November 22, 2025 • 39 mins
Chris Markowski, the Watchdog on Wall Street, discusses the current state of the financial markets, emphasizing the importance of understanding market volatility, inflation, and the job market. He critiques the mainstream media's portrayal of economic realities and highlights the challenges faced by small businesses. Markowski advocates for less government intervention in the economy, arguing that a free market approach is essential for recovery and growth. He also stresses the need for individuals to prepare financially for market fluctuations and to build wealth responsibly.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:07):
Well, no one altered. Investment banker, consumer advocate, hand list trader.
Chris Markowski is the watchdog the wall street. Do you
want to answers exposing the lines and myths that the
big brokerage firms, the mainstream press, and the government are
pushing to keep Americans away from financial freedom. You can't
(00:28):
handle the true proof bringing America the truth about what
really happens in the financial world.
Speaker 2 (00:35):
Ladies and gentlemen, We're not here to indulge in fantasy,
but in political and economic reality.
Speaker 1 (00:40):
This is the watchdog on wall streets.
Speaker 3 (00:44):
Yes we are.
Speaker 2 (00:45):
We're to welcome, welcome everyone to the watchdog on a
wall freehow always honored to be in front of the
microphone in a busy week, busy a couple of weeks
when it comes to inlights, Yeah, I got a lot invitations.
A lot of invitations can be around programs around the
country asking me to well to discuss the markets and
(01:08):
the volatilian the markets, Why.
Speaker 3 (01:11):
The markets moving around felt crazy? It down at top,
it's all over the place. We're gonna get into that.
Speaker 2 (01:17):
I'll talk a little bit about uh in Vidia, because all.
Speaker 3 (01:21):
All eyes were on in video.
Speaker 2 (01:24):
Business press, Oh headlines out there, Will in Vidio save
the market?
Speaker 3 (01:30):
Will Invidia save the market from crashing?
Speaker 2 (01:34):
Really, so that you know our entire economy, entire market
is based upon one company, one area. Well, yeah, when
you look at the indices, yeah, maybe they might have
come down if in Vidia didn't perform as well as
(01:55):
it did. But that's that's not really investing, is it.
We talked about this a lot here on the program.
I've talked about my little Bonzei tree, mister Miagi situation.
When it comes to pruning portfolios and taking profits off
the table and rotating assets into areas of the economy
(02:15):
that are not doing as well.
Speaker 3 (02:18):
You need to be doing that.
Speaker 2 (02:21):
You better be doing that when you get to a
point in time when they're telling you, gee was on
an in video, saved the market there?
Speaker 3 (02:31):
Trade is it a bubble and all sorts of stuff.
Speaker 2 (02:35):
Well, we want to be a little bit careful there, right,
market sell off many.
Speaker 3 (02:42):
Oh my god, Oracle's thirty five percent off and this
one stuff. People, There's a lot of things going on.
Speaker 2 (02:49):
Okay, first and foremost, sometimes the markets can get out
in front of their skis and things can go up.
Here's news flash to a lot of you young people
out there, guess what. Markets do not go up in
a straight line, nor do you want them to. No,
you want markets to go up in a straight line.
(03:09):
And I'm gonna reiterate this point because I've been doing
this for a very long time. Market selloffs, market corrections,
bear markets can be your best friend. They can be
your best friend, as difficult as it may seem when
(03:30):
you're going through it, when you come out on the
other side, if you've built your portfolio properly, you're taking
advantage of getting things on sale, you are going to
be that much more wealthy.
Speaker 3 (03:44):
It's that simple about what people are gonna be. Well,
what about me? And I'm not really putting money way anymore.
I'm in a retirement part of my.
Speaker 2 (03:52):
Point, you know, situation, and I'm taking money out of
my portfolio to live. I get that if you are
in that sageuation, you better at all times. We've talked
about this as well, you better have a bit of
a buffer in your portfolio, a certain amount of money
that is in cash and cash equivalents in case the
(04:15):
market sells off, because guess what it's going to. It's
not a matter of if, it's a matter of when.
What separates when he use that phrase, what separates the
men from the boys, What separates, what separates great investors,
smart money managers and everybody else that just loses on
(04:36):
a perpetual basis, is just that you see, I'm not
too clever by half. I completely understand that. I don't
know what. I don't know you got it. Next week,
I don't know, market go down, give fifteen, something might happen.
Speaker 3 (04:56):
That is a reality.
Speaker 2 (04:59):
That's what Talib calls a black swan now talking about
AI bubbles and AI this that's not really a black
swan because everyone's talking about it. Stuff can come out
of nowhere, and you've got to be prepared for that.
Even stuff that doesn't come out of nowhere, that eventually happens,
you have to be prepared for that. And everyone's in different,
(05:24):
like I said, parts of their life. When it comes
to every portfolio should be different based upon where that
person's situation is.
Speaker 3 (05:32):
I've talked about this at length here on the program.
Speaker 2 (05:35):
That's why we don't never, never, in all of our
years twenty five years on here have never given a
recommendation on air you need to manage your portfolio properly.
I'm just going to go over some of the things
that I see, because again I look at things a
little bit deeper. Okay, First and foremost, US grocery prices
(05:58):
right now have never been more or expensive. That's important
important to recognize because you know that that's going to
translate into other areas of the economy because people are
not going to be able to afford as much or
do other things based upon the fact that what larger
portion of their income is going towards food. Talk about inflation,
(06:22):
and we're going to talk about it at length today
on the program. When we go off on a lot
of the pundits and the bull excrement that they keep
throwing at people, you're told about, oh.
Speaker 3 (06:32):
It's the Fed. We've got to get the CPI numbers.
First and foremost.
Speaker 2 (06:35):
You know that sixty percent of the government CPI basket,
the items that are in the basket, the CPI basket,
the items that they look at, sixty percent are above
three percent. When it comes to inflation, that's a big number.
We we talked about this here on our program for years.
(06:58):
I call it the Markowski Andvestments Bear Necessities inflation index.
We only think about here at Markowski Investments in regards
to the overall economy, what what items are going up
in price on things that basically the basket items that
you have to buy. You have no choice. You have
(07:18):
no choice. You have to buy food, you have to
buy energy. You're gonna get your coffee. You get a
myriad of things that you're gonna be buying on a
regular basis. A television, I don't care. That's not in
the Markowski Investments Bear Necessities Index. Every now and then,
you may need a TV, but you cannot eat a TV,
so I'm not gonna put it in the index. Those
(07:40):
items are up, and I don't care what pundit on TV,
what Fox News personality is telling you, Okay, they're up.
Companies are predicting that twenty twenty six will be the
worst college grad job market in five years.
Speaker 3 (08:03):
No winno, no winno. But we've talked about that before.
Speaker 2 (08:07):
Subprime auto delinquencies are the worst we've seen in thirty years.
Foreclosures surge twenty percent as American struggle to pay mortgages,
and we can take a look at some of the
layoffs that we're seeing in major companies, and you know what,
(08:27):
we'll take that and we'll put that aside. Okay, And
this is an important thing. I've been talking a lot
about it this week. Yeah, we had they gave you.
Speaker 3 (08:35):
The they gave it.
Speaker 2 (08:35):
They finally gave us the September jobs numbers, and they
could have given it to us during the shutdown because
they had it, and unemployment ticked up, and what we have,
one hundred and nineteen thousand jobs are created. Again, looking backwards,
you had revisions to the downside. Overall, the job market
is not strong. It's not falling off a cliff, but
it's not strong by any stretch of the imagination. Now,
(08:59):
the real job engine in this country, it always has
been small businesses, startups, companies that are five years old
and younger are the surreal job engine for our economy.
Always has been big companies. They hire, they fire. It's
(09:20):
always been a bit of a wash. Now we're seeing
a lot, a lot of headline numbers for eieson laying off.
Fifteen thousand may go up to twenty thousand, this one
laying off, that one laying off. The issue right now
is the fact that small businesses being the true job
engine here in this country. They're not doing anything. They are,
(09:41):
They're gonna wait and see mode. They're still trying to
figure things out. They're still dealing with tariffs and the
higher costs now again. I talk about this more later
on in the program.
Speaker 3 (09:53):
What does it mean?
