edgar jennings is joining us now. go ahead. >> do you know what the bigger issue is the bigger issue is we're going into a period a few short months where we had single digit inflation year on top of year on top of year, starting mid-2021 something that cost a dollar in 2021 will cost $1.25 and while that doesn't hurt at the upper socioeconomic spectrum, at the bottom, that is life changing. and we have heard that from the retailers this week as they told us that the shoppers are moving away from discretionary big ticket items that's a little bit more important than an average family of four feeling that type of crunch. >> there is no doubt that's why the fed chair is so passionate about the scourge of inflation and having to deal with it. i hear you on that edgar jennings joins the conversation ed, i think the takeaway from today in large part from those on our panel thus far is the soft landing and bullish narrative are dead how do you respond >> that's interesting. at the beginning of the year, as you know, the sof