September 20, 2025 • 39 mins
Chris Markowski discusses the harsh realities of the financial world, emphasizing the importance of community support, fiscal responsibility, and the challenges faced by younger generations in achieving home ownership. He critiques corporate influence on the housing market and advocates for reforms to make housing more accessible. The conversation also touches on the need for uplifting stories and life hacks to inspire listeners.
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Episode Transcript
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Speaker 1 (00:06):
Well, no one altered. Investment banker, consumer advocate, analyst, trainer.
Chris Morkowski is the watchdog the Wall Street. Do you
want to answer 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 bringing America the truth about what really
happens in the financial world. Ladies and gentlemen. We're not
here to indulge in fantasy, but in political and economic reality.
This is the watchdog on Wall Streets.
Speaker 2 (00:44):
All right, we're doing something again.
Speaker 3 (00:48):
Made we pump I try to pump out as much
content as I possibly can, and I keep getting more
and more ideas for things. And again, I get up
very early in the morning and I doing my Bible
readings and I'm doing my meditating, my my praying, and
(01:12):
that's when things come to me. That's when things come
to me. And I'm like, ah, you want me to
do this?
Speaker 2 (01:18):
Do you? All right? All right, I'm gonna do it.
Speaker 3 (01:22):
We're starting a new section on our website, Light in
the Darkness, where we're going to be doing uplifting positive
stories and it's important.
Speaker 2 (01:36):
It's important. We need them.
Speaker 3 (01:38):
We need them with all of the stuff that we're
getting hit with left, right, and all over the place.
I need them, I do. I need them, and I
think everybody does. And also doing another bit as well,
another little short spot there on the site where it's
going to be doing various different little life hack stuff
for the younger generation out there, advice things that I've
(02:01):
learned over the years that will help people to be
successful in the business world, building a business, whatever it
may be. One of the things that in long time
listeners know this. What do we say every single week
here on the program. We say a couple things every
single week here in the program. One of them is
to protect, teach, build, create, build, create, protect teach either way,
(02:28):
that's what each and every single human being on the planet.
This is every single one of us is tasked to
do that, every single one of us. And if each
and every one of us did that every single day,
my god, we recognize that we've all belonged to one another.
That's mother, Teresa. Think think about the world, Think about
(02:49):
the world we live in. Think about much better it
would be. I'm coming into the radio station in the
studio today. My mom calls and you know it's conscioce.
I'm so worried about She's like, can, I'm seventy nine
years old, I'm so worried about the future, my grandkids.
All this time, I'm like, MA, I said, we've got
(03:11):
We've got family here. Okay, we take care of one other.
It's going to be okay. I'm worried about the future.
And I get it. I get it too, may too
many of us. I'm sorry. And if I'm addressing you
out there, you know who you are. You're sitting on
(03:32):
the sideline. Get off the sideline and get in the game.
Get in the game, build, create, protect, and teach. Don't
be afraid, don't be afraid of what someone is going
(03:54):
to think. This is what we have to do, all
of us. Because if you think you think we are
going to get someone in Washington, d C. To make
this better, no no, no, no, no, this is this has
to be done on the local level. Do you understand
(04:14):
I last last hour of the program was talking about
the talent uh speech that he gave and and that
the ideas that he has and how we think very
very in a very similar fashion when it comes to
just life and how we go about managing money and
the things around it. He had this great line and
I got to pull this up with what he said, again,
(04:37):
it's in regards to size and scale and where we're
at as a side, and he talks about how.
Speaker 2 (04:44):
You know, it's the same way I feel. I'm a libertarian.
Speaker 3 (04:48):
I'm a libertarian on the national level, I'm a Republican
at the state level, a Democrat on the municipal level,
and a communist on the family level. It's all about
scale and again, you can help. We all have to
(05:09):
be involved anyway anyway. So yeah, I'm gonna be doing
that when it comes to life hacks, and I want
to talk about a little bit of a life hack.
Do not, under any circumstances any way, shape, matter, or form, bend,
bend your belief system, your morality. Don't negotiate with evil,
(05:36):
with bad people. Don't do it. Don't wrestle with it.
It's it's never ever worth it. Let me give you
an example. People are like they look at Markowski investments
in what we do and the amount of clients that
we have all around the country, and you know, how
(05:57):
are you going? How can you guys handle that? How
is it possible. How is it possible? You can handle
all the I mean.
Speaker 2 (06:04):
Very easy, very easy.
Speaker 3 (06:07):
The clients that I have think the same way we do,
believe the same way we do.
Speaker 2 (06:13):
I do not have.
Speaker 3 (06:15):
For lack of a better phrase, how I put this way?
Anal shinters as clients. We won't have them. We won't
have I won't do business with them. You know the
amount of business I've turned down over the years being oh,
we want to work with the marcole. You know, go
out to dinner with some guy, some arrogant jerk showing
(06:39):
off in front of his girlfriend at a restaurant, being
rude to the wait staff.
Speaker 2 (06:46):
I'm done. Oh I don't care. I don't care. Best
fifty million dollars, but no, I don't care. You're a jerk.
Speaker 3 (06:56):
Okay, I just judged you based upon very simply and
it's not You know you're gonna treat the weight staff
like that?
Speaker 2 (07:04):
How are you going to treat the people that work
at my company?
Speaker 3 (07:08):
I used to wait tables, I used to board that,
I used to clean toilets.
Speaker 2 (07:11):
I used to be a janter. Who in the world
do you think you are? Again?
Speaker 3 (07:18):
You don't You don't do business with people. You walk away,
You walk away, and life's gonna be much better. Just
saying a bit of a life hack right there. Anyway,
paycheck to paycheck get these stories every year. Every year
(07:39):
they love putting out stories. It's kind of like almost
like a you know, a template that they have at
various different newspapers and so called journalistic organizations.
Speaker 2 (07:49):
It's a cry. Here's the headline. It's a crisis.
Speaker 3 (07:52):
A whopping sixty seven percent of American workers are living
paycheck to paycheck in twenty twenty five. And again they
talk about the story that came out it was like
a week or two ago, about how it takes five
million dollars to live the American dream for a lifetime.
Speaker 2 (08:10):
Uh, you know, the nonsense that they put out. It
really is. Again.
Speaker 3 (08:22):
When I when I was building up Markowski Investments and
we were putting all the money back in our business. Yeah,
I lived in a small little apartment, newlyweds with my wife.
Oh gee whiz, my wife's pregnant. You make it work,
(08:42):
You make it work, you find a way. For major
stretches of my life, I too, lived paycheck to paycheck.
This is not out of the ordinary by any stretch.
Of the imagination. This is why the old ways our best.
This is why we have families. This is the importance
(09:07):
of the family. So God forbid, you know what something
goes wrong, you help each other out. That's the way
it's supposed to be. However, Okay, let's say I live.
I live in the real world here people. There was
a story in the Wall Street Journal, and I'm already
(09:31):
getting a lotter quests for interviews. The two speed economy
is back, as low income Americans giving up gains. High
earners and older Americans are faring better than ever, while
fortunes are sliding again for low wage and young workers.
That is one hundred and ten percent accurate. It is,
(09:54):
There's no doubt about it. It is one hundred and
ten percent accurate. People been listening to the show, been
listening to my podcast. I've been talking about this for
some time, and quite frankly, it ticks me off because
we could be helping people out right now. How shall
(10:16):
I put it in trump in terms bigly as far
as the younger generation is concerned, how do we do that? Well,
guess what we have to knock home values down? Yeah,
I said it. I said it. Home values are being
(10:36):
propped up artificially by corporate ownership around the country period
the end. Oh, here's some sort of communist there, Markowski.
Speaker 2 (10:48):
No, I'm not. No, I'm not. I just know manipulation
when I see it.