Speaker 2 (09:54):
Why do tariffs affect small businesses harder than large business
It's simple, it's economy is gale.
Speaker 3 (10:02):
Yeah.
Speaker 2 (10:02):
I use this example before in Nike for example, big big, big, big, big, huge,
huge company, right gets hit by tariffs. Well, you know
they can absorb them to a greater degree. Get a
small sneaker manufacturer out there not so much makes their
business that much more difficult. It's called regulatory capture when
(10:23):
we talk about it, regulations, you can call tariff capture.
In this case, it's all the same thing. When regulations
benefit large companies because they hurt their competitors the upstarts
to small companies. That's regulatory capture, tariff capture, you want
to call it this. Yeah, everybody's getting hit with tariffs.
We've got universal tariffs that were put on. But it
obviously affects smaller companies, companies that are looking to grow
(10:47):
startups harder than it does larger companies.
Speaker 3 (10:49):
That's just the reality of the situation.
Speaker 2 (10:52):
So yeah, we've got a weakening jobs market here in
this country. So there are storms ahead now. Anybody who
has been following us at Markowski Investments going back over
thirty years and the calamities that we've we've called and
how we've dealt with them over the years, we bear
(11:16):
this no mind. We bear this no mind. We don't
stress out. We don't stress out over problems that are
coming down the road. I know they Oh, the recession
monsters coming in search of recession isn't going to come
all these things people, For all intents and purposes, we
have been dealing with a stagflationary environment for a long
(11:38):
period of time. I don't care what they're telling you.
I saw a report this past week. Oh my god,
the Atlanta Atlanta Fed said GDP could be at four
point four percent. It's gonna be a blowout number GDP.
What's drive in GDP right now? Let's drive GDP and
(12:00):
you could take a look. We know, we know it's AI,
we know it's these tech companies.
Speaker 3 (12:05):
How's that? How's that GDP working all across land?
Speaker 2 (12:09):
Every everybody feeling that that type of growth in their job,
in their business no way, know how Okay, take that
and you can put that aside. We've got some fundamental
problems with the economy right now, that's a reality. How
do you go about dealing with these storms ahead? Well,
(12:30):
this is what we do, okay. Uh. Our personal CFO
programs is quite simple. It's about managing financial storms, corrections
and volatility, taking advantage of them, not fearing them, not
trying to time them. We never time the market people.
(12:52):
That is one of the dumbest things you can do.
They want you to do it. They've been pushing you
to do it ever since CNBC went on air.
Speaker 3 (13:03):
Same crap.
Speaker 2 (13:04):
Get people riled up, get the people going. They have
all these all these websites too. They've got their little
stock photography folder on their desktop.
Speaker 3 (13:15):
Market sells off all of a sudden. You got the
pictures of the traders on the floor.
Speaker 2 (13:19):
Oh my god, they're looking at the sky, they're gripping
their head.
Speaker 3 (13:22):
Oh my god, the anarchy of humanity. What's gonna happen again?
Speaker 2 (13:28):
That's great for ratings, great for clicks, not great for
your portfolio. You take a deep breath and he says, well, okay,
what do I got here? Okay, just this company's high quality.
This company's got a great future. This one's gonna be fine.
Oh I'm getting dividends over here. Oh, market's down a
(13:50):
little bit. You know what, We're gonna put some more
assets to work down here, take advantage of this selloff
or the opposite markets are racing through the roof. Okay,
this is great. Our portfolios are doing fantastic. Companies up
value to get a little higher. But we got areas
of the economy, our areas of the market down here
that have them doing as well. So guess what, We're
(14:11):
going to take some profits off the table. We're going
to reallocate down here and get our portfolio in check
because these areas will recoup over time as well. I
don't know when, but they will not a matter of if.
It's a matter of when. This slow and steady process
works every every time it's tried.
Speaker 3 (14:37):
Do you understand?
Speaker 2 (14:40):
And I don't mean to sound arrogant by any stretch
of the imagination, but there really is a right way
of doing things and a wrong way of doing things,
And more often than not people do the wrong thing.
Why do they do the wrong thing? Well again, fear
and Green set the trap human nature. People looking for shortcuts.
(15:06):
I can do it quickly. I can get here faster.
Oh my god, I'm seeking out, But I got faster
trading software.
Speaker 3 (15:12):
I got it.
Speaker 2 (15:13):
Doesn't it doesn't work that way, people that that's not
how wealth is built. Do we have issues? Do I
see stormshead? Do I see a myriad of different things
that we have to deal with as gonna?
Speaker 3 (15:28):
Absolutely? Absolutely? Do I know how they're gonna be handled?
Speaker 2 (15:33):
Do I know how it's gonna play out next week,
next month, next quarter?
Speaker 3 (15:36):
No, I don't. But the thing you need to understand
is I don't care.
Speaker 2 (15:42):
I don't care, and neither do my clients because they're
prepared for it.
Speaker 3 (15:46):
And that's what it's.
Speaker 2 (15:47):
All about, being prepared. This is why I don't like
calling it financial planning. It's a misnomer. It's financial preparation,
is what it is. Putting money away, building well so
you can take advantage of all the opportunities that life
is going to present to you.
Speaker 3 (16:10):
So yeah, yeah, a lot of noise out. There's always
a lot of noise, a lot of static. Drive you here,
drive you there.
Speaker 2 (16:15):
Oh gotta listen to this market up market town, Oh
tech gonna say the market what's gonna happen with nvidio. Relax, relax,
do the right thing, build your portfolio properly. Don't fall
into the trap of trying to get rich quick. Okay,
we're here to help you. And what I mean help you,
(16:35):
I mean everyone. Okay, get to our website at Watchdog
on Wallstreet dot com. That's Watchdog on Wallstreet dot com.
Speaker 3 (16:43):
Sign up for our.
Speaker 2 (16:44):
Personal CFO program work with the Markowski family.
Speaker 3 (16:48):
Again.
Speaker 2 (16:49):
You're all invited Watchdog on Wallstreet dot com or give
us a call eight hundred and four to seven one
fifty nine eighty four.
Speaker 3 (16:57):
We'll be back.
Speaker 1 (17:13):
This is the Watchdog on Wall Street.
Speaker 3 (17:19):
Quarterback. Welcome back, everybody. It is the Watchdog on Wall
Street Show.
Speaker 2 (17:28):
Listen people, I take people who've been listening to this
program and people.
Speaker 3 (17:33):
Who you know listen to our podcast as well.
Speaker 2 (17:37):
Again, you can sign up for that at Watchdog on
Wallstreet dot com and it's available everywhere YouTube, Spotify, Apple,
you name it. I take great pains and being accurate.
Great pains. Prep work that we do is quite extensive
here in the program and quite frankly, I in my mind,
(18:00):
well again, I just is something that that I think
is true it's in the Bible. I am going to
be held to a greater account because I believe this
position that I'm in is a position where I am going,
I'm teaching. I have to be doing everything and anything
I can to get it right all the time. This again,
that's why I get frustrated, really frustrated with the mainstream media.
Speaker 3 (18:23):
It's like they don't have any fear of God.
Speaker 2 (18:25):
I see the nonsense that they throw out there, the
way that they try to drive people to narratives that
they create. We don't look to create narratives here on
the program. I'm not looking to sell you anything. Here
on the program. We take what's happening in the world
and we try to break it down as best I
possibly can, and I pray every single day that I'm.
Speaker 3 (18:48):
Getting it right.
Speaker 2 (18:49):
I better get it right because I'm going to be
held to account if I don't get it right. And again,
this is one of the things I don't understand by
most of these media characters because I know I know
that they're getting wrong, and even if they don't know
what they're talking about, if you're in that position where
you're going to be in front of people, you don't
just read off the teleprompter.
Speaker 3 (19:08):
Okay, you better make sure what you're saying is right.
Speaker 2 (19:13):
This is what we are all about here now Again,
I am an equal opportunity basher.
Speaker 3 (19:21):
I go after both sides.
Speaker 2 (19:24):
I don't like political parties, by anty stretch the imagination.
Speaker 3 (19:28):
I think that they're killing us right now.
Speaker 2 (19:31):
I think that people don't realize, okay, that both political parties.
Speaker 3 (19:36):
Have it out for us for some time.
