November 8, 2025 • 39 mins
In this episode of The Watchdog on Wall Street, Chris Markowski discusses the current financial landscape, focusing on the impact of private equity on advisory firms and the absurd valuations being placed on them. He transitions into a discussion about the recent political shifts and their implications for the economy, emphasizing the importance of understanding economic realities. The conversation then shifts to the job market, highlighting the challenges faced by young graduates and the rising costs of living. Markowski critiques the current government policies, arguing that they favor big businesses over small ones and discussing the implications of socialism and capitalism in today's society. Finally, he addresses the challenges in the real estate market, particularly the burden of property taxes and the rising delinquency rates in commercial mortgages.
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Episode Transcript
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Speaker 1 (00:06):
Well, no one altered investment banking, consumer advocate, analyst trainer
Chris Markowski 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.
Speaker 2 (00:27):
You can't handle the true.
Speaker 1 (00:30):
Bringing America the truth about what really happens in the
financial world.
Speaker 2 (00:34):
Ladies and gentlemen.
Speaker 3 (00:35):
We're not here to indulge in fantasy, but in political
and economic reality.
Speaker 1 (00:39):
This is the watchdog Wall Streets.
Speaker 3 (00:44):
All right, Yeah, we gotta get into the uh, we
gotta get into the terrain, the politics the election from
this past week. Before we do that, I got to
share with you one story, and it has to do
with what I warned everybody about last week on the
show and also on our podcast as well, the fact
(01:05):
that a lot of advisory firms out there, a lot
of advisory firms out there, are being bought up by
private equity at ridiculous valuations. Advisors are, like I said
Steve Miller's song, take the money and Run, Take the
money and run, because these valuations are obscene. They don't
(01:27):
make any sense. They're not based on any sort of reality.
And again we explain to you how private equity works
and how they're going to try to get their money out,
and eventually people are going to lose a lot of money.
Speaker 2 (01:40):
Investors are going to lose a lot of money.
Speaker 3 (01:42):
The only way, the only way that private equity is
going to be made whole on these investments, on those valuations,
is by really ripping off the clients.
Speaker 2 (01:52):
It's it. That's the only way. The numbers don't work.
They don't.
Speaker 3 (01:59):
And I will give you an exampull of this what
happened this past week. We have a staffer at Markowski
Investments that is solely looks at advisory firms that we
feel he feels can match with Markowski Investments, and we
bring them on and bring these advisors on and we've
(02:21):
always had our valuation that makes sense for us, and
again it makes sense just for our industry. So he
called my brother this past week and he said, you're
not going.
Speaker 2 (02:34):
To believe this.
Speaker 3 (02:36):
Let's see, you know the decent sized firm, you know,
much smaller than ours, so you know, billion dollar firm,
billion dollars under management, and it told him, I said, yeah,
you know, we'll sell, but we're not going to take anything.
Speaker 2 (02:51):
Less than twelve times twelve times earnings.
Speaker 3 (02:55):
And I mean, I'm saying to myself, are you kidney.
Speaker 2 (03:04):
In order to make There's just no way.
Speaker 3 (03:07):
There's no way, even if I was to really try
to rip off the entire client base to make the
money back. If I was evil, I f had an
ethical bypass at birth of evil, and I put them
all into some high commission annuity products. The math still
doesn't work. And that's what's taken place today. That's what's
(03:28):
happening today. And again, you're gonna see a lot a
lot of people, a lot of people doing with bad advisors.
Speaker 2 (03:37):
And our advice was last week.
Speaker 3 (03:38):
If your advisor, your advisor is looking to sell, telling
you is looking to retire, make sure you better make
darn well sure who he or she is doing business with.
That's all I'm saying. Anyway, anyway, let's get into it.
So the elephants got their risk kicked this past week. Wow, wow, Wow,
(04:04):
here you've been listening to this program. We told you
something wicked this way comes. We've been telling you this
since Liberation Day, that something wicked this way comes been
going on. Shouldn't be shocked, shouldn't be surprised. In fact,
(04:26):
you know, unless things changed drastically next next time around
midterms next year, it's gonna get much worse. It's gonna
get much much worse. Let's get into it. You know,
people are like, ahh, you know, how how could they
elect a socialist in New York City? How could this happen?
(04:49):
Oh my god? Did you see did you see that
the message of the tweet the guy was putting out
in Virginia? How do they via vote for somebody like that?
Speaker 2 (04:59):
Hear me out?
Speaker 3 (05:00):
Chris Rock great uh, great comedian, stand up comedian, had
an act was years and years and years ago, and
he was kind of uh he was talking about OJ
the O J. Simpson situation, and you know he's basically
talking about how this guy, this guy is living with
(05:20):
his ex wife and his at his house and his
uh you know, uh driving around in his ferrari, went
on all these various different things. And the joke was,
you know, he said a time its again And I'm
not saying he should have killed her, but I understand it. Okay,
if you don't understand, if you can't, if you can't
get your arms around, why man, ninety one in New
(05:44):
York and why it was a complete Republican wipeout, and
don't listen to the adults.
Speaker 2 (05:52):
Okay, because that's what they are, Okay, the mind.
Speaker 3 (05:55):
Numb robot adults on Fox News said blue states and
blue state. It wasn't just blue states, Okay, it wasn't.
It was in Mississippi, it was in Georgia, Okay, there was.
There was deep red areas and Virginia that went overwhelmingly
(06:16):
for the Donkeys. I wonder, why, what do you why
do you think? Why do you think that's the case. Huh, Well, again,
if you didn't see, if you haven't seen the exit
polls and what people are actually concerned about, it's the
(06:38):
economy stupid. That's James Carville's line. That's James Carville's line
when he managed Bill Clinton's campaign. It's the economy stupid.
That's what he said. Donald Trump won the election. Donald
Trump won the election. Yeah, people were concerned about immigration
(07:02):
and open borders. Absolutely, And I'm gonna give credit credits
to he's doing a hell of a good job with that,
doing a hell of a good job with that.
Speaker 2 (07:09):
That's fantastic. But guess what.
Speaker 3 (07:12):
We got to be able to walk and chew gum
at the same time. The reason why Donald Trump won
was because of the Biden economy and because of the
the inflationary environment that that we had to deal with,
and the fact that you know, they're buying power dropped
by twenty five percent in a very short period of time.
(07:32):
That's why he won. All right, let's let's let's take
a look right now. Okay's take a look right now,
shall we. This is and again I was actually shocked.
I was actually shocked that that Fox showed this poll
on air. This is this is basically, people are saying
(07:53):
seventy one percent are paying more for grocees.
Speaker 2 (07:56):
That's what people are saying.
Speaker 3 (07:57):
Seventy one percent of the people out there say they're
paying more for groceries this year than they were last year.
Fifty nine percent are paying more for there saying they
paying more for utilities healthcare. Forty three percent are saying
they're going to pay more and wait, wait, wait, wait,
they get the bill for next year. Housing thirty nine percent,
(08:17):
gas thirty seven percent, seventy five percent. Another fact, seventy
five percent of young people eighteen to thirty nine years
old say that the housing market is a major, serious issue.
They can't afford to buy a home. I want a
shocker here, get your arms around this, okay. The median age,
(08:45):
the median age for first time home buyers is forty.
Speaker 2 (08:51):
Forty.
Speaker 3 (08:54):
My dad was a school teacher. My dad was a
school teacher. Mom was stay at home when I was
a baby, stay at home when I was a baby.
My dad also after that, he's had his own janitorial
business as well, worked two jobs.
Speaker 2 (09:11):
They at their first home when were twenty five.
Speaker 3 (09:15):
The median median age first time forty years old.
Speaker 2 (09:23):
Oh oh, take take a look.
Speaker 3 (09:24):
Take a look at the ADP payroll numbers from this
past week. Sure you got some hiring to some degree
with large companies, small to mid sized companies, layoffs galore.
