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His audiences know him as THE ”Inflation Guy.” In the inflation markets he is known as a pioneer. He is considered as the Expert to the experts in the world of inflation markets where true expertise is hard to find. In this podcast the Inflation Guy talks about the hidden tax, the insidious assault on your wealth, and how to defend your money. Have a question? Email InflationGuy@enduringinvestments.com
Episodes
Friday Apr 24, 2026
Friday Apr 24, 2026
The Inflation Guy starts with a general comment on where markets are and what to look for as we contemplate the next move. But the really meaty bit is where he talks about recent Fed research (finally concluding what the Inflation Guy has been telling you for years) about the skewness of the distribution of price changes in the CPI suggesting that maybe there is something more going on than a placid and obedient return to 2%...
NOTES
Is the Inflation Process in Advanced Economies Different After the Pandemic? (https://www.federalreserve.gov/econres/notes/feds-notes/is-the-inflation-process-in-advanced-economies-different-after-the-pandemic-20260330.html)
Skewness warrants caution as Trimmed Mean PCE inflation eases (https://www.dallasfed.org/research/economics/2026/0416)
Blog for this month’s CPI: “Inflation Guy’s CPI Summary (March 2026)” (https://inflationguy.blog/2026/04/10/inflation-guys-cpi-summary-march-2026/)
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An inflation-indexed currency you can now mint from our website: https://usdicoin.com/
Thursday Mar 12, 2026
Thursday Mar 12, 2026
Thank you for all the cards and letters. The Inflation Guy dropped in today, to talk about the AI Menace as well as yesterday's CPI report and the near-term trajectory of inflation. This is not a return to a full-time podcasting schedule, but it's at least a positive sign!
NOTES
Blog for this month’s CPI: “Inflation Guy’s CPI Summary (February 2026)” (https://inflationguy.blog/2026/03/11/inflation-guys-cpi-summary-february-2026/ )
Apollo-sourced chart on New Business Formation: https://inflationguy.blog/wp-content/uploads/2026/03/apollo-newbiz-formation-chart.jpg
Robert J. Shiller: Narrative Economics: How Stories Go Viral and Drive Major Economic Events (https://amzn.to/4lqIXFv)
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An inflation-indexed currency you can now mint from our website: https://usdicoin.com/
Thursday Dec 18, 2025
Thursday Dec 18, 2025
It's hard to believe we waited two months for that. The Inflation Guy pulls no punches here. Although he is a serious defender of the Bureau of Labor Statistics' CPI team, he did not mince words in talking about today's report. But it's still data, and the IG tells you what it means.
NOTES
Blog for this month’s CPI: “Inflation Guy’s CPI Summary (November 2025)” (https://inflationguy.blog/2025/12/18/inflation-guys-cpi-summary-november-2025/ )
Blog on hedonic adjustment “Why Hedonic Adjustment in the CPI Shouldn’t Tick You Off” https://inflationguy.blog/2025/12/10/why-hedonic-adjustment-in-the-cpi-shouldnt-tick-you-off/
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An inflation-indexed currency you can now mint from our website: https://usdicoin.com/
Friday Oct 24, 2025
Friday Oct 24, 2025
This CPI report is potentially unusual and extra-valuable since there is a chance there won't be a CPI released next month. It's a good thing, then, that the current data was a little softer-than-expected since that helps to lock in Fed eases (although the Fed doesn't really care about the exact level of inflation any more as long as it isn't clearly headed higher). Hear the Inflation Guy break it down this month, and savor it in case the BLS doesn't release the CPI next month!
NOTES
Blog for this month’s CPI: “Inflation Guy’s CPI Summary (September 2025)” (https://inflationguy.blog/2025/10/24/inflation-guys-cpi-summary-september-2025/ )
Blog on fallback mechanism for CPI: “What Happens if CPI Isn’t Released?” https://inflationguy.blog/2023/09/27/what-happens-if-cpi-isnt-released/
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An inflation-indexed currency you can now mint from our website: https://usdicoin.com/
Tuesday Oct 21, 2025
Tuesday Oct 21, 2025
The Inflation Guy was sorely tempted to title this podcast, "Two Beautiful Women," because he's not above being clickbaity. But he also cannot resist a pun, and that idea won. This episode after all is about AI, and one of the 'leakages' that people don't tend to think about but that is evident in the world at large when you look at how people are using AI. The Inflation Guy explains. He doesn't talk much about inflation in the episode - but if AI is exaggerated, then all of the people who say that AI will solve the inflation problem...are building their house of faith on sand.
NOTES
Blog for this month’s CPI: “Inflation Guy’s CPI Summary (August 2025)” (https://inflationguy.blog/2025/09/11/inflation-guys-cpi-summary-august-2025/ )
To Subscribe to Quarterly Inflation Outlook: https://inflationguy.blog/shop/
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An inflation-indexed currency you can now mint from our website: https://usdicoin.com/
Thursday Oct 02, 2025
Thursday Oct 02, 2025
But not 'Incompetence'! We didn't use the word 'Incompetence' in the title of the episode!
