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Well, the markets continue to ignore mounting evidence of a huge inflationary problem because

everybody is convinced that these price increases are transitory, right?

It's all temporary.

It's all the result of comparisons and other anomalies that were associated with the

coronavirus and the shutdown.

And so we can close our eyes to what's plainly there because we can all rest assured that

this is just transitory.

And again, the principal leader in this, its transitory campaign is the Federal Reserve.

His drone power.

And after all, if the Fed thinks it's transitory, well, who are we to argue?

But again, it was the Federal Reserve that said the problems in subprime were contained.

And now they want us to believe that the problems with inflation are transitory.

Well, there is transitory now as subprime was contained.

The problem is the markets are being fooled again, just like they were being fooled in

the past.

...