The Princess Bride and Inflation

The Princess Bride and Inflation. www.watchdogonwallstreet.com

Episode Transcript

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 will have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
The Princess Bride and Inflation. Back when I was in college, yeah,
we'd have our Halloween party, and yeah we had to
get costumes. And one year, one year, I decided to
be a Nigo Montoya. Yes, my name is in Enigo Montoya.
You kill my father prepared to die from the Princess Bride,

(00:37):
great film. I was thinking about that today because of this. Well,
it was actually something that and Nego also Montoya said
in the movie where you had Vinzini, he kept saying
the word inc inconceivable, and Nego said, I don't think

(00:58):
that word means what you think it means, because he
kept saying it again and again and again. Anyway, Princess
Bride and inflation, well, I don't think. I don't think
these leftists know what inflation is. I really don't. You're
watching rewrites right now of recent history. I mean, they

(01:22):
eat this massive effort by Democrats from you know, member
Peter Orzag from the Obama administration and other left wing
economists from Brookings saying no, no, no, no, no, no, no, no, no, no,
all these higher prices during the Biden administration. No, it
wasn't because of all the money printing. It wasn't because

(01:45):
our national debt went up by ten trillion dollars over
the Biden years. Had had nothing to do. Let's go,
let's let's go through the highlights here. One point two
trillion dollar infrastructure Bill, two hundred and eighty billion dollar
Chips Act, an inflation reduction Act. Nobody knows what the
price tag is for that. We yeah, Trump had three

(02:07):
trillion dollars. He was a part of that too. And
then of course the one point nine trillion dollar American
Rescue Plan had nothing to do with that. They're trying
to claim that it was supply chain issues. And again
they're they're bending over backwards. Oh no, it's problems with
supply chain. And this is the number they came up with, actually,

(02:31):
Joseph Sternberg in the Wall Street Journal today, They they're arguing,
they're arguing that supply chain disruptions accounted for wait for it,
seventy nine percent of the inflation in twenty twenty one. Yeah,
that's that's one of the things leftist. I've talked about

(02:51):
that and how they argue they pick exact numbers out
of nowhere. Seventy nine Really, why not seventy eight? Seventy
nine percent was due to supply chain issues? And my
response to this, they put out a lengthy paper on this.
If that was the case, how come prices haven't come down? Right?

(03:16):
Supply chain is the time you have. You would have
a spike, You would have a spike in prices. But
when again, when the supply chain comes back, If that's
the issue, wouldn't prices come back down? Are not? Are
there not? Quick me if I'm wrong? Two sides to
that equation, supply and demand side. Yeah there is again,

(03:42):
Nigo Montoya, I don't think that word means what you
think it means. Watch Dog on Wall Street dot Com.