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@deeschay Which will drive real relates negative ~> Which will force inflation higher ~> Which will drive real relates negative ~> Which will force inflation higher ~> Which will drive real relates negative ~> Which will force inflation higher ~> ♾️ @deeschay Until the POLITICAL pressures to control inflation will finally be so strong that the Fed will have to relent and let the long end go... At which point the next Arthur Burns will write their treatise on why it’s not their fault… It’s a story as old as ⏰ .