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The most trash survey continues to be trash, quelle surprise
15.8. klo 23.01
The latest U Mich 1-yr inflation expectations crept up to 4.9% from 4.4% last month.
But this is the odd thing:
➡️every single cohort, Dems, Independents, Republicans expect less inflation
➡️how does the total inflation line rise?
➡️maybe more "Dems" in the survey
Bottom line: highlighting why this survey is increasingly less reliable
PS: we know what has happened since 2022 --> buy the dip
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