Episode Transcript
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Speaker 1 (00:01):
Investor's Edge with Gary Cultbomb, straight talk about you and
your money now from the Biz Talk Studios. Here is
Gary Cultbomb.
Speaker 2 (00:13):
And walk once again to Investor's Edge. I'm Gary Kolbam,
your host day. Thanks for being with us today. Glad
you here, ladies and gentlemen, Happy that you are listening.
It is Wednesday, September seventeenth, twenty twenty five. I hope
you're having a good day. Thanks for joining us. In
case you don't know, this is serious talk on everything
that affects you, and I mean everything that affects you.
(00:35):
Will do the markets, the economy, your job, your industry, taxes, tariffs, corruption, scams, shams,
your credit cards. We'll do that every now and then.
And whatever matters, whatever counts, especially the interlopers. And we'll
get into some interlopers today. And if you do not
get this radio show in your city, listen carefully. I
(00:56):
will post it at garyka dot com. Can get it
right there. I'll also post it on our X feed
and you should follow us on X just put my
name in. It'll also be on biz TV YouTube channel.
Check that out. So as you know, radio stations move, stop,
(01:20):
change you name it. It's been going on forever. We're
in recognition of that. We have dealt with it forever.
So again, Garyka dot com And if you'd like to
email me, all you gotta do is be nice. All
you gotta do is be nice. And yesterday I asked
to help me out about if you're looking at a
(01:42):
house and all of a sudden you walk in and
the air freshener is all over the place and it
reeks of air freshener. Do you think that's a red flag?
Every person that emailed me said it's not the greatest thing,
and some people with definitive on red flags. And I
can our the point, especially when I said to the realtor,
(02:02):
don't you smell that? I don't smell anything anyway, ladies
and gentlemen, today was FED Day. Do you know what
FED day is? That's the Central Bank Movement Day? And
I must tell you I hate even talking about it.
But what do we say about this show? Everything that
affects you, and unfortunately these morlocks affect you. And by
(02:27):
the way, if you don't know what a morlock is,
go look it up. I just like using the term. J.
Powell lowered interest rates today he lowered the Fed Funds rate.
And let me read what he said. We don't cut
(02:51):
mortgage rates, but our policies tend to affect mortgage rates.
Lower borrowing rates will raise demand. J Powell lowered rates
today on the short end, so your money markt's going
to pay you less. They lower the Fed Funds rate.
(03:13):
Go look it up. What it means. It just you know,
they give you the definition. It's what banks charge each
other and all that crap. And yeah, it does move
some rates every now and then. But listen to me carefully.
Listen to me carefully. Listen to me carefully, because you
will definitively not get the straight. Tonight we're going to
(03:36):
give you the straight. Ladies and gentlemen. J. Powell lowered
rates today. Your mortgage rates went up today. Interest rates
(04:00):
went up today as J. Powell lowered rates today. We
did a tutorial for you yesterday on interest rates. We
will not do that again today. But what happened today
is J. Powell lowered the Fed Funds rate, the Fed
(04:21):
Funds rate from four and a quarter down to four,
but the ten year yield went from four point two
six to four point oh seven six. Huh, how does
that happen. Well, we warned you, We said to you
(04:42):
for weeks. There is a chance, maybe even a good chance,
if J. Powell lowers rates, interest rates are going to
go higher. Huh, it's simple. Unfortunately J. Powell, who I
(05:08):
would not let run a lemonade stand And by the way,
nothing personal, this is purely business. He should not be
in his position if it is deemed that J. Powell
is no longer doing what they're supposed to do. And
(05:31):
guess what they are supposed to do first and foremost,
and that is make sure inflation is in check, because
inflation is the worst kind of tax on you, the consumer.
If the markets believe J. Powell is no longer addressing it,
(05:57):
bondholders will sell, which will have interest rates go higher
to accommodate for the fact that the man who was
supposed to be on the lookout at all times is
no longer looking out. And in case you don't know,
(06:20):
and again we say this with no joy. He does
not know what he's doing. He has no clue what's
in front of him. Every answer throughout the years was
printing more money, which caused all the distortions. By the way,
it started with Ben Bernanke and eight. Now, the little
(06:41):
interest rate move up today is not a biggie, but
if it continues to move up, potentially could be a biggie.
The markets were all over the freaking map today. Before
the Fed, I think was up three hundred, then was
up four eighty, was only up twenty We're talking the
(07:01):
Dow then was back up three point fifty, and then
with like one second to go, the Dow was up
two ten with one second to go and closed up
two sixty. Somehow got a fifty point bump at the close.
It was up to sixty strength today in the Dow
American Express Caterpillar, with their twenty one percent drop in
(07:25):
earnings Between the two, it'd say it's about one hundred
and twenty some odd Dow points. I will tell you
this much. I will describe it for you. Both American
Express and Caterpillar broke out to yearly highs today. Very
nice looking breakouts today on those two Dow stocks a
big help today. They're interesting enough with the Dow up
(07:48):
two sixty. And by the way, I want to repeat
again how crazy it is because he he makes the move,
he says things, and then he does a presser and
markets were moving all over the app all over the map.
And I can tell you this at two fifty five today,
(08:10):
At two fifty five today, the Dow hit forty five
six' eight seven AM i? Right, yeah three twenty, three three.
Forty it was actually down eighty. Points after early in
the day The dow was up five ten and then
(08:33):
we rallied back up and then did what we. Did
but THE s AND p was down six and The
nasdaq down seventy two in The nasdaq one, hundred down.
Fifty you know. What another wild swing was The russell two,
thousand which benefits from lower, rates and initially jammed to
the upside The russell two thousand and then sold. Off
(08:54):
why because higher rates hurts them small. Caps and guess
what happened the higher rates at the end of the.
