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 will have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris.
Speaker 2 (00:14):
Markowski Whistleblowers, DC, Takeovers, and Bread and Circuses. There was
a poet, a Roman pulment by the name of Juvenile,
and he wrote in his satires he criticized. He was
criticizing the populace of Rome, saying that basically all all
(00:36):
the emperor needs to do is to provide some free
food and some public games over basically how they people
would prioritize that over any sort of political engagement and
civic responsibility. And yeah, I see it, don't you. I
get emails and messages and whatnot. And again I'm not
(00:57):
saying that these are not true concerns. They are, but
they're distractions. People haven't figured out what distraction is.
Speaker 3 (01:07):
How many times have you heard the word whistleblower? Huh?
How many whistleblower?
Speaker 2 (01:14):
Another whistleblower comes forward, whistle.
Speaker 3 (01:16):
Blower comes on.
Speaker 4 (01:17):
Oh wait, we can get them all excited on the
five Get them all excited on MSNBC bring in your pundits.
Let's talk about it for a while. Let's confuse and
bewilder everybody. Yeah, oh we're Bill Barr and Fanny Willis.
They team up to sabotage Trump's come back.
Speaker 3 (01:38):
Abe. Probably, I don't know.
Speaker 2 (01:43):
I don't know. Again, I'm so exhausted of all the scandals,
all the lies, all the nonsense out there. And then
again big announcement today. Trump's got the Defense secretary, they's
got Pam Bondi, and we're doing a They federalized that Washington,
d C. Police Department going to be putting National Guard
(02:04):
troops on the ground.
Speaker 3 (02:07):
Yeah, that's nice. Whatever, whatever. Again, you know DC's a
left wing town.
Speaker 2 (02:17):
They vote for this stuff. Yeah, if you choose to
live in filth, you can live in filth. I couldn't
get met them, I mean live Washington, d C.
Speaker 3 (02:29):
Oh.
Speaker 2 (02:29):
I got some nice areas in and around Georgetown, sure, sure,
but there are some really bad areas there.
Speaker 3 (02:40):
This is a true story. In Washington, d C.
Speaker 2 (02:42):
Store We had a lacrosse tournament there at one of
the fancy pants prep schools where the politicians send their kids,
I mean somebody's schools in outside of d C. They
look like hogwarts for crying out loud McDonagh and all
these other ones. Anyway, neither here nor there. The hotel
that the club person sent us to was in a
(03:04):
really bad area. And I'm, you know, one of the
coaches on a team. I send out a text message
picture of Mary and Berry to the entire team. Mike,
we're staying at the hotel. I think Marion Barry said,
the bitch sent me up. Remember that whole crack thing episode,
and we ended up moving to Bethesda. But quick, whatever, Okay,
(03:26):
you're going to federalize the police department, put people on
the ground. That's going to last for a certain period
of time, and the bad guy is going to go
back to doing what they're going to do because guess what,
people are going to vote the same way.
Speaker 3 (03:38):
It is what it is.
Speaker 2 (03:39):
Okay, you're not going to do it forever. It's a distraction.
It's a distraction people. What are the things that are
really hurting Americans right now? I'll talk about inflation another podcast,
but here I'm gonna give you some updates on some numbers, Okay,
(04:02):
numbers that we've covered here on the program podcasts that
we've done the US unemployment rate now for youth graduates
is now it was seven it's now eight point one percent.
Eight point one percent. It's up by two percentage points
(04:23):
over the past nineteen months. This is the levels that
we saw back in two thousand and eight, above the
levels in two thousand and one, which after nine to eleven,
the unemployment rate for all youth.
Speaker 3 (04:40):
Is averaging nine point nine percent.
Speaker 2 (04:49):
That's not good.
Speaker 3 (04:51):
Again.
Speaker 2 (04:52):
Update update on homes right now, the latest numbers median
priced home for sale again, well, the means necessary? Okay,
The median household income necessary to purchase the median size
home in the United States is one hundred and twenty
four thousand dollars. One hundred and twenty four You got
(05:16):
to make one hundred and twenty four thousand dollars a
year in order to purchase a median priced home in
the United States. That's fifty seven percent higher than the
current median household income of seventy nine thousand dollars. This,
quite frankly, by the metrics, is the most unaffordable housing
(05:36):
market and history. Are we dealing with the fact that
private equity has bought up all of these homes? No,
you're being lied to you're being gas slided. Told us
that it's a it's a problem of inventory.
