AI Summary
5 min readMeidasTouch Podcast: The Economy Is Worse, the Wars Are Spreading, and the Administration Is a Circus
The producer price index came in at 6.3% this morning — a full percentage point hotter than the 5.3% economists expected. That is wholesale inflation, which gets passed to consumers, and the hosts see it heading toward 7.5% or 8% by year's end. Consumer price index is already at 3.7%, up from the roughly 3% Trump inherited from Biden. The hosts walk through the numbers methodically: nominal wage growth is 3% under Trump versus 4% under Biden, but real wage growth — wages after inflation — is now negative 0.7% under Trump, compared to positive 1% under Biden. Gas was $3.13 when Biden left office; it is $4.33 today. Mortgage rates, debt, deficit, GDP — every metric the hosts cite is worse.
Trump, meanwhile, is on the road telling crowds that tariffs do not cause inflation, they cause "wealth." He told a reporter in Montana that he inherited "the worst inflation through Biden in the history of our country" and has it "very down low" now. The hosts note that inflation was around 3% when he took office and is now 3.7%. They call his entire approach a Ponzi scheme: one lie covered by another, with no plan behind it.
The War in Iran Is Spreading, and Trump Has No Strategy
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What you'll learn
- 1 The MeidasTouch Podcast - 10/16/26
- 2 Main Outline
- 3 (00:00) **Episode Overview & Sponsor Open** - Hosts preview the major stories: hot PPI inflation, Iran's tanker strikes, Trump's rallies, and new press secretary Katie Zakaria's controversies
- 4 (02:53) **PPI Inflation Shock** - Producer Price Index hits 6.3% versus 5.3% expected, signaling consumer price increases ahead
- 5 (08:20) **Trump's Montana Rally Lies** - Trump tells Montana voters Democrats will get them "eaten by animals" and claims he inherited "worst inflation in history"
- 6 (14:12) **Trump's "Golden Age" and Iran War Claims** - Trump says on tarmac that the Iran war "will end very soon" and "as soon as I want it to end, it'll end"
- 7 (17:33) **Wars Spreading Beyond Iran** - Russia strikes tankers off Romania and Bulgaria, both NATO members, while Trump threatens Ukraine's access to Starlink
+ Full timestamped outline available in the app
Guests on this episode
Show Notes
On this episode of the MeidasTouch Podcast, Ben, Brett and Jordy break down the rapidly worsening crises facing the country as inflation surges past expectations, gas prices soar, and Trump insists America is experiencing a “golden age.” Meanwhile, the war with Iran continues to spiral, tankers are being struck in the Strait of Hormuz, and Trump and Elon Musk face serious questions over their treatment of Ukraine as Russia escalates its attacks. The brothers also dive into the extraordinary scandals and infighting engulfing Trump’s inner circle, including explosive allegations involving Kimberly Guilfoyle, the sudden departure of longtime Trump associate Paolo Zampolli, and troubling questions surrounding Trump’s new press secretary. Plus, with the midterms approaching, the brothers discuss what these mounting crises reveal about the administration and the stakes ahead.
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