Look at the Challenger and Christmas Jobs report that came
out on Thursday. We have got the most job losses
(09:46):
in October that we've seen in twenty three years. This
is from major trucking company, Freight Waves. We should be worried.
Certain poor of the goods economy are collapsing right now.
Year over year, trucking volumes is down seventeen percent. When
(10:07):
you look at the industrial sectors. We're down thirty percent
year over year, which is great financial crisis levels of concern. Okay, people,
I've been saying this for some time. Okay, listen. Market's
doing fine, got a lot of money coming in from
(10:28):
all over the world.
Speaker 2 (10:29):
Most certainly.
Speaker 3 (10:30):
I've talked about this tech sector fantastic. And without the
tech sector, we would have negative growth. Without the tech sector,
we would have negative growth. And again we're not really
competing against me. The rest of the world is not
really doing much of anything outside of China, and get
people much rather invest in the United States than invest
(10:52):
in China, so that that's driving that aspect of the economy.
Speaker 2 (10:57):
And people that own things.
Speaker 3 (10:59):
I always thinking there was that scene where where Gordon
Gecko in the movie Wall Street was lecturing Bud Fox
about ownership and owning things. If you own, if you've
invested over time, and you've built up a portfolio, you
own a home, all these various different things, you're okay,
You're okay. My clients are doing very very well. See
(11:23):
the least, they're doing very very well. But if you
are that type of person that can only see what's
on your plate and not what's taking place for other
people all over the country. I'm sorry, you're gonna have
(11:43):
to reevaluate, gonna take a good hard look in the mirror,
and I strongly suggest going to mass this week. It
is very, very tough out there for many people. Fifty
eight percent, fifty eight percent of college grads over the
past year don't have a job.
Speaker 2 (12:07):
They don't have a job.
Speaker 3 (12:09):
I am so sick and tired of seeing Scott Besson.
Scott bessen't going on air tel. I'm talking about this
golden age.
Speaker 2 (12:19):
We're in a.
Speaker 3 (12:19):
Golden age, golden age, booming economy out there. Economy is booming,
jobs are up. Are you out of your mind? That
makes me even more upset. Stop lying to people, be
honest with them, Be honest. I mean it's embarrassing. You're
insulting people's intelligence. I voted for this president to help
(12:45):
get prices now prices aren't done. Bloody President of the
United States. And again this just shows you how pathetic
and sad the interviewers are. At Fox. Brett Bear opposed
a question to the President in regards as one of
his voters from North Carolina and talking about prices and
how prices are up. No, no, no, prices are not up. Oh,
prices are coming down. Prices are down, price down, And
(13:07):
he put out a tweet. President put out a tweet, Oh,
Walmart's Walmart's Thanksgiving basket from twenty twenty five is twenty
five percent twenty five percent less than it was in
twenty twenty four. The basket in twenty twenty four had
twenty one items, where this year's basket has fifteen items.
(13:31):
This year's basket is all generic Walmart products were last
year it was all brand name. Stop gaslighting people, Stop
lying to people.
Speaker 2 (13:45):
Things are not going swimmingly.
Speaker 3 (13:48):
You wonder why young people in mass are voting the
way that they're voting.
Speaker 2 (13:57):
We've talked about financial.
Speaker 3 (13:59):
Nihilism here on the program a lot quite often, and
their feelings put yourself in their position. They're watching the
president of the United States that is macking out the
White House, putting gold up everywhere. It's almost like he
had a seance with Liberaci for crying out loud and
(14:19):
decided we're gonna have Liberaci be the bloody uh you know,
designer for the White House.
Speaker 2 (14:23):
We're all his gold crap everywhere. You're putting up.
Speaker 3 (14:27):
This massive ballroom that ninety nine point nine nine percent
of the population is never gonna walk in oh hours.
The donors gave it to that. Well, you know that
that that's a little kind of shady too. You're flying
all over the gold Do you think somebody you think
some kid that's been trying to get a job for
the past couple of years to send it out hundreds
(14:48):
and hundreds of resumes is not getting anything back, paying
back a student law, all these various different things. Do
you think he gives a darn about you dancing on
a tarmac in Malaysia? Doesn't all of these things we
have been talking about here on the program, they are
not being dealt with.
Speaker 2 (15:11):
They're not talked about housing.
Speaker 3 (15:15):
Add nauseum here on the program and the things that
now we talk about them, but we talk about the
things that can help fix these problems. You get the
government shut down, they are Democrats are holding yeah they are.
Speaker 2 (15:30):
They are holding in hostage.
Speaker 3 (15:31):
Okay, but how come, how come this is a great
opportunity to dismantle Obamacare with it for the.
Speaker 2 (15:39):
Disaster that it is. And you got, you, Mike Johnson, here, we.
Speaker 3 (15:44):
Got we got proposals on my desk, what proposals? And
I said it last week. It's the you know, it's
got top men working on it right now. It's like
the top men working on the Arc of the Covenant
and Raiders of a Lost Ark, the top men working
on right now. You got nothing, just like yeah, had
nothing when McCain gave you the thumbs down.
Speaker 2 (16:04):
You don't think that will help Americas.
Speaker 3 (16:06):
You have ten thousand times better ideas coming out of
the state of Florida, out of the governor's state for
Ronda status than anything out of Donald.
Speaker 2 (16:16):
Trump's administration at this point in time.
Speaker 3 (16:18):
Ron de Santus wants to eliminate property taxes for owner
occupied homes. He's questioning all of this investment in these
data centers in regards to raising people's electricity prices and the.
Speaker 2 (16:32):
Usage of water. Oh, I can go on, and I.
Speaker 3 (16:36):
Want to put a constitutional amendment to balance the budget.
Wants to have term limits for members of Congress. What
do we got right now?
Speaker 2 (16:48):
Tariffs? Those tariffs helped count Ask question, how.
Speaker 3 (16:53):
Many people out there listening to this program right now?
Have the tariffs helped you? Oh, they've only made your
prices go up.
Speaker 2 (17:02):
We're bringing in all this money. Where all this money
old money? If we were bringing all this money.
Speaker 3 (17:07):
How come we were thirty seven trillion dollars in debt
two months ago and now we're thirty eight trillion dollars?
Where'd that money go? Just asking the inquiring minds want
to know? And I know, I said, because I go
off on these things and the equal Opportunity basher here
on the program. And I'm honest with everybody in regards
(17:29):
to who I voted. I voted for this president twice.
Was my first choice either time, but voted for him
both times. Are things better right now? As far as
the economy is concerned, Are things better? That's all that matters. Yeah,
you can point to the border and yeah, you know,
(17:51):
Trump can tee stars stop the war between ourmedia and
uh Azerbijan. That's great, that's great. Okay, that's fantastic. But
that that's what Marco Rubio's job. Okay, let the Secretary
of State. Let him handle all that. The most important thing.
It's kitchen table kitchen table issues. And unless the Republican
(18:17):
Party deals with this now, they're gonna get destroyed in
the midterms. Watchdog on Wall Street dot Com. Okay, I'm
not Mary Poppins, no spoonfulish you're gonna make the medicine
go down, you magot types. Okay, open your eyes. Put
pressure on them. They have to change their ways. Watchdog
(18:38):
on Wallstreet dot Com. That's Watchdog on Wallstreet dot Com.
Speaker 2 (18:41):
We'll be back.
Speaker 1 (18:45):
On Saturday. You're the steed to the watch Dog on
Wall Street.
Speaker 2 (19:11):
I gotta hear a guitar riff. There it is. It
should have been great song.
Speaker 3 (19:29):
It should have been Mamdami's campaign to money for nothing again,
that's socialist money for nothing. And that's what I was
thinking about this guy and the various different things that
he's proposing, nonsensical things. Quite frankly, the only way, the
only way he's going to get a lot of these
(19:49):
things done is he's got to go through almoney. The
thing that he has going for him is that the
current governor for in New York is up for reelection
next year, and the one running against her is much
further to the left than she is.
