Anthony Pompliano

And at times, especially when you have something like this, it's going to lag behind because CPI hasn't gone higher yet.

We haven't got the report.

And when we get out, I mean, we just had the report for February and it wasn't higher because gas at the pump was still low.

So let's go back to core inflation versus headline.

And headline inflation is the one that I'm talking about only for one reason.

It is –

There's a reason why we have core inflation.

That was to strip out the commodity side.

We have a K-shaped economy.

Housing affordability is already a bad level.

We are not going to see shelter go up.

Wages are dropping.

We have deflation happening in probably the bulk of the economy.

So if the housing market isn't there, do you know how many things are in the CPI related to housing?

Like furniture, like everything that goes in a house.

That is a massive amount of dollars that gets spent when you buy a home and then to fill it out.

All of us use lots.

Same thing goes for utility.

Gas.

at the pump is higher but natural gas is actually down in the country so inflation is a weird thing and this is the reason why when i tell people i don't believe inflation is going to stay higher i do believe that oil prices have now reset to higher levels because they're not going back down we've done way too much damage and that's why