June 10, 2021

NOTHING TO SEE HERE, MOVE ALONG: Deutsche Bank Issues a Terrifying Warning for America Under Biden. “Already, many sources of rising prices are filtering through into the US economy. Even if they are transitory on paper, they may feed into expectations just as they did in the 1970s. The risk then, is that even if they are only embedded for a few months they may be difficult to contain, especially with stimulus so high.”

Related: CPI inflation indicator hits 5 percent. “Trillions of dollars of proposed new deficit spending would further increase inflation, and would mostly stimulate the politically connected. The Federal Reserve should resist political pressure to further flood the money supply in hopes of stimulating a faster COVID recovery.”

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