Speaker 2 (20:06):
So again, it could happen, could happen.
Speaker 3 (20:09):
She could end up raising taxes again in the state
of New York to an even greater degree. But you know,
I got another song for you. Got Exodus by Bob
Marley Movement of your people. Yeah, moving out of these
high tax states to other areas. We'll talk a little
bit about that when we get back. Watchdog on Wallstreet
(20:30):
dot com, Watchdog on Wallstreet dot Com, don't go anywhere.
Speaker 2 (20:34):
We shall return.
Speaker 1 (20:39):
Chris Markowski is the watchdog of Wall Street, the only
(21:00):
man who is taking on the Wall Street establishment. You're
listening to the watch Dog and Wall Street with Chris Markowski.
Speaker 3 (21:10):
Yeah, you know, as many people, many people are pulling
the popeye. That's all they can stands stands no more.
And real estate agents phones are ringing in Florida and
also you know, the suburbs of New York City, Fairfield, Connecticut, Greenwich,
Westchester County, Palm Beach, down here in Florida, Naples, and yeah,
(21:32):
you're going to see people say that's it. You know,
I can't deal with this nonsense. Also as well, I'm hearing,
you know what, the first monitors hearing that. Police officers
are that that's it too. They're not going to deal
with this nonsense. Again, imagine being a police officer in
the city of New York where somebody can steal up
(21:54):
to one thousand dollars under this guy, up to one
thousand dollars. It's a misdemeanor and it's not prosecuted. So
it's like catch and release. Now, catch your release is
fun when you're down at you know, when I was
a kid, we're down at the Mohawk River catching perch
and sunfish.
Speaker 2 (22:10):
It was a blast.
Speaker 3 (22:12):
But criminals, So you're basically saying that you could steal
up to one thousand dollars every single day and not
getting any trouble whatsoever. You know, it's pretty good living
you got there. It's you know, three hundred and sixty
five thousand dollars per year. You're just stealing stuff, no problem.
So I get it. I get it. Anyway, this is
(22:34):
again my you know what my daughter called me up.
Daughter called me a day after election. She's freaking out
about the results. And I explained to she couldn't understand
these guys socialist comments. You know, how could people vote
first like aspe seeing. I said, you know, the country
has issues right now. Socialism is the remedy that they
(22:58):
peep these people think is going to fit this. It's
ill advised, it's the wrong remedy. And I explained her
because he's in you know, studying college medical field and
like it's like taking doing the wrong medical procedure, wrong surgery,
taking the wrong drug to fix the problem. But let's
let's be honest with ourselves, shall we. Okay, we have
(23:20):
not been practicing capitalism here in the United States.
Speaker 2 (23:26):
For a long time. For a very very long time.
Speaker 3 (23:33):
I have been fighting with every fiber of energy in
my body. I've been fighting for the US Constitution, the
rule of law, and capitalism since I started this show, before.
Speaker 2 (23:46):
I started this show, and I'm sticking with that.
Speaker 3 (23:51):
To watch these maga people go after like Thomas Massey
and Ran Paul because they believed the rule of law. Oh,
you go to play politics. No, that's the thing they
had that no King's.
Speaker 2 (24:04):
Rally a couple of weeks ago. Oh no kings, No kings.
Speaker 3 (24:09):
The funny thing is that either on the left or
the right, they both want a king. It's just the
type of king that they want, which is pathetic and sad.
Speaker 2 (24:18):
Quite frankly. And this.
Speaker 3 (24:23):
Sent overs is some Students for Liberty and it was
talking about Ein Rand escaped from the Soviet Union and
the warnings that you gotta get books are fantastic head
turned communism again, these are things we're watching happening in
real time.
Speaker 2 (24:41):
Producers serve non producers.
Speaker 3 (24:45):
When the people who create value, entrepreneurs, builders, innovators must
beg permission from bureaucrats who create nothing, You've inverted the
natural order. Merit becomes a privilege granted by those who
never earn. Wealth comes from connections, not contribution. Success stops
(25:05):
depending on what value did you create, and starts depending
on who do you know? Lobbying becomes more profitable than innovation.
Subsidies beat competition, favors trump products. Laws protect the influential,
not the industrious. Don't tell me that that's the case.
Why do you think people are angry?
Speaker 2 (25:25):
Don't tell me.
Speaker 3 (25:26):
That the rules and regulations do not favor big business
for crime out loud.
Speaker 2 (25:30):
Because they do. Justice becomes a luxury.
Speaker 3 (25:35):
The powerful get different rules than everybody else. Insider trading
is illegal for you and I unless you're in Congress.
Speaker 2 (25:44):
I can go on and on and on.
Speaker 3 (25:47):
Corruption pays better than creation, and integrity become self sacrifice.
As my longtime listeners know, I talk about this all
the time. When being honest and doing the right thing
costs you socially, financially, professionally, and actually compromising your values
(26:16):
gets rewarded. Honesty transforms into an act of heroism. Doing
the right thing shouldn't require courage. This is the US today, people, Okay,
this is where we're at. Need to get your arms
(26:37):
around that. I'm gonna take a quick break, go over
a little bit more. Watchdog on Wallstreet dot com. Watchdog
on Wallstreet dot com is our site again. Become a
part of the Watchdog on Wall Street family, a personal
CFO program, our podcast, our newsletter, all sorts of great
stuff Watchdog on Wallstreet dot com or give us a
call eight hundred fourth, seven eighty four.
Speaker 2 (27:13):
In the fuck.
Speaker 1 (27:16):
You should believe in math not magic. You're listening to
The Watchdog in Wall Street with Chris Markowski.
Speaker 3 (27:26):
Chicago. Welcome back, everybody. It is the Watchdog on Wall
Street Show. I say talked about on a podcast this
past week. You know, who's afraid of a little bit
of communism? All right, who's afraid of communism?
Speaker 2 (27:39):
I'm out there. We got it everywhere, got it everywhere.
Speaker 3 (27:41):
And I actually went back several times over the past
twenty five years. I talked about Cleon Skousen and the
forty five communist goals and the various and he wrote
it in nineteen sixty one, and I just google it yourself.
Look it up on Grock forty five Communist Goals for
America and go through the list and see all of
(28:04):
the things that have been achieved since nineteen sixty one.
I'm one of the things that I rail against here
on the program because I'm an investor. But again, I'm
a believer in the rule of law. I'm believing the
rule of law should be applied equally for everyone, and
(28:26):
it's not. It's not I railed against Trump with him
taking equity positions in companies because it's wrong, it's unconstitutional,
it's not what the founders wanted. And we're supposed to
stick with our rules. We're a nation of laws, not
of men. So like talking this king's thing out there
(28:47):
where I voted for my guy, and now.
Speaker 2 (28:49):
We have got people all the time with year.
Speaker 3 (28:51):
Oh you know, you got to give a lot of
leeway to the executive branch of government, says who, since
when have you have you picked up a constitution?
Speaker 2 (29:03):
This is why again we learned this in.
Speaker 3 (29:05):
Middle school Civics class checks and balances. We don't elect
a dictator or a king on the left or the right.
Speaker 2 (29:18):
They have to follow the rules like everyone else does.
And you think.
Speaker 3 (29:26):
About just going back over the past few decades, past
few decades, thinking about that the nonsensical things, the socialism,
socialism for rich people.
Speaker 2 (29:38):
That we have here in this because that's what it is.
We bailed out.
Speaker 3 (29:43):
The automakers that started with Bush and it went through
to Obama talk whether the big banks what they wrought
not just on our country, on the world. Not a
single person got in trouble. In fact, I didn't when
(30:06):
I lived on Long Island. I didn't live far away, right,
very close, pretty much around the corner for many of
the Lehman Brothers executives that were responsible. And let me
just tell you something, they weren't hurting for anything. Let's
just leave it at that. Socialism. Every regulatory capture, then
(30:27):
we write, then we write regulations. Oh yeah, and the
congrey allre We're here to protect the people. We're working
out for the folks, says Bill O.
