E.J. Antoni

Well, so not only do they have more money to spend, but the money's going further. So the big problem under Biden was the fact that, yes, the average paycheck just went through the roof. Yes. But it didn't go up as fast as prices. Prices outpaced everybody's earnings. Exactly. Exactly. So that's why people were so frustrated with the fact that, yes, they were working additional jobs.

Well, so not only do they have more money to spend, but the money's going further. So the big problem under Biden was the fact that, yes, the average paycheck just went through the roof. Yes. But it didn't go up as fast as prices. Prices outpaced everybody's earnings. Exactly. Exactly. So that's why people were so frustrated with the fact that, yes, they were working additional jobs.

Well, so not only do they have more money to spend, but the money's going further. So the big problem under Biden was the fact that, yes, the average paycheck just went through the roof. Yes. But it didn't go up as fast as prices. Prices outpaced everybody's earnings. Exactly. Exactly. So that's why people were so frustrated with the fact that, yes, they were working additional jobs.

They had more income. They got raises, whatever the case may be. But they could still afford less than they could four years prior. Right. That was the big problem.

They had more income. They got raises, whatever the case may be. But they could still afford less than they could four years prior. Right. That was the big problem.

They had more income. They got raises, whatever the case may be. But they could still afford less than they could four years prior. Right. That was the big problem.

Right. Right. Under Trump, it's been exactly the opposite. Has it been already? Yes. If we look at how fast incomes have risen compared to prices, incomes have risen about 1% faster. Now, obviously, that's not a huge number, but we're only a few months in. And the fact that we're already seeing this much of a difference, I think that's tremendous.

Right. Right. Under Trump, it's been exactly the opposite. Has it been already? Yes. If we look at how fast incomes have risen compared to prices, incomes have risen about 1% faster. Now, obviously, that's not a huge number, but we're only a few months in. And the fact that we're already seeing this much of a difference, I think that's tremendous.

Right. Right. Under Trump, it's been exactly the opposite. Has it been already? Yes. If we look at how fast incomes have risen compared to prices, incomes have risen about 1% faster. Now, obviously, that's not a huge number, but we're only a few months in. And the fact that we're already seeing this much of a difference, I think that's tremendous.

Sure, sure. So there'll be some that are very broad, like energy, and then there's some that are really hyper-specific, like eggs. Taking the latter one first, what we saw under Biden was this insane policy where they were literally paying the farmers of egg-laying hens more to kill chickens to cull flocks than they could get by raising those chickens and bringing the eggs to market.

Sure, sure. So there'll be some that are very broad, like energy, and then there's some that are really hyper-specific, like eggs. Taking the latter one first, what we saw under Biden was this insane policy where they were literally paying the farmers of egg-laying hens more to kill chickens to cull flocks than they could get by raising those chickens and bringing the eggs to market.

Sure, sure. So there'll be some that are very broad, like energy, and then there's some that are really hyper-specific, like eggs. Taking the latter one first, what we saw under Biden was this insane policy where they were literally paying the farmers of egg-laying hens more to kill chickens to cull flocks than they could get by raising those chickens and bringing the eggs to market.

And yes, that was in response to the avian flu, but it was a very stupid way to handle it because you caused hens that were perfectly fine to get slaughtered en masse. So if you kill all of the egg-laying hens, what's going to happen to your egg supply? It's going to plummet. That's exactly what happened. We had shortages. We had prices go through the roof.

And yes, that was in response to the avian flu, but it was a very stupid way to handle it because you caused hens that were perfectly fine to get slaughtered en masse. So if you kill all of the egg-laying hens, what's going to happen to your egg supply? It's going to plummet. That's exactly what happened. We had shortages. We had prices go through the roof.

And yes, that was in response to the avian flu, but it was a very stupid way to handle it because you caused hens that were perfectly fine to get slaughtered en masse. So if you kill all of the egg-laying hens, what's going to happen to your egg supply? It's going to plummet. That's exactly what happened. We had shortages. We had prices go through the roof.

By simply reversing that policy and putting better ones in its place, you saw the supply of eggs explode again. And so prices for eggs have come way, way down, down like 60% now in just a couple of months. So that's tremendous news. But then you have very, very broad policies as well, like with energy. So in terms of energy, you're talking about a sector that's very, very forward-looking.

By simply reversing that policy and putting better ones in its place, you saw the supply of eggs explode again. And so prices for eggs have come way, way down, down like 60% now in just a couple of months. So that's tremendous news. But then you have very, very broad policies as well, like with energy. So in terms of energy, you're talking about a sector that's very, very forward-looking.

By simply reversing that policy and putting better ones in its place, you saw the supply of eggs explode again. And so prices for eggs have come way, way down, down like 60% now in just a couple of months. So that's tremendous news. But then you have very, very broad policies as well, like with energy. So in terms of energy, you're talking about a sector that's very, very forward-looking.

They're not so much concerned about the economic constraints today. They're looking into the future. The reason for that is because almost everything they do takes a very long time. It takes not just months, but years, decades to build a new refinery. It takes many months to conduct the maintenance on a pipeline that's going to keep it operational. Right.

They're not so much concerned about the economic constraints today. They're looking into the future. The reason for that is because almost everything they do takes a very long time. It takes not just months, but years, decades to build a new refinery. It takes many months to conduct the maintenance on a pipeline that's going to keep it operational. Right.