July 30, 2025 • 38 mins
Today on the Jimmy Barrett Show:
- Jerome Powell is scared to death
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
Well, what we need is more common sense breaking down
the world's nonsense about how American common sense.
Speaker 2 (00:13):
Will see us through with the common sense of Houston.
I'm just pro common sense for Houston. From Houston. This
is the Jimmy Barrett Show, brought to you by viewind
dot Com.
Speaker 3 (00:29):
Now here's Jimmy Barrett. All right, we are here on
a Wednesday. Welcome to the program here today. I would
like to start with something I see repeated over and
over and over again, which is the unintended consequences of
government action. When government tries to solve a problem, they
(00:49):
generally create a different problem. The one problem goes away,
but a different problem takes its place, and that happens repeatedly,
over and over and over again. And it is just
happened again here in Texas. Now you may recall a
starting what was it starting July?
Speaker 1 (01:08):
The first?
Speaker 3 (01:09):
I think it was the state made the switch from
paper temporary plates to metal temporary plates. The reason why
they did it is because they was a huge problem
with people doing counterfeit paper plates or in many cases,
(01:29):
stealing paper plates from one vehicle and putting it on
another vehicle. And it got to the point where they
just thought, well, we just need to do way with
these temporary paper plates. They're too easy to steal, and
you know, and we have people cheating the system. So
this way you'll get You'll get a temporary plate that
(01:52):
can be tracked a lot easier than these paper plates
and obviously much more difficult to counterfeit. Okay, that's turned
out to be the case. Certainly, they are more difficult
to counter to counterfeit. You can't counterfeit a metal plate
the way you can a paper plate. But have we
traded the problem of stealing the paper plates to now
(02:15):
of people stealing the metal plates. At least in one neighborhood,
that turned out to be the case. I saw this
story on ABC thirteen. Here's the report of the guy
who had his metal temporary plates stolen.
Speaker 4 (02:29):
I was leaving for work one morning and I noticed,
I'm like, man, fire a my plates missing.
Speaker 5 (02:33):
Adrina Drobles says he found the answer to that question
after looking at his security camera video.
Speaker 4 (02:39):
The only really move that I saw was from my neighbor,
who I have caught in the past stealing other items
from me.
Speaker 5 (02:47):
Ro Bless says his neighbor initially denied stealing the license plates.
But after law enforcement got involved, Roblest says the next
day his neighbor brought them back.
Speaker 4 (02:58):
You know where'd you find them?
Speaker 2 (03:00):
Tell me anything?
Speaker 5 (03:01):
Still at that point, Robles says he already went through
the process of getting replacements.
Speaker 4 (03:06):
I think the replacement plates cost me like seventy dollars.
Speaker 5 (03:09):
Harris County Constable Precincts four says it anticipates an increase
in license plate thefts because of the state's change to
eliminate paper tags and to transition to metal license plates.
The goal, according to the state's DMV website, this is
meant to enhance security, prevent fraud, and strengthen tropic enforcement.
Precinct four says, if your license plate is stolen, file
(03:32):
a police report, immediately report the theft to your county
tax office, and complete a form to get new plates.
Speaker 1 (03:39):
I had my tolls sides to that plate insurance.
Speaker 5 (03:42):
This experience pushed Robles to take extra safety measures, ultimately
trying to prevent this in the future.
Speaker 4 (03:48):
I you go, ahat anti theft fasteners. I haven't had
anybody else trying to speel my plates.
Speaker 5 (03:55):
Well, this is an example of what those anti theft
fasteners look like. And they're supposed to make it are
difficult for people to steal your license plate because you
have to have a unique troll to actually.
Speaker 1 (04:04):
Get these off.
Speaker 5 (04:05):
The Constable's Office recommends getting these as well as constantly
checking your license plate to make sure it's there, and
also memorizing your license plate number.
Speaker 3 (04:14):
Yeah, just amazing how many people don't know what their
license plate number is. I think I potentially solved two problems.
It was expensive way to do it, but I think
I potentially solved two problems when it comes to stolen plates.
For myself, I have vanity plates on my vehicle. On
both the vehicles to have a vanity plate on it,
(04:35):
so it's a unique message, which makes it easy for
me to remember what it is first and foremost, and
second of all, I would assume maybe I shouldn't, but
I would assume that a thief would think twice about
stealing a vanity plate because that would be that will
kind of stick out. Don't you think it probably would
kind of stick out. It's a lot pretty easy to
(04:56):
track a vanity plate, I would think. I just I
just wondered, did we create a bigger set of problems
here with these metal plates? Because you have to jump
through more hoops now to get a replacement. If if something,
if somebody stole your paper plate, it was not that
big of a deal. Somebody steals your metal plate, then
(05:17):
you got you gotta pay seventy bucks. You gotta, you know,
you gotta, you gotta do all this paper work. It's
it's a pain. Which is not to say that you
can eliminate every problem that goes along with something like this.
And maybe they're achieving the majority of their goal here.
If the majority of the of the goal is to
prevent fraud, then maybe that will help. Although you know,
(05:42):
I guess, I mean, do they have a It depends
on if if the the police have a license plate scanner.
If you have a license plate scanner, then would be
pretty easy to catch these people, right because you would
you would be able to just you know, while you're
out on patrol, you'd be scanning license plation when you
come across one that's stolen. That's pretty easy to apprehend
(06:05):
the person responsible for stealing it. I guess there's no
system you can come up with that's one hundred percent
fool proof in a fraud. The fraud part of it,
I guess it was the major concern. You know, you're
never going to stop people from stealing those things. Although
I did find it interesting in that report. I'm gonna
have to look that up. These fasteners there, there's special
there's fasteners that you can get that you need a
(06:28):
special tool in order to be able to remove the
license plate. Now, I assume at some point in time,
you know, the thieves will have the special tool as well.
But for your average person who's just randomly stealing license plates, it,
you know, when when they see that they're attached in
a way that they can't remove it, they're going to
(06:48):
move on to a much easier target. At least I
would I would think that would be the case. It's
all about availability. I mean, for example, right now in
our neighborhood. Interestingly enough, we live in North Harris County,
right near the Montgomery County line, and there was for
a while a rash of tailgate thievery, people stealing tailgates
(07:13):
off the back of pickup trucks. I have a pickup truck,
Chevy Silverado. And what the advice was, and it's good advice,
and I started doing it. The advice was and they
would just walk up, They walk up to the vehicle
in your driveway, and they would just remove the you know,
like a cataltic converter. They just quickly would remove the tailgate.
I know, are the a lot of trucks that are
(07:34):
missing tailgates? Is there like a big market after market
for tailgates? And they remove your tailgate? So what I
started doing, and what they advise you to do is
instead of parking your truck with the hood facing the
garage door, you park it with the back end facing
the garage door and you get it as close to
the garage door as you can, so there's not enough
room for a thief to work. All right, quick little
(07:55):
break back with morn of the moment Jimmy Barrett Show.
You're on a nine fifty KPRC. M all right, a
couple of stories to catch up on. We spent all
(08:17):
the time yesterday on the on the Manhattan shooter, and
as it turns out, the information we had was was correct,
but but it leaves us with plenty of questions. For example,
the guy who went into that office building in Manhattan
and shot the place up. A couple of things have
(08:39):
come out that we've learned. Number one of the guys
from Las Vegas. I think we knew that yesterday. I
didn't think we realized yesterday that he's as was a
security casino security guard. How do you get a job
as a security guard when you've got mental health, well
documented mental health issues. Huh. Maybe they didn't do a
(09:00):
lot of vetting. Maybe they're not real picky about their
security guards. I would think a security guard at casino
you'd be fairly particular about, right, I would think so.
Maybe maybe not, I'm not sure, But anyway, that's what
he was doing for a living. We know that somebody
bought part of the ar style rifle that he used,
(09:22):
so that person is likely to be prosecuted to the
fullest sixs of the law. That's the second thing we learned.
