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4min chapter
Gilt Trip with Cathie Wood
FYI - For Your Innovation
The Fed Is Making a Mistake
Inflation peaked in 1981 until 1986 when oil prices crashed. It took a long time for people to believe that inflation had peaked. Social spending is still down 14% on a year over year basis. This was not a period of embedding inflation expectations. And yet, Chairman Powell is taking a sledgehammer that is actually bigger, much bigger.
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