Not getting above 40.
This is deflation, there is a 4% price decline across the board to match with costs of production. How much of that has already been taken out? Dunno, didn't do the numbers. Covid sent us a huge deflation spike. I do not think it is stopping, money is way too tight and Powell is on a deflation hunt, and lying about it. The macro economists are getting a bit hysterical, close to Wile e Coyote.
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