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Inflation
Inflation is a log normal thing. Ora, doesn't' oo the left tail. What do you think are the odds that intration will be under three % for the next five years? i personally think it'd be very low, like sub ten. Is extremely difficultn and i also looked another stud which i found was fascinating, is what happened when inflation went from 3% to 7%. I actually think it would be positive for the us economy to stay there for quite a while.