You're listening to an I-heart podcast.

It's that time.

Lock and load.

The Michael Dairy Show is on the air.

Yeah. The Michael Very Show is of the newsletters I read of the newsletters I read that comes out of the Wall Street Journal called Hurt on the Street. A woman named Carol Ryan had written about warehouses.

And the headline was stocking up on warehouses.

And I thought what it was going to say, what I expected it to say, was warehouse stocks are up because I knew, I've been told, that companies who import a lot, who are scared of the tariffs,

they went ahead and blew their budgets on getting everything they could into the country before the tariffs hit.

Well, you've got to store it. You've got to add that cost.

So that becomes a pretty interesting calculation because the warehousing cost

has to has to offset the tariff savings so you could end up getting pinched if you end up bringing in a bunch of

stuff warehousing it and then the tariff doesn't hit because you were counting

on a competitive advantage. So what they have not seen is a big boost in warehouse stocks

because increasingly people do not believe that the tariffs are going to hit to the extent that they thought they were.

I've said all along, I'm not a predictor, I just tell you what I think, I've been wrong plenty of times before,

I'm not Rush Limbaugh with a 99.6% accuracy level as verified by Deloitte and Dush.

I believe that Trump threatens the tariffs to get

people to do things he couldn't otherwise do. The tariff with Mexico was never meant to be a

financial arrangement. It was to get Mexico to stop the flood of people into this country.

And after their president said it wouldn't happen, she had to double back and say it would because he can break their economy.

I received an email this morning from a fellow named Dan Agan.

And this will be our third Palm Beach trip, and we've done two Aspen trips.

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