Speaker 1 (30:34):
Ryan.
Speaker 2 (30:35):
Protecting people got god. Frank Sarbanes Oxley.
Speaker 3 (30:38):
I enabled many different pieces of legislation, thousands of pages long.
Speaker 2 (30:42):
I were protecting people. No you're not, You're protecting big business.
Speaker 3 (30:47):
You wrote it you wrote, Dodd Frank and you made
the big banks stronger. You essentially sign the death sentence
for many mid size the small banks around the country
because they couldn't compet. Oh that that that court case,
Supreme Court case about tariffs.
Speaker 2 (31:04):
Do you know who the you know, the planineiffs are
in that.
Speaker 3 (31:06):
Case small businesses, small businesses that can't afford the tariffs.
Speaker 2 (31:14):
They're crushed. Oh you know who can't afford the tariffs?
Big business?
Speaker 1 (31:19):
Yeah.
Speaker 3 (31:20):
Yeah, they can absorb some of them and they can
pass them on to the customers. But who cares about
the small businesses. We'll just run them over, We'll.
Speaker 2 (31:26):
Steamroll their asses. That's that's wrong.
Speaker 3 (31:29):
And that's where we're at, picking and choosing winners and losers. Socialism, communism,
and it sucks. Watchdog on Wallstreet dot com, Watchdog on
Wall Street dot Com, don't go anywhere.
Speaker 2 (31:42):
We'll be back in.
Speaker 1 (32:01):
Bringing America financial freedom one listener at a time. You're
listening to the Watchdog on Wall Street with Chris Markowski.
Speaker 2 (32:16):
I don't know if you saw this.
Speaker 3 (32:20):
Another hedge fun market manipulating Wall Street jerk Bill Ackman.
You have all Bill Ackman supporting left his entire life
all of a sudden, you know, he got on a
little bit on the Trump train, and I don't know
if you're trying to get something in regards to Crypto,
you watch how these guys flip sides again.
Speaker 2 (32:39):
They have just ethical bypass at birth.
Speaker 3 (32:43):
He actually was giving a lot of money to Andrew
Cuomo defeat ma'am Dommi, and he people with this tweet
out after the election. He says, congrats on the win.
Now you have a big responsibility. If I can help
n YC, just let me know what I can do.
This guy remember this, Okay, I don't know how he
(33:03):
did not go to jail.
Speaker 2 (33:04):
Well, I know why. He's just too well connected. During COVID.
Speaker 3 (33:09):
COVID was before they did all the massive shutdowns, the
infancy stages. He went on CNBC with Scott Wapper and
he went on there and he told Scott Wapner that,
you know, he put on this set always my dad.
Speaker 2 (33:25):
I'm worried about my dad. What's gonna happen?
Speaker 3 (33:27):
And my dad Trump needs to shut down the entire
country for at least six months, went off on this rant,
this has to be done, and real time you're watching
the market tank fall off, a cliff and I'm sitting
there watching this and I'm like, this son of a bee,
this son of a bee short of the market, This
(33:48):
son of a bee short in the market with his
buddies and is going to clean up.
Speaker 2 (33:52):
Of course he did, of course he did.
Speaker 3 (33:55):
These These are the elites, these are the Wall Street
is the cloud again the socialism for them.
Speaker 2 (34:02):
Okay, rules don't apply for them.
Speaker 3 (34:03):
You don't understand why people aren't getting angry. You don't understand.
I do. I understood all well, and good post great recession.
There the Occupy Wall Street thing that took place. There
was a Cotte park in the yard. I know why
they were there. And you know who came running? The
socialists came running. Socialists came run there. They saw an
(34:26):
opportunity because people were disenfranchised.
Speaker 2 (34:28):
That's what they do. That's what happens.
Speaker 3 (34:33):
That's what happens when we don't follow the rule of
law and there's certain roles for certain people and certain
rules for other people. That's when socialism, that's when communism
creeps in. Anyway, I know I'm yelling a lot today.
I apologize people. We gotta understand. I have been fighting socialism,
communism fighting for this constitution for a very long period
(34:57):
of time. I want, I want my kids. I want
to go back, I said, I said, I want to
go back. I'll go back to the Reagan Conservatis. I'm sorry, Okay,
the rule of law.
Speaker 2 (35:15):
Anyway.
Speaker 3 (35:15):
Oh, here was a bit of a c I told
you some moment. I got a lot of flacker people here.
Speaker 2 (35:22):
Got kind of lower rates. Say, you know you fix
the housing market? Do you more? You know you gotta
get interest rates. It's Jane Polling.
Speaker 3 (35:30):
You have Trump criticized and Powell criticized and the Fed,
And I get it. That's his the way, his political way.
Blame others and diversions and all sorts of good stuff.
Correct me if I'm wrong. Didn't the Fed just lower rates?
They did, didn't they? What happened with mortgage rates? Did
they go up? What did they go down?
Speaker 1 (35:49):
Oh?
Speaker 3 (35:50):
Yeah, yeah yeah. To all you people out there sending
me nasty messages. Twice last year, the FED lowered interest
rates by one hundred basis points. Mortgage rates went up.
This year, Fed just lowered rates again. What mortgage rates do?
Speaker 2 (36:04):
They went up? Please?
Speaker 3 (36:08):
Okay, listen, I don't have any problem having a you know,
a logical debate conversation with people. Okay, but do yourself
a faith as you're gonna get into it with me,
at least know what God's creation you're talking about, okay,
and don't don't come armed with insults on it. So
(36:28):
I'm not going to even respond to you, because I
don't argue with idiots anyway. Actually, Marjorie Taylor Green put
this out, and she's on the right track with this,
and she's talking about her bill, the No Tax on
Home Sales Act, eliminating capital gains taxes on the sale
(36:50):
of one's primary home. Yes, I think that that's a
step in the right direction, without a doubt. But the
real problem, the real problem, quite frankly, is property taxes. Now,
certain states, certain states have rules where they can only
raise property taxes a certain amount over time, but still
(37:13):
they're going up. And you got certain areas of the country, like,
for example, where I live Florida. Take a look at
the value of real estate in Florida. What has happened
just over the past three decades is called parabolic, you know.
So oftentimes, again you get senior citizens that can't even
afford to live in the homes that they have fully
paid for because their taxes have come up, even with
(37:34):
the protections that they have, and they can't afford to
sell because they're not gonna be able to afford to
buy anything, not to mention the fact that taxes are
gonna pay. So it's the ongoing costs of a home
which is a killer. So, yeah, we have to do
something about property taxes. I've talked about that ad nauseum
(37:54):
here on the program. The fact that you know, for
all intents and purposes, you don't own property in the
United States. You rent it from the government. You buy
land usage rights. That's all you do. You stop paying
your property taxes, the government takes your house.
Speaker 2 (38:11):
How is that ownership?
Speaker 3 (38:14):
You are a surf on the lord's manor how are
you owning anything? You just have land usage rights, that's
all you bought. They'll take it, and it's wrong.
Speaker 2 (38:27):
Wrong.
Speaker 3 (38:28):
As far as real estate is concerned, the commercial mortgage
backed securities for offices, the delinquency rate in that right
now is eleven point eight percent. Eleven point eight percent.
This is higher than it was during the Great Recession.
(38:52):
That's for offices. Multifamily units also not doing that well.
A bit of a canary and a coal mine. But again,
and we've told you this for some time, a lot
of this sitting on banks balance sheets with a lot
of extend and pretend.
Speaker 2 (39:06):
I don't know how they're gonna end up flushing their books.
What's gonna happen to happen at some point in time.
