In a rare example of Democrats getting it right, they expect year-ahead inflation to be 10.1%, while Republicans expect just 1.5%. It's not just tariffs that will drive prices higher, but deficit spending, a weaker dollar, and a return to QE as bond yields and unemployment rise.
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NFTArchaeologis
· 9h ago
Expectational differences lead to economic outcomes
In a rare example of Democrats getting it right, they expect year-ahead inflation to be 10.1%, while Republicans expect just 1.5%. It's not just tariffs that will drive prices higher, but deficit spending, a weaker dollar, and a return to QE as bond yields and unemployment rise.