MacroVoices #341 Jim Bianco: Inflation Is Not Going Away
Macro Voices
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Cheap Labor Is Not in the Cards Anymore
Cheap labor seems to be one that's not in the cards any more. China, for the last forty years, we got six trillion with the tea dollars worth of goods from china collectively. That was thing that held down inflation, cheap goods. Europe has, their manufacturing base was really benefiting from cheap natural gas from russia.
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