June 26, 2025 • 8 mins
LISTEN and SUBSCRIBE on:
Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608
Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i
WATCH and SUBSCRIBE on:
https://www.youtube.com/@WatchdogOnWallstreet/featured
New York City just nominated a hard-left candidate mayor—and it’s not because the city is thriving. The real story? A collapsing cost of living, broken leadership, and young voters chasing any hope they can get.
In this episode:
Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608
Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i
WATCH and SUBSCRIBE on:
https://www.youtube.com/@WatchdogOnWallstreet/featured
New York City just nominated a hard-left candidate mayor—and it’s not because the city is thriving. The real story? A collapsing cost of living, broken leadership, and young voters chasing any hope they can get.
In this episode:
- Why “hope and change” still wins—even when it’s delusional.
- The real reason working-class New Yorkers didn’t show up for the new regime.
- A side-by-side breakdown of rent and inflation that explains the desperation.
- And how the endless cycle of empty promises from both parties left the door wide open for radical politics.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
The watch Dog on Wall Street podcast explaining the news
coming out of the complex worlds of finance, economics, and
politics and the impact that we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski from
New York.
Speaker 2 (00:17):
Part two, Sneak Pluskin is Back. I remember years ago
making fun of San Francisco and what was taking place
there on endgame to Blasio, And here we're at today
and everybody's trying to make heads or tails out of this.
The Democratic establishment, the Republicans think that they've got a
(00:39):
big win. The reality is both parties are big losers.
In fact, quite frankly, we're all losers on this one.
Dommy I knew he was going to win the race
when I watched the debate between the various different candidates,
and each and every candidate on that DNC stage said
the exact same thing except one. The question was asked,
(01:02):
what is the first city or first country you're going
to visit once you win? Everyone is all, I've been
to Israelist many times. I'm most certainly going to go
to Jerusalem. How I'm going here, I'm going to Jerusalem.
I'm going to I'm going to Israel, and they all
bending over backwards basically kissing Israel's ass except one candidate,
(01:27):
and that's one. That one he said, I'm not going anywhere.
He said, I'm going to stay in New York City
and I'm going to deal with the problems of New
Yorkers and fill hotholes. In that moment in time, I
knew he was going to win. He basically rolled out
the Barack Obama Hope and Change playbook and he did
(01:49):
a great job with it. Woma barely even tried. He
was like basically going through the motions, and we all
know the problems that he had. But Tommy is pretty
much inevitable, and you know, I think we'll probably see
more characters like him pop up around the country. The
interesting thing was is he actually took a look at
(02:11):
the internals, the internals in the polls. It wasn't wasn't
it people from the boroughs. It wasn't the working class
as we like to call them, you know, the working class.
It wasn't the people taking the subway in from Whitestone
and Queens and the Bronx, Yeah, that was It was
the people from Manhattan. Wow, it's interesting why this might
(02:36):
be the case. Some people are saying, hey, gee whiz,
maybe it's because they're not teaching kids properly in schools
what socialism is all about. Mind you, the amount of
Google searches for what socialism is went through the roof
after the race in New York City. I kid you, not,
open change works every single time it's tried. I learned
(02:59):
it when I was in sixth grade. I know I've
told a story before here on the podcast. I lost
a class election in sixth grade to a young lady
who promised that our entire class was going to go
to Disney World. That's right, Disney World over spring break. Now,
mind you went to a public school in upstate New York.
(03:21):
That wasn't happening by any stretch of the imagination, but
didn't matter. Didn't matter. That was hope and change for
my sixth grade classmates back in the day. So man,
I was promising, We're going to get rid of police officers,
replace them with social workers. It's going to be three
bus rides. He's going to make the put in the
(03:44):
more rates stabilization, get the rents down. There was actually
a guy who ran on that back against Bloomberg. If
I'm not mistaken, his whole thing was the rent is
too damn high. Well, the rent is too damn high.
I did an inflation adjusted to comparison to when I
first moved into New York City over thirty years ago,
(04:06):
compared to today, and again, I had a railroad apartment
Upper east Side, eighty second Street between East End and
York Avenue, and it was it was fine to roommates
at the time. My rent rent that was thirteen hundred
dollars a month, split between the three of us. The
average rent right now is over well over four thousand
(04:30):
dollars for New York City. And again, if I wanted
to inflation adjusted for what I paid, I would have
basically been twenty five hundred dollars back in the day.
So again it's it's pretty high. It's pretty high. And
that's not the only thing that's high. Everything is high.
