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We got another big number on the CPI-7% for last month. This is only going to feed into the mantra that the Fed caused this.
In this video I discuss how people are looking to the Fed to solve the issue. The problem with that is the Fed is stepping up...and will crash the economy. It is why every recession from the 1960s either was double dip or got close to it. Inflation is a lagging indicator yet people use this while ignoring the forward looking metrics.
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