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MacroVoices #341 Jim Bianco: Inflation Is Not Going Away

Macro Voices

Fungible (oil) vs non-fungible (gas). Energy cost more imp than labour

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The single biggest import to any manufacturing process is cheap energy. Then comes cheap labor. So yes, i do think that we do have an energy problem. You can do that with crut all, cause almost all of it goes by cargo ships somewhere. And so that this problem is not goig to go away. Now what does it mean? Well, ind it is.

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