
MacroVoices #314 Lakshman Achuthan: Inflation is Neither Transitory or Secular, it’s Cyclical
Macro Voices
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Is the Energy Crisis a Set Up for Higher Energy Costs?
Lock: We already have a backdrop of a cyclical inflationry impulse that we're fighting. Now, the situation with yu crane has the potential to dramatically exascerbate that. And i do not think the economy can anywhere close to tolerating that kind of increase in energy cost. So everything else being equal, priceis going up. We've got demand a growth coming down.
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