The third thing we learned we got confirmation that his
target was the National Football League because he believed that
he had a CTE injury, you know, from head trauma
(09:43):
concussions from playing football. He didn't play past high school.
High school football was the last he played football. And
they talked to his coach and his coach said, no,
he he never had a head injury to his knowledge.
The coach say he never had a single head injury,
so you know how he got in his head that
(10:06):
somehow his mental health problems were caused by a CTE injury.
Who knows, but they talked to his coach. They also
determined that because he went I think I forget what
floor he went to, but he went to the wrong floor.
The NFL was like on the fifth floor, and he
went to like the thirty third floor or something like that.
Speaker 1 (10:26):
He went to the wrong floor. So the reason.
Speaker 3 (10:28):
Why the person who got shot on that floor, you know,
just bad luck. He didn't end up in he didn't
go to the correct office for the National Football League,
otherwise he might have done his shooting there. So we
learned a little bit about that. And of course there's
always the Monday morning quarterbacking about safety and all the
other things they go along with it. Fox has a
(10:51):
lot of former nyp'd of course they're based out of
New York, a lot of former NYPDS. Executive Intelligence officer
is one of them. He's retired. Paul Morrow's on a
lot of their shows. Here hiss his thoughts on what
happened with that Manhattan shooting.
Speaker 6 (11:08):
My first thought went to, and I know that command
very well, I worked there as a foot cop, and
I thought it might be because it seems so targeted.
A domestic incident, something where somebody inside the building who
worked there, or maybe a workplace violence incident where somebody
had been fired or something like that. It looks like
in this incident, as the contours of this begin to coalesce,
(11:29):
it looks like the motive here is even murkier. And
as I was saying last night, the motive in a
situation like this matters because you want to make sure
the person's not part of a group, doesn't have accomplices,
and isn't carrying out some mission or terrorism, so that
you can say at some point, as the police commissioner
did last night in the press conference, which was welcome news,
(11:49):
that the threat is mitigated.
Speaker 2 (11:50):
What do you make of the fact that his part
of his gun was delivered given to him by an associate.
Speaker 6 (11:55):
That's going to be a definite node of investigation, because
you have to see how witting that was done. Was
it done with cognizance of the fact that this person
was planning to do something like this. The other issue
is that what part of the gun was purchased matters.
There are parts, and then there are parts. If it's
the operative part of the gun, so to speak, the
thing that actually makes the bullet fire, well, then buying
(12:17):
it for somebody else is a violation of federal law.
So you have a heavy lever there against the person
who did this, as well as the fact that the
person reportedly bought the handgun. That is definitely something they
have to chase down to see if there's more underneath
this story.
Speaker 3 (12:31):
Yeah, he still wasn't giving out all the details that
we were even giving out yesterday, but that information about
the National Football League that was confirmed that he had,
as we said here, so he had left a note
and stated to the note the reason why he was
upset and who he was upset with. Again, how you
blame the National Football League for something that may have
(12:52):
happened to you in high school, if it happened at all,
I'm not quite sure, but that was evidently his motivation.
All Right, what else we got to talk about today?
Let's do this one. I didn't get a chance to
do this one this morning, so this is fresh material. Oh,
the GDP came out today up over three percent, a
lot more than expected. Gross domestic product. That is more
(13:16):
great economic news. And again, you know the doomsayers, they
do not want to believe that the Trump economy could
be working. You know, you've got a fed share who
is convinced himself that the teriffs are going to be
inflationary and will not lower interest rates. I think it's
(13:37):
more than just any I think the tariffs is just
an excuse to be honest with you as far as
lowering interest rates. But you have all these other people
who want to talk about how the tariffs aren't going
to be inflationary or I've even heard people talk about
how the tariffs are going to lead to a recession.
That's what's going to happen. These tariffs will lead to
a recession. The economic news that's been coming out would
(13:59):
seem to refute that pretty clearly. Even Bill Maher I
swear Bill Maher is getting slightly more conservative every time
I hear hear him. I hear him talk to a
lot of people about some of the Trump things. Here's
what Bill Maher said about what the so called experts
(14:19):
were saying about the terrorists and recession. And some response
on the other end from one of our favorite people,
the economist E. J. And TONI tariffs.
Speaker 7 (14:27):
Now, I remember, I, along with probably most people, were
saying at the beginning, oh, you know, by the fourth
of July, somebody had a saying how the country was
the economy was going to be tanked by then, and
I was kind of like, well, that seems right to me,
But that didn't happen.
Speaker 1 (14:46):
The stock market is at record heighs.
Speaker 7 (14:48):
I don't see a gun freaking a depression at all.
I see people out there just living their lives.
Speaker 8 (14:54):
What we've seen just in the last couple of days
from the Atlanta Fed, from the Saint Louis Fed, from
the New York Fed, all of their estimates have gone
up in terms of GDP, and we're continuing to see
some of those missing imports as we called them, from
the first quarter find their place in the second quarter data.
In other words, we got all of the numbers as
stuff got imported into the country in Q one. A
(15:15):
lot of that was just front running of tariffs, but
it didn't all immediately show up in either business inventories
or in consumer spending. As that shows up in the
second and subsequent quarters. What's subtracted out of GDP is
now added back to GDP. So you're seeing pretty good
growth numbers here, especially if you just look at domestic purchases.
So again, as you were saying earlier, Brian, the experts
(15:36):
were wrong.
Speaker 3 (15:37):
Yeah, but worse the lower interest rates. Yeah we had
the Fed today. Yeah, today was today. So another month
goes by. Now it'll be next month before they considered again.
By the way, guests coming up on the topic, his
name is ty Lassider. He's the CEO of Lassidor Capital.
He not only thinks that the FED should have been
cutting interest rates quite a while ago, he also believes
(15:59):
that should replace Powell, should fire him, is unprecedented to
do so. I think the only reason why he hasn't
done it is over fear of what it might do
on Wall Street, because we would likely at least temporarily
tank Wall Street if he did something like that. But hey,
(16:20):
he needs to do something, you know, how do you
how do you get? And he's Jay Powell's kind of
the lone wolf now on the on the Fed. Who's against,
you know, lowering interest rates? The cheese stands alone in
this particular case. All right, Another thing that caught my
eye today is this Wall Street Journal poll. Let's talk
(16:41):
about that for a second Wall Street Journal poll showing
just how unpopular Democrats have become, only thirty three percent
approval rating in general for the party sixty three percent downright,
don't like Democrats at the moment. Now that could change,
(17:03):
but these are the lowest poll numbers that Democrats have
had in forty years, and you really have to wonder
about that. Greg Guttfeld on his show last night talking
about this extreme unpopularity.
Speaker 9 (17:17):
The latest Wall Street Journal poll has the GOP steadily
rising while the DEM's plummet. Voters trust Trump's Republican Party
more on immigration, the economy, foreign policy. To put it politely,
Trump is curb stomping these no nothing bitches. Help Even
dried up lefties are saying the country is moving towards Trump.
Speaker 10 (17:41):
To be honest with you, the country is moving towards Trump.
I mean these polls that come out and show him
not doing well, I don't buy that. I think strength,
his strength is still greater than the Democratic strength. He
is a stronger public figure then the Democratic people. I
mean Obama stow has tremendous charisma, but Trump has strengths,
(18:04):
and I think that's what all the voters look for.
But they wanted to president who's a strong figure and
he's got it.
Speaker 1 (18:13):
All these old.
Speaker 9 (18:14):
Guys do their podcasts sitting on the toilet, straining anguish faces,
hunts ober. I mean, that's just like, I don't know,
but when.
Speaker 1 (18:32):
Chris is given up on you, you're in trouble.
