November 14, 2024 • 8 mins
Is Trump Playing the Long Game?? www.watchdogonwallstreet.com
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Why get all your holiday decorations delivered through instacart Because
maybe you only bought two wreaths but you have twelve windows,
Or maybe your toddler got very eager with the advent calendar,
or maybe the inflatable snowman didn't make it through the snowstorm,
or maybe the twinkle lights aren't twinkling. Whatever the reason,
this season, Instacart's here for hosts and their whole holiday hall.
(00:22):
Get decorations from the home depots, CBS and more through
instacart and enjoy free delivery on your first three orders.
Service fees in terms apply.
Speaker 2 (00:30):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it will have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 3 (00:46):
Strum playing a long game, um see playing a much deeper,
more phe complicated game for three D chess if you
will right now against the eat the pundits, the economists
out there in many respects, I think. So yesterday we
(01:06):
talked a little bit about storms ahead and the economic
numbers that have been coming out that well, we've been
lied to gas slided with all the nonsense they've been
put out, they haven't been good and we're probably in
a bit of a recession right now. Most certainly would
be in a recession if it wasn't for all the
government hires and government spending that has take place. But
I'm going to go over some things that he's going
(01:29):
to do and how they're being portrayed in the media,
and how quite frankly, I think they're going to work
out for the best. A portfolio manager actually is chief
investment officer Equities over at Federated. I used to have
him on the show a lot, Stephen Off back in
(01:49):
the day. This is back when we first started the
radio show back in two thousand. He's still working over there,
and I read some of his pieces and I laughed.
Today he said it over and I was like, yeah,
it sounds like you're plagiarizing my podcast. Many of the
ideas and things that we're putting forward. First and foremost,
we talk a little bit about the twenty seventeen tax
(02:11):
cuts and having them extended, and then not to mention it,
maybe adding to them as well. Now again, I don't
know what's going to go through you know, no taxes
on tips, no taxes on this. We'll see. Okay, everything's
a bit of a negotiation. But the CBO was wrong.
(02:35):
The CBO back in twenty seventeen said that Trump tax
cuts are going to be disastrous for revenue, and they're
collecting more, much more than the CBO had thought at
that point in time. Again, you ask anybody that has
actually had a job in the real world that's had
(02:55):
to sign the front of a check, people that actually
have to put their money at risk. The after tax
returns on anything, any investment project at all works out
much much better when you have a lower tax rate. Okay,
the then people want to invest more, they want to
(03:17):
spend more. That leads to what a higher GDP, which
then leads to higher tax revenues, a larger tax space.
R also employing more people as well, which is helpful.
So again all of the dire warnings from the CBO
back in that they were wrong, we're wrong. In fact,
(03:39):
Stephen puts out his piece twenty twenty three, revenues again,
we're two hundred and seventy five billion higher, two hundred
and seventy five billion higher than what the CBO had calculated,
and it's dealing with COVID over that period of time.
For crying out loud again, in my humble opinion, Okay,
(04:06):
we get various different things are gonna take place, and
we'll get into more of them. We could get back
to that type of economic growth that's not one and
a half two percent GDP. It could be much much higher. Tariffs.
I to this day, I find it hard to believe.