Speaker 3 (05:51):
Now it's not.
Speaker 2 (05:52):
Now, it's not the problem is is that private equity
comes up, buys up entire neighborhoods, buys up entire blocks,
and then wants to rent this stuff out at ridiculous prices.
Oh yeah, all of these these issues and these problems
going on. Yet, did you know did you take a
(06:13):
look to see how many members of Congress? Again, they're off,
They're off? Are are are many members of Congress? Are
they back in their districts?
Speaker 1 (06:22):
No?
Speaker 3 (06:23):
Did did you see the picture?
Speaker 2 (06:26):
Dozens and dozens of members of Congress, all expense paid
trip to Israel? Oh yeah, yeah, nice, nice vacation.
Speaker 3 (06:37):
Had they paying for a thing?
Speaker 2 (06:39):
Paying for a time of this?
Speaker 3 (06:40):
No? APEX got that again.
Speaker 2 (06:47):
I guess it's interesting to watch the bread and circuses. Okay,
you'll mark my words. Football seasons right around the corner.
Everyone's all excited. Sure, sure you're gonna see Trump showing
up at NFL games, maybe some college football games. Gotta
have UFC stuff too. Okay, pay attention to that, pay
attention that. Don't pay attention to what's really important. The
(07:14):
cost of living is going up here in this country.
You know what I was gonna I'll bring this in here,
all right.
Speaker 3 (07:23):
This is Fox.
Speaker 2 (07:24):
This is a Fox News poll. The approval rating right
now for the president is forty four percent. On the
economy forty four percent. Again, don't doubt me when it
comes to what's going on with terraffs. These are the
numbers right now. So far, so far, this is no
This is through June. Okay, foreign exporters have absorbed fourteen
(07:48):
percent of the US tariff's, US companies eight sixty four percent,
US consumers eight twenty two percent. Guess what how long
you think that's going to last? Long it's gonna last?
I told you it was tax and companies. Right now,
they've they've come out and they said, we're going to
(08:10):
start raising our prices.
Speaker 3 (08:12):
All corporations should eat it.
Speaker 2 (08:15):
They got to eat it. Well, if they eat it,
guess what they're not going to do. They're not going
to be using that money to hire or to expand
because their tax bill just went up. Force their hand,
force them to eat it. Well, they've got to have
to make adjustments, right, They're going to have to make adjustments,
and the adjustment is going to be on towards the
(08:36):
consumer again, every single metric out their cost of living
is expected to rise.
Speaker 3 (08:45):
Even in some of the estimates.
Speaker 2 (08:46):
Right now they are putting the numbers, you know, the
uh PCI up over three percent by the end of
the year. I can go on and on on, but
I've done this for some time. Here talked about the
manufacturing sector here in the United States, which has fallen
out of bed completely sputtering.
Speaker 3 (09:03):
That was supposed to improve.
Speaker 2 (09:05):
It's not. Again, I said last week, I said last week,
I said, I want the president to do well.
Speaker 1 (09:15):
I do.
Speaker 2 (09:16):
I want the country to do well. My job is
to call out BS when I see it. That's what
I do here.
Speaker 1 (09:26):
That's what I do.
Speaker 2 (09:26):
Here's we've been doing for over thirty years. Okay, twenty
five years on air. I've been doing this a lot
longer than that. And don't doubt me. You know, go
go take a look for yourself. You can look at
our track record of calls. Can look at all the
columns we've written, the things we've talked about over the years.
(09:47):
Time for pivot, Time for pivot. Enough with the bread
and circuses and all the nonsense. These policies it's going
to be a change. I don't know if the courts
are going to strike it down or what we need
to change. And most certainly the people that we vote
for in the People's House and the People's Senate, they
(10:08):
might want to start actually doing their job rather than
vacationing in Israel. Watchdog on Wall Street dot Com Hm