Speaker 9 (18:35):
I mean, that's like Hillary Clinton boycotting a rope.
Speaker 1 (18:40):
I don't even get that joke. So what's left for
today's dams.
Speaker 9 (18:45):
Well, they and their buddies in the media have spent
so long building themselves a fortress of fantasy where crime
is compassion men or women, borders are optional, and dementia
is considered mentally sharp.
Speaker 1 (18:57):
But when your whole enterprise gets exposed, it may not
be possi simple to survive.
Speaker 9 (19:01):
You know, there was a point when the USSR saw
that the jig was up, a realization set off by
the Berlin Wall falling. Biden was that wall for the Dems,
an artifice erected to keep us apart but revealed to
be no longer functioning, And once the cover up of
his incapacity.
Speaker 1 (19:18):
Was exposed, the wall came down.
Speaker 9 (19:20):
The Dems quickly grabbed another candidate, but it felt like
just another wall or one as dumb as one. Now,
the party may continue down this road, but they can
only persuade the dumb and uninformed because everyone else is leaving.
Speaker 1 (19:37):
It's like when the wall.
Speaker 9 (19:38):
Fell, humanity only fled one way. No one flees back
into a sinking ship, especially when sinking is exactly what
it deserves.
Speaker 1 (19:48):
Greg got filed from his show last night.
Speaker 3 (19:50):
All right, quick little break, We're back with Ty Lassiter,
the CEO of Lassater Capital, to talk about the bed
it's coming up next year on a fifty KPRC and
the Jimmy Barrett Show. All Right, we are with Ty Lassiter,
(20:20):
the seal of Lassiter Capital. J Paul seems to be
scared to death, well one of two things. He's either
scared to death to lower interest rates for whatever reason,
because he actually believes that terariffs are inflation area though
we haven't seen evidence of that. We haven't seen the
inflation monster. We're it's ugly head or he's playing politics,
(20:41):
I'm not sure, or maybe it's a combination of both.
I don't know at this point, though, Ty, it's getting
kind of ridiculous, don't you think.
Speaker 11 (20:49):
Oh, it absolutely is. And I think you're exactly right.
I think he's playing a little bit of both at
this point, and it almost seems as though for every
step Trump takes to try and put pressure on him,
he takes the complete opposition. So, you know, I think
at this point we're going to have to just set
back and expect for the worst as he finishes out
(21:11):
his term through May, and it is going to be
what it is kind of for a little bit.
Speaker 3 (21:16):
Now. I noticed that you are of the opinion that
President Trump should fire him. I think there's a general fear,
maybe it's irrational fear, but a general fear that if
Trump would actually fire Jerome Powell, that the stock market
would create.
Speaker 1 (21:32):
Yeah.
Speaker 11 (21:33):
I mean, I am of the opinion that Jerome Powell
should not be in that seat anymore. However, I think
if the President steps in at this point and fires
him for cause, I think it does exactly that. I
think it creates a bigger problem, and I think we
see much stronger inflation for much longer, and then I
(21:57):
do think we see an inverse of that on the
mortgage rates versus the ten year treasury yield.
Speaker 3 (22:07):
I'm guessing that that's probably the main reason that the
President is so eager to get these interest rates down.
Is he wants the housing market to pick that back
up again. I think it's generally considered. I want to
see if you agree with this that the housing market
right now is the weakest link in the economy.
Speaker 11 (22:24):
Oh, no doubt is. And I think that's where the
benefit of having a president that's in real estate in
the White House. It takes a grave deal of patience
to impact the real estate market. I always say that
moving the real estate market is like moving a large
ship or a large container cargo ship versus impacting the
(22:49):
stock market and Wall Street is like moving a speedboat.
And so Trump's playing the long game, no doubt. And
he knows that any tweet he makes or any common
he makes is going to shift the market in Wall Street.
But he's going to continue to play the long game
because I think his focus right now is on Main Street.
(23:10):
He is focused on impacting the eighty percent of Americans
that can't afford to live months and months right now.
Speaker 3 (23:18):
Yeah, Yeah, we have an affordability problem, There's no doubt
about that. But that that aside. We found out today
ty Lassiter that the GDP gross domestic product went up
over three percent, much more than expected.
Speaker 11 (23:33):
Yeah, And I think that's a huge testament to the
EU deal that got cut last week, and knowing that
we're going to have a focus on drilling again and
on oil again, and I think we're going to start
seeing a lot more global trade and we are we
as a country, are getting back to stabilization or normalization
(23:58):
across the world and across the globe trading market. And
that is a byproduct of the tariff fights that that
Trump has been pushing. And I think we all know
that Trump shoots for the moon and he'll make big,
bold statements, but that's not always what he's trying to get.
He knows that if he doesn't start that high, he's
(24:19):
not going to get what he wants. And so I
think we've ended up with some fair trade deals at
this point, and I think we're going to continue negotiations
with China and we're going to see some of the
same impacts there. Yeah.
Speaker 3 (24:31):
I think that's the lynchpin, don't you, China. That's that's
going to be the most difficult deal to get. And
if if they do manage to get a fair trade
deal with China, then I think it's Katie bar the
door at that point.
Speaker 11 (24:45):
No doubt, no doubt. I think at this point we
are in a race to technology, and I think right
now the US controls the lead with AI. However, we
know that for a long time China has controlled our
technology market because of their manufacturing, and so I think
(25:08):
a focus on that and bringing chip manufacturing back to
the United States is going to be a large play.
And how well these negotiations go.
Speaker 3 (25:17):
We're talking with thy Lassiter, he's the CEO of Lassidor
Capital joining us here on AM nine fifty KPRC. You know,
we were just talking about the housing market and mortgage rates.
I've kind of been of the opinion. I don't know
if this is still the truth, because there's other things
they've kind of reared their ugly head here, but I've
always kind of been of the opinion if we could
just get mortgage interest rates down around or slightly below
(25:41):
five percent, that the real estate market would take off again.
What do you think?
Speaker 11 (25:46):
Yeah? Absolutely. I can remember back to my dad getting
a loan on a house that we moved into when
I was in junior high and we were at about
six and quarter percent, and I remember when interest rates
dropped below six percent and the market just boomed. At
(26:06):
that point, the real estate market boomed, and we have
borrowers and owners that are refinancing. You have buyers buying,
you have seller selling, and right now we have seller
selling and nobody buying. And that's going to be the
case until we bring interest rates down and focus on
(26:28):
the real estate market and not just inflation. I think
at this point, inflation is what it is, and it's
going to normalize as the economy moved on and we
start building back our real estate market, and right now
we're not doing that.
Speaker 3 (26:46):
The other area that I'm concerned about is relates to housing.
I know that you're not an insurance expert buying strightty
the imagination, but I'm sure you see as well as
all of us do, what's happening in the insurance industry
and how high insurance costs have gone us. So, actually,
if you live in a state like Texas and have
property anywhere near the Gulf Coast, you know those rates
(27:06):
have gone through the roof. You combine, you know, the
high rates, the higher home values with the property tax rates,
with higher insurance costs and a higher interest rates, and
that's that's a pretty tough formula. You've tried to sell
a home in absolutely.
Speaker 11 (27:21):
And I mean I'm not an insurance expert by any means,
but I am a huge I have a huge impact
by insurance. We've got about forty five hundred apartment units
and single family houses across the United States, and in
twenty twenty four, we saw our insurance rates go up
by nearly forty percent. Now, coming into twenty twenty five,
(27:44):
because of the volume that we have, we were able
to negotiate some good new rates and brought those back
down by about twenty eight percent. But that is the
issue that we have right now. We've got interest rates
that are out of control. We've got some property taxes
that are unaffordable, and so housing in general is just unaffordable.