Speaker 3 (10:56):
Now, when I see a private equity outfit by up
an entire track of homes for a few hundred thousand dollars,
sit on them for a year, then sell them to
one of their other funds for two to three hundred
thousand dollars more a year later so they can get comps,
and then raise the prices on everyone.
Speaker 2 (11:14):
I know what's going on.
Speaker 3 (11:17):
I know what's going on with apartments around the country
and how things operate. Sorry, out of Colorado, a woman
with dementia in her apartment dies. The family gets a
bill for back rent. Yeah, yeah, that. Oh, we didn't
do it. We didn't do anything illegal. No, you didn't
(11:39):
do anything illegal. But it's wrong. How do you look
yourself in a mirror by doing something like that? This
is the problem. There's good money and there's bad money.
Story after story. Okay, we're down right now. Okay, you're
gonna go back to nineteen eighty five. Three quarters of
(12:00):
the country nineteen five. I'm in high school. Okay, people
have a good chance of improving our standard living. Three
out of four people would say yes to that. You
know where it is today, one out of four, one
out of four. This again, this is a reality. We
(12:24):
see what grocery prices are doing. Grocery prices the highest
level in three years. US credit card delinquent balances continue
to tick higher. You take a look at Google searches again,
this is the stuff that we look at.
Speaker 2 (12:40):
Searches out there going through the roof.
Speaker 3 (12:42):
Sell my house, fast, give car back, borrow against stock,
bankruptcy lawyer, sell my rolex, watch, borrow against life insurance.
You want see the searches for these things going through
the roof. Yeah, it's a problem. You want to know
what Surprised that a guy like Mom Dommi can win
(13:04):
socialists can win in New York City?
Speaker 2 (13:06):
Are you kidding me?
Speaker 3 (13:09):
This is what happens people, This is what happens when
you run a capitalist society and people don't have any
ethics what so ever. This is this type of society
live but when you have that type of entrenched power,
Because the reality of the situation is, I could fix
the housing problem this week if I was in charge,
(13:32):
fix it this week, real simple, Okay, just make corporate ownership.
Haven't pay a super high tax. That's it done. Corporate ownership.
Speaker 2 (13:44):
They do it. You know what they do it in
other countries.
Speaker 3 (13:46):
Okay, any sort of corporate ownership out there, you've got
to pay a super high tax. Europe they do it
as if I a vat tax, and it's much much bigger.
Why because they want families to live and those homes,
they want owner occupied homes. These jerks, they've been doing
(14:07):
us all along since Davos, for crying out loud. Oh,
they want everybody to not on a damn thing. They
want rent their nation. That's what they want. It's bad
enough already that we live in a society where we're
all peasants and serfs on a lord's matter because of
property taxes. Thank god, you've got states waking up to
that and trying to do away with that.
Speaker 2 (14:27):
Florida, Texas.
Speaker 3 (14:28):
I even heard the thing about doing it in Pennsylvania
as well, to step in the right direction. And then
you get a lot of senior citizens out there that
don't have the type of wealth that some have, and
they got to tick out reverse mortgages just to pay
the bills on their house and their property taxes and
insurance that has gone through the roof. We've got issues
(14:53):
and they need to be dealt with. You want kids
excited about their future, excited about what was going to
happen next.
Speaker 2 (15:06):
I know I was when I was younger and had nothing. Nine.
All I want is a shot.
Speaker 3 (15:17):
I talk to young people all the time, and I
encouraging them because a lot of them to get defetus.
And I said, you can't do that. You can't do that.
There has to be a switch. But then I see
polls out there baby boomers do not want to have
anything when it comes to increasing home ownership for younger
(15:39):
people within their neighborhood, and.
Speaker 2 (15:41):
Don't want to do anything to decrease the value of homes.
It's your home, it's not a bank.
Speaker 3 (15:46):
It's one of the dumbest things in the entire world,
is basing your assets on your home.
Speaker 2 (15:54):
Now. No, what we should want is we should want
home prices to come down. I get this all the time.
Why don't you worry about the value your house coming down? No?
Speaker 3 (16:07):
Why why would I worry about that?
Speaker 2 (16:11):
It's as if as if the value.
Speaker 3 (16:13):
Of your home comes down, your bathroom becomes smaller, or
your closet shrinks, or your living room lose it.
Speaker 2 (16:20):
You know, your living room falls apart.
Speaker 3 (16:22):
No, who cares. You still have breakfast in the same place.
You still take a shower in the safe place. Nothing changes.
Wouldn't it be better if we had a more dynamic economy
where people can afford to go out and spend and
do things, and we're not looking at delinquency.
Speaker 2 (16:39):
Rates where we are.
Speaker 3 (16:40):
You see that we've got the greatest fight O score
drop since the Great Recession. Why do you think that is?
You think that's healthy? Yeah, that's gonna make America great again.
Speaker 2 (16:55):
I don't I know.
Speaker 3 (16:59):
I Hey, listen, Trump's got some ideas. Okay, he does,
but they've got to do something about the cost of
living here in this country. And again, it won't take much.
They can get it done. Gotta take a break. Watchdog
on Wallstreet dot com. Watchdog on Wallstreet dot com, our
personal CFO program, our podcast, our newsletter, Watchdog on Wallstreet
(17:21):
dot Com.
Speaker 2 (17:21):
We'll be back.
Speaker 1 (17:36):
This is the Watchdog on Wall Street. Alright, this song
I mentioned nineteen eighty five. This is maybe a little
bit earlier. In nineteen eighty five. Anyway, welcome back everybody.
It is the watchdog on Wall Street Show. Yeah, I
(17:58):
could fix all this.
Speaker 2 (18:00):
Who would you do? I could fix it all, can
fix it all.
Speaker 3 (18:05):
Let's let's first talk about our fiscal situation here in
this country.
Speaker 2 (18:10):
Rand Paul has put forward. It's put forward.
Speaker 3 (18:13):
He's got his he called his penny plan, where he
just take away one penny, take a one penny, one
penny away from every dollar that is being spent in
this country and take a look at what that does
over time and how it reduces our budget deficits and
gets us onto a path of fyscal sanity. And he
(18:33):
can't he can't get enough Republicans to sign off on
that one penny. Right now, you've got the Speaker of
the House Mike Johnson and John Thune, and the President
of the United States Donald Trump, pushing for another continuing
resolution to keep the gunment open. Really, you guys are
(18:54):
so full of crap, it's not funny. Back in December,
back in December of this past year, same continuing resolution
under Biden, Republicans didn't want to sign off on it.
Four months later, they signed off on it. Four months later,
they want to do another one, Go go back, go
to the as they said and it's work. Go to
the videotape, go go watching what they said. Oh, I'll
(19:17):
never sign off on a continued resolution or no more
of these short term spending bills.
Speaker 2 (19:23):
Are they doing anything to cut spending at all? Zip? Zero, zilch.
Speaker 3 (19:32):
You want to You want to make housing affordable here
in the United States, First and foremost, we have to
stop doing that. We have to stop printing money. We
also have to end the nonsense that takes place at
the Federal Reserve when it comes to interest rate suppression.
And we got to cut it out with the mortgage
backed security buying. That's nonsensical. Another one, Fanny and Freddy
(19:58):
need to go. I don't anyone they want to tout
taking Trump wants to take Fanny and Freddie public. It's
gonna be a big hullablu ipo.
Speaker 2 (20:07):
Nope, nope.
Speaker 3 (20:08):
Stop subsidizing housing. Okay, guess what. How about this fifty
percent sales tax on all corporate home buyers.
Speaker 2 (20:20):
How about this too?
Speaker 3 (20:21):
No more welfare for rich people, no more insurance subsidization.
Speaker 2 (20:25):
Oh, I can go on.
Speaker 3 (20:28):
Watchdog on Wallstreet dot Com, Watchdog on Wallstreet dot Com.
Speaker 2 (20:31):
We'll be back.
