Welcome to another edition of the Chicks on the Right podcast where we have on our friend and sponsor of the

show Zach Abraham from Bulwork Capital Management is with us once again and just before we started recording

this you gave us a term that we have not heard before that we need an explanation of doom spending what is it? Yeah.

So I mean it sounds fun. Yeah it does. Well I read the headline and I was like

ooh I'm in, right?

Yeah, somebody tells me the world is ending

and I'm like, I'm going doom spending.

Oh, yeah.

Or that's what I'm doing.

Yeah, it's like the guy that builds the bunker out

in the back of his yard you know and packs it

full of ammunition and guns he's doomed spending that's what I was thinking and you

know as a kid growing up watching movies like commando I was sitting there

thinking hey you know I could I could get into some of them spending here.

Right. Is it basically just prepping? No. That's what it sounds like. No. So it sounds like. So I think it's another

nonsensical term that the media has made up to try to shield the Biden administration from any responsibility for the economic situation.

Surprise! We're just going to keep coining new terms and new phenomena, right?

So, but I do think it says something interesting culturally.

So what they're looking at is that they're talking about

how despite the fact that credit cards are maxed and you're seeing delinquencies sore,

that people are basically grabbing every level or cash from any place that they possibly can.

So you see loans against 401k balances shooting up through the roof to extraordinarily high levels.

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