Day that's the. Story the ten year yield reversed and
reversed pretty damn. Strong and that's the. Story so interest
(09:15):
rates went up as The fed lowered their. Rates we
warned you about, that BUT i just want to make
sure you know it's as of this, second it's no,
biggie but it is something to. Watch and here's. Why
if the market believes The fed is lost. Control it's
(09:39):
going to. SWOON J powell caused massive inflation with the
money printing in zero percent. Rates he created massive distortions
in housing with three percent. Mortgages and just so you,
know those three percent mortgage were because he took out
to nine trillion bucks and brought up the bottom, market
(10:00):
lowering those mortgage, rates rigging the whole freakin' bond, market
and then lost control because inflation got out of. Control
and that's when all hell was breaking. Loose only when
he stopped printing and then played catch up did things
get a little bit. Better so my message to all
(10:22):
those that say d pell concluding The president THAT. J
powell has to lower, rates be careful what you wish
for up next much. More this is the one Only Investor's. Edge,
(11:02):
Hi I'm Gary kolbaum hosted a nationally syndicated radio, Show Investor's.
Edge we're not just handsome radio. People we manage investors'
money for a, living specializing in fee based discretionary money.
Management no big, commissions just a fee on the assets that's.
Managed we also provide a full range of personalized, services
including retirement, planning fixed, income and educational needs all to
(11:25):
assist you in achieving your financial. Goals understanding not all
individuals have the same, needs will carefully evaluate your personal
goals to determine a proper investment. Strategy if your current
approach to investing is not getting you to where you
would like to, be call us to make an appointment
for a complementary portfolio. Review the number to call is
eight eight eight four two two five five five. Nine
(11:48):
that's eight eight eight four two two five to five five.
Nine that's eight eight eight four two two five to,
five five to. Nine investment Advisory services offer Through Call Capital.
Management it's time to switch on the integrator units and
(12:08):
to get the brain cells where you're listening.
Speaker 3 (12:10):
To, okay it could be. Fun Investors, edge the last
bastion of quality programming With gary Called. Bomb it doesn't
get better than.
Speaker 2 (12:20):
THIS i am very jealous Of President trump right now
he is at a state dinner At Windsor castle in
(12:41):
The United. Kingdom and in case you do not, KNOW
i Love. ENGLAND i love the Whole United. KINGDOM i Love,
ENGLAND i love The british, PEOPLE i Love. LONDON i
love the golf courses all ACROSS i. PLAYED i played
(13:04):
let's See Royal, Liverpool Royal, Lithum Royal Saint. George, man
what are the other ONES i? Played, SUNNINGDALE i played
all of them AND i just have a. Blast AND
i can get up early in the morning In england
and just walk for twelve straight hours and that's WHAT i.
(13:27):
DO i can spend a couple of hours And harold's
in the food emporium and in the chocolate they have
this chocolate room by the way At. Harrod's it's just.
Amazing it's just. Amazing trying to think the other golf
COURSES i played at In, England Royal Saint, George i'll
(13:51):
figure it, Out Royal, birkdale there you. Go, Anyway i'm
jealous of The president because he's at this big state
dinner At Windsor castle And Royal. Lithm, Yeah Royal lithm
(14:15):
was another. One trying to think what? Else, yeah that's.
It those are the ONES i. PLAYED i know there's one.
More Think i'll have to think about. It. Anyway so
The president is in THE uk, today second state dinner
For President. Trump good on. Him hope he does great things,
(14:36):
there get good. Deals, anyway how to bring that up
back on. Point pay no attention to what anybody says right,
Now just watch, yields watch the ten, year five, year thirty.
(15:01):
Year if they now go higher as THE fed is going,
lower it may be indicative of something not so. Great
(15:21):
we are not predicting. Anything we're just letting you. Know
we've been wondering why is gold doing what it's doing
an inflation, marker AND i don't know if that should be.
Ignored and the good news, is, yes inflation is definitively.
(15:42):
Down but if inflation is still out there could be of.
Note SO i, repeat watch yields very closely. Here if
they sit, hang maybe go up a, little maybe go. Down,
(16:04):
fine if they go, up we got something to. Watch
strong day for the banks and other, financials a weekday
for a lot of other. AREAS i got to tell
you transports were down pretty damn. BIG i will tell
(16:24):
you that the housing stocks were up strong upon THE
fed lowering, rates and then interest rates went higher and
housing stocks. Reversed not. Great china very strong between Bay
(16:45):
do And Ali baba both announced THIS ai something or
other and went from comatose and just have gone, vertical
have gone. Vertical and WHEN i mean vertical draw a vertical. Line,
Kids that's what's going on. There anything else stick out
(17:09):
today THAT i wrote? Down, well you remember WHEN i
was telling you that little bit worried about the travel. Stocks,
Well mariott And hilton broke down a little bit more.
Today just let you. Know that's of. Note cruise lines
are okay, today the airlines are. Okay but just let you.
(17:30):
Know saw some economically sensitive stocks get. Squashed why would
did that happen if The fed is lowering? Rates because
rates went up today the real, Rates remember THE fed
funds rates is one man's opinion with eleven other adults
that sit at a table or how many voting are
(17:53):
there at THE. FED i don't know if it's eight or,
twelve but they're all, adults and, again nothing, personal but
none of them know it's the hell they're. Doing you
know HOW i know That i've watched. Them none of
them know what the hell they're. Doing and AGAIN i
take no. Joy what else happened? Today? Uber anybody know about? This,
(18:15):
weimo BECAUSE i really, don't BUT i Guess waimo announced
something that hurts. Uber So uber broke out yesterday and
tucked its head in like a frightened turtle today and
you know what broke out today, Lift SO i got
to look that up. Tonight WHY weimo is for lyft
and not uber. Weimo i'm never getting in. One i'm.
(18:37):
Sorry i'm. SORRY i can't do. It there is no
Way i'm getting a Self i'm just not getting in
a self driving. Car and by the, WAY i know
that they're pretty darn. GOOD i know they're pretty darn.
GOOD i can't argue the. Point it's just. ME i
(18:58):
have a few THINGS i will never. DO i will
never jump out of an airplane with a. Parachute i'll
never do. THAT i don't know how anybody can do. That, no,
Really i'm never gonna do. That why Because i'll have
to wonder at all times whether it was one of
my ex girlfriends from high school that put the parachute,
(19:19):
together or somebody owed money in. College ACTUALLY i paid everybody.