Speaker 1 (20:37):
You're listening to the Watchdog on Wall Street, the only
(21:01):
man who is taking on the Walls Street establishment. You're
listening to the Watchdog and Wall Street with Chris Markowski.
Speaker 3 (21:09):
Welcome back everybody. Yeah, you know, we had a little
short segment there. It's three more things, three more things,
so we could completely knock down home values here, be fantastic,
open up the real estate market. Let younger people get
a part of that. He hasn't been that song by
John Cougar Mellencamp. I don't even think he was John
(21:30):
Cougar Mellencamp. We think it was just John Cougar back then.
Pink houses, little pink houses for.
Speaker 2 (21:37):
You and me.
Speaker 3 (21:37):
Yeah, you know, so everybody can have the opportunity to
buy a home one of the things you can do.
And again the real estate lobby hates this, of course,
because it allows them to sell houses at an inflated price.
Is no more welfare for rich people, which is flood insurance,
government subsidized flood insurance. If you can afford to live
(22:00):
on the water, pay your own dam insurance.
Speaker 2 (22:03):
Just that simple. How does it make call it? Housing
prices go up?
Speaker 3 (22:07):
Well, you know, if insurance is very expensive because you
got to live on the water, guess what, Well, it's all,
it's all a simple mathematical equation of what one could afford.
Speaker 2 (22:19):
And guess what that would have to drive the price
of the home down. If that home insurance is up
because you.
Speaker 3 (22:23):
Want to live on the water, why in the world
should your fellow taxpayer subsidize your.
Speaker 2 (22:29):
Beach front buddy property.
Speaker 3 (22:31):
It is the biggest bunch of bs going pay it yourself?
Speaker 2 (22:35):
Okay, how about it be a man pay your own bills.
Speaker 3 (22:42):
Property tax reform, Property tax reform again, owner occupied homes,
no property taxes. And this is one of the greatest,
greatest scams in our country. There's so many things out there.
I got to call it that. You know, it wasn't
my fraise was Donald Luskin's phrase, conspiracy to keep people
(23:02):
poor and stupid.
Speaker 2 (23:05):
I own my house, now I don't.
Speaker 3 (23:09):
I may have paid for my house, I may live
in my house, but I don't own my house.
Speaker 2 (23:17):
All I own is land usage rights. That's it. That's
all I have.
Speaker 3 (23:24):
I paid for the right to live in that house,
that's it, and use the land. That's all I did.
And that's all anybody will ever do in this country.
Why because you're a peasant, you're a serf. Okay, we
all live on the lord's manor. Who's the lord? Yeah,
your local municipality, they're the king. It's so different than
(23:45):
the feudal system. For crying out loud, we're peasants. What
happens if you don't pay.
Speaker 2 (23:50):
Your property taxes? What happens? You lose your house?
Speaker 3 (23:56):
Same thing, right, you don't own it if they could
take it away from you if you don't pay them every.
Speaker 2 (24:02):
Single year, do you really own it? No, you don't.
Speaker 3 (24:06):
Okay again, property tax for owner occupied homes, no property taxes.
And one more, And Marjorie Taylor Green's been pushing this,
and I think it's a great idea. No capital gains
taxes when people sell their homes.
Speaker 2 (24:22):
Anyway, moving on.
Speaker 3 (24:24):
This by Trump this past week, I loved this is
something we have been pushing for for some time. I
think that this is a great idea. This is a
step in the right direction. Trump has called for ending
quarterly earnings reports.
Speaker 2 (24:42):
Now I hope it goes somewhere.
Speaker 3 (24:45):
Reason why I don't think it's going to go anywhere
is the big banks in Wall Street and the trading
houses are not going to.
Speaker 2 (24:51):
Be happy about this.
Speaker 3 (24:53):
They have a lot of algorithmic trading. There's a lot
of kids out there messing around on rowihood that are
looking to trade next quarters earnings and try to play
that stuff. And a lot of money is made when
you turn Wall Street into a casino. President Trump said
companies should no longer be required to report their earnings
(25:14):
on a quarterly basis, a move that would upend the
way companies have shared their financial results with investors for
half a century. He said that company should report their
earnings every six months. Again, I don't think it needs
to be six months once a year as far as
I'm concerned, but okay, six months is a step in
the right direction. He said this will save money and
(25:34):
allow managers to focus on properly running their companies.
Speaker 2 (25:38):
He's not wrong, He's not wrong.
Speaker 3 (25:43):
And again we can we could go even further when
it comes to managers managing the stock price rather than
managing their company. There's been countless examples and the destruction
of companies based behind that that compensation. But again, I
totally agree with this. It is completely nonsensical. I don't
(26:08):
have a publicly traded company. We would never never again
where profession profession should never trade publicly, would never do that.
Imagine having a file the amount of money you gotta
spend just to file all of those bloody reports and
everything with the SEC every single quarter.
Speaker 2 (26:28):
For what.
Speaker 3 (26:29):
They've made it more and more difficult with everything you
gotta do. And you want to know, want what's happened?
There was more than double There was more than twice
the amount of publicly traded companies in the nineteen nineties
in there word today and again they had to report
quarter lease back then. But with Dodd, Frank Sarbainslacksley, all
the regulations that they put on.
Speaker 2 (26:50):
We told you this was going to happen.
Speaker 3 (26:52):
And this is why you have so many private companies,
and these private equity firms own by a lot of
really really rich pe well that love to ladder this
stuff up.
Speaker 2 (27:02):
Eventually when they go public, when.
Speaker 3 (27:03):
Are they sending them selling them to the general public
at an absolutely ridiculous valuation?
Speaker 2 (27:09):
And you become the greater fool. Gotta take a break.
Speaker 3 (27:13):
Watchdog on Wall Street dot com, Watchdog on Wallstreet dot
com again become a part of our family. To Markowski Investments, family,
Watchdog on Wallstreet dot com, our personal CFO program, our podcast, newsletter,
all sorts of great stuff Watchdog on Wallstreet dot com
or give us a call.
Speaker 2 (27:30):
He one hundred four seven one fifty nine eighty four
passion sense.
Speaker 1 (27:49):
You should believe in math not magic. You're listening to
the Watchdog on Wall Street with Chris Markowski.
Speaker 2 (28:01):
I mentioned that.
Speaker 3 (28:04):
Continuing a resolution that you know they're pushing for right now,
Republicans are pushing for. And again, you know song comes
to mind, the Who Who won't get fooled again? And
I thought about it this past week, and the Who's
back on tour, The Who is back on tour, The
(28:25):
Stones are back on tour. I remember in nineteen eighty
nine clamoring to go see The Who and the Rolling Stones,
thinking that they would never tour again.
Speaker 2 (28:37):
Yeah, I guess I got fooled back then.
Speaker 3 (28:38):
But anyway, Yeah, we're all getting fooled by these Republicans
that claim to give a darn about government spending when.
Speaker 2 (28:45):
They obviously don't.
Speaker 3 (28:45):
Anyway, anyway, Scott Messing a guy drives me crazy. He does. Yeah,
I gotta add to him. He has no problem going
on programs on a regular basis. But again, every single
time everything I watch them say things on these programs
and I'm like, come on again, Oh, Michael Corleoni, you know,
(29:10):
don't insult my intelligence.
Speaker 2 (29:12):
It makes me very angry.
Speaker 3 (29:15):
So Scott Bessett is being interviewed on CNBC this past week,
and you.
Speaker 2 (29:20):
Know, I my and I said this before I give
you my opinion.
Speaker 3 (29:24):
I think that, you know, squawk Box is probably the
best news program anywhere as far as I'm concerned, and
they do a pretty good job. But even those guys,
those guys you know, Becky, Joe and Andrew that that
host the program, when they have certain guests on, they
don't push hard enough. Okay for example, for example, and honestly,
(29:47):
Joe Kernan knows better than this. Scott Besnant comes on
and he's saying that tariffs are helping us pay down
the debt. We're gonna be paying down the debt. We're
collecting all this money.
