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It s all on debt. so what happens is with government economics is that essentially we all pay for it, the middle class pays for it through inflation, interest rateses and taxes. neil: isn t inflation coming down? it is coming down. neil: you don t buy it. the question is will we rebound from here. the federal reserve has more work to do to kill inflation once and for all neil: when you say more work, more rate hikes beyond the one they re anticipating? the question i ask, what are they going to do. not what do i think they should do. middle class america is struggling. the federal reserve is going to try to bury it. they do want to get the interest rates down. they re going to do that. neil: so to soft landing here and that they can dodge a bullet or a crash or a recession or worse, do you buy that? i don t think they can. i think the narrative has been a soft landing is going to be coming. that s why the markets rise. we have to get away from that. ....

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