Episode Transcript
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Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
I got to give credit where credits due. People steal
stuff from this show all the time, and I see it.
That's okay. I got to give a chef out to
Ben Hunt from Epsilon Theory. I love his stuff anyway,
great writer. He's got a great website out there as well,
and he he gave it one liner today, that's my
quant And he was talking about Donald Trump. If you're
(00:41):
not familiar with the quant reference, it's from from The
Big Short. There's a scene in The Big Short where
they've got this Chinese guy that's sitting there and point
to him, that's my quant. He's the smartest guy in China.
Want to math contest all this stuff anyway, neither here
nor there. He was talking about Trump yesterday. Trump, he
(01:04):
just he just goes off and he says things that
yesterday he said that the days are over. The days
are over when the economy starts growing and the FED
raises interest rates to stop the economy and slow the
(01:26):
economy down. Now that far off. When it comes to that,
he's not, okay, I understand. I've talked about this before.
You know, the FED. It's the money printing that's the problem.
It's not the economy growing like gangbusters. But again, if
our government stops spending so much money, we wouldn't have
(01:49):
to print and borrow so much. When put that aside,
the President came out and said that he doesn't understand
why our economy can't grow at twenty five percent. We're
at two something right now. Themes that think that if
(02:12):
we keep interest rates low, our GDP could grow by
twenty five percent, he just says, stuff I got. It's
just Trump being Trump. That's my quant my quantitative watchdog.
(02:34):
On Wall Street dot com