“Less Bad” Inflation? Why 4% Still Hurts
(00:00.706)
Yay. Aren’t you all excited? Inflation is less bad. Yeah, inflation, the producer prices coming out today and they are less bad. can I try to put this in terms of sports? You know what? I’m going to pick on Jets fans, New York Jets fans. It’s like, you know, if the Jets only
We only lost 12 games this past season. Yeah, it’s still bad. Still not good. Actually, it was kind of It’s like dueling coverages. You kind of watch some of these financial news networks. CNBC, they kind of played it. They played it kind of cool in regards to the numbers. Yeah, talking less bad.
Fox Business, my God, they threw a party. my God, these numbers are spectacular. Spectacular. Inflation rises to 4%.
Inflation rises to 4%. This is the highest level it’s been since February of 2023. Again, the the Fed target rate is 2%. Okay, we’re double that, We’re double that. The Watchdog on Wall Street, Markowski Investments target rate is zero.
Zero. Tomorrow, obviously, tax day. We’ll be a little bit, having some fun with taxes tomorrow on the program. But let me kind of explain this to you. That 4 % is a tax, people.
(01:58.316)
That 4 % is a fricking tax, man. That’s inflation. That’s your tax dollars. Well, your after tax dollars not going as far. So it’s essentially a bloody tax. You know, I was glad to see actually, you know, Rick Santelli actually mentioned this on CNBC today.
And he said, know, because he mentioned Rand Paul was on the program today and talking about his biggest concern for the country. Biggest national security concern is not it’s not fricking Iranian nukes. It’s not. It’s a fact that we’re $40 trillion in debt. And he knows. OK, he knows. He’s like, someday I’m to walk into work and this, you know, 4.3 % is going to be a hell of a lot higher than this.
He’s not wrong. Do you understand? And as actually, you also made a statement that I’ve made here. me ask you question. Do you think that, I’m just telling you from my portfolio, my personal portfolio, do you think I’m gonna take my hard earned dollars and lend it, lend it to Uncle Sam?
for 4.3 % over 10 years.
No way.
(03:31.35)
No way, no how, not going to happen. Not going to happen. Again, like I said, when I buy, I’m not a bond trader. don’t trade. I’m buying things in my portfolio and I want to hold onto them. Okay? want to trade debt. What, our fiscal situation?
I am going to, and again, you can go back, go back to the night that we’re getting 6 % and our fiscal situation was a hell of a lot better than it is now. I am going to take my, and I’m going to lend it to uncle Sam at 4.3 % for 10 years. Yeah, I’d rather stick a hot poker in my eye. Not going to happen. Watchdog on wallstreet.com.
