The media likes to talk about inflation alot because it gets clicks, but secular deflation is much harder for people to understand. So if we get into japan ification, as you know, there are a lot of signs that the west will,. Then this is actually still the main game, and in fact, beeven more so by this kind of shock. But i do think staclation, you know, if it were to happen, it would be very dangerous."

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