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The Macro Implications of the AMZN/WFM Deal

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Deals like this will continue to put downward pressure on prices and make it more difficult for central banks to achieve their inflation targets. Amazon could disrupt the restaurant business, which has been a leading job creator in this expansion. The risks to grocery competitors and restaurants should concern some owners of CRE and CMBS.

Ned Davis Research | Fixed Income | U.S. Comment | Daily

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