Inflation Came In Red Hot — So Why Did Bonds Rally? The Signal Everyone Missed
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Welcome to The Tom Bilyeu Show! I’m Tom Bilyeu, and in this live episode, we’re pulling back the curtain on some of the most pressing issues shaking our world right now. From soaring inflation and wild market volatility to the unraveling AI bubble, I’m breaking down why forecasts are missing the mark and what’s really driving investor anxiety. Are we witnessing a turning point in tech—or just another cycle in the relentless march of innovation?
I’ll be taking you inside the unexpected twists in the bond market, the seismic shifts in global economics, and the new narratives emerging around productivity, national security, and the future of work. We’ll also get into Elon Musk’s unbelievable, internet-dividing Tesla Roadster reveal, the escalating drama in Ukraine, and the behind-the-scenes power plays driving American and global politics—from wealth tax debates and immigration showdowns to record-breaking energy projects and billionaire money changing the game.
Alongside Drew and Ryan, plus your live Super Chats and community insights, we’ll cut through the hype with direct, unfiltered analysis and genuine conversation about the trajectory of technology, economics, and society. This episode is packed with heated debates, insider perspectives, and thought-provoking questions you won’t hear anywhere else. Strap in—this is The Tom Bilyeu Show, live and unmissable.
00:00 Intro
01:00 Insane Inflation numbers
13:35 US bonds still seen as safe haven
22:10 Can AI save Us?
37:56 Economic and Geopolitical challenges
47:59 Elon announces new Tesla Roadster
56:02 Trump and Elon V Zelenskyy
01:11:40 Debating the War’s End Strategy
01:16:58 Ilhan Omar investigation updates
01:29:48 Trump Announces Opening Of Alaska Pipeline
01:46:35 Shane Gilis Gym Saga Still Going
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@alaxgallagher9073
October 19, 2026 at 1:17 am
Tom, why are you putting lab grown protein in your products? Your the problem too!
@Veiger
October 19, 2026 at 1:17 am
Who…fucking…cares if he's in a wheelchair.
@TheGr8Flood
October 19, 2026 at 1:17 am
Omar is not important enough for him to want to bring this kind of heat just to deport her. There have been reports for years and democratic prosecutors refuse to move on the matter. People have been saying for a very long time that she has been funneling taxpayer money into family. Member owned businesses for years and she very well may be a major player in the tax fraud that’s been going on in Minneapolis. There is a lot more to the story than you guys were willing to jump into. It appears
@JB-kp3dd
October 19, 2026 at 1:17 am
Tom's take on racism was spot on!!!
@thedude7319
October 19, 2026 at 1:17 am
01:44:23 yes we have mass stabbings and rape
@thedude7319
October 19, 2026 at 1:17 am
01:37:50 take into account democrats have the lever of NGOs
@Glamor_girl
October 19, 2026 at 1:17 am
Evil Knievel has been replaced.
@gypsywelder
October 19, 2026 at 1:17 am
Regarding peoples negativity towards Elon Musk – Cynical bias… one of the weirdest aspects of the human mind. Criticism fuelled by complex jealousy over another person success. Condemning and villainizing them in various ways to justify their own lack of success.
“ he couldn’t possibly have created all these things on his own. It must be because he has alien genetics!?!?” 🤦🏻♀️
@cordialcardcollector
October 19, 2026 at 1:17 am
Careful with Tom everyone. He still in this pod refers to social security, Medicare and Medicare as handouts. Most of us are just consumers and units to this guy and his like
@optiskeptic4746
October 19, 2026 at 1:17 am
Putin is easier to deal with WHEN YOU AGREE TO GIVE HIM WHAT HE WANTS.
Zelenshyy would also beeasier to deal with IF YOU AGREE TO GIVE HIM WHAT HE WANTS.
Duh.
@StephenDix
October 19, 2026 at 1:17 am
1:21:00 Tom, your pearl clutching is weird here. When DOJ was weaponized against the person you voted for – are you talking about the Jeffstain files? Why not at least say what you are talking about when you say it. . . twice?
I don't buy your schtick. Time to pivot, again.
@tnteachertim
October 19, 2026 at 1:17 am
Inflation is ALWAYS a bad thing; especially when workers' wages are below index-linked.
However, this "hot" jump is still less than HALF as bad as it was under the #Obiden regime when he shot the Petro-Dollar in the head by de-banking Russia, driving more countries into the arms of #BRICS. Then, he insulted the Saudis (who underpin the Dollar as Global Reserve Currency), and even THEY applied to join BRICS!
So, the dollar began to die faster. Of course inflation will continue to rise, though NOT as bad as #Obiden's totalitarian regime, because Trump IS taking steps to save it.
The big problem is the nearly 50% of people hoping he fails…
Turkeys voting for Christmas Dinner.
Dangerous fools.
@Coyotejo
October 19, 2026 at 1:17 am
Starting out on the war in Iran and fuel prices. Wait!! No Iran did not do this. The Houthis (at peace with us at the time and still) shut down the bypasses and refining or extraction in Saudi and Ukraine nuked russias capacity at the SAME TIME. so the Hormuz issue and Iran are not the crux of the price increase so much as it is one of three legs
@Gaperina
October 19, 2026 at 1:17 am
They did the first Marathon runs literally in Greece.
@DietherArnd
October 19, 2026 at 1:17 am
You are confused. He is not weaponizing the DOJ.
@Methinksworld
October 19, 2026 at 1:17 am
Ever wondered whether tech stocks were tanked to move monies into bonds. Wait till the month end as the fund managers scramble to pump up their valuations.
@LostNavigator
October 19, 2026 at 1:17 am
Isn't Trump the same person who said he would end the Ukraine/Russia war in 30 days? 2 years ago.