Back So i'm never doing. THAT i just don't have
it in. Me AND i KNOW i say. That When
George bush when he was eighty five years, old when
(19:39):
in jumped from an, Airplane god bless. THEM i don't
have the grapefruits. Anyway but good day for The dow
broad market not as great and just. WICKED i have
no clue about tomorrow except to, say watch. Yields if
(20:04):
yields go, UP i think we get a little, pressure
especially with the markets had a good move, already But
i'm still seeing some pretty darn good. Charts that Recent
tesla big, breakout, man that's strong as. All. HECK Jp
morgan hit another new high, today so Did Goldman. Sachs
and you know what we tell you about the, Financials
all hell is not breaking. Loose if the financials are
(20:25):
in good. Shape how do we know? This we've studied
every bull and bear. Market, hey up, next, this that
and the other. Thing, oh the history OF. J. Powell
this is the one only investor's edge you're listening.
Speaker 3 (21:11):
To america is talking falling investors. Edge he's gotta Be
the crowd is just on his. Feet, here said a
boy With gary Called. Bob he'm highly. Recommended you're gonna
feel better if you talk to.
Speaker 2 (21:26):
Him so let me finish up why we loathe the central.
(21:50):
Bank so it is not the central bank that took
us the thirty seven trillion of. Debt and by the,
way we're now on a fare track with our. Debt
just so you, know no longer are we going to
go up a trillion a. YEAR i think we're gonna
go up two to three trillion a. Year BUT i
(22:10):
blame them for their lack of oversight and. Verbiage lack
Of you would think the head of The Central bank
at any point in, time arguably the most important financial
man on, earth would get up in front of The
(22:30):
house and, say what the hell you all you doing over?
Here you're running up. Deficits you're screwing the. Taxpayer and
by the, way by the, way it Was Milton friedman
that says a dollar of government spending is a. Tax
(22:51):
so not one central banker went up there and, profusely
profusely took our government to task on The debton. Deficits
not only that they enabled The debton deficits with easy.
Money you, See President trump wants easy money because he's
(23:16):
running two trillion dollar. Deficits he did not tell the
truth to, you the. Taxpayer he said he was going
to lower. Deficits, again he did not tell the. Truth
he Said doge was going to do. This he did
not tell the. Truth and they're going to be running
Two AND i have news for. You if the economy really,
slows we may run. Three that's number. One number Two Ben,
(23:41):
bernanke who was very much a cause of the eight
disaster that almost brought the house. Down why would he
be a cause because he was too easy? Money number.
One number two for a whole year he was saying
housing prices don't go down when not worried another. Adult
(24:03):
and number, three one of the jobs of The Central
bank is to oversee the financial companies and make sure
they're doing the right. Thing and if we find out
that these mortgage these banking companies were doing mortgage backed
securities with massive, leverage it was a guarantee to go.
(24:25):
Bust it was a guarantee matter of. Time and of
course he was also part of getting eight hundred billion
of our tax dollars to save the asses of these
crooks that were running these. Places that nobody got, indicted
nobody went to. Jail in, fact they've all made billions.
(24:47):
Sins that's The Central. Bank and then he started printing.
Money and you can go look at his quote, about,
oh but it's not going to be a, lot and
it'll be very short. Term and of course nine trillion
dollars later of conjured up money out of thin.
Speaker 3 (25:05):
Air he, Lied.
Speaker 2 (25:10):
And of course our next central banker Would Janet. Yellen
not only WOULD i not let her run a lemonade,
STAND i wouldn't let her turn on a. FAUCET i
can't believe some of the crap that's come out of her.
Mouth and she was running The Central, bank and she
was A treasury. Secretary she told us inflation was, transitory
(25:35):
and she also called for global, taxes Another, marxist but
she sure was taken quarter million dollars for each speech
to talk To, Goldman sachs or somebody. Else so they
lied about printing of. Money and of, course fast forward
(26:01):
to the, inflation and fast forward we're thirty seven trillion
to debt and one point two trillion went to interest this.
Year and not a single soul IN dc gives a
frig why because they know when it all blows, up
they'll either be retired or. Dead what do they? Care
(26:24):
and then both parties just like they are doing right,
now blaming each. Other and who are the? Victims you AND?
I how's the affordability for houses right? Now do you
know why they're? UNAFFORDABLE? J? Powell what because you got
(26:50):
a housing bubble because of zero percent interest rates in
printing to nine trillion. Dollars but guess what's happening. Now
Fantasy land is going bye. Bye inventories picked. Up houses
In vegas are crumbling in, Price miami dropping like a.
(27:14):
ROCK i will tell YOU i saw a few here In.
ORLANDO i saw one that just went up for sale
six weeks ago for one point seventy. Five they dropped
at two hundred thousand. Today do you know Why? Fantasyland
you know how we got The? FANTASYLAND J? Powell how
(27:38):
bad is it gonna? GET i don't. KNOW i do
not see it Being ina type. Scenario and by the,
way we predicted that back. Then if you, do, RECALL
i don't see that. Scenario But, fantasyland AS i have
said to, YOU i see homes that are being offered
right now at three million that three years ago at point,
(28:00):
five and THEY i got news for. You some of
them have got lucky and got. It BUT i can
tell you here In Central, florida whoever bought in the
last six, Months, oh they're gonna pay the piper more than.
Likely that's all FROM. J. Powell SO i always, ask
(28:26):
what the hell do we need these people For what
have they done to benefit? Us what are they doing
for the? Country how is it helping? You AND i
can't come up with a single solitary answer to that.
Question i'm waiting for somebody to give me an. Answer fire,
(28:46):
them get rid of, them shut them, down and just
let the free markets. Work you know what happened, Today
the free, market at least today gave J powell the middle.
Finger oh you lowering? Rates, well rates are going. UP
(29:13):
i am rooting for rates to go. Down i'm not
rooting against. THEM i just loathe. Them they'reabout as overrated
as The New York giants. Football, well he's not even.
Overrated he's that. BAD i can't believe they kept The
(29:33):
New York giants coach for this, year THOUGH i really
appreciate the game they just played Against, dallas though they.
