Thursday, February 29, 2024
The Morning Show Podcast
Carla Marie and Anthony
4.9 • 608 Ratings
🗓️ 29 February 2024
⏱️ 24 minutes
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Transcript
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| 0:00.0 | Welcome to Thursday's morning show podcast because you deserve a better morning. |
| 0:05.0 | We are going to kick off today's podcast with a great example of why you and what you do with your time and your dollars is actually the most important thing in our entire economy. |
| 0:18.9 | And what is Leap Day and why do we do it? We'll talk about that in |
| 0:22.9 | nerd news. Good morning and welcome to the Morning Show podcast. My name is Anthony. I'm Carla |
| 0:28.1 | Marie and today is Leap Day Thursday, February 29th, 2024. The Core 4. The four headlines you need to know. |
| 0:38.5 | I am begging you. |
| 0:40.7 | If you remember one thing from today's podcast, it is that you matter and your actions matter. |
| 0:46.9 | And how you spend your money also matters. |
| 0:50.2 | Now, if you remember, coming out of the pandemic in Joe Biden's first two years as president, |
| 0:54.8 | inflation was insane, right? The price of everything was going up. And honestly, some of those |
| 0:59.4 | price increases made sense for a little bit. You know, shipping things across the globe became a little |
| 1:04.3 | more difficult and factories temporarily shut down here and there. So things became more expensive |
| 1:09.4 | because there was less supply and too much |
| 1:11.7 | demand. But then as all of us started getting back to, you know, regular life and supply chain |
| 1:16.9 | issues went away. The corporations realized something. They realized as their costs to produce |
| 1:23.6 | started coming down, they didn't need to lower the price for us because we were still |
| 1:28.9 | buying all of the stuff that was more expensive until we weren't. And this is the cool part. |
| 1:35.3 | We as consumers started getting fed up with higher costs and a lot of people just stopped |
| 1:40.4 | spending money. Economists have actually said that people started getting smarter with |
| 1:44.9 | their finances when they realized how much money these corporations were bringing in and how much |
| 1:50.5 | their CEOs were making. And because people started making better financial decisions and |
| 1:55.6 | stopped buying as much, inflation started coming down because corporations started to lower their prices. |
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