The Mark Simone Show.

Mr. New York.

710 W.O.R.

Well, Steve Moore, one of our great economists, you should get his book.

His latest book is GovZillah.

Make sure you get that book.

And follow him at Twitter, Stephen Moore at Twitter.

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He gives a daily briefing.

It's really good. It's free. It'll come right to your email every day. Go to the committee to unleashprosperity.com. Committee to unleash prosperity.com. Steve Moore, how you doing? I'm doing terrible, Mark. Have you looked at what's happening on the market today? I can't look. I can't look. It's just a route. It's a route. It's just so bad. I'm very, very nervous about a financial situation right now as a country. I mean, when you spend and borrow and print $4 trillion, I've said this on your show many weeks in a row, you know, at some point that the chickens are going to come home to roost. And unfortunately, it looks like that's happening now. It's, you know, the mortgage rate

just hit 6.7%. It was 2.7% when Trump left office. So that's an incredible increase.

And so I'm nervous about things. And I think, you know, we've got to get to these November

elections and get rid of some of these rascals. And then we'll see, I think, some, as our buddy Larry Kudlow says, the cavalry is coming. But are they going to get here soon enough, Mark? Hey, speaking to Trump, he's been doing, he's been done a lot of interviews this week where he's been warning everybody you see the gas prices dropping that's because

they've been releasing oil from the reserve and artificially lowering it and they're going to

stop doing that the day after the election which will create a big spike in oil now what's that

going to do to inflation well a couple things on that one is that the the uh you know especially after

the hurricane you know went through florida where we have, you know, wells that will be affected. So that's going to affect the supply of oil. So I think you're going to unfortunately see another rise in gas prices. And by the way, we're running pretty close to empty now on the strategic reserve. I mean, I think I saw it's lower than any time than it's been in 40 years than the amount of oil in that strategic reserve. So I am nervous about that. And, you know, if inflation goes up, you know, that means higher energy prices. You know, what's going to stop this cycle? You you know what's going to stop this

cycle you know what's going to stop it because everything that Biden's doing I mean

he just announced the other day he's going to go forward with that what now it's

a four what was the number of four hundred billion dollars for the student

loan bailouts we're spending money like this candy.

Yeah.

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