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FX weekly: Powell is right, in the end we are all going to die!
"An episode of one-time price increases as the economy reopens is not the same thing and it is not likely to lead to persistently higher year-over-year inflation," – Jay Powell In our sister product, the week ahead, we mulled, if we are not experiencing something akin to a crack-up boom as the Austrian’s (Mises, Rothbard, ...) describe it. The latest FOMC decision at least did nothing to assuage such fears – everything is transitory for Powell, it seems. From what we gather he’s kind-of right. At some point the sun will kill all life on Earth (7.5bn years into the future - unless Elon moves the ... (full story)
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