11/14/23: Inflation was ZERO last month, Fox defends Trump Nazi comment

The David Pakman Show

David Pakman

News, Politics

4.8 • 6.2K Ratings

🗓️ 14 November 2023

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

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Summary

-- On the Show: -- New inflation numbers show zero inflation last month, lowering year-over-year inflation to 3.2% -- In the wake of the Clarence Thomas ethics fiascos, the Supreme Court adopts a code of ethics with no mechanism for enforcement -- Failed Arizona Republican gubernatorial candidate Kari Lake is confronted by former David Pakman Show guest Republican Tim Miller -- Jacob Chansley, a Trump rioter also known as the "Q-Anon Shaman," is running for Congress -- Fox News host John Roberts defends Donald Trump's Nazi-like "vermin" comments by playing the "both sides" game -- Donald Trump's allies have a list of dangerous loyalists for a planned fascist power grab if Trump becomes President again -- Donald Trump Jr testifies again in the Trump civil fraud trial in New York, a decision that could backfire badly -- Shocking Donald Trump audio from interviews with ABC's Jonathan Karl reveals some disturbing beliefs -- Donald Trump's lawyer presents faulty evidence in court that appears to prove the entire case against Trump -- Voicemail caller wonders why there is no Democratic primary given that Joe BIden's polls are "so low" -- On the Bonus Show: SCOTUS rejects appeal of prisoner kept in solitary confinement for 3 years, Thanksgiving shutdown sets up nightmare travel scenario, latest COVID variant is "highly contagious," much more... 🔊 Babbel: Get 55% off your subscription at https://babbel.com/pakman ✉️ StartMail: Get 50% OFF a year subscription at https://startmail.com/pakman 😮 DealDash: Use code PAKMAN for 100 free bids at https://dealdash.com/pakman 🛌 Go to https://helixsleep.com/pakman & use code HELIXPARTNER25 for 25% OFF + 2 free pillows 💻 Get Private Internet Access for 83% OFF + 4 months free at https://www.piavpn.com/David 🛡️ Incogni: The first 100 people to use code PAKMAN will get 60% off at http://incogni.com/pakman -- Become a Supporter: http://www.davidpakman.com/membership -- Subscribe on YouTube: http://www.youtube.com/thedavidpakmanshow -- Subscribe to Pakman Live: https://www.youtube.com/pakmanlive -- Follow us on Twitter: http://twitter.com/davidpakmanshow -- Like us on Facebook: http://www.facebook.com/davidpakmanshow -- Leave us a message at The David Pakman Show Voicemail Line (219)-2DAVIDP Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	And the The stock market today bursting on the news of significantly lower inflation Now I know this is going to be highly
0:26.1	triggering to certain people in the audience who will write in and say but David
0:30.8	haven't you seen the price of eggs but of course we don't measure inflation by the price of eggs.
0:34.0	But of course we don't measure inflation by the price of eggs that one person sees in one
0:39.9	grocery store and these are remarkable numbers. Zero inflation last month
0:47.3	lowering year over year inflation to 3.2 percent, the lowest year over year inflation number in about two years and
0:58.5	starting to get down, starting to get down to that rule of thumb two to three percent inflation that is believed
1:08.8	to be healthy and expected and desired in a standard classical understanding of macroeconomics, which has its limits, but I will explain.
1:19.8	Let's do three things in this segment.
1:21.8	Hopefully these are useful.
1:23.3	I'll tell you what the news is.
1:26.0	I will tell you why a little bit of inflation
1:28.7	is considered desirable, and then we will talk
1:30.9	about the Consumer Price Index.
1:32.2	Or maybe we'll do the consumer price index first.
1:34.0	So here is Yahoo Finance. Consumer prices unchanged in October.
1:40.0	Core inflation rises at the slowest pace since September of 2021 more than two years ago.
1:47.0	Consumer price index, consumer prices were unchanged from the prior month in October
1:52.0	as a drop in oil prices dragged down headline
1:54.8	inflation while core inflation rose at the slowest annual pace since September
1:59.8	of 2021 the CPI showed prices rose 0% over the last month and 3.2% over the prior year.
2:09.9	That's a deceleration from prices up 0.4% in September and 3.7% in the year ending in last September.
	...

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