Carol Roth

looks absolutely nothing today like it did back then, right, in terms of the mix of goods and services in the economy today.

in terms of the overall national debt.

I mean, the national debt back then was like half a trillion dollars.

The debt to GDP was like 30% versus 120% today.

Deficits were like 1% to 2% of GDP versus 6% today.

uh... and then one of the really big thing is that we were in that creditor to the world that were the biggest debt debtor to the world so the entire uh... fiscal underpinning in different which means we have to kind of look at not only you know what happened to our economy but the decision that would be made by the administration uh... which you know were kind of tenuous anyway could those get accelerated and what would that mean so i think

In terms of his recession prediction, if you look at what many economists are thinking right now, this definitely increases the possibility.

I think that 25% to 30% is kind of where most folks are in terms of, which is obviously not the majority likelihood of what happens.

I think personally, and this may not be... Oh, go ahead.

Stagflation.

We can come back to it if you want.

Okay, so we make, are we mainly light, sweet, crude products?

Which is what we get from the Middle East.

Tällaisia asioita, kuten tietokone, jossa on tietokone ja hyvät kuitut, jossa on paljon vaihtoehtoja. Tällaisia asioita, joilla on tietokone ja hyvät kuitut, jossa on paljon vaihtoehtoja. Tällaisia asioita, joilla on paljon vaihtoehtoja.

If you are in the middle working class, you are very likely on that downward slope of the K. You're having a very different experience.

Kyllä, luulen, että kaikki tietävät, mitä on K-pohjainen ekonomi. He eivät vain tiedä sen kertaa, mutta he ovat todennäköisesti elämässä sen kautta. Ja jos ajattelee K-pohjaisen, niin on tällainen ympäristö. Yksi osa K-pohjaisesta mennä ylös ja toinen ylös.

Se riippuu siitä, kuka sinä olet. Se on sinun ekonomisen kokemuksesi. Jos olet asettomuotoilija, ja sinulla on portfolio, ja sinulla on asettomuotoilija, ja sinulla on suurta kestävää työtä, olet todennäköisesti tehnyt hyvin viime viikkoja. Seuraamme, että asettomuotoilija ja inflaatio kestävät.

ainakin nimenomaisella tasolla, ei kuitenkaan inflaatiolla, vaan se, mitä näet etukäteen, näyttää, että asiat menevät hyvin hyvin. Jos olet joku, joka ei ole asettomuotoja tai ehkä vain on pieni määrä asettomuotoja, mutta olet yleensä osallistunut päivittäiseen kohdallisuuteen, olet osallistunut asettomuotoihin, olet osallistunut ehkä kohdalla koulutusta, ruokaa, koulutusta, mitä tahansa,

You're having a very different experience in this economy. Things are not going well. They're just seeming more expensive to you, and you're not participating in the inflation of assets piece to offset your feelings about that. And so it's really a struggle, and it's kind of a bit of a difficult thing to get our heads wrapped around, because...

It's supposed to be having things like a smartphone that has a computer, you know, basically in your pocket, a supercomputer in your pocket, and nice shoes and access to, you know, an abundance of choices. That's supposed to be luxuries, and that's supposed to make you feel like you don't have to worry about money. But the necessities of our life have become so expensive that if you are in the middle and working class...