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He has a newer video predicting inflation then deflation. He thinks it's only due to the cyclical rebound, and doesn't really factor in the trade war and the shift in supply chains. It all depends on what happens with the central banks. They could walk away from propping up the bond and equity markets, but nothing suggests they'll do anything in a meaningful way. Powell is actually printing faster than the stated policy, and his reverse repos seem to be having the effect of leveraging up the banks by lending them safe treasury bills for their balance sheets.
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