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There is a fundamental misunderstanding of inflation and its spread throughout sectors of the economy proves it is not isolated or transitory, Mohamed El-Erian says

There is a fundamental misunderstanding of inflation and its spread throughout sectors of the economy proves it is not isolated or transitory, Mohamed El-Erian says

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“I always laugh when people say, oh, it’s isolated, it’s transitory,” El-Erian told CNBC, adding there is a “fundamental misunderstanding” of the concept.

...read full article on Business Insider

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