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The Ben Shapiro Show

Ep. 1499 - Joe Biden’s Stagflation Cannot Be Escaped

The Ben Shapiro Show

The Daily Wire

News, News Commentary

4.4152.4K Ratings

🗓️ 20 May 2022

⏱️ 47 minutes

🧾️ Download transcript

Summary

The economy stumbles toward stagflation as the White House doubles down on its worst ideas; another covid wave puts blue states on edge; and the media finally notice that Joe Biden was lying about Hunter’s Chinese cash connections. Tune in for the new episode of my Sunday Special with Jonathan Isaac this Sunday anywhere you listen to podcasts.  NBA star Jonathan Isaac has withstood immense pressure to conform to popular social issues. He wrote a book about his experience and it is available now: https://utm.io/ud96e  Join Ben and the Daily Wire for Backstage Live At The Ryman on June 29th. Get your tickets NOW: https://utm.io/uezFr  — Today’s Sponsors: Protect your online privacy with ExpressVPN. Visit EXPRESSVPN.com/BEN for 3 Months FREE. Allform provides high quality modular sofas designed for real life. Visit allform.com/BEN for 20% off all orders. Download the FREE Upside app with promo code 'SHAPIRO' and earn 25¢ or more CASH BACK on your first tank. Stop funding woke corporate agendas. Switch to PureTalk instead. Go to puretalk.com and enter code "SHAPIRO" for 50% off your first month. Learn more about your ad choices. Visit podcastchoices.com/adchoices Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

The economy stumbles towards stagflation as the Biden White House doubles down on stupid.

0:04.8

Another COVID wave puts blue states on edge.

0:07.4

And the media finally noticed Joe Biden was kind of lying about Hunter Biden and China.

0:11.4

I'm Ben Shapiro. This is The Ben Shapiro Show.

0:19.0

Today's show is sponsored by ExpressVPN. Want your web activity protected from people who would like to grab a hold of it? Well, do the same thing I do use ExpressVPN.com at ExpressVPN.com slash Ben. We'll get to all the news in just one moment. First, let me remind you that you are spending way too much on your cell phone coverage. Not only that, you are giving a lot of money to people who really, really don't like your viewpoint in all likelihood.

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They've made it clear through all of their social media marketing.

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They care a lot more about selling wokeness than they do about selling wireless to people who just want wireless service apolitically.

0:50.8

Well, we should probably stop giving these people more money than they deserve, or maybe any money at all. This is why you should be choosing Pure Talk instead. Just as Daily Wire

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1:07.8

Their service covers 99% of Americans, operates on the same 5G network as one of the big guys, for about half the cost. And you can get a limited talk, text, six gigs of data for just 30 bucks a month. Switching to PureTalk, it's incredibly simple. You can keep your number or your phone and get huge discounts on the latest iPhones and Android. They even have a 30-day risk-free guarantees. You have nothing to lose. Go to Peartotot.com,

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1:46.1

U.S. stocks and bond yields fell with very first month. All righty. So the economy is in serious, serious trouble. According to the Wall Street

1:45.5

Journal, U.S. stocks and bond yields fell with the S&P 500 at flirting with a bare market and a continuing

1:51.2

self-driven by investor fears that the economy could be pitched into a recession, the major indices

1:55.4

it dipped early in Thursday's session a day after tumbling 4% before recovering ground. They ultimately

1:59.7

finished lower, with all three on track for weekly losses of at least 2.9%. Concerns about consumer spending, which helped lift the market out of the pandemic loads, have weighed on stocks and bond yields. As well, bond yields tend to go down when people actually invest in bonds. People are rushing to bonds at this point has sort of a safe haven for investment, given the fact that there really is no great place to put your cash at this point. The NASDAQ composite index entered

2:21.9

bare market territory early this year. It retreated 29.66 points or 0.3%. Investors are buying

2:28.5

government bonds perceived as a haven asset. The yield on the 10-year treasury notes fell to 2.854%

2:34.1

from 2.884% on Wednesday losing

2:36.7

ground for seven of the past nine trading dales days. As I say, bond yields and prices

...

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