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The Fed’s interest rate announcement, consumers feeling the squeeze, and the problem with vilifying big oil w/ Eric Rosen
Today, your host Ryan Pallotta is joined by the author of the Rosen Report and industry expert Eric Rosen.
Ryan and Eric kick things off by talking about Wall Street legend Carl Icahn, with Eric recounting a memorable dinner he shared with the man Gordon Gecko was—in part—based upon.
Eric gives his thoughts on an expected interest rate hike of 25 basis points and the squeeze consumers are starting to feel with auto and credit card delinquencies on the rise and credit card and mortgage balances at an all-time high.
He then talks about a greater than zero chance of the US government being temporarily unable to pay its debt and the knock-on implications of that.
Lastly, Eric shares why he thinks EV goals are unrealistic and why the government should be enticing big oil companies with a carrot rather than beating them with a stick.
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By Ryan PallottaToday, your host Ryan Pallotta is joined by the author of the Rosen Report and industry expert Eric Rosen.
Ryan and Eric kick things off by talking about Wall Street legend Carl Icahn, with Eric recounting a memorable dinner he shared with the man Gordon Gecko was—in part—based upon.
Eric gives his thoughts on an expected interest rate hike of 25 basis points and the squeeze consumers are starting to feel with auto and credit card delinquencies on the rise and credit card and mortgage balances at an all-time high.
He then talks about a greater than zero chance of the US government being temporarily unable to pay its debt and the knock-on implications of that.
Lastly, Eric shares why he thinks EV goals are unrealistic and why the government should be enticing big oil companies with a carrot rather than beating them with a stick.