MacroVoices #354 Jim Bianco: CPI, FOMC, China & More
Macro Voices
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The Cheap Energy Era Is Over
Jim Boulden: I think we're a peak globalization. The idea that offshoring your production is going to produce cheap goods, I think is in the rear view mirror as well in cheap energy. That's all about Russia. They're not going to become a cheap energy producer again, anytime soon. He says if you were to put the Fed in one of those hawk dove meters, most davish person might be vice chairman Leo Brainard. And the most hawkish person might be chairman, Jay Powell. It's unusual because usually the vice chairman and the chairman is somewhere in the middle, but they kind of occupy the extremes.
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