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Schaftlein Report Airdate: Tuesday, February 6, 2924 Guest - David Brat Title: Vice-Provost for Engagement & PR, Liberty University
Headline - Debt, Taxes and Economic Cracks? 1) Consumers owe Credit card companies $1.05T. The U.S. government is $34T in Debt. Are we headed for a 'Death Spiral'? What causes a break? 2) Certain voices are calling for tax increases (former Treasury Sec. Robert Rubin). What about actual spending CUTS? With divided government in an election year, neither spending cuts or tax increases are even on the table. Vermont is considering a Wealth Tax. 3) S & P 500 at record high with certain technology stocks maintaining sky high price to earnings multiples. On the day record high was achieved, more stocks were in the red than in the green. 1987 was the last time that happened. We'll analyze. 3a) Are $2T government deficits contributing to the stock valuations? 4) Overall price levels remain high with no sign of reduction. CPI at 3% but car insurance is up 26%. Middle income and low income consumers are getting crushed. Rents have also remained high. Gas prices have come down, but will a wider middle east conflict cause them to go up? Politics at play? 5) Trump leading Biden by 5 points in latest NBC poll but way upon the economy and border security, which are the top 2 issues. 6) $118B Border, Ukraine, Israel aid bill in big trouble. YouTube: https://youtu.be/fFwPd_4DZeQ
Rumble: https://rumble.com/v4buatf-schaftlein-guest-dave-bratt-headline-debt-taxes-and-economic-cracks..html
Schaftlein Report Airdate: February 1, 2024 Guest - Tom Amenta Headline - Trump/Biden Poll Results Changing? Economy and Immigration are Top Issues 1) Who is correct Morning Consult or Quinnipiac? 1A) Consult has Trump up 45-40 and leading in all 7 swing states. Quinnipiac has Biden up 50-45 1B) Trump appears to be gaining among working class, Black and young voters, Biden gaining women and Independents? 1C) 65% of Voters want someone other than Biden or Trump. Advertising projected to be $10.2B with half still spent on TV adds. 1D) Manchin seriously considering a run under No Labels. Kennedy support around 15-18% 1E) In a 5 way race, Trump leads Biden by an average of 5 points. Betting markets have Trump up by 8. 2) By far, the top 2 issues are the Economy and Immigration or lack there of. 3) Homelessness hits a record 653K as rents rise. 4) 65% of Americans having difficulty covering one month of expenses and half can't cover a $1,000 emergency 5) Border Bill faces uncertainty in both chambers - we'll analyze 6) U.S. response to 3 service members killed? 7) Crime out of control and police numbers continue to drop.
Schaftlein Report Airdate: January 11, 2024 Guest - Drew Allen Headline - Republican Shake Up
1) DeSantis and Haley trade Insults and attack each other in heated Iowa Debate. "The donner debate" 1A) Trump holds town hall, then heads to NY for Civil Trial. Claims he has decided on VP. 1B) Christie drops out - hot microphone comments 2) GOP Conservatives revolt against spending bill. We agree with them. Enough is enough. We need to control the spending insanity 3) CPI comes in hotter than expected in December at 3.4% as we predicted. 4) Since Biden took office inflation is up 17.6%. Food up 33%, shelter up 19%, energy up 33% and electricity up 27% 5) U.S. unfreezes $10B Iran funds - Crazy 6) Houthi Rebels continue attacks against ships in Red Sea. 7) Nick Sabin retires, Bill Belichick and Patriots separate and Pete Carroll steps aside in Seattle
As the year concludes, Mark Schaftlein reflects on the 2023 political and financial rollercoaster of events. From market fluctuations to geopolitical tensions, as Mark and his guests dissected the complexities shaping economies worldwide. Their incisive analysis and insightful interviews brought clarity to viewers navigating a tumultuous year in politics and finance, making it an indispensable source for understanding the intricate dance between power and wealth in 2023
Special Guests Retired General Michael Flynn
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