Hello, fellow Robo Capitals, hope you're well.

So the leading economic indicators have come out.

And unfortunately, it doesn't look good.

Let's go over there and see what they're saying.

And then they actually can quantify on their, using their index, I guess you'd call it, what the recession risk is.

And as you can imagine, it got a lot worse.

So let's go over and check that out.

And then what I want to do is talk about how the government's solution to this could be MMT.

And this is where it gets dangerous, like properly, properly dangerous.

And what they're doing right now, and this just came out today,

is they're talking about merging the Federal Reserve and the Treasury, at least in terms of the head of the Federal

Reserve and the Treasury being Scott Bessent. And what's crazy is I have been talking about this.

I haven't talked about it in the last month, but when Trump was coming out and talking about

firing Powell and replacing him with someone,

I'm like, yeah, why not just replace him with Scott Bacent? He's obviously a yes man. And then what

you're doing is you're effectively combining the Fed and the Treasury. And I was talking about this like a

month ago. And sure enough today, we start seeing the headlines.

All right, let's go over to the conference board. And I know a lot of people don't like the

University of Michigan survey because they say, oh, it's skewed Democrat and it's all political

and blah, blah, blah. And I get that. I still like looking at the University of Michigan survey.

And the reason is because you can see the trend with the Republicans.

So let's just assume for a moment.

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