Welcome to the Eric Erickson Show podcast, Our 2.

Hello and welcome. It is Eric Erickson here across the nation. The phone number is 877-97-9-7-3-7-4-25.

Should you wish to be on the program, my buddy David Nicholas heads Nicholas Wealth Management here in Atlanta.

I'm one of his clients. He also has a show on WSP on the weekends, my flagship station.

But you have seen him across media outlets, mostly

Fox and Fox business. He knows what he's talking about, and I figured today is a day probably

need to get David on here to talk. David, how are you? Well, I guess you're having a busy day.

Yeah, yeah, not the best day, but I honor to be here, Eric. So, okay, let's talk about this in the wider range.

So inflation is up 8.3%.

They were expecting 8.1.

Even as gas is down 10%, core inflation is up.

What does this tell you about the economy right now?

Yeah, you're right. So prices rose 8.3% year over years.

You're right.

The good news is, yeah, gas prices are down.

The problem is everything else is more expensive.

I mean, I'm looking at this report, rents up, health care is up, food, groceries, restaurants.

I mean, Eric, you just look at like natural gas is up almost 4% month

over month. But that number, the 6% number core, their 8% number, it doesn't really paint

the full picture because if you look at like natural gas, I'm just looking at year over year.

That's up 33% year over year. I mean, that's just crazy. Even if you look at gasoline up 27, almost 30 percent,

year over a year. So where Americans are spending the most, it's much more than just a six

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