Getting Back Inflation Is So Hard

I don't see an easy way back to steady state, which is what's worrying people not just economic forecasters, but everybody across the board. I'd rather pick a higher interest rate word where things happen slowly than a deep recession. Investors in this range thing is stock prices have actually been remarkably resilient in spite of these fears. It's that feeling in the pit of your stomach as you watch your entire wealth melting down 5% of the time. And there's not a thing you can do about it.

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