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The Ben Shapiro Show

Ep. 849 - Tearing Down Our Institutions

The Ben Shapiro Show

The Daily Wire

News, News Commentary

4.4152.4K Ratings

🗓️ 28 August 2019

⏱️ 55 minutes

🧾️ Download transcript

Summary

Will the Fed go to war with President Trump? Should America stop detaining illegal immigrants? Is a lesbian dating a transgender man now straight? All of these questions and more will be answered. Date: 08-28-2019 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

Will the Federal Reserve go to war with President Trump?

0:03.0

Should America stop detaining illegal immigrants?

0:05.2

Is a lesbian dating a transgender man?

0:07.7

Now straight.

0:08.4

All of these questions and more will be answered on this episode of the Ben Shapiro Show.

0:17.4

I'm not kidding.

0:18.2

We're actually going to answer that last question.

0:19.7

Or at least the Washington Post is going to try to, because the media are our guardians and our firefighters. Everything's going

0:25.9

swell in America, guys. So let's just jump right into the news. Apparently, the key yield curve

0:31.2

has now inverted to the worst level since 2007. So that's some good news to brighten up your

0:35.0

morning and your afternoon. 30-year rate has now dropped under 2%. According to CNBC, long-term treasury rates added to their month-long slide on Tuesday, aggravating a key yield curve inversion and sending the 10-year yield to its lowest level against the two-year rate since 2007. In other words, everybody in the world is buying long-term bonds. They're trying to store their money in long-term

0:54.2

bonds because they do not have a lot of faith in the short-term economy. The yield on the benchmark

0:57.7

to your treasury note, more sensitive to changes in federal reserve policy, fell to 1.526%, which is

1:03.8

five basis points above the 10-year notes rate of 1.476% after closing inverted on Monday.

1:10.4

Before August, the last inversion of this part of the

1:12.4

yield curve was the one that began in December 2005, two years before the financial crisis and

1:16.9

the subsequent recession. So there's pretty solid information now that sometime in the next

1:20.5

couple of years, the economy is going to slow substantially and maybe dump into recession.

1:25.9

Now, the Federal Reserve has been pressured, obviously, by President Trump in heavy ways

1:29.2

to pump up the inflationary policy at the Fed.

1:33.7

That, of course, is a bad idea as a general rule.

1:36.9

I am not in favor.

...

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