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MacroVoices #341 Jim Bianco: Inflation Is Not Going Away
Macro Voices
The Single Biggest Import to Any Manufacturing Process
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The single biggest import to any manufacturing process is cheap energy. China, the second largest economy by gross domestic product, is now near zero growth. So how do we reconcile all this? Is there some moment of awakening where the whole market says, oh, my gosh, inflation really is persistent? That really does tie central bankers hands. How do we get from it? Seems like the market is out of touch with the market right now.
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