The prices rising faster than wages are paid by taxes, the stuff below pays the taxes. Worker wages are the reference axis.
The car industry is not paying for all that, and software is dropping in price, and so are taxes due. We see this in California, Gavin is on the hunt for Obamacare taxes. Sales taxes at a maximum, but the capital gains taxes in Silicon Valley have dropped. A lot of these colors will be crossing over soon, making things a bit whiter.
The reversion to mean requires many crossings of those colors. That is why Powell wants 15% of GDP in reserves.
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