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Rate hikers fear another 1978 even as 2008 comparisons get louder by the week.

Eurodollar University

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The Demand Component of Inflation

People don't understand this, imply and demand component of inflation. As the economy slows, what happens? Well, one thing is people lose their jobs. And when they do that, they go on unemployment and their wage goes down. All that translates back to and even more is less money for discretionary spending. There's no other direction for prices to go but down. The C, Steve, you're making too much sense.

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