October 1, 2024 • 10 mins
Kitty Cats, Men and the Woe Street Journal. www.watchdogonwallstreet.com
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst and trader Chris Markowski.
Speaker 2 (00:16):
Kittycats Men, and The Woe Street Journal. I'm going to
share with everybody a story, okay, and then you're going
to understand why I'm sharing the story after we go
through this article in the Wall Street Journal today. Back
when I was coaching lacrosse high school lacrosse, this is
(00:37):
two thousand and three, two thousand and four, group of
kids that I had. Kids that I had were a
little on the soft side, a little on the soft side,
to say the least, and I don't take well to
soft men. There were young men, but I don't take
(00:58):
well to it. And one of the things that I
believe in as a coach is it's not just about
wins losses. You want to win, especially when you're dealing
with youth sports, but you want to teach kids about life.
That's what sports are for. You want to teach kids
about life and overcoming obstacles and getting better, and you
(01:20):
want them to be able to go out in the
world and do great things. Anyway, I had a habit
of calling the kids from time to time, let's just
say another word for kitty cat. Okay, you guys are
a bunch of kitty cats. And I'd get on their
(01:41):
cases and I'd push them and I'd push them and
I'd push them, and they got better. They got better,
and they got tougher. And one thing that they did
this was towards the end of the season, they all
showed up one day for practice. A kidnots was hilarious
with t shirts on with kittens on the front, and
(02:05):
I totally appreciated that. But anyway, anyway, kitticats men in
the Woe Street Journal. So the Woe Street Journal, it's
got another story of woe. Societal woe right here. America's
young men are falling even further behind. Men in their
twenties and early thirties are much more likely than female
(02:27):
peers to live with their parents, and many say they
feel aimless and isolated. Oh no, oh no, you kittycats
nail meow. They feel terrible, They feel isolated. M Anyway,
(02:48):
here's the story out of Dan and Johanna Moreno's four
grown children. Only their daughter is in Kaminada. She recently
graduated from business school and goten gaged. The Marino's three
adult sons are still sleeping in their Miami childhood bedrooms.
The younger two dropped out of college and the oldest
(03:10):
never went. All three are single. Their only work experience
is with the family business. Okay, I'm getting that, mister
Miyagi feeling right now? Right? What's a mister Miyagi say?
No such thing. Bad teacher, yeah, and bad parents that
(03:33):
spoil their kids. Something is going to miss here, says
their father, Dan, who owns the repair chain Flamingo Appliance Service.
We love them, we love having them around, but that's
not how you build a life, so don't let them
(03:54):
do it. I love my kids, I love having them around.
But you know, you finished school, you have you can
make your way in the world. You got to learn
to row your own boat. The life trajectories of America's
sons and daughters are diverging, and they're saying women are
(04:18):
seizing opportunities that are in front of them. Men are floundering.
Men are floundering. And again, do I think that it's
crap that a lot of young men are doing, yeah,
stupid ass video games, sit in front of a TV.
But again, parents allow that nonsense. It's garbage, It's trash,
(04:43):
is what it is. E sports. It's one of the
dumbest things I've ever seen in my entire life. Not
not to mention again, I used the Orwell quote yesterday,
beer and gambling and sports, watching sports, not participating watching them.
And I like to watch sports too, a little bit,
(05:06):
a little bit, but I'm.
Speaker 3 (05:07):
Sorry, I'm gonna sit in front of a freaking television
watching the game in London and then the one o'clock game,
and then the four to thirty game and then the
night game.
Speaker 2 (05:18):
No, that's a waste of a life. Hate to break
a tea anyway. Anyway, And they're talking about how eighty
nine percent of this scroup of men twenty five to
thirty four are well eighty nine percent are employed or
looking for work, seven hundred thousand fewer than in two
thousand and four among non caregiver caregivers who aren't disabled,
(05:45):
men are more likely to be neither employed in school
nor in workforce trading. When we talked about that, neat
n eet anyway. Anyway, Again, there's some of the anecdotes
from the Wall Street Journal. They love this stuff, you know.
They speak with some social scientists and shifts away from
(06:09):
traditional gender roles and single earner family structures. Who shifted
away from traditional gender roles? Uh, not my household, Not
in my household anyway. And listen, I've got a daughter. Okay, God, daughter,
(06:30):
she'd go out there, Bill, do whatever she wants. Okay,
the shift the way traditional gender roles. Yeah, okay, you
heading that route and see what's going to happen again.
They talk about social issues too, and they bring up
they bring up COVID and what took place there. But
(06:52):
take Dan and Joanna Moreno's middle son, twenty five year
old Daniel, who left college midway through his sophomore year
indecision about his major spiraled into a larger existential crisis.
