Inflation expectations flawed; dollar demand and earnings hit 80-year lows—Phillips curve outdated.

September 3, 2024 9:19 pm by CWR

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Look at these two charts and explain to me how it is possible that "inflation expectations" (whatever the f*** those are) are under control? Americans earn fewer dollars than they have in 80 years, and their desire to hold those dollars is near an 80 year low. Jettison the… pic.twitter.com/v0DaECBLzY

— Dr_Gingerballs (@Dr_Gingerballs) September 3, 2024

See also In a state of panic, media outlets are resorting to misleading claims, insisting that yield curve normalization does not necessarily indicate a recession.

See also While the markets may seem strong long-term, they are propped up by unsustainable practices and significant political issues. Expectations of a hard landing are beginning to grow.

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