The Economy Looks Fine on Paper - Here Is What Actually is Going On
Ken McElroy Show
Ken McElroy
4.7 • 712 Ratings
🗓️ 14 May 2026
⏱️ 23 minutes
🧾️ Download transcript
Summary
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The economy looks healthy on paper, but your grocery bill, gas tank, and rent say otherwise. Ken and Danille break down why the Fed's next move, AI-driven unemployment, and the hidden debt math could reshape everything you think you know about building wealth right now.
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Checkout KenPro - Ken's Education Platform: https://ken-mcelroy.learnworlds.com
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ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
Ken's company: https://thefoundersgroup.com
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Transcript
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| 0:00.0 | Welcome to the Ken McRoy Show. |
| 0:01.5 | Today we're going to be discussing the economy today and how politicians might be missing the mark. |
| 0:06.7 | What's interesting about this is a lot of people, you know, know that Jerome Powell was appointed by President Trump at the time. |
| 0:14.7 | And they also know that, you know, they don't get along right now, right? |
| 0:19.4 | And of course, Kevin Warsh is going to be the new Fed chair. |
| 0:22.8 | But what they may not know, which is when Trump was in office from 28 to 2019, |
| 0:31.0 | was that the Fed actually raised rates more than they cut them. |
| 0:35.0 | Now, a one little caveat. |
| 0:37.3 | In Trump's last year in office, do you remember what |
| 0:39.8 | happened? COVID. Yeah, Reese went to like nothing. So COVID, right? So then 2020, but one thing that is for |
| 0:46.8 | sure is we had, there were 22 million jobs lost in six weeks. But by the end of 2020, we were down to 6.7% unemployment. And then, of course, |
| 0:58.1 | it went down from there. So, you know, obviously it did recover. But what the Fed did during that time |
| 1:03.5 | was they slash rates to zero. And why is this important? I think it's important because it shows you what the feds moves are when |
| 1:12.9 | unemployment goes up. That's why I think it's important. And that's why I think it's worth noting. |
| 1:19.5 | So as AI rolls out and as all this stuff kind of, you know, comes out over this year, |
| 1:24.9 | and we all know that the job numbers, there's, there's, |
| 1:29.2 | there's what they announced. Then there's revision one. Then there's revision two. And then there's |
| 1:34.6 | the annual revision. And sometimes there's even more revisions. And so, you know, those numbers that |
| 1:39.5 | they come out with that the media reports aren't always accurate and there's revisions later but what's |
| 1:45.5 | interesting is 2025 we haven't really seen the real numbers right yeah and I think to really |
| 1:52.8 | get back to you know the cheap money angle you know I know that everyone's pushback is that |
| 1:59.5 | rates really aren't that high, but our whole |
... |
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