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There is an element of complacency. Markets have been trying to make up their mind on whether inflation is transitory, are supply chain disruptions are going to translate into higher costs, but this week’s earnings from various companies are assuaging some of those concerns that companies won’t be able to pass on some of these cost rises to consumers, and that’s why we are seeing the increase in risk.

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    Who said "Violence is the last refuge of the incompetent."?
    A Isaac Asimov
    B Poul Anderson
    C Robert A. Heinlein
    D Kurt Vonnegut