December 6, 2024 • 7 mins
The Markowski Inflation Index Has Been Spot On! www.watchdogonwallstreet.com
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
Don't doubt me.
Speaker 3 (00:17):
The Markowski Inflation Index has been spot on for twenty
five years Nowhi again, Markowski Inflation Index. I used to
call it the Bear Grillis inflation Index, after the SAS
officer who had that great television show where they would
(00:40):
drop him off in some god forsaken wilderness and he
would show you how he would survive. He's awesome, he
really is. He's actually he Now he's involved with the
Hallo the Catholic prayer app which is just awesome as well.
But anyway, the reason why I called it the bear
Realis Index, and I'll call it the Markowe Ski Index.
I was just messing around, is because Bear Grillis had
(01:05):
to get dropped off and he had to find stuff
to survive on. And to me, what's always been most
important when it comes to inflation metrics is what do
people spend on the things they have to survive on?
And years ago I was on some program and arguing
(01:28):
about inflation, and everybody was talking about our inflation's really low,
and I'm like, yeah, yeah, yeah, that's great.
Speaker 2 (01:34):
You know, televisions don't cost a lot of money, but
you can't eat a TV.
Speaker 3 (01:41):
Here are the numbers going back to two thousand, going
back to two thousand. Overall inflation is up, and this
is government numbers, so it's worse seventy four point four percent.
But let's take a look at select consumer goods again,
(02:04):
things that are really important. Hospital services since two thousand
is up two hundred and twenty percent. College tuition is
up one hundred and eighty percent. College textbooks are up
one hundred and sixty five percent.
Speaker 2 (02:24):
Did you know.
Speaker 3 (02:25):
Paper become more expensive at college textbooks? Do they even
really need them anymore with the computer age? No, no
they don't. But publishers write nice checks and whatnot, and
they want to be kept in business.
Speaker 2 (02:41):
It's a scam. It's a scam. We all know it's
a scam.
Speaker 3 (02:45):
Medical care services are up one hundred and thirty percent.
Childcare and nursery school up one hundred and ten percent,
food beverages, and housing.
Speaker 2 (02:57):
This is government numbers. We all know it's worse.
Speaker 3 (03:00):
Up over ninety percent, new cars, twenty percent, household furnishings
fifteen percent. Clothing is flat yep, but that's okay. We
got some things that are cheaper. Cell phone service that's
actually down by about forty percent, computer software down about
(03:21):
sixty percent, toys down about sixty percent.
Speaker 2 (03:25):
TVs yep, TVs the TVs you can't eat are down
about ninety percent.
Speaker 3 (03:31):
What does this tell you? What does this tell you?
What I've been saying for some time, what we're we
telling you. When they were saying, oh, inflation is low,
it's great, I'm like, no, the cost of living in
the United States continues to go up in the most
important things, the things you need to survive on. I
(03:53):
have this conversation a lot with people I'm always asked about,
you know, They're like, oh, you went on vacation. We
do a family vacant I think the family vacation thing
is over for the Markowski three kids in college this
past year. My eldest son didn't go because he was
(04:14):
working and had an internship.
Speaker 2 (04:16):
And I kind of.
Speaker 3 (04:17):
Said, you know what, Mabe, we're gonna you know, we've
been doing this, you know, since they were little. Since
they were little, we would always take August. The first
few weeks in August, we're going vacation together because most
of the entire summer they were playing sports and going here,
there and everywhere. So as a family, we were ever together.
So we would all go together on vacation. And it's
(04:37):
going to stop because again the kids have got other
things to do. And I said, next time we do
a family vacation, you're all going to have significant others
and I'll be taking grandkids along.
Speaker 2 (04:45):
But anyway, neither here nor there. Okay.
Speaker 3 (04:48):
People always say you always go on these uh these
really you know, these fancy vacations.
Speaker 2 (04:55):
It costs all of this money.