Groceries are high. Subway rides of two dollars and ninety cents,
(04:53):
and kids graduating from college making over six figures. You're
not saving a time. In fact, you've probably got to
get help from mom and dad if you're living in
New York City, especially if you've got student loans. Throw
that in there again. Kids got accustomed to not paying
their student loans, hence COVID. Now they have to pay,
(05:15):
and they're feeling it. They're feeling it. I mean every
statistic out there. You can look at every damn statistic
out there when it comes to wages here in this country,
and they basically haven't gone anywhere in fifty years. The
cost of living has gone through the roof. We're thirty
seven trillion dollars in debt. We continue to print money,
and both the left and the right both say that
(05:38):
they've got the answer to the problem. Right Republican Party.
I want to see left or right. I'll sit the
Republican Party and the Democratic Party. And what do we get.
Every president, every administration with Congress doesn't make any difference.
They spend more, we go further into debt, we drop bombs,
(06:00):
meet the new boss. Same as yobas is boring, man,
It quite frankly is boring anybody that wants to, you know,
basically put out of as. It's a juxtaposition to do
something completely different to a point eighty from what's going on.
They've got a good chance of winning again. They go
back to twenty sixteen, Go back to twenty sixteen. It
was supposed to be Trump versus Bernie Sanders, right, those
(06:23):
will be Trump versus Bernie Sanders. This guy is the
Bernie Sanders for New York City. Again they did, you know,
the Democrats forwarded Bernie Sanders campaign and installed Hillary Clinton
and shoe lost to Trump. Again promising things that were
completely out of the ordinary. But are we getting completely
out of the ordinary anywhere the prices of anything comes down?
(06:45):
Because again they keep telling us, keep telling Sanders, Inflation's
way down. Inflation's way down. To come on, people, plation
keeps going up, people's costs keep going up. It is
what it is. Again, many kids yout to today, they
don't see a light at the end of the tunnel.
That's what they're feeling. That's what they're saying. That's the
(07:08):
reality of the situation. That's the issue. You know, they
claim that, And so they keep saying New Yorker say
it again and again and again. They say, you know,
cheez where it's the greatest city in the entire world.
It's not the greatest city in the entire world. It's
not even close to being the greatest city in the
entire world. It's a joke. They keep telling themselves that
(07:31):
it's gonna make themselves feel good. Landed JFK and again,
deal with all the traffic that's there. I know they're
doing construction, and just take a look at the filth
in the garbage that you're going to see, whether you're
going out towards Long Island or whether you're going into
the city in any direction. It's embarrassing. It's disgusting that
that is the reality of New York City. It's not
gonna get any better under this guy. But what happens.
(07:55):
What happens when there's no hope out there. You get
characters like Mandemmie, you get characters like Hitler, you get
characters well outside of the mainstream because again people they
don't have any hope and they're offering it. That's what
they're selling. That's why this guy won Watchdog on Wall
(08:16):
Street dot Com.
The watch Dog on Wall Street podcast explaining the news
coming out of the complex worlds of finance, economics, and
politics and the impact that we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski from
New York.
Speaker 2 (00:17):
Part two, Sneak Pluskin is Back. I remember years ago
making fun of San Francisco and what was taking place
there on endgame to Blasio, And here we're at today
and everybody's trying to make heads or tails out of this.
The Democratic establishment, the Republicans think that they've got a
(00:39):
big win. The reality is both parties are big losers.
In fact, quite frankly, we're all losers on this one.
Dommy I knew he was going to win the race
when I watched the debate between the various different candidates,
and each and every candidate on that DNC stage said
the exact same thing except one. The question was asked,
(01:02):
what is the first city or first country you're going
to visit once you win? Everyone is all, I've been
to Israelist many times. I'm most certainly going to go
to Jerusalem. How I'm going here, I'm going to Jerusalem.
I'm going to I'm going to Israel, and they all
bending over backwards basically kissing Israel's ass except one candidate,
(01:27):
and that's one. That one he said, I'm not going anywhere.
He said, I'm going to stay in New York City
and I'm going to deal with the problems of New
Yorkers and fill hotholes. In that moment in time, I
knew he was going to win. He basically rolled out
the Barack Obama Hope and Change playbook and he did
(01:49):
a great job with it. Woma barely even tried. He
was like basically going through the motions, and we all
know the problems that he had. But Tommy is pretty
much inevitable, and you know, I think we'll probably see
more characters like him pop up around the country. The
interesting thing was is he actually took a look at
(02:11):
the internals, the internals in the polls. It wasn't wasn't
it people from the boroughs. It wasn't the working class
as we like to call them, you know, the working class.
