Carol Roth

The craziest thing that's happened over the past several days is that the Atlanta Fed, one of the branches of the Federal Reserve, that has a tool that predicts GDP for each quarter. They went in the last four weeks, okay, four weeks time, from predicting that we were going to have almost 4% GDP growth in the first quarter to now negative 3%. in the first quarter.

That is a seven percentage point difference in for weeks, which A, just goes to show what a joke any of this reporting and these tools and this data are. But I think also shows, hey, we've got somebody else at the helm here. So now we don't need to doctor these numbers in a way that seem a bit more friendly.

That is a seven percentage point difference in for weeks, which A, just goes to show what a joke any of this reporting and these tools and this data are. But I think also shows, hey, we've got somebody else at the helm here. So now we don't need to doctor these numbers in a way that seem a bit more friendly.

That is a seven percentage point difference in for weeks, which A, just goes to show what a joke any of this reporting and these tools and this data are. But I think also shows, hey, we've got somebody else at the helm here. So now we don't need to doctor these numbers in a way that seem a bit more friendly.

And so we potentially could be seeing something ugly, which is something that we've talked about many, many times. And this has been a set up that they knew was coming. If you go back to the middle of last year, you had a bunch of quote unquote Nobel economists that put out a piece that said that Trump was going to create inflation. He was going to do all these bad things to the economy.

And so we potentially could be seeing something ugly, which is something that we've talked about many, many times. And this has been a set up that they knew was coming. If you go back to the middle of last year, you had a bunch of quote unquote Nobel economists that put out a piece that said that Trump was going to create inflation. He was going to do all these bad things to the economy.

And so we potentially could be seeing something ugly, which is something that we've talked about many, many times. And this has been a set up that they knew was coming. If you go back to the middle of last year, you had a bunch of quote unquote Nobel economists that put out a piece that said that Trump was going to create inflation. He was going to do all these bad things to the economy.

And I called it out right then and there and said, this is a set up. They know this is coming no matter what. And so they are setting the groundwork to blame this on Trump. So get ready for the talking points. Trump's been, as we said, only in there for six weeks. He hasn't even really had a chance to do anything about the economy. Congress certainly isn't helping.

And I called it out right then and there and said, this is a set up. They know this is coming no matter what. And so they are setting the groundwork to blame this on Trump. So get ready for the talking points. Trump's been, as we said, only in there for six weeks. He hasn't even really had a chance to do anything about the economy. Congress certainly isn't helping.

And I called it out right then and there and said, this is a set up. They know this is coming no matter what. And so they are setting the groundwork to blame this on Trump. So get ready for the talking points. Trump's been, as we said, only in there for six weeks. He hasn't even really had a chance to do anything about the economy. Congress certainly isn't helping.

And yet we're already getting the rhetoric that, oh, look what he did to our really great economy. Correct me if I'm wrong here, Carol, but

And yet we're already getting the rhetoric that, oh, look what he did to our really great economy. Correct me if I'm wrong here, Carol, but

And yet we're already getting the rhetoric that, oh, look what he did to our really great economy. Correct me if I'm wrong here, Carol, but

Yeah, it absolutely would cause our inflation to go through the roof because even with the cash in and cash out that we have, as we said, we're running these wartime level deficits. And by the way, we're financing those at high interest rates, not necessarily in the historical context, but in the context of the last 15 years.

Yeah, it absolutely would cause our inflation to go through the roof because even with the cash in and cash out that we have, as we said, we're running these wartime level deficits. And by the way, we're financing those at high interest rates, not necessarily in the historical context, but in the context of the last 15 years.

Yeah, it absolutely would cause our inflation to go through the roof because even with the cash in and cash out that we have, as we said, we're running these wartime level deficits. And by the way, we're financing those at high interest rates, not necessarily in the historical context, but in the context of the last 15 years.

and in a way that we have now made the interest expense on our debt, what we're paying for stuff we've already bought, exceed, the financing charges exceed what we're spending on defense. Niall Ferguson has a great sort of maxim, if you will, that basically, I'm paraphrasing here, but nations that spend more on interest spend versus debt don't remain great nations for very long.

and in a way that we have now made the interest expense on our debt, what we're paying for stuff we've already bought, exceed, the financing charges exceed what we're spending on defense. Niall Ferguson has a great sort of maxim, if you will, that basically, I'm paraphrasing here, but nations that spend more on interest spend versus debt don't remain great nations for very long.

and in a way that we have now made the interest expense on our debt, what we're paying for stuff we've already bought, exceed, the financing charges exceed what we're spending on defense. Niall Ferguson has a great sort of maxim, if you will, that basically, I'm paraphrasing here, but nations that spend more on interest spend versus debt don't remain great nations for very long.

That seems to be pretty obvious, something that everybody can wrap their heads around, that we don't want to be spending all of our money paying for stuff that we've quote unquote already bought. Und wir können sicherlich an diesen Ebenen das nicht ermöglichen.