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lost between 3,000 and $5,000 of purchasing power because of the high inflation. that s why you re getting the terrible numbers on the economy. americans feel it every time they go to the grocery store and the gas pump. neil: and in the market for a home. pending home sales slid in the latest period 20% a year over year basis. so this kind of reflects the same angst out there in the housing market. we ve seen new homes sales, existing home sales. so that is coming down from what it was. it s not nearly as bad as what it had been like during the meltdown a decade ago. how do you see things sorting out if at all? gerry? i think it s i think the fed is trying to walk steve is right. jay powell has been wrong for one of the worst policies the fed made in decades and saying that inflation was transitory