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Blain’s Morning Porridge/Bill Blain/5-30-2022
“All they [central banks] can do now is go with the flow and try to moderate the effects of the inflation tsunami: higher raw material and commodity prices, higher transport costs, higher energy costs, higher producer prices and, coming soon, rising social unrest and strikes as pay demands heat up. Worse is yet to come.”
USAGOLD note: Blain breaks down how Europe shapes up now as the pendulum, as he sees it, now swinging to Moscow. “In short,” he concludes, “June is looking… troubling.” Details at the link.
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