I think it is a shame how my President has jumped into Putin's bed!
@iiovoii
October 19, 2026 at 1:17 am
The car is impressive, no doubt about it. Probably will be available sooner than FSD. 😅
@dssssc
October 19, 2026 at 1:17 am
This guy talks like he is laying shields down in case shit flips commi. FYI they are not going to care that you verbally cya'd if you weren't 1000% loyal to the cause the entire time.
@dogdobbin6699
October 19, 2026 at 1:17 am
Well prices gone up alot, and food is a Big One for most people beccause they have to eat.
@chuckbarr8643
October 19, 2026 at 1:17 am
Rotation. Temporary.
@LiarLiarBrainOnFire
October 19, 2026 at 1:17 am
DNC Deep State NSA CIA MI6 Neo Con Biden Soros Ukrainian Oligarchs' Dictator Hero Zelenskyy kicks out America and the Mean Orange Man BAD and easily Defeats the Midg3t Gargoyle Czar Putin Soviet Hell State, Make Slavic Warmongering Great Again. Marxist Sharia Communist DNC Terrorist IRGC Worker Taxpayer Paid Useless Arts Degrees Government USAID NGO Do-Nothing No-Show Paychecks Law Fare Fauci Face Masks AOC Al'Sayed Omar Newsom Piker Tlaib Talarico GOOD
@robmu9
October 19, 2026 at 1:17 am
You want to talk about ru-ua war? Do you even hear yourself?
At least read one un investigation report signed by your own damn country.
The nazi death squadrons, BIGGEST SLAVE MARKET IN THE WORLD biggest narcotics producer for europe's secret polices, cross border slave hunt raids, most corrupted in the world, racial discrimination, terrorist attacks all over the europe.
And you say, that you want to help them continue doing that.
Like its no big deal…
Your companies LITERALLY murdered dozens of millions of people over the whole world just in the last five years.
Youre the most agressive country IN THE HISTORY!
You poison people, blow up whole factories, malls, office buildings like its noting. Every other monday.
And ALWAYS there is 100% support.
ALWAYS
Fing country of 80iq godlike ubermensch.
Maybe this one time you are wrong?
Unlike in your last 10000 assassinations, 200 invasions, 20000 terrorist attacks.
Maybe, just maybe, this time the media is lying?
Maybe this time, NOT LIKE IN EVERY SINGLE ONE IN HISTORY, you are the bad guys?
Maybe…
I wouldnt know.
This is fed up dude.
@9FINGA
October 19, 2026 at 1:17 am
Tom comparing California being invaded is way off base. Ukraine was part of their territory many times before and is the strategic weak spot of Russia so they want that buffer.
@katyruscheinski1661
October 19, 2026 at 1:17 am
bonds with rising yields are good investment to keep up with rising inflation
@TheJimNeiL
October 19, 2026 at 1:17 am
Trump played nice in his first term by not going after Hillary & Co and then the democrats hammered him. Turn about is necessary.
@anas.9265
October 19, 2026 at 1:17 am
omg! the markets do what is suppost to do and rotations happen yearly, and seasonalities, things cant go up forever..this is healthy nothing new.. take history plus future built outs and etc current realities and wolla
@pjsmiles
October 19, 2026 at 1:17 am
maga morons have no merits, so all they have is petty made up narratives for culture war issues. morons are great again
@glengedda1000
October 19, 2026 at 1:17 am
WE HAVE 400 MILLION GUNS AMONG THE POPULATION. I AM AFRAID AN ECONOMIC DISRUPTION WILL UNLEASH ATROCITIES. NEED TO PUT BILLIONS IN DESIGNING A NEW ECONOMY.
@glengedda1000
October 19, 2026 at 1:17 am
Yet the Treasury owns 40 trillion in debt. No money to insure deposits
@patrick-k2w2v
October 19, 2026 at 1:17 am
Too much cussing. When you use the F word that much, it becomes meaningless.
@hvymetallova7549
October 19, 2026 at 1:17 am
27:26 intellect and age? Is it wise to dig the majority into a hole, just bc it enriches just a few, just bc you can sell shovels?
@LimbLengtheningJourney
October 19, 2026 at 1:17 am
How many basis points does it take to get a barrel of oil through the straight?
@podcastville5191
October 19, 2026 at 1:17 am
37:05 I got a little BAC and IONQ right before all of this 😂. They both dropped 20% and im sitting at -5%. Fckers 😊
@ALOHADAVEINVESTING-ls6xw
October 19, 2026 at 1:17 am
You’re going to lose viewers if you start off with an ad
@steveedwards2143
October 19, 2026 at 1:17 am
Pretty naive to think Omar did not leave evidence of a crime.
@robertmartin995
October 19, 2026 at 1:17 am
And now you see why the price of oil being high is good. But it feels bad so Donald Trump will probably still lose the election.
@wadebradshaw8185
October 19, 2026 at 1:17 am
Tesla…put it on the noon!! Ever think this was a glimpse of something you could use in low gravity? Everyone thinks the thrusters were built for earth🤦🏼♂️
@briandarr8149
October 19, 2026 at 1:17 am
you believe the administration, about fraud…DOGE me baby…IG systems work, fraud is there no doubt but not to the extremes people try to say! The real fraud is power distracting us as they dip in our pockets! the extra ordinary popular delusions and the madness of crowds will be updated with these times in focus. Sovereign debt worldwide crisis, ai bubbles, business full of Zombies, debt coming out of everyones ears…let the show begin!
@omar1187
October 19, 2026 at 1:17 am
Bonds rallied cause they printed money and bought their own bonds 😅
@Therealestateleo
October 19, 2026 at 1:17 am
Agreeing with you on the mentality of the Ukraine American analogy 100%