Daily Review with Clay and Buck - Jun 17 2022
The Clay Travis and Buck Sexton Show
iHeartPodcasts
4.5 • 11.4K Ratings
🗓️ 17 June 2022
⏱️ 55 minutes
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Transcript
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| 0:00.0 | Welcome to today's edition of the Clay Travis and Buck Sexton Show podcast. |
| 0:05.4 | Welcome in Friday edition Clay Travis and Buck Sexton Show. |
| 0:11.2 | We had a awesome night. Got to meet a lot of our listeners as we celebrated one year on the program |
| 0:18.1 | last night in New York City. Thanks to all who came out and we are looking forward to rolling |
| 0:24.0 | in to year two and continuing to be voices for sanity and an insane world. |
| 0:28.8 | Hope all of you are having a good early start to your weekends and we are certainly prepared to |
| 0:34.9 | power you right into that afternoon evening fun of Friday. But there remains unfortunately |
| 0:45.0 | the ongoing cloud of incompetence surrounding the Biden administration as we are speaking to you. |
| 0:52.9 | The stock market having one of its worst weeks ever is down 123 points again today. |
| 1:02.4 | It has been a real drumming that the stock market has been taking as our overall national economy |
| 1:09.7 | tries to come to grips with the overall inflation rates and I would just say this buck. |
| 1:16.5 | I think we're already in a recession. This is my prediction. It didn't get a great deal of |
| 1:22.0 | attention. But if you looked when we had the three quarter rate interest interest rate hike |
| 1:27.8 | three quarter point interest rate hike that happened earlier this week. |
| 1:32.0 | The Fed lowered its second quarter predictions on GDP to zero zero point zero. The growth rate had |
| 1:38.9 | been point nine percent. It wasn't exactly a sterling growth rate. But if they are now forecasting |
| 1:45.0 | zero point zero percent effectively, which is what they are. In other words, just barely avoiding a |
| 1:51.1 | negative number. It feels to me like we are probably already in a recession. We know that in the |
| 1:57.1 | first quarter GDP went down to consecutive quarters of negative GDP is a recession. Buck, I think we're |
| 2:05.5 | in a recession. I want to play you this audio because Joe Biden finally did an interview and he |
| 2:10.3 | talked with the AP in the Oval Office and he said that a recession is not inevitable. I think |
| 2:16.8 | unfortunately we're already in a recession. We play cut seven here for you as CNN is even |
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