Macrocast: Everyone Is An Expert On Inflation...Right?
Tony, John, and Brendan are joined by John Dick this week to discuss recent data showing a spike in consumer inflation concerns: 90% of consumers are now very or somewhat concerned about inflation. The gang discusses what consumers are mistaking for inflation (volatile food and energy prices, supply chain issues, increased demand), and why those misconceptions are powerful. Plus, they take a look at how inflation hysteria has affected the markets and the Fed.
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