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Furthermore, Edwards wrote, in the Tuesday edition of his Global Strategy Weekly, after four decades of working in finance, he's never seen anything like the "unprecedented" and | "astonishing" levels of corporate Greedflation in this economic cycle. To his point, a January study from the Federal Reserve Bank of Kansas City found that "markup growth" -the increase in the ratio between the price a firm charges and its cost of production-was a far more important factor driving inflation in 2021 than it has been throughout economic history.