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https://authenticintel.substack.com/p/consumer-and-market-sentiment-is/comment/100892314

Thomas L. Hutcheson on Authentic Intel

"What doesn’t quite square up with the spike in inflation expectations, interestingly, is consumers’ labor market expectations" I think the uncertainty is the answer. If X is happening you may think Y will result and if Z is happening P will result whether tail risk of both distributions change the central tendency can change in ways that down not accord with either X believers' or Y believers' model. Another way of saying this is the people are fearing" stagflation."



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Thomas L. Hutcheson on Authentic Intel

https://authenticintel.substack.com/p/consumer-and-market-sentiment-is/comment/100892314

"What doesn’t quite square up with the spike in inflation expectations, interestingly, is consumers’ labor market expectations" I think the uncertainty is the answer. If X is happening you may think Y will result and if Z is happening P will result whether tail risk of both distributions change the central tendency can change in ways that down not accord with either X believers' or Y believers' model. Another way of saying this is the people are fearing" stagflation."



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https://authenticintel.substack.com/p/consumer-and-market-sentiment-is/comment/100892314

Thomas L. Hutcheson on Authentic Intel

"What doesn’t quite square up with the spike in inflation expectations, interestingly, is consumers’ labor market expectations" I think the uncertainty is the answer. If X is happening you may think Y will result and if Z is happening P will result whether tail risk of both distributions change the central tendency can change in ways that down not accord with either X believers' or Y believers' model. Another way of saying this is the people are fearing" stagflation."

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      Thomas L. Hutcheson on Authentic Intel
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      "What doesn’t quite square up with the spike in inflation expectations, interestingly, is consumers’ labor market expectations" I think the uncertainty is the answer. If X is happening you may think Y will result and if Z is happening P will result whether tail risk of both distributions change the central tendency can change in ways that down not accord with either X believers' or Y believers' model. Another way of saying this is the people are fearing" stagflation."

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