Oh, I'm Dave Rubin. This is the Rubin Report. We didn't do a cold open for you today because

it's a somber October 14th, 2022, because the economy is in the shitter. And that's what

we're going to be covering today. I hope you've subscribed and tapped the notification

bell wherever you're watching the program. Guys, the theme today is, yeah, the inflation

situation, the economic situation, that whole money thing that kind of runs the whole show.

It is not in particularly good shape at the moment, Joe Biden is not helping. So we're going

to get to a little bit of that. And then we have a Rubin Report dot locals dot com Q and

A. So yeah, let's talk about inflation. We've got a quote here from Bloomberg, the core

consumer price index, which excludes food and energy increased from 6.6% from a year ago,

the highest level since 1992, Labor Department data showed Thursday. From a month earlier,

the core CPI climbed 0.6% for a second month. The overall CPI increased 0.4% last month

and was up 8.2% from a year earlier. The media forecast in a Bloomberg survey of economists

had called for a point 4% monthly rise in the core and a point 2% in the overall measure.

Okay, so if you're not big on economics, if you didn't do economics 101 in college, the

point is that these numbers are not good. Inflation is bad. We technically were in a recession

already. And now we're about to enter this third quarter of recession, even though they

have suddenly redefined what a recession means. A recession always before this administration

and the nonsensical media, that is part of this administration. A recession always was

two negative quarters of GDP, right? Gross domestic product. Now we are in Q3. It is negative.

We're technically in Q4. We just closed Q3 and it is negative. So the September CPI inflation

data that broke yesterday, that's what I'm reading to you there, it ain't good. That's

the general point. I don't like when we get lost in all these little percentages. But

...