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The deflationary pulse coming from AI is still under appreciatedMuch as the rapid inflation through 2021/22 caught many off-guard (including the Fed) despite being quite an obvious outcome - a complacency induced by years of little to no inflation despite several rounds of QESo too will the likely deflation and rise in unemployment resulting from AI take most by surpriseMost investors are actuallybad at pricing a future state of the world, finding it hard to move past their recency bias This wil
0:47
The deflationary pulse coming from AI is still under appreciatedMuch as the rapid inflation through 2021/22 caught many off-guard (including the Fed) despite being quite an obvious outcome - a complacency induced by years of little to no inflation despite several rounds of QESo too will the likely deflation and rise in unemployment resulting from AI take most by surpriseMost investors are actuallybad at pricing a future state of the world, finding it hard to move past their recency bias This wil
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