Speaker 2 (30:00):
Okay, Okay, Scott, how come? Simple question?
Speaker 3 (30:04):
If he said that to me, how is it that
we've added close to two trillion dollars to the national
debt since Liberation Day? Explain that to me? Okay, if
this is going to help you pay down the debt.
We're nowhere near paying down any debt. In order to
(30:24):
pay down debt, we'd actually have to balance the budget.
Speaker 2 (30:28):
We ran what a six hundred and thirty five, six
hundred and.
Speaker 3 (30:32):
Forty billion dollar budget deficit last month? You know, when
are we not running a budget? How do you pay
down debt? If you're going backwards? How do you pay
down debt? Oh, we're collecting tariffs. Oh, we took two
steps forward, up, We're going to take five steps backward.
Speaker 2 (30:52):
How does that work?
Speaker 3 (30:53):
Scott?
Speaker 2 (30:56):
I mean, you say these things on air and again
it makes.
Speaker 3 (30:58):
Me want to pull my hair out for crying out loud.
It's completely nonsensical. At some point in time, we have
to have some sort of fiscal sanity. No, no, tariffs
are not gonna help us pay down any debt. They're
(31:19):
not gonna close any budget deficits. If that was the case,
it would be happening man.
Speaker 2 (31:27):
Anyway.
Speaker 3 (31:28):
Again, Yeah, I'm sorry, I get hot and bothered, but
you know what does happen to me when they insult
my intelligence?
Speaker 2 (31:35):
Watchdog on Wallstreet dot com.
Speaker 3 (31:37):
Watch Dog on Wallstreet dot Com again, Our site, Personal
CFO program, podcast, newsletter, we'll be.
Speaker 1 (31:43):
Back bringing America financial freedom one listener at a time.
You're listening to The Watchdog on Wall Street with Chris Markowski.
Speaker 2 (32:10):
Welcome back.
Speaker 3 (32:11):
I made a note to myself when I was going
off on the insurance the needle nosed ned Ryerson's out there.
Speaker 2 (32:19):
Feel feel connors, you need a newities. We're going to
sell me. Oh my god, your money's safe?
Speaker 3 (32:26):
Oh say buddy, investor, you want to do the stock market?
God help me anyway. I made a note to bring
this up to counter that moronic argument.
Speaker 2 (32:42):
S and p.
Speaker 3 (32:42):
Five hundred. These these are, Yeah, you know what I
gonna do. I'm gonna go back to nineteen forty nine.
How's that sound?
Speaker 2 (32:49):
S and P. Five hundred.
Speaker 3 (32:51):
One year total returns following following bear market closing lows
go back to nineteen forty nine sixty percent to the upside,
nineteen fifty seven thirty six percent to the upside, nineteen
sixty two thirty seven percent to the upside, nineteen sixty
six thirty eight percent to the upside, nineteen seventy forty
(33:13):
nine percent to the upside, seventy four forty four percent
to the upside, ah eighty two sixty six percent to
the upside, eighty seven twenty seven percent to the upside,
nineteen ninety thirty four percent to the upside, ninety eight
forty percent to the upside, two thousand and two, thirty
six percent to the upside, two thousand and nine seventy
(33:33):
two percent to.
Speaker 2 (33:35):
The up side.
Speaker 3 (33:37):
That that was a big one for us at Markowski Investments.
The entire world was telling you that the sky is
going to fall, the world was going to end. We
were buy, buy, buy, take advantage high quality companies. You're
(33:58):
never You're not going to see stuff this it's gonna
it's just not. It doesn't happen that often. Greatest opportunity going.
Speaker 2 (34:05):
No, you don't know what you're talking about. I'm gonna
buy an annuity. I'm gonna buy coins.
Speaker 3 (34:09):
Yeah, seventy two percent, twenty twenty seventy eight percent, twenty
twenty two, twenty four percent, and twenty twenty five. This
past year thirty three percent. Yeah, we hit a bear
market this year, it's up thirty three percent since then. Again,
(34:29):
those are the numbers, and this is why if you
have your portfolio managed properly and your dollar cost averaging
and over time you're trimming profits and companies that have
done very well, positions that have done very well, Rotating
assets into areas that haven't done as well but are
(34:50):
still high quality companies great value there. It works, It works,
It always will work because it always has worked.
Speaker 2 (35:02):
That's what you need to do.
Speaker 3 (35:04):
You don't look for shortcuts, you don't look for gimmicks,
you don't do anything else. You just do what is right.
We didn't invent this stuff. Okay, we don't have a
magic algorithm. Everything we do at Markowski Investments is done
has been done by the best.
Speaker 2 (35:20):
Money managers throughout history. It's just that simple. We don't
go into fans, we don't go into nonsense or anything
like that.
Speaker 3 (35:28):
It has to make sense. You cannot let risk lead
to ruin. And on the other hand, you can't bury
your money in a can in a backyard, which is
basically what you're doing if you buy an annuity for
crying out loud anyway, anyway, there's that song by the
(35:49):
Police canarry the coal mine.
Speaker 2 (35:51):
I got a canary in a coal mine for you. Yeah,
we're watching this.
Speaker 3 (35:56):
Unrealized losses on investment securities for US banks reached three
hundred and ninety five billion dollars in the second quarter
of this year.
Speaker 2 (36:08):
Let me put that in perspective.
Speaker 3 (36:09):
That is six times higher than at the peak of
the two thousand and eight financial crisis. This is the
thirteenth consecutive quarter of losses.
Speaker 2 (36:21):
Now you think that these banks.
Speaker 3 (36:25):
Are going to be able to, you know, jigger the
way out of this because the FED lowered interest rates
by a quarter point. The number of banks on the
FDIIC Problem Bank list reached fifty nine in the second
quarter of this year. That's one point three percent of
the aggregate. Again, this is another watchdog on Wall Street.
(36:46):
See I told you so a moment we told you
something wicked this way comes. When it comes to commercial
real estate, they can you know, they can extend and
pretend as long as they can, but again, eventually they're
going to have to face the music, unless, of course,
(37:08):
magically mortgage rates go back down a two and a
half percent. A lot of trouble out there, a lot
of trouble out there, and again let it collapse. Last
thing I want to see happen is a government which
means we the taxpayers, having to prop up these banks.
Speaker 2 (37:28):
I'm so sick and tired of having to do this.
Speaker 3 (37:30):
We just had to do it again a couple of
years ago with Silicon Valley Bank and was it Horizon
and it was Republic And it stinks.
Speaker 2 (37:41):
You know what benefits you know, I'm JP Morgan. You
know they're licking their chops with these numbers. They love this.
Speaker 3 (37:48):
They love this because they're just going to end up
acquiring all of these financial institutions for nothing with the
support of the taxpayer, which is pathetic and sad. But
again this is part of the problem. Price discovery is
always important. Price discovery is what you need.
Speaker 2 (38:06):
To have happen.
Speaker 3 (38:08):
There's nothing wrong with things coming down and actually begetting
their true valuation. Again, I talk about, you know, people
who make sense when it comes to money. Benjamin Graham,
the Intelligent Investors. I was Warren Buffett's teacher. Everything has simple,
Everything has an intrinsic value. Sometimes things are below they're
(38:28):
intrinsic value, Sometimes they're above their intrinsic value. What do
you think the intrinsic value is of all of this
commercial space, office space, retail space, all across the country,
based upon where we are at as a country and
a society. I can't tell you how many things I
needed to buy this past week. I didn't leave my
(38:50):
house for them. Amazon delivered them to my door. That's
a reality. Amazon's not going anywhere.
Speaker 2 (39:00):
Anyway.
Speaker 3 (39:01):
Gotta take it another the break Watchdog on Wallstreet dot com.
Watchdog on wallstreet dot com is our site again. Become
a part of the Markowski Investments family of personal CFO program, podcast, newsletter,
all sorts of great stuff Watchdog on wallstreet dot com.
