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The John Batchelor Show

MRMARKET: Lancaster Report Special Edition: No sign of panic as the VIX tops 45 and the fear of the unknown cools over the weekend. Jim McTague, former Washington editor, Barron's. @McTagueJ. Author of the "Martin and Twyla Boundary Series." #FriendsOfHis

The John Batchelor Show

John Batchelor

News, Books, Society & Culture, Arts

4.62.7K Ratings

🗓️ 6 April 2025

⏱️ 14 minutes

🧾️ Download transcript

Summary

MRMARKET: Lancaster Report Special Edition: No sign of panic as the VIX tops 45 and the fear of the unknown cools over the weekend. Jim McTague, former Washington editor, Barron's. @McTagueJ. Author of the "Martin and Twyla Boundary Series." #FriendsOfHistoryDebatingSociety

1942 ARMISTICE DAY LANCASTER PA

Transcript

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0:00.0

I'm John Batchelor. I welcome my colleague Jim McTag, former Washington editor of Barron's Magazine,

0:06.4

now a novelist in Lancaster County, the best county in the Keystone State. The day after,

0:13.0

the day after, the day after, the markets pause for the weekend, and Jim's been moving around

0:19.6

in Lancaster County. Jim, a very good evening to you.

0:22.9

Thank you very much. The question is, are things normal in Lancaster County? You've been out to lunch

0:28.8

and to brunch? Are people saving their funds, burying their coffee cans of pennies? How are they

0:36.2

responding to the market drop after two days?

0:39.6

Good day to you. Good day, John. Life goes on as it always has here. It's as if there is no stock

0:48.5

market in Lancaster, Pennsylvania, or no knowledge of one, it's as if Washington, D.C. is a million miles away, not just 125 miles away. I went to the Oregon Dairy today for a luncheon with my wife's relatives. It's a diner that specializes

1:11.3

in ice cream

1:13.0

and the place was

1:14.9

pretty packed

1:16.3

and the waiter told me

1:18.9

that since the beginning

1:21.1

of March

1:21.8

the crowds have been

1:24.5

returning

1:25.4

so in short the economy The crowds have been returning.

1:40.5

So in short, the economy in Lancaster has not noticed the things that have affrighted the stock market.

1:43.3

They don't know that the world is over and you didn't tell them.

1:45.0

Okay, let's talk about prices. What's a milkshake cost at this gathering spot? $6, which that's a bargain because

1:55.8

most places are charging over $10 now. So an ice cream cone is about five bucks.

...

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