Omnipotent Economists and the Carnage They Wreck!

Omnipotent Economists and the Carnage They Wreck! www.watchdogonwallstreet.com

Episode Transcript

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 will have on everyday Americans. Author,
investment banker, consumer advocate, analyst and trader Chris Markowski.

Speaker 2 (00:16):
Omnipotent economists and the carnage they wreck. Yesterday I talked
about the Bill Parcells statement, you are what your record
says you are. I should have given it a caveat unless,
of course, you are an economist where you can be
wrong always. You could be wrong on everything and anything

(00:41):
that you say. But if you have the right degrees
flying on the wall and you know the right people,
you're fine, You got tenure, you're good. You could just
continue to be wrong forever. Imagine that. Imagine being having
a job, a high paying job, a cushy job where
you cannot get fired, where you could just screw up

(01:01):
at everything that you do and it doesn't matter. You
are omnipotent anyway. A lot of economists coming out again,
Oh yeah, for Kamala Harrison her economic plan. Well, they
all came out for the Biden Harris build back Better

(01:22):
plan uh and said that it would ease inflationary pressures.
They said it, it was going to ease inflationary pressures.
How that work out? The same economists are saying the
same thing today, and sure enough, sure enough, and quite frankly,

(01:43):
shame on the Wall Street Journal that they still keep
this guy. They still pay this guy. This guy writes columns,
a Princeton professor writes columns for the Wall Street Journal.
And I get it, I get it. You got Paul Krugman,
Princeton economists, that writes for the New York Times. But
the Wall Street Journal. I mean fine, if he wants

(02:03):
to submit articles, anybody can do that. But you pay
this this guy, Alan Blinder, who has I challenge, challenge
anybody who's listening to this right now to come up
with a point that he's made that has been right
on anything ever. Ever, Uh, Harris easily beats Trump on

(02:26):
economic policy. I was thinking about Alan Blinder, and Gordon
Gecko came to mind. You remember that this scene in
Wall Street where he, you know, Cromwell is losing money
on a style. Well, what is he doing? Give it
a Electra series? He's losing I forgot how much money?
Every quarter of a point? God, this Turkey's totally brain

(02:49):
dead if you own a funeral parlor, nobody would die.
Great line by Gordon Gecko, but that's pretty much Alan Blinder,
and he honestly, I can't even believe they printed this.
I can't even believe they printed this. Economic policies, and

(03:13):
again he spends time talking about Trump and healthcare, Trump
and some of the issues with tariffs. I get that,
but again they don't add up, not to mention the
fact that Biden and Harris used the same Trump tariff policies.
And then most of the thing has to do with

(03:34):
climate change and the fact that Kamala Harris is doing
a great job on climate change and we need to
reduce co to shut up, man, just shut up. That
ship has sailed again. I don't know how. Again, I

(03:55):
don't know how these people. I mean, he's a Princeton professor.
I mean, so some of us say you're either you're
stupid or you're a liar. Prince in Preston. Once assume
that you got some level of intelligence, so that means
you're you're just a liar. How do you look yourself

(04:15):
in the mirror every single day? I don't know how
people do it. Quite frankly, he honestly. He ends his column, Oh,
I can go on. He gave nothing, no examples of
any Kamala Harris economic policy, even though that was the
title of the column, is Harris beats Trump on economic policies.
He says, I've run out of space. He actually put

(04:37):
that in his column the Wall Street Journal. I could
go on, but I've run out of space. It's it's pathetic,
and it's across the board. A quick side note was
an economist. Yesterday, the Governor of New Jersey, Will Murray,
was on squawk Box and he made an absolute fool

(04:59):
at of himself. Joe Kernan listed a bunch of Kamala
Harris policies and asked Governor Murphy which one he supported,
and he couldn't answer. He couldn't answer. He just talked
around all of the questions. Again, That's that's who these
people are again. It is what it is. I'll say it.

(05:23):
Journals said it again.

Speaker 1 (05:24):
Today.

Speaker 2 (05:25):
You're voting for Kamala Harris. I guess you're you're voting
for Obama's fourth term. Watchdog on Wall Street dot Com