Surveillance: Stagflation with Shah
Bloomberg Surveillance
00:00
The Future of Inflation
Bob Pippman: It really comes down to whether the inflation situation remains structural or transitory. He says we were at about a 2% regime, we're now at about 2 and a half if you look on a 10-year rate of change basis. The monetary base or the money supply numbers have rolled over, which is what they did in the second half of the 40s after obviously expanding rapidly from 42 to 46.
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