Living In A Post Truth World

Armstrong & Getty On Demand

iHeartPodcasts

Society & Culture, Daily News, News

4.6 • 3.5K Ratings

🗓️ 23 May 2022

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Hour 2 of Monday's A&G: A colorful look at Jay Powell's grip on the neck of Inflation. Short Temporary Moments of Brain Lapse and Panic. A look at the Biden administration, in a completely unrelated note to the previous segment, and boiled essence!

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Transcript

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0:00.0	The Arm Strong and Getty Show.
0:20.9	A rough week really for the market.
0:23.5	It's that what should American consumers understand is going on?
0:27.5	Look, I put some perspective on what we're going through right now.
0:31.2	The market is not the same as the economy.
0:34.0	When you look at the economy, you see a 3.6% unemployment rate.
0:38.2	You see 500,000 jobs being created a month.
0:41.9	You see consumer spending quite strongly.
0:45.1	So there's a lot of good things going on there.
0:47.4	But the market is sending a signal and it's one that we should be somewhat concerned about
0:51.4	and pay attention to.
0:52.7	Well, just no time to panic.
0:54.5	That's about the rosiest spin you can come up with from the left.
0:57.8	They're absolutely right.
0:58.9	The market is, Joe's been saying this for a year.
1:01.3	The stock market is not the economy.
1:03.9	The stock market has been a little rocky as a place.
1:06.7	It's been sending a signal and wait a minute.
1:08.8	I'm almost done decoding the signal.
1:12.8	Yes, carry the three.
1:14.3	The signal is we're doomed.
1:20.4	On Friday, the Dow Jones Industrial Average recorded its eighth straight week of declines,
	...

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