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Title: Explosive Inflation Leads To Record Collapse In Home, Car Purchase Plans
Source:
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URL Source: https://www.zerohedge.com/markets/h ... llapse-home-car-purchase-plans
Published: Jul 16, 2021
Author: Tyler Durden
Post Date: 2021-07-16 17:20:38 by Horse
Keywords: None
Views: 42
For the past several months we have warned about the pernicious effects soaring prices are having on both corporations ("Buckle Up! Inflation Is Here!") and consumers (""This Is Not Transitory": Hyperinflation Fears Are Soaring Across America"), prompting even otherwise boring sellside research to get (hyper) exciting, with Deutsche Bank (which warned this week that "Inflation Is About To Explode "Leaving Global Economies Sitting On A Time Bomb"") and Bank of America (which "Just Threw Up All Over The Fed's "Transitory" Argument") now openly claiming that the Fed is wrong, and the US is facing an unprecedented period of far higher, non-transitory inflation, with DB going so far as to warn "policymakers will face the most challenging years since the Volcker/Reagan period in the 1980s."
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