Hello, fellow rebel capitalists. Hope you're doing well. We had some inflation data come out today.

And I think you're going to be surprised by not just today's inflation data, but maybe more so yesterday's GDP revisions.

I think I've uncovered a bit of a conspiracy theory, if you will.

And oh, by the way, gold's at all time highs. So we'll talk about that as well just in a minute.

But first thing, let's start by going over what was expected. So we had the PCE come out,

the core PCE is another, I guess this is the Fed's preferred inflation

measure, let's say.

So what we were looking for as far as the PCE right at point two, which is what we got, last

month, point three, today, point two. So this isn't

really surprising, not really shocking, but it is when you compare it with the GDP yesterday.

So again, more on that in just a moment. But pretty much everything was in line.

Now, I also want to point out that the core PCE has gone up.

So last month, 2.8, this month, 2.9.

And the other readings are pretty much flat.

So if anything, then when you just look at the PCE and the core PCE, the trend is higher month over month.

The trend is higher.

Okay.

So now let's go ahead and go back to yesterday, where we had the GDP first revision come out and exceed expectations substantially.

So all of the talking heads in the mainstream media and the people that are in the Trump administration and whatnot, they can point to this number and say,

wow, look at this. I mean, how can anybody claim that the economy isn't booming? So all of the policies

and everything that we're doing and the big beautiful bill and blah, blah, blah, blah, all this stuff.

It's obviously stoking the economy economy it's running on all eight cylinders

...