When is bad news good news?

When it wasn't as bad as expected.

That was the case when the September CPI data came out last week.

It was pretty bad. But it wasn't as bad as they expected. So, the mainstream spun it as good.

In this episode of the Midweek Memo podcast, host Mike Maharrey breaks down the inflation situation without the spin and reveals the Fed is about to crank up the money machine. He also puts the recent price movements of gold and silver into that broader context.