Speaker 3 (39:13):
Gotta take a break. Watchdog on wallstreet dot com. Watchdog
on wallstreet dot com again. Our site, a personal CFO program, podcast, newsletter,
all sorts of great stuff.
Speaker 2 (39:23):
We'll be back.
Speaker 1 (39:27):
You're listening to the Watchdog on Wall Street
Well, no one altered investment banking, consumer advocate, analyst trainer
Chris Markowski 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.
Speaker 2 (00:27):
You can't handle the true.
Speaker 1 (00:30):
Bringing America the truth about what really happens in the
financial world.
Speaker 2 (00:34):
Ladies and gentlemen.
Speaker 3 (00:35):
We're not here to indulge in fantasy, but in political
and economic reality.
Speaker 1 (00:39):
This is the watchdog Wall Streets.
Speaker 3 (00:44):
All right, Yeah, we gotta get into the uh, we
gotta get into the terrain, the politics the election from
this past week. Before we do that, I got to
share with you one story, and it has to do
with what I warned everybody about last week on the
show and also on our podcast as well, the fact
(01:05):
that a lot of advisory firms out there, a lot
of advisory firms out there, are being bought up by
private equity at ridiculous valuations. Advisors are, like I said
Steve Miller's song, take the money and Run, Take the
money and run, because these valuations are obscene. They don't
(01:27):
make any sense. They're not based on any sort of reality.
And again we explain to you how private equity works
and how they're going to try to get their money out,
and eventually people are going to lose a lot of money.
Speaker 2 (01:40):
Investors are going to lose a lot of money.
Speaker 3 (01:42):
The only way, the only way that private equity is
going to be made whole on these investments, on those valuations,
is by really ripping off the clients.
Speaker 2 (01:52):
It's it. That's the only way. The numbers don't work.
They don't.
Speaker 3 (01:59):
And I will give you an exampull of this what
happened this past week. We have a staffer at Markowski
Investments that is solely looks at advisory firms that we
feel he feels can match with Markowski Investments, and we
bring them on and bring these advisors on and we've
(02:21):
always had our valuation that makes sense for us, and
again it makes sense just for our industry. So he
called my brother this past week and he said, you're
not going.
Speaker 2 (02:34):
To believe this.
Speaker 3 (02:36):
Let's see, you know the decent sized firm, you know,
much smaller than ours, so you know, billion dollar firm,
billion dollars under management, and it told him, I said, yeah,
you know, we'll sell, but we're not going to take anything.
Speaker 2 (02:51):
Less than twelve times twelve times earnings.
Speaker 3 (02:55):
And I mean, I'm saying to myself, are you kidney.
Speaker 2 (03:04):
In order to make There's just no way.
Speaker 3 (03:07):
There's no way, even if I was to really try
to rip off the entire client base to make the
money back. If I was evil, I f had an
ethical bypass at birth of evil, and I put them
all into some high commission annuity products. The math still
doesn't work. And that's what's taken place today. That's what's
(03:28):
happening today. And again, you're gonna see a lot a
lot of people, a lot of people doing with bad advisors.
Speaker 2 (03:37):
And our advice was last week.
Speaker 3 (03:38):
If your advisor, your advisor is looking to sell, telling
you is looking to retire, make sure you better make
darn well sure who he or she is doing business with.
That's all I'm saying. Anyway, anyway, let's get into it.
So the elephants got their risk kicked this past week. Wow, wow, Wow,
(04:04):
here you've been listening to this program. We told you
something wicked this way comes. We've been telling you this
since Liberation Day, that something wicked this way comes been
going on. Shouldn't be shocked, shouldn't be surprised. In fact,
(04:26):
you know, unless things changed drastically next next time around
midterms next year, it's gonna get much worse. It's gonna
get much much worse. Let's get into it. You know,
people are like, ahh, you know, how how could they
elect a socialist in New York City? How could this happen?
(04:49):
Oh my god? Did you see did you see that
the message of the tweet the guy was putting out
in Virginia? How do they via vote for somebody like that?
Speaker 2 (04:59):
Hear me out?
Speaker 3 (05:00):
Chris Rock great uh, great comedian, stand up comedian, had
an act was years and years and years ago, and
he was kind of uh he was talking about OJ
the O J. Simpson situation, and you know he's basically
talking about how this guy, this guy is living with
(05:20):
his ex wife and his at his house and his
uh you know, uh driving around in his ferrari, went
on all these various different things. And the joke was,
you know, he said a time its again And I'm
not saying he should have killed her, but I understand it. Okay,
if you don't understand, if you can't, if you can't
get your arms around, why man, ninety one in New
(05:44):
York and why it was a complete Republican wipeout, and
don't listen to the adults.
Speaker 2 (05:52):
Okay, because that's what they are, Okay, the mind.
Speaker 3 (05:55):
Numb robot adults on Fox News said blue states and
blue state. It wasn't just blue states, Okay, it wasn't.
It was in Mississippi, it was in Georgia, Okay, there was.
There was deep red areas and Virginia that went overwhelmingly
(06:16):
for the Donkeys. I wonder, why, what do you why
do you think? Why do you think that's the case. Huh, Well, again,
if you didn't see, if you haven't seen the exit
polls and what people are actually concerned about, it's the
(06:38):
economy stupid. That's James Carville's line. That's James Carville's line
when he managed Bill Clinton's campaign. It's the economy stupid.
That's what he said. Donald Trump won the election. Donald
Trump won the election. Yeah, people were concerned about immigration
(07:02):
and open borders. Absolutely, And I'm gonna give credit credits
to he's doing a hell of a good job with that,
doing a hell of a good job with that.
Speaker 2 (07:09):
That's fantastic. But guess what.
Speaker 3 (07:12):
We got to be able to walk and chew gum
at the same time. The reason why Donald Trump won
was because of the Biden economy and because of the
the inflationary environment that that we had to deal with,
and the fact that you know, they're buying power dropped
by twenty five percent in a very short period of time.
(07:32):
That's why he won. All right, let's let's let's take
a look right now. Okay's take a look right now,
shall we. This is and again I was actually shocked.
I was actually shocked that that Fox showed this poll
on air. This is this is basically, people are saying
(07:53):
seventy one percent are paying more for grocees.
Speaker 2 (07:56):
That's what people are saying.
Speaker 3 (07:57):
Seventy one percent of the people out there say they're
paying more for groceries this year than they were last year.
Fifty nine percent are paying more for there saying they
paying more for utilities healthcare. Forty three percent are saying
they're going to pay more and wait, wait, wait, wait,
they get the bill for next year. Housing thirty nine percent,
(08:17):
gas thirty seven percent, seventy five percent. Another fact, seventy
five percent of young people eighteen to thirty nine years
old say that the housing market is a major, serious issue.
They can't afford to buy a home. I want a
shocker here, get your arms around this, okay. The median age,
(08:45):
the median age for first time home buyers is forty.
Speaker 2 (08:51):
Forty.
Speaker 3 (08:54):
My dad was a school teacher. My dad was a
school teacher. Mom was stay at home when I was
a baby, stay at home when I was a baby.
My dad also after that, he's had his own janitorial
business as well, worked two jobs.
Speaker 2 (09:11):
They at their first home when were twenty five.
Speaker 3 (09:15):
The median median age first time forty years old.
Speaker 2 (09:23):
Oh oh, take take a look.
Speaker 3 (09:24):
Take a look at the ADP payroll numbers from this
past week. Sure you got some hiring to some degree
with large companies, small to mid sized companies, layoffs galore.
Look at the Challenger and Christmas Jobs report that came
out on Thursday. We have got the most job losses
(09:46):
in October that we've seen in twenty three years. This
is from major trucking company, Freight Waves. We should be worried.
Certain poor of the goods economy are collapsing right now.
