Inflation Drops Again… And Other Predictable Data

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6 • 658 Ratings

🗓️ 25 January 2023

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

Amazing Inflation Update: 6.5% ... zzzz

This inflation number is not a surprise to anyone. We all saw it coming. Inflation drops again and we should expect this to continue for a while. Here are some surprises you may not have heard before...

For more information, visit the show notes at https://moneytreepodcast.com/inflation-drops-again-471

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Douglas Heagren | ProCollege Planners

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Transcript

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0:00.0	Welcome to the Money Tree Investing Podcast.
0:04.0	Stock market, wealth, personal finance, value stocks, invest in your life.
0:10.0	Hello, Smart, Money Tree Podcasts listeners. My name is Kirk Chisholm.
0:14.0	Today I'm joined with my good friend Doug Hey, Doug. How's it going?
0:17.0	Hey, Kirk, I'm doing better today. So if everybody is watching, they can see that I'm totally
0:21.1	blurry and fuzzy, which is a continued issue with my, I don't know what's going on with the drivers.
0:25.8	But that was my whole day yesterday. I actually had to cancel meetings yesterday because my left
0:29.9	eye basically went blurrier than this, but yet fogged over like I was trying to look through
0:36.0	Gladrap. I thought I had a detached retina,
0:38.8	but it turned out there was a corneal inflammation. I don't know. All I can say is I have a new
0:44.2	appreciation for all those pirates that used to walk around with a patch over their eye because
0:48.0	it was a long day. I don't know, Doug. I'm looking at you and I feel like it's a bad day to stop
0:51.9	drinking. So for those of years, I haven't watched
0:55.6	airplane. So let's just get started. A lot of stuff's going on. Let me just put this in context.
1:03.0	I know we had a new CPI number out. Recently, it is down to six and a half percent, which is probably
1:09.4	a surprise to a lot of people. They probably think,
1:11.4	hey, things are going back to normal. It's great. CPI is six and a half percent. Tomorrow is
1:16.5	going to be six and it's going to go down to two. We're going to be great, right? What do you
1:20.8	thoughts, Doug? Are we on a glide path to a soft landing or what's going on? My first thoughts is I'm glad I'm not Great Britain. They just drop down
1:28.1	to 10.5%. I mean, I think the perspective on this is the hard part because it may feel good that
1:34.7	we're down to six. And obvious being down to six is an improvement over where we were.
1:39.0	Anybody out there understands the rule of 72. Basically, you can take 72 divided by any type of interest rate. It'll tell you how long
	...

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