Neal Freiman

Yeah, the shelter data was what economists did pinpoint as the biggest red flag here.

because they basically zeroed out shelter for October because they couldn't collect it.

So they basically said there was no inflation in rents at all in October, and therefore there was just no growth in shelter costs at all from September through November.

Shelter makes up three quarters of the entire CPI, and that was one of the main reasons that it was brought down to these low historical levels compared to previous months and years.

So that shelter cost, if you talk to an economist, they're like, that is the one thing that really...

showed me that this CPI report was something that we should probably take with a huge grain of salt.

And we need to wait for December to have a better understanding of what inflation is doing in this economy.

This shutdown had huge effects.

I know.

I mean, 43 days and basically you learn how this data is collected.

These people at BLS go out to stores in actual main streets across the United States and just look at what the prices are on the shelves.

And they didn't do that until the second week of November until the government announced.

was reopened again, and they weren't able to do that, and therefore we don't really have a great picture of what inflation is doing.

Interesting.

Okay, history is full of examples of pivots.

Netflix went from DVDs to streaming.

Adam Sandler is now a respected dramatic actor.

But none may top the news yesterday that Trump Media and Technology Group, the parent company of Truth Social, agreed to merge with a nuclear fusion company.

Yesterday, everyone led a collective, huh?

when Trump Media announced a $6 billion deal to combine with TAE, a Google-backed company that wants to smash atoms together to generate infinite amounts of clean energy.