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So, will a $1.9 trillion relief package cause runaway inflation or a spike in interest rates?

“So that’s a pretty noble experiment.”

Something has fundamentally changed.

Amazing how that happens. 

Debts are promises. We’re making a lot of promises – implicit and explicit – these days.

Okay, so we have a stimulus (rescue?) bill finally, totaling over 5,000 pages

We’re going to be talking as much about inflation next year as we were talking about disinflation in 2015 and deflation in 2016.

Here’s Michael Cembalest at JP Morgan yanking the trophy away from “the Armageddonists”

This chart is hilarious.