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Not the right time to get pumped up about inflation — Dominic Caddick

Summary:
Recall that in 1936 FDR jumped the gun in prematurely cutting back stimulus aimed at recovery, which truned out to have been premature. But the outcry against "loose money" was loud, and FDR unwisely buckled to it.the new economics foundationNot the right time to get pumped up about inflationDominic Caddick

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Recall that in 1936 FDR jumped the gun in prematurely cutting back stimulus aimed at recovery, which truned out to have been premature. But the outcry against "loose money" was loud, and FDR unwisely buckled to it.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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