Speaker 2 (39:17):
We'll be back.
Speaker 1 (39:24):
Chris Markowski is the Watchdog on Wall Street.
Well, no one altered. Investment banker, consumer advocate, analyst, trainer.
Chris Morkowski is the watchdog the Wall Street. Do you
want to answer 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 bringing America the truth about what really
happens in the financial world. Ladies and gentlemen. We're not
here to indulge in fantasy, but in political and economic reality.
This is the watchdog on Wall Streets.
Speaker 2 (00:44):
All right, we're doing something again.
Speaker 3 (00:48):
Made we pump I try to pump out as much
content as I possibly can, and I keep getting more
and more ideas for things. And again, I get up
very early in the morning and I doing my Bible
readings and I'm doing my meditating, my my praying, and
(01:12):
that's when things come to me. That's when things come
to me. And I'm like, ah, you want me to
do this?
Speaker 2 (01:18):
Do you? All right? All right, I'm gonna do it.
Speaker 3 (01:22):
We're starting a new section on our website, Light in
the Darkness, where we're going to be doing uplifting positive
stories and it's important.
Speaker 2 (01:36):
It's important. We need them.
Speaker 3 (01:38):
We need them with all of the stuff that we're
getting hit with left, right, and all over the place.
I need them, I do. I need them, and I
think everybody does. And also doing another bit as well,
another little short spot there on the site where it's
going to be doing various different little life hack stuff
for the younger generation out there, advice things that I've
(02:01):
learned over the years that will help people to be
successful in the business world, building a business, whatever it
may be. One of the things that in long time
listeners know this. What do we say every single week
here on the program. We say a couple things every
single week here in the program. One of them is
to protect, teach, build, create, build, create, protect teach either way,
(02:28):
that's what each and every single human being on the planet.
This is every single one of us is tasked to
do that, every single one of us. And if each
and every one of us did that every single day,
my god, we recognize that we've all belonged to one another.
That's mother, Teresa. Think think about the world, Think about
(02:49):
the world we live in. Think about much better it
would be. I'm coming into the radio station in the
studio today. My mom calls and you know it's conscioce.
I'm so worried about She's like, can, I'm seventy nine
years old, I'm so worried about the future, my grandkids.
All this time, I'm like, MA, I said, we've got
(03:11):
We've got family here. Okay, we take care of one other.
It's going to be okay. I'm worried about the future.
And I get it. I get it too, may too
many of us. I'm sorry. And if I'm addressing you
out there, you know who you are. You're sitting on
(03:32):
the sideline. Get off the sideline and get in the game.
Get in the game, build, create, protect, and teach. Don't
be afraid, don't be afraid of what someone is going
(03:54):
to think. This is what we have to do, all
of us. Because if you think you think we are
going to get someone in Washington, d C. To make
this better, no no, no, no, no, this is this has
to be done on the local level. Do you understand
(04:14):
I last last hour of the program was talking about
the talent uh speech that he gave and and that
the ideas that he has and how we think very
very in a very similar fashion when it comes to
just life and how we go about managing money and
the things around it. He had this great line and
I got to pull this up with what he said, again,
(04:37):
it's in regards to size and scale and where we're
at as a side, and he talks about how.
Speaker 2 (04:44):
You know, it's the same way I feel. I'm a libertarian.
Speaker 3 (04:48):
I'm a libertarian on the national level, I'm a Republican
at the state level, a Democrat on the municipal level,
and a communist on the family level. It's all about
scale and again, you can help. We all have to
(05:09):
be involved anyway anyway. So yeah, I'm gonna be doing
that when it comes to life hacks, and I want
to talk about a little bit of a life hack.
Do not, under any circumstances any way, shape, matter, or form, bend,
bend your belief system, your morality. Don't negotiate with evil,
(05:36):
with bad people. Don't do it. Don't wrestle with it.
It's it's never ever worth it. Let me give you
an example. People are like they look at Markowski investments
in what we do and the amount of clients that
we have all around the country, and you know, how
(05:57):
are you going? How can you guys handle that? How
is it possible. How is it possible? You can handle
all the I mean.
Speaker 2 (06:04):
Very easy, very easy.
Speaker 3 (06:07):
The clients that I have think the same way we do,
believe the same way we do.
Speaker 2 (06:13):
I do not have.
Speaker 3 (06:15):
For lack of a better phrase, how I put this way?
Anal shinters as clients. We won't have them. We won't
have I won't do business with them. You know the
amount of business I've turned down over the years being oh,
we want to work with the marcole. You know, go
out to dinner with some guy, some arrogant jerk showing
(06:39):
off in front of his girlfriend at a restaurant, being
rude to the wait staff.
Speaker 2 (06:46):
I'm done. Oh I don't care. I don't care. Best
fifty million dollars, but no, I don't care. You're a jerk.
Speaker 3 (06:56):
Okay, I just judged you based upon very simply and
it's not You know you're gonna treat the weight staff
like that?
Speaker 2 (07:04):
How are you going to treat the people that work
at my company?
Speaker 3 (07:08):
I used to wait tables, I used to board that,
I used to clean toilets.
Speaker 2 (07:11):
I used to be a janter. Who in the world
do you think you are? Again?
Speaker 3 (07:18):
You don't You don't do business with people. You walk away,
You walk away, and life's gonna be much better. Just
saying a bit of a life hack right there. Anyway,
paycheck to paycheck get these stories every year. Every year
(07:39):
they love putting out stories. It's kind of like almost
like a you know, a template that they have at
various different newspapers and so called journalistic organizations.
Speaker 2 (07:49):
It's a cry. Here's the headline. It's a crisis.
Speaker 3 (07:52):
A whopping sixty seven percent of American workers are living
paycheck to paycheck in twenty twenty five. And again they
talk about the story that came out it was like
a week or two ago, about how it takes five
million dollars to live the American dream for a lifetime.
Speaker 2 (08:10):
Uh, you know, the nonsense that they put out. It
really is. Again.
Speaker 3 (08:22):
When I when I was building up Markowski Investments and
we were putting all the money back in our business. Yeah,
I lived in a small little apartment, newlyweds with my wife.
Oh gee whiz, my wife's pregnant. You make it work,
(08:42):
You make it work, you find a way. For major
stretches of my life, I too, lived paycheck to paycheck.
This is not out of the ordinary by any stretch.
Of the imagination. This is why the old ways our best.
This is why we have families. This is the importance
(09:07):
of the family. So God forbid, you know what something
goes wrong, you help each other out. That's the way
it's supposed to be. However, Okay, let's say I live.
I live in the real world here people. There was
a story in the Wall Street Journal, and I'm already
(09:31):
getting a lotter quests for interviews. The two speed economy
is back, as low income Americans giving up gains. High
earners and older Americans are faring better than ever, while
fortunes are sliding again for low wage and young workers.
That is one hundred and ten percent accurate. It is,
(09:54):
There's no doubt about it. It is one hundred and
ten percent accurate. People been listening to the show, been
listening to my podcast. I've been talking about this for
some time, and quite frankly, it ticks me off because
we could be helping people out right now. How shall
(10:16):
I put it in trump in terms bigly as far
as the younger generation is concerned, how do we do that? Well,
guess what we have to knock home values down? Yeah,
I said it. I said it. Home values are being
(10:36):
propped up artificially by corporate ownership around the country period
the end. Oh, here's some sort of communist there, Markowski.
Speaker 2 (10:48):
No, I'm not. No, I'm not. I just know manipulation
when I see it.
Speaker 3 (10:56):
Now, when I see a private equity outfit by up
an entire track of homes for a few hundred thousand dollars,
sit on them for a year, then sell them to
one of their other funds for two to three hundred
thousand dollars more a year later so they can get comps,
and then raise the prices on everyone.
Speaker 2 (11:14):
I know what's going on.
