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Like what Y-charts data are we looking at today?

All right.

What we're looking at is a chart for the age has been, and I do not use those words lightly.

For the past 40 years, interest rates and inflation have both gone from the upper left

to the lower right.

They've both gone down.

And now we're in this really weird period in time where even though interest rates are

rising, which I think we have a chart of the two year in here later for today, the

10 years now above 2%, but inflation is so far ahead.

And for a little bit, they were both rising at the same pace and then rates basically

just sputtered out.

Yeah, they've been rising a little bit, but isn't it funny when you see prognoscators

say interest rates spike today and it's like a 10 basis point increase or something.

It seems so small, but I guess that's a relative basis.

The big question is, is the Fed able to navigate this sort of soft landing where we can

have inflation moderate without going into a recession?

Which I don't think, not that there's that many examples of this, but Tim Dewey on

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