Episode Transcript
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Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
Trump, Russia, Europe, Ukraine, lots of meetings. What happened, Well,
we got lots of opinions, that's for sure. And if
you haven't noticed, depending on what media outlet you follow,
you're going to get some form of speculation. We don't
(00:37):
do that.
Speaker 3 (00:38):
Oh we had body language experts look at this and oh,
you know, uh, Levitt came out and she looked like
scared or there was a problem there, and oh, the
Trump lunch was canceled?
Speaker 2 (00:51):
What does that mean? And again it's you. It's like
watching people analyzing, like, you know, the the injury report
before a football game. They don't know crap, they don't.
But again, they're there to come up with ideas and
(01:12):
opinions that they can talk about on TV. So maybe
you will tune in and watch. Don't do that, don't
do that. Listen. I don't know, I don't know. I
don't know what took place at any of those meetings.
I haven't gotten a transcript of what's going on. What
I do know is that every day I pray that
(01:35):
the war will end, that the killing will stop. That's
what I know. That's what I know. That's all I
can report on when it comes to these meetings at
this point in time. What I did see though, and
I'm going to report on something that nobody is reporting on.
When you got Donald Trump sitting sitting behind the desk,
(02:00):
sitting behind the desk in the Oval office, and man,
oh man, dude, I don't know, Miss Trump. I mean, honestly,
you need a better interior decorator. Man, I mean, it's
just like if you know, it's like your interior decorator
was like a cross between I don't know, Saddam Hussein
and Liberaci. What did you do?
Speaker 3 (02:21):
Man?
Speaker 2 (02:22):
Tone down the gold brother please? Anyway? Put that asigh?
Was Donald Trump sitting there, and you had europe like
sitting in like a semi circle, sitting in chairs around
the desk. The one Prime minister, the one European that
(02:43):
was there that I'm actually a big fan of, Georgia
Maloney from Italy. She's sitting there, lean back, arms crossed,
She's like whatever. The rest of them, the rest of
them not so much. What's interesting they had this meeting
is who wasn't there countries that actually are growing, Countries
(03:10):
that are actually growing, turning their economies around at this
point in time. Poland killing it. Poland killing it, which
also also happens to have one of the best special
forces in the entire world. US. Take a look at
how well their markets are doing. Even Greece, taking the
amount of money that they spend on their military. I
(03:31):
know that they're a small country, but you know, take
a look at their market over the course here, how
well have they done? Eastern Europe? You think Hungary, These
are the countries that, quite frankly, they're the ones that
are going to be most affected. Why are they not there, Oh,
it's the usual, it's it's the ones that are still
trying to stay relevant. Okay, you're talking France, you're talking
(03:55):
the UK, You're talking Germany. Okay, yeah, this Germany that
didn't have enough guns to train with the troops so
they had to use wooden replicas. Please, okay, cut it out.
It's nonsense. The UK, And the funny.
Speaker 3 (04:11):
Thing is is that.
Speaker 2 (04:14):
The UK actually thinks that they they actually think that
they matter. They actually think that they matter. This cure
starmer guy, I mean you voted for this guy. Your
country is in the toilet. You have people jumping ship.
We talked about this yesterday on the podcast. The amount
(04:35):
of wealthy people, millionaires that are they're leaving the country
like crazy. And where are they going that do to
go to Uaa, to go to the United States, are
going to Italy, They're going to Greece. They want out,
they don't want to be there. Germany, Oh yeah, we'll
shut down all of our nuclear power plants. We'll shut
(04:56):
down all of our nuclear power plants, and then we're
going to rely on rush for energy. And our energy
costs are through the roof. And you're a manufacturing economy,
and how are you going to be a manufacturing economy
if you don't have great energy prices? Well? France, France, Yeah,
they want to have a system. Want to put a
system in place in France where the government is going
(05:17):
to control is going to control your air conditioning? Yeah. Yeah,
they're telling people only one air conditioner in the house,
window air conditioner, and only air condition one room, and
don't air condition below seventy eight I mean, yeah, below
seventy eight degrees, it's twenty twenty five. Are you serious? Anyway? Anyway,
(05:43):
this is with people. This is the state of most
of Europe. Okay, they got nothing, but that's not true.
I shouldn't put it that way. Again. They got a
lot of artists and type of businesses there, which are great.
(06:03):
I've often described Europe as kind of like a Disney
World for adults. One big, huge museum. It's wonderful, it's beautiful,
great for tourism. But what exactly else do you do?
What else do you do? What do you what are
(06:24):
you your leading can you? Can you give me some
of your leading tech companies over there? Well you guys
doing anything when it comes to AI again, yeah, it's
sitting there. It made it perfectly clear. They were like,
you know, they were like the kids at daddy's desk,
(06:48):
and they know it. They don't like it, but they
know it. There was a story the other day America's
stock market dominance is an emergency for Europe. Some of
Europe's most notable companies are moving to the United States,
deepening the region's economic woes. The London Stock Exchange overhauled
the ceremony for welcoming new companies to its ranks last year,
(07:11):
adding confetti, cannons, slick videos and cinematic music. It has
mostly been used for such events as product launches and anniversaries.
So far this year, six companies have gone public in
the UK, raising two hundred and eight million dollars. We
(07:32):
bring in more money at Markowski Investments than that over
a short period of time. That's it. That's that's that's
your deal making in the UK. Wow.
Speaker 3 (07:48):
Wow.
Speaker 2 (07:51):
Initial public offerings in continent to Europe have been cut
in half, cut in half, been close. I mean again,
where are we here? In the United States? Over forty
billion so far this year? And not to mention some
of the companies the I want to call them tech stars,
(08:12):
you know, the Swedish buy now, pay later company And
I don't like this company at all. I don't like
what it stands for. Klarna, we make fun of it
all the time. And British chip designer arm are they
are they listing over in Europe? Now they're they're listing
at the New York Stock Exchange.
Speaker 1 (08:30):
Again.
Speaker 2 (08:33):
However, I'm not spiking a football by any stretch the
imagination over this because guess what. Guess what, we're heading
in the same direction they are right now, and again
we have to be aware of that. Again, these are
(08:55):
these are the things that I come up again, I'm
not gonna spend I don't you know, Like I said,
I don't know what's gonna what happened in that meeting,
I don't know what. You know, Trump said, Okay, maybe
we're gonna have some you're gonna have a security guarantee,
maybe we're going to use our our you know, no
fly zone, whatever it may be. We're not going to
put troops there all that stuff. Again, I don't know,
because again it might change on any given day. But
(09:17):
what I saw there is basically the state of the world.
But as well, okay, you got to keep working to
stay on top. And when I see stories now where
it's as fewer young people are that are meeting five
milestones is typically associated with adulthood. Again, this doesn't surprise me.
(09:37):
More young adults between the ages twenty five and thirty
four facing economic barriers compared with previous generations changes in
milestones of adult Almost half of all adults in nineteen
seventy five had reached four milestones associated with adulthood, moving
out of one's parents home, getting a job, getting married,
(09:59):
and having child. Between the ages twenty five and thirty four,
that has changed dramatically, and again we've gotten quite expensive here.
We did untold damage to kids, telling him to go
out and borrow hundreds of thousands of dollars to get
an overpriced education without explaining them to the concept of
(10:20):
return on investment. This is stuff that we have to
work through, or maybe at some point in time we'll
be sitting around the resolute desk of I don't know
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