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Market warnings about November have proven accurate. Again.

Eurodollar University

00:00

The Inventory Cycle Is Turning Into the Bullwhip Effect

The data is catching up to where the markets were and the markets have been consistently picturing ahead of us more and more ugly. The implications are more directly in consumer prices, which we've already seen come down. In some places, actual prices might fall again and the overall economy unfortunately suffers from the same effect. We're suffering the recessionary down cycle to the what was always a supply shock and not inflation.

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