daniel alpert of westwood capital is with us. the cocreator of the u.s.-sector job quality index, economic metric that measures the higher wage versus lower wage. always nice to be with you. your general characterization of the inflation picture as it stands today? daniel: the interplay between the employment situation and inflation story is the biggest issue facing both markets and policymakers. this is a very complex story because people are worried that we will enter into some sort of wage price spiral condition, which i don't see happening. quite frankly, the uniqueness of this post-pandemic period, plus the emergence of this war in ukraine, really presents us with some unique conditions we have never experienced before. a lot of the temptation to look at the current situation and say, is this wage pump we have seen over the last 12 months one and done, or is at the beginning of something that will go on much longer? still an open question for most people, but we will start to see where that comes out over the coming months. matt: the concern is that