What's Happening?

The c p i year of a year covers the fed funds. A seven and a half % is a frigand wild number. What's happening? High inflation, low interest rates,. domestic captive pension funds and all theseyou know, other sort sorts of capital in bonds. The real value of that capital, as eroding in real time. So thankfully, we have and escape valve. But i wouldn't think of it as a, you know, inflation hedge on the c p. That's kind of missing the forest for the trees.

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