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Why Prices Never Come Back Down... Ever
Consumer prices are never going to go back to where they were before the pandemic. This simple reason is they can’t. You think that since they went up, they can just go right back down. That’s not unlikely, it is impossible and I’m going to show you why with a very simple example. Now the implications of this economic fact are profound. In fact, it explains everything about the economy we have right now, from the labor market and the lack of jobs to, yes, affordability.
Eurodollar University's Money & Macro Analysis…
The skinny
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