this is unbelievably wrong.

painful especially since we are looking

at the possibility of an economic

recession globally broken Miller says

the U.S debt crisis is worse than he

imagined the mainstream media is

fear-mongering like never before in fact

Nick T is telling us that three-month

annualized core inflation fancy word is

going back up oh my God is the chart

actually accurate is the mainstream

media accurate to be regularly

interviewing fear mongerers and

highlighting the depths of Despair that

are coming and taking advantage of

Americans ordinary hard-working

Americans who are not well versed in the

data they're being presented

probably in fact in this video we're

unfortunately going to have to tear a

new one into the mainstream media and

that is going to include Nick T of the

Wall Street Journal because I hate to

say it usually I like what he says but

boy oh boy he is blatantly wrong with

the chart that he's presented we're

gonna break all of this down in this

video this is a critical video on what's

going on with inflation because if you

misunderstand the concepts that I'm

going to break down in this video you

could be horribly Mis positioned no this

is not personalized Financial advice for

you you gotta look at this data and

figure it out yourself yeah I'm a

financial advisor yeah I run an actively

manage ETF and I got courses on building

your wealth I got all that oh yeah we

have a price increase tonight email us

for bundles at kevin.com that's going to

be the biggest price increase tonight so

make sure you get in before that but

look we gotta understand what's going on

because when the mainstream media

initially looks at soft inflation data

and then their first reaction is oh okay

what can we resort to to create more

fear you you know what they do they

start talking about El Nino I kid you

not Bloomberg is now resorting to

talking about El Nino because El Nino is

going to reanimate inflation that supply

chain woes are going to come back and

high prices are coming because of El

Nino now and if it's not El Nino it's

gonna be the banking crisis and if it's

not the banking crisis it's the debt

ceiling they've always got to Pedal use

some form of fear I understand the game

I get it I have dramatic titles

sometimes in the videos but every time

you look at my videos and you actually

listen to the content of the video

we break down what's actually going on

whereas you look at the depths of some

of these articles on in the mainstream

media the core of their argument is fear

that's the problem it's the Titleist

fear and the core of their argument is

fear

and I think they're purposely misleading

people and I think that's disgusting I

feel like the Bears are shocked that the

consumers are actually holding up and

look if the consumers were falling apart

I'd be the first to flip-flop and tell

you we're screwed I've done it before

I'll do it again

every single day I make like seven cups

of coffee and I sit here and I study

myself with my team you name it and we

go Are We Wrong every single day every

single day and I will be the first to

tell you but we need to understand

what's going on with consumers and I'll

tell you it's not what we expected look

at the beginning of the year we saw

household savings fall before the

pandemic household savings were like

five thousand bucks

then in January we were at 12 700 which

is like a huge boost right but that was

down from 13 700 so we saw a decline in

savings and that made people think okay

here we go all right savings are gonna

go down the bear argument is going to be

right we're soon enough going to see

people lose their jobs and then we're

going to have a massive earnings

recession and a slump that's yet to be

priced into stocks well what actually

happened was mind-blowing Bank of

America just released their 2023 survey

of consumers their middle income

consumers they say quote feel fairly

confident near term and have Financial

buffers to draw on should economic

headwinds start to blow harder in fact

not only do they highlight the strength

of spending of consumers and Airlines

and Food Services but they suggest that

consumers now have higher savings

balances than they did in Q4 in other

words savings balances have started to

rise again which if you actually look at

the St Louis fed and you look at the

savings rate it's true the savings rate

for consumers has skyrocketed 80 percent

since 11 months ago in June of 2022 in

June of 2022 the savings rate was 2.7

percent people were spending more on

credit and it was actually the same

month that we hit our technical

recession two quarters in a row of

negative GDP q1 Q2 of 2022. that's when

the savings rate was the lowest and

since then it's been in rebounding again

it's up 80 percent it's at 5.1 percent

and it's rising on top of the fact that