Speaker 3 (28:07):
Yeah, and wages haven't kept up of both. I think
we're we're probably going to see some movement there, though
hopefully part of that will have to do with the
immigration policies. You know, they're gonna have to You're gonna
have to pay Americans more money to do jobs that
Americans don't want to do, and there'll be fewer people
around to do the jobs Americans don't want to do.
Speaker 11 (28:27):
That's exactly right. But I think that's a good thing.
You know. I think it's not that Americans don't want
to do the jobs, but it's that if they're not
going to get paid a wage that allows them to
support themselves and their families, then they have no desire
to do it. But if you look at industries like
waste management, waste management has some of the best blue
(28:50):
collar salaries, UH and wages across the United States. And
I mean I talked to our waste management people twice
a week every time they come by. They're eager to
do their job, they do a great job at it,
and they're paid fairly for it. And so I think
when you bring that across the industries, it brings the
(29:12):
desire to be in the workforce back to America again.
Speaker 3 (29:17):
Well, and I think too a lot of high schoolers
are rethinking the whole college thing again. College has gotten
very expensive. They can see that there are a lot
of people who get degrees that don't allow them to
make a great living. You have to get all that
education to become a teacher, and then you're underpaid compared
to a lot of blue collar jobs. There's seems to
be more of an interest in the skilled trades again,
(29:38):
which is a good thing. I mean, you can replace
a lot of skilled trades people who maybe are not
going to be in this country anymore with Americans who
are starting to realize that that's a great way to
make a living.
Speaker 11 (29:49):
Well. I think you were touching on every aspect of
the economy right now that is impacting why America is
what it is today, and so I love this segment
this morning. I think you bring a really good point.
We do not have enough tradesmen right now, and there's
not enough people in plumbing school, electrical school, and HVAC,
(30:09):
and we're going to run into issues in the next
decade as baby boomers are selling those types of businesses
and we don't have enough tradesmen to step in and
take over. And so I think some of the young
Americans are seeing that now and kids coming out of
high school. And you brought up a good point with
(30:30):
the cost of college versus the value of it coming
out of it, and so I think what kids are
seeing right now is number one, it doesn't justify the
cost of school. And secondly, most of the universities have
become so controlled with their propaganda and their message that
(30:50):
doesn't align with what high schoolers right now know to
be the value as America is going to be in
the next decade.
Speaker 1 (30:59):
Ye, you're right about all that tie.
Speaker 3 (31:01):
Pleasure to talk to you man, best of luck and success,
and thank you for being on our show today.
Speaker 1 (31:06):
It's good to speak with you.
Speaker 11 (31:08):
Absolutely, it's a great pleasure this morning. Thank you you.
Speaker 3 (31:10):
Bet Ty Lassiter, the CEO of Lassiter Capital, back with
more in a moment Jimmy Baird Show here on the
AM nine fifty KPRC. All right, before we leave today,
(31:35):
today's the fiftieth anniversary of kind of an important event,
maybe more important from my perspective only because where I
grew up. But it's still one of those mysteries that
has never really been solved. I mean, there's been all
sorts of theories about what happened to Jimmy Hoffa, but
(32:00):
nobody has ever solved the crime. So I remember, you know,
because I was a kid at the time, but I
remember that when he disappeared, he disappeared from what's called
Maccus's Red Fox restaurant. Restaurant's not there anymore, but he disappeared.
He was supposed to meet, you know, basically a mobster.
(32:24):
He's supposed to meet this this guy at the restaurant,
and the guy never showed up at the restaurant, and
so Jimmy Hoffer left the building and then he disappeared.
The feeling being that what happened was is that they
came to pick him up at the restaurant and he didn't.
(32:45):
Instead of sitting down having lunch with this guy in
the restaurant in a public place, he ended up going
in a vehicle to wherever it is that they took him,
and they obviously they killed him. I don't think there's
any doubt about that. Jimmy Hoffer was never found, no
trace of him ever found. He never reappeared, so it's
not like he became part of the witness protection program
(33:06):
and went somewhere. You know, he wanted to reacquire control
of the United Autoworkers. I'm sorry to the Teamsters, and
you know, at that time, the Teamsters very powerful union.
I guess there's still powerful to a certain extent in
places like Detroit. But Jimmy Hoffett wanted to get that
job back in the mob, which had a lot of
(33:29):
financial ties, at least at the time to the Teamsters.
Didn't want him to get the job back. So it's
pretty popular conjecture that they had him eliminated. How they
had him eliminated, I'm not sure. I've read several different
books on the topic. Most of them have him killed
(33:50):
somewhere not that far from the restaurant, and then his
remains were disposed of, and that's where that's where the
conjecture comes in. That's where the mystery. The mystery is
not that Jimmy Hoffer disappeared.
Speaker 1 (34:04):
We know that.
Speaker 3 (34:05):
The mystery is not that Jimmy Hoffer was killed. We
know that, at least we feel we do. The mystery
is what happened to him? Where where did he go?
You know, if you're the mob and you kill this guy,
you want to make sure that he's never found or
you want to send a message somehow. So every construction
(34:30):
project that was going on at the time of his disappearance.
They were building the Renaissance Center in Detroit, which was
their big revitalization project. You know, three big tall towers
in downtown Detroit, and of course a lot of you know,
the teamsters. Obviously, they have plenty of trucks, they have
(34:53):
all sorts of ways to move things around where you
wouldn't know they were moving it around. So one of
the conjecture was maybe they buried him at the construction
site and built a building over the top of him.
You're never going to find him that way. And then,
of course there's the other one that said that after
they killed him, they ran him through like a meatpacking
(35:16):
plant kind of a thing where they just chopped up
his body and as many different pieces as they could
so it's completely identifiable. And then they put it in
to some sort of a container, like a metal barrel,
oil drum kind of a thing, stuck that on a truck,
sent it to New Jersey, and buried him in the
meadowlands where they were building Giants Stadium at the time.
(35:39):
Who knows, who knows, but it's fifty years ago that
this happened, and you're not going to know now at
this point. I mean, even his son is pretty much
an old man at this point. I know the family
probably has its thoughts on what happened to him. I
(36:00):
doubt if they have any definitive thoughts about where he
might be. You know, the fact of the matter is
that that probably more than likely he is not anywhere
that they whatever they did to and they probably did
chop him up into a million different pieces and disposed
of him. But I don't think they just I don't
(36:20):
think they would drive him out of state. Why would
you take a chance like that. You know, you might
as well just, you know, dispose of him as quickly
as you possibly can. You could bury an oil drum
anywhere you'll want to. You don't have to go all
the way to New Jersey to do it. Or maybe
ended up in a landfill somewhere. Who knows. But the
(36:40):
point is, I guess we never will know, just like
you know, will we ever really know who ultimately was
responsible for killing John F. Kennedy, If there was a
plot behind the assassination of Martin Luther King, if there
was a plot behind the assassination of RFK. You know,
(37:01):
in the sixties, think about this. In the we we
have a tendency to look back with nostalgia right at
the sixties and the seventies as a less violent time.
Speaker 1 (37:09):
No, no, not not really, not really.
Speaker 3 (37:13):
I get the nostalgia because it's from our youth, but
I mean, those are dangers. The sixties and the seventies
were a very dangerous time. Dangerous for crime, dangerous for
this type of activity, you know, political assassinations, very dangerous time. Now,
I'm afraid we're never going to know exactly what happened
(37:34):
to Jimmy Offfen, and I guess we're okay with that
right at this point is every year goes by, we
become less and less curious about it. Don't even think
to talk about it anymore unless it's on an anniversary
like this one. Next year, probably know you'd be talking
about fifty first anniversary. Doesn't mean much. All right, We're
leaving at that for today, y'all. Have a great day,
what's left of it? See you tomorrow morning, right early
at five AM over our news radio seven forty KRH.
(37:57):
We're back here at four on AM nine fifty kPr.
