Why No One Wants to Tell the Truth About Our Economy

(00:00.642)

Sorry kids, the economic reality is not that great to be quite honest with you. Listen, one of the reasons why, well, you can be a pretty good economist yourself if you just watch and observe and quite frankly, ask questions. My brothers and I, we have a client base all over the world, quite frankly, and small business owners, big business owners, all walks of life, different places, and we talk to them.

And we ask questions when we travel to visit clients. My brother, Michael, and I on the road this month. We ask questions. We ask questions to people that own restaurants, people we don’t know, people who own hotels, house business, what’s going on. This is how we at Markowski Investments can tell you the weather. OK, it’s not a hard thing to do. And what I’m getting, not just in the States, but everywhere.

is business is not good. Business is weak. Now you can choose to listen. You can choose to listen to all of the nonsense on TV and government reports, or you could actually choose to speak to people and actually see what’s going on. What was that song by the Eagles, Lion Eyes? You can’t add your lion eyes. I mean, that’s basically the government numbers and it’s always been the case.

away right now, I’m in Europe and I’m speaking with people who own hotels, people who own restaurants here in a popular place right now for American tourists and it’s down 40 to 50 percent. And again, speaking with people who are like we’re getting cancellation after cancellation after cancellation. It’s very popular.

with Americans. Cancellation after cancellation. Every restaurant, the same exact thing, just reported in the States. Popular vacation spot for Americans in the States. Long Island, again, this is the well-heeled area. Hamptons, south shore of Long Island, down 30, 40%. Homes not being booked, rentals not being booked.

(02:27.822)

North Shore, a long Island, a little different, not as well healed, very nice area as well. Same exact thing. This is happening everywhere. people don’t know what’s going to happen. There is a lot of uncertainty. That shock and again, that happened with the Trump tariffs and what took place. It damaged.

damage the psyche of people not just in the United States, but all over the world. I know. I know Jesse Waters on Fox. You’re a panicking. Listen, take the market and you can put the market aside. Again, we’ve explained to you how markets work and explain inflation and all of these various different things. Again, we’ll see what earnings are going to be like moving forward. Markets will always take care of themselves. But if people are run

They’re holding their cash in their pocket. They’re concerned about the future. We still don’t know. We still don’t know. Hey, paging Howard Lutnick and Peter Navarro. Hey, hey guys, guys, where are all these trade deals? yeah, there’s going to be many coming in two weeks. How many day and times have we heard that? Two weeks, two weeks, two weeks. Where are all these trade deals?

see any. I think, you know, what is the date? Is it July 8th? July 8th is the 90-day point there that is coming up. What’s Trump going to do? I don’t know.

I know, could it get nuts again? Absolutely, could get nuts. Watchdogonwallstreet.com.