people have excess savings this is

leading some on Wall Street now to say

huh it seems like households are quote

coping with higher inflation on top of

that you have a bear like TS Lombard

they're always the bear that I go to

because they're usually so bearish in

addition to Morgan Stanley's Mike Wilson

what does TS longboards say

well Consumer Price pressures remain

elevated but have moved past their Peak

and inflation angst is more or less

quote old news

in other words normal hard-working

Americans are becoming convinced that

yes inflation happened prices went up

insurance for our cars and homes and

prices for groceries restaurants all of

these prices are up but that rate of

growth is falling which is what the

Federal Reserve cares about the rate of

growth falling unfortunately most

Americans misunderstand inflation

take this tweet from a conversation this

morning

Sam writes quote I am not seeing any

prices going down yet I'm not sure what

these reports are or where they get them

from

well first of all the reports are coming

from the Bureau of Labor Statistics

which we understand they put together

the CP lie we know okay yeah maybe the

data is rigged all right maybe it's just

designed to make Joe Biden look good but

then again his approval ratings are at

the lowest since a World War II of

presidents this far into their

presidential first term and uh let's

just say there's only been one president

that has had a lower approval ratings

and that was Reagan other than that

Biden is number two in terms of lowest

approval ratings right now so if if the

government's trying to rig the data and

make Biden look good

it ain't working now of course some

people are like oh well maybe the dad is

so so bad they don't want him to be the

number one worst president they just

allowed to read overdue

maybe but then you look at private

surveys like what's actually happening

with wholesale car prices s p or ISM

purchasing manager indices and you

reiterate falling prices or at least

that price increases are slowing now

that's a really complicated sentence so

I decided to draw it out what if I could

prove to you that inflation could go up

23.75 or prices could go up 23.75 and

the Federal Reserve would cut rates

you'd probably think that I'm crazy

you'd probably think there's no way in

hell well that's actually how a lot of

people start when they get into my

programs on building your wealth like

real estate zero to millionaire real

estate investing stocks and psychology

money or this AI program people like

what am I going to learn and then they

they listen to the lectures and they're

like I never thought about it that way

that's called an aha moment well

hopefully I could try to help you with

an aha moment right now so I drew it out

to try to make it simple to this Twitter

user Sam Sam this is dedicated to you

Sam

let's say you and your girlfriend

or boyfriend whatever you go to

McDonald's and you used to spend twenty

dollars on a meal but now it costs 21 or

it used to cost 21 in other words it

went from 20 to 21 then it went up to

twenty three dollars and then went to 24

and then it went to 24.5 and then it

went to 24.75 in other words prices

skyrocketed twice prices went up from 20

to 24.75 at a rate of

23.75 over this time period

23.75 that's insane now you might think

Kevin there's no way in hell with a

23.75 percent inflation set or or a read

of price increases of 23.75 that the FED

could cut rates there's no way

well there is see the Federal Reserve is

concerned with stable prices not low

prices they do not have a mandate to

give you low prices now that's

unfortunate that prices are higher but

that's just reality we have to talk

about fact and truth and the reality is

prices are higher and they're not coming

down at least not anytime soon so where

on this chart are there stable prices

well prices are stable over here and

yellow on the left and prices are stable

over here on the right and where on the

chart are prices unstable well in the

pink zone right where prices went up

five percent then 9.5 then 4.35 percent

but the stable prices are over here

where prices are rising at two percent

and 1.02 percent

and in the pink environment the Federal

Reserve raises rates in the yellow

environment the Federal Reserve reduces

rates the FED cares not about the

23.75 they don't care at all they only

care about unstable prices that's it and

once you understand that the Federal

Reserve doesn't exist to make things

cheaper for you they exist basically to

make rich people more Rich uh but once

you understand the game you could join

that right you understand that the way

to get rich in America is to own assets

businesses stocks and real estate that's

how you get rich in America it's very

simple once you understand the game you

can get started with like three percent