I do find it hard to believe that Trump is
(04:26):
going to put these sweeping tariffs on everything. I really
don't think that. I think that this is a negotiating
tactic and I think it's going to be beneficial. But
I also do think that many companies are going to say,
hmm hmm, you know, maybe just maybe we should rethink
that plant over in China or Vietnam, whatever it may be,
(04:47):
maybe we should do it in the United States. Now, granted,
we're never going to go back in time. We're never
going to go back in time with the met factories
everywhere in the United States like it was in the thirties, forties, fifties,
and sixties. That's not going to happen. However, higher end
items most certainly can come back here to the United
(05:08):
States without a doubt. I've talked about that for years
here on the program. We need to have that made
in America label, well it means something, but actually utilize
it to some degree. Several weeks ago on the program,
they I did the story about toasters and how you know, oh,
(05:30):
you know, we're gonna put tariffs on this, and you know, listen,
you know we're not going to bring toasters, not gonna
start making toasters back here in the United States unless
it's a high end toaster. As if they make you know,
toasters in Italy too, they're just three hundred bucks and
that's not for everybody. But anyway, I do think it's
going to be God willing. It better be a negotiating
(05:53):
tactic and we'll see where that turns out. Something to
be said for peace dividend. We spend close to two
hundred billion dollars right now in Ukraine and the Middle
East two one hundred billion dollars. And again, unless your
defense contract, you're basically flushing money down the toilet. Okay,
(06:15):
it's a significant sum of money. Two proxy wars end
those bring more people home again, win win for the
overall economy. Deregulation. This makes our economy more efficient, it
makes it more productive. And I'd give you example all
(06:37):
the regulations that were put into place and the things
that Obama did. Prior to Obama. Normally, when when the
United States came out of a recession or flowing period
here in the United States, you would see the economy
boom boom again. Obama and Buying thought it was going
to happen. They did. I thought it was an automatic.
(07:00):
Were you know, so smart that they thought, oh, man,
all the stuff that we're doing, it's going to even
be better. Do you remember Joe Biden going around and
you know, it's recovery summers. Recovery summer. Remember remember Obama
put them in charge of the American Recovery and Reinvestment Act. Well,
the whole thing fell flat on its face and we
(07:20):
didn't have any growth. We had more government involvement, and
again we didn't bounce back. And eventually Obama threw it
a towel and said, oh, you know, those days of
high economic growth are over for the United States. Yeah,
they're over. When we live in a big government, nanny
state again, smaller, smaller federal government. We got to what
(07:41):
twenty four million. Off points this out. I haven't even
pointed this one out yet, so I might even think
about this. Twenty four million federal workers, Well, you know
what forced them into the private sector. That's right, you're fired.
You're fired, You're fired, you're fired. Oh I got labor shortages. Hey,
well you know, here we go. You want twelve million workers. There,
there you go, get rid of twelve million federal workers.
(08:03):
Make them go work in the private sector. Border border, again,
an organized border, not anarchy at the border, is a
long time, long term win for the United States, without
a doubt. So again, these are all things, long game
(08:24):
type things that the Trump administration is looking to enact,
and I do find it really, quite frankly fascinating. You
continue to watch the people on the news and the
pundits and the economists and all those out there. They
haven't really been able to attack any of Trump's policies.
It's all hyperbole, it's nonsense, it's outside, it's threat to democracy.
(08:48):
It's still they're plulling the same thing Trump has been
putting out day after day after day, one idea after
another idea, and quite frankly, they're all positive things. The
things you really can't hoopooh, the things that the American
people want to have happen. And you know what, they're
not expensive. They're not going to cost us money. They're
going to grow the economy and quite frankly, elon vivek,
(09:11):
you put them to work, they're gonna end up saving
us money. Watchdog on Wall street dot com.
Speaker 4 (09:17):
The holidays are all about sharing with family, meals, couches, stories,
gramma secret pecan pie recipe, and now you can also
share a cart with insta Cart's family carts. Everyone can
add what they want to one group cart from wherever
they are, so you don't have to go from room
to room to find out who wants cranberry sauce, or
who should get many marshmallows for the ams, or collecting
votes for sugar cookies versus shortbread. Just share a cart
(09:39):
and then share the meals and the moments. Download the
instacart app and get delivery in as fast as thirty minutes.
Plus enjoy free delivery on your first three orders. Service
fees and terms apply.
Speaker 1 (09:48):
Why get all your holiday decorations delivered through instacart because
maybe you only bought two wreaths, but you have twelve windows.
Or maybe your toddler got very eager with the advent calendar.
Or maybe the inflatable snowman didn't make it through the snowstorm,
or maybe the twinkle lights aren't twinkling. Whatever the reason,
this season, Instacart's here for hosts and their whole holiday hall.
