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From:
The Overshoot
(Uncensored)
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Inflation is Persistent and Consumers are Flush. Falling Rates Could be Dangerous.
https://theovershoot.co/p/inflation-is-persistent-and-consumers
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Current income is already rising fast enough to finance broad price increases, with borrowing muted thanks to high rates. Lower rates could lead to massive wealth monetization and even more inflation.