Speaker 1 (38:00):
See the
Speaker 11 (38:05):
Banded and then the Banded b
Well, what we need is more common sense breaking down
the world's nonsense about how American common sense.
Speaker 2 (00:13):
Will see us through with the common sense of Houston.
I'm just pro common sense for Houston. From Houston. This
is the Jimmy Barrett Show, brought to you by viewind
dot Com.
Speaker 3 (00:29):
Now here's Jimmy Barrett. All right, we are here on
a Wednesday. Welcome to the program here today. I would
like to start with something I see repeated over and
over and over again, which is the unintended consequences of
government action. When government tries to solve a problem, they
(00:49):
generally create a different problem. The one problem goes away,
but a different problem takes its place, and that happens repeatedly,
over and over and over again. And it is just
happened again here in Texas. Now you may recall a
starting what was it starting July?
Speaker 1 (01:08):
The first?
Speaker 3 (01:09):
I think it was the state made the switch from
paper temporary plates to metal temporary plates. The reason why
they did it is because they was a huge problem
with people doing counterfeit paper plates or in many cases,
(01:29):
stealing paper plates from one vehicle and putting it on
another vehicle. And it got to the point where they
just thought, well, we just need to do way with
these temporary paper plates. They're too easy to steal, and
you know, and we have people cheating the system. So
this way you'll get You'll get a temporary plate that
(01:52):
can be tracked a lot easier than these paper plates
and obviously much more difficult to counterfeit. Okay, that's turned
out to be the case. Certainly, they are more difficult
to counter to counterfeit. You can't counterfeit a metal plate
the way you can a paper plate. But have we
traded the problem of stealing the paper plates to now
(02:15):
of people stealing the metal plates. At least in one neighborhood,
that turned out to be the case. I saw this
story on ABC thirteen. Here's the report of the guy
who had his metal temporary plates stolen.
Speaker 4 (02:29):
I was leaving for work one morning and I noticed,
I'm like, man, fire a my plates missing.
Speaker 5 (02:33):
Adrina Drobles says he found the answer to that question
after looking at his security camera video.
Speaker 4 (02:39):
The only really move that I saw was from my neighbor,
who I have caught in the past stealing other items
from me.
Speaker 5 (02:47):
Ro Bless says his neighbor initially denied stealing the license plates.
But after law enforcement got involved, Roblest says the next
day his neighbor brought them back.
Speaker 4 (02:58):
You know where'd you find them?
Speaker 2 (03:00):
Tell me anything?
Speaker 5 (03:01):
Still at that point, Robles says he already went through
the process of getting replacements.
Speaker 4 (03:06):
I think the replacement plates cost me like seventy dollars.
Speaker 5 (03:09):
Harris County Constable Precincts four says it anticipates an increase
in license plate thefts because of the state's change to
eliminate paper tags and to transition to metal license plates.
The goal, according to the state's DMV website, this is
meant to enhance security, prevent fraud, and strengthen tropic enforcement.
Precinct four says, if your license plate is stolen, file
(03:32):
a police report, immediately report the theft to your county
tax office, and complete a form to get new plates.
Speaker 1 (03:39):
I had my tolls sides to that plate insurance.
Speaker 5 (03:42):
This experience pushed Robles to take extra safety measures, ultimately
trying to prevent this in the future.
Speaker 4 (03:48):
I you go, ahat anti theft fasteners. I haven't had
anybody else trying to speel my plates.
Speaker 5 (03:55):
Well, this is an example of what those anti theft
fasteners look like. And they're supposed to make it are
difficult for people to steal your license plate because you
have to have a unique troll to actually.
Speaker 1 (04:04):
Get these off.
Speaker 5 (04:05):
The Constable's Office recommends getting these as well as constantly
checking your license plate to make sure it's there, and
also memorizing your license plate number.
Speaker 3 (04:14):
Yeah, just amazing how many people don't know what their
license plate number is. I think I potentially solved two problems.
It was expensive way to do it, but I think
I potentially solved two problems when it comes to stolen plates.
For myself, I have vanity plates on my vehicle. On
both the vehicles to have a vanity plate on it,
(04:35):
so it's a unique message, which makes it easy for
me to remember what it is first and foremost, and
second of all, I would assume maybe I shouldn't, but
I would assume that a thief would think twice about
stealing a vanity plate because that would be that will
kind of stick out. Don't you think it probably would
kind of stick out. It's a lot pretty easy to
(04:56):
track a vanity plate, I would think. I just I
just wondered, did we create a bigger set of problems
here with these metal plates? Because you have to jump
through more hoops now to get a replacement. If if something,
if somebody stole your paper plate, it was not that
big of a deal. Somebody steals your metal plate, then
(05:17):
you got you gotta pay seventy bucks. You gotta, you know,
you gotta, you gotta do all this paper work. It's
it's a pain. Which is not to say that you
can eliminate every problem that goes along with something like this.
And maybe they're achieving the majority of their goal here.
If the majority of the of the goal is to
prevent fraud, then maybe that will help. Although you know,
(05:42):
I guess, I mean, do they have a It depends
on if if the the police have a license plate scanner.
If you have a license plate scanner, then would be
pretty easy to catch these people, right because you would
you would be able to just you know, while you're
out on patrol, you'd be scanning license plation when you
come across one that's stolen. That's pretty easy to apprehend
(06:05):
the person responsible for stealing it. I guess there's no
system you can come up with that's one hundred percent
fool proof in a fraud. The fraud part of it,
I guess it was the major concern. You know, you're
never going to stop people from stealing those things. Although
I did find it interesting in that report. I'm gonna
have to look that up. These fasteners there, there's special
there's fasteners that you can get that you need a
(06:28):
special tool in order to be able to remove the
license plate. Now, I assume at some point in time,
you know, the thieves will have the special tool as well.
But for your average person who's just randomly stealing license plates, it,
you know, when when they see that they're attached in
a way that they can't remove it, they're going to
(06:48):
move on to a much easier target. At least I
would I would think that would be the case. It's
all about availability. I mean, for example, right now in
our neighborhood. Interestingly enough, we live in North Harris County,
right near the Montgomery County line, and there was for
a while a rash of tailgate thievery, people stealing tailgates
(07:13):
off the back of pickup trucks. I have a pickup truck,
Chevy Silverado. And what the advice was, and it's good advice,
and I started doing it. The advice was and they
would just walk up, They walk up to the vehicle
in your driveway, and they would just remove the you know,
like a cataltic converter. They just quickly would remove the tailgate.
I know, are the a lot of trucks that are
(07:34):
missing tailgates? Is there like a big market after market
for tailgates? And they remove your tailgate? So what I
started doing, and what they advise you to do is
instead of parking your truck with the hood facing the
garage door, you park it with the back end facing
the garage door and you get it as close to
the garage door as you can, so there's not enough
room for a thief to work. All right, quick little
(07:55):
break back with morn of the moment Jimmy Barrett Show.
You're on a nine fifty KPRC. M all right, a
couple of stories to catch up on. We spent all
(08:17):
the time yesterday on the on the Manhattan shooter, and
as it turns out, the information we had was was correct,
but but it leaves us with plenty of questions. For example,
the guy who went into that office building in Manhattan
and shot the place up. A couple of things have
(08:39):
come out that we've learned. Number one of the guys
from Las Vegas. I think we knew that yesterday. I
didn't think we realized yesterday that he's as was a
security casino security guard. How do you get a job
as a security guard when you've got mental health, well
documented mental health issues. Huh. Maybe they didn't do a
(09:00):
lot of vetting. Maybe they're not real picky about their
security guards. I would think a security guard at casino
you'd be fairly particular about, right, I would think so.
Maybe maybe not, I'm not sure, But anyway, that's what
he was doing for a living. We know that somebody
bought part of the ar style rifle that he used,
(09:22):
so that person is likely to be prosecuted to the
fullest sixs of the law. That's the second thing we learned.
