Nonetheless, the preference for seeing as inflation as yesterday's worry suddenly finds new popularity. It must be stated too that this optimism is built in no small degree on the house of energy and the expectation that the price rally in oil is now behind us.
Definitely good for a read. I am more of a slowing-growth-due-to-rising-risk-premiums dove but even if that proves correct oil prices can still cause inflation problems this fall or next year based on increased emerging market demand.
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