Okay, Pomp, we had two hot inflation reports this week and you have been writing a lot about how affordability and cost of living will be the biggest thing for the political side of the economy. What's going on here? Well, I think that cost of living is what people actually care about. They don't care what's going on in Iran. They don't care what's going on in the geopolitical conflict between China and the United States when it comes to technology. How does that put food on my table? Does I make sure I got more money in my bank account?

How does that put food on my table? How does I make sure I got more money in my bank account? How does that make sure that I feel like I can do the things I want to do on a day-to-day basis? It's all about the lived experience. And while plenty of people in Silicon Valley or in Wall Street, you know, we talk about all of these, you know, kind of much bigger ideas, these longer term trends, the data,

the competition, geopolitics, these like intellectually stimulating ideas. The end of the day,

if you're living anywhere in this country, whether it's on the coast, in the middle of the

country, if you're living in the south, anywhere, all you care about, can I put gas in my truck to go to work? Can I feed my kids? Can I take

my wife out on the weekend to go on a nice little date? If I see something on the internet that I

want, can I buy it? And do I feel like I got enough money in my bank account that I'm going to be

all right? If you could do

that for people, they're very interested in your policies. But if they feel like they can't have

that life or have that security or have those opportunities, then they want change. And I think that

affordability right now is a huge debate. And unfortunately, a big part of the country is turning towards socialism

because they're basically saying, this system doesn't work for me in terms of capitalism.

And so I think right now the Republicans have a very specific mandate. Affordability is getting

worse. You're going to get your clock cleaned in November unless you get affordability in a better spot. And the hard part about affordability in a short period of time is the data might get better, but the psychology doesn't. And so you saw this with Biden, is even after inflation had turned over and come down a little bit, people are thought, yeah, this stuff is expensive. I don't care what your data is telling me,

what you nerds are doing with your calculators, right? All I know is I go to the grocery store

and I buy not a lot of food and it's $100. That used to not happen. It's just psychologically,

people are just saying it's too expensive. And they don't care about the inflation rate.

They just care about what is the nominal price I'm paying.

And I think that that is a huge problem here going into the second half of the year.

So we got to get inflation to subside.

And we got to get affordability in a better spot for every single American.

So I think one disconnect here too is that President Trump, whatever he may be doing on the

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