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Open original source ↗You refer to top 10% gaining market share in a post-QE world. Listen to any US retailer lament their lack of pricing power because most deal with the other 90% and they draw a diametrically opposite picture, and that’s been a long established trend aside from Covid stimmy checks.
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@DiMartinoBooth “…….inflation OVER WHICH THE FED HAS NO CONTROL” But inflation is a monetary phenomenon, isn’t it? It’s too much money that has driven inflation for at least the last two decades. The oil shock is just icing on the cake.
geswolfcrest ↗