John Stepek

10 years of that was the most disinflationary decade we've ever had.

I don't place a lot of stock in expectations, I must admit, just because I think if you put too much stock in expectations, then that always encourages politicians to think that they can somehow wrestle control of the narrative just by talking rather than acting.

But people's expectations usually reflect an underlying reality, which is this stuff is just getting more and more expensive relentlessly.

Yeah.

Yeah.

Thanks, Bill.

Within probably 10 days, I put on 10 pounds.

I was having trouble stopping the muscle growth.

And I'm John Stevick, Senior Reporter and Author of the Money Distilled Newsletter.

Morning, man.

Well, basically, I just look at what's happening in the market.

And the oil price today is up.

So it must be a war on day.

I suppose that's one way to put it.

A state of permanent hubbub.

Yeah, I mean, I guess the problem here is that everyone wants an off-ramp, but the two sides can't agree on a satisfactory off-ramp.

Yeah, I think that's a good description.

Everyone wants one.

Honestly, I think that's a little bit too upbeat.

I don't know, people love a bit of doom and gloom.