(10:10):
Get decorations from the home depot, cvs and more through instacart,
and enjoy free delivery on your first three orders. Service
fees in terms apply
Why get all your holiday decorations delivered through instacart Because
maybe you only bought two wreaths but you have twelve windows,
Or maybe your toddler got very eager with the advent calendar,
or maybe the inflatable snowman didn't make it through the snowstorm,
or maybe the twinkle lights aren't twinkling. Whatever the reason,
this season, Instacart's here for hosts and their whole holiday hall.
(00:22):
Get decorations from the home depots, CBS and more through
instacart and enjoy free delivery on your first three orders.
Service fees in terms apply.
Speaker 2 (00:30):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it will have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 3 (00:46):
Strum playing a long game, um see playing a much deeper,
more phe complicated game for three D chess if you
will right now against the eat the pundits, the economists
out there in many respects, I think. So yesterday we
(01:06):
talked a little bit about storms ahead and the economic
numbers that have been coming out that well, we've been
lied to gas slided with all the nonsense they've been
put out, they haven't been good and we're probably in
a bit of a recession right now. Most certainly would
be in a recession if it wasn't for all the
government hires and government spending that has take place. But
I'm going to go over some things that he's going
(01:29):
to do and how they're being portrayed in the media,
and how quite frankly, I think they're going to work
out for the best. A portfolio manager actually is chief
investment officer Equities over at Federated. I used to have
him on the show a lot, Stephen Off back in
(01:49):
the day. This is back when we first started the
radio show back in two thousand. He's still working over there,
and I read some of his pieces and I laughed.
Today he said it over and I was like, yeah,
it sounds like you're plagiarizing my podcast. Many of the
ideas and things that we're putting forward. First and foremost,
we talk a little bit about the twenty seventeen tax
(02:11):
cuts and having them extended, and then not to mention it,
maybe adding to them as well. Now again, I don't
know what's going to go through you know, no taxes
on tips, no taxes on this. We'll see. Okay, everything's
a bit of a negotiation. But the CBO was wrong.
(02:35):
The CBO back in twenty seventeen said that Trump tax
cuts are going to be disastrous for revenue, and they're
collecting more, much more than the CBO had thought at
that point in time. Again, you ask anybody that has
actually had a job in the real world that's had
(02:55):
to sign the front of a check, people that actually
have to put their money at risk. The after tax
returns on anything, any investment project at all works out
much much better when you have a lower tax rate. Okay,
the then people want to invest more, they want to
(03:17):
spend more. That leads to what a higher GDP, which
then leads to higher tax revenues, a larger tax space.
R also employing more people as well, which is helpful.
So again all of the dire warnings from the CBO
back in that they were wrong, we're wrong. In fact,
(03:39):
Stephen puts out his piece twenty twenty three, revenues again,
we're two hundred and seventy five billion higher, two hundred
and seventy five billion higher than what the CBO had calculated,
and it's dealing with COVID over that period of time.
For crying out loud again, in my humble opinion, Okay,
(04:06):
we get various different things are gonna take place, and
we'll get into more of them. We could get back
to that type of economic growth that's not one and
a half two percent GDP. It could be much much higher. Tariffs.
I to this day, I find it hard to believe.
