4.7 • 1K Ratings
🗓️ 11 April 2025
⏱️ 22 minutes
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0:00.0 | Hello, fellow Rebel Capitals, hope you're well. So once again, we have got a lot to talk about an incredibly volatile day. |
0:07.7 | I cannot believe what we just saw with the University of Michigan Consumer Sentiment Survey. |
0:18.7 | I mean, this is shocking. And I know a lot of commentators out there, |
0:24.4 | just blaming it on the Democrats, but it's like Michael Jordan saying. Remember when he said |
0:28.6 | Republicans buy shoes as well? Well, guess what? Democrats buy shoes as well, or sneakers or |
0:33.7 | whatever it is. So you can't just say, oh, those stupid Democrats, they've just been watching CNN too long. |
0:39.5 | And by the way, have the Democrats been watching CNN or have they been watching Peter Schiff or Zero Hedge? |
0:46.8 | I think that's an honest question, right? |
0:49.1 | But we'll get into the Zero Hedge article in a bit. |
0:52.1 | But the bottom line is regardless of if you think |
0:55.3 | democrats are stupid or just not seeing this right or anything like that the bottom lines they're |
1:00.2 | not going to spend and and if they're 50% of the economy regardless of how stupid they are they're |
1:05.9 | that's going to lead to an economic contraction but we're going to think these things through |
1:10.3 | so let's go over to the actual survey itself and there going to lead to an economic contraction. But we're going to think these things through. |
1:14.2 | So let's go over to the actual survey itself. And there is quite a discrepancy from what I'm seeing here. |
1:19.9 | Now, maybe I'm just not seeing the complete data. |
1:25.0 | But as far as I can tell, this is a preliminary report. |
1:31.7 | And here it says next data release, Friday, April 25th. |
1:37.3 | And then the final April data, for final April data. |
1:41.3 | Okay, got it. |
1:42.5 | So this is kind of a preliminary report according to kind of |
1:47.2 | how I read it. And that's what it said on the Market Watch calendar as well, which was, let's look at |
... |
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