Speaker 2 (19:40):
They've turned into bloody influencers for crying out loud, and
they protect one another. I believe in the constitution. I
have my conservative libertarian principles that I lay out here.
Speaker 3 (19:54):
But again, I vote a certain way, and.
Speaker 2 (19:58):
I'm going to go after the person I vote for
if I don't agree with them. Now out the times,
I'll be talking about things on the podcast or here
in the radio show. Okay, this has happened a lot lately.
They're like, I understand, Chris, I understand he's their message. Again,
it's just but it's still better than Kamala. Okay, I
(20:19):
get that, But again, do you not want me to
provide the truth here on the program? More on this, uh,
when we get back. Watchdog on Wallstreet dot Com. Watchdog
Wallstreet dot Com.
Speaker 3 (20:31):
We'll be back.
Speaker 1 (20:34):
You know you're someunthing specialist like you're you're listening to
the Watchdog on Wall Street, the only man who is
(21:01):
taking on the Wall Street establishment. You're listening to the
Watchdog on Wall Street with Chris Markowski.
Speaker 2 (21:13):
This is a great too, a little chili from way
back when we go we welcome back. But he's to
Watchdog on Wall Street show great tune anyway, back to
what I was saying, Oh, but you know what, he's
still better than the Kamala.
Speaker 3 (21:27):
Okay, I get that. Okay, I voted for the guy twice.
Speaker 2 (21:31):
Wasn't my first choice by any stretch of the imagination,
but it is what it is. I am here not
to cheerlead Donald Trump. Okay, he's got his entire cabinet
that's doing that all the time, and must most of
the lineup on Fox News as well. Okay, he doesn't
need another cheerleader. What the president needs right now is
(21:54):
a good, swift kick in the butttoks and get him
back to the things that people want wanted him to do.
I didn't vote for a lot of this stuff, and
I know you did either, Okay, I know you don't
you didn't you did through Elon out through Elon basically
got thrown out of Washington, DC. And this is getting
both Democrats and Republicans because they didn't like what he
(22:16):
was coming up with. They didn't like the fact that
he was exposing the grift, exposing what really goes on there.
I mean, you got to think about a guy like him, okay,
the things that he's doing, the stuff that he's building
and creating, and then being in Washington, D C. And
seeing all these people that do not build or create
any things but take taxpayer dollars and just you know,
(22:37):
put it in their pockets. Discussed people like myself that
again worked for it like Elon worked for it, and
understand that everything in life that is meaning, value and
worth involves work, time, and effort. These people are basically
getting around that by again grifting in Washington, d C, USA,
(22:58):
all these organizations.
Speaker 3 (23:00):
Let's take our little cut.
Speaker 2 (23:02):
But again both Republicans and Democrats like they couldn't have
him there actually exposing what really goes on. There's an
opportunity right now, opportunity and I really hope, I really
hope conservatives I even like using the word Republicans actually
take advantage people who really care. Does does anybody actually
(23:25):
really believe because the left right now is pushing all
of this socialist nonsense that's going to save our economy,
is going to save the country. Is more government, more
government spending, another government program, No.
Speaker 3 (23:39):
Way, no how.
Speaker 2 (23:41):
You've got to be an idiot to think that's the case,
because it's never worked. This is the opportunity. This is
the opportunity for Trump, this is the opportunity for the
Republican Party, true conservatives.
Speaker 3 (23:58):
You can lay it all out.
Speaker 2 (24:00):
It's as plain as day. I've been doing it for
some time. They failed miserably during the shutdown. They should
have been out teaching everybody that all of these proposals,
these Democratic proposals, all these things have been a disaster.
Speaker 3 (24:16):
Obamacare front and center. It's all a.
Speaker 2 (24:21):
Matter of hell, this is free. We're giving this a way. No no, no, no, no,
nothing is free. It's the fallacy of free. You're just
making somebody else pay.
Speaker 3 (24:30):
Again. You know, this is an amazing number.
Speaker 2 (24:33):
I've talked about this year on the program, and it's
a major problem with our country today. When Joe Biden
took office, I sually Bill mcgern pointed us out in
the Wall Street Journalist past week. I want to give
him credit. When Joe Biden entered the Oval office in
twenty twenty one, the median age a first time home
buyers was thirty three. It's now forty. Think about that.
(24:59):
How is as a country? How are we gonna we're
gonna get back? How do you make America great again
when the median first time home buyer is forty And No,
a fifty year mortgage is not gonna solve the problem.
Speaker 3 (25:13):
Okay, it's not.
Speaker 2 (25:16):
We have a massive affordability crisis that I've been talking
about that's gone parabolic. I've been talking about it for
decades now, and it's gone parabolic. Walter Isaacson one of
my favorite biographer. He's got a new book that that's
coming out, and I think it's called the greatest greatest
sentence ever written, and he talks about the declaration we
hold these truths to be self evident, and he breaks
(25:39):
down how different aspects and people that got involved in
that sentence. It wasn't just Jefferson, it was Adams as
well that that got involved in it, and like the
give and take, Franklin got involved with it as well,
and it's it's kind of you think about it. You
think about that sentence. He says, so wow, wow, Wait,
(26:01):
we've been here for two hundred and fifty years. There's
people that were the wealthiest members of society here in
the colonies and they said, no, we're going to do
something bigger and better than that.
Speaker 3 (26:14):
And how we've.
Speaker 2 (26:15):
Built this country over two hundred and fifty years with
all of our faults and all of our warts almos.
Speaker 3 (26:19):
And we've moved on for it.
Speaker 2 (26:20):
But if we got to get we have to as
a country, I get to a point in time again
where people can see that light at the end of
the tunnel. It's not band aid fixes, it's fundamental shifts
away from the away from the way we have been
doing things. And that's our fault as well, poor choices
(26:43):
that we have made relying on Washington, DC rather than
our local communities. I want to talk a little bit
more about this when we get back. I'm to take
a quick break. Watchdog on Wallstreet dot com. Watchdog on
Wall Street dot com is our site again. Become a
part of the Watchdog on Wall Street family, our personal
CFO program, podcast, newsletter, all sorts of great stuff, Watchdog
(27:07):
on Wallstreet dot Com or give us a call. Hey,
one hundred four to seven to one fifty nine eighty four.
Speaker 3 (27:12):
Here's a temple. All the fetlers tut to do what
those ladies tem.
Speaker 1 (27:26):
You should believe in math, not magic. You're listening to
The Watchdog on Wall Street with Chris Markowski.
Speaker 3 (27:35):
Yeah, we're completely different. Yeah.
Speaker 2 (27:39):
People hear this for the first time. It's kind of
like a he's in that line Jack Nicholson's joker waiting.
Speaker 3 (27:45):
They get a load of me.
Speaker 2 (27:47):
Uh yeah, We've been on air for for twenty five
years now, been doing this for some time, and then
you know, get the questions sometimes, you know, got our
success and God willing it can continues. Well, you know, people,
you know this. I'm not Jim Kramer. I'm not those
trading shows on CNBC or Charles Pain and all the
(28:11):
nonsense and they put on it. Do you understand that
we break down, We get to the crux and the
root of problems or successes, things that are happening within society.
And this again, this basically points us in the direction
of ways that we position our clients' assets and money.
(28:32):
This is what's made us successful. I don't need magical trading, software, algorithms,
fundamentalness and oh fifty day movie. No, I don't do
any of that. We talk about issues within society here
on the poem. We also take talk about the solutions
(28:53):
to them. We don't complain. Okay, big difference between this
program and everybody else. You're gonna have programs out there
talking about all the problems of the world. We lay
out solutions to the problems. And that's that's key, because again,
I have to be as cynical as I can be.
Sometimes I may sound here on the program. I have
(29:14):
no choice but to be optimistic. I've got three kids.
Many of you have kids, many of you have grandkids,
and it should be it is our duty. It is
our job to leave our kids, our grandkids with a
better world.
Speaker 3 (29:33):
So when you see me Rant and Raven.
Speaker 2 (29:35):
Here on the program about various different things, I take
that that is a big responsibility. Okay, that is a
that is a big response ability, and I think everybody
needs to take it on. So we know where're at now.
You can see the forest for the trees, you can
see what's going on in Washington, d C. Don't cop out.
