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Welcome to the Eric Erickson Show podcast, Our One.

Hello, America. Welcome. It is Eric Erickson here across the nation. The phone number 877-97-9-373-4425. Should you wish to be on the program, delighted to have you, as always.

You know, this is one of those days where I got up.

I prepped the show.

I knew what I wanted to talk about.

And, well, then the inflation numbers came out.

And suddenly I got to talk about important big news of the day before I get into all the stuff I wanted to actually talk about.

Right now, the Dow Jones is down about 450 points.

The NASDAQ down about 222 points, S&P 500, which had crossed over 5,000, is now down to 4964, down 57 points.

Why?

The inflation news, it doesn't look like there's going to be, well, any real movement by the Fed to cut interest rates because of how inflation is coming in.

Let me give you some perspective here, just so you understand where this is trotting out.

This is the coverage at CNN with the White House Economic Advisor, Mr. Bernstein, who seems to be happy with the economic news.

This morning, another sign.

...