It wasn't the people taking the subway in from Whitestone
and Queens and the Bronx, Yeah, that was It was
the people from Manhattan. Wow, it's interesting why this might
(02:36):
be the case. Some people are saying, hey, gee whiz,
maybe it's because they're not teaching kids properly in schools
what socialism is all about. Mind you, the amount of
Google searches for what socialism is went through the roof
after the race in New York City. I kid you, not,
open change works every single time it's tried. I learned
(02:59):
it when I was in sixth grade. I know I've
told a story before here on the podcast. I lost
a class election in sixth grade to a young lady
who promised that our entire class was going to go
to Disney World. That's right, Disney World over spring break. Now,
mind you went to a public school in upstate New York.
(03:21):
That wasn't happening by any stretch of the imagination, but
didn't matter. Didn't matter. That was hope and change for
my sixth grade classmates back in the day. So man,
I was promising, We're going to get rid of police officers,
replace them with social workers. It's going to be three
bus rides. He's going to make the put in the
(03:44):
more rates stabilization, get the rents down. There was actually
a guy who ran on that back against Bloomberg. If
I'm not mistaken, his whole thing was the rent is
too damn high. Well, the rent is too damn high.
I did an inflation adjusted to comparison to when I
first moved into New York City over thirty years ago,
(04:06):
compared to today, and again, I had a railroad apartment
Upper east Side, eighty second Street between East End and
York Avenue, and it was it was fine to roommates
at the time. My rent rent that was thirteen hundred
dollars a month, split between the three of us. The
average rent right now is over well over four thousand
(04:30):
dollars for New York City. And again, if I wanted
to inflation adjusted for what I paid, I would have
basically been twenty five hundred dollars back in the day.
So again it's it's pretty high. It's pretty high. And
that's not the only thing that's high. Everything is high.
Groceries are high. Subway rides of two dollars and ninety cents,
(04:53):
and kids graduating from college making over six figures. You're
not saving a time. In fact, you've probably got to
get help from mom and dad if you're living in
New York City, especially if you've got student loans. Throw
that in there again. Kids got accustomed to not paying
their student loans, hence COVID. Now they have to pay,
(05:15):
and they're feeling it. They're feeling it. I mean every
statistic out there. You can look at every damn statistic
out there when it comes to wages here in this country,
and they basically haven't gone anywhere in fifty years. The
cost of living has gone through the roof. We're thirty
seven trillion dollars in debt. We continue to print money,
and both the left and the right both say that
(05:38):
they've got the answer to the problem. Right Republican Party.
I want to see left or right. I'll sit the
Republican Party and the Democratic Party. And what do we get.
Every president, every administration with Congress doesn't make any difference.
They spend more, we go further into debt, we drop bombs,
(06:00):
meet the new boss. Same as yobas is boring, man,
It quite frankly is boring anybody that wants to, you know,
basically put out of as. It's a juxtaposition to do
something completely different to a point eighty from what's going on.
They've got a good chance of winning again. They go
back to twenty sixteen, Go back to twenty sixteen. It
was supposed to be Trump versus Bernie Sanders, right, those
(06:23):
will be Trump versus Bernie Sanders. This guy is the
Bernie Sanders for New York City. Again they did, you know,
the Democrats forwarded Bernie Sanders campaign and installed Hillary Clinton
and shoe lost to Trump. Again promising things that were
completely out of the ordinary. But are we getting completely
out of the ordinary anywhere the prices of anything comes down?
(06:45):
Because again they keep telling us, keep telling Sanders, Inflation's
way down. Inflation's way down. To come on, people, plation
keeps going up, people's costs keep going up. It is
what it is. Again, many kids yout to today, they
don't see a light at the end of the tunnel.
That's what they're feeling. That's what they're saying. That's the
(07:08):
reality of the situation. That's the issue. You know, they
claim that, And so they keep saying New Yorker say
it again and again and again. They say, you know,
cheez where it's the greatest city in the entire world.
It's not the greatest city in the entire world. It's
not even close to being the greatest city in the
entire world. It's a joke. They keep telling themselves that
(07:31):
it's gonna make themselves feel good. Landed JFK and again,
deal with all the traffic that's there. I know they're
doing construction, and just take a look at the filth
in the garbage that you're going to see, whether you're
going out towards Long Island or whether you're going into
the city in any direction. It's embarrassing. It's disgusting that
that is the reality of New York City. It's not
gonna get any better under this guy. But what happens.
(07:55):
What happens when there's no hope out there. You get
characters like Mandemmie, you get characters like Hitler, you get
characters well outside of the mainstream because again people they
don't have any hope and they're offering it. That's what
they're selling. That's why this guy won Watchdog on Wall
(08:16):
Street dot Com.
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