Lost and that's a little bit of a history of
The Central bank going to two thousand and. EIGHT i
never Thought i'd, say, BOY i, WISH i, WISH i
(29:59):
wish For Alan. Greenspan by the, Way Cracker barrel missed
numbers and is down ten percent in the f the
market actually more than ten. Percent, ooh they miss numbers pretty.
GOOD i may get a hold of THE. Ceo they
(30:24):
have so many good things they can use as far as,
marketing and they just don't you know what they were gonna,
do and you know they backed. Off BUT i don't
see any of the good. Marketing they got this front
of the restaurant with rocking. Chairs, wow family Surrounding, grandma.
(30:44):
Grandpa that'd be. Great they got these great stores with
old candy that we used to love and great, smells
and you got this down home comfort food that they.
SERVE i see no marketing of. That do you Maybe
i'm missing? SOMETHING i see no. MARKETING i don't know
(31:10):
what they're thinking over there. Anyway the stock closed at
forty nine. Sixty, ooh it's forty four to seventy seven
in the f the. Market that ain't no hill for a.
Climber downside guidance also, ooh guides TO fy twenty six
comparable store traffic decline of seven. Percent ew hey up?
(31:34):
Next WHATEVER i can think? Of? Whatever this is the
one only investor's edge.
Speaker 3 (32:14):
You're listening. To what are you waiting? For one to ready?
Gout we can't Recalled, bob.
Speaker 2 (32:56):
And we once again to investor's. Edge HAVEN'T i made
you feel better about the powerful people in this? COUNTRY
i say it all the. TIME i take no joy
AND i take no joy on hitting this president on
what he's been doing with the debt and. Deficits just
(33:19):
another person that don't, care does not. Care screw. It
i'm gone in three. Years screw. It i'm gonna spend like.
Crazy let the rest worry about. It bitcoin remains range.
Bound we continue to tell you to be careful of
(33:43):
this micro. Strategy we get asked about it all the.
Time what's? Wrong why isn't keeping? Up my answer IS
i don't, know But i'm not gonna say the, word
But i'm gonna quote. Others there are many out there
that say this micro strategy is just a, scheme a
scheme where they're growing to just keep buying more and more,
(34:06):
bitcoin and now it's underperforming the price of. Bitcoin we'll.
See ALL i can tell you it's in a bearish.
Phase what you do with. It don't know what to
tell you. Next getting a lot of emails on, Alcohol,
no not about drinking of, alcohol but what's going on
(34:30):
with alcohol and alcohol? Stocks, well ALL i can tell
you again is THAT i don't know whether it's the,
culture the, kids, whatever just less and less alcohol is being.
Consumed and some of the worst stocks in the market
are the alcohol. Stocks and it's very much imperative that
(34:54):
you recognize this and understand it Because i'm getting asked, about,
oh do you think they're a? Value AND i can
tell you flat out in the, markets it all a
lot of things depend on of the trend of how it's.
Going and just so you, Know i've walked into some
(35:14):
liquor stores And i've asked them and just about everyone
telling me sales are, down AND i ask them what
is down the, most and you know what they're all telling,
me hard. Liquor that's What i'm. Getting beer still, okay nothing,
(35:35):
bad weak but, okay wine, weaker but, okay hard, liquor,
eh not doing very. Well so just letting you, know
just like you know, What i'm constantly asking about the
(35:57):
sports drenths and some of these that came out you
hear of this. PRIME i believe the Logan, paul who's
now professional, wrestler selling very. Well by the, way it
tastes pretty good. Too i'm always on the lookout because
you know what the strongest stock of the last fifteen
(36:19):
twenty years Is Monster, no not. Kidding do you know
That Monster? Beverage you ready for? This do? Do? Do
(36:41):
it's it's sixty six dollars and fifty two cents right.
NOW i gathered did a bunch of. Splits. Uh it
traded between a penny and five cents between ninety eight
and two thousand and. Three the sixty six. Bucks by the,
way with all the splits and stuff from oh, three
it went from six cents to four dollars and twenty
(37:06):
one cents to oh, Six, boy that would have been.
Nice So i'm constantly asking on that because of What
Monster beverage. Did AND i must tell YOU i Think
i've only owned the stock maybe, once SO i want
(37:27):
to make sure going forward that doesn't happen, again because
who knows what's going to go public, next AND i
want to be on. It so just so you, know
try to do LIKE i. DO i still remember when
(37:51):
my son's but telling me About pokemon AND i ignored
were kids entertainment skyrocketed, Skyrocketed So i'm definitively doing things
(38:15):
quite differently than in the. Past mouie. Importante you can see,
things you can feel. Things they're right in front of.
You and WHEN i give you The kmart member in real,
(38:37):
time we were giving you the downfall Of. Kmart we
were giving you the downfall Of kmart in real, time
telling you what our experiences, were And kmart turned to.
Dust we're doing the same thing With, ronts looking for
(39:03):
the next big. Thing Remember, Kava BUT i came on
the show and, said you, KNOW i went to. It
it was pretty, good but it feels like Just chipotle
with different type of, food AND i don't know if
it's going to Go mainstreamkava stock has been destroyed by the.
Way the food's very, GOOD i must. Say so these
(39:30):
are the things that you can do and stay on top.
Of sometimes it's the touchy feely that can work out very.
WELL i still again That Four Kids. ENTERTAINMENT i was,
LIKE i am buying This pokemon. Crap it's just a.
(39:50):
Fad well it. WAS i think that went up tenfold
before it. Topped oh, well all, right that all, said
what's Tomorrow. Thursday i'm traveling tomorrow back up north tomorrow,
night But i'll be. Here you'll have a great. Evening
drive carefully and when you get, home do like we
do quite. Simple make sure you hug your. Family make
(40:11):
sure you hug your. Children they will feel. Better you
will feel. BETTER i promise they will be. Well really
appreciate you. Listening don't forget garyka dot. Com good night
all bye.
Speaker 1 (40:21):
Bye this has Been Investor's edge With garycultbomb On Biz.
Talk to listen to past episodes or to get in
contact With, gary go to garyka dot. Com that's garyka dot.