Speaker 3 (11:17):
I know what's going on with apartments around the country
and how things operate. Sorry, out of Colorado, a woman
with dementia in her apartment dies. The family gets a
bill for back rent. Yeah, yeah, that. Oh, we didn't
do it. We didn't do anything illegal. No, you didn't
(11:39):
do anything illegal. But it's wrong. How do you look
yourself in a mirror by doing something like that? This
is the problem. There's good money and there's bad money.
Story after story. Okay, we're down right now. Okay, you're
gonna go back to nineteen eighty five. Three quarters of
(12:00):
the country nineteen five. I'm in high school. Okay, people
have a good chance of improving our standard living. Three
out of four people would say yes to that. You
know where it is today, one out of four, one
out of four. This again, this is a reality. We
(12:24):
see what grocery prices are doing. Grocery prices the highest
level in three years. US credit card delinquent balances continue
to tick higher. You take a look at Google searches again,
this is the stuff that we look at.
Speaker 2 (12:40):
Searches out there going through the roof.
Speaker 3 (12:42):
Sell my house, fast, give car back, borrow against stock,
bankruptcy lawyer, sell my rolex, watch, borrow against life insurance.
You want see the searches for these things going through
the roof. Yeah, it's a problem. You want to know
what Surprised that a guy like Mom Dommi can win
(13:04):
socialists can win in New York City?
Speaker 2 (13:06):
Are you kidding me?
Speaker 3 (13:09):
This is what happens people, This is what happens when
you run a capitalist society and people don't have any
ethics what so ever. This is this type of society
live but when you have that type of entrenched power,
Because the reality of the situation is, I could fix
the housing problem this week if I was in charge,
(13:32):
fix it this week, real simple, Okay, just make corporate ownership.
Haven't pay a super high tax. That's it done. Corporate ownership.
Speaker 2 (13:44):
They do it. You know what they do it in
other countries.
Speaker 3 (13:46):
Okay, any sort of corporate ownership out there, you've got
to pay a super high tax. Europe they do it
as if I a vat tax, and it's much much bigger.
Why because they want families to live and those homes,
they want owner occupied homes. These jerks, they've been doing
(14:07):
us all along since Davos, for crying out loud. Oh,
they want everybody to not on a damn thing. They
want rent their nation. That's what they want. It's bad
enough already that we live in a society where we're
all peasants and serfs on a lord's matter because of
property taxes. Thank god, you've got states waking up to
that and trying to do away with that.
Speaker 2 (14:27):
Florida, Texas.
Speaker 3 (14:28):
I even heard the thing about doing it in Pennsylvania
as well, to step in the right direction. And then
you get a lot of senior citizens out there that
don't have the type of wealth that some have, and
they got to tick out reverse mortgages just to pay
the bills on their house and their property taxes and
insurance that has gone through the roof. We've got issues
(14:53):
and they need to be dealt with. You want kids
excited about their future, excited about what was going to
happen next.
Speaker 2 (15:06):
I know I was when I was younger and had nothing. Nine.
All I want is a shot.
Speaker 3 (15:17):
I talk to young people all the time, and I
encouraging them because a lot of them to get defetus.
And I said, you can't do that. You can't do that.
There has to be a switch. But then I see
polls out there baby boomers do not want to have
anything when it comes to increasing home ownership for younger
(15:39):
people within their neighborhood, and.
Speaker 2 (15:41):
Don't want to do anything to decrease the value of homes.
It's your home, it's not a bank.
Speaker 3 (15:46):
It's one of the dumbest things in the entire world,
is basing your assets on your home.
Speaker 2 (15:54):
Now. No, what we should want is we should want
home prices to come down. I get this all the time.
Why don't you worry about the value your house coming down? No?
Speaker 3 (16:07):
Why why would I worry about that?
Speaker 2 (16:11):
It's as if as if the value.
Speaker 3 (16:13):
Of your home comes down, your bathroom becomes smaller, or
your closet shrinks, or your living room lose it.
Speaker 2 (16:20):
You know, your living room falls apart.
Speaker 3 (16:22):
No, who cares. You still have breakfast in the same place.
You still take a shower in the safe place. Nothing changes.
Wouldn't it be better if we had a more dynamic economy
where people can afford to go out and spend and
do things, and we're not looking at delinquency.
Speaker 2 (16:39):
Rates where we are.
Speaker 3 (16:40):
You see that we've got the greatest fight O score
drop since the Great Recession. Why do you think that is?
You think that's healthy? Yeah, that's gonna make America great again.
Speaker 2 (16:55):
I don't I know.
Speaker 3 (16:59):
I Hey, listen, Trump's got some ideas. Okay, he does,
but they've got to do something about the cost of
living here in this country. And again, it won't take much.
They can get it done. Gotta take a break. Watchdog
on Wallstreet dot com. Watchdog on Wallstreet dot com, our
personal CFO program, our podcast, our newsletter, Watchdog on Wallstreet
(17:21):
dot Com.
Speaker 2 (17:21):
We'll be back.
Speaker 1 (17:36):
This is the Watchdog on Wall Street. Alright, this song
I mentioned nineteen eighty five. This is maybe a little
bit earlier. In nineteen eighty five. Anyway, welcome back everybody.
It is the watchdog on Wall Street Show. Yeah, I
(17:58):
could fix all this.
Speaker 2 (18:00):
Who would you do? I could fix it all, can
fix it all.
Speaker 3 (18:05):
Let's let's first talk about our fiscal situation here in
this country.
Speaker 2 (18:10):
Rand Paul has put forward. It's put forward.
Speaker 3 (18:13):
He's got his he called his penny plan, where he
just take away one penny, take a one penny, one
penny away from every dollar that is being spent in
this country and take a look at what that does
over time and how it reduces our budget deficits and
gets us onto a path of fyscal sanity. And he
(18:33):
can't he can't get enough Republicans to sign off on
that one penny. Right now, you've got the Speaker of
the House Mike Johnson and John Thune, and the President
of the United States Donald Trump, pushing for another continuing
resolution to keep the gunment open. Really, you guys are
(18:54):
so full of crap, it's not funny. Back in December,
back in December of this past year, same continuing resolution
under Biden, Republicans didn't want to sign off on it.
Four months later, they signed off on it. Four months later,
they want to do another one, Go go back, go
to the as they said and it's work. Go to
the videotape, go go watching what they said. Oh, I'll
(19:17):
never sign off on a continued resolution or no more
of these short term spending bills.
Speaker 2 (19:23):
Are they doing anything to cut spending at all? Zip? Zero, zilch.
Speaker 3 (19:32):
You want to You want to make housing affordable here
in the United States, First and foremost, we have to
stop doing that. We have to stop printing money. We
also have to end the nonsense that takes place at
the Federal Reserve when it comes to interest rate suppression.
And we got to cut it out with the mortgage
backed security buying. That's nonsensical. Another one, Fanny and Freddy
(19:58):
need to go. I don't anyone they want to tout
taking Trump wants to take Fanny and Freddie public. It's
gonna be a big hullablu ipo.
Speaker 2 (20:07):
Nope, nope.
Speaker 3 (20:08):
Stop subsidizing housing. Okay, guess what. How about this fifty
percent sales tax on all corporate home buyers.
Speaker 2 (20:20):
How about this too?
Speaker 3 (20:21):
No more welfare for rich people, no more insurance subsidization.
Speaker 2 (20:25):
Oh, I can go on.
Speaker 3 (20:28):
Watchdog on Wallstreet dot Com, Watchdog on Wallstreet dot Com.
Speaker 2 (20:31):
We'll be back.
Speaker 1 (20:37):
You're listening to the Watchdog on Wall Street, the only
(21:01):
man who is taking on the Walls Street establishment. You're
listening to the Watchdog and Wall Street with Chris Markowski.
