Serious Economic Headwinds

Chris discusses the serious economic challenges facing the United States, including accelerating inflation, high prices, and structural issues like the national debt and deficits. While the U.S. remains strong compared to other global economies, Markowski highlights fake inflation numbers, the impact of a strong dollar on exports, and stagnant consumer relief. He also predicts media scrutiny of Donald Trump's ability to address these issues, including pressure on the Federal Reserve and economic policies aimed at GDP growth and deficit reduction. 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 we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
Serious economic headwinds, nothing new. Been talking about this for
some time. Granted, I know it's not politically correct. I
actually got yelled at, uh so else were saying this
on air one time. I'm like, I don't care. The
United States is the uh well, we're primary pretty much

(00:39):
the tallest midget in the room right now when it
comes to our economy on the world stage, we're doing
quite well. That's simply because everyone else is in that
that man shape quite frankly. But anyway, you know, let's
let's take a little bit of a closer look here
that you know what's happening here in the United States

(01:02):
and the fake numbers that we have been getting. First
and foremost, inflation has been accelerating. I know Biden has
been telling us the opposite, but it's now running over
three percent in real time, which is fifty percent above target.
And again this is on the heels of the worst

(01:24):
inflation we've seen in some forty to fifty years. And
again we haven't hadny deflation, so prices are still high again.
The dollar. You know, some people think that the you know,
the strengthening dollar is great for the United States. In

(01:44):
some ways, yes, in other ways no, as far as
exports are concerned, it makes our stuff that much more expensive.
We're going to also have to deal with currency manipulation
from countries like China, which do it on a regular basis.
We need to have talked about this last week on
the podcast. Some deflation when it comes to everyday items,

(02:06):
the bare necessity types of things. It's not getting any
better for consumers out there. And again, this is one
of the reasons why Donald Trump won. The idea that
he is going to be able to quell this in
a short period of time is nonsensical at best, and

(02:27):
he is going to be without a doubt. This all
stuff has been written already. It's in the can. All
of this stuff has been written. They've already got their
interviews done with their experts about Donald Trump's failure to
get prices down like he promised. You wait January, you
wait till about the end of February early March, they're

(02:50):
going to be hitting on that big time pressure on
the Fed. That's going to be another conversation as well.
Federal Reserve has well lowered rates by one hundred basis points.
The exact opposite has occurred in the bond markets. Mortgage

(03:11):
rates are high again, showing just pretty much how useless
the feed is at this point in time. Will Donald
Trump bring pressure to bear on the Federal Reserve? If
he does that again, the media is going to come
after him, and you're going to start hearing all sorts
of dictator comments flying around the job market. I don't

(03:37):
care what they said last Friday. The employment population ratio
and the jobs participation rate is going in the wrong direction.
Not to mention all of the revisions that have taken
place in the jobs market. We have again, we have

(03:58):
many structure issues. We can talk about the national debt.
We can also talk about deficits. These are all things
that Donald Trump is dealing with his incoming Treasury secretary.
It's got a plan to raise our GDP above three percent,
to lower budgets deficits to three percent, and to also

(04:23):
pump an additional three million barrels a day. All well
and good and I hope to see this work out.
But what I'm telling you right now, people have got
major issues that again they've been ignoring for some time,
but no longer Donald Trump comes into office, mainstream media

(04:44):
is going to be hammering when it comes to the economy.
Watchdog on Wallstreet dot Com