4.7 • 1K Ratings
🗓️ 19 March 2025
⏱️ 34 minutes
🧾️ Download transcript
Click on a timestamp to play from that location
0:00.0 | Hello, fellow rubble capitals, hope you're well. |
0:02.1 | So big news of the day, retail sales really took a hit. |
0:07.7 | We're going to go over that and keep in mind that retail sales are a nominal term. |
0:11.2 | So when you adjust for inflation, it is a heck of a lot worse. |
0:15.4 | Also, the New York Fed's manufacturing survey comes out today and plummets to a level that we haven't seen since |
0:23.8 | 2023, which of course begs the question, is the economy starting to roll over? Are we seeing |
0:32.6 | the cracks in the dam, so to speak, get bigger and bigger and bigger to the point where even the |
0:37.7 | mainstream media has to acknowledge it, the narrative changes, and then the stock market |
0:43.3 | continues to go down. There are no certainties, only probabilities, but I think these are the |
0:47.1 | questions we need to be asking as prudent investors. And then also I want to touch on this insanity from the New York Times |
0:57.5 | in this article. They had the audacity to publish this Sunday. You're definitely going to |
1:03.3 | stay tuned for that. So first and foremost, let's get over to retail sales out today. Here we go from the U.S. Census Bureau. |
1:13.9 | And you kind of get the feeling, too, that the floodgates are opened as far as the |
1:19.6 | economic data. |
1:20.6 | And what I mean by that is they're holding back or, let's say, spinning the data, manipulating the data when Biden was in office. |
1:29.3 | And now of a sudden it seems like, okay, we can tell the truth. |
1:33.1 | The floodgates are open. |
1:34.2 | Here's what's really happening when we open up the kimono. |
1:37.4 | Maybe that's happening. |
1:38.6 | Maybe it's not food for thought, right? |
1:41.1 | So when we look at the U.S. Census Bureau, and this is, this was released today, |
1:47.1 | advance monthly sales for retail and food services. Now, first and foremost, look at the trend. |
... |
Transcript will be available on the free plan in -13 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from George Gammon, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of George Gammon and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.