Com
Investor's Edge with Gary Cultbomb, straight talk about you and
your money now from the Biz Talk Studios. Here is
Gary Cultbomb.
Speaker 2 (00:13):
And walk once again to Investor's Edge. I'm Gary Kolbam,
your host day. Thanks for being with us today. Glad
you here, ladies and gentlemen, Happy that you are listening.
It is Wednesday, September seventeenth, twenty twenty five. I hope
you're having a good day. Thanks for joining us. In
case you don't know, this is serious talk on everything
that affects you, and I mean everything that affects you.
(00:35):
Will do the markets, the economy, your job, your industry, taxes, tariffs, corruption, scams, shams,
your credit cards. We'll do that every now and then.
And whatever matters, whatever counts, especially the interlopers. And we'll
get into some interlopers today. And if you do not
get this radio show in your city, listen carefully. I
(00:56):
will post it at garyka dot com. Can get it
right there. I'll also post it on our X feed
and you should follow us on X just put my
name in. It'll also be on biz TV YouTube channel.
Check that out. So as you know, radio stations move, stop,
(01:20):
change you name it. It's been going on forever. We're
in recognition of that. We have dealt with it forever.
So again, Garyka dot com And if you'd like to
email me, all you gotta do is be nice. All
you gotta do is be nice. And yesterday I asked
to help me out about if you're looking at a
(01:42):
house and all of a sudden you walk in and
the air freshener is all over the place and it
reeks of air freshener. Do you think that's a red flag?
Every person that emailed me said it's not the greatest thing,
and some people with definitive on red flags. And I
can our the point, especially when I said to the realtor,
(02:02):
don't you smell that? I don't smell anything anyway, ladies
and gentlemen, today was FED Day. Do you know what
FED day is? That's the Central Bank Movement Day? And
I must tell you I hate even talking about it.
But what do we say about this show? Everything that
affects you, and unfortunately these morlocks affect you. And by
(02:27):
the way, if you don't know what a morlock is,
go look it up. I just like using the term. J.
Powell lowered interest rates today he lowered the Fed Funds rate.
And let me read what he said. We don't cut
(02:51):
mortgage rates, but our policies tend to affect mortgage rates.
Lower borrowing rates will raise demand. J Powell lowered rates
today on the short end, so your money markt's going
to pay you less. They lower the Fed Funds rate.
(03:13):
Go look it up. What it means. It just you know,
they give you the definition. It's what banks charge each
other and all that crap. And yeah, it does move
some rates every now and then. But listen to me carefully.
Listen to me carefully. Listen to me carefully, because you
will definitively not get the straight. Tonight we're going to
(03:36):
give you the straight. Ladies and gentlemen. J. Powell lowered
rates today. Your mortgage rates went up today. Interest rates
(04:00):
went up today as J. Powell lowered rates today. We
did a tutorial for you yesterday on interest rates. We
will not do that again today. But what happened today
is J. Powell lowered the Fed Funds rate, the Fed
(04:21):
Funds rate from four and a quarter down to four,
but the ten year yield went from four point two
six to four point oh seven six. Huh, how does
that happen. Well, we warned you, We said to you
(04:42):
for weeks. There is a chance, maybe even a good chance,
if J. Powell lowers rates, interest rates are going to
go higher. Huh, it's simple. Unfortunately J. Powell, who I
(05:08):
would not let run a lemonade stand And by the way,
nothing personal, this is purely business. He should not be
in his position if it is deemed that J. Powell
is no longer doing what they're supposed to do. And
(05:31):
guess what they are supposed to do first and foremost,
and that is make sure inflation is in check, because
inflation is the worst kind of tax on you, the consumer.
If the markets believe J. Powell is no longer addressing it,
(05:57):
bondholders will sell, which will have interest rates go higher
to accommodate for the fact that the man who was
supposed to be on the lookout at all times is
no longer looking out. And in case you don't know,
(06:20):
and again we say this with no joy. He does
not know what he's doing. He has no clue what's
in front of him. Every answer throughout the years was
printing more money, which caused all the distortions. By the way,
it started with Ben Bernanke and eight. Now, the little
(06:41):
interest rate move up today is not a biggie, but
if it continues to move up, potentially could be a biggie.
The markets were all over the freaking map today. Before
the Fed, I think was up three hundred, then was
up four eighty, was only up twenty We're talking the
(07:01):
Dow then was back up three point fifty, and then
with like one second to go, the Dow was up
two ten with one second to go and closed up
two sixty. Somehow got a fifty point bump at the close.
It was up to sixty strength today in the Dow
American Express Caterpillar, with their twenty one percent drop in
(07:25):
earnings Between the two, it'd say it's about one hundred
and twenty some odd Dow points. I will tell you
this much. I will describe it for you. Both American
Express and Caterpillar broke out to yearly highs today. Very
nice looking breakouts today on those two Dow stocks a
big help today. They're interesting enough with the Dow up
(07:48):
two sixty. And by the way, I want to repeat
again how crazy it is because he he makes the move,
he says things, and then he does a presser and
markets were moving all over the app all over the map.
And I can tell you this at two fifty five today,
(08:10):
At two fifty five today, the Dow hit forty five
six' eight seven AM i? Right, yeah three twenty, three three.
Forty it was actually down eighty. Points after early in
the day The dow was up five ten and then
(08:33):
we rallied back up and then did what we. Did
but THE s AND p was down six and The
nasdaq down seventy two in The nasdaq one, hundred down.
Fifty you know. What another wild swing was The russell two,
thousand which benefits from lower, rates and initially jammed to
the upside The russell two thousand and then sold. Off
(08:54):
why because higher rates hurts them small. Caps and guess
what happened the higher rates at the end of the.
