How do you see the US economy playing itself out over the next 12 months? This is an election year.

We can talk a lot about what just took place in Iowa and trying to understand how the American public is going to feel about the economy may ultimately dictate how the president is decided.

Yes, I agree with that. I think it's a mistake to assume that everything's hunky-dory.

And when stock markets are up, it's kind of like this little

drug we all feel.

Like it's just great.

But remember, we've had so much fiscal monetary stimulation.

So I'm a little more on the question side that we are facing a lot of things

in 24 or 25 and we mentioned Ukraine the terrorist activity in Israel, the Red Sea, quantitative tightening, which I still

question if we understand exactly how it works, I don't think we do, how QE actually

worked, what the effect of negative, you know, zero rates was for all this time, and obviously the politics.

And then the Ukrainian wars affecting oil, gas, food, migration.

So you have all these very powerful forces that are going to be affecting us in 24 and 25.

So if I was the government, I would be preparing what I'm going to do about that assuming things

aren't good.

And I just also want to point out I wish the

Democrats would think a little more carefully when they talk about MAGA, you

know and if you travel this country, you know, and the country's unbelievable. We took

our bus trip this year and Leslie Picker was on Spokane and Boise and Bozeman.

People are growing, they're hungry to grow, they're innovating, it's everywhere, it's not just Silicon Valley.

So we've got this great hand, but when people say MAGA, they're actually looking at people voting for Trump and they think they're voting and they're basically scapegoating them that you are like him and but I don't think they're voting for

Trump because there's family values if you look just take a step back be honest he's

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