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Armstrong & Getty On Demand

Fluffing the Rice

Armstrong & Getty On Demand

iHeartPodcasts

News, Daily News, Society & Culture

4.63.5K Ratings

🗓️ 27 January 2023

⏱️ 38 minutes

🧾️ Download transcript

Summary

Hour 2 of A&G features an astute analysis on our economy & real estate via the filter of cannibalism. Plus, AP's absurd apology, a troubling stat, a neat-nick gives up and a founding papa offers some sound advice.

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Transcript

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0:00.0

From the Abraham Lincoln radio studio at the George Washington Broadcast Center, Jack Armstrong

0:16.0

and Joe Getty.

0:17.0

The Armstrong and Getty Show.

0:20.0

It's the economy that just keeps on kicking.

0:28.0

The Republicans were still spending heavily at the end of 2022, helping to drive an annual GDP rate of 2.9 percent, better than expected, and more good news, lower than expected weekly jobless claims.

0:41.0

The unemployment rate remains at a 50 year low, but the economy is slowing.

0:46.0

The concern from Main Street to Wall Street recession.

0:49.0

This is going to be a mild correction, is supposed to deepen dark.

0:54.0

I hope you're right.

0:57.0

Couple of things.

0:58.0

Number one, coming up one of the most important financial companies in America says these four cities will suffer a crash in home values, not unlike 08.

1:07.0

Good Lord.

1:08.0

Is one of them your city, dun dun dun.

1:10.0

Secondly, where was that from that report?

1:14.0

NBC news. That was sloppy. That's poorly edited. He left out a word.

1:23.0

That was bad.

1:24.0

And what I had one more comment on it.

1:27.0

I can't remember how it ended. It was had to do with how it ended.

1:31.0

But more data coming out just like in the last hour.

1:34.0

Oh, this is it. This is it. I'm sorry.

1:37.0

Got a long detailed email from somebody in the know talking about the unemployment rate and how what a huge share of people are unemployed and no longer seeking work and are beyond the limit for being counted as unemployed.

1:55.0

So they're slacking and collecting government money, but they're not listed as quote unquote unemployed.

...

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