March 13, 2025 • 13 mins
Trump’s done it again. Yesterday’s uber important Consumer Price Index Report wasn’t just good news for President Trump, and for our economy, it most importantly was good news for you.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:03):
Welcome to the Brian Mud Show. Thanks for listening. Passion
plus talent is unstoppable. It's time for today's Top three takeaways.
Happy Thursday, hope it is a good start for you,
and trump Man is threading the economic needle.
Speaker 2 (00:22):
And also we got some illegal healthcare.
Speaker 1 (00:25):
My takeaways for you today, my top takeaway threading the
economic needle. So Trump's done it again. When you break
out like Britney spears, you know, like.
Speaker 2 (00:38):
Doing make oops, Trump's gonna say, are you going with oops?
Speaker 1 (00:43):
I did it again?
Speaker 2 (00:44):
Oh yeah, yeah, you know it could be hit me
baby one more time. Could do that too, That could
be there.
Speaker 1 (00:52):
There's so many applications with Trump and that one. Actually
that's a good call, get a call. But anyway, yeah,
Trump has done it again. Yesterday's uber important Consumer Price
Index report, it wasn't just good news for President Trump.
It wasn't just good news for our economy. Most importantly,
good news for you. As I mentioned yesterday's takeaways, President
(01:14):
Trump masterfully used tariffs to achieve his desired economic policies
during his first administration. That was also during a period
of historically low inflation, and that is not the case
this time around. With the inflation rate checking in at
three percent in January, or already one percent higher than
what the Federal Reserve considers to be sustainable. However, if
(01:37):
yesterday's report showed a declining rate of inflation during Trump's
first full month in office, which also included the implementation
of tariffs, He'd be in business. And what happened, well,
boom boom goes to dynamite. Trump's in business. He's in business,
as he managed to defy expectations yet again. Inspectations were
(02:00):
for headline inflation to a fall to two point nine
percent annually in February, and as I mentioned in setting
this up, a read of two point nine percent or.
Speaker 2 (02:09):
Lower that have been good news. Three percent or higher,
hold your.
Speaker 1 (02:14):
Butt kind of territory, we'd have problems, but there are
no problems here. Nope, new president, new tariffs, a lower
inflation rate once again, as consumer inflation fell to two
point eight percent during Trump's first full month in office.
So yeah, that is a great start for Trump two
(02:35):
point zeros economic policy. But when it comes to improving
the fordability, what's most important is what's happening closest to home, right,
what are you actually paying for stuff?
Speaker 2 (02:46):
For four years.
Speaker 1 (02:47):
As bad as Bidenomics was in creating forty plus year
high inflation nationally, it's actually that much worse locally. You know,
for three of the four years, the highest inflation rate
in the country here ground zero for the inflation crisis
was the Miami for Lauderdale, West Palm Beach metro. We
(03:09):
often had inflation that was running four to five points
above what we were seeing nationally, which of course brutal.
And the reason was twofold one. We had the Bionomics
crisis like everybody else, But then everybody else was trying
to move here, right, and so that one two punch
really added to the inflation challenges. So what was inflation
(03:32):
most recently? It's two point eight percent nationally? Now, okay,
what is it locally? That's where you can feel good
at knowing you're not paying a higher rate of inflation
anymore to live here. Yeah, two point eight percent. The
(03:52):
inflation rate locally most recently is the same as it
is nationally. So the trade war, it's still raging. Trump's tariffs.
They still have some economists bracing for the worst. But
from West Palm Beach to Washington, DC, the early returns
especially encouraging because out of the gate, President Trump appears
(04:14):
to be threading the economic needle once again, and that
may also mean lower interest rates. My second takeaway today,
if inflation is on the way down, then interest rates
should follow.
Speaker 2 (04:26):
Wednesdays inflation news could.
Speaker 1 (04:29):
Mean that the Federal Reserve revisits interest rate policies sooner
than later. Already, what we've seen over the past couple
of weeks is that mortgage rates have come down from
their peak. And as mortgage rates are slowly sliding, we're
seeing something really important demand.
Speaker 2 (04:49):
It's starting to rise.
Speaker 1 (04:51):
Last week the demand for mortgages, we saw mortgage rates
go from around seven percent to six point six.
Speaker 2 (04:59):
Not not low by any of me.
Speaker 1 (05:01):
I mean, sixty six is still up there quite a bit,
but just back in off of seven and getting to
sixty six, How much more demand did we have.
Speaker 2 (05:11):
For mortgages over the past week? Got a number in mind.