We have to admit, it was tempting. But of all of the examples of incompetence that spring to mind from the last thirty-five years the Inflation Guy has been watching markets and politics and economists, the current examples just don't rank in the top tier. Now, the COVID years...that was some good incompetence there! Not that we are nostalgic for those years.
Anywho, in this episode the Inflation Guy tackles three mostly-unconnected topics. The government shutdown, the question of whether rising GDP growth is inconsistent with weaker employment growth, and the uniqueness (or lack thereof) of current 'attacks' on the 'independence' of the Federal Reserve. Enjoy.
NOTES
Blog for this month’s CPI: “Inflation Guy’s CPI Summary (August 2025)” (https://inflationguy.blog/2025/09/11/inflation-guys-cpi-summary-august-2025/ )
Blog about “What Happens if CPI Isn’t Released?” (https://inflationguy.blog/2023/09/27/what-happens-if-cpi-isnt-released/ )
To Subscribe to Quarterly Inflation Outlook: https://inflationguy.blog/shop/
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An inflation-indexed currency you can now mint from our website: https://usdicoin.com/
Thursday Sep 11, 2025
Thursday Sep 11, 2025
In his role as middle-school cross country coach, the Inflation Guy is fond of reminding runners that they should "get comfortable with being uncomfortable." The same, it seems, is true of inflation! From the lens of median inflation, it has leveled out around 3.6% and there are no real signs and no real math that bring it lots lower any time soon. But more interesting perhaps is how the Fed reaction function has changed. Listen to the Inflation Guy explain why the CPI report should still be important to investors even though it may no longer be very important to policymakers.
NOTES
Blog for this month’s CPI: “Inflation Guy’s CPI Summary (August 2025)” (https://inflationguy.blog/2025/09/11/inflation-guys-cpi-summary-august-2025/ )
Blog about the Fed’s abandonment of the important part of inflation targeting: “The Fate of FAIT was Fated” (https://inflationguy.blog/2025/09/02/the-fate-of-fait-was-fated/ )
To Subscribe to Quarterly Inflation Outlook: https://inflationguy.blog/shop/
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Tuesday Aug 12, 2025
Tuesday Aug 12, 2025
For the first time in a while, core CPI exceeded expectations. For the first time in a while, core services and core goods both accelerated on a year-over-year basis. But what is not at all new is that median inflation is settling in the high-3% range, roughly 3.65% y/y with today's report. Get used to it! And get used to the Federal Reserve easing anyway...
NOTES
Blog for this month’s CPI: “Inflation Guy’s CPI Summary (July 2025)” (https://inflationguy.blog/2025/08/12/inflation-guys-cpi-summary-july-2025/ )
To Subscribe to Quarterly Inflation Outlook: https://inflationguy.blog/shop/
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Tuesday Aug 05, 2025
Tuesday Aug 05, 2025
How important is 30% of the CPI? How much should we care about the summary dismissal of the head of the Bureau of Labor Statistics? Is this a sign that the end of government credibility (okay, stop laughing) is nigh?
The Inflation Guy addresses these questions and also muses about the out-of-sync pendulums that are currently swinging in our economy and the effect of these on the overall outcomes.
NOTES
Video of spontaneous synchronization: https://www.youtube.com/watch?v=T58lGKREubo
Blog for this month’s CPI: “Inflation Guy’s CPI Summary (June 2025)” (https://inflationguy.blog/2025/07/15/inflation-guys-cpi-summary-june-2025/ )
To Subscribe to Quarterly Inflation Outlook: https://inflationguy.blog/shop/
To Subscribe for free to the blog: https://inflationguy.blog/
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Tuesday Jul 15, 2025
Tuesday Jul 15, 2025
It's time for the monthly CPI report! While the core CPI was another (small) downward surprise, the Inflation Guy in this podcast explains why the internals of the number (and the optics going forward, see Ep. 145) are actually not very good and that there is not at the moment any clear path to get to the Fed's 2% inflation goal. He discusses the policy implications of that - along with the effect of tariffs and of 'mass' deportations.
NOTES
Blog for this month’s CPI: “Inflation Guy’s CPI Summary (June 2025)” (https://inflationguy.blog/2025/07/15/inflation-guys-cpi-summary-june-2025/ )
To Subscribe to Quarterly Inflation Outlook: https://inflationguy.blog/shop/
To Subscribe for free to the blog: https://inflationguy.blog/
Interested in becoming a customer of Inflation Guy? https://www.EnduringInvestments.com/
Check out the latest and greatest cryptocurrency – stable in real space! https://usdicoin.com/