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I_Am_Graydon t1_jadtx3n wrote

Every time we've had inflation, it was vastly underestimated and it stuck around much longer than expected. I think we'll see the same thing, and it will culminate with a Paul Volker style Fed-induced recession once they decide to quit fucking around (which is exactly what they're doing now).

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RockyattheTop t1_jadul4b wrote

I think at some point Powell gets booted as chair. If inflation is still bad, welcome in Chairman Jim Blaze aka Bullard. First press conference only one sentence will be said, “Fuck your calls” then he mic drops and walks off the stage.

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