(30:00):
That's one of the things people, Cobb, I go to
vote once, Yea, I voted. You don't even pay attention
to what's going on. You need to be paying attention
to your local communities. We need to bring power back
to the people. How do you bring power back to
the people again, you take the power away from Washington, DC.
You take a look at certain states here in this
country that have been getting it right. Hey again, I'm
(30:22):
biased to some degree, but I'm not. Okay, Bill Parcells,
you are what your record says you are. Take take
a bloody look at the state of Florida and what
Ron DeSantis has done here.
Speaker 3 (30:38):
I mean, he for a life of me.
Speaker 2 (30:41):
I again, I wanted him to be president. Okay, well,
I wanted him to be president. I just wanted him
to finish his term here as Florida governor because he's
gonna get termed out. I mean, if you could put
Shohei Otani on your baseball team and Aaron Judge, would
you do it? Why not look to people that have
(31:02):
been doing it, that have been successful on a local.
Speaker 3 (31:07):
Level and lift them up.
Speaker 2 (31:10):
Not someone because they're a big personality or they look
good on Fox News or MSNBC.
Speaker 3 (31:18):
We need to choose wisely right.
Speaker 2 (31:22):
Remember the night said that in uh the Indiana Jones movie.
There from the Last Crusade anyway, got to take another break.
Watchdog on Wallstreet dot com, Watchdog on Wallstreet dot Com,
don't go anywhere.
Speaker 3 (31:33):
We'll be back.
Speaker 2 (31:38):
And there a new again who carried a mirror in
his pocket.
Speaker 1 (31:42):
Chris Morkowski is the Watchdog of Wall Streets bringing America
(32:02):
financial freedom. One listener at a time. You're listening to
the Watchdog on Wall Street with Chris Markowski.
Speaker 2 (32:16):
Quarterback, listen. Okay, you came to the wrong place. You're
listening to this program, and you expect me to start
rattling off various different recommendations and what I think about
this sector and what I think about that sector and
all this nonsense. You got another thing coming.
Speaker 3 (32:37):
Okay.
Speaker 2 (32:40):
We have thousands and thousands of clients all over the world.
No two portfolios look alike. Everyone's situation is unique and different.
I can't you know, what do you understand? And how
(33:00):
irresponsible that is when you programs out there and people
are giving recommendations and they're just throwing it out there.
That recommendation may apply to that individual, but it may
not apply to his nextdoor neighbor or his mother or
his cousin or whatever it may be. I have never
done that in all of my ears. So if you
(33:21):
come to the you know, listen to this program. You
think I'm going to start giving you some sort of
hot stock tip, You're crazy because there isn't any Do
you understand. We build wealth, we build portfolios. It's called
financial preparation. You either do it or not. You're looking
for some sort of quick fix. You're looking for magic
(33:43):
trading software. Not here, not here, not anywhere, because it
doesn't exist anyway. Let's let's talk about what we need
ken Well, the world needs now a little Burt backrack, Yeah,
any way, what the world needs now? What our country
(34:03):
needs now? Less government less, not more. We don't need
more public private partnerships. We don't need the government taking
stakes in the private sector.
Speaker 3 (34:17):
Okay.
Speaker 2 (34:18):
We need lower taxes, we need lighter regulations. And when
I mean lower taxes, uh, tariffs are taxes and they're
hitting small businesses. Okay, I my data is better than
the FEDS data. Okay, you want to know why, because
I've got small business clients all over the country. For
(34:40):
crime out loud, I know what they're dealing with. We
need lower taxes, mean lower tariffs, lower regulations. Regulations are
a killer to Trump's helping with that, but he could
be doing much much more. We talk about them now.
But I mentioned the high cost of food here in
this country. You want to know why it's because again,
it's the corporatism that has infected everything.
Speaker 3 (35:03):
We just benefit big food, that's all.
Speaker 2 (35:08):
You know.
Speaker 3 (35:08):
The way that the way we.
Speaker 2 (35:10):
Handle beef with again, I'll get into that a little
bit later on in the program. Here in this country,
and the meat packers that we have and the fact that,
oh my god, we're gonna we're gonna make it difficult
for them to sell their meat as expensive as possible.
Speaker 3 (35:23):
So what do they do?
Speaker 2 (35:24):
They throw their hands up in there and say, this
business is not affordable anymore.
Speaker 3 (35:27):
Now we're we're gonna sell all of our ranch land,
you know, to.
Speaker 2 (35:30):
Some developer that's gonna put up put up ugly looking
apartment buildings that look like they were designed by the
Soviet Union.
Speaker 3 (35:37):
Is that we want a country to be?
Speaker 2 (35:38):
You want to you wanna plow under all the rants,
then you want to plow under all the farmland.
Speaker 3 (35:44):
I don't. I don't want to go all.
Speaker 2 (35:46):
John Dutton Yellowstone on this, but this is something that
I happen to believe in. These are things that we
need to fix. You know how difficult it is to
be a farmer here and bring things to market with
the FDA. How dumb their rules and regulation? Why is
our food so much more expensive than any place I
(36:06):
go around the globe? How can that be?
Speaker 3 (36:11):
Regulations? Again?
Speaker 2 (36:14):
Also, get rid of regulations because you want to unleash
animal spirits, the energy, the energy of the American people.
I've described this for small business owners as a minefield.
Speaker 3 (36:28):
Again.
Speaker 2 (36:29):
This is going back to Obama. I was this is
what I remember this show. I did it here on
the program. You're a small business owner. You're a small
business owner, and you know you've only got a certain
amount of capital. You're taking a great risk. Again, it's
one of the this is why America is so great.
It's okay to fail. People go out there building and
creating and starting businesses. But when you have a minefield
(36:51):
with just regulations and rules, and you look at your window,
all I know, the minds are okay. I can't step
over there. I step on that mind booth up. My
business is gone. But what if every single day you
wake up and the minds move, they're moved around because
government regulators changed the rules.
Speaker 3 (37:09):
It's uncertainty every single day.
Speaker 2 (37:10):
And you do that as a business owner, you pause,
you say this a well, hold on a second, I
don't know. Maybe I'm not going to invest, maybe I'm
not going to do this, and the animal spirits go away.
Speaker 3 (37:23):
This is what we have to get back to. Listen.
Speaker 2 (37:26):
Trump has done a lot that I've given him credit for. Okay,
done a lot, trying to get rid of regulations. Needs
to do more.
Speaker 3 (37:33):
Okay.
Speaker 2 (37:34):
His intervention in the economy with tariffs, I'm telling you
right now, been a disaster.
Speaker 3 (37:38):
Okay, He's already had to roll back.
Speaker 2 (37:40):
We talked about this, how to roll back to tariffs
because they haven't worked. They haven't worked, and prices have
gone up again. Universal tariffs just don't make any sense.
Targeted tariffs. I didn't have any problem with that, because
that's what he talked about on the campaign trail. You
want to target you want to deal with China on
a one on one basis, Yes, you don't go to
the entire world. Hey, we're just whacking everybody upside the head.
(38:02):
So now that I'm not kidding you, I'm not gonna
be able to get my Italian pasta that I like
because they're gonna terrify and I'm not gonna be able
to get it.
Speaker 3 (38:10):
Dumb, No, it makes no sense.
Speaker 2 (38:13):
Okay, get back, Get back to the.
Speaker 3 (38:19):
Old school, old.
Speaker 2 (38:22):
School free market approach where the government is not involved
in the economy. The government is the referee, is the umpire.
The government's there to create the conditions the environment so
you and I can go out in better lives for
(38:42):
our families, for our workers, for our clients, whatever it
may be. Balance the bloody budget. Let's get ourselves a
sound currency.
Speaker 3 (38:57):
Let's have a rule of law that applies to everybody.
Is this is this too much to ask?
Speaker 2 (39:05):
You want to get the country, you want to make
America great again or America for whatever taglines they're.
Speaker 3 (39:10):
Using right now. It's a simple, simple formula.
Speaker 2 (39:16):
Watchdog on Wallstreet dot com, Watchdog on Wallstreet dot com,
personal CFO program, podcast, newsletter, all sorts of great stuff.
Speaker 3 (39:25):
Watchdog on Wallstreet dot com. We'll be back.
