(00:00.47) Well, long time listeners of the show know one of my favorite lines of all time, financial lines from JP Morgan. When stocks are tanking, when there’s a bear market, when there’s a recession, stocks return to their rightful owners. Woo, bold statement. He’s basically saying, we own you. We’re smarter than you. We’re […]
(00:00.588) So Jay Powell and the Fed tell Donald Trump to take a long walk off a short pier. yeah, yeah. Powell gave a speech to the economic club of Chicago yesterday and yeah, tariffs are likely to generate at least a temporary rise in inflation. And again, he. Uncertain like the rest of us […]
(00:00.566) So what you’re saying is we have to destroy trade in order to save it. I’m stealing that bit from, well, was it Peter Arnett quoting an unnamed major during the Tet Offensive in Vietnam, where it turned out in order to save the village, we need to destroy it, something like that. That’s […]
(00:01.114) Yes, Republicans for Bernie Sanders and AOC. Yeah, you can’t make this up. They’re going to I mean, they’re going to start driving around in little Priuses or riding donkeys and flying hammer and sickles soon. Maybe these Republicans will start dying their hair red or blue. I just want to go over the […]
(00:00.558) Medicaid and drug pushers. OK, so the Senate, the Senate, the House got together and they passed their budget outline. You remember back when you were in, I was probably like ninth grade, eighth or ninth grade. I can’t remember exactly where they started teaching how to write papers. They were preparing kids for […]
(00:00.684) Just cut off the funding to the universities. I’m just annoyed. I’m so sick and tired of one story after another. What’s happening on this college campus? What’s happening on that college campus? I don’t care. I don’t care what they do at Columbia. I don’t care what they do at Brandeis. I don’t […]
(00:00.59) All right. I a lot of questions over the past several days in regards to the bond market. What does this mean, Chris? Why all of sudden is Trump concerned about this? Talking about the Yips. The Yips, yeah. The bond market got the Yips. Well, you see this thing that they’re trying to […]
(00:01.998) Tariffs in real estate. I’ve spoken with various people, different parts of the country, some very big real estate people, and it’s pretty much the same across the board. Their costs are going up by 25%. That’s what they feel, how their costs are gonna rise on anything new that they are going to […]
(00:00.386) God willing someday, someday I hope to have grandkids. I do, I hope to have grandkids and my grandkids are gonna come and they’re gonna talk to me about their homework, business homework, economic homework, and we’re gonna discuss one of the greatest, we’re gonna argue one of the greatest economic policy errors of […]
(00:00.812) What does China make? How much do they take? NASA Nicholas Taleb put this out and again, he’s using San Francisco fed data. On average for goods sold in the United States that are made in China for a hundred bucks, China gets 12%. The rest, the 88 bucks design, shipping, wholesale. retail, branding, […]