The Era Of Low Inflation Was Transitory

Chinese imports have kept a lid on goods prices, but not services. Dollar will decline when foreign investors no longer want US stocks. We now have more inflation and less ability to deal with it than in the 1970s.

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Chinese imports have kept a lid on goods prices, but not services. Dollar will decline when foreign investors no longer want US stocks. We now have more inflation and less ability to deal with it than in the 1970s. US may soon trade used American cars for used Chinese bikes. The US Dollar is still backed by more than Bitcoin is.

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