Year over year, trucking volumes is down seventeen percent. When
(10:07):
you look at the industrial sectors. We're down thirty percent
year over year, which is great financial crisis levels of concern. Okay, people,
I've been saying this for some time. Okay, listen. Market's
doing fine, got a lot of money coming in from
(10:28):
all over the world.
Speaker 2 (10:29):
Most certainly.
Speaker 3 (10:30):
I've talked about this tech sector fantastic. And without the
tech sector, we would have negative growth. Without the tech sector,
we would have negative growth. And again we're not really
competing against me. The rest of the world is not
really doing much of anything outside of China, and get
people much rather invest in the United States than invest
(10:52):
in China, so that that's driving that aspect of the economy.
Speaker 2 (10:57):
And people that own things.
Speaker 3 (10:59):
I always thinking there was that scene where where Gordon
Gecko in the movie Wall Street was lecturing Bud Fox
about ownership and owning things. If you own, if you've
invested over time, and you've built up a portfolio, you
own a home, all these various different things, you're okay,
You're okay. My clients are doing very very well. See
(11:23):
the least, they're doing very very well. But if you
are that type of person that can only see what's
on your plate and not what's taking place for other
people all over the country. I'm sorry, you're gonna have
(11:43):
to reevaluate, gonna take a good hard look in the mirror,
and I strongly suggest going to mass this week. It
is very, very tough out there for many people. Fifty
eight percent, fifty eight percent of college grads over the
past year don't have a job.
Speaker 2 (12:07):
They don't have a job.
Speaker 3 (12:09):
I am so sick and tired of seeing Scott Besson.
Scott bessen't going on air tel. I'm talking about this
golden age.
Speaker 2 (12:19):
We're in a.
Speaker 3 (12:19):
Golden age, golden age, booming economy out there. Economy is booming,
jobs are up. Are you out of your mind? That
makes me even more upset. Stop lying to people, be
honest with them, Be honest. I mean it's embarrassing. You're
insulting people's intelligence. I voted for this president to help
(12:45):
get prices now prices aren't done. Bloody President of the
United States. And again this just shows you how pathetic
and sad the interviewers are. At Fox. Brett Bear opposed
a question to the President in regards as one of
his voters from North Carolina and talking about prices and
how prices are up. No, no, no, prices are not up. Oh,
prices are coming down. Prices are down, price down, And
(13:07):
he put out a tweet. President put out a tweet, Oh,
Walmart's Walmart's Thanksgiving basket from twenty twenty five is twenty
five percent twenty five percent less than it was in
twenty twenty four. The basket in twenty twenty four had
twenty one items, where this year's basket has fifteen items.
(13:31):
This year's basket is all generic Walmart products were last
year it was all brand name. Stop gaslighting people, Stop
lying to people.
Speaker 2 (13:45):
Things are not going swimmingly.
Speaker 3 (13:48):
You wonder why young people in mass are voting the
way that they're voting.
Speaker 2 (13:57):
We've talked about financial.
Speaker 3 (13:59):
Nihilism here on the program a lot quite often, and
their feelings put yourself in their position. They're watching the
president of the United States that is macking out the
White House, putting gold up everywhere. It's almost like he
had a seance with Liberaci for crying out loud and
(14:19):
decided we're gonna have Liberaci be the bloody uh you know,
designer for the White House.
Speaker 2 (14:23):
We're all his gold crap everywhere. You're putting up.
Speaker 3 (14:27):
This massive ballroom that ninety nine point nine nine percent
of the population is never gonna walk in oh hours.
The donors gave it to that. Well, you know that
that that's a little kind of shady too. You're flying
all over the gold Do you think somebody you think
some kid that's been trying to get a job for
the past couple of years to send it out hundreds
(14:48):
and hundreds of resumes is not getting anything back, paying
back a student law, all these various different things. Do
you think he gives a darn about you dancing on
a tarmac in Malaysia? Doesn't all of these things we
have been talking about here on the program, they are
not being dealt with.
Speaker 2 (15:11):
They're not talked about housing.
Speaker 3 (15:15):
Add nauseum here on the program and the things that
now we talk about them, but we talk about the
things that can help fix these problems. You get the
government shut down, they are Democrats are holding yeah they are.
Speaker 2 (15:30):
They are holding in hostage.
Speaker 3 (15:31):
Okay, but how come, how come this is a great
opportunity to dismantle Obamacare with it for the.
Speaker 2 (15:39):
Disaster that it is. And you got, you, Mike Johnson, here, we.
Speaker 3 (15:44):
Got we got proposals on my desk, what proposals? And
I said it last week. It's the you know, it's
got top men working on it right now. It's like
the top men working on the Arc of the Covenant
and Raiders of a Lost Ark, the top men working
on right now. You got nothing, just like yeah, had
nothing when McCain gave you the thumbs down.
Speaker 2 (16:04):
You don't think that will help Americas.
Speaker 3 (16:06):
You have ten thousand times better ideas coming out of
the state of Florida, out of the governor's state for
Ronda status than anything out of Donald.
Speaker 2 (16:16):
Trump's administration at this point in time.
Speaker 3 (16:18):
Ron de Santus wants to eliminate property taxes for owner
occupied homes. He's questioning all of this investment in these
data centers in regards to raising people's electricity prices and the.
Speaker 2 (16:32):
Usage of water. Oh, I can go on, and I.
Speaker 3 (16:36):
Want to put a constitutional amendment to balance the budget.
Wants to have term limits for members of Congress. What
do we got right now?
Speaker 2 (16:48):
Tariffs? Those tariffs helped count Ask question, how.
Speaker 3 (16:53):
Many people out there listening to this program right now?
Have the tariffs helped you? Oh, they've only made your
prices go up.
Speaker 2 (17:02):
We're bringing in all this money. Where all this money
old money? If we were bringing all this money.
Speaker 3 (17:07):
How come we were thirty seven trillion dollars in debt
two months ago and now we're thirty eight trillion dollars?
Where'd that money go? Just asking the inquiring minds want
to know? And I know, I said, because I go
off on these things and the equal Opportunity basher here
on the program. And I'm honest with everybody in regards
(17:29):
to who I voted. I voted for this president twice.
Was my first choice either time, but voted for him
both times. Are things better right now? As far as
the economy is concerned, Are things better? That's all that matters. Yeah,
you can point to the border and yeah, you know,
(17:51):
Trump can tee stars stop the war between ourmedia and
uh Azerbijan. That's great, that's great. Okay, that's fantastic. But
that that's what Marco Rubio's job. Okay, let the Secretary
of State. Let him handle all that. The most important thing.
It's kitchen table kitchen table issues. And unless the Republican
(18:17):
Party deals with this now, they're gonna get destroyed in
the midterms. Watchdog on Wall Street dot Com. Okay, I'm
not Mary Poppins, no spoonfulish you're gonna make the medicine
go down, you magot types. Okay, open your eyes. Put
pressure on them. They have to change their ways. Watchdog
(18:38):
on Wallstreet dot Com. That's Watchdog on Wallstreet dot Com.
Speaker 2 (18:41):
We'll be back.
Speaker 1 (18:45):
On Saturday. You're the steed to the watch Dog on
Wall Street.
Speaker 2 (19:11):
I gotta hear a guitar riff. There it is. It
should have been great song.
Speaker 3 (19:29):
It should have been Mamdami's campaign to money for nothing again,
that's socialist money for nothing. And that's what I was
thinking about this guy and the various different things that
he's proposing, nonsensical things. Quite frankly, the only way, the
only way he's going to get a lot of these
(19:49):
things done is he's got to go through almoney. The
thing that he has going for him is that the
current governor for in New York is up for reelection
next year, and the one running against her is much
further to the left than she is.
Speaker 2 (20:06):
So again, it could happen, could happen.
