100% Peter. I already drafted my next piece (hope to release next week) on why we all feel so bad even though inflation and other econ numbers improved. All exactly to your point.
I think it would be more useful to look at absolute changes rather than percentage changes. E.g. a change from -.25 to -.5 doesn't seem equivalent to one from 3.5 to 7.0.
Thanks!
100% Peter. I already drafted my next piece (hope to release next week) on why we all feel so bad even though inflation and other econ numbers improved. All exactly to your point.
I think it would be more useful to look at absolute changes rather than percentage changes. E.g. a change from -.25 to -.5 doesn't seem equivalent to one from 3.5 to 7.0.
This inflation does not reflect the real situation, as felt and experienced in everyday life.