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The tyrant "has desires which he is utterly unable to satisfy, and has more wants than any one, and is truly poor, if you know how to inspect the whole soul of him: all his life long he is beset with fear and is full of convulsions, and distractions, even as the State which he resembles."
Wednesday, May 21, 2025
When core pce inflation was above 2.5% year over year for 27 straight years, we had 10Y yields well above 5 and 30-year mortgages well above 7.5 to go with it