Speaker 1 (39:30):
You're listening to the Watchdog on Wall Street
Well, no one altered. Investment banker, consumer advocate, hand list trader.
Chris Markowski is the watchdog the wall street. Do you
want to answers exposing the lines and myths that the
big brokerage firms, the mainstream press, and the government are
pushing to keep Americans away from financial freedom. You can't
(00:28):
handle the true proof bringing America the truth about what
really happens in the financial world.
Speaker 2 (00:35):
Ladies and gentlemen, We're not here to indulge in fantasy,
but in political and economic reality.
Speaker 1 (00:40):
This is the watchdog on wall streets.
Speaker 3 (00:44):
Yes we are.
Speaker 2 (00:45):
We're to welcome, welcome everyone to the watchdog on a
wall freehow always honored to be in front of the
microphone in a busy week, busy a couple of weeks
when it comes to inlights, Yeah, I got a lot invitations.
A lot of invitations can be around programs around the
country asking me to well to discuss the markets and
(01:08):
the volatilian the markets, Why.
Speaker 3 (01:11):
The markets moving around felt crazy? It down at top,
it's all over the place. We're gonna get into that.
Speaker 2 (01:17):
I'll talk a little bit about uh in Vidia, because all.
Speaker 3 (01:21):
All eyes were on in video.
Speaker 2 (01:24):
Business press, Oh headlines out there, Will in Vidio save
the market?
Speaker 3 (01:30):
Will Invidia save the market from crashing?
Speaker 2 (01:34):
Really, so that you know our entire economy, entire market
is based upon one company, one area. Well, yeah, when
you look at the indices, yeah, maybe they might have
come down if in Vidia didn't perform as well as
(01:55):
it did. But that's that's not really investing, is it.
We talked about this a lot here on the program.
I've talked about my little Bonzei tree, mister Miagi situation.
When it comes to pruning portfolios and taking profits off
the table and rotating assets into areas of the economy
(02:15):
that are not doing as well.
Speaker 3 (02:18):
You need to be doing that.
Speaker 2 (02:21):
You better be doing that when you get to a
point in time when they're telling you, gee was on
an in video, saved the market there?
Speaker 3 (02:31):
Trade is it a bubble and all sorts of stuff.
Speaker 2 (02:35):
Well, we want to be a little bit careful there, right,
market sell off many.
Speaker 3 (02:42):
Oh my god, Oracle's thirty five percent off and this
one stuff. People, There's a lot of things going on.
Speaker 2 (02:49):
Okay, first and foremost, sometimes the markets can get out
in front of their skis and things can go up.
Here's news flash to a lot of you young people
out there, guess what. Markets do not go up in
a straight line, nor do you want them to. No,
you want markets to go up in a straight line.
(03:09):
And I'm gonna reiterate this point because I've been doing
this for a very long time. Market selloffs, market corrections,
bear markets can be your best friend. They can be
your best friend, as difficult as it may seem when
(03:30):
you're going through it, when you come out on the
other side, if you've built your portfolio properly, you're taking
advantage of getting things on sale, you are going to
be that much more wealthy.
Speaker 3 (03:44):
It's that simple about what people are gonna be. Well,
what about me? And I'm not really putting money way anymore.
I'm in a retirement part of my.
Speaker 2 (03:52):
Point, you know, situation, and I'm taking money out of
my portfolio to live. I get that if you are
in that sageuation, you better at all times. We've talked
about this as well, you better have a bit of
a buffer in your portfolio, a certain amount of money
that is in cash and cash equivalents in case the
(04:15):
market sells off, because guess what it's going to. It's
not a matter of if, it's a matter of when.
What separates when he use that phrase, what separates the
men from the boys, What separates, what separates great investors,
smart money managers and everybody else that just loses on
(04:36):
a perpetual basis, is just that you see, I'm not
too clever by half. I completely understand that. I don't
know what. I don't know you got it. Next week,
I don't know, market go down, give fifteen, something might happen.
Speaker 3 (04:56):
That is a reality.
Speaker 2 (04:59):
That's what Talib calls a black swan now talking about
AI bubbles and AI this that's not really a black
swan because everyone's talking about it. Stuff can come out
of nowhere, and you've got to be prepared for that.
Even stuff that doesn't come out of nowhere, that eventually happens,
you have to be prepared for that. And everyone's in different,
(05:24):
like I said, parts of their life. When it comes
to every portfolio should be different based upon where that
person's situation is.
Speaker 3 (05:32):
I've talked about this at length here on the program.
Speaker 2 (05:35):
That's why we don't never, never, in all of our
years twenty five years on here have never given a
recommendation on air you need to manage your portfolio properly.
I'm just going to go over some of the things
that I see, because again I look at things a
little bit deeper. Okay, First and foremost, US grocery prices
(05:58):
right now have never been more or expensive. That's important
important to recognize because you know that that's going to
translate into other areas of the economy because people are
not going to be able to afford as much or
do other things based upon the fact that what larger
portion of their income is going towards food. Talk about inflation,
(06:22):
and we're going to talk about it at length today
on the program. When we go off on a lot
of the pundits and the bull excrement that they keep
throwing at people, you're told about, oh.
Speaker 3 (06:32):
It's the Fed. We've got to get the CPI numbers.
First and foremost.
Speaker 2 (06:35):
You know that sixty percent of the government CPI basket,
the items that are in the basket, the CPI basket,
the items that they look at, sixty percent are above
three percent. When it comes to inflation, that's a big number.
We we talked about this here on our program for years.
(06:58):
I call it the Markowski Andvestments Bear Necessities inflation index.
We only think about here at Markowski Investments in regards
to the overall economy, what what items are going up
in price on things that basically the basket items that
you have to buy. You have no choice. You have
(07:18):
no choice. You have to buy food, you have to
buy energy. You're gonna get your coffee. You get a
myriad of things that you're gonna be buying on a
regular basis. A television, I don't care. That's not in
the Markowski Investments Bear Necessities Index. Every now and then,
you may need a TV, but you cannot eat a TV,
so I'm not gonna put it in the index. Those
(07:40):
items are up, and I don't care what pundit on TV,
what Fox News personality is telling you, Okay, they're up.
Companies are predicting that twenty twenty six will be the
worst college grad job market in five years.
Speaker 3 (08:03):
No winno, no winno. But we've talked about that before.
Speaker 2 (08:07):
Subprime auto delinquencies are the worst we've seen in thirty years.
Foreclosures surge twenty percent as American struggle to pay mortgages,
and we can take a look at some of the
layoffs that we're seeing in major companies, and you know what,
(08:27):
we'll take that and we'll put that aside. Okay, And
this is an important thing. I've been talking a lot
about it this week. Yeah, we had they gave you.
Speaker 3 (08:35):
The they gave it.
Speaker 2 (08:35):
They finally gave us the September jobs numbers, and they
could have given it to us during the shutdown because
they had it, and unemployment ticked up, and what we have,
one hundred and nineteen thousand jobs are created. Again, looking backwards,
you had revisions to the downside. Overall, the job market
is not strong. It's not falling off a cliff, but
it's not strong by any stretch of the imagination. Now,
(08:59):
the real job engine in this country, it always has
been small businesses, startups, companies that are five years old
and younger are the surreal job engine for our economy.
Always has been big companies. They hire, they fire. It's
(09:20):
always been a bit of a wash. Now we're seeing
a lot, a lot of headline numbers for eieson laying off.
Fifteen thousand may go up to twenty thousand, this one
laying off, that one laying off. The issue right now
is the fact that small businesses being the true job
engine here in this country. They're not doing anything. They are,
(09:41):
They're gonna wait and see mode. They're still trying to
figure things out. They're still dealing with tariffs and the
higher costs now again. I talk about this more later
on in the program.
Speaker 3 (09:53):
What does it mean?
Speaker 2 (09:54):
Why do tariffs affect small businesses harder than large business
It's simple, it's economy is gale.
Speaker 3 (10:02):
Yeah.
Speaker 2 (10:02):
I use this example before in Nike for example, big big, big, big, big, huge,
huge company, right gets hit by tariffs. Well, you know
they can absorb them to a greater degree. Get a
small sneaker manufacturer out there not so much makes their
business that much more difficult. It's called regulatory capture when
(10:23):
we talk about it, regulations, you can call tariff capture.
