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 stack inflation.
Speaker 2 (00:18):
Yeah, don't help me. We've been telling you is four
thirty years. Thirty years we at Markowski Investments. I've had
to work much much harder than every Well, we decide
we want to do this because it's the right thing
to do. Then the other investment firms out there that
(00:39):
we're just going to put everybody in a sixty to
forty portfolio because it's safe and we can set it
and forget it and we can just let our clients ride. Yeah,
how'd that work out?
Speaker 1 (00:50):
Huh?
Speaker 2 (00:50):
How about about all those sixty forty portfolios that you're
getting at the various different McDonald's esque investment firms out there,
How have they worked out for you? With your buying
power being crushed crushed again, thirty years, you've lost fifty
four percent of your buying power. Again, We've been telling
(01:15):
you this. Finally, finally the Federal Reserve has kind of
admitted that, yeah, we're just gonna run it hot, guys,
We're just going to run it hot. Here is the quote. Okay,
risks in inflation are tilted to the upside, risks to
(01:36):
employment are tilted to the downside. Jay, that's the definition
of stagflation, my man. I mean you know this and
I know this. They basically confirmed that that whole two
percent target thing for inflation is ex wait. Party on, Wayne,
party on Garth. No, we're giving you a punch bowl. Yeah.
(02:00):
The FEDA has adopted a new framework that removes a
reference to the central bank seeking inflation that averages two
percent over time, and one to it making decisions on
employment based on shortfalls from its maximum level. Again, FED
should have zip, zero, zilch, nada to do with employment. Okay,
(02:25):
the the Again, there are a bunch of economists that
have never really had a real job in their entire lives.
They've never run a business, never had to employ anybody.
Yet they're in charge of employment here in the United States.
Here's here's a newsflash. Businesses will hire people when they
feel like it's conducive to do so. Oh, you tinkering
(02:48):
around rates is going to really, you know, change up
their decisions on that.
Speaker 3 (02:52):
Uh no, no, okay, we printed a crap ton of
money during COVID, Thank you Donald Trump, thank you Joe Biden.
Speaker 2 (03:04):
And guess what, we're gonna have to print a ton more,
a ton more just to stay afloat. Oh what was
the how much we were going into debt? I had
it here over the past month. I mean it was
something insane. Oh yeah, here, over the last forty eight days,
the US federal debt is up by a trillion. Yeah. Yeah,
(03:34):
the debt is up by a trillion dollars over the
last forty eight days.
Speaker 1 (03:42):
Oh you doing to see here? Nothing to worry about.
Speaker 2 (03:44):
All these tariffs are going to take care of that.
And oh, country's getting rich. I don't want tariff revenue
that's coming in.
Speaker 3 (03:51):
Man.
Speaker 2 (03:52):
And you hear what cat and say, I mean, we
lost our minds. I know I'm being sarcastic with a
little bit of anger. Maybe I maybe I shouldn't. I
don't mean to be off putting, but this stuff kind
of ticks me off, just just a little bit. It
really does. This is this is aggravating. And again, you
(04:14):
your money. I went perfectly clear. Okay, if you don't
have your money busting, its for you. Okay, you're you're
gonna fall behind. You're gonna fall behind. You better have
someone that's handling your finances that knows what in God's
(04:34):
creation they're doing. Not gonna put huge into some sort
of super safety set it and forget it portfolio, and
is gonna actually put the work in because that's what
it takes, not as they don't give it. Darn they
set it upright. Algorithm my money, Carlos say, you know
simulator and this will automatically move this that and target
(04:58):
date funds and all of this that Wall Street's been
selling you, because that's exactly what it is. You lost.
You lost. You haven't seen the level of returns that
you need to keep up with the debasement of your
buying power. Watchdog on Wall street dot com