S11 EP160: Hour 3 - Something Wicked This Way Comes for the Economy

The Erick Erickson Show

Erick Erickson

News, News Commentary

4.5 • 874 Ratings

🗓️ 8 September 2022

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The markets remain in turmoil, the housing market is slowing, inflation is still high as the economy heads into uncharted rough waters.

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Transcript

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0:00.0	Welcome to the Eric Erickson Show podcast, Hour 3.
0:13.6	The BBC is interrupting its normal programs to bring you an important announcement.
0:26.6	This is BBC News from London. Buckingham Palace has announced the death of Her Majesty,
0:30.6	Queen Elizabeth II.
0:32.6	In a statement, the palace said
0:34.6	the Queen died peacefully at Balmoral this afternoon.
0:40.0	The King and the Queen consort will remain at Balmoral this evening and will return to London tomorrow.
0:48.2	BBC Television is broadcasting this special programme, reporting the death of Her Majesty the Queen.
0:59.1	There it is. Everybody behind him in tears and he breaks down live on air. Actually is a pretty
1:05.8	significant moment in world history to have that happen. That was the actual announcement from BBC a short time ago.
1:13.5	This is Eric Erickson.
1:14.6	It's my show.
1:15.4	The phone number is 877-97-973-7-4-25.
1:21.5	Welcome.
1:22.2	That's the news of the day.
1:23.3	But there is other news out there that we have to consider, including, well, the market turmoil today.
1:32.9	Right now, the Dow is up 131 points.
1:37.8	This morning, the Dow was tanking.
1:41.0	The headline this morning was that the markets were down because of Jerome Powell's comments about future rate hikes.
1:49.9	The headline has been revised now to the Dow gains 100 points as Wall Street looks past Powell's comments signaling future rate hikes.
1:59.6	It's an actual interesting role reversal.
2:03.6	This is, let me see if I get back to the beginning of the day. The markets were falling.
	...

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