The third thing we learned we got confirmation that his
target was the National Football League because he believed that
he had a CTE injury, you know, from head trauma
(09:43):
concussions from playing football. He didn't play past high school.
High school football was the last he played football. And
they talked to his coach and his coach said, no,
he he never had a head injury to his knowledge.
The coach say he never had a single head injury,
so you know how he got in his head that
(10:06):
somehow his mental health problems were caused by a CTE injury.
Who knows, but they talked to his coach. They also
determined that because he went I think I forget what
floor he went to, but he went to the wrong floor.
The NFL was like on the fifth floor, and he
went to like the thirty third floor or something like that.
Speaker 1 (10:26):
He went to the wrong floor. So the reason.
Speaker 3 (10:28):
Why the person who got shot on that floor, you know,
just bad luck. He didn't end up in he didn't
go to the correct office for the National Football League,
otherwise he might have done his shooting there. So we
learned a little bit about that. And of course there's
always the Monday morning quarterbacking about safety and all the
other things they go along with it. Fox has a
(10:51):
lot of former nyp'd of course they're based out of
New York, a lot of former NYPDS. Executive Intelligence officer
is one of them. He's retired. Paul Morrow's on a
lot of their shows. Here hiss his thoughts on what
happened with that Manhattan shooting.
Speaker 6 (11:08):
My first thought went to, and I know that command
very well, I worked there as a foot cop, and
I thought it might be because it seems so targeted.
A domestic incident, something where somebody inside the building who
worked there, or maybe a workplace violence incident where somebody
had been fired or something like that. It looks like
in this incident, as the contours of this begin to coalesce,
(11:29):
it looks like the motive here is even murkier. And
as I was saying last night, the motive in a
situation like this matters because you want to make sure
the person's not part of a group, doesn't have accomplices,
and isn't carrying out some mission or terrorism, so that
you can say at some point, as the police commissioner
did last night in the press conference, which was welcome news,
(11:49):
that the threat is mitigated.
Speaker 2 (11:50):
What do you make of the fact that his part
of his gun was delivered given to him by an associate.
Speaker 6 (11:55):
That's going to be a definite node of investigation, because
you have to see how witting that was done. Was
it done with cognizance of the fact that this person
was planning to do something like this. The other issue
is that what part of the gun was purchased matters.
There are parts, and then there are parts. If it's
the operative part of the gun, so to speak, the
thing that actually makes the bullet fire, well, then buying
(12:17):
it for somebody else is a violation of federal law.
So you have a heavy lever there against the person
who did this, as well as the fact that the
person reportedly bought the handgun. That is definitely something they
have to chase down to see if there's more underneath
this story.
Speaker 3 (12:31):
Yeah, he still wasn't giving out all the details that
we were even giving out yesterday, but that information about
the National Football League that was confirmed that he had,
as we said here, so he had left a note
and stated to the note the reason why he was
upset and who he was upset with. Again, how you
blame the National Football League for something that may have
(12:52):
happened to you in high school, if it happened at all,
I'm not quite sure, but that was evidently his motivation.
All Right, what else we got to talk about today?
Let's do this one. I didn't get a chance to
do this one this morning, so this is fresh material. Oh,
the GDP came out today up over three percent, a
lot more than expected. Gross domestic product. That is more
(13:16):
great economic news. And again, you know the doomsayers, they
do not want to believe that the Trump economy could
be working. You know, you've got a fed share who
is convinced himself that the teriffs are going to be
inflationary and will not lower interest rates. I think it's
(13:37):
more than just any I think the tariffs is just
an excuse to be honest with you as far as
lowering interest rates. But you have all these other people
who want to talk about how the tariffs aren't going
to be inflationary or I've even heard people talk about
how the tariffs are going to lead to a recession.
That's what's going to happen. These tariffs will lead to
a recession. The economic news that's been coming out would
(13:59):
seem to refute that pretty clearly. Even Bill Maher I
swear Bill Maher is getting slightly more conservative every time
I hear hear him. I hear him talk to a
lot of people about some of the Trump things. Here's
what Bill Maher said about what the so called experts
(14:19):
were saying about the terrorists and recession. And some response
on the other end from one of our favorite people,
the economist E. J. And TONI tariffs.
Speaker 7 (14:27):
Now, I remember, I, along with probably most people, were
saying at the beginning, oh, you know, by the fourth
of July, somebody had a saying how the country was
the economy was going to be tanked by then, and
I was kind of like, well, that seems right to me,
But that didn't happen.
Speaker 1 (14:46):
The stock market is at record heighs.
Speaker 7 (14:48):
I don't see a gun freaking a depression at all.
I see people out there just living their lives.
Speaker 8 (14:54):
What we've seen just in the last couple of days
from the Atlanta Fed, from the Saint Louis Fed, from
the New York Fed, all of their estimates have gone
up in terms of GDP, and we're continuing to see
some of those missing imports as we called them, from
the first quarter find their place in the second quarter data.
In other words, we got all of the numbers as
stuff got imported into the country in Q one. A
(15:15):
lot of that was just front running of tariffs, but
it didn't all immediately show up in either business inventories
or in consumer spending. As that shows up in the
second and subsequent quarters. What's subtracted out of GDP is
now added back to GDP. So you're seeing pretty good
growth numbers here, especially if you just look at domestic purchases.
So again, as you were saying earlier, Brian, the experts
(15:36):
were wrong.
Speaker 3 (15:37):
Yeah, but worse the lower interest rates. Yeah we had
the Fed today. Yeah, today was today. So another month
goes by. Now it'll be next month before they considered again.
By the way, guests coming up on the topic, his
name is ty Lassider. He's the CEO of Lassidor Capital.
He not only thinks that the FED should have been
cutting interest rates quite a while ago, he also believes
(15:59):
that should replace Powell, should fire him, is unprecedented to
do so. I think the only reason why he hasn't
done it is over fear of what it might do
on Wall Street, because we would likely at least temporarily
tank Wall Street if he did something like that. But hey,
(16:20):
he needs to do something, you know, how do you
how do you get? And he's Jay Powell's kind of
the lone wolf now on the on the Fed. Who's against,
you know, lowering interest rates? The cheese stands alone in
this particular case. All right, Another thing that caught my
eye today is this Wall Street Journal poll. Let's talk
(16:41):
about that for a second Wall Street Journal poll showing
just how unpopular Democrats have become, only thirty three percent
approval rating in general for the party sixty three percent downright,
don't like Democrats at the moment. Now that could change,
(17:03):
but these are the lowest poll numbers that Democrats have
had in forty years, and you really have to wonder
about that. Greg Guttfeld on his show last night talking
about this extreme unpopularity.
Speaker 9 (17:17):
The latest Wall Street Journal poll has the GOP steadily
rising while the DEM's plummet. Voters trust Trump's Republican Party
more on immigration, the economy, foreign policy. To put it politely,
Trump is curb stomping these no nothing bitches. Help Even
dried up lefties are saying the country is moving towards Trump.
Speaker 10 (17:41):
To be honest with you, the country is moving towards Trump.
I mean these polls that come out and show him
not doing well, I don't buy that. I think strength,
his strength is still greater than the Democratic strength. He
is a stronger public figure then the Democratic people. I
mean Obama stow has tremendous charisma, but Trump has strengths,
(18:04):
and I think that's what all the voters look for.
But they wanted to president who's a strong figure and
he's got it.
Speaker 1 (18:13):
All these old.
Speaker 9 (18:14):
Guys do their podcasts sitting on the toilet, straining anguish faces,
hunts ober. I mean, that's just like, I don't know,
but when.
Speaker 1 (18:32):
Chris is given up on you, you're in trouble.
Speaker 9 (18:35):
I mean, that's like Hillary Clinton boycotting a rope.
