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We really need to talk about "inflation", as Alan Greenspan was trying to way back in '96.

Eurodollar University

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What the Markets Have Been Pricing All Along

The producer price index for the US fell to 8% year over year, which was the lowest since last July. The markets are more and more pricing something like the early 1990s where especially the supply shock and oil more likely contributes to their eventual downside. "This was never inflation. This was about an imbalance of money. It was an imbalance of supply," he says.

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