WEBVTT 1 00:00:00.120 --> 00:00:01.639 What's Doge digging out? 2 00:00:01.800 --> 00:00:04.599 We're talking about fraud, waste abuse. 3 00:00:04.759 --> 00:00:08.199 CHET can't often for the latest. Fifty five krc D 4 00:00:08.519 --> 00:00:13.720 Talk Station eight oh five fifty five r c E 5 00:00:13.759 --> 00:00:16.280 Talk Station. Very Happy Monday to you. I always enjoy this. 6 00:00:16.280 --> 00:00:19.679 Time of the hour, eight o'clock on Mondays because we 7 00:00:19.719 --> 00:00:22.000 get to hear from all our financials Brian James and 8 00:00:22.399 --> 00:00:25.440 deal with money Monday, Brian James, Welcome back to the 9 00:00:25.480 --> 00:00:26.960 morning show, and Happy Monday to you, sir. Hope you 10 00:00:27.000 --> 00:00:27.839 had a wonderful weekend. 11 00:00:28.280 --> 00:00:30.960 Good morning, Brian Thomas, back at you, and hope you're 12 00:00:30.960 --> 00:00:31.679 doing well as well. 13 00:00:31.960 --> 00:00:34.719 I am doing great, other than the general frustrations of 14 00:00:34.719 --> 00:00:36.640 the political landscape and all the other topics got to 15 00:00:36.679 --> 00:00:38.359 deal with every day, most of which I have no 16 00:00:38.479 --> 00:00:41.200 control over. But before we get into the topics you have, 17 00:00:41.359 --> 00:00:44.119 I just wanted to know because I remember Nathan Backrack 18 00:00:44.159 --> 00:00:46.799 and I think, oh, I know, you know. They created 19 00:00:46.840 --> 00:00:50.399 what they called, I believe, the greased Palm Index, and 20 00:00:50.439 --> 00:00:55.320 they tracked the lobbying dollars the more the lobbying money 21 00:00:55.399 --> 00:00:57.640 was spent, and they put it into a particular fund. 22 00:00:57.719 --> 00:01:01.200 So the big contributors to political campaigns ones with the 23 00:01:01.240 --> 00:01:05.920 most lobbying dollars were putting funds to track them to 24 00:01:05.959 --> 00:01:10.079 see if they grew at a faster rate than say, 25 00:01:10.239 --> 00:01:12.719 other index funds, which I thought was kind of a 26 00:01:12.719 --> 00:01:14.560 brilliant thing. I don't know how I ended up working out, 27 00:01:14.599 --> 00:01:17.239 but I wanted to know along those same lines, is 28 00:01:17.280 --> 00:01:21.760 there a military industrial complex index like where you got 29 00:01:21.760 --> 00:01:25.120 all the defense contractors put in one single fund, because 30 00:01:25.120 --> 00:01:27.480 it seems to me those guys are probably doing pretty well. 31 00:01:29.439 --> 00:01:33.000 Yeah, that's a great observation, and yeah, I'm sure there is. 32 00:01:33.079 --> 00:01:35.319 That's not something I pay attention to directly, but I 33 00:01:35.319 --> 00:01:37.920 can guarantee you that there is somebody out there that 34 00:01:38.000 --> 00:01:41.159 has built a pile of investments around any idea that 35 00:01:41.239 --> 00:01:44.200 anyone might might assume is getting a lot of money 36 00:01:44.239 --> 00:01:44.760 thrown at it. 37 00:01:44.840 --> 00:01:46.159 So there are all kinds. 38 00:01:45.959 --> 00:01:48.640 Of investment products that focus on industries and things like that. 39 00:01:48.680 --> 00:01:50.840 And as you mentioned, yeah, I'm not sure whatever happened 40 00:01:50.840 --> 00:01:51.200 to it either. 41 00:01:51.200 --> 00:01:53.680 Maybe they don't pay attention as much anymore now that 42 00:01:53.680 --> 00:01:56.480 they're retired. Yeah, yes, I do recall the idea behind 43 00:01:56.560 --> 00:02:00.000 let's go follow who gets money thrown at them and 44 00:01:59.760 --> 00:02:02.159 in those different areas, And yeah, of course, anytime there 45 00:02:02.159 --> 00:02:04.920 is spending, there's going to be an equal and opposite 46 00:02:04.920 --> 00:02:07.640 reaction in the investment underlying value. 47 00:02:07.359 --> 00:02:09.360 No doubt about it. All right, let us move over 48 00:02:09.400 --> 00:02:11.360 to the topics you actually present it to me. Appreciate 49 00:02:11.400 --> 00:02:14.639 you indulging me on that. Though first quarter GDP growth 50 00:02:14.680 --> 00:02:18.479 looks like, according to CNBC, on track for negative growth. 