In this case, it's all the same thing. When regulations
benefit large companies because they hurt their competitors the upstarts
to small companies. That's regulatory capture, tariff capture, you want
to call it this. Yeah, everybody's getting hit with tariffs.
We've got universal tariffs that were put on. But it
obviously affects smaller companies, companies that are looking to grow
(10:47):
startups harder than it does larger companies.
Speaker 3 (10:49):
That's just the reality of the situation.
Speaker 2 (10:52):
So yeah, we've got a weakening jobs market here in
this country. So there are storms ahead now. Anybody who
has been following us at Markowski Investments going back over
thirty years and the calamities that we've we've called and
how we've dealt with them over the years, we bear
(11:16):
this no mind. We bear this no mind. We don't
stress out. We don't stress out over problems that are
coming down the road. I know they Oh, the recession
monsters coming in search of recession isn't going to come
all these things people, For all intents and purposes, we
have been dealing with a stagflationary environment for a long
(11:38):
period of time. I don't care what they're telling you.
I saw a report this past week. Oh my god,
the Atlanta Atlanta Fed said GDP could be at four
point four percent. It's gonna be a blowout number GDP.
What's drive in GDP right now? Let's drive GDP and
(12:00):
you could take a look. We know, we know it's AI,
we know it's these tech companies.
Speaker 3 (12:05):
How's that? How's that GDP working all across land?
Speaker 2 (12:09):
Every everybody feeling that that type of growth in their job,
in their business no way, know how Okay, take that
and you can put that aside. We've got some fundamental
problems with the economy right now, that's a reality. How
do you go about dealing with these storms ahead? Well,
(12:30):
this is what we do, okay. Uh. Our personal CFO
programs is quite simple. It's about managing financial storms, corrections
and volatility, taking advantage of them, not fearing them, not
trying to time them. We never time the market people.
(12:52):
That is one of the dumbest things you can do.
They want you to do it. They've been pushing you
to do it ever since CNBC went on air.
Speaker 3 (13:03):
Same crap.
Speaker 2 (13:04):
Get people riled up, get the people going. They have
all these all these websites too. They've got their little
stock photography folder on their desktop.
Speaker 3 (13:15):
Market sells off all of a sudden. You got the
pictures of the traders on the floor.
Speaker 2 (13:19):
Oh my god, they're looking at the sky, they're gripping
their head.
Speaker 3 (13:22):
Oh my god, the anarchy of humanity. What's gonna happen again?
Speaker 2 (13:28):
That's great for ratings, great for clicks, not great for
your portfolio. You take a deep breath and he says, well, okay,
what do I got here? Okay, just this company's high quality.
This company's got a great future. This one's gonna be fine.
Oh I'm getting dividends over here. Oh, market's down a
(13:50):
little bit. You know what, We're gonna put some more
assets to work down here, take advantage of this selloff
or the opposite markets are racing through the roof. Okay,
this is great. Our portfolios are doing fantastic. Companies up
value to get a little higher. But we got areas
of the economy, our areas of the market down here
that have them doing as well. So guess what, We're
(14:11):
going to take some profits off the table. We're going
to reallocate down here and get our portfolio in check
because these areas will recoup over time as well. I
don't know when, but they will not a matter of if.
It's a matter of when. This slow and steady process
works every every time it's tried.
Speaker 3 (14:37):
Do you understand?
Speaker 2 (14:40):
And I don't mean to sound arrogant by any stretch
of the imagination, but there really is a right way
of doing things and a wrong way of doing things,
And more often than not people do the wrong thing.
Why do they do the wrong thing? Well again, fear
and Green set the trap human nature. People looking for shortcuts.
(15:06):
I can do it quickly. I can get here faster.
Oh my god, I'm seeking out, But I got faster
trading software.
Speaker 3 (15:12):
I got it.
Speaker 2 (15:13):
Doesn't it doesn't work that way, people that that's not
how wealth is built. Do we have issues? Do I
see stormshead? Do I see a myriad of different things
that we have to deal with as gonna?
Speaker 3 (15:28):
Absolutely? Absolutely? Do I know how they're gonna be handled?
Speaker 2 (15:33):
Do I know how it's gonna play out next week,
next month, next quarter?
Speaker 3 (15:36):
No, I don't. But the thing you need to understand
is I don't care.
Speaker 2 (15:42):
I don't care, and neither do my clients because they're
prepared for it.
Speaker 3 (15:46):
And that's what it's.
Speaker 2 (15:47):
All about, being prepared. This is why I don't like
calling it financial planning. It's a misnomer. It's financial preparation,
is what it is. Putting money away, building well so
you can take advantage of all the opportunities that life
is going to present to you.
Speaker 3 (16:10):
So yeah, yeah, a lot of noise out. There's always
a lot of noise, a lot of static. Drive you here,
drive you there.
Speaker 2 (16:15):
Oh gotta listen to this market up market town, Oh
tech gonna say the market what's gonna happen with nvidio. Relax, relax,
do the right thing, build your portfolio properly. Don't fall
into the trap of trying to get rich quick. Okay,
we're here to help you. And what I mean help you,
(16:35):
I mean everyone. Okay, get to our website at Watchdog
on Wallstreet dot com. That's Watchdog on Wallstreet dot com.
Speaker 3 (16:43):
Sign up for our.
Speaker 2 (16:44):
Personal CFO program work with the Markowski family.
Speaker 3 (16:48):
Again.
Speaker 2 (16:49):
You're all invited Watchdog on Wallstreet dot com or give
us a call eight hundred and four to seven one
fifty nine eighty four.
Speaker 3 (16:57):
We'll be back.
Speaker 1 (17:13):
This is the Watchdog on Wall Street.
Speaker 3 (17:19):
Quarterback. Welcome back, everybody. It is the Watchdog on Wall
Street Show.
Speaker 2 (17:28):
Listen people, I take people who've been listening to this
program and people.
Speaker 3 (17:33):
Who you know listen to our podcast as well.
Speaker 2 (17:37):
Again, you can sign up for that at Watchdog on
Wallstreet dot com and it's available everywhere YouTube, Spotify, Apple,
you name it. I take great pains and being accurate.
Great pains. Prep work that we do is quite extensive
here in the program and quite frankly, I in my mind,
(18:00):
well again, I just is something that that I think
is true it's in the Bible. I am going to
be held to a greater account because I believe this
position that I'm in is a position where I am going,
I'm teaching. I have to be doing everything and anything
I can to get it right all the time. This again,
that's why I get frustrated, really frustrated with the mainstream media.
Speaker 3 (18:23):
It's like they don't have any fear of God.
Speaker 2 (18:25):
I see the nonsense that they throw out there, the
way that they try to drive people to narratives that
they create. We don't look to create narratives here on
the program. I'm not looking to sell you anything. Here
on the program. We take what's happening in the world
and we try to break it down as best I
possibly can, and I pray every single day that I'm.
Speaker 3 (18:48):
Getting it right.
Speaker 2 (18:49):
I better get it right because I'm going to be
held to account if I don't get it right. And again,
this is one of the things I don't understand by
most of these media characters because I know I know
that they're getting wrong, and even if they don't know
what they're talking about, if you're in that position where
you're going to be in front of people, you don't
just read off the teleprompter.
Speaker 3 (19:08):
Okay, you better make sure what you're saying is right.
Speaker 2 (19:13):
This is what we are all about here now Again,
I am an equal opportunity basher.
Speaker 3 (19:21):
I go after both sides.
Speaker 2 (19:24):
I don't like political parties, by anty stretch the imagination.
Speaker 3 (19:28):
I think that they're killing us right now.
Speaker 2 (19:31):
I think that people don't realize, okay, that both political parties.
Speaker 3 (19:36):
Have it out for us for some time.
Speaker 2 (19:40):
They've turned into bloody influencers for crying out loud, and
they protect one another. I believe in the constitution. I
have my conservative libertarian principles that I lay out here.
Speaker 3 (19:54):
But again, I vote a certain way, and.
Speaker 2 (19:58):
I'm going to go after the person I vote for
if I don't agree with them. Now out the times,
I'll be talking about things on the podcast or here
in the radio show. Okay, this has happened a lot lately.
