Listen: Three Percent, One Percent, Two Percent discussed on Phil's Gang
"To fill this consumers and in pretty good shape that lower taxes lower oil prices low interest rates right higher wages higher wages and none of that's true first of all oil prices are up thirty three percent in the last twelve to a month's wages the three point two percent increase is a bald faced lie is true we just got three point one percent rather in the last year yeah you're not factor in our back in the cost of living like health care when you back health care in alone it'll drop down to negative one percent for god sakes it doesn't work it doesn't work so none of that is true if that was true then why are they worried show worried about keep cutting cutting out rage so right now they're worried about cutting rates again they want to cut rates again because why because the problem is our debt is going up so high we can't afford to pay a higher interest rate than one percent the market in two thousand eight crash because the interest rates kept going up to hi and because we all six hundred billion an interest and we have to pay at every September is Chinese we can't make those payments when interest rates are too high and that's when the market collapse now but now remember Paul comes out in what she talking about any eight again he's talking about what the it again the the you say how the economy is looking great what economists look great and why in the hell did he cut rates remember since two thousand and fifteen December you cut rates nine times and each time fail the market started pullbacks are they fail it didn't work so here it is again the US economy is now in the eleventh year of this expansion and the baseline outlook remains favorable how can a baseline outlook look favorable when you look at the earnings growth when earnings that's profits gang profits earnings profits for this year quarter one zero quarter jun zero the quarter injury forty minus negative three point two percent the fourth quarter we're going to go in is going to be negative how can you say all it looks great now let's talk about the growth of the economy we're not growing we're going the other way we're G. celebrating shoe we won the first quarter this year was three percent the second quarter drop to two point eight the third quarter drop to one point eight and by the way the third quarter the drop to one point eight four three percent the first quarter remember the earnings are profit is negative three point two percent so he's lying but she we don't care about that here it feels game we just follow the big money and you've we do that with our chart is the chart I designed it follows the big banks a thousand big institutions of flowers the insurance got they're the ones to put money into stocks to make the market go up and a pull out it goes down so we don't care about any this noise I don't trust them for a moment you shouldn't trust anything you hear about politics we know all the networks lie about the politics but don't forget same thing with the financial network the cable news fine after that they all live they lie how can you say and I just I I get so angry at a year of pain good guy but he always has this kind of news is surging along its surgeon how can it be surging when the economy GDP went from three percent to two point eight just do a negative two a negative okay I mean to one point eight two one so we've gone from three percent to one I don't understand that's not a rocket ship but he's going to he's going to make sure you believe that so here's what I want you to do for the first time I never offered a free membership with Phil's gang is thirty nine ninety five a month I'll give you one wait I'll give you for free for one week so you come in and see what it's all about one week and."