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Friday, December 6, 2024

There’s No Turning Back: The Era of Consequences Has Begun

Let's hope that D.O.G.E. has tremendous success in trimming government fat and reducing the deficit. However, the basic underlying trend of debt growing at ~2x the rate of the economy. Seeking to manage this math problem, the Fed will choose inflation as that hurts little people while deflation makes their main banking clients very unhappy.

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