It seems all the economy talk I hear on radio paints it as strong, growing, and pretty rosy minus the occasional stock downturn. I look at stuff like this though and wonder how people aren’t seeing deadly omens all over the place.
But motherfuck if "inflationary pressure" isn't a synonym for "wage growth" and a reason to increase interest rates. Any time wages grew faster than inflation before the last crash the Fed stepped on the brakes, wonder why real wages haven't increased in a few decades? I haven't read many post crash federal reserve statements so I don't know if this is still true but it was usually true since the 70's. I don't expect pony boy is on the look out for the working man but there is more than a grain of truth behind what he is saying.