Day that's the. Story the ten year yield reversed and
reversed pretty damn. Strong and that's the. Story so interest
(09:15):
rates went up as The fed lowered their. Rates we
warned you about, that BUT i just want to make
sure you know it's as of this, second it's no,
biggie but it is something to. Watch and here's. Why
if the market believes The fed is lost. Control it's
(09:39):
going to. SWOON J powell caused massive inflation with the
money printing in zero percent. Rates he created massive distortions
in housing with three percent. Mortgages and just so you,
know those three percent mortgage were because he took out
to nine trillion bucks and brought up the bottom, market
(10:00):
lowering those mortgage, rates rigging the whole freakin' bond, market
and then lost control because inflation got out of. Control
and that's when all hell was breaking. Loose only when
he stopped printing and then played catch up did things
get a little bit. Better so my message to all
(10:22):
those that say d pell concluding The president THAT. J
powell has to lower, rates be careful what you wish
for up next much. More this is the one Only Investor's. Edge,
(11:02):
Hi I'm Gary kolbaum hosted a nationally syndicated radio, Show Investor's.
Edge we're not just handsome radio. People we manage investors'
money for a, living specializing in fee based discretionary money.
Management no big, commissions just a fee on the assets that's.
Managed we also provide a full range of personalized, services
including retirement, planning fixed, income and educational needs all to
(11:25):
assist you in achieving your financial. Goals understanding not all
individuals have the same, needs will carefully evaluate your personal
goals to determine a proper investment. Strategy if your current
approach to investing is not getting you to where you
would like to, be call us to make an appointment
for a complementary portfolio. Review the number to call is
eight eight eight four two two five five five. Nine
(11:48):
that's eight eight eight four two two five to five five.
Nine that's eight eight eight four two two five to,
five five to. Nine investment Advisory services offer Through Call Capital.
Management it's time to switch on the integrator units and
(12:08):
to get the brain cells where you're listening.
Speaker 3 (12:10):
To, okay it could be. Fun Investors, edge the last
bastion of quality programming With gary Called. Bomb it doesn't
get better than.
Speaker 2 (12:20):
THIS i am very jealous Of President trump right now
he is at a state dinner At Windsor castle in
(12:41):
The United. Kingdom and in case you do not, KNOW
i Love. ENGLAND i love the Whole United. KINGDOM i Love,
ENGLAND i love The british, PEOPLE i Love. LONDON i
love the golf courses all ACROSS i. PLAYED i played
(13:04):
let's See Royal, Liverpool Royal, Lithum Royal Saint. George, man
what are the other ONES i? Played, SUNNINGDALE i played
all of them AND i just have a. Blast AND
i can get up early in the morning In england
and just walk for twelve straight hours and that's WHAT i.
(13:27):
DO i can spend a couple of hours And harold's
in the food emporium and in the chocolate they have
this chocolate room by the way At. Harrod's it's just.
Amazing it's just. Amazing trying to think the other golf
COURSES i played at In, England Royal Saint, George i'll
(13:51):
figure it, Out Royal, birkdale there you. Go, Anyway i'm
jealous of The president because he's at this big state
dinner At Windsor castle And Royal. Lithm, Yeah Royal lithm
(14:15):
was another. One trying to think what? Else, yeah that's.
It those are the ONES i. PLAYED i know there's one.
More Think i'll have to think about. It. Anyway so
The president is in THE uk, today second state dinner
For President. Trump good on. Him hope he does great things,
(14:36):
there get good. Deals, anyway how to bring that up
back on. Point pay no attention to what anybody says right,
Now just watch, yields watch the ten, year five, year thirty.
(15:01):
Year if they now go higher as THE fed is going,
lower it may be indicative of something not so. Great
(15:21):
we are not predicting. Anything we're just letting you. Know
we've been wondering why is gold doing what it's doing
an inflation, marker AND i don't know if that should be.
Ignored and the good news, is, yes inflation is definitively.
(15:42):
Down but if inflation is still out there could be of.
Note SO i, repeat watch yields very closely. Here if
they sit, hang maybe go up a, little maybe go. Down,
(16:04):
fine if they go, up we got something to. Watch
strong day for the banks and other, financials a weekday
for a lot of other. AREAS i got to tell
you transports were down pretty damn. BIG i will tell
(16:24):
you that the housing stocks were up strong upon THE
fed lowering, rates and then interest rates went higher and
housing stocks. Reversed not. Great china very strong between Bay
(16:45):
do And Ali baba both announced THIS ai something or
other and went from comatose and just have gone, vertical
have gone. Vertical and WHEN i mean vertical draw a vertical. Line,
Kids that's what's going on. There anything else stick out
(17:09):
today THAT i wrote? Down, well you remember WHEN i
was telling you that little bit worried about the travel. Stocks,
Well mariott And hilton broke down a little bit more.
Today just let you. Know that's of. Note cruise lines
are okay, today the airlines are. Okay but just let you.
(17:30):
Know saw some economically sensitive stocks get. Squashed why would
did that happen if The fed is lowering? Rates because
rates went up today the real, Rates remember THE fed
funds rates is one man's opinion with eleven other adults
that sit at a table or how many voting are
(17:53):
there at THE. FED i don't know if it's eight or,
twelve but they're all, adults and, again nothing, personal but
none of them know it's the hell they're. Doing you
know HOW i know That i've watched. Them none of
them know what the hell they're. Doing and AGAIN i
take no. Joy what else happened? Today? Uber anybody know about? This,
(18:15):
weimo BECAUSE i really, don't BUT i Guess waimo announced
something that hurts. Uber So uber broke out yesterday and
tucked its head in like a frightened turtle today and
you know what broke out today, Lift SO i got
to look that up. Tonight WHY weimo is for lyft
and not uber. Weimo i'm never getting in. One i'm.
(18:37):
Sorry i'm. SORRY i can't do. It there is no
Way i'm getting a Self i'm just not getting in
a self driving. Car and by the, WAY i know
that they're pretty darn. GOOD i know they're pretty darn.
GOOD i can't argue the. Point it's just. ME i
(18:58):
have a few THINGS i will never. DO i will
never jump out of an airplane with a. Parachute i'll
never do. THAT i don't know how anybody can do. That, no,
Really i'm never gonna do. That why Because i'll have
to wonder at all times whether it was one of
my ex girlfriends from high school that put the parachute,
(19:19):
together or somebody owed money in. College ACTUALLY i paid everybody.