Speaker 3 (21:09):
Welcome back everybody. Yeah, you know, we had a little
short segment there. It's three more things, three more things,
so we could completely knock down home values here, be fantastic,
open up the real estate market. Let younger people get
a part of that. He hasn't been that song by
John Cougar Mellencamp. I don't even think he was John
(21:30):
Cougar Mellencamp. We think it was just John Cougar back then.
Pink houses, little pink houses for.
Speaker 2 (21:37):
You and me.
Speaker 3 (21:37):
Yeah, you know, so everybody can have the opportunity to
buy a home one of the things you can do.
And again the real estate lobby hates this, of course,
because it allows them to sell houses at an inflated price.
Is no more welfare for rich people, which is flood insurance,
government subsidized flood insurance. If you can afford to live
(22:00):
on the water, pay your own dam insurance.
Speaker 2 (22:03):
Just that simple. How does it make call it? Housing
prices go up?
Speaker 3 (22:07):
Well, you know, if insurance is very expensive because you
got to live on the water, guess what, Well, it's all,
it's all a simple mathematical equation of what one could afford.
Speaker 2 (22:19):
And guess what that would have to drive the price
of the home down. If that home insurance is up
because you.
Speaker 3 (22:23):
Want to live on the water, why in the world
should your fellow taxpayer subsidize your.
Speaker 2 (22:29):
Beach front buddy property.
Speaker 3 (22:31):
It is the biggest bunch of bs going pay it yourself?
Speaker 2 (22:35):
Okay, how about it be a man pay your own bills.
Speaker 3 (22:42):
Property tax reform, Property tax reform again, owner occupied homes,
no property taxes. And this is one of the greatest,
greatest scams in our country. There's so many things out there.
I got to call it that. You know, it wasn't
my fraise was Donald Luskin's phrase, conspiracy to keep people
(23:02):
poor and stupid.
Speaker 2 (23:05):
I own my house, now I don't.
Speaker 3 (23:09):
I may have paid for my house, I may live
in my house, but I don't own my house.
Speaker 2 (23:17):
All I own is land usage rights. That's it. That's
all I have.
Speaker 3 (23:24):
I paid for the right to live in that house,
that's it, and use the land. That's all I did.
And that's all anybody will ever do in this country.
Why because you're a peasant, you're a serf. Okay, we
all live on the lord's manor. Who's the lord? Yeah,
your local municipality, they're the king. It's so different than
(23:45):
the feudal system. For crying out loud, we're peasants. What
happens if you don't pay.
Speaker 2 (23:50):
Your property taxes? What happens? You lose your house?
Speaker 3 (23:56):
Same thing, right, you don't own it if they could
take it away from you if you don't pay them every.
Speaker 2 (24:02):
Single year, do you really own it? No, you don't.
Speaker 3 (24:06):
Okay again, property tax for owner occupied homes, no property taxes.
And one more, And Marjorie Taylor Green's been pushing this,
and I think it's a great idea. No capital gains
taxes when people sell their homes.
Speaker 2 (24:22):
Anyway, moving on.
Speaker 3 (24:24):
This by Trump this past week, I loved this is
something we have been pushing for for some time. I
think that this is a great idea. This is a
step in the right direction. Trump has called for ending
quarterly earnings reports.
Speaker 2 (24:42):
Now I hope it goes somewhere.
Speaker 3 (24:45):
Reason why I don't think it's going to go anywhere
is the big banks in Wall Street and the trading
houses are not going to.
Speaker 2 (24:51):
Be happy about this.
Speaker 3 (24:53):
They have a lot of algorithmic trading. There's a lot
of kids out there messing around on rowihood that are
looking to trade next quarters earnings and try to play
that stuff. And a lot of money is made when
you turn Wall Street into a casino. President Trump said
companies should no longer be required to report their earnings
(25:14):
on a quarterly basis, a move that would upend the
way companies have shared their financial results with investors for
half a century. He said that company should report their
earnings every six months. Again, I don't think it needs
to be six months once a year as far as
I'm concerned, but okay, six months is a step in
the right direction. He said this will save money and
(25:34):
allow managers to focus on properly running their companies.
Speaker 2 (25:38):
He's not wrong, He's not wrong.
Speaker 3 (25:43):
And again we can we could go even further when
it comes to managers managing the stock price rather than
managing their company. There's been countless examples and the destruction
of companies based behind that that compensation. But again, I
totally agree with this. It is completely nonsensical. I don't
(26:08):
have a publicly traded company. We would never never again
where profession profession should never trade publicly, would never do that.
Imagine having a file the amount of money you gotta
spend just to file all of those bloody reports and
everything with the SEC every single quarter.
Speaker 2 (26:28):
For what.
Speaker 3 (26:29):
They've made it more and more difficult with everything you
gotta do. And you want to know, want what's happened?
There was more than double There was more than twice
the amount of publicly traded companies in the nineteen nineties
in there word today and again they had to report
quarter lease back then. But with Dodd, Frank Sarbainslacksley, all
the regulations that they put on.
Speaker 2 (26:50):
We told you this was going to happen.
Speaker 3 (26:52):
And this is why you have so many private companies,
and these private equity firms own by a lot of
really really rich pe well that love to ladder this
stuff up.
Speaker 2 (27:02):
Eventually when they go public, when.
Speaker 3 (27:03):
Are they sending them selling them to the general public
at an absolutely ridiculous valuation?
Speaker 2 (27:09):
And you become the greater fool. Gotta take a break.
Speaker 3 (27:13):
Watchdog on Wall Street dot com, Watchdog on Wallstreet dot
com again become a part of our family. To Markowski Investments, family,
Watchdog on Wallstreet dot com, our personal CFO program, our podcast, newsletter,
all sorts of great stuff Watchdog on Wallstreet dot com
or give us a call.
Speaker 2 (27:30):
He one hundred four seven one fifty nine eighty four
passion sense.
Speaker 1 (27:49):
You should believe in math not magic. You're listening to
the Watchdog on Wall Street with Chris Markowski.
Speaker 2 (28:01):
I mentioned that.
Speaker 3 (28:04):
Continuing a resolution that you know they're pushing for right now,
Republicans are pushing for. And again, you know song comes
to mind, the Who Who won't get fooled again? And
I thought about it this past week, and the Who's
back on tour, The Who is back on tour, The
(28:25):
Stones are back on tour. I remember in nineteen eighty
nine clamoring to go see The Who and the Rolling Stones,
thinking that they would never tour again.
Speaker 2 (28:37):
Yeah, I guess I got fooled back then.
Speaker 3 (28:38):
But anyway, Yeah, we're all getting fooled by these Republicans
that claim to give a darn about government spending when.
Speaker 2 (28:45):
They obviously don't.
Speaker 3 (28:45):
Anyway, anyway, Scott Messing a guy drives me crazy. He does. Yeah,
I gotta add to him. He has no problem going
on programs on a regular basis. But again, every single
time everything I watch them say things on these programs
and I'm like, come on again, Oh, Michael Corleoni, you know,
(29:10):
don't insult my intelligence.
Speaker 2 (29:12):
It makes me very angry.
Speaker 3 (29:15):
So Scott Bessett is being interviewed on CNBC this past week,
and you.
Speaker 2 (29:20):
Know, I my and I said this before I give
you my opinion.
Speaker 3 (29:24):
I think that, you know, squawk Box is probably the
best news program anywhere as far as I'm concerned, and
they do a pretty good job. But even those guys,
those guys you know, Becky, Joe and Andrew that that
host the program, when they have certain guests on, they
don't push hard enough. Okay for example, for example, and honestly,
(29:47):
Joe Kernan knows better than this. Scott Besnant comes on
and he's saying that tariffs are helping us pay down
the debt. We're gonna be paying down the debt. We're
collecting all this money.
Speaker 2 (30:00):
Okay, Okay, Scott, how come? Simple question?