Speaker 1 (18:40):
I don't even get that joke. So what's left for
today's dams.
Speaker 9 (18:45):
Well, they and their buddies in the media have spent
so long building themselves a fortress of fantasy where crime
is compassion men or women, borders are optional, and dementia
is considered mentally sharp.
Speaker 1 (18:57):
But when your whole enterprise gets exposed, it may not
be possi simple to survive.
Speaker 9 (19:01):
You know, there was a point when the USSR saw
that the jig was up, a realization set off by
the Berlin Wall falling. Biden was that wall for the Dems,
an artifice erected to keep us apart but revealed to
be no longer functioning, And once the cover up of
his incapacity.
Speaker 1 (19:18):
Was exposed, the wall came down.
Speaker 9 (19:20):
The Dems quickly grabbed another candidate, but it felt like
just another wall or one as dumb as one. Now,
the party may continue down this road, but they can
only persuade the dumb and uninformed because everyone else is leaving.
Speaker 1 (19:37):
It's like when the wall.
Speaker 9 (19:38):
Fell, humanity only fled one way. No one flees back
into a sinking ship, especially when sinking is exactly what
it deserves.
Speaker 1 (19:48):
Greg got filed from his show last night.
Speaker 3 (19:50):
All right, quick little break, We're back with Ty Lassiter,
the CEO of Lassater Capital, to talk about the bed
it's coming up next year on a fifty KPRC and
the Jimmy Barrett Show. All Right, we are with Ty Lassiter,
(20:20):
the seal of Lassiter Capital. J Paul seems to be
scared to death, well one of two things. He's either
scared to death to lower interest rates for whatever reason,
because he actually believes that terariffs are inflation area though
we haven't seen evidence of that. We haven't seen the
inflation monster. We're it's ugly head or he's playing politics,
(20:41):
I'm not sure, or maybe it's a combination of both.
I don't know at this point, though, Ty, it's getting
kind of ridiculous, don't you think.
Speaker 11 (20:49):
Oh, it absolutely is. And I think you're exactly right.
I think he's playing a little bit of both at
this point, and it almost seems as though for every
step Trump takes to try and put pressure on him,
he takes the complete opposition. So, you know, I think
at this point we're going to have to just set
back and expect for the worst as he finishes out
(21:11):
his term through May, and it is going to be
what it is kind of for a little bit.
Speaker 3 (21:16):
Now. I noticed that you are of the opinion that
President Trump should fire him. I think there's a general fear,
maybe it's irrational fear, but a general fear that if
Trump would actually fire Jerome Powell, that the stock market
would create.
Speaker 1 (21:32):
Yeah.
Speaker 11 (21:33):
I mean, I am of the opinion that Jerome Powell
should not be in that seat anymore. However, I think
if the President steps in at this point and fires
him for cause, I think it does exactly that. I
think it creates a bigger problem, and I think we
see much stronger inflation for much longer, and then I
(21:57):
do think we see an inverse of that on the
mortgage rates versus the ten year treasury yield.
Speaker 3 (22:07):
I'm guessing that that's probably the main reason that the
President is so eager to get these interest rates down.
Is he wants the housing market to pick that back
up again. I think it's generally considered. I want to
see if you agree with this that the housing market
right now is the weakest link in the economy.
Speaker 11 (22:24):
Oh, no doubt is. And I think that's where the
benefit of having a president that's in real estate in
the White House. It takes a grave deal of patience
to impact the real estate market. I always say that
moving the real estate market is like moving a large
ship or a large container cargo ship versus impacting the
(22:49):
stock market and Wall Street is like moving a speedboat.
And so Trump's playing the long game, no doubt. And
he knows that any tweet he makes or any common
he makes is going to shift the market in Wall Street.
But he's going to continue to play the long game
because I think his focus right now is on Main Street.
(23:10):
He is focused on impacting the eighty percent of Americans
that can't afford to live months and months right now.
Speaker 3 (23:18):
Yeah, Yeah, we have an affordability problem, There's no doubt
about that. But that that aside. We found out today
ty Lassiter that the GDP gross domestic product went up
over three percent, much more than expected.
Speaker 11 (23:33):
Yeah, And I think that's a huge testament to the
EU deal that got cut last week, and knowing that
we're going to have a focus on drilling again and
on oil again, and I think we're going to start
seeing a lot more global trade and we are we
as a country, are getting back to stabilization or normalization
(23:58):
across the world and across the globe trading market. And
that is a byproduct of the tariff fights that that
Trump has been pushing. And I think we all know
that Trump shoots for the moon and he'll make big,
bold statements, but that's not always what he's trying to get.
He knows that if he doesn't start that high, he's
(24:19):
not going to get what he wants. And so I
think we've ended up with some fair trade deals at
this point, and I think we're going to continue negotiations
with China and we're going to see some of the
same impacts there. Yeah.
Speaker 3 (24:31):
I think that's the lynchpin, don't you, China. That's that's
going to be the most difficult deal to get. And
if if they do manage to get a fair trade
deal with China, then I think it's Katie bar the
door at that point.
Speaker 11 (24:45):
No doubt, no doubt. I think at this point we
are in a race to technology, and I think right
now the US controls the lead with AI. However, we
know that for a long time China has controlled our
technology market because of their manufacturing, and so I think
(25:08):
a focus on that and bringing chip manufacturing back to
the United States is going to be a large play.
And how well these negotiations go.
Speaker 3 (25:17):
We're talking with thy Lassiter, he's the CEO of Lassidor
Capital joining us here on AM nine fifty KPRC. You know,
we were just talking about the housing market and mortgage rates.
I've kind of been of the opinion. I don't know
if this is still the truth, because there's other things
they've kind of reared their ugly head here, but I've
always kind of been of the opinion if we could
just get mortgage interest rates down around or slightly below
(25:41):
five percent, that the real estate market would take off again.
What do you think?
Speaker 11 (25:46):
Yeah? Absolutely. I can remember back to my dad getting
a loan on a house that we moved into when
I was in junior high and we were at about
six and quarter percent, and I remember when interest rates
dropped below six percent and the market just boomed. At
(26:06):
that point, the real estate market boomed, and we have
borrowers and owners that are refinancing. You have buyers buying,
you have seller selling, and right now we have seller
selling and nobody buying. And that's going to be the
case until we bring interest rates down and focus on
(26:28):
the real estate market and not just inflation. I think
at this point, inflation is what it is, and it's
going to normalize as the economy moved on and we
start building back our real estate market, and right now
we're not doing that.
Speaker 3 (26:46):
The other area that I'm concerned about is relates to housing.
I know that you're not an insurance expert buying strightty
the imagination, but I'm sure you see as well as
all of us do, what's happening in the insurance industry
and how high insurance costs have gone us. So, actually,
if you live in a state like Texas and have
property anywhere near the Gulf Coast, you know those rates
(27:06):
have gone through the roof. You combine, you know, the
high rates, the higher home values with the property tax rates,
with higher insurance costs and a higher interest rates, and
that's that's a pretty tough formula. You've tried to sell
a home in absolutely.
Speaker 11 (27:21):
And I mean I'm not an insurance expert by any means,
but I am a huge I have a huge impact
by insurance. We've got about forty five hundred apartment units
and single family houses across the United States, and in
twenty twenty four, we saw our insurance rates go up
by nearly forty percent. Now, coming into twenty twenty five,
(27:44):
because of the volume that we have, we were able
to negotiate some good new rates and brought those back
down by about twenty eight percent. But that is the
issue that we have right now. We've got interest rates
that are out of control. We've got some property taxes
that are unaffordable, and so housing in general is just unaffordable.
Speaker 3 (28:07):
Yeah, and wages haven't kept up of both. I think
we're we're probably going to see some movement there, though
hopefully part of that will have to do with the
immigration policies. You know, they're gonna have to You're gonna
have to pay Americans more money to do jobs that
Americans don't want to do, and there'll be fewer people
around to do the jobs Americans don't want to do.
