Zoom out. See those grey recessions? See the few with the slightest wiggle of “deflation”? One can easily confuse absolute changes in price level with its first and second derivatives. Markets trade on the margin of the latter two, but consumers *feel* the former. https://t.co/QaqNuD0OVw
— Matthew Pines (@matthew_pines) Jul 22, 2022
via Twitter https://twitter.com/matthew_pines
July 23, 2022 at 03:19AM
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