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Would it be too much of a conspiracy theory to believe that the Fed, ECB and BOE all encouraged the Russian invasion of Ukraine as a way to divert attention from their own failures and create another scapegoat?

I agree that core inflation will be far stickier than many currently assume, and in fact, may have trouble going below 3.5% for a very long time. Have a good weekend

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I guess a bit too much.

Have a great weekend as well, Andy!

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