Speaker 11 (28:27):
That's exactly right. But I think that's a good thing.
You know. I think it's not that Americans don't want
to do the jobs, but it's that if they're not
going to get paid a wage that allows them to
support themselves and their families, then they have no desire
to do it. But if you look at industries like
waste management, waste management has some of the best blue
(28:50):
collar salaries, UH and wages across the United States. And
I mean I talked to our waste management people twice
a week every time they come by. They're eager to
do their job, they do a great job at it,
and they're paid fairly for it. And so I think
when you bring that across the industries, it brings the
(29:12):
desire to be in the workforce back to America again.
Speaker 3 (29:17):
Well, and I think too a lot of high schoolers
are rethinking the whole college thing again. College has gotten
very expensive. They can see that there are a lot
of people who get degrees that don't allow them to
make a great living. You have to get all that
education to become a teacher, and then you're underpaid compared
to a lot of blue collar jobs. There's seems to
be more of an interest in the skilled trades again,
(29:38):
which is a good thing. I mean, you can replace
a lot of skilled trades people who maybe are not
going to be in this country anymore with Americans who
are starting to realize that that's a great way to
make a living.
Speaker 11 (29:49):
Well. I think you were touching on every aspect of
the economy right now that is impacting why America is
what it is today, and so I love this segment
this morning. I think you bring a really good point.
We do not have enough tradesmen right now, and there's
not enough people in plumbing school, electrical school, and HVAC,
(30:09):
and we're going to run into issues in the next
decade as baby boomers are selling those types of businesses
and we don't have enough tradesmen to step in and
take over. And so I think some of the young
Americans are seeing that now and kids coming out of
high school. And you brought up a good point with
(30:30):
the cost of college versus the value of it coming
out of it, and so I think what kids are
seeing right now is number one, it doesn't justify the
cost of school. And secondly, most of the universities have
become so controlled with their propaganda and their message that
(30:50):
doesn't align with what high schoolers right now know to
be the value as America is going to be in
the next decade.
Speaker 1 (30:59):
Ye, you're right about all that tie.
Speaker 3 (31:01):
Pleasure to talk to you man, best of luck and success,
and thank you for being on our show today.
Speaker 1 (31:06):
It's good to speak with you.
Speaker 11 (31:08):
Absolutely, it's a great pleasure this morning. Thank you you.
Speaker 3 (31:10):
Bet Ty Lassiter, the CEO of Lassiter Capital, back with
more in a moment Jimmy Baird Show here on the
AM nine fifty KPRC. All right, before we leave today,
(31:35):
today's the fiftieth anniversary of kind of an important event,
maybe more important from my perspective only because where I
grew up. But it's still one of those mysteries that
has never really been solved. I mean, there's been all
sorts of theories about what happened to Jimmy Hoffa, but
(32:00):
nobody has ever solved the crime. So I remember, you know,
because I was a kid at the time, but I
remember that when he disappeared, he disappeared from what's called
Maccus's Red Fox restaurant. Restaurant's not there anymore, but he disappeared.
He was supposed to meet, you know, basically a mobster.
(32:24):
He's supposed to meet this this guy at the restaurant,
and the guy never showed up at the restaurant, and
so Jimmy Hoffer left the building and then he disappeared.
The feeling being that what happened was is that they
came to pick him up at the restaurant and he didn't.
(32:45):
Instead of sitting down having lunch with this guy in
the restaurant in a public place, he ended up going
in a vehicle to wherever it is that they took him,
and they obviously they killed him. I don't think there's
any doubt about that. Jimmy Hoffer was never found, no
trace of him ever found. He never reappeared, so it's
not like he became part of the witness protection program
(33:06):
and went somewhere. You know, he wanted to reacquire control
of the United Autoworkers. I'm sorry to the Teamsters, and
you know, at that time, the Teamsters very powerful union.
I guess there's still powerful to a certain extent in
places like Detroit. But Jimmy Hoffett wanted to get that
job back in the mob, which had a lot of
(33:29):
financial ties, at least at the time to the Teamsters.
Didn't want him to get the job back. So it's
pretty popular conjecture that they had him eliminated. How they
had him eliminated, I'm not sure. I've read several different
books on the topic. Most of them have him killed
(33:50):
somewhere not that far from the restaurant, and then his
remains were disposed of, and that's where that's where the
conjecture comes in. That's where the mystery. The mystery is
not that Jimmy Hoffer disappeared.
Speaker 1 (34:04):
We know that.
Speaker 3 (34:05):
The mystery is not that Jimmy Hoffer was killed. We
know that, at least we feel we do. The mystery
is what happened to him? Where where did he go?
You know, if you're the mob and you kill this guy,
you want to make sure that he's never found or
you want to send a message somehow. So every construction
(34:30):
project that was going on at the time of his disappearance.
They were building the Renaissance Center in Detroit, which was
their big revitalization project. You know, three big tall towers
in downtown Detroit, and of course a lot of you know,
the teamsters. Obviously, they have plenty of trucks, they have
(34:53):
all sorts of ways to move things around where you
wouldn't know they were moving it around. So one of
the conjecture was maybe they buried him at the construction
site and built a building over the top of him.
You're never going to find him that way. And then,
of course there's the other one that said that after
they killed him, they ran him through like a meatpacking
(35:16):
plant kind of a thing where they just chopped up
his body and as many different pieces as they could
so it's completely identifiable. And then they put it in
to some sort of a container, like a metal barrel,
oil drum kind of a thing, stuck that on a truck,
sent it to New Jersey, and buried him in the
meadowlands where they were building Giants Stadium at the time.
(35:39):
Who knows, who knows, but it's fifty years ago that
this happened, and you're not going to know now at
this point. I mean, even his son is pretty much
an old man at this point. I know the family
probably has its thoughts on what happened to him. I
(36:00):
doubt if they have any definitive thoughts about where he
might be. You know, the fact of the matter is
that that probably more than likely he is not anywhere
that they whatever they did to and they probably did
chop him up into a million different pieces and disposed
of him. But I don't think they just I don't
(36:20):
think they would drive him out of state. Why would
you take a chance like that. You know, you might
as well just, you know, dispose of him as quickly
as you possibly can. You could bury an oil drum
anywhere you'll want to. You don't have to go all
the way to New Jersey to do it. Or maybe
ended up in a landfill somewhere. Who knows. But the
(36:40):
point is, I guess we never will know, just like
you know, will we ever really know who ultimately was
responsible for killing John F. Kennedy, If there was a
plot behind the assassination of Martin Luther King, if there
was a plot behind the assassination of RFK. You know,
(37:01):
in the sixties, think about this. In the we we
have a tendency to look back with nostalgia right at
the sixties and the seventies as a less violent time.
Speaker 1 (37:09):
No, no, not not really, not really.
Speaker 3 (37:13):
I get the nostalgia because it's from our youth, but
I mean, those are dangers. The sixties and the seventies
were a very dangerous time. Dangerous for crime, dangerous for
this type of activity, you know, political assassinations, very dangerous time. Now,
I'm afraid we're never going to know exactly what happened
(37:34):
to Jimmy Offfen, and I guess we're okay with that
right at this point is every year goes by, we
become less and less curious about it. Don't even think
to talk about it anymore unless it's on an anniversary
like this one. Next year, probably know you'd be talking
about fifty first anniversary. Doesn't mean much. All right, We're
leaving at that for today, y'all. Have a great day,
what's left of it? See you tomorrow morning, right early
at five AM over our news radio seven forty KRH.
(37:57):
We're back here at four on AM nine fifty kPr.
Speaker 1 (38:00):
See the
Speaker 11 (38:05):
Banded and then the Banded b
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