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The Economist just put out a phenomenal piece on inflation were going to touch on exactly whats in this piece and were going to talk about how this relates to the Walmart and Home Depot earnings calls what did they have to say and uh their numbers where are people spending money where are people not spending money and is it possible that the tool that we could use to predict inflation is something that most economic forecasters have actually not been using and maybe if we start using it we could actually see the true expectations for inflation that are potentially a lot more accurate than what weve been using because who remembers of course oh dont worry inflation will be transitory now dont worry the transitory folks might still end up winning the war but so far theyve mostly and highly embarrassingly lost the battle but theres a particular tool that might give us an idea of how inflation is going to act in the next few years but first lets get started with this piece from T