The Macro Moment: Another High CPI Print
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The CPI came out with an 8.7% print. This is still at the 40 year highs which has causing major havoc with household budgets.
In this video I discuss how the persistance of this only makes the landing that much harder. There is no way we get a "soft" landing. The economy has little choice but to crash as wages are lagging, causing different sectors of the economy to tank.
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