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70% Capacity Utilization = no inflation
Would you raise your prices if you had 30% idle capacities? No, since the producer next door would be more than happy to increase production and sell his stuff at the lower price.
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US Monetary Base
Today we take a look at the growth of the US Monetary Base, and why inflation has not occurred. With M1 / M2 growth slowing down dramatically, and possibly turning negative, implications for the stock markets are negative.