Listen: America, US and Radisson Blu discussed on Best Stocks Now
"Now radio our broadcast remote broadcast once again today from the Radisson Blu, which is attached to the mall of America. I have not even had a chance. Go walker. I did last year. I had a chance I haven't stopped since I got here. You're keeping me. So busy might predictions were true. In the commercial that I got I said, these spots will go fast and sure enough. I mean, we've had ten appointments today. Yesterday the day before that again today, we have I'm going to say we were approaching a hundred and fifty people at the workshop last night. Folks, got to meet the team we handed out we have some prizes for a gift certificates to the mall of America. My stepdaughter who's on this trip who now works for me. She says that you gotta go to the cookie dough store. So we'll try to make it to the cookie. Dough store today if I get online. You can sample different flavors of cookie dough baked cookies. Which is quite good. So maybe we'll do that. But I have my planner here with me, Scott, what Dell with the thirteen years of experience much of it at Merrill, Lynch. I'm trying to teach everything he learned at Merrill Lynch about after the allegations. And this kind of thing and he's getting really quickly. He is an excellent planner. I have my new chief operating officer here with me on this trip. And I have Shelly low you gotta get to know Shelley, whereas many hats here at the gunnison capital management. She's the receptionist. She handles all the client inquiries coming in the newsletter issues the app issues, except her appointments with us all kinds of different things. And I tell them all look your job. Is to keep me looking at stocks. Okay. That's my thing. I am the asset manager I'm the chief investment officer at gunderman capital management. And we are adding to our team at some point in time. I'll be looking for that proto that who at some point in time under my tutelage, maybe ten years from now can take over. But I love what I do. I have no no plans of retiring any time soon. But I understand there's gotta be somebody at some point in time ready to step in should I get carried away by ever again in in Charleston or something like that. Anyway, let's take a look at what's going on in the world. Then we'll come back to the US what's going on in the US. And then we'll break it down into some individual stocks. That are in the news today. We know that the big world news right now is the potential for meeting. Things to resume this time between high level officials between the US and China. We got the big interest rate hike in Turkey. They're in big trouble. They're trying to shore up their market trying to shore up their economy. Central banks are in the news today. The Bank of England stays on hold. Okay. While Turkey's interest rate is twenty four percent. The Bank of England has zero point seven five percent. And I just look at it from a logical point of view. You cannot sustain growth in an economy by using monetary policy only, and that's what you're seeing Europe tried to do. And that's why you're seeing growth in Europe GDP at very very tepid numbers. Just barely above the line. And I would say that if the US would have just. Continued to try to keep the economy going through low interest rates. Economy would have died a lot quicker death. Had it not been for the monetary to fiscal not the Monterey the fiscal policy. That's done by congress that's done by tax cuts. That's done by incentives to buy machinery. That's done by injections into the economy to accomplish road projects or infrastructure, and that's what this current administration. Did what do you like them or you don't like them? It's pretty hard to argue with the results that have been achieved. In getting our economy out of that one to two percent, GDP rats. And up to the three four percent range, and it's showing up across the board in sectors all across America. Now, I've met with about twenty people so far here in Minnesota. I'll meet with another ten today. Many of them are business owners and the common complaint that I am hearing from business owners in Minnesota. Is we can't hire enough help the unemployment rate here is about three percent. The current crews, especially construction crews are working long hours, and there are not workers to be. They cannot be had. This is going to put upward pressure on wages. There's no question about that. That's going to eventually start to show up in the inflation numbers. Although it's not yet doing that. That's going to continue to cause the fed to hike interest rates, and that's to continue to be a death nail into the bond market and the acid. Alligators are going to be up to their eyeballs in a rising tide called rising interest rates and lowering bond values. I don't know how you can stick to a sixty forty bond stock allocation of fifty fifty or seventy thirty or whatever it is. When the hurricane warnings are out there. And this thing is now coming ashore and interest rates are rising with only prospects for higher tides picker flooding. And higher rates down the road. It just makes no sense to me. But that's the way it is. They stood still during the two thousand and eight did nothing. Well, let's stay. The course they stood still during the two thousand technology crash, and they just seemed to be like deer, and they had lights not wanting to make any kind of changes or corrections in the course that they are traveling in. Well, the euro zone continues to rely on monetary policy alone. And they're getting what can be expected from that euro-zone industry. Output is an age surprise fall. In Germany and Italy. Well, it should come. As no surprise. Their economy is slowing down. Their stock market is terrible. And they continue to see slow sluggish growth in the euro zone. But you think they have what it takes to give the folks a big tax cut and put money into the pockets of consumers at worked in America. Are they too stubborn to look at us? And see what we did. And the impact it's had on Home Depot and Lowe's, and WalMart, Lululemon hamburger, hamlet and all the other different places that depend upon the consumer. What done to our our unemployment rate? What is done to job creation?."