Speaker 3 (30:04):
If he said that to me, how is it that
we've added close to two trillion dollars to the national
debt since Liberation Day? Explain that to me? Okay, if
this is going to help you pay down the debt.
We're nowhere near paying down any debt. In order to
(30:24):
pay down debt, we'd actually have to balance the budget.
Speaker 2 (30:28):
We ran what a six hundred and thirty five, six
hundred and.
Speaker 3 (30:32):
Forty billion dollar budget deficit last month? You know, when
are we not running a budget? How do you pay
down debt? If you're going backwards? How do you pay
down debt? Oh, we're collecting tariffs. Oh, we took two
steps forward, up, We're going to take five steps backward.
Speaker 2 (30:52):
How does that work?
Speaker 3 (30:53):
Scott?
Speaker 2 (30:56):
I mean, you say these things on air and again
it makes.
Speaker 3 (30:58):
Me want to pull my hair out for crying out loud.
It's completely nonsensical. At some point in time, we have
to have some sort of fiscal sanity. No, no, tariffs
are not gonna help us pay down any debt. They're
(31:19):
not gonna close any budget deficits. If that was the case,
it would be happening man.
Speaker 2 (31:27):
Anyway.
Speaker 3 (31:28):
Again, Yeah, I'm sorry, I get hot and bothered, but
you know what does happen to me when they insult
my intelligence?
Speaker 2 (31:35):
Watchdog on Wallstreet dot com.
Speaker 3 (31:37):
Watch Dog on Wallstreet dot Com again, Our site, Personal
CFO program, podcast, newsletter, we'll be.
Speaker 1 (31:43):
Back bringing America financial freedom one listener at a time.
You're listening to The Watchdog on Wall Street with Chris Markowski.
Speaker 2 (32:10):
Welcome back.
Speaker 3 (32:11):
I made a note to myself when I was going
off on the insurance the needle nosed ned Ryerson's out there.
Speaker 2 (32:19):
Feel feel connors, you need a newities. We're going to
sell me. Oh my god, your money's safe?
Speaker 3 (32:26):
Oh say buddy, investor, you want to do the stock market?
God help me anyway. I made a note to bring
this up to counter that moronic argument.
Speaker 2 (32:42):
S and p.
Speaker 3 (32:42):
Five hundred. These these are, Yeah, you know what I
gonna do. I'm gonna go back to nineteen forty nine.
How's that sound?
Speaker 2 (32:49):
S and P. Five hundred.
Speaker 3 (32:51):
One year total returns following following bear market closing lows
go back to nineteen forty nine sixty percent to the upside,
nineteen fifty seven thirty six percent to the upside, nineteen
sixty two thirty seven percent to the upside, nineteen sixty
six thirty eight percent to the upside, nineteen seventy forty
(33:13):
nine percent to the upside, seventy four forty four percent
to the upside, ah eighty two sixty six percent to
the upside, eighty seven twenty seven percent to the upside,
nineteen ninety thirty four percent to the upside, ninety eight
forty percent to the upside, two thousand and two, thirty
six percent to the upside, two thousand and nine seventy
(33:33):
two percent to.
Speaker 2 (33:35):
The up side.
Speaker 3 (33:37):
That that was a big one for us at Markowski Investments.
The entire world was telling you that the sky is
going to fall, the world was going to end. We
were buy, buy, buy, take advantage high quality companies. You're
(33:58):
never You're not going to see stuff this it's gonna
it's just not. It doesn't happen that often. Greatest opportunity going.
Speaker 2 (34:05):
No, you don't know what you're talking about. I'm gonna
buy an annuity. I'm gonna buy coins.
Speaker 3 (34:09):
Yeah, seventy two percent, twenty twenty seventy eight percent, twenty
twenty two, twenty four percent, and twenty twenty five. This
past year thirty three percent. Yeah, we hit a bear
market this year, it's up thirty three percent since then. Again,
(34:29):
those are the numbers, and this is why if you
have your portfolio managed properly and your dollar cost averaging
and over time you're trimming profits and companies that have
done very well, positions that have done very well, Rotating
assets into areas that haven't done as well but are
(34:50):
still high quality companies great value there. It works, It works,
It always will work because it always has worked.
Speaker 2 (35:02):
That's what you need to do.
Speaker 3 (35:04):
You don't look for shortcuts, you don't look for gimmicks,
you don't do anything else. You just do what is right.
We didn't invent this stuff. Okay, we don't have a
magic algorithm. Everything we do at Markowski Investments is done
has been done by the best.
Speaker 2 (35:20):
Money managers throughout history. It's just that simple. We don't
go into fans, we don't go into nonsense or anything
like that.
Speaker 3 (35:28):
It has to make sense. You cannot let risk lead
to ruin. And on the other hand, you can't bury
your money in a can in a backyard, which is
basically what you're doing if you buy an annuity for
crying out loud anyway, anyway, there's that song by the
(35:49):
Police canarry the coal mine.
Speaker 2 (35:51):
I got a canary in a coal mine for you. Yeah,
we're watching this.
Speaker 3 (35:56):
Unrealized losses on investment securities for US banks reached three
hundred and ninety five billion dollars in the second quarter
of this year.
Speaker 2 (36:08):
Let me put that in perspective.
Speaker 3 (36:09):
That is six times higher than at the peak of
the two thousand and eight financial crisis. This is the
thirteenth consecutive quarter of losses.
Speaker 2 (36:21):
Now you think that these banks.
Speaker 3 (36:25):
Are going to be able to, you know, jigger the
way out of this because the FED lowered interest rates
by a quarter point. The number of banks on the
FDIIC Problem Bank list reached fifty nine in the second
quarter of this year. That's one point three percent of
the aggregate. Again, this is another watchdog on Wall Street.
(36:46):
See I told you so a moment we told you
something wicked this way comes. When it comes to commercial
real estate, they can you know, they can extend and
pretend as long as they can, but again, eventually they're
going to have to face the music, unless, of course,
(37:08):
magically mortgage rates go back down a two and a
half percent. A lot of trouble out there, a lot
of trouble out there, and again let it collapse. Last
thing I want to see happen is a government which
means we the taxpayers, having to prop up these banks.
Speaker 2 (37:28):
I'm so sick and tired of having to do this.
Speaker 3 (37:30):
We just had to do it again a couple of
years ago with Silicon Valley Bank and was it Horizon
and it was Republic And it stinks.
Speaker 2 (37:41):
You know what benefits you know, I'm JP Morgan. You
know they're licking their chops with these numbers. They love this.
Speaker 3 (37:48):
They love this because they're just going to end up
acquiring all of these financial institutions for nothing with the
support of the taxpayer, which is pathetic and sad. But
again this is part of the problem. Price discovery is
always important. Price discovery is what you need.
Speaker 2 (38:06):
To have happen.
Speaker 3 (38:08):
There's nothing wrong with things coming down and actually begetting
their true valuation. Again, I talk about, you know, people
who make sense when it comes to money. Benjamin Graham,
the Intelligent Investors. I was Warren Buffett's teacher. Everything has simple,
Everything has an intrinsic value. Sometimes things are below they're
(38:28):
intrinsic value, Sometimes they're above their intrinsic value. What do
you think the intrinsic value is of all of this
commercial space, office space, retail space, all across the country,
based upon where we are at as a country and
a society. I can't tell you how many things I
needed to buy this past week. I didn't leave my
(38:50):
house for them. Amazon delivered them to my door. That's
a reality. Amazon's not going anywhere.
Speaker 2 (39:00):
Anyway.
Speaker 3 (39:01):
Gotta take it another the break Watchdog on Wallstreet dot com.
Watchdog on wallstreet dot com is our site again. Become
a part of the Markowski Investments family of personal CFO program, podcast, newsletter,
all sorts of great stuff Watchdog on wallstreet dot com.
Speaker 2 (39:17):
We'll be back.
Speaker 1 (39:24):
Chris Markowski is the Watchdog on Wall Street.
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