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Let's keep kalm..... there is no gain on stressing. Thanks Graham!

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Jul 17, 2022·edited Jul 17, 2022

Look, inflation is high for certain but for those who lived through the 70s and 80s, that’s what hyperinflation was, not 9%. The Fed definitely needs to continue normalizing rates. But, for more than a decade, rates have been close to zero. So, going from near zero to 9% is a shock but it’s not armageddon like some in fintwitland and elsewhere are claiming. For perspective, in the 1970s, inflation peaked at 15% or greater and that didn’t come with a once in 100 year global pandemic plus crazy global supply chain breakdowns. I think folks need to take a deep breath and wait for the rate hikes to take effect. I’m not saying it’s unicorns and rainbows but the sky isn’t falling either.

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