51 00:02:19.639 --> 00:02:20.439 Well go figure. 52 00:02:20.680 --> 00:02:23.280 When you add a bunch of costs in things in 53 00:02:23.360 --> 00:02:25.879 terms of tariffs, and we start to get the talking 54 00:02:25.919 --> 00:02:28.960 heads and the projections coming out, we're starting to see 55 00:02:29.159 --> 00:02:32.840 the possibility of negative growth predictions. So Atlanta FED is 56 00:02:32.879 --> 00:02:35.280 now predicting that we're going to see the GDP shrink 57 00:02:35.360 --> 00:02:37.800 by about one and a half percent here in the 58 00:02:37.840 --> 00:02:41.400 first quarter of twenty twenty five. They're kind of known 59 00:02:41.479 --> 00:02:45.520 for this. This particular tracker is always leans toward the 60 00:02:45.599 --> 00:02:48.639 volatility side, and it usually becomes a little clearer later 61 00:02:48.680 --> 00:02:50.680 in the quarter. But still this is just kind of 62 00:02:50.680 --> 00:02:53.120 a warning of what shouldn't be too shocking. Even the 63 00:02:53.159 --> 00:02:55.000 President himself came out and said there could be some 64 00:02:55.039 --> 00:02:57.639 pain here on the front end as they implement the 65 00:02:57.639 --> 00:02:59.240 things that they want to do. So where this is 66 00:02:59.280 --> 00:03:02.719 coming from, consumers spent a little less than expected in January, 67 00:03:03.120 --> 00:03:05.680 and that led to a downgrade and growth predictions in 68 00:03:05.759 --> 00:03:09.680 the GDP. Exports dropped a bit too, and some other 69 00:03:09.719 --> 00:03:12.080 places as well. We've all heard about the egg prices 70 00:03:12.199 --> 00:03:15.639 and inflation popping up in certain places too. But yeah, 71 00:03:15.680 --> 00:03:17.319 this is all coming together to make it look like 72 00:03:17.360 --> 00:03:19.120 it could be a bumpy first Quarterbran. 73 00:03:19.120 --> 00:03:22.319 Well, you know, I have to observe. When people's extra money, 74 00:03:22.360 --> 00:03:24.400 to the extent they have any disposable income, is being 75 00:03:24.439 --> 00:03:27.680 sucked up by increased property taxes and increase energy bills, 76 00:03:28.159 --> 00:03:30.039 you're not going to be participating in the economy and 77 00:03:30.120 --> 00:03:33.439 keeping our consumption economy going. 78 00:03:34.960 --> 00:03:37.199 Yeah, that's true. It all plays together. All the puzzle 79 00:03:37.199 --> 00:03:39.479 piece has got to fit one way or another. So 80 00:03:39.520 --> 00:03:41.759 there's a lot of impacts here coming from a bunch 81 00:03:41.800 --> 00:03:44.280 of different directions, just all the data we have now, 82 00:03:44.400 --> 00:03:47.080 and we have a new administration that is shaping data 83 00:03:47.080 --> 00:03:49.280 and looking at it differently. They even saw a reference 84 00:03:49.319 --> 00:03:54.280 to the possibility that they may split out government spending from. 85 00:03:54.159 --> 00:03:57.360 The GDP calculation. Yeah, purportedly to. 86 00:03:58.479 --> 00:04:00.560 Get shine a little a brighter light on where the 87 00:04:00.560 --> 00:04:02.599 money comes from and where it all goes. But that's 88 00:04:02.639 --> 00:04:05.439 going to be yet another indicator we all have to 89 00:04:05.439 --> 00:04:07.719 pay attention to when people are still struggling to understand 90 00:04:07.719 --> 00:04:08.759 the ones that come out every day. 91 00:04:08.759 --> 00:04:11.400 Now, I would love to know that figure. I'm surprised 92 00:04:11.439 --> 00:04:12.599 that hasn't been done yet. 93 00:04:13.439 --> 00:04:15.520 I think it gets done, it just doesn't get broadcast. 