I just felt so so lost, Daniel said, I didn't
know what I was doing it For five years later,
(07:15):
he's still living with his parents and working for his
dad's company in a product manager role that he is
grateful for but doesn't necessarily see a future in it. Hey, dad,
that's your fault. Man. You're an enabler, is what you are.
You're allowing your kid to be a loser. Why would
(07:40):
you do that? He hopes to go back to school
to study a subject he's more passionate about, maybe journalism,
veterinary medicine, or botany. He does he realized that you
know this little work involved with coming a vet, journalism, journalism, botany.
(08:07):
I mean, okay, do what you want, Okay, I'm just
not that passionate about it. Be passionate about. I'm passionate
about a lot of things. Okay, However, some of the
thing passionate about you can't make a living on. Quite frankly,
they don't put food on the table anyway. He doesn't
(08:29):
know what it would take to get there, or where
to find the motivation to start. Well, I'll tell you
what it takes to get there, work, time and effort,
and mom and dad aren't allowing that to happen. Finding
the motivation, No, it's a great motivator, hunger. Hunger start
(08:50):
by going out and providing for you, staying at mom
and dad's house. I've told my kids this, you can
stay at mom and they can stay at my house.
So you're done with college, you're paying, you're paying out.
I'm done Okay, I'm out. I did my I did
my part. Kick baby bird out of nest. Anyway, nothing
(09:16):
is really stopping me, Daniel says. It's just myself standing
in my own way. Yep. And also the fact that
you know what your parents are allowing it. Parents are
the problems to the parents. Actually, I think that they're
doing the right thing, but they're not. They're doing the
wrong thing. Again, you know, Daniel blames COVID and how
(09:37):
it affected him and YadA, YadA, YadA. Anyway, anyway, and
we've got other people here. Ronan Convery missed out on
a senior prom because of COVID and he missed the
senior year and the wrestling team, and he went to
(09:58):
college and he fell in with the wrong crowds and
he is mental health deteriorated. And anyway, anyway, you know,
he wants to go back to college, So go back
to college. Okay. Other ones here, and it's just one
anecdote after another, and it's the same thing. It's the
(10:21):
same thing. It's parents enabling their kids, enabling their kids
allowing this to happen. Like I said, don't allow this
is about boys. Don't don't allow your your kids your
young men, your your sons to be kitty cats. I'm
just just telling you don't allow. Watch Dog on Wall
(10:43):
Street dot com
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst and trader Chris Markowski.
Speaker 2 (00:16):
Kittycats Men, and The Woe Street Journal. I'm going to
share with everybody a story, okay, and then you're going
to understand why I'm sharing the story after we go
through this article in the Wall Street Journal today. Back
when I was coaching lacrosse high school lacrosse, this is
(00:37):
two thousand and three, two thousand and four, group of
kids that I had. Kids that I had were a
little on the soft side, a little on the soft side,
to say the least, and I don't take well to
soft men. There were young men, but I don't take
(00:58):
well to it. And one of the things that I
believe in as a coach is it's not just about
wins losses. You want to win, especially when you're dealing
with youth sports, but you want to teach kids about life.
That's what sports are for. You want to teach kids
about life and overcoming obstacles and getting better, and you
(01:20):
want them to be able to go out in the
world and do great things. Anyway, I had a habit
of calling the kids from time to time, let's just
say another word for kitty cat. Okay, you guys are
a bunch of kitty cats. And I'd get on their
(01:41):
cases and I'd push them and I'd push them and
I'd push them, and they got better. They got better,
and they got tougher. And one thing that they did
this was towards the end of the season, they all
showed up one day for practice. A kidnots was hilarious
with t shirts on with kittens on the front, and
(02:05):
I totally appreciated that. But anyway, anyway, kitticats men in
the Woe Street Journal. So the Woe Street Journal, it's
got another story of woe. Societal woe right here. America's
young men are falling even further behind. Men in their
twenties and early thirties are much more likely than female
(02:27):
peers to live with their parents, and many say they
feel aimless and isolated. Oh no, oh no, you kittycats
nail meow. They feel terrible, They feel isolated. M Anyway,
(02:48):
here's the story out of Dan and Johanna Moreno's four
grown children. Only their daughter is in Kaminada. She recently
graduated from business school and goten gaged. The Marino's three
adult sons are still sleeping in their Miami childhood bedrooms.
The younger two dropped out of college and the oldest
(03:10):
never went. All three are single. Their only work experience
is with the family business. Okay, I'm getting that, mister
Miyagi feeling right now? Right? What's a mister Miyagi say?
No such thing. Bad teacher, yeah, and bad parents that
(03:33):
spoil their kids. Something is going to miss here, says
their father, Dan, who owns the repair chain Flamingo Appliance Service.
