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Real Personal Income Continues to Rise

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Employment Muddles Along

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Rising Yield Curve Means Rising Market

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Inflation Steady….Recession Risk Continues to Fall

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10yr to Continue Rising?

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The Great Myth: Oil vs Inflation

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Inflation is NOT Oil’s Fault

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More Jobs Don’t Equal More Inflation

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M2 vs Inflation

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What Is Causing “Inflation”?

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M2 and Inflation

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It Actually Is A Little “Different” This Time