And according to the markets, it came out hot.

Now to be clear, the CPI number went down,

but it was higher than expected,

and the core, I think, even rose. So a lot of the participants in the marketplace

right now are saying holy cow. Number one did the Fed make the biggest

mistake of all time by dropping 50 basis points and now

maybe they're going to have to pause in fact or maybe even ask you a question as to whether or not they're going to have to hike rates in the very near future.

So let's check out the details and go over what's happening to markets.

And then let's go back and take a walk through history to give us some context as to what is actually

happening right now and maybe more importantly the probabilities of what may happen in the future.

Okay, so let's start with CNBC title inflation hit 2.4% in September. Yeah, okay? And this is a bit like zero hedge. I've noticed, I love

zero hedge, but I've noticed they are so unbelievably bullish on inflation, not just inflation, like hyper-inflation.

Like they have their list of priorities that they want to see happen.

You know, a lot of times are very bearish like I am,

so they're predicting a recession,

but inflation supersedes recession for zero hedge.

They would much rather say that no, we're not going to have a recession

if they could somehow claim that we're going to have hyper-inflation.

So what was funny, and what's weird is,

is seeing the same thing here.

They're making it seem like, you know, inflation

hit this number, like we've accelerated into this new number.

...