94 00:04:15.560 --> 00:04:17.800 We talk about GDP every quarter. I mean, there are 95 00:04:17.839 --> 00:04:20.680 websites out there. All this stuff is freely available to 96 00:04:20.720 --> 00:04:22.519 anybody who wants to dig it out, but the media 97 00:04:22.560 --> 00:04:24.680 doesn't pick up on that. We like our simple bullet 98 00:04:24.680 --> 00:04:28.000 points and our soundbites and things, and that's always been 99 00:04:28.040 --> 00:04:30.800 what is the GDP as opposed to all the different 100 00:04:30.839 --> 00:04:32.040 derivatives of the GDP. 101 00:04:32.199 --> 00:04:33.720 So, yeah, those numbers are out there. 102 00:04:33.759 --> 00:04:36.000 It would be good to see how much of our 103 00:04:36.279 --> 00:04:41.360 GDP purportedly is grown by actual little government spending, so 104 00:04:41.399 --> 00:04:42.879 that we know what the impact is going to be 105 00:04:42.879 --> 00:04:44.560 when we choose not to spend that way anymore. 106 00:04:44.600 --> 00:04:46.199 Well, I know, but I mean you think about like 107 00:04:46.439 --> 00:04:50.879 the green industrial complex as I called it earlier, that 108 00:04:51.319 --> 00:04:54.519 is basically fully supported by the government and government spending. 109 00:04:54.759 --> 00:04:56.519 I mean a lot of these companies wouldn't even exist 110 00:04:56.519 --> 00:04:59.720 but for the government and fusion of our taxpayer dollars. 111 00:05:00.480 --> 00:05:02.000 Yeah, there's a lot of there's a lot of that 112 00:05:02.040 --> 00:05:02.279 out there. 113 00:05:02.319 --> 00:05:04.639 Matter of fact, some of your largest companies, your your 114 00:05:04.680 --> 00:05:07.040 sexiest stories of the last decade have come with a 115 00:05:07.079 --> 00:05:10.519 lot of government investment and our you know, our President 116 00:05:10.600 --> 00:05:14.079 in chief, Elon Musk, is no stranger to that. A 117 00:05:14.079 --> 00:05:16.680 lot of the dollars that went into Tesla came from 118 00:05:16.720 --> 00:05:19.199 the same came from those same green budgets as well 119 00:05:19.240 --> 00:05:21.839 as heaving those that SpaceX has taken a lot of 120 00:05:21.839 --> 00:05:23.600 dollars from the federal government because they do a lot 121 00:05:23.639 --> 00:05:24.759 of things that NASA used to do. 122 00:05:25.519 --> 00:05:26.759 Yeah, but more efficiently. 123 00:05:28.040 --> 00:05:29.000 That's true. That's true. 124 00:05:29.000 --> 00:05:31.839 So there is a negative thing, but it's something we've 125 00:05:31.879 --> 00:05:33.000 never paid attention to before. 126 00:05:33.079 --> 00:05:36.639 To your point earlier, Yeah, those astronauts are still stranded 127 00:05:36.680 --> 00:05:39.040 up in space too. I must observe on that or not. 128 00:05:39.040 --> 00:05:41.120 Not a comical note. I feel sorry for those folks, 129 00:05:41.120 --> 00:05:42.879 but if you can't do it yourself, you've got to 130 00:05:42.920 --> 00:05:49.240 rely on outsourced companies and maybe do it more efficiently. Anyhow, Now, 131 00:05:49.319 --> 00:05:51.959 in terms of the first quarter being on track for 132 00:05:52.000 --> 00:05:54.360 negative GDP growth, is that an indication that the Fed 133 00:05:54.439 --> 00:05:55.639 might lower interest rates? 134 00:05:56.720 --> 00:05:59.319 Could be but not the other thing the FED has 135 00:05:59.360 --> 00:06:01.839 to worry about is we want to keep the economy running, 136 00:06:01.839 --> 00:06:03.199 but we also have to worry about inflation. 137 00:06:03.279 --> 00:06:04.959 That's really the Fed's job, those two things. 138 00:06:05.040 --> 00:06:06.759 Let's make sure everybody has a job, and let's make 139 00:06:06.759 --> 00:06:09.160 sure inflation is under control when you really boil it down. 140 00:06:09.240 --> 00:06:09.920 That's the goal. 141 00:06:10.240 --> 00:06:13.519 So when we're talking about inflation being a factor in 142 00:06:13.600 --> 00:06:16.360 all this in the slowdown, that does not indicate that 143 00:06:16.399 --> 00:06:18.519 we're going to see further rate cuts anytime soon. And 144 00:06:18.519 --> 00:06:20.720 I would say we're I don't think that has changed 145 00:06:20.759 --> 00:06:24.439 in the past several