4.4 • 1.2K Ratings
🗓️ 6 September 2024
⏱️ 58 minutes
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Will interest rates be cut? Who will win for president? Alan Lichtman says the Dems definitely have it, Nate Silver predicts Trump. And- Mark Pocan adds his insights.
Plus - Thom reads from "Tyranny of the Majority" by Lani Guinier.
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0:00.0 | This is the Tom Hartman program. |
0:18.0 | So the Fed meets again on September 18th, |
0:20.0 | but we had some economic numbers that came out. Employers added |
0:24.4 | a hundred and forty thousand jobs in August that's considerably less well somewhat |
0:28.6 | less than what economists were predicting which suggests that the economy is continuing to |
0:33.9 | slow down. July and June's numbers were also downward revised which more |
0:38.9 | evidence but the unemployment rate dropped from 4.3% down to 4.2%, which is good. |
0:46.0 | And average hourly earnings went up 4 tenths of a percent for 3.8% overall for the year. |
0:52.3 | So right now pay raises are beating inflation, which is a good thing. |
0:58.6 | And the average work week also increased slightly indicating that workers are getting more hours, |
1:02.3 | which is good news. |
1:03.3 | So that's the economic news and we'll see what happens on the 18th when the Fed meets. |
1:08.1 | It was in two weeks. |
1:09.3 | I'm betting on a quarter point drop. |
1:12.0 | A lot of folks are betting on and hoping for a half a point. I would |
1:15.0 | love to see a half a point. I think that frankly I think three quarters of a point is |
1:19.3 | justified. But we'll see where this goes. The Nostradamus of presidential election predictions is Alan Lichtman, |
1:27.0 | who's a distinguished professor at American University. |
1:30.0 | He has successfully predicted every U.S. presidential race since 1984. |
1:34.8 | He's got this what he calls 13 keys to the White House. |
1:40.2 | And he says there's no doubt in his mind the democrat |
1:43.0 | the democrats will hold out of the white house and comel lah Harris will be the next |
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