down on a house it's insane the tools

they give you to actually build wealth

in America and then people like open

mortgage insurance

so little Financial education it's a

problem in America but that's okay

that's why we have a channel and that's

why we're trying to provide insight so

what does this mean going forward well

it means a lot of consumers are very

confused about inflation they hear oh

what inflation's coming down can't can't

be true man my hamburgers are more

expensive my insurance is more expensive

yeah and that's true and those are the

same people who unfortunately don't even

realize what's coming

that disinflation will lead to rate cuts

and then they'll miss out on the asset

boom where prices of stock start

skyrocketing again they'll miss out

because they misunderstood inflation

it's kind of like when I pitched Open

Door in my course member live stream on

April 20th 4 20. and I told everyone

this is going to two or three dollars

from a buck 40. buck 50 right around

there and that's exactly what it's doing

right now because we actually looked at

the core fundamentals and we're like oh

my gosh they just burned the bondholders

real estate prices are going up Open

Door is going to kill it even though I

hate the company they're going to kill

it in the short term that's exactly

what's happening

that same kind of blindness it's what's

going to happen to people when they

don't adopt artificial intelligence I

mean consider what the financial times

this morning said they said that

artificial intelligence could boost GDP

by seven percent above what GDP is going

to be over the next 10 years globally

Global GDP boost by seven percent means

American GDP will probably go up 30

percent over the next 10 years that is

going to be a boon to stocks it is going

to be amazing for American stocks

however it's going to be bad for up to

300 million jobs the financial times

thinks up to 300 million jobs

could end up being exposed to automation

this is exactly why you want to start

learning how to incorporate artificial

intelligence into your productivity

cycle and join those courses on building

your wealth get lifetime access to them

link down below email us for bundle at

kevin.com if you don't need a bundle

check out right away

because you want to get in before that

big price increase it's coming tonight

so where are people spending money and

what does this mean for CPI why is Nick

T wrong then

well first of all people aren't spending

money on meat literally Tyson Foods

thought their business would be

resilient and that you know they'd have

strong pricing power because meat is

inelastic oops apparently meat is

actually an elastic business which means

people spend less when prices go up now

all of a sudden Tyson's beef business is

considered to be struggling even as

cattle prices are really high because

Supply is down so cattle is expensive

because Supply is down but they can't

sell meat at higher prices because

nobody's buying it anymore well less

people are buying it instead people seem

to be spending money on luxury air

travel with more people looking for

perks in first class travel or booze

coming back to Airlines

and less people are spending money where

the media is telling you there's pricing

power the media told you just a few days

ago that Nestle has pricing power that

they raise prices on kitkats by nine

percent

while reports are now coming out that

consumers are actually skipping snacks

and grocery lines more they're spending

more money on experiences not on those

kitkats but then again media lying to

you is not a surprise so what did we

learn from Nick T Nick T just posted a

chart that said core CPI is up on a

three-month annualized basis and

obviously if Nick T the fed's mouthpiece

is talking about this this is concerning

right

well there are two problems with Nick

T's chart from The Wall Street Journal

mainstream media same corporation that

just fired Tucker Carlson Tucker Carlson

by the way now bringing his show to

Twitter which I by the way think is

absolutely brilliant I personally think

on a tangent here that Tucker Carlson

could probably 10x his income by going

to Twitter if his contract was 35

million dollars and he gets a million

subscribers on Twitter paying him 10

bucks a month he's looking at 120

million dollars that's almost triple his

income on top of that he would keep

sponsor Revenue he could potentially 5

to 10 x his income it's absolutely

brilliant but let's analyze what Nick T

said on Twitter so he told us well the

six-month rate of inflation is 4.8

percent but the three-month rate of

inflation is 5.1 percent oh my gosh

that's an acceleration oh fodder for the

Bears the Bears are like oh yeah oh give

me that tweet um so good so delicious

they say two problems with the chart

one the chart is partly propped up by a

