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Best of luck with travelling this week, I hope you are able to avoid the brunt of the holiday weekend rush.
Regarding the previous inflation post, do you think the reckoning is coming sooner than later? I have taken the increasing pace of acquisitions and buybacks as a sign that companies are getting a little despate trying to get rid of dollars/take on debt before inflation really quickens and rates increase.
I think the reckoning is coming later, like 2010-15, but there will be decent-sized bumps along the way… as we have seen recently.