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Wednesday, 07/12/2023 2:35:39 PM

Wednesday, July 12, 2023 2:35:39 PM

Post# of 5519
SWEET SPOT! This spectacular year is going to get even more so. Bears are clinging to the belief that without higher rates we drop hard? As long as China's consumer hordes their 1.7 Trillion dollar disposable money it is unlikely a self contained inflation pressure goes far. I was counting on CHINA to be the double whammy to spike inflation from here. They are cutting rates and trying to stimulate while we are hoping for a soft jobs market and soft landing.

I suspect China will restart their economic expansion but obviously now here yet. That means a sweet spot for US inflation and demand. Dollar, long term rates are breaking down. ONLY an external event of trillion dollar proportions will derail this July and August move.

Pump it UP! We also have preliminary pressure from strikes and demand for higher wages but that too takes time.

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