Welcome in Clay Travis, Buck Sexton Show, hour number three, Wednesday edition, Buck and I are

both up here together in New York City and as we told you would happen, breaking news for those

of you out there in the market for a home or just borrowing money in general. The Fed has raised

its interest rates by another three quarter points. The biggest raises back to back since the

early 1990s to try to combat 9.1% inflation, 75 point basis point increase as was widely expected.

The stock market basically unmoved as that was just announced in the last five minutes,

but your borrowing cost increasing as there is a desperate desire to try and bring down

that 9.1% interest rate also creating potentially a larger issue of we've been discussing throughout

the course of today's show. It's very rare to be raising interest rates in a recession.

And tomorrow morning, we will officially get news at least for purposes of this show,

despite what the Biden administration is trying to argue on the contrary. We expect that the economy

will have shrunk again, a negative growth rate in the second quarter, which will be back to back

negative growth rates, which suggests that we are essentially already in a recession. So that

news, breaking buck during commercial break there and again, those basis points rise going to cost

you more to get a mortgage going to cost you more to borrow money in an effort to try to slow down

the economy and bring back inflation. Yeah, man. This is what happens when you spend too much money

or rather put too much money into the economy. It's as though we were running an experiment

over the course of COVID and then even accelerated into the Biden administration,

where we said, let's really reduce economic productivity for a little while. Let's make sure we

go into an artificial temporary recession, plug the country with money without any underlying

economic activity to support it or rather reduce economic activity to support it and see if we can

create some really bad inflation. That is what has happened here. And the fact that the Biden

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