The Disinflation of the Economy

Inflation was transitory after all, but I think it misses the point a bit at least temporarily an interim. We went through the fastest rate hike cycle ever right like 500 bits of of rate hikes in the span of You know nine 12 months something along those lines in 2022. Real yields you could still borrow at a lower rate than inflation that dynamic is flipped. The real economy doesn't actually bottom for a while when and it really it's almost like it's sparked by that first cut so everybody's kind of like you know Disinflation is here soft landing everything's great.