weeks because inflation really is it's 146 00:06:24.600 --> 00:06:26.480 very sensitive right now. It's not going to take much 147 00:06:26.519 --> 00:06:29.199 of an impact of anything, as we've already seen to 148 00:06:29.319 --> 00:06:31.959 drive prices back up where we were a few years ago. 149 00:06:32.160 --> 00:06:33.680 So I don't think we're at a point yet where 150 00:06:33.720 --> 00:06:35.959 we're on the brink of that happening. But we're also 151 00:06:36.160 --> 00:06:38.240 definitely not an environment where we're going to see a 152 00:06:38.319 --> 00:06:39.480 rate cut tomorrow. 153 00:06:39.399 --> 00:06:41.959 Well other than the real estate market, because if you 154 00:06:42.000 --> 00:06:44.079 lower the interest rates and it has an impact on 155 00:06:44.279 --> 00:06:50.240 the current real estate interest rate, how else is the 156 00:06:50.319 --> 00:06:53.040 interest rate from the FED? How does that impact inflation? 157 00:06:53.199 --> 00:06:54.000 Generally speaking? 158 00:06:55.160 --> 00:06:58.959 Well, any cost of anything has to do with what 159 00:06:59.000 --> 00:07:01.040 does it cost to produce that good or service it 160 00:07:01.079 --> 00:07:02.680 and to begin with So if there's a company out 161 00:07:02.720 --> 00:07:05.279 there that has borrowed money to pay its employees, to 162 00:07:05.279 --> 00:07:07.360 build its factories, to do whatever it needs to do, 163 00:07:07.600 --> 00:07:10.720 then that is a factor that's that will ultimately trickle through. 164 00:07:10.759 --> 00:07:13.399 Everything trickles down to the consumers. So you have the 165 00:07:13.439 --> 00:07:16.399 producers and the consumers. The consumer's got to pay the bills, 166 00:07:16.439 --> 00:07:19.439 including all the taxes. No different than if your property 167 00:07:19.439 --> 00:07:22.279 taxes go up and you're renting an apartment. You won't 168 00:07:22.319 --> 00:07:24.079 think that, hey, I got to pay a bigger property 169 00:07:24.120 --> 00:07:26.120 tax bill. No, you don't have a property tax bill, 170 00:07:26.240 --> 00:07:28.160 but your rent's going to go up because your landlord's 171 00:07:28.199 --> 00:07:29.920 going to take it from you. That's the same thing 172 00:07:29.959 --> 00:07:32.639 that happens to every consumer in every corner of the 173 00:07:32.639 --> 00:07:35.639 world everywhere, because all those costs get passed down. So 174 00:07:35.759 --> 00:07:37.800 that's where the impact will be seen and you have 175 00:07:37.839 --> 00:07:39.279 to look closely to see it sometimes. 176 00:07:39.720 --> 00:07:42.000 All right, fair enough, Well, I take an early break 177 00:07:42.000 --> 00:07:44.839 here because we want to talk about food prices and inflation, 178 00:07:45.000 --> 00:07:47.160 which I think has to tie in with the next 179 00:07:47.160 --> 00:07:49.920 topic we'll do in the next segment, which is expect 180 00:07:50.000 --> 00:07:53.560 restaurant bankruptcies. So we've seen quite a few of those lates. 181 00:07:53.600 --> 00:07:55.240 So let's pause a little bit early. We'll bring back 182 00:07:55.279 --> 00:07:58.199 Brian James and talk about those. After I mentioned my 183 00:07:58.240 --> 00:08:00.959 dear friends at twenty two three Route forty to Mason eleven, 184 00:08:01.000 --> 00:08:03.879 I got a special email from Wendy. She's the owner 185 00:08:03.920 --> 00:08:06.959 along with Jeff. I just think the world of both 186 00:08:06.959 --> 00:08:09.319 Wendy and Jeff and just to run a really great 187 00:08:09.399 --> 00:08:12.560 gun store in indoor fire range. And so they were 188 00:08:12.560 --> 00:08:16.160 talking about the inventory of pre owned firearms, this opportunity 189 00:08:16.199 --> 00:08:19.759 to save money. But man, she has a huge selection 190 00:08:20.000 --> 00:08:23.800 of pre owned guns like rifles, has more than forty 191 00:08:23.879 --> 00:08:26.519 and everything from an Ithaca saddle gun to a modern 192 00:08:26.720 --> 00:08:29.199 Daniel Defense MV four to seven if you know what 193 00:08:29.240 --> 00:08:33.879 that is. Shotguns like eight seventies and Browning Light twelve revolvers. 