Hello, welcome to the bad vibes economics episode of Slate Money, your guide to the business and finance news of the week.

I'm Felix Sampone of Axios. My colleague

Emily Peck is also here. Hello, hello. We're joined by Elizabeth Spires. Hello. And we're going to

talk about bad vibes this week. We're going to talk about the bad vibes from the inflation report

that came out on Friday. We're going to talk about the bad vibes of gas prices.

We're going to talk about recession, whether it's here, whether it's coming. We're going to talk

about Larry Ellison, owning an island in Hawaii and what that's like. We're going to talk

about financial literacy in Missouri and also in the Marcy Projects in New York. We have a Slate Plus segment all about market

structure and stock trading. Thank you, Max, for sending in that question. We will answer that

question in Slate Plus. It's a fun show and it's all coming up on Slate Money.

So, Emily, can we talk about vibes?

Let's do it.

Let's get into vibes.

I need to come out here and glory in being wrong.

I always say, if you're never wrong, you're never interesting.

I was completely wrong when I came out a few months

ago and said inflation has peaked that 8.5% year-on-year inflation rate that we saw back in March,

I was like, that's as high as it's going to get because although other things like housing

are still going to go up, the main thing, which is energy prices,

is coming down. And so we don't need to worry about inflation ever being quite as high

as 8.5% again. Well, on Friday, inflation came in at 8.6% because energy prices are volatile.

And I forgot that what goes down can go up and gas prices at

...