Speaker 1 (05:16):
Game. High demand for mortgages increased by ninety percent over
the same week a year ago. The demand to purchase
a new home four percent higher than a year ago.
And it's really important because what this shows is that
there is hint up demand in the US economy that
(05:39):
is ready to step in as soon as there is
some added affordability, and again in this case, didn't have
to be a lot. Just get me off of that
seven percent mortgage thing. Get me you know, mid six range,
and I'll step in. And so that's that's hugely important here.
My hypothesis right along has been that we do have
kind of like that next tier at the US economy,
(06:01):
people that have just been waiting on the sidelines because
you've got a bunch of people that have wanted to
sell their homes some cases families that have grown and
need to but have it because I got a two
percent something mortgage, Here's no way I'm going out there.
And again a seven percent mortgage, so they just stay there.
In the same time, you got people that are renting
that really want to buy, like I can't afford to
buy anything at seven percent. You bring that down, then
(06:23):
I'll step in. We're seeing that already already, And so
it does mean that we have the best case scenarios
set up for our economy if we keep inflation heading
in the right direction. It is the antithesis of something
that's recessionary. If rates were coming down and demand we're
(06:43):
coming down at the same time, that's when you got
a problem. This is really good news what we're seeing here.
So it's we're still a long way from being able
to declare victory for bide inflation and thus the ability
to just have substantially lower interest rates, and we may
never get back to what things were when Trunk was
president first time, but the early signs are that at
(07:04):
the point where mortgage rates do come down considerably, we
got the opportunity for yet another housing boom to take
place locally because of what I was just talking about,
people that are looking to move into the market with
greater affordability, and so given the outsize impact also that
(07:26):
housing has in this community that really im portends good things,
there is a deep bench of renters that are ready
for the chance to jump in the market. Give it
the opportunity to do so. A third takeaway for you
today illegal healthcare. There's no health care like illegal healthcare.
You know. In early February, I brought you the updated
(07:46):
cost of illegal immigration over the past year, the costs
to you, And in case you missed it, the updated
Congressional estimate checked in at one hundred and eighty two
billion dollars. Most recently. It's only money. I mean, step
have did a cost to you? What did you pay
for to facilitate a legal immigration? Because what you were doing,
(08:06):
You're going to work every day and going, man, you
know what I really want to do is pay for
some more illegals.
Speaker 2 (08:12):
I see the look on Joel's face. That's exactly what
he was thinking. Only for the warmest and fluffiest.
Speaker 1 (08:17):
You just want a vetting process. And your vetting process
isn't like, you know, do you have any business being here.
It's just I want to make sure that you are
either warm or fluffy, ideally both, you know, in which
case I'll just hand you a check for thirteen hundred
and fifty two bucks right now.
Speaker 2 (08:31):
Yeah, okay, it sounds about right, got it? Got it now?
Not everybody is like Joel. Not everybody would want to
hand over.
Speaker 1 (08:41):
That kind of money or vet the uh the legal
immigrants for the level of warm and fluffiness. But if
you did not enjoy paying thirteen hundred and fifty two
dollars last year, well you can also realize that you
(09:04):
were forced to. As you file all your taxes, you
can feel good about that also knowing that illegal immigrants
were responsible for over a third of all federal crimes
last year. So now you paid over thirteen hundred and
fifty bucks to become that much more likely to be
a victim of illegal immigrants. And but wait, that's not
(09:27):
all because also the inflation impact, so we're just talking
about housing, inflation, everything else. One of the other things
I was able to do was put together the inflation
impact of the illegal immigration. And what I was able
to find out is, oh, during the Biden years, the
average cost of living rose by two hundred and eighty
eight dollars per month attributable to illegal immigrants. And that's
(09:51):
the number one place was housing. What happened with all
those illegal immigrants that came in this country, They took
up all the affordable housing, and that drove up the
cost of housing across the board. And so that brought
per household, the next cost of illegal immigration to you
forty eight hundred and eight dollars last year hard cost
(10:13):
thirteen hundred and fifty two, soft cost factory in inflation
forty eight hundred and eight. So who wouldn't want to
burn through forty eight hundred bucks a year per household
to facilitate over a third of all crime just to
generally support illegal immigration. Based on the look on Joel's face,
(10:34):
I think even he's not on board anymore, not even
with the warm and fluffies. Yeah, I mean yeah, draw area,
you gotta be real warm, real fluffy, gotcha. Okay, so
only the warmest and fluffiest. But wait, there's still more,
because here's the next piece of this story. In Florida,
we just found out how much we paid for the
healthcare of illegal immigrants in our state last year, six
(10:58):
hundred and sixty million dollars. So, according to the Florida
Agency for Healthcare Administration, a total of sixty seven seven
hundred illegal immigrants made emergency room visits, racking up huge
bills that were once again paid for by you and me.