194 00:08:33.919 --> 00:08:37.120 They have more than forty revolvers, Taurus eighty five, a setting, 195 00:08:37.600 --> 00:08:41.279 a match set of Vaccio's I'm not sure what those are. 196 00:08:41.360 --> 00:08:46.080 But pistols, Yeah, about one hundred and fifty tons of 197 00:08:46.240 --> 00:08:50.200 pistols concealed carry options and they have older guns as 198 00:08:50.240 --> 00:08:53.519 well as newer ones. High end nineteen Eleven's just a 199 00:08:53.600 --> 00:08:55.639 great opportunity for you to save money and get a 200 00:08:55.720 --> 00:08:57.840 quality firearm at twenty two three on round forty two 201 00:08:57.840 --> 00:09:00.559 between Mason eleven and find them online. Family own and 202 00:09:00.600 --> 00:09:03.120 operated small business, truly amazing at every level. They have 203 00:09:03.159 --> 00:09:07.200 a gunsmith. They also have multiple training opportunities as well, 204 00:09:07.399 --> 00:09:11.440 huge huge, a variety of training classes and a very 205 00:09:11.480 --> 00:09:14.720 welcoming environment. Don't forget Friday night date night as well. 206 00:09:15.080 --> 00:09:16.919 Learn more online at twenty two three dot com. That's 207 00:09:16.960 --> 00:09:19.000 the number twenty two followed by the word three spelled 208 00:09:19.000 --> 00:09:21.279 out twenty two to three dot com. 209 00:09:21.399 --> 00:09:23.360 Fifty five KRC a. 210 00:09:23.559 --> 00:09:25.320 U line they know first hand. 211 00:09:26.240 --> 00:09:28.799 Eight eighteen fifty five KRCD talk station. A very happy 212 00:09:28.799 --> 00:09:30.840 Monday too. You go here from the since Anava coming 213 00:09:30.919 --> 00:09:33.559 up for our KRC Care segment at eight forty In 214 00:09:33.559 --> 00:09:36.600 the meantime, all were financials Brian James offering his insights 215 00:09:36.639 --> 00:09:39.879 on money Monday, and sadly something I'm painfully aware of. 216 00:09:39.919 --> 00:09:42.200 I do go grocery shopping every week with my wife, 217 00:09:42.200 --> 00:09:46.799 and food prices have gone up precipitously, and most notably, 218 00:09:46.840 --> 00:09:49.480 I just look at the price of beef quite often. 219 00:09:49.519 --> 00:09:51.799 I'll just pick up a package just to see where 220 00:09:51.799 --> 00:09:54.000 it is in terms of how much price per pound 221 00:09:54.000 --> 00:09:56.360 and then put it back down to the beat section 222 00:09:56.519 --> 00:10:00.279 just because it's just like I just it's mind blowing eggs. 223 00:10:00.279 --> 00:10:02.679 Of course, we can blame bird flu for that. I mean, 224 00:10:02.840 --> 00:10:05.120 there's no I don't think there's a relationship with the 225 00:10:05.120 --> 00:10:07.200 price of eggs and inflation more so than they've just 226 00:10:07.240 --> 00:10:09.480 been slaughtering all the chickens because of bird flu. But 227 00:10:10.159 --> 00:10:12.960 what's the story from Walmart's CEO on food prices. 228 00:10:14.000 --> 00:10:16.120 Doug mc millan's not in a good mood this morning. 229 00:10:16.240 --> 00:10:18.679 So he's the CEO of Walmart, and he's highlighting that 230 00:10:18.759 --> 00:10:21.200 strain that's coming up on American consumers due to this. 231 00:10:21.240 --> 00:10:23.279 So yeah, we're not shocked at this. I even paying 232 00:10:23.279 --> 00:10:25.440 attention to the headlines at all. It's been hard to avoid, 233 00:10:25.720 --> 00:10:27.519 whichever side of it you're on, it's been hard to 234 00:10:27.519 --> 00:10:30.879 avoid the discussion about egg prices. But Doug, who is 235 00:10:30.919 --> 00:10:33.120 paying attention, of course to how much money his company 236 00:10:33.159 --> 00:10:35.960 is making, as that is his job, is seeing he's 237 00:10:35.960 --> 00:10:39.279 a good predictor of what people are doing there at 238 00:10:39.320 --> 00:10:40.720 the cash register there. 