Back So i'm never doing. THAT i just don't have
it in. Me AND i KNOW i say. That When
George bush when he was eighty five years, old when
(19:39):
in jumped from an, Airplane god bless. THEM i don't
have the grapefruits. Anyway but good day for The dow
broad market not as great and just. WICKED i have
no clue about tomorrow except to, say watch. Yields if
(20:04):
yields go, UP i think we get a little, pressure
especially with the markets had a good move, already But
i'm still seeing some pretty darn good. Charts that Recent
tesla big, breakout, man that's strong as. All. HECK Jp
morgan hit another new high, today so Did Goldman. Sachs
and you know what we tell you about the, Financials
all hell is not breaking. Loose if the financials are
(20:25):
in good. Shape how do we know? This we've studied
every bull and bear. Market, hey up, next, this that
and the other. Thing, oh the history OF. J. Powell
this is the one only investor's edge you're listening.
Speaker 3 (21:11):
To america is talking falling investors. Edge he's gotta Be
the crowd is just on his. Feet, here said a
boy With gary Called. Bob he'm highly. Recommended you're gonna
feel better if you talk to.
Speaker 2 (21:26):
Him so let me finish up why we loathe the central.
(21:50):
Bank so it is not the central bank that took
us the thirty seven trillion of. Debt and by the,
way we're now on a fare track with our. Debt
just so you, know no longer are we going to
go up a trillion a. YEAR i think we're gonna
go up two to three trillion a. Year BUT i
(22:10):
blame them for their lack of oversight and. Verbiage lack
Of you would think the head of The Central bank
at any point in, time arguably the most important financial
man on, earth would get up in front of The
(22:30):
house and, say what the hell you all you doing over?
Here you're running up. Deficits you're screwing the. Taxpayer and
by the, way by the, way it Was Milton friedman
that says a dollar of government spending is a. Tax
(22:51):
so not one central banker went up there and, profusely
profusely took our government to task on The debton. Deficits
not only that they enabled The debton deficits with easy.
Money you, See President trump wants easy money because he's
(23:16):
running two trillion dollar. Deficits he did not tell the
truth to, you the. Taxpayer he said he was going
to lower. Deficits, again he did not tell the. Truth
he Said doge was going to do. This he did
not tell the. Truth and they're going to be running
Two AND i have news for. You if the economy really,
slows we may run. Three that's number. One number Two Ben,
(23:41):
bernanke who was very much a cause of the eight
disaster that almost brought the house. Down why would he
be a cause because he was too easy? Money number.
One number two for a whole year he was saying
housing prices don't go down when not worried another. Adult
(24:03):
and number, three one of the jobs of The Central
bank is to oversee the financial companies and make sure
they're doing the right. Thing and if we find out
that these mortgage these banking companies were doing mortgage backed
securities with massive, leverage it was a guarantee to go.
(24:25):
Bust it was a guarantee matter of. Time and of
course he was also part of getting eight hundred billion
of our tax dollars to save the asses of these
crooks that were running these. Places that nobody got, indicted
nobody went to. Jail in, fact they've all made billions.
(24:47):
Sins that's The Central. Bank and then he started printing.
Money and you can go look at his quote, about,
oh but it's not going to be a, lot and
it'll be very short. Term and of course nine trillion
dollars later of conjured up money out of thin.
Speaker 3 (25:05):
Air he, Lied.
Speaker 2 (25:10):
And of course our next central banker Would Janet. Yellen
not only WOULD i not let her run a lemonade,
STAND i wouldn't let her turn on a. FAUCET i
can't believe some of the crap that's come out of her.
Mouth and she was running The Central, bank and she
was A treasury. Secretary she told us inflation was, transitory
(25:35):
and she also called for global, taxes Another, marxist but
she sure was taken quarter million dollars for each speech
to talk To, Goldman sachs or somebody. Else so they
lied about printing of. Money and of, course fast forward
(26:01):
to the, inflation and fast forward we're thirty seven trillion
to debt and one point two trillion went to interest this.
Year and not a single soul IN dc gives a
frig why because they know when it all blows, up
they'll either be retired or. Dead what do they? Care
(26:24):
and then both parties just like they are doing right,
now blaming each. Other and who are the? Victims you AND?
I how's the affordability for houses right? Now do you
know why they're? UNAFFORDABLE? J? Powell what because you got
(26:50):
a housing bubble because of zero percent interest rates in
printing to nine trillion. Dollars but guess what's happening. Now
Fantasy land is going bye. Bye inventories picked. Up houses
In vegas are crumbling in, Price miami dropping like a.
(27:14):
ROCK i will tell YOU i saw a few here In.
ORLANDO i saw one that just went up for sale
six weeks ago for one point seventy. Five they dropped
at two hundred thousand. Today do you know Why? Fantasyland
you know how we got The? FANTASYLAND J? Powell how
(27:38):
bad is it gonna? GET i don't. KNOW i do
not see it Being ina type. Scenario and by the,
way we predicted that back. Then if you, do, RECALL
i don't see that. Scenario But, fantasyland AS i have
said to, YOU i see homes that are being offered
right now at three million that three years ago at point,
(28:00):
five and THEY i got news for. You some of
them have got lucky and got. It BUT i can
tell you here In Central, florida whoever bought in the
last six, Months, oh they're gonna pay the piper more than.
Likely that's all FROM. J. Powell SO i always, ask
(28:26):
what the hell do we need these people For what
have they done to benefit? Us what are they doing
for the? Country how is it helping? You AND i
can't come up with a single solitary answer to that.
Question i'm waiting for somebody to give me an. Answer fire,
(28:46):
them get rid of, them shut them, down and just
let the free markets. Work you know what happened, Today
the free, market at least today gave J powell the middle.
Finger oh you lowering? Rates, well rates are going. UP
(29:13):
i am rooting for rates to go. Down i'm not
rooting against. THEM i just loathe. Them they'reabout as overrated
as The New York giants. Football, well he's not even.
Overrated he's that. BAD i can't believe they kept The
(29:33):
New York giants coach for this, year THOUGH i really
appreciate the game they just played Against, dallas though they.
