Ed Dowd

Then they hired government workers like we've never seen before in September alone, who I think was like 950,000 government jobs right before the election. So Trump's policies are going to reverse all this. And so the recession will be revealed. There are already revisions going on, major revisions starting to happen. And I'm sure we're going to see more revisions coming forward.

Then they hired government workers like we've never seen before in September alone, who I think was like 950,000 government jobs right before the election. So Trump's policies are going to reverse all this. And so the recession will be revealed. There are already revisions going on, major revisions starting to happen. And I'm sure we're going to see more revisions coming forward.

And the true state of unemployment is way higher than stated, 4.5%, 5%, whatever it is today, more like 10% to 15%.

And the true state of unemployment is way higher than stated, 4.5%, 5%, whatever it is today, more like 10% to 15%.

Smoke and mirrors and actual government spending and deficit spending to kind of juice the economy and let it limp along a little more. But Trump is going to Stop the immigration. So that's short-term juice that disappears. He's going to cut government spending. So his policies initially will be contractionary, but needed to be done because the government, it's called fiscal dominance.

Smoke and mirrors and actual government spending and deficit spending to kind of juice the economy and let it limp along a little more. But Trump is going to Stop the immigration. So that's short-term juice that disappears. He's going to cut government spending. So his policies initially will be contractionary, but needed to be done because the government, it's called fiscal dominance.

The government was overwhelming the private sector. And we can't have a middle, there's no middle class in that. So Trump's plan is to reestablish the middle class. The middle class did well under him. Their per capita GDP income rose up until 2020. 2020 was a disaster, but every year up until then, it was up. Since Biden got in there, it's come way down. Obviously, inflation has helped with that.

The government was overwhelming the private sector. And we can't have a middle, there's no middle class in that. So Trump's plan is to reestablish the middle class. The middle class did well under him. Their per capita GDP income rose up until 2020. 2020 was a disaster, but every year up until then, it was up. Since Biden got in there, it's come way down. Obviously, inflation has helped with that.

And the rich, the very rich, the 0.1%, under Trump, their percent of financial wealth declined. Under Biden-Harris, it went up to all-time highs of 15%. So 0.1% of the wealthy own 15% of the financial assets in the U.S.

And the rich, the very rich, the 0.1%, under Trump, their percent of financial wealth declined. Under Biden-Harris, it went up to all-time highs of 15%. So 0.1% of the wealthy own 15% of the financial assets in the U.S.

Yeah, so his Treasury Secretary that he just nominated, Scott Besson, has been trying to get the message out. It's the 3-3-3 plan, 3% growth, 3%. I forget, but it's the 3-3-3 plan. And it's a good plan. And he also has been communicating that the cannon has been spiked by the Biden administration, both at the Treasury level and the government spending level, the deficit spending.

Yeah, so his Treasury Secretary that he just nominated, Scott Besson, has been trying to get the message out. It's the 3-3-3 plan, 3% growth, 3%. I forget, but it's the 3-3-3 plan. And it's a good plan. And he also has been communicating that the cannon has been spiked by the Biden administration, both at the Treasury level and the government spending level, the deficit spending.

So he's messaging it. We need Trump to start messaging it. Trump needs to stay away from the stock market as an indication of how he's doing, because the stock market is at levels of valuation we haven't seen in quite a long time. Warren Buffett, about a year and a half ago, started accumulating cash, and he has the largest cash pile he's ever had, $350 billion.

So he's messaging it. We need Trump to start messaging it. Trump needs to stay away from the stock market as an indication of how he's doing, because the stock market is at levels of valuation we haven't seen in quite a long time. Warren Buffett, about a year and a half ago, started accumulating cash, and he has the largest cash pile he's ever had, $350 billion.

He is getting out of stocks, and he has been. He owns 4% of the Treasury bill market, more than the Federal Reserve. He's been here before. He's waiting patiently, and he's not looking for a 10%, 20% correction. He's looking for a lot more. Now, I was more bearish on what was going to happen if Harris had gotten in there.

He is getting out of stocks, and he has been. He owns 4% of the Treasury bill market, more than the Federal Reserve. He's been here before. He's waiting patiently, and he's not looking for a 10%, 20% correction. He's looking for a lot more. Now, I was more bearish on what was going to happen if Harris had gotten in there.

Under Trump, I think we got a shot of this drawdown coming in the stock market and financial assets being not as deep as it could have been. And then, you know, hopefully if he gets all his policies implemented, his deregulation, his tax cuts for the middle class, his energy policies, his trade policies, we'll see something like we saw in the 1980s where Ronald Reagan

Under Trump, I think we got a shot of this drawdown coming in the stock market and financial assets being not as deep as it could have been. And then, you know, hopefully if he gets all his policies implemented, his deregulation, his tax cuts for the middle class, his energy policies, his trade policies, we'll see something like we saw in the 1980s where Ronald Reagan

got handed a recession in 81 and 82. By the time his reelection came around, the economy was booming. So that's the model.

got handed a recession in 81 and 82. By the time his reelection came around, the economy was booming. So that's the model.