Speaker 3 (20:09):
She could end up raising taxes again in the state
of New York to an even greater degree. But you know,
I got another song for you. Got Exodus by Bob
Marley Movement of your people. Yeah, moving out of these
high tax states to other areas. We'll talk a little
bit about that when we get back. Watchdog on Wallstreet
(20:30):
dot com, Watchdog on Wallstreet dot Com, don't go anywhere.
Speaker 2 (20:34):
We shall return.
Speaker 1 (20:39):
Chris Markowski is the watchdog of Wall Street, the only
(21:00):
man who is taking on the Wall Street establishment. You're
listening to the watch Dog and Wall Street with Chris Markowski.
Speaker 3 (21:10):
Yeah, you know, as many people, many people are pulling
the popeye. That's all they can stands stands no more.
And real estate agents phones are ringing in Florida and
also you know, the suburbs of New York City, Fairfield, Connecticut, Greenwich,
Westchester County, Palm Beach, down here in Florida, Naples, and yeah,
(21:32):
you're going to see people say that's it. You know,
I can't deal with this nonsense. Also as well, I'm hearing,
you know what, the first monitors hearing that. Police officers
are that that's it too. They're not going to deal
with this nonsense. Again, imagine being a police officer in
the city of New York where somebody can steal up
(21:54):
to one thousand dollars under this guy, up to one
thousand dollars. It's a misdemeanor and it's not prosecuted. So
it's like catch and release. Now, catch your release is
fun when you're down at you know, when I was
a kid, we're down at the Mohawk River catching perch
and sunfish.
Speaker 2 (22:10):
It was a blast.
Speaker 3 (22:12):
But criminals, So you're basically saying that you could steal
up to one thousand dollars every single day and not
getting any trouble whatsoever. You know, it's pretty good living
you got there. It's you know, three hundred and sixty
five thousand dollars per year. You're just stealing stuff, no problem.
So I get it. I get it. Anyway, this is
(22:34):
again my you know what my daughter called me up.
Daughter called me a day after election. She's freaking out
about the results. And I explained to she couldn't understand
these guys socialist comments. You know, how could people vote
first like aspe seeing. I said, you know, the country
has issues right now. Socialism is the remedy that they
(22:58):
peep these people think is going to fit this. It's
ill advised, it's the wrong remedy. And I explained her
because he's in you know, studying college medical field and
like it's like taking doing the wrong medical procedure, wrong surgery,
taking the wrong drug to fix the problem. But let's
let's be honest with ourselves, shall we. Okay, we have
(23:20):
not been practicing capitalism here in the United States.
Speaker 2 (23:26):
For a long time. For a very very long time.
Speaker 3 (23:33):
I have been fighting with every fiber of energy in
my body. I've been fighting for the US Constitution, the
rule of law, and capitalism since I started this show, before.
Speaker 2 (23:46):
I started this show, and I'm sticking with that.
Speaker 3 (23:51):
To watch these maga people go after like Thomas Massey
and Ran Paul because they believed the rule of law. Oh,
you go to play politics. No, that's the thing they
had that no King's.
Speaker 2 (24:04):
Rally a couple of weeks ago. Oh no kings, No kings.
Speaker 3 (24:09):
The funny thing is that either on the left or
the right, they both want a king. It's just the
type of king that they want, which is pathetic and sad.
Speaker 2 (24:18):
Quite frankly. And this.
Speaker 3 (24:23):
Sent overs is some Students for Liberty and it was
talking about Ein Rand escaped from the Soviet Union and
the warnings that you gotta get books are fantastic head
turned communism again, these are things we're watching happening in
real time.
Speaker 2 (24:41):
Producers serve non producers.
Speaker 3 (24:45):
When the people who create value, entrepreneurs, builders, innovators must
beg permission from bureaucrats who create nothing, You've inverted the
natural order. Merit becomes a privilege granted by those who
never earn. Wealth comes from connections, not contribution. Success stops
(25:05):
depending on what value did you create, and starts depending
on who do you know? Lobbying becomes more profitable than innovation.
Subsidies beat competition, favors trump products. Laws protect the influential,
not the industrious. Don't tell me that that's the case.
Why do you think people are angry?
Speaker 2 (25:25):
Don't tell me.
Speaker 3 (25:26):
That the rules and regulations do not favor big business
for crime out loud.
Speaker 2 (25:30):
Because they do. Justice becomes a luxury.
Speaker 3 (25:35):
The powerful get different rules than everybody else. Insider trading
is illegal for you and I unless you're in Congress.
Speaker 2 (25:44):
I can go on and on and on.
Speaker 3 (25:47):
Corruption pays better than creation, and integrity become self sacrifice.
As my longtime listeners know, I talk about this all
the time. When being honest and doing the right thing
costs you socially, financially, professionally, and actually compromising your values
(26:16):
gets rewarded. Honesty transforms into an act of heroism. Doing
the right thing shouldn't require courage. This is the US today, people, Okay,
this is where we're at. Need to get your arms
(26:37):
around that. I'm gonna take a quick break, go over
a little bit more. Watchdog on Wallstreet dot com. Watchdog
on Wallstreet dot com is our site again. Become a
part of the Watchdog on Wall Street family, a personal
CFO program, our podcast, our newsletter, all sorts of great
stuff Watchdog on Wallstreet dot com or give us a
call eight hundred fourth, seven eighty four.
Speaker 2 (27:13):
In the fuck.
Speaker 1 (27:16):
You should believe in math not magic. You're listening to
The Watchdog in Wall Street with Chris Markowski.
Speaker 3 (27:26):
Chicago. Welcome back, everybody. It is the Watchdog on Wall
Street Show. I say talked about on a podcast this
past week. You know, who's afraid of a little bit
of communism? All right, who's afraid of communism?
Speaker 2 (27:39):
I'm out there. We got it everywhere, got it everywhere.
Speaker 3 (27:41):
And I actually went back several times over the past
twenty five years. I talked about Cleon Skousen and the
forty five communist goals and the various and he wrote
it in nineteen sixty one, and I just google it yourself.
Look it up on Grock forty five Communist Goals for
America and go through the list and see all of
(28:04):
the things that have been achieved since nineteen sixty one.
I'm one of the things that I rail against here
on the program because I'm an investor. But again, I'm
a believer in the rule of law. I'm believing the
rule of law should be applied equally for everyone, and
(28:26):
it's not. It's not I railed against Trump with him
taking equity positions in companies because it's wrong, it's unconstitutional,
it's not what the founders wanted. And we're supposed to
stick with our rules. We're a nation of laws, not
of men. So like talking this king's thing out there
(28:47):
where I voted for my guy, and now.
Speaker 2 (28:49):
We have got people all the time with year.
Speaker 3 (28:51):
Oh you know, you got to give a lot of
leeway to the executive branch of government, says who, since
when have you have you picked up a constitution?
Speaker 2 (29:03):
This is why again we learned this in.
Speaker 3 (29:05):
Middle school Civics class checks and balances. We don't elect
a dictator or a king on the left or the right.
Speaker 2 (29:18):
They have to follow the rules like everyone else does.
And you think.
Speaker 3 (29:26):
About just going back over the past few decades, past
few decades, thinking about that the nonsensical things, the socialism,
socialism for rich people.
Speaker 2 (29:38):
That we have here in this because that's what it is.
We bailed out.
Speaker 3 (29:43):
The automakers that started with Bush and it went through
to Obama talk whether the big banks what they wrought
not just on our country, on the world. Not a
single person got in trouble. In fact, I didn't when
(30:06):
I lived on Long Island. I didn't live far away, right,
very close, pretty much around the corner for many of
the Lehman Brothers executives that were responsible. And let me
just tell you something, they weren't hurting for anything. Let's
just leave it at that. Socialism. Every regulatory capture, then
(30:27):
we write, then we write regulations. Oh yeah, and the
congrey allre We're here to protect the people. We're working
out for the folks, says Bill O.
Speaker 1 (30:34):
Ryan.