Lost and that's a little bit of a history of
The Central bank going to two thousand and. EIGHT i
never Thought i'd, say, BOY i, WISH i, WISH i
(29:59):
wish For Alan. Greenspan by the, Way Cracker barrel missed
numbers and is down ten percent in the f the
market actually more than ten. Percent, ooh they miss numbers pretty.
GOOD i may get a hold of THE. Ceo they
(30:24):
have so many good things they can use as far as,
marketing and they just don't you know what they were gonna,
do and you know they backed. Off BUT i don't
see any of the good. Marketing they got this front
of the restaurant with rocking. Chairs, wow family Surrounding, grandma.
(30:44):
Grandpa that'd be. Great they got these great stores with
old candy that we used to love and great, smells
and you got this down home comfort food that they.
SERVE i see no marketing of. That do you Maybe
i'm missing? SOMETHING i see no. MARKETING i don't know
(31:10):
what they're thinking over there. Anyway the stock closed at
forty nine. Sixty, ooh it's forty four to seventy seven
in the f the. Market that ain't no hill for a.
Climber downside guidance also, ooh guides TO fy twenty six
comparable store traffic decline of seven. Percent ew hey up?
(31:34):
Next WHATEVER i can think? Of? Whatever this is the
one only investor's edge.
Speaker 3 (32:14):
You're listening. To what are you waiting? For one to ready?
Gout we can't Recalled, bob.
Speaker 2 (32:56):
And we once again to investor's. Edge HAVEN'T i made
you feel better about the powerful people in this? COUNTRY
i say it all the. TIME i take no joy
AND i take no joy on hitting this president on
what he's been doing with the debt and. Deficits just
(33:19):
another person that don't, care does not. Care screw. It
i'm gone in three. Years screw. It i'm gonna spend like.
Crazy let the rest worry about. It bitcoin remains range.
Bound we continue to tell you to be careful of
(33:43):
this micro. Strategy we get asked about it all the.
Time what's? Wrong why isn't keeping? Up my answer IS
i don't, know But i'm not gonna say the, word
But i'm gonna quote. Others there are many out there
that say this micro strategy is just a, scheme a
scheme where they're growing to just keep buying more and more,
(34:06):
bitcoin and now it's underperforming the price of. Bitcoin we'll.
See ALL i can tell you it's in a bearish.
Phase what you do with. It don't know what to
tell you. Next getting a lot of emails on, Alcohol,
no not about drinking of, alcohol but what's going on
(34:30):
with alcohol and alcohol? Stocks, well ALL i can tell
you again is THAT i don't know whether it's the,
culture the, kids, whatever just less and less alcohol is being.
Consumed and some of the worst stocks in the market
are the alcohol. Stocks and it's very much imperative that
(34:54):
you recognize this and understand it Because i'm getting asked, about,
oh do you think they're a? Value AND i can
tell you flat out in the, markets it all a
lot of things depend on of the trend of how it's.
Going and just so you, Know i've walked into some
(35:14):
liquor stores And i've asked them and just about everyone
telling me sales are, down AND i ask them what
is down the, most and you know what they're all telling,
me hard. Liquor that's What i'm. Getting beer still, okay nothing,
(35:35):
bad weak but, okay wine, weaker but, okay hard, liquor,
eh not doing very. Well so just letting you, know
just like you know, What i'm constantly asking about the
(35:57):
sports drenths and some of these that came out you
hear of this. PRIME i believe the Logan, paul who's
now professional, wrestler selling very. Well by the, way it
tastes pretty good. Too i'm always on the lookout because
you know what the strongest stock of the last fifteen
(36:19):
twenty years Is Monster, no not. Kidding do you know
That Monster? Beverage you ready for? This do? Do? Do
(36:41):
it's it's sixty six dollars and fifty two cents right.
NOW i gathered did a bunch of. Splits. Uh it
traded between a penny and five cents between ninety eight
and two thousand and. Three the sixty six. Bucks by the,
way with all the splits and stuff from oh, three
it went from six cents to four dollars and twenty
(37:06):
one cents to oh, Six, boy that would have been.
Nice So i'm constantly asking on that because of What
Monster beverage. Did AND i must tell YOU i Think
i've only owned the stock maybe, once SO i want
(37:27):
to make sure going forward that doesn't happen, again because
who knows what's going to go public, next AND i
want to be on. It so just so you, know
try to do LIKE i. DO i still remember when
(37:51):
my son's but telling me About pokemon AND i ignored
were kids entertainment skyrocketed, Skyrocketed So i'm definitively doing things
(38:15):
quite differently than in the. Past mouie. Importante you can see,
things you can feel. Things they're right in front of.
You and WHEN i give you The kmart member in real,
(38:37):
time we were giving you the downfall Of. Kmart we
were giving you the downfall Of kmart in real, time
telling you what our experiences, were And kmart turned to.
Dust we're doing the same thing With, ronts looking for
(39:03):
the next big. Thing Remember, Kava BUT i came on
the show and, said you, KNOW i went to. It
it was pretty, good but it feels like Just chipotle
with different type of, food AND i don't know if
it's going to Go mainstreamkava stock has been destroyed by the.
Way the food's very, GOOD i must. Say so these
(39:30):
are the things that you can do and stay on top.
Of sometimes it's the touchy feely that can work out very.
WELL i still again That Four Kids. ENTERTAINMENT i was,
LIKE i am buying This pokemon. Crap it's just a.
(39:50):
Fad well it. WAS i think that went up tenfold
before it. Topped oh, well all, right that all, said
what's Tomorrow. Thursday i'm traveling tomorrow back up north tomorrow,
night But i'll be. Here you'll have a great. Evening
drive carefully and when you get, home do like we
do quite. Simple make sure you hug your. Family make
(40:11):
sure you hug your. Children they will feel. Better you
will feel. BETTER i promise they will be. Well really
appreciate you. Listening don't forget garyka dot. Com good night
all bye.
Speaker 1 (40:21):
Bye this has Been Investor's edge With garycultbomb On Biz.
Talk to listen to past episodes or to get in
contact With, gary go to garyka dot. Com that's garyka dot.
Com
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