Let's talk about Humpty-Dumpty and the economy....
Belle of the Ranch
Belle of the Ranch
4.9 • 1K Ratings
🗓️ 9 March 2020
⏱️ 7 minutes
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| 0:00.0 | Well, howdy there internet people, it's Bo again. So today we're going to talk about the economy. |
| 0:06.0 | Is it time to party like it's 1929? |
| 0:10.0 | Okay, so when we've talked about the economy before I've said this, but I'll say it again, |
| 0:17.0 | I'm not an economist. That is not my area of expertise. |
| 0:20.0 | What I know about the economy comes from a historical perspective. I can look at |
| 0:25.6 | certain events and say this happened in the past and this is what it meant then. |
| 0:29.4 | That's why we talked about the inverted yield curve. |
| 0:32.8 | Because when that happens, it normally means something bad is about to happen. |
| 0:39.0 | Okay. |
| 0:40.5 | So, today, somebody sent me something the entire US Treasury curve is under 1%. |
| 0:51.0 | You know what that means from a historic perspective? You don't and nobody else does |
| 0:58.0 | because it's never happened. That's that's that has not occurred before. |
| 1:03.0 | So I had to call people that actually understand the inner workings |
| 1:08.0 | rather than just being able to know that history rhymes. So after talking to a couple of different people |
| 1:17.9 | and digesting what they told me, I'm going to tell you what I kind of took away from it. |
| 1:25.0 | Our economy is Humpty Dumpty. |
| 1:26.7 | Okay? |
| 1:28.9 | To understand what's happening now, we've got to go back to the great recession. |
| 1:32.9 | Humpty Dumpty fell and he was put back together, right? |
| 1:37.8 | And in walks President Obama and picks him up and puts him back on the wall. |
| 1:42.7 | No, no. |
| 1:46.1 | He climbed up a ladder and Obama installed two of the steps. |
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