Speaker 3 (04:56):
I'm like, really, yeah, okay, it's you know, a flight
to Greece. We go there basically every summer, not every summer,
but go there often. Flight's expensive, sure, sure, without a doubt,
but we know what we're doing.
Speaker 2 (05:16):
We're there.
Speaker 3 (05:17):
The places that we stay at not so much, not
so much, very reasonable and better. Yet the cost of
food very in expensive. And I try to explain to people.
I said, if I was gonna take my entire family
of five and oftentimes I'm bringing some of my kids
(05:39):
friends with US two. You think it's going to be
cheaper if I go to Aruba or you know, Disney,
forget about Disney or I you know, wouldn't do that.
Speaker 2 (05:54):
I mean, think about it for a second again.
Speaker 3 (05:59):
Yeah it costs more for this, but it's costing me
a hell of a lot less for that. These are
again things that you need to survive on. This is
where it hits people the hardest. You know, they always
put these ridiculous things in these inflation metrics. Why is
it television? And in an inflation you don't need you
(06:20):
don't have to have a TV. And if you do
need a TV, how often do you need to buy one?
Speaker 2 (06:28):
Think about it for a second. How often do you
need to buy a TV? Even? Clothing?
Speaker 3 (06:35):
Okay, and I get it, you know, in clothing, which
in this index which basically flat. Yeah, things wear out,
kids grow out of clothes.
Speaker 2 (06:47):
But I explained this to my kids.
Speaker 3 (06:48):
Buy yourself something nice that will last, and guess what,
you'll be able to wear it for a very long
period of time.
Speaker 2 (06:55):
Cars.
Speaker 3 (06:56):
We need to get new cars from time to time,
but not that often. It's the things that we're spending
money on in a regular basis that have skyrocket. It
made the cost of living very, very difficult here.
Speaker 2 (07:08):
In this country. It's just housing, food.
Speaker 3 (07:11):
It's tough, it is, and that is the inflation metric
that has always mattered. The Markowski Inflation Index has been
spot on watchdog on Wall Street dot Com.
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
Don't doubt me.
Speaker 3 (00:17):
The Markowski Inflation Index has been spot on for twenty
five years Nowhi again, Markowski Inflation Index. I used to
call it the Bear Grillis inflation Index, after the SAS
officer who had that great television show where they would
(00:40):
drop him off in some god forsaken wilderness and he
would show you how he would survive. He's awesome, he
really is. He's actually he Now he's involved with the
Hallo the Catholic prayer app which is just awesome as well.
But anyway, the reason why I called it the bear
Realis Index, and I'll call it the Markowe Ski Index.
I was just messing around, is because Bear Grillis had
(01:05):
to get dropped off and he had to find stuff
to survive on. And to me, what's always been most
important when it comes to inflation metrics is what do
people spend on the things they have to survive on?
And years ago I was on some program and arguing
(01:28):
about inflation, and everybody was talking about our inflation's really low,
and I'm like, yeah, yeah, yeah, that's great.
Speaker 2 (01:34):
You know, televisions don't cost a lot of money, but
you can't eat a TV.
Speaker 3 (01:41):
Here are the numbers going back to two thousand, going
back to two thousand. Overall inflation is up, and this
is government numbers, so it's worse seventy four point four percent.
But let's take a look at select consumer goods again,
(02:04):
things that are really important. Hospital services since two thousand
is up two hundred and twenty percent. College tuition is
up one hundred and eighty percent. College textbooks are up
one hundred and sixty five percent.
Speaker 2 (02:24):
Did you know.
Speaker 3 (02:25):
Paper become more expensive at college textbooks? Do they even
really need them anymore with the computer age? No, no
they don't. But publishers write nice checks and whatnot, and
they want to be kept in business.
Speaker 2 (02:41):
It's a scam. It's a scam. We all know it's
a scam.
Speaker 3 (02:45):
Medical care services are up one hundred and thirty percent.
