Why the Data Makes No Sense
inflation, fed toolkit, corporate pricing power, guy debord
data and reality - podcast and youtube up soon
The Perfect Storm
Things are really weird right now. That’s really the only thing that anyone should be saying with any sort of certainty! The Fed is still planning to rip, inflation is still not where we want it to be, and parts of the economy are rebalancing, as Mary Daly described last week.
There are going to be a lot of pressure points on consumers moving forward too. Stimulus ended1, and now student loan payments are starting back up. Auto loans are teetering off the edge of a cliff and mortgage rates have skyrocketed.
A very brief philosophical aside that I think will help set the tone for this piece - in the ever prescient Society of the Spectacle, Guy DeBord walks through a lot of what is happening today. The first sentence is -
“In societies where modern conditions of production prevail, life is presented as an immense accumulation of spectacles. Everything that was directly lived has receded into a representation.”
We have a world …
