I was sitting at a traffic light last week and noticed the sign above. Very clever—and very true. It’s hard to believe that inflation has been running above the Federal Reserve’s 2% target for over four years. It feels like just yesterday when the Fed was assuring us that inflation was transitory and would go back into the bottle. Of course, it never did.Considering inflation’s persistence and the significant amount of purchasing power lost, it’s no surprise the cost of living is s| Palm Valley Capital
What are the quantitative signs that secular stagnation is over?| www.man.com
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