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Oil, Central Banks, Earnings, and Intel

Bloomberg Intelligence

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The Underestimating of Inflationary Dynamics

I'm not worried that the Fed pushes us into recession. I think that it will take a recession, and I don't think the Fed is managing towards growth. As we get closer to the top, they're more looking on a two-sided view. People really underestimate the self-reinforcing elements of inflation.

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