Hello and welcome. It is Eric Erickson here. The Eric Erickson show across the nation.

The phone number is 87797-973-725. Should you wish to be a part of this year program.

Glad to have you. Well, there is one big story today, and it hit a little while ago, and we've got to

delve into it because it's kind of the big story. You know, the Democrats, I would love to

see the internal polling from the Democrats on what their mask mandate must say, because the Democrats are scrambling, and I do mean scrambling badly.

But you got to hear for context here, the conversation that occurred this morning on CNBC.

It was rather a big deal as Word hit with Rick Santelli.

In just a couple of seconds.

1.934 is where we're indicated right now, standing by at the CME in Chicago.

Rick Santelli, the numbers please I think they should be hitting right about now Yeah they're they're going to be hitting the screen right about now we're going to have initial continuing claims and of course our January read on CPI

223,000 on initial jobless claims, a bit lower than expected.

Still, the 188,000 from early December is the post-COVID low.

Not only that, it goes back into the late 1960s on continuing claims about as expected.

1,621,000. Of course course the best we've seen was at the end of December at 1 million 555,000

so sequentially both of those are a bit lower no revision jet here we go CPI headline number up 6 tenths of 1% up six tenths of one percent that equals our last look the high watermark on that was up nine tenths several times October of last year being the most recent if you strip out food and energy it was up six tens as well both these are hotter than expected and on the core side up nine

tenths to high watermark from April. So these were supposed to moderate. They did not moderate.

Now for the biggies, 7.5 on year over year headline, 6% on year over year core. Let's go to the whiteboard. So 7.5% and that is of course on

headline you have to go to 1982 to find a higher number and of course when we look at 5.5

on core, well 5.5 December of 21 was 5.5 so therefore we are equalling what we have seen last but no it came in

at 6%. So now we have to go down on the whiteboard to August of 82. That was Rick Santelli breaking the

news for people as this number came in is bad. It's real bad.

We have not seen inflation this bad since 1982 when the Reagan administration began rapidly

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