They're like, I understand, Chris, I understand he's their message. Again,
it's just but it's still better than Kamala. Okay, I
(20:19):
get that, But again, do you not want me to
provide the truth here on the program? More on this, uh,
when we get back. Watchdog on Wallstreet dot Com. Watchdog
Wallstreet dot Com.
Speaker 3 (20:31):
We'll be back.
Speaker 1 (20:34):
You know you're someunthing specialist like you're you're listening to
the Watchdog on Wall Street, the only man who is
(21:01):
taking on the Wall Street establishment. You're listening to the
Watchdog on Wall Street with Chris Markowski.
Speaker 2 (21:13):
This is a great too, a little chili from way
back when we go we welcome back. But he's to
Watchdog on Wall Street show great tune anyway, back to
what I was saying, Oh, but you know what, he's
still better than the Kamala.
Speaker 3 (21:27):
Okay, I get that. Okay, I voted for the guy twice.
Speaker 2 (21:31):
Wasn't my first choice by any stretch of the imagination,
but it is what it is. I am here not
to cheerlead Donald Trump. Okay, he's got his entire cabinet
that's doing that all the time, and must most of
the lineup on Fox News as well. Okay, he doesn't
need another cheerleader. What the president needs right now is
(21:54):
a good, swift kick in the butttoks and get him
back to the things that people want wanted him to do.
I didn't vote for a lot of this stuff, and
I know you did either, Okay, I know you don't
you didn't you did through Elon out through Elon basically
got thrown out of Washington, DC. And this is getting
both Democrats and Republicans because they didn't like what he
(22:16):
was coming up with. They didn't like the fact that
he was exposing the grift, exposing what really goes on there.
I mean, you got to think about a guy like him, okay,
the things that he's doing, the stuff that he's building
and creating, and then being in Washington, D C. And
seeing all these people that do not build or create
any things but take taxpayer dollars and just you know,
(22:37):
put it in their pockets. Discussed people like myself that
again worked for it like Elon worked for it, and
understand that everything in life that is meaning, value and
worth involves work, time, and effort. These people are basically
getting around that by again grifting in Washington, d C, USA,
(22:58):
all these organizations.
Speaker 3 (23:00):
Let's take our little cut.
Speaker 2 (23:02):
But again both Republicans and Democrats like they couldn't have
him there actually exposing what really goes on. There's an
opportunity right now, opportunity and I really hope, I really
hope conservatives I even like using the word Republicans actually
take advantage people who really care. Does does anybody actually
(23:25):
really believe because the left right now is pushing all
of this socialist nonsense that's going to save our economy,
is going to save the country. Is more government, more
government spending, another government program, No.
Speaker 3 (23:39):
Way, no how.
Speaker 2 (23:41):
You've got to be an idiot to think that's the case,
because it's never worked. This is the opportunity. This is
the opportunity for Trump, this is the opportunity for the
Republican Party, true conservatives.
Speaker 3 (23:58):
You can lay it all out.
Speaker 2 (24:00):
It's as plain as day. I've been doing it for
some time. They failed miserably during the shutdown. They should
have been out teaching everybody that all of these proposals,
these Democratic proposals, all these things have been a disaster.
Speaker 3 (24:16):
Obamacare front and center. It's all a.
Speaker 2 (24:21):
Matter of hell, this is free. We're giving this a way. No no, no, no, no,
nothing is free. It's the fallacy of free. You're just
making somebody else pay.
Speaker 3 (24:30):
Again. You know, this is an amazing number.
Speaker 2 (24:33):
I've talked about this year on the program, and it's
a major problem with our country today. When Joe Biden
took office, I sually Bill mcgern pointed us out in
the Wall Street Journalist past week. I want to give
him credit. When Joe Biden entered the Oval office in
twenty twenty one, the median age a first time home
buyers was thirty three. It's now forty. Think about that.
(24:59):
How is as a country? How are we gonna we're
gonna get back? How do you make America great again
when the median first time home buyer is forty And No,
a fifty year mortgage is not gonna solve the problem.
Speaker 3 (25:13):
Okay, it's not.
Speaker 2 (25:16):
We have a massive affordability crisis that I've been talking
about that's gone parabolic. I've been talking about it for
decades now, and it's gone parabolic. Walter Isaacson one of
my favorite biographer. He's got a new book that that's
coming out, and I think it's called the greatest greatest
sentence ever written, and he talks about the declaration we
hold these truths to be self evident, and he breaks
(25:39):
down how different aspects and people that got involved in
that sentence. It wasn't just Jefferson, it was Adams as
well that that got involved in it, and like the
give and take, Franklin got involved with it as well,
and it's it's kind of you think about it. You
think about that sentence. He says, so wow, wow, Wait,
(26:01):
we've been here for two hundred and fifty years. There's
people that were the wealthiest members of society here in
the colonies and they said, no, we're going to do
something bigger and better than that.
Speaker 3 (26:14):
And how we've.
Speaker 2 (26:15):
Built this country over two hundred and fifty years with
all of our faults and all of our warts almos.
Speaker 3 (26:19):
And we've moved on for it.
Speaker 2 (26:20):
But if we got to get we have to as
a country, I get to a point in time again
where people can see that light at the end of
the tunnel. It's not band aid fixes, it's fundamental shifts
away from the away from the way we have been
doing things. And that's our fault as well, poor choices
(26:43):
that we have made relying on Washington, DC rather than
our local communities. I want to talk a little bit
more about this when we get back. I'm to take
a quick break. Watchdog on Wallstreet dot com. Watchdog on
Wall Street dot com is our site again. Become a
part of the Watchdog on Wall Street family, our personal
CFO program, podcast, newsletter, all sorts of great stuff, Watchdog
(27:07):
on Wallstreet dot Com or give us a call. Hey,
one hundred four to seven to one fifty nine eighty four.
Speaker 3 (27:12):
Here's a temple. All the fetlers tut to do what
those ladies tem.
Speaker 1 (27:26):
You should believe in math, not magic. You're listening to
The Watchdog on Wall Street with Chris Markowski.
Speaker 3 (27:35):
Yeah, we're completely different. Yeah.
Speaker 2 (27:39):
People hear this for the first time. It's kind of
like a he's in that line Jack Nicholson's joker waiting.
Speaker 3 (27:45):
They get a load of me.
Speaker 2 (27:47):
Uh yeah, We've been on air for for twenty five
years now, been doing this for some time, and then
you know, get the questions sometimes, you know, got our
success and God willing it can continues. Well, you know, people,
you know this. I'm not Jim Kramer. I'm not those
trading shows on CNBC or Charles Pain and all the
(28:11):
nonsense and they put on it. Do you understand that
we break down, We get to the crux and the
root of problems or successes, things that are happening within society.
And this again, this basically points us in the direction
of ways that we position our clients' assets and money.
(28:32):
This is what's made us successful. I don't need magical trading, software, algorithms,
fundamentalness and oh fifty day movie. No, I don't do
any of that. We talk about issues within society here
on the poem. We also take talk about the solutions
(28:53):
to them. We don't complain. Okay, big difference between this
program and everybody else. You're gonna have programs out there
talking about all the problems of the world. We lay
out solutions to the problems. And that's that's key, because again,
I have to be as cynical as I can be.
Sometimes I may sound here on the program. I have
(29:14):
no choice but to be optimistic. I've got three kids.
Many of you have kids, many of you have grandkids,
and it should be it is our duty. It is
our job to leave our kids, our grandkids with a
better world.
Speaker 3 (29:33):
So when you see me Rant and Raven.
Speaker 2 (29:35):
Here on the program about various different things, I take
that that is a big responsibility. Okay, that is a
that is a big response ability, and I think everybody
needs to take it on. So we know where're at now.
You can see the forest for the trees, you can
see what's going on in Washington, d C. Don't cop out.
(30:00):
That's one of the things people, Cobb, I go to
vote once, Yea, I voted. You don't even pay attention
to what's going on. You need to be paying attention
to your local communities. We need to bring power back
to the people. How do you bring power back to
the people again, you take the power away from Washington, DC.
You take a look at certain states here in this
country that have been getting it right. Hey again, I'm
(30:22):
biased to some degree, but I'm not. Okay, Bill Parcells,
you are what your record says you are. Take take
a bloody look at the state of Florida and what
Ron DeSantis has done here.
