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Frederick Miles
Bloomberg Television
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Comments by "Frederick Miles" (@frederickmiles8815) on "Current Inflation Not Like 1970s: Nobel Laureate Romer" video.
Because its deflation, why are people so stupid and blinded by narratives - look at the production collapse globally as part of greater demand destruction, watch inventory levels and margin / credit vs underlying dollars/collateral; this is a depression not a recession. Look at the rapid increases in acts of fraud tied to manufacturing capabilities. You have dont have dx-y this high and headed for north of 120 with inflation, what really makes us screwed is that our leaders havent realized this yet, and everything we do makes this nightmare worst.
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