Ken interviews Financial Strategist Ron Glasnow.

The Mark Simone Show

Mark Simone

News

4.4 • 652 Ratings

🗓️ 26 November 2025

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ron discusses how consumers are preparing for Black Friday for shopping amid rising holiday prices. He shares practical budgeting strategies, such as setting strict budgets and focusing on essential purchases. In addition, tariffs being part of the economic policies are adding to consumer uncertainty. Both Ken and Ron emphasize the importance of patience in the coming months as the longer-term effects on consumers and the market unfold.

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Transcript

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0:00.0	Now more of the Mark Simone show on 710 WOR.
0:04.7	Filling in for Mark, here again is Ken Rosado.
0:08.2	And good to be with you on the Wednesday before Thanksgiving, and Mark is enjoying a nice
0:12.7	long weekend.
0:13.6	You know, new data from Deloitte shows that Americans are planning on spending less this Black
0:18.8	Friday than in years past.
0:20.4	It's a reversal from tradition.
0:22.4	Financial expert Ron Glasgow is here to talk about some possible reasons why and what
0:28.3	me way want to do to ensure that we have our budgets under control in 2026.
0:32.5	Good morning, Ron Glasgow.
0:34.6	Good morning.
0:35.3	How are you?
0:35.9	Good.
0:36.3	Very good.
0:36.8	Happy Thanksgiving in a little early. So this Deloitte data should be a little
0:40.9	concerning, right? Does it suggest a contraction of the economy could be on the way?
0:46.8	Yeah, I think it makes that suggestion. And I always say you never want to look at any one article.
0:50.6	You want to look at a spattering. but, you know, article after article shows that
0:54.7	consumer confidence is really down, probably for the lowest since three or four years ago
1:00.1	when interest rates were really spiking. So, you know, to me, it just feels like we've been
1:05.7	on this bull market for so long. You know, stocks are an all-time high, gold is at an all-time high. Everything's sort of at an all-time high. And, you know, stocks are at all time high, gold's at an all time high, everything
1:11.6	sort of at an all time high, and, you know, nothing goes up forever. So to me, it kind of feels like a jack in the box, and, you know, every quarter that goes by, when we have these new highs, it's kind of turning that crank, a quarter of a turn. And sooner or later, that jack's going come out of the box.
	...

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