Some perspective. Elizabeth was crowned 60 years after the 2nd inauguration of Grover Cleveland, and 68 years before the inauguration of Joe Biden.
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Used Car prices are down 9% over the last 6 months. In 2020, this was one of the first areas to spike higher, in advance of broader inflationary measures. Hopefully, the recent downturn is a leading indicator of lower inflation rates to come. https://t.co/xy4LsMPAh1
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The @RoyalFamily has confirmed that Queen Elizabeth has passed away at the age of 96. https://t.co/RzNSrOQU1m
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RIP Queen Elizabeth, you’re a true legend who helped your country through sooooooooo much! #QueenElizabeth #RIPQueenElizabeth #rip #Queen
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So, I'm reading the Ball/Leigh/Mishra paper Jason Furman calls "the scariest economics paper of 2022." It definitely paints an ugly picture. And these are serious guys, not at all permahawks. Their grimness might well be right. But I have questions 1/ https://t.co/ZCDekMAIq9
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US Wages increased 5.2% over the last year while consumer prices (CPI) rose 8.5%. How are Americans still spending given this enormous gap? They're saving less (savings rate at lowest level since 2009) and borrowing more (consumer credit increasing at fastest pace since 2011). https://t.co/FhY1GJS6Jv
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The world mourned the passing of Queen Elizabeth II on Thursday. Elizabeth, 96, was Britain’s longest-reigning monarch after ruling for seven decades. Tributes poured in across social media for Britain’s longest-reigning monarch: https://t.co/oKsTmQWK5X
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“In Britain, she is Tower Bridge & a red double-decker bus on two legs, not to mention Big Ben, afternoon tea, village fetes & sheep-flecked hills…In the wider world, she is the newsreel figure who just has carried on going into digital high definition.” https://t.co/chVEahEulS
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But right now we're in a period of *low* headline inflation, with falling commodity prices, easing supply chains, etc. Market-based expectations have been falling, not rising. 7/
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Inflation expectations are ‘collapsing’ — here’s why that could spur a rebound in stocks https://t.co/gsuSmlfLwj
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"She has never indicated what party [or] what political organization she supports," Royal Expert Rob Shuter says on Queen Elizabeth II. "I think that has served her very well in a world where everybody now appears to be political, including the Supreme Court here in America." https://t.co/l1i20qyM3x
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So many superlatives for this historic figure. Longest reigning queen, person who met with more world leaders than anyone else alive, & now her 73-year-old son becomes the oldest person to accede to the throne. The changes come amid wider regime change economically & politically
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While not a surprise investors need to pay attn. Another behind the curve moment. https://t.co/c77oSg54zJ
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