Vince Colonese

So, yeah, OK. So a new administration provides economic certainty and that has big impacts for the rest of us. Got it. All right. So Puke 12 is back. He wanted to. So I did ask. And rightfully so. He said that he thought this was bullshit. And here's what he says. He wants to know about prices of homeowners and auto insurance.

So apparently Puke has detected that homeowners and auto insurance is up still. You did mention a moment ago, of course, that prices still continue to rise. The key element that we're talking about is that incomes are now starting to rise above prices, which really matters a great deal. But you You are seeing that in the insurance markets.

So apparently Puke has detected that homeowners and auto insurance is up still. You did mention a moment ago, of course, that prices still continue to rise. The key element that we're talking about is that incomes are now starting to rise above prices, which really matters a great deal. But you You are seeing that in the insurance markets.

So apparently Puke has detected that homeowners and auto insurance is up still. You did mention a moment ago, of course, that prices still continue to rise. The key element that we're talking about is that incomes are now starting to rise above prices, which really matters a great deal. But you You are seeing that in the insurance markets.

Is this the same thing? Is this the same phenomenon with gasoline? Is the rocket feather kind of situation where insurance prices will go up quickly because they anticipate future spend, but they come down more slowly because they don't want to ease up on consumers too quickly?

Is this the same thing? Is this the same phenomenon with gasoline? Is the rocket feather kind of situation where insurance prices will go up quickly because they anticipate future spend, but they come down more slowly because they don't want to ease up on consumers too quickly?

Is this the same thing? Is this the same phenomenon with gasoline? Is the rocket feather kind of situation where insurance prices will go up quickly because they anticipate future spend, but they come down more slowly because they don't want to ease up on consumers too quickly?

Yes. Yes, indeed. Okay. Let's talk about new investment in the United States of America. What where is it as far as you can tell how much more money and what kind of difference is going to make to the economy? Because the president has been proud of this. Rightfully so.

Yes. Yes, indeed. Okay. Let's talk about new investment in the United States of America. What where is it as far as you can tell how much more money and what kind of difference is going to make to the economy? Because the president has been proud of this. Rightfully so.

Yes. Yes, indeed. Okay. Let's talk about new investment in the United States of America. What where is it as far as you can tell how much more money and what kind of difference is going to make to the economy? Because the president has been proud of this. Rightfully so.

There are verbal commitments. There's verbal commitments where the president will come out and say something like $10 trillion. But in terms of just actual money flowing in that we know is coming in, you're saying it's at least $4 trillion right now.

There are verbal commitments. There's verbal commitments where the president will come out and say something like $10 trillion. But in terms of just actual money flowing in that we know is coming in, you're saying it's at least $4 trillion right now.

There are verbal commitments. There's verbal commitments where the president will come out and say something like $10 trillion. But in terms of just actual money flowing in that we know is coming in, you're saying it's at least $4 trillion right now.

Yes. And so what are the second and third order effects of building up a plant like that? in terms of like the local community and how many times that those dollars exchange hands and how many times those dollars are taxed. I mean, what's the downstream effect of bringing new manufacturing in?

Yes. And so what are the second and third order effects of building up a plant like that? in terms of like the local community and how many times that those dollars exchange hands and how many times those dollars are taxed. I mean, what's the downstream effect of bringing new manufacturing in?

Yes. And so what are the second and third order effects of building up a plant like that? in terms of like the local community and how many times that those dollars exchange hands and how many times those dollars are taxed. I mean, what's the downstream effect of bringing new manufacturing in?

Which could use it. Absolutely. Big time. If you've been to Pittsburgh lately, they could use an infusion of investment. OK, you and I talked a lot during the Biden catastrophe about credit cards.

Which could use it. Absolutely. Big time. If you've been to Pittsburgh lately, they could use an infusion of investment. OK, you and I talked a lot during the Biden catastrophe about credit cards.

Which could use it. Absolutely. Big time. If you've been to Pittsburgh lately, they could use an infusion of investment. OK, you and I talked a lot during the Biden catastrophe about credit cards.

Last year, if my memory serves correctly, credit card debt exceeded $1 trillion for the first time in the United States. And people, as you told me, were using credit cards in order to make ends meet because their paycheck did not go the distance. This was panic spending. in terms of how people were using these credit cards. They were just trying to survive with credit.