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Long Global, Short USA (EP.251)
Animal Spirits Podcast
I Got It. Seven, Eight Nine?
Food and energy accounted for 27 % collit of consumer spending. Now it's 12%. Energy piqued in late seventies, early eighties at almost ten per cent. It's now four per cent. So energy prices would have to more than double from here to account for as much of a budget as they did back in the seventies and eighties.
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