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phillips curve revival: is the unexpected, not the expected inflation the way to create jobs. Gold is telling us that no jobs will be created in the US with the devaluation. No deception is policy failure. Inflation will come with the devaluation via import costs, as all imported inputs go bananas starting with crude oil, thats why natgas is free. Oz dollar only currency doing the right thing.
Oct 21 19:05 pm
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