What's up everyone? This is Anthony Pompliano. Many of you know me as Pomp. You're listening to the Pomp podcast, which is my effort to find the most interesting people in the world and sit with them for hours while I ask questions in an effort to learn. We have no advertisers on this podcast. So it would mean the world to me if you would subscribe to the show on your favorite

audio platform, watch episodes on YouTube, and tell your friends and family about the podcast.

My goal is to help millions learn from the world's most interesting people. So let's get in to

today's episode. Cullen Roche is the founder and CIO of Discipline Funds. In this conversation, we talk about the macro economy, inflation, interest rates, debt ceiling,

Fed policy, savings rate, credit card debt, banking crisis, and much, much more.

I always enjoy talking to Cullen, and I think that you guys will enjoy this conversation as well.

Here is my conversation with Cullen Roche.

Anthony Pompliano runs Pomp investments.

All views of him and the guests on his podcast are solely their opinions and do not reflect

the opinions of Pomp investments. You should not treat any opinion expressed by Pomp or his

guest as a specific inducement to make a particular investment or follow a particular strategy,

but only as an expression of his personal opinion. This podcast is for informational purposes only.

All right, guys, bang, bang. Colna, I thought a great place to start this conversation was around

inflation. You and I previously have talked about inflation and kind of, was it actually higher

than the official numbers? Now, maybe people are thinking it might be lower than the official numbers. Just give us kind of your perspective.

What is inflation today? And what are you paying attention to when people start talking about that

specific metric? The main reason why I think anybody probably knows who I am in the first place is

because during the financial crisis, I was hyper focused on a lot of

this stuff because I managed money for other people. And I was trying to get, I really didn't

care about like the political narratives around this or how to solve the problem so much as

much as I really wanted to understand what's going on at sort of an operational level so that I can then try to

navigate this knowing kind of this baseline foundation of how does the system work and how does

...