And I think that the thing that's a little bit hard to factor in at this point, I do think we're in an unprecedented moment in terms of how to read the economic indicators. On one hand, We're in the middle of a conflict that's a shock. Shock to the oil markets is a big driver of the uptick in inflation. On the other hand, we're in this moment of enormous capital investment, unprecedented in our time, that's going to have significant effects on productivity. (04:07–04:13)
CLAIM
Asserts that a current conflict is causing a shock to oil markets, driving inflation.
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