239 00:10:40.559 --> 00:10:42.639 So we're seeing impact on things. 240 00:10:42.440 --> 00:10:45.919 Like beef and eggs, non alcoholic beverages, sugar and sweets. 241 00:10:46.519 --> 00:10:48.879 Sugar is up almost six and a half percent. We're 242 00:10:48.879 --> 00:10:52.559 seeing non alcoholic beverages up about four percent, a beef 243 00:10:52.600 --> 00:10:54.639 and veal we're looking at to be up about three percent. 244 00:10:54.679 --> 00:10:56.080 Now, these are all facts. 245 00:10:55.879 --> 00:10:57.840 And when we can find these anywhere, I think it's 246 00:10:57.840 --> 00:10:59.600 more impactful at least worth talking about. 247 00:10:59.639 --> 00:11:03.120 Brian to what should somebody do about this? 248 00:11:03.120 --> 00:11:05.399 This question comes up all the time and in the 249 00:11:05.519 --> 00:11:07.960 course of my day as a financial planner, people want 250 00:11:07.960 --> 00:11:09.960 to know, is it time for me to worry about this? 251 00:11:10.080 --> 00:11:12.000 What should I be doing about this? Inflation I keep 252 00:11:12.039 --> 00:11:12.480 hearing about. 253 00:11:12.759 --> 00:11:15.919 My question is always okay, what were you spending on 254 00:11:15.960 --> 00:11:18.360 all of these items before? Then we can figure out 255 00:11:18.360 --> 00:11:20.879 what the impact is going to be. And most of 256 00:11:20.919 --> 00:11:23.000 the time, and this is a necessarily bad thing, most 257 00:11:23.039 --> 00:11:25.399 of the time people have no idea because we've not 258 00:11:25.519 --> 00:11:26.120 kept budgets. 259 00:11:26.120 --> 00:11:27.120 We don't know where we are. 260 00:11:27.600 --> 00:11:30.200 So that's a great first step is to understand where 261 00:11:30.200 --> 00:11:32.480 your money's going in the first place, so that you 262 00:11:32.519 --> 00:11:35.200 can model out some impact and figure out whether you 263 00:11:35.279 --> 00:11:37.720 really need to worry about this or just be mad 264 00:11:37.720 --> 00:11:38.519 at the cash register. 265 00:11:38.960 --> 00:11:41.600 Well, I guess part of me. I want to react 266 00:11:41.600 --> 00:11:45.720 by saying, Okay, I'm glad sugary beverages are more expensive, 267 00:11:45.759 --> 00:11:49.240 and I'm glad people are buying fewer of them because 268 00:11:49.279 --> 00:11:52.679 that's a discretionary item. You don't need mountain dew in 269 00:11:52.720 --> 00:11:55.039 your life, right, I mean, I'm kind of been on 270 00:11:55.039 --> 00:11:57.559 a sugar tear of late. But in the final analysis, 271 00:11:57.759 --> 00:12:00.559 if you need nutrition to stay alive, you need certain calories. 272 00:12:00.559 --> 00:12:02.759 Hopefully your calories are coming from something that's good for you. 273 00:12:02.840 --> 00:12:05.600 But rather than buying mountain dew, maybe you just drink 274 00:12:05.600 --> 00:12:07.399 a glass of water. Is your life going to be 275 00:12:07.440 --> 00:12:09.759 really impacted to the negative for that, No, I would 276 00:12:09.799 --> 00:12:11.799 say it's going to be a positive result. I don't 277 00:12:11.799 --> 00:12:13.799 know if that's baked into this cake, if that's by 278 00:12:13.919 --> 00:12:17.679 design or intention, but you know, maybe it'll force people 279 00:12:17.720 --> 00:12:20.559 to make more responsible choices because your dollar is not 280 00:12:20.720 --> 00:12:22.720 going as far at the grocery store. 281 00:12:23.519 --> 00:12:25.320 Yeah, and we will see that impact. We've seen that 282 00:12:25.360 --> 00:12:27.919 happen before when we've had price bikes. People do tend 283 00:12:27.960 --> 00:12:31.440 to change their behavior, and I personally, I don't believe 284 00:12:31.480 --> 00:12:35.159 this is part of any engineered a change of behavior 285 00:12:35.200 --> 00:12:37.480 by any administration. It's just I think we've got an 286 00:12:37.519 --> 00:12:40.759 administration that truly just cares about's let's make this country 287 00:12:40.799 --> 00:12:43.639 as successful from a commercial and business standpoint as it 288 00:12:43.679 --> 00:12:46.360 possibly can, and they're making decisions to move us in 289 00:12:46.399 --> 00:12:50.639 that direction. These are again not designed results, but it's 290 00:12:50.720 --> 00:12:51.759 just simply what's happening. 