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Pozsar Says L-Shaped Recession Is Needed to Conquer Inflation

  • Fed may have to hike to 5% or 6% as inflation now structural
  • Economic war has broken out and wars are inflationary: Poszar
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The US economy may need to undergo a deeper and longer recession than investors currently anticipate before inflation can be brought under control, according to Zoltan Pozsar of Credit Suisse Group AG.