
Why Mass Formation Psychosis? [Eurodollar University, Ep. 180]
Eurodollar University
00:00
Services Economy - Is This Monetary Inflation?
If this was real inflation due to money, we wouldn't see services decelerate so radically and persistently as it has really since the early part of last year. Consumer price increases and accelerations broadened out, but only in the goods sector. Outside of the good sector, it's a very different story,. which again, raises our levels of scepticism to say that this is not monetary inflation in emil's vernacular. And jargon. It must be something else specific to goods. Which, oh, by the way, we've been talking about supply shock and supply chain issues in goods all wrong.
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