291 00:12:51.759 --> 00:12:52.200 I agree with you. 292 00:12:52.240 --> 00:12:54.320 If people bought less sugar and less and less stuff 293 00:12:54.360 --> 00:12:57.240 like that, we're probably in a better spot. But the 294 00:12:57.320 --> 00:12:59.759 fact that we're seeing inflation increasing on those indicates that 295 00:13:00.080 --> 00:13:02.840 and maybe rising the companies. Companies may be buying more. 296 00:13:02.879 --> 00:13:05.519 It's not necessarily people buying bags of sugar. It could 297 00:13:05.519 --> 00:13:08.440 be companies buying it more at a commodity level and 298 00:13:08.559 --> 00:13:11.320 because they feel like that's where they can make their profits. 299 00:13:12.000 --> 00:13:13.879 Fair enough. On that, I got a kick out of 300 00:13:13.879 --> 00:13:17.320 his observation that you see people are buying smaller pack 301 00:13:17.600 --> 00:13:21.600 sizes than they used to, but with shrinkflation, they were 302 00:13:21.639 --> 00:13:24.159 doing that anyway, even if they wanted the family sized bag. 303 00:13:24.200 --> 00:13:26.720 The family size bag now only contains twelve ounces where 304 00:13:26.720 --> 00:13:30.080 it used to contain eighteen ounces or something along those lines. 305 00:13:30.120 --> 00:13:32.840 I just thought that was an interesting comment, given that 306 00:13:32.879 --> 00:13:34.720 we all lived through shrinkflation. 307 00:13:35.320 --> 00:13:36.360 Right, Yeah, and it is. 308 00:13:36.600 --> 00:13:40.120 That's another cycle that we see too, when it's harder 309 00:13:40.159 --> 00:13:43.039 for companies to make money off of off of the 310 00:13:43.360 --> 00:13:45.679 original sizes and things that they were making. One way, 311 00:13:45.759 --> 00:13:47.600 and they know they can't push the button and sell more. 312 00:13:47.840 --> 00:13:50.279 Another way can be to make it cheaper to sell 313 00:13:50.320 --> 00:13:54.039 the same amount by putting smaller projects inside smaller products, 314 00:13:54.080 --> 00:13:56.000 inside little packages that they won't notice. 315 00:13:56.039 --> 00:13:59.200 I remember a commercial about that, the guy that saved 316 00:13:59.200 --> 00:14:01.320 the company one hundred million dollars a year by taking 317 00:14:01.440 --> 00:14:03.879 like one olive out of the olive jar, you know. 318 00:14:05.080 --> 00:14:08.360 Yeah, and airlines make their take the tomatoes off of 319 00:14:08.399 --> 00:14:11.600 their off of their rubber chicken sandwiches and saved billions 320 00:14:11.639 --> 00:14:13.600 of dollars. Yeah, yeah, it does add up. It does 321 00:14:13.720 --> 00:14:15.960 does make sense in the long run. Every little bit counts, 322 00:14:16.000 --> 00:14:19.000 all right. Pivoting over to restaurants, and I've observed this also. 323 00:14:19.240 --> 00:14:23.000 Carry out has gotten really expensive compared to not that 324 00:14:23.080 --> 00:14:27.000 long ago. Even it's an Asian restaurant, and I don't 325 00:14:27.000 --> 00:14:29.039 think there was a single entree that was less than 326 00:14:29.080 --> 00:14:32.399 like twenty two dollars. And we're talking about just standard 327 00:14:32.519 --> 00:14:34.960 you know, Chinese food kind of orders and that that 328 00:14:35.039 --> 00:14:37.120 is just like mind blowing to me. But that's the 329 00:14:37.159 --> 00:14:42.440 direction that's gone. But more and more are going bankrupt too. Yeah, 330 00:14:42.480 --> 00:14:44.639 we're seeing that bankruptcy is coming out of but a 331 00:14:44.639 --> 00:14:48.519 lot of these are older names, so it's not I 332 00:14:48.559 --> 00:14:50.360 don't think we're yet at a point where all of 333 00:14:50.399 --> 00:14:54.320 it is totally their fault of inflation and so forth. 