So that comes to an additional seventy seven dollars and
nineteen cents per Florida household. So you did end up
(11:22):
getting to spend even more on illegal immigrants. You can
feel good about that, So just throw that on your tab.
And of course, there's also the potential that legal Floridians
were not able to receive timely emergency care because why well,
you had those tens of thousands of legal immigrants that
were utilizing resources, right, I mean, what are the possibilities
(11:48):
out there that maybe legal citizens died waiting for emergency
care that was being directed towards illegal immigrants.
Speaker 2 (11:59):
I am sure that any moment.
Speaker 1 (12:02):
Now, local news outlets who claim to really be on
your side, they're really looking out for you. They like
doing investigative stories, but only during like ratings periods, And
I'm sure they'll really get on it and dig into
this one to see how many people, how many Floridians
died in emergency rooms waiting for care because resources were
(12:25):
taken by illegal immigrants, and also just accurately reports these
seventy seven dollars and nineteen cents per household that you
had to pay for those illegal immigrants to get that
healthcare too. I'm sure they will be all over that
any moment. Now. Oh that's wait, they're they're too busy
finding new politically correct ways to not offend illegal immigrants.
Speaker 2 (12:47):
Take, for example, this lead line to a story yesterday.
Speaker 1 (12:50):
It's like every day in our local news, but you
can find examples of this.
Speaker 2 (12:54):
The one I found yesterday.
Speaker 1 (12:57):
Lead line is an undocumented immigrant of the Trendiagua gang
was arrested in New Orlando.
Speaker 2 (13:05):
You know that stands in contrast, of course, to what the.
Speaker 1 (13:07):
Uh the illegally documented members of the trendi Agua gang
that are over here. See as the next time that
you look at a medical bill and wonder how it
came to be so much, you can feel good knowing
that you're paying for illegal immigrants too, which is yet
one more reason, by the way, why all illegal immigrants,
(13:30):
not just those who commit additional crimes once they're here,
should be deported. Given the cost of illegal immigrants to us,
tell me again how they are not effectively stealing from
us every single day they're here.
Welcome to the Brian Mud Show. Thanks for listening. Passion
plus talent is unstoppable. It's time for today's Top three takeaways.
Happy Thursday, hope it is a good start for you,
and trump Man is threading the economic needle.
Speaker 2 (00:22):
And also we got some illegal healthcare.
Speaker 1 (00:25):
My takeaways for you today, my top takeaway threading the
economic needle. So Trump's done it again. When you break
out like Britney spears, you know, like.
Speaker 2 (00:38):
Doing make oops, Trump's gonna say, are you going with oops?
Speaker 1 (00:43):
I did it again?
Speaker 2 (00:44):
Oh yeah, yeah, you know it could be hit me
baby one more time. Could do that too, That could
be there.
Speaker 1 (00:52):
There's so many applications with Trump and that one. Actually
that's a good call, get a call. But anyway, yeah,
Trump has done it again. Yesterday's uber important Consumer Price
Index report, it wasn't just good news for President Trump.
It wasn't just good news for our economy. Most importantly,
good news for you. As I mentioned yesterday's takeaways, President
(01:14):
Trump masterfully used tariffs to achieve his desired economic policies
during his first administration. That was also during a period
of historically low inflation, and that is not the case
this time around. With the inflation rate checking in at
three percent in January, or already one percent higher than
what the Federal Reserve considers to be sustainable. However, if
(01:37):
yesterday's report showed a declining rate of inflation during Trump's
first full month in office, which also included the implementation
of tariffs, He'd be in business. And what happened, well,
boom boom goes to dynamite. Trump's in business. He's in business,
as he managed to defy expectations yet again. Inspectations were
(02:00):
for headline inflation to a fall to two point nine
percent annually in February, and as I mentioned in setting
this up, a read of two point nine percent or.
Speaker 2 (02:09):
Lower that have been good news. Three percent or higher,
hold your.
Speaker 1 (02:14):
Butt kind of territory, we'd have problems, but there are
no problems here. Nope, new president, new tariffs, a lower
inflation rate once again, as consumer inflation fell to two
point eight percent during Trump's first full month in office.
