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CPI, Euro Equities, The Fed, and Real Estate (Podcast)

Bloomberg Intelligence

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Joe Biden's Soft Landing Mode

If we're really heading for a soft landing and inflation is going to come to heel without any more pain, that would probably mean Joe Biden gets back in a landslide next year. It's very, very, very difficult to beat an incumbent who has a good and economic record as markets implicitly expect. So politically, this is a point I think some people haven't quite taken on board and which I've been a hawk thinking inflation is worse than people think it is for a while.

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