4.4 rise in used car data

4.4 rise in used car data that sounds

bad

well it sounds bad but Wall Street is

already looking right through that

because if you actually look at the last

four months of wholesale used car prices

they're plummeting

a lot April was one of the biggest

declines year over year in used car

prices why isn't that showing up in CPI

data because the CBI lags a lot

and so that means prices are actually

falling so yeah some of the data lags in

the CPI report but this has been the

problem for a very long period of time

the CPI data is lagging fortunately it

is falling so it's obvious even with it

lagging it's falling but let me try and

experiment with you let's take Nick T's

5.1 compared to that 4.8 right let's do

one adjustment to it let's just remove

used cars well if Nick T's chart says a

three-month annualized inflation is 5.1

percent then the way he achieves that is

you could take 5.1 and divide it by 4

and then you'll get how much they're

multiplying an average three month

inflation by right so they're taking

1.275 for a three month period and

they're multiplying it by four and

they're getting to 5.1 okay well quick

math if we take 11.4 basis points which

is how much used car prices went up in

this last month

we multiply that by three assuming zero

impact from used cars

not even deflation yet then what you're

going to do is you're going to subtract

from this

0.34 minus

0.342 to be exact okay 1.275 minus 0.342

what do you get you get

0.933 multiply that by four to get back

to an annualized figure and what do you

actually have not 5.1 percent but

3.73 in otherwise in other words the

annual rate of inflation on Nick T's

chart if you just removed this big surge

you got from used car prices which we

already know used car prices are falling

would actually be substantially lower on

all accounts on Nick T's chart so once

again looking at lagging data but folks

it's not just used cars look at housing

which historically lags not only does

housing historically lag but housing

accounted for sixty percent of the

inflation we just saw in this inflation

report

now this isn't to say that high rents

are a good thing but rent growth is

slowing in fact rent growth slowed to

the lowest level since July of 2022

which is exactly what Jerome Powell told

us to look at he told us to look at

Services X housing which is the most

important part of what the Federal

Reserve is paying attention to and that

number came in at just

1.36

annualized that's nothing here it is on

the chart

well below two percent in fact some are

going as far as saying whether you look

at some good segments like Apparel News

or Services segments housing Leisure

Hospitality they're all indicating

softening pressure hotel rates fell at

their largest rate in the last 20 years

personally I think that has a lot to do

with Airbnb this morning in the course

member livestream we reviewed the

fundamentals of Airbnb in in the

dramatic pressure the company is now

putting on Supply and marketing that is

Airbnb is trying to do everything they

can to get more people into Airbnb to

list properties on Airbnb but that's

going to have the effect of forcing

prices down so they can get their nights

booked up a very important metric for

their stock their stock is falling

because Knights booked fell

now unfortunately if you increase Supply

you're going to squeeze prices down

which squeezes the profit for hosts

it actually potentially hurts the whole

point of doing Airbnb which is to make

money but now you're squeezing that out

and you're potentially creating an even

worse service which I'm not the biggest

fan of the service you often get on

Airbnb I think it's very inconsistent

now obviously one report from Airbnb or

one CPI here report does not make a

trend but let's put it this way the

consumer is still strong and it's

actually strengthening not weakening

which is mind-blowing per Bank of

America survey on top of that housing is

recovering which is bullish for our real

estate startup and if this trend

continues for the next four months by

let's say September 20th 2023 mark this

date and hold me to it by March 20th

2023 if we stay on this trend I believe

the Federal Reserve will initiate their

first 25 basis point cut if we have four

reports like this this one and three

more we'll get a 25 BP cut

what do you think stocks are going to do

at that point

thanks so much for watching if you found

this perspective helpful consider

sharing the video check out the programs

I'm building a rough link down below and

we'll see in the next one now I want you

to know this when it comes to AI

time is what's going to make you money

and if you can prove that value to an

employer you'll always be able to be

employed so this is another way of

making sure that you don't get replaced