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Hello and welcome to another episode of the Odlots podcast. I'm Joe Wyesenthal.

And I'm Tracy Alloway. Tracy, you see that inflation print that we just got, that CPI print?

I did. I logged on the terminal, especially at 830 in the evening here in Hong Kong to watch it.

And it looks like we're seeing moderation in the pricing increases.

Yeah, so we are recording this on August 11th, and we just had the latest CPI report.

And indeed, it did show some moderation, particularly on a sequential basis.

Inflation readings, the CPI have been quite elevated lately by historical standards,

and there's this whole debate about whether it's transitory or some sort of new regime,

and what's causing it, and so forth. We'll get into all that. But at least for this one month,

and at least I got a sequential basis, we definitely saw a bit of a deceleration used car

prices, which had been absolutely soaring. It finally looks like that whole thing is topped

out a little bit. Yeah, and we've had such a heated debate over whether or not inflation

is transitory or something more permanent. And I think the vociferousness of that debate

kind of hints at something wider and more fundamental about the economic situation right now,

...