I do find it hard to believe that Trump is
(04:26):
going to put these sweeping tariffs on everything. I really
don't think that. I think that this is a negotiating
tactic and I think it's going to be beneficial. But
I also do think that many companies are going to say,
hmm hmm, you know, maybe just maybe we should rethink
that plant over in China or Vietnam, whatever it may be,
(04:47):
maybe we should do it in the United States. Now, granted,
we're never going to go back in time. We're never
going to go back in time with the met factories
everywhere in the United States like it was in the thirties, forties, fifties,
and sixties. That's not going to happen. However, higher end
items most certainly can come back here to the United
(05:08):
States without a doubt. I've talked about that for years
here on the program. We need to have that made
in America label, well it means something, but actually utilize
it to some degree. Several weeks ago on the program,
they I did the story about toasters and how you know, oh,
(05:30):
you know, we're gonna put tariffs on this, and you know, listen,
you know we're not going to bring toasters, not gonna
start making toasters back here in the United States unless
it's a high end toaster. As if they make you know,
toasters in Italy too, they're just three hundred bucks and
that's not for everybody. But anyway, I do think it's
going to be God willing. It better be a negotiating
(05:53):
tactic and we'll see where that turns out. Something to
be said for peace dividend. We spend close to two
hundred billion dollars right now in Ukraine and the Middle
East two one hundred billion dollars. And again, unless your
defense contract, you're basically flushing money down the toilet. Okay,
(06:15):
it's a significant sum of money. Two proxy wars end
those bring more people home again, win win for the
overall economy. Deregulation. This makes our economy more efficient, it
makes it more productive. And I'd give you example all
(06:37):
the regulations that were put into place and the things
that Obama did. Prior to Obama. Normally, when when the
United States came out of a recession or flowing period
here in the United States, you would see the economy
boom boom again. Obama and Buying thought it was going
to happen. They did. I thought it was an automatic.
(07:00):
Were you know, so smart that they thought, oh, man,
all the stuff that we're doing, it's going to even
be better. Do you remember Joe Biden going around and
you know, it's recovery summers. Recovery summer. Remember remember Obama
put them in charge of the American Recovery and Reinvestment Act. Well,
the whole thing fell flat on its face and we
(07:20):
didn't have any growth. We had more government involvement, and
again we didn't bounce back. And eventually Obama threw it
a towel and said, oh, you know, those days of
high economic growth are over for the United States. Yeah,
they're over. When we live in a big government, nanny
state again, smaller, smaller federal government. We got to what
(07:41):
twenty four million. Off points this out. I haven't even
pointed this one out yet, so I might even think
about this. Twenty four million federal workers, Well, you know
what forced them into the private sector. That's right, you're fired.
You're fired, You're fired, you're fired. Oh I got labor shortages. Hey,
well you know, here we go. You want twelve million workers. There,
there you go, get rid of twelve million federal workers.
(08:03):
Make them go work in the private sector. Border border, again,
an organized border, not anarchy at the border, is a
long time, long term win for the United States, without
a doubt. So again, these are all things, long game
(08:24):
type things that the Trump administration is looking to enact,
and I do find it really, quite frankly fascinating. You
continue to watch the people on the news and the
pundits and the economists and all those out there. They
haven't really been able to attack any of Trump's policies.
It's all hyperbole, it's nonsense, it's outside, it's threat to democracy.
(08:48):
It's still they're plulling the same thing Trump has been
putting out day after day after day, one idea after
another idea, and quite frankly, they're all positive things. The
things you really can't hoopooh, the things that the American
people want to have happen. And you know what, they're
not expensive. They're not going to cost us money. They're
going to grow the economy and quite frankly, elon vivek,
(09:11):
you put them to work, they're gonna end up saving
us money. Watchdog on Wall street dot com.
Speaker 4 (09:17):
The holidays are all about sharing with family, meals, couches, stories,
gramma secret pecan pie recipe, and now you can also
share a cart with insta Cart's family carts. Everyone can
add what they want to one group cart from wherever
they are, so you don't have to go from room
to room to find out who wants cranberry sauce, or
who should get many marshmallows for the ams, or collecting
votes for sugar cookies versus shortbread. Just share a cart
(09:39):
and then share the meals and the moments. Download the
instacart app and get delivery in as fast as thirty minutes.
Plus enjoy free delivery on your first three orders. Service
fees and terms apply.
Speaker 1 (09:48):
Why get all your holiday decorations delivered through instacart because
maybe you only bought two wreaths, but you have twelve windows.
Or maybe your toddler got very eager with the advent calendar.
Or maybe the inflatable snowman didn't make it through the snowstorm,
or maybe the twinkle lights aren't twinkling. Whatever the reason,
this season, Instacart's here for hosts and their whole holiday hall.
(10:10):
Get decorations from the home depot, cvs and more through instacart,
and enjoy free delivery on your first three orders. Service
fees in terms apply
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