So yeah, that is a great start for Trump two
(02:35):
point zeros economic policy. But when it comes to improving
the fordability, what's most important is what's happening closest to home, right,
what are you actually paying for stuff?
Speaker 2 (02:46):
For four years.
Speaker 1 (02:47):
As bad as Bidenomics was in creating forty plus year
high inflation nationally, it's actually that much worse locally. You know,
for three of the four years, the highest inflation rate
in the country here ground zero for the inflation crisis
was the Miami for Lauderdale, West Palm Beach metro. We
(03:09):
often had inflation that was running four to five points
above what we were seeing nationally, which of course brutal.
And the reason was twofold one. We had the Bionomics
crisis like everybody else, But then everybody else was trying
to move here, right, and so that one two punch
really added to the inflation challenges. So what was inflation
(03:32):
most recently? It's two point eight percent nationally? Now, okay,
what is it locally? That's where you can feel good
at knowing you're not paying a higher rate of inflation
anymore to live here. Yeah, two point eight percent. The
(03:52):
inflation rate locally most recently is the same as it
is nationally. So the trade war, it's still raging. Trump's tariffs.
They still have some economists bracing for the worst. But
from West Palm Beach to Washington, DC, the early returns
especially encouraging because out of the gate, President Trump appears
(04:14):
to be threading the economic needle once again, and that
may also mean lower interest rates. My second takeaway today,
if inflation is on the way down, then interest rates
should follow.
Speaker 2 (04:26):
Wednesdays inflation news could.
Speaker 1 (04:29):
Mean that the Federal Reserve revisits interest rate policies sooner
than later. Already, what we've seen over the past couple
of weeks is that mortgage rates have come down from
their peak. And as mortgage rates are slowly sliding, we're
seeing something really important demand.
Speaker 2 (04:49):
It's starting to rise.
Speaker 1 (04:51):
Last week the demand for mortgages, we saw mortgage rates
go from around seven percent to six point six.
Speaker 2 (04:59):
Not not low by any of me.
Speaker 1 (05:01):
I mean, sixty six is still up there quite a bit,
but just back in off of seven and getting to
sixty six, How much more demand did we have.
Speaker 2 (05:11):
For mortgages over the past week? Got a number in mind.
Speaker 1 (05:16):
Game. High demand for mortgages increased by ninety percent over
the same week a year ago. The demand to purchase
a new home four percent higher than a year ago.
And it's really important because what this shows is that
there is hint up demand in the US economy that
(05:39):
is ready to step in as soon as there is
some added affordability, and again in this case, didn't have
to be a lot. Just get me off of that
seven percent mortgage thing. Get me you know, mid six range,
and I'll step in. And so that's that's hugely important here.
My hypothesis right along has been that we do have
kind of like that next tier at the US economy,
(06:01):
people that have just been waiting on the sidelines because
you've got a bunch of people that have wanted to
sell their homes some cases families that have grown and
need to but have it because I got a two
percent something mortgage, Here's no way I'm going out there.
And again a seven percent mortgage, so they just stay there.
In the same time, you got people that are renting
that really want to buy, like I can't afford to
buy anything at seven percent. You bring that down, then
(06:23):
I'll step in. We're seeing that already already, And so
it does mean that we have the best case scenarios
set up for our economy if we keep inflation heading
in the right direction. It is the antithesis of something
that's recessionary. If rates were coming down and demand we're
(06:43):
coming down at the same time, that's when you got
a problem. This is really good news what we're seeing here.
So it's we're still a long way from being able
to declare victory for bide inflation and thus the ability
to just have substantially lower interest rates, and we may
never get back to what things were when Trunk was
president first time, but the early signs are that at
(07:04):
the point where mortgage rates do come down considerably, we
got the opportunity for yet another housing boom to take
place locally because of what I was just talking about,
people that are looking to move into the market with
greater affordability, and so given the outsize impact also that
(07:26):
housing has in this community that really im portends good things,
there is a deep bench of renters that are ready
for the chance to jump in the market. Give it
the opportunity to do so. A third takeaway for you
today illegal healthcare. There's no health care like illegal healthcare.
You know. In early February, I brought you the updated
(07:46):
cost of illegal immigration over the past year, the costs
to you, And in case you missed it, the updated
Congressional estimate checked in at one hundred and eighty two
billion dollars. Most recently. It's only money. I mean, step
have did a cost to you? What did you pay
for to facilitate a legal immigration? Because what you were doing,
(08:06):
You're going to work every day and going, man, you
know what I really want to do is pay for
some more illegals.