We love them, we love having them around, but that's
not how you build a life, so don't let them
(03:54):
do it. I love my kids, I love having them around.
But you know, you finished school, you have you can
make your way in the world. You got to learn
to row your own boat. The life trajectories of America's
sons and daughters are diverging, and they're saying women are
(04:18):
seizing opportunities that are in front of them. Men are floundering.
Men are floundering. And again, do I think that it's
crap that a lot of young men are doing, yeah,
stupid ass video games, sit in front of a TV.
But again, parents allow that nonsense. It's garbage, It's trash,
(04:43):
is what it is. E sports. It's one of the
dumbest things I've ever seen in my entire life. Not
not to mention again, I used the Orwell quote yesterday,
beer and gambling and sports, watching sports, not participating watching them.
And I like to watch sports too, a little bit,
(05:06):
a little bit, but I'm.
Speaker 3 (05:07):
Sorry, I'm gonna sit in front of a freaking television
watching the game in London and then the one o'clock game,
and then the four to thirty game and then the
night game.
Speaker 2 (05:18):
No, that's a waste of a life. Hate to break
a tea anyway. Anyway, And they're talking about how eighty
nine percent of this scroup of men twenty five to
thirty four are well eighty nine percent are employed or
looking for work, seven hundred thousand fewer than in two
thousand and four among non caregiver caregivers who aren't disabled,
(05:45):
men are more likely to be neither employed in school
nor in workforce trading. When we talked about that, neat
n eet anyway. Anyway, Again, there's some of the anecdotes
from the Wall Street Journal. They love this stuff, you know.
They speak with some social scientists and shifts away from
(06:09):
traditional gender roles and single earner family structures. Who shifted
away from traditional gender roles? Uh, not my household, Not
in my household anyway. And listen, I've got a daughter. Okay, God, daughter,
(06:30):
she'd go out there, Bill, do whatever she wants. Okay,
the shift the way traditional gender roles. Yeah, okay, you
heading that route and see what's going to happen again.
They talk about social issues too, and they bring up
they bring up COVID and what took place there. But
(06:52):
take Dan and Joanna Moreno's middle son, twenty five year
old Daniel, who left college midway through his sophomore year
indecision about his major spiraled into a larger existential crisis.
I just felt so so lost, Daniel said, I didn't
know what I was doing it For five years later,
(07:15):
he's still living with his parents and working for his
dad's company in a product manager role that he is
grateful for but doesn't necessarily see a future in it. Hey, dad,
that's your fault. Man. You're an enabler, is what you are.
You're allowing your kid to be a loser. Why would
(07:40):
you do that? He hopes to go back to school
to study a subject he's more passionate about, maybe journalism,
veterinary medicine, or botany. He does he realized that you
know this little work involved with coming a vet, journalism, journalism, botany.
(08:07):
I mean, okay, do what you want, Okay, I'm just
not that passionate about it. Be passionate about. I'm passionate
about a lot of things. Okay, However, some of the
thing passionate about you can't make a living on. Quite frankly,
they don't put food on the table anyway. He doesn't
(08:29):
know what it would take to get there, or where
to find the motivation to start. Well, I'll tell you
what it takes to get there, work, time and effort,
and mom and dad aren't allowing that to happen. Finding
the motivation, No, it's a great motivator, hunger. Hunger start
(08:50):
by going out and providing for you, staying at mom
and dad's house. I've told my kids this, you can
stay at mom and they can stay at my house.
So you're done with college, you're paying, you're paying out.
I'm done Okay, I'm out. I did my I did
my part. Kick baby bird out of nest. Anyway, nothing
(09:16):
is really stopping me, Daniel says. It's just myself standing
in my own way. Yep. And also the fact that
you know what your parents are allowing it. Parents are
the problems to the parents. Actually, I think that they're
doing the right thing, but they're not. They're doing the
wrong thing. Again, you know, Daniel blames COVID and how
(09:37):
it affected him and YadA, YadA, YadA. Anyway, anyway, and
we've got other people here. Ronan Convery missed out on
a senior prom because of COVID and he missed the
senior year and the wrestling team, and he went to
(09:58):
college and he fell in with the wrong crowds and
he is mental health deteriorated. And anyway, anyway, you know,
he wants to go back to college, So go back
to college. Okay. Other ones here, and it's just one
anecdote after another, and it's the same thing. It's the
(10:21):
same thing. It's parents enabling their kids, enabling their kids
allowing this to happen. Like I said, don't allow this
is about boys. Don't don't allow your your kids your
young men, your your sons to be kitty cats. I'm
just just telling you don't allow. Watch Dog on Wall
(10:43):
Street dot com
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