Inflation expectations flawed; dollar demand and earnings hit 80-year lows—Phillips curve outdated.

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