RenMac: Renaissance Macro Research @RenMacLLC The big news in the UMich data was not inflation expectations. Look at what people are saying about the jobs market! Expected change in unemployment worst since the 2008 recession. No one is asking for a raise in this environment.
Parker Ross @Econ_Parker
Interestingly, most of that rising job anxiety appears to be coming from moderate- and higher-income households, as lower-income households see lower odds of losing a job now than any time since peak labor market tightness.
(MAGA cuts to federal government and NGOs are spreading to real estate in DC and others who thrive in federal government areas.)
Poster Comment:
"Every conspiracy theory rabbit hole leads to the same group of rabbits" -- Jack Posobiec