Speaker 2 (30:35):
Protecting people got god. Frank Sarbanes Oxley.
Speaker 3 (30:38):
I enabled many different pieces of legislation, thousands of pages long.
Speaker 2 (30:42):
I were protecting people. No you're not, You're protecting big business.
Speaker 3 (30:47):
You wrote it you wrote, Dodd Frank and you made
the big banks stronger. You essentially sign the death sentence
for many mid size the small banks around the country
because they couldn't compet. Oh that that that court case,
Supreme Court case about tariffs.
Speaker 2 (31:04):
Do you know who the you know, the planineiffs are
in that.
Speaker 3 (31:06):
Case small businesses, small businesses that can't afford the tariffs.
Speaker 2 (31:14):
They're crushed. Oh you know who can't afford the tariffs?
Big business?
Speaker 1 (31:19):
Yeah.
Speaker 3 (31:20):
Yeah, they can absorb some of them and they can
pass them on to the customers. But who cares about
the small businesses. We'll just run them over, We'll.
Speaker 2 (31:26):
Steamroll their asses. That's that's wrong.
Speaker 3 (31:29):
And that's where we're at, picking and choosing winners and losers. Socialism, communism,
and it sucks. Watchdog on Wallstreet dot com, Watchdog on
Wall Street dot Com, don't go anywhere.
Speaker 2 (31:42):
We'll be back in.
Speaker 1 (32:01):
Bringing America financial freedom one listener at a time. You're
listening to the Watchdog on Wall Street with Chris Markowski.
Speaker 2 (32:16):
I don't know if you saw this.
Speaker 3 (32:20):
Another hedge fun market manipulating Wall Street jerk Bill Ackman.
You have all Bill Ackman supporting left his entire life
all of a sudden, you know, he got on a
little bit on the Trump train, and I don't know
if you're trying to get something in regards to Crypto,
you watch how these guys flip sides again.
Speaker 2 (32:39):
They have just ethical bypass at birth.
Speaker 3 (32:43):
He actually was giving a lot of money to Andrew
Cuomo defeat ma'am Dommi, and he people with this tweet
out after the election. He says, congrats on the win.
Now you have a big responsibility. If I can help
n YC, just let me know what I can do.
This guy remember this, Okay, I don't know how he
(33:03):
did not go to jail.
Speaker 2 (33:04):
Well, I know why. He's just too well connected. During COVID.
Speaker 3 (33:09):
COVID was before they did all the massive shutdowns, the
infancy stages. He went on CNBC with Scott Wapper and
he went on there and he told Scott Wapner that,
you know, he put on this set always my dad.
Speaker 2 (33:25):
I'm worried about my dad. What's gonna happen?
Speaker 3 (33:27):
And my dad Trump needs to shut down the entire
country for at least six months, went off on this rant,
this has to be done, and real time you're watching
the market tank fall off, a cliff and I'm sitting
there watching this and I'm like, this son of a bee,
this son of a bee short of the market, This
(33:48):
son of a bee short in the market with his
buddies and is going to clean up.
Speaker 2 (33:52):
Of course he did, of course he did.
Speaker 3 (33:55):
These These are the elites, these are the Wall Street
is the cloud again the socialism for them.
Speaker 2 (34:02):
Okay, rules don't apply for them.
Speaker 3 (34:03):
You don't understand why people aren't getting angry. You don't understand.
I do. I understood all well, and good post great recession.
There the Occupy Wall Street thing that took place. There
was a Cotte park in the yard. I know why
they were there. And you know who came running? The
socialists came running. Socialists came run there. They saw an
(34:26):
opportunity because people were disenfranchised.
Speaker 2 (34:28):
That's what they do. That's what happens.
Speaker 3 (34:33):
That's what happens when we don't follow the rule of
law and there's certain roles for certain people and certain
rules for other people. That's when socialism, that's when communism
creeps in. Anyway, I know I'm yelling a lot today.
I apologize people. We gotta understand. I have been fighting socialism,
communism fighting for this constitution for a very long period
(34:57):
of time. I want, I want my kids. I want
to go back, I said, I said, I want to
go back. I'll go back to the Reagan Conservatis. I'm sorry, Okay,
the rule of law.
Speaker 2 (35:15):
Anyway.
Speaker 3 (35:15):
Oh, here was a bit of a c I told
you some moment. I got a lot of flacker people here.
Speaker 2 (35:22):
Got kind of lower rates. Say, you know you fix
the housing market? Do you more? You know you gotta
get interest rates. It's Jane Polling.
Speaker 3 (35:30):
You have Trump criticized and Powell criticized and the Fed,
And I get it. That's his the way, his political way.
Blame others and diversions and all sorts of good stuff.
Correct me if I'm wrong. Didn't the Fed just lower rates?
They did, didn't they? What happened with mortgage rates? Did
they go up? What did they go down?
Speaker 1 (35:49):
Oh?
Speaker 3 (35:50):
Yeah, yeah yeah. To all you people out there sending
me nasty messages. Twice last year, the FED lowered interest
rates by one hundred basis points. Mortgage rates went up.
This year, Fed just lowered rates again. What mortgage rates do?
Speaker 2 (36:04):
They went up? Please?
Speaker 3 (36:08):
Okay, listen, I don't have any problem having a you know,
a logical debate conversation with people. Okay, but do yourself
a faith as you're gonna get into it with me,
at least know what God's creation you're talking about, okay,
and don't don't come armed with insults on it. So
(36:28):
I'm not going to even respond to you, because I
don't argue with idiots anyway. Actually, Marjorie Taylor Green put
this out, and she's on the right track with this,
and she's talking about her bill, the No Tax on
Home Sales Act, eliminating capital gains taxes on the sale
(36:50):
of one's primary home. Yes, I think that that's a
step in the right direction, without a doubt. But the
real problem, the real problem, quite frankly, is property taxes. Now,
certain states, certain states have rules where they can only
raise property taxes a certain amount over time, but still
(37:13):
they're going up. And you got certain areas of the country, like,
for example, where I live Florida. Take a look at
the value of real estate in Florida. What has happened
just over the past three decades is called parabolic, you know.
So oftentimes, again you get senior citizens that can't even
afford to live in the homes that they have fully
paid for because their taxes have come up, even with
(37:34):
the protections that they have, and they can't afford to
sell because they're not gonna be able to afford to
buy anything, not to mention the fact that taxes are
gonna pay. So it's the ongoing costs of a home
which is a killer. So, yeah, we have to do
something about property taxes. I've talked about that ad nauseum
(37:54):
here on the program. The fact that you know, for
all intents and purposes, you don't own property in the
United States. You rent it from the government. You buy
land usage rights. That's all you do. You stop paying
your property taxes, the government takes your house.
Speaker 2 (38:11):
How is that ownership?
Speaker 3 (38:14):
You are a surf on the lord's manor how are
you owning anything? You just have land usage rights, that's
all you bought. They'll take it, and it's wrong.
Speaker 2 (38:27):
Wrong.
Speaker 3 (38:28):
As far as real estate is concerned, the commercial mortgage
backed securities for offices, the delinquency rate in that right
now is eleven point eight percent. Eleven point eight percent.
This is higher than it was during the Great Recession.
(38:52):
That's for offices. Multifamily units also not doing that well.
A bit of a canary and a coal mine. But again,
and we've told you this for some time, a lot
of this sitting on banks balance sheets with a lot
of extend and pretend.
Speaker 2 (39:06):
I don't know how they're gonna end up flushing their books.
What's gonna happen to happen at some point in time.
Speaker 3 (39:13):
Gotta take a break. Watchdog on wallstreet dot com. Watchdog
on wallstreet dot com again. Our site, a personal CFO program, podcast, newsletter,
all sorts of great stuff.
Speaker 2 (39:23):
We'll be back.
Speaker 1 (39:27):
You're listening to the Watchdog on Wall Street
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