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Economic Torture Incoming With David Stockman

Lead-Lag Live

00:00

Is Wall Street Trying to Get Ahead of the Fed?

The buildup of cash is now bleeding off slowly, but it's keeping the economy a little more resilient than would otherwise be the case in response to the rate increases. The real concern there is what if you were to have a sustained pickup in the velocity of money? Because then all of that could unleash a tremendous inflationary wave. That's also what the Fed is trying to get ahead of.

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