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The Future of Inflation
I'm curious, you know if Joseph is correct and I mean Fed jr. Powell. It's a great point about how quickly inflation fell from July of 2008 But it's also remarkable how in the peak of inflation was months after the collapse of bear sterns. So there does seem to be a possibility of what's conventionally called stackflation And you can actually see that and said forecast as well lower real growth higher inflation Eric,. Do you have any view on I mean, we're kind of in a stackflation world right now, right? We have declining growth and persistently high inflation.