Speaker 3 (30:38):
I mean, he for a life of me.
Speaker 2 (30:41):
I again, I wanted him to be president. Okay, well,
I wanted him to be president. I just wanted him
to finish his term here as Florida governor because he's
gonna get termed out. I mean, if you could put
Shohei Otani on your baseball team and Aaron Judge, would
you do it? Why not look to people that have
(31:02):
been doing it, that have been successful on a local.
Speaker 3 (31:07):
Level and lift them up.
Speaker 2 (31:10):
Not someone because they're a big personality or they look
good on Fox News or MSNBC.
Speaker 3 (31:18):
We need to choose wisely right.
Speaker 2 (31:22):
Remember the night said that in uh the Indiana Jones movie.
There from the Last Crusade anyway, got to take another break.
Watchdog on Wallstreet dot com, Watchdog on Wallstreet dot Com,
don't go anywhere.
Speaker 3 (31:33):
We'll be back.
Speaker 2 (31:38):
And there a new again who carried a mirror in
his pocket.
Speaker 1 (31:42):
Chris Morkowski is the Watchdog of Wall Streets bringing America
(32:02):
financial freedom. One listener at a time. You're listening to
the Watchdog on Wall Street with Chris Markowski.
Speaker 2 (32:16):
Quarterback, listen. Okay, you came to the wrong place. You're
listening to this program, and you expect me to start
rattling off various different recommendations and what I think about
this sector and what I think about that sector and
all this nonsense. You got another thing coming.
Speaker 3 (32:37):
Okay.
Speaker 2 (32:40):
We have thousands and thousands of clients all over the world.
No two portfolios look alike. Everyone's situation is unique and different.
I can't you know, what do you understand? And how
(33:00):
irresponsible that is when you programs out there and people
are giving recommendations and they're just throwing it out there.
That recommendation may apply to that individual, but it may
not apply to his nextdoor neighbor or his mother or
his cousin or whatever it may be. I have never
done that in all of my ears. So if you
(33:21):
come to the you know, listen to this program. You
think I'm going to start giving you some sort of
hot stock tip, You're crazy because there isn't any Do
you understand. We build wealth, we build portfolios. It's called
financial preparation. You either do it or not. You're looking
for some sort of quick fix. You're looking for magic
(33:43):
trading software. Not here, not here, not anywhere, because it
doesn't exist anyway. Let's let's talk about what we need
ken Well, the world needs now a little Burt backrack, Yeah,
any way, what the world needs now? What our country
(34:03):
needs now? Less government less, not more. We don't need
more public private partnerships. We don't need the government taking
stakes in the private sector.
Speaker 3 (34:17):
Okay.
Speaker 2 (34:18):
We need lower taxes, we need lighter regulations. And when
I mean lower taxes, uh, tariffs are taxes and they're
hitting small businesses. Okay, I my data is better than
the FEDS data. Okay, you want to know why, because
I've got small business clients all over the country. For
(34:40):
crime out loud, I know what they're dealing with. We
need lower taxes, mean lower tariffs, lower regulations. Regulations are
a killer to Trump's helping with that, but he could
be doing much much more. We talk about them now.
But I mentioned the high cost of food here in
this country. You want to know why it's because again,
it's the corporatism that has infected everything.
Speaker 3 (35:03):
We just benefit big food, that's all.
Speaker 2 (35:08):
You know.
Speaker 3 (35:08):
The way that the way we.
Speaker 2 (35:10):
Handle beef with again, I'll get into that a little
bit later on in the program. Here in this country,
and the meat packers that we have and the fact that,
oh my god, we're gonna we're gonna make it difficult
for them to sell their meat as expensive as possible.
Speaker 3 (35:23):
So what do they do?
Speaker 2 (35:24):
They throw their hands up in there and say, this
business is not affordable anymore.
Speaker 3 (35:27):
Now we're we're gonna sell all of our ranch land,
you know, to.
Speaker 2 (35:30):
Some developer that's gonna put up put up ugly looking
apartment buildings that look like they were designed by the
Soviet Union.
Speaker 3 (35:37):
Is that we want a country to be?
Speaker 2 (35:38):
You want to you wanna plow under all the rants,
then you want to plow under all the farmland.
Speaker 3 (35:44):
I don't. I don't want to go all.
Speaker 2 (35:46):
John Dutton Yellowstone on this, but this is something that
I happen to believe in. These are things that we
need to fix. You know how difficult it is to
be a farmer here and bring things to market with
the FDA. How dumb their rules and regulation? Why is
our food so much more expensive than any place I
(36:06):
go around the globe? How can that be?
Speaker 3 (36:11):
Regulations? Again?
Speaker 2 (36:14):
Also, get rid of regulations because you want to unleash
animal spirits, the energy, the energy of the American people.
I've described this for small business owners as a minefield.
Speaker 3 (36:28):
Again.
Speaker 2 (36:29):
This is going back to Obama. I was this is
what I remember this show. I did it here on
the program. You're a small business owner. You're a small
business owner, and you know you've only got a certain
amount of capital. You're taking a great risk. Again, it's
one of the this is why America is so great.
It's okay to fail. People go out there building and
creating and starting businesses. But when you have a minefield
(36:51):
with just regulations and rules, and you look at your window,
all I know, the minds are okay. I can't step
over there. I step on that mind booth up. My
business is gone. But what if every single day you
wake up and the minds move, they're moved around because
government regulators changed the rules.
Speaker 3 (37:09):
It's uncertainty every single day.
Speaker 2 (37:10):
And you do that as a business owner, you pause,
you say this a well, hold on a second, I
don't know. Maybe I'm not going to invest, maybe I'm
not going to do this, and the animal spirits go away.
Speaker 3 (37:23):
This is what we have to get back to. Listen.
Speaker 2 (37:26):
Trump has done a lot that I've given him credit for. Okay,
done a lot, trying to get rid of regulations. Needs
to do more.
Speaker 3 (37:33):
Okay.
Speaker 2 (37:34):
His intervention in the economy with tariffs, I'm telling you
right now, been a disaster.
Speaker 3 (37:38):
Okay, He's already had to roll back.
Speaker 2 (37:40):
We talked about this, how to roll back to tariffs
because they haven't worked. They haven't worked, and prices have
gone up again. Universal tariffs just don't make any sense.
Targeted tariffs. I didn't have any problem with that, because
that's what he talked about on the campaign trail. You
want to target you want to deal with China on
a one on one basis, Yes, you don't go to
the entire world. Hey, we're just whacking everybody upside the head.
(38:02):
So now that I'm not kidding you, I'm not gonna
be able to get my Italian pasta that I like
because they're gonna terrify and I'm not gonna be able
to get it.
Speaker 3 (38:10):
Dumb, No, it makes no sense.
Speaker 2 (38:13):
Okay, get back, Get back to the.
Speaker 3 (38:19):
Old school, old.
Speaker 2 (38:22):
School free market approach where the government is not involved
in the economy. The government is the referee, is the umpire.
The government's there to create the conditions the environment so
you and I can go out in better lives for
(38:42):
our families, for our workers, for our clients, whatever it
may be. Balance the bloody budget. Let's get ourselves a
sound currency.
Speaker 3 (38:57):
Let's have a rule of law that applies to everybody.
Is this is this too much to ask?
Speaker 2 (39:05):
You want to get the country, you want to make
America great again or America for whatever taglines they're.
Speaker 3 (39:10):
Using right now. It's a simple, simple formula.
Speaker 2 (39:16):
Watchdog on Wallstreet dot com, Watchdog on Wallstreet dot com,
personal CFO program, podcast, newsletter, all sorts of great stuff.
Speaker 3 (39:25):
Watchdog on Wallstreet dot com. We'll be back.
Speaker 1 (39:30):
You're listening to the Watchdog on Wall Street
Popular Podcasts
Las Culturistas with Matt Rogers and Bowen Yang
Ding dong! Join your culture consultants, Matt Rogers and Bowen Yang, on an unforgettable journey into the beating heart of CULTURE. Alongside sizzling special guests, they GET INTO the hottest pop-culture moments of the day and the formative cultural experiences that turned them into Culturistas. Produced by the Big Money Players Network and iHeartRadio.
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.