Speaker 2 (08:12):
I see the look on Joel's face. That's exactly what
he was thinking. Only for the warmest and fluffiest.
Speaker 1 (08:17):
You just want a vetting process. And your vetting process
isn't like, you know, do you have any business being here.
It's just I want to make sure that you are
either warm or fluffy, ideally both, you know, in which
case I'll just hand you a check for thirteen hundred
and fifty two bucks right now.
Speaker 2 (08:31):
Yeah, okay, it sounds about right, got it? Got it now?
Not everybody is like Joel. Not everybody would want to
hand over.
Speaker 1 (08:41):
That kind of money or vet the uh the legal
immigrants for the level of warm and fluffiness. But if
you did not enjoy paying thirteen hundred and fifty two
dollars last year, well you can also realize that you
(09:04):
were forced to. As you file all your taxes, you
can feel good about that also knowing that illegal immigrants
were responsible for over a third of all federal crimes
last year. So now you paid over thirteen hundred and
fifty bucks to become that much more likely to be
a victim of illegal immigrants. And but wait, that's not
(09:27):
all because also the inflation impact, so we're just talking
about housing, inflation, everything else. One of the other things
I was able to do was put together the inflation
impact of the illegal immigration. And what I was able
to find out is, oh, during the Biden years, the
average cost of living rose by two hundred and eighty
eight dollars per month attributable to illegal immigrants. And that's
(09:51):
the number one place was housing. What happened with all
those illegal immigrants that came in this country, They took
up all the affordable housing, and that drove up the
cost of housing across the board. And so that brought
per household, the next cost of illegal immigration to you
forty eight hundred and eight dollars last year hard cost
(10:13):
thirteen hundred and fifty two, soft cost factory in inflation
forty eight hundred and eight. So who wouldn't want to
burn through forty eight hundred bucks a year per household
to facilitate over a third of all crime just to
generally support illegal immigration. Based on the look on Joel's face,
(10:34):
I think even he's not on board anymore, not even
with the warm and fluffies. Yeah, I mean yeah, draw area,
you gotta be real warm, real fluffy, gotcha. Okay, so
only the warmest and fluffiest. But wait, there's still more,
because here's the next piece of this story. In Florida,
we just found out how much we paid for the
healthcare of illegal immigrants in our state last year, six
(10:58):
hundred and sixty million dollars. So, according to the Florida
Agency for Healthcare Administration, a total of sixty seven seven
hundred illegal immigrants made emergency room visits, racking up huge
bills that were once again paid for by you and me.
So that comes to an additional seventy seven dollars and
nineteen cents per Florida household. So you did end up
(11:22):
getting to spend even more on illegal immigrants. You can
feel good about that, So just throw that on your tab.
And of course, there's also the potential that legal Floridians
were not able to receive timely emergency care because why well,
you had those tens of thousands of legal immigrants that
were utilizing resources, right, I mean, what are the possibilities
(11:48):
out there that maybe legal citizens died waiting for emergency
care that was being directed towards illegal immigrants.
Speaker 2 (11:59):
I am sure that any moment.
Speaker 1 (12:02):
Now, local news outlets who claim to really be on
your side, they're really looking out for you. They like
doing investigative stories, but only during like ratings periods, And
I'm sure they'll really get on it and dig into
this one to see how many people, how many Floridians
died in emergency rooms waiting for care because resources were
(12:25):
taken by illegal immigrants, and also just accurately reports these
seventy seven dollars and nineteen cents per household that you
had to pay for those illegal immigrants to get that
healthcare too. I'm sure they will be all over that
any moment. Now. Oh that's wait, they're they're too busy
finding new politically correct ways to not offend illegal immigrants.
Speaker 2 (12:47):
Take, for example, this lead line to a story yesterday.
Speaker 1 (12:50):
It's like every day in our local news, but you
can find examples of this.
Speaker 2 (12:54):
The one I found yesterday.
Speaker 1 (12:57):
Lead line is an undocumented immigrant of the Trendiagua gang
was arrested in New Orlando.
Speaker 2 (13:05):
You know that stands in contrast, of course, to what the.
Speaker 1 (13:07):
Uh the illegally documented members of the trendi Agua gang
that are over here. See as the next time that
you look at a medical bill and wonder how it
came to be so much, you can feel good knowing
that you're paying for illegal immigrants too, which is yet
one more reason, by the way, why all illegal immigrants,
(13:30):
not just those who commit additional crimes once they're here,
should be deported. Given the cost of illegal immigrants to us,
tell me again how they are not effectively stealing from
us every single day they're here.
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