July 22, 2022 Emerging market central banks have been aggressive in staying in front of inflation. For example, Chile began raising rates in July of ’21. This week they increased rates to 9.75% Emerging markets are gaining some credibility in this regard.  Source: thedailyshot

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Spending and the Pandemic: Over the past 75 years, American consumer spending has had a clear, distinct trend line: There has been a lot more spending on services and a lot less spending on goods. You might say we as a country have been putting more money toward experiences than things. This trend has been so pronounced, in fact, that by the end of 2019, $0.70 of every dollar spent was going towards services, leaving just $0.30 for goods.

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