The 'shrugflation triangle' argument about oil, AI and Treasuries
A writer argues the economy's two biggest borrowers seemingly disregard borrowing costs, leaving people to pay.
TLDR
A writer describes a 'shrugflation triangle' in which the economy's two biggest borrowers seemingly stop caring what money costs, while oil, AI and Treasuries feed into each other. The piece argues that people end up paying and asks why nobody seems able to stop it.
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