E.J. Antoni
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Podcast Appearances
So now as they recalculate all those things, and this is why the insurance spike under Biden didn't really start happening until his last year or so, but it's unfortunately continuing today, and those prices are probably going to stay elevated for a while.
So now as they recalculate all those things, and this is why the insurance spike under Biden didn't really start happening until his last year or so, but it's unfortunately continuing today, and those prices are probably going to stay elevated for a while.
Sure. How do you see it? I think it's great news. We have about actually it's over four trillion dollars now of basically guaranteed investment. There's a lot more that has been pledged, they call it.
Sure. How do you see it? I think it's great news. We have about actually it's over four trillion dollars now of basically guaranteed investment. There's a lot more that has been pledged, they call it.
Sure. How do you see it? I think it's great news. We have about actually it's over four trillion dollars now of basically guaranteed investment. There's a lot more that has been pledged, they call it.
Right, right. Now, that's going to be over several years. It's not immediate. It's not all at once. But still, over four or five years, that's a phenomenal increase in investment. And it's going to allow us to do things like build that steel mill in Louisiana that the South Koreans are paying for. It's going to create revenue, obviously, for them.
Right, right. Now, that's going to be over several years. It's not immediate. It's not all at once. But still, over four or five years, that's a phenomenal increase in investment. And it's going to allow us to do things like build that steel mill in Louisiana that the South Koreans are paying for. It's going to create revenue, obviously, for them.
Right, right. Now, that's going to be over several years. It's not immediate. It's not all at once. But still, over four or five years, that's a phenomenal increase in investment. And it's going to allow us to do things like build that steel mill in Louisiana that the South Koreans are paying for. It's going to create revenue, obviously, for them.
But it's also going to create revenue for the American investors. And it creates American jobs. It allows us to build up our industrial base. That's phenomenal news.
But it's also going to create revenue for the American investors. And it creates American jobs. It allows us to build up our industrial base. That's phenomenal news.
But it's also going to create revenue for the American investors. And it creates American jobs. It allows us to build up our industrial base. That's phenomenal news.
Well, you get essentially this kind of economic snowball where you create jobs in the area. Those people now are going to spend their income in that area, you know, disproportionately. And so that will create other jobs because other businesses are going to see more revenue, more demand. And this just snowballs. Now those businesses are hiring more folks.
Well, you get essentially this kind of economic snowball where you create jobs in the area. Those people now are going to spend their income in that area, you know, disproportionately. And so that will create other jobs because other businesses are going to see more revenue, more demand. And this just snowballs. Now those businesses are hiring more folks.
Well, you get essentially this kind of economic snowball where you create jobs in the area. Those people now are going to spend their income in that area, you know, disproportionately. And so that will create other jobs because other businesses are going to see more revenue, more demand. And this just snowballs. Now those businesses are hiring more folks.
which means more people in the area, which means more development, more spending, more income, etc. So exactly the opposite of what we see when the economy is turning down in a recession, let's say, where job losses lead to more job losses and it snowballs downwards. This is an upward spiral instead of a downward spiral. So looking at the U.S.
which means more people in the area, which means more development, more spending, more income, etc. So exactly the opposite of what we see when the economy is turning down in a recession, let's say, where job losses lead to more job losses and it snowballs downwards. This is an upward spiral instead of a downward spiral. So looking at the U.S.
which means more people in the area, which means more development, more spending, more income, etc. So exactly the opposite of what we see when the economy is turning down in a recession, let's say, where job losses lead to more job losses and it snowballs downwards. This is an upward spiral instead of a downward spiral. So looking at the U.S.
steel deal, for example, that they're hammering out right now with Nippon Steel, That's going to add about a billion dollars just to the Pittsburgh, the greater Pittsburgh area.
steel deal, for example, that they're hammering out right now with Nippon Steel, That's going to add about a billion dollars just to the Pittsburgh, the greater Pittsburgh area.
steel deal, for example, that they're hammering out right now with Nippon Steel, That's going to add about a billion dollars just to the Pittsburgh, the greater Pittsburgh area.