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Hi lads. Great stuff again.

If you recall a few podcasts ago, my opinion has always been that the deflationary pressures of globalisation, automation and the never ending stripping down the cost base remain high on the agenda for businesses, and hence we’ll be back to the deflationary pressures before long. Especially if we get a bit of globalisation back working. I think that’s somewhat consistent with CJ’s opinion on the latest podcast.

As ever though, it’s extremely difficult to predict magnitudes and timing. We have inflationary pressures in energy and food being offset by those deflationary pressures. If you ask me, I expect the deflationary pressures to persist and the inflationary pressures to desist. Now we can add fiscal tightening into the mix which will accelerate that deflationary pressure.

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Another good listen, Thanks ... you managed to make a 3km walk in the rain fly by!

Loved the speculation on the economy .. hate that you believe the Ukrainian war will carry on potenially for years (seeings as it's really been going on by stealth since 2014 ... you're probably not wrong!) and your discussion on what has changed re the de-inflation forces ... and hope that the ECB will leave well enough alone ... rather than totally kill the economy!!

I hope your "truely weird" blip will just be a blip .... meanwhile we live as best we can!

Keep up the good work .... I love my Sat Morning listen & walk sessions!

All the best

Deirdre

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