The June Survey of Consumer Expectations showed that median inflation expectations over the next 12 months jumped to 4.8%.
www.cnbc.com
I feel like I'm taking fucking crazy pills. Every single economic indicator has been flashing in bright red scarlet letters for months now: YOU'RE FUCKED. When their monthly predictions fall flat on their faces, they drag out some decrepit jewish banker with a list of conflicting interests a mile long, or some soyfaced NYU grad who couldn't predict shit falling from a horses ass, to vomit out some market jargon gishgallop on television explaining how "akshually, this time the indicators are wrong because of our magical neolib circular reasoning that only a bigot or a conspiracy theorist would ever contest, so shut up and keep buying on credit, goy". I was a child during the 2008 market collapse so I don't have a frame of reference here. Was the media in full on denial mode before the market shit itself back then too?