Surveillance: Goldilocks Scenario with Levine
Bloomberg Surveillance
00:00
Do You Know Turkey Tatrasine?
There's a whole analysis going on now of the dajon average, of the inflation now versus the inflation back when i was eating turkey tatrazine at school. This inflation's different because essentially it's been driven on by commodities, but also on the service sector and the wage side. It's a different america, different economy, right? Totally different economy. We're not manufacturing bases any more. We're a service based economy. And so when the inflation is on the services side, it's going to be harder to get it down. Even as we've talked about the lower end consumer struggling, it is completely obvious that the higher end consumer is not just doing fine
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