Fox News conducted a poll last week [Data Here] asking about views on the economy overall. As would be expected the majority of Americans see the economy as the #1 issue right now.
When asked for their view on how long the issue of rising prices are likely to remain a problem, 65% of the respondants said a year or more, while 29% had a more short-term view.

It is very hard to see a short-term end to inflation, accepting the status of energy prices and the looming issue of much higher food prices later this summer and fall. In both the energy sector and the food sector the upward pressure on prices remains incredibly strong; perhaps the strongest ever predictable scenario for much higher prices yet to follow.
Fox News – […] Three-quarters say recent price increases pose a financial hardship for their family. And increasing numbers say they are a “serious” hardship. Higher grocery prices are a serious problem for 44%, up from 36% in February. Same story on gas prices: 44% serious hardship, up from 35%. (more)

That wildly conflicting set of data has led to a seriously frantic discussion about what is going on. Here’s my take…. The majority of the irreconcilable data can be reconciled on this one basic Main Street employment scenario that is never tracked, people are job jumping.



