The Importance of Thinking Through Scenarios

It's not the good old days right now, so to speak. There's a lot going on and I think for people to just put their head in the sand is not good strategy. If you look at any of the current members of the Fed or if you look at the ECB, do you see any figures that would be willing to take that kind of action to snuff out inflation? We will see. Probably a great place to put a pin in it.

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