You Can’t Deep-Dive a Shallow Pool: The Real Inflation Story Wall Street Won’t Tell

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A deep dive, deep, deep dive into the inflation numbers. That was what I was asked to do today. Do a daily television hit every single day in San Francisco, Oakland area. And they asked me, Chris, we need you to take a deep dive into the inflation numbers. And I’m like, boy, that’s not it. You can’t take a deep dive into the shallow end of the pool. So you hurt your head because that’s what we have. The numbers here that they gave us. And again, we got

2.7 % CPI, 2.6 core versus 3.1. Everybody’s like, wow, look at that. Woo-wee, numbers are down. Yeah. I took a look at these numbers and there’s a lot of blanks. A lot of blanks on this page. You can’t take a deep dive. As far as, well, comparing October.

to November, you’re only a couple things you can see year over year, right around 2.7%. There’s also some concern when they collected this data was the latter end of November, it’s when you have all of the sales that come online. We’ll take that. And we’ll put that aside. BLS. Everybody’s asking all the BLS about this stuff. I call it the BS Bureau of Labor Statistics. I call it bullshit.

Bullshit number, they’ve always been bullshit. Okay, I’ve covered this for years here on the program. Even at two points, we’ll say these numbers were lickety split perfect. The BS did a fantastic job. Have wages kept up with this? No, no. So again, let’s just say you take two steps forward, three steps backward, and let’s not even factor in.

the tariff numbers, and I’ll get into those in another podcast. Anyway, I want to explain to everybody the reality of inflation. I have an opinion, it’s not a popular opinion, because it goes against the watchdog and Wall Street axis of evil and the powers that be. Someone I have a great deal of respect for economist Judy Shelton, she happens to think the same way that I do. Interestingly enough,

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Donald Trump appointed Judy Shelton to the Federal Reserve in his first term, and she was rejected. She was rejected because she makes sense, kind of like Ron Paul, they just make sense. And we can’t have that. We can’t have that Washington DC. I happen to agree inflation should be zero. That’s what she agrees. I mean, we’ve all settled it has become conventional wisdom. Conventional wisdom and conventional wisdom is poison that we need to get inflation down to 2%.

Why? The value of the dollar is a unit of measure. Really, that’s it. It’s a unit of measure, like calories, like yards and feet and Fahrenheit. It’s a unit of measure. It shouldn’t change, should it? It shouldn’t change, but it has.

I’ve had Markowski Investments for 30 years now. And since we started Markowski Investments, the value of a dollar has dropped by 54%. 54%. Now, people call me a, you know, it’s fine, I don’t care. You know, raving lunatic with the ideas that I’ve talked about here on the program and the

big firms, Markowski isn’t what he’s doing. Got to go with the 60-40 portfolio. I’m like, are you nuts? I laugh at these inflation numbers that they put out. I know it’s what the Fed goes with, but let’s be honest here, people. Inflation numbers that really matter, the ones that you have to spend money on every single day. I mean, the administration was touting yesterday the fact that

Hotels are down and airfares are down a little bit. That’s nice, that’s great. But it’s not essential. The only thing that really matters, really matters, and this is what people are waking up to because it ticks them off, is the bare necessities. Yes, the stuff that you have to buy to live. Every single, you can’t go without in a modern society. You have a car.

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You have to have car insurance. You have a home. You have to have home insurance, health insurance, food, electricity, oil to heat your house, whatever it may be, all of the bare necessities, things you’re buying on a regular basis. That’s what hurts. That’s what hurts. know, if it gets too expensive to go to Disney, well, you know, that sucks. You can’t go this year.

You know what, we’ll do a staycation somewhere else. But it really doesn’t affect the way you live. And that’s the issue. Again, the powers that be, whether they be a donkey, whether they be an elephant, they want to continue to live their charm lives, to continue to print money and borrow money and spend money that we don’t have. They want to continue to put it on my kids.

And God willing someday I have grandkids, their credit card, which again, quite frankly, it’s like a bad Jerry Springer show episode. And we’re all okay with that. Right, they’ll look you right in the camera. Oh, we need to do this in America. Mike Lawler, we gotta do this for the people of Hudson Valley. gotta extend COVID era Obama subsidies for three years. Dude, that’s a half a trillion dollars, you schmuck. You wanna do that? Why don’t you cut? Why don’t you find cuts in the budget?

of a half trillion dollars. Now you don’t want to do that. You just want to get yourself re-elected. Here you go. I’m giving away cash. And that’s the reality. OK?

Everything that we’ve told you for the past 30 years, I’m sorry, people. And again, I’m not lifting myself by this and I’m not tooting my horn, okay, has been accurate in regards to how to structure portfolios, the nonsense with the 60-40 portfolio, the idea that cash is trash, okay, all of these things. You think things are better right now? What are we, $1.2 trillion in interest payments at this point in time?

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I mean, we’ve gone further into debt, we continue to go further into debt, nothing is being done about this. And quite frankly, that’s job one. Again, that should be our priority. Again, I talked about priorities, there’s no such thing. Priority, balancing the budget. You want mortgage rates to go down, you want a better life for your kids down the road. That’s how you do it.

Watchdogandwallstreet.com.