Childcare and nursery school up one hundred and ten percent,
food beverages, and housing.
Speaker 2 (02:57):
This is government numbers. We all know it's worse.
Speaker 3 (03:00):
Up over ninety percent, new cars, twenty percent, household furnishings
fifteen percent. Clothing is flat yep, but that's okay. We
got some things that are cheaper. Cell phone service that's
actually down by about forty percent, computer software down about
(03:21):
sixty percent, toys down about sixty percent.
Speaker 2 (03:25):
TVs yep, TVs the TVs you can't eat are down
about ninety percent.
Speaker 3 (03:31):
What does this tell you? What does this tell you?
What I've been saying for some time, what we're we
telling you. When they were saying, oh, inflation is low,
it's great, I'm like, no, the cost of living in
the United States continues to go up in the most
important things, the things you need to survive on. I
(03:53):
have this conversation a lot with people I'm always asked about,
you know, They're like, oh, you went on vacation. We
do a family vacant I think the family vacation thing
is over for the Markowski three kids in college this
past year. My eldest son didn't go because he was
(04:14):
working and had an internship.
Speaker 2 (04:16):
And I kind of.
Speaker 3 (04:17):
Said, you know what, Mabe, we're gonna you know, we've
been doing this, you know, since they were little. Since
they were little, we would always take August. The first
few weeks in August, we're going vacation together because most
of the entire summer they were playing sports and going here,
there and everywhere. So as a family, we were ever together.
So we would all go together on vacation. And it's
(04:37):
going to stop because again the kids have got other
things to do. And I said, next time we do
a family vacation, you're all going to have significant others
and I'll be taking grandkids along.
Speaker 2 (04:45):
But anyway, neither here nor there. Okay.
Speaker 3 (04:48):
People always say you always go on these uh these
really you know, these fancy vacations.
Speaker 2 (04:55):
It costs all of this money.
Speaker 3 (04:56):
I'm like, really, yeah, okay, it's you know, a flight
to Greece. We go there basically every summer, not every summer,
but go there often. Flight's expensive, sure, sure, without a doubt,
but we know what we're doing.
Speaker 2 (05:16):
We're there.
Speaker 3 (05:17):
The places that we stay at not so much, not
so much, very reasonable and better. Yet the cost of
food very in expensive. And I try to explain to people.
I said, if I was gonna take my entire family
of five and oftentimes I'm bringing some of my kids
(05:39):
friends with US two. You think it's going to be
cheaper if I go to Aruba or you know, Disney,
forget about Disney or I you know, wouldn't do that.
Speaker 2 (05:54):
I mean, think about it for a second again.
Speaker 3 (05:59):
Yeah it costs more for this, but it's costing me
a hell of a lot less for that. These are
again things that you need to survive on. This is
where it hits people the hardest. You know, they always
put these ridiculous things in these inflation metrics. Why is
it television? And in an inflation you don't need you
(06:20):
don't have to have a TV. And if you do
need a TV, how often do you need to buy one?
Speaker 2 (06:28):
Think about it for a second. How often do you
need to buy a TV? Even? Clothing?
Speaker 3 (06:35):
Okay, and I get it, you know, in clothing, which
in this index which basically flat. Yeah, things wear out,
kids grow out of clothes.
Speaker 2 (06:47):
But I explained this to my kids.
Speaker 3 (06:48):
Buy yourself something nice that will last, and guess what,
you'll be able to wear it for a very long
period of time.
Speaker 2 (06:55):
Cars.
Speaker 3 (06:56):
We need to get new cars from time to time,
but not that often. It's the things that we're spending
money on in a regular basis that have skyrocket. It
made the cost of living very, very difficult here.
Speaker 2 (07:08):
In this country. It's just housing, food.
Speaker 3 (07:11):
It's tough, it is, and that is the inflation metric
that has always mattered. The Markowski Inflation Index has been
spot on watchdog on Wall Street dot Com.
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