334 00:14:54.440 --> 00:14:56.000 These are things that have kind of run their course. 335 00:14:56.039 --> 00:15:01.200 So the big one, big ones we've seen recently, TGI, Fridays, Any's, Ruby, Tuesday, 336 00:15:01.240 --> 00:15:03.960 Red Lobster, all of them have filed for bankruptcy protection. 337 00:15:04.360 --> 00:15:07.600 Hooters hit the headlines as of this morning. Their food 338 00:15:07.840 --> 00:15:11.399 sucked though exactly. You know, the only thing that I 339 00:15:11.480 --> 00:15:13.879 ever liked about Hooters They're mild sauce with it was 340 00:15:13.919 --> 00:15:14.799 a jar of death. 341 00:15:14.840 --> 00:15:15.639 But it was really good. 342 00:15:15.799 --> 00:15:17.759 Oh, I think you're got to say good buffalo sauce 343 00:15:17.799 --> 00:15:19.759 with butter in it, which is, you know, good in 344 00:15:19.799 --> 00:15:21.440 the long run, but not so much of the schwartz. 345 00:15:21.679 --> 00:15:23.120 So it had nothing to do with the wait staff. 346 00:15:24.000 --> 00:15:26.320 Now this is off the shelf and Kroger I still 347 00:15:26.360 --> 00:15:30.919 get it with Yes, they out of trouble, right, James, 348 00:15:31.080 --> 00:15:34.039 Well you know this this could be I mean, I 349 00:15:34.159 --> 00:15:38.039 understand the COVID they required to borrow money to stay open, 350 00:15:38.639 --> 00:15:41.440 and they got you know, debt service on that. I mean, 351 00:15:41.600 --> 00:15:44.120 I note the article says this meant companies accumulated debt 352 00:15:44.159 --> 00:15:46.840 they had to pay back over time plus interest. Someone 353 00:15:46.840 --> 00:15:48.639 wrote us government right next to that. 354 00:15:48.720 --> 00:15:53.519 Oh right, that was me. But there's more competition out there, 355 00:15:53.960 --> 00:15:56.279 and there are better products. Going back to Hooters. If 356 00:15:56.320 --> 00:15:59.120 you can go someplace down the street that has superior 357 00:15:59.240 --> 00:16:03.600 chicken wings, then you're going to go there, right, And that's. 358 00:16:03.600 --> 00:16:05.480 That's what I was hinting at before with these these 359 00:16:05.480 --> 00:16:08.559 are older chains. Restaurants do run their courses, and there 360 00:16:08.600 --> 00:16:10.840 are some icons that never go away. But if you 361 00:16:10.919 --> 00:16:13.639 just look over time, there aren't any restaurants that have 362 00:16:13.720 --> 00:16:17.080 been aside from these you know, ridiculously long family owned 363 00:16:17.120 --> 00:16:19.440 type stories that have been in existence for one hundred 364 00:16:19.480 --> 00:16:21.440 hundred and fifty years. It generally doesn't work that way. 365 00:16:21.639 --> 00:16:23.919 They last a few decades at most. That's a huge 366 00:16:23.919 --> 00:16:27.519 success story, but eventually people's taste change something if things 367 00:16:27.519 --> 00:16:31.279 feel dated, TGI Fridays and Applebee's, which doesn't exist anymore, 368 00:16:31.440 --> 00:16:33.879 I don't think. But anyway, they've all kind of run 369 00:16:33.919 --> 00:16:35.799 the course and become the butt of jokes after ten 370 00:16:35.879 --> 00:16:38.240 years it's very easy for consumers to change their minds 371 00:16:38.279 --> 00:16:39.200 and go somewhere else. 372 00:16:39.320 --> 00:16:42.039 Yeah, and the quality can go down as well, frishes 373 00:16:42.519 --> 00:16:44.840 and we end up losing our frishes locally. All right, 374 00:16:44.919 --> 00:16:47.159 let's pause. We'll bring Brien James back for one more 375 00:16:47.240 --> 00:16:49.600 talk about four oh one k balances. Which direction are 376 00:16:49.600 --> 00:16:51.440 they going? Stick around you? Right back? 377 00:16:51.639 --> 00:16:52.759 Fifty five krc. 378 00:16:53.320 --> 00:16:55.720 Lit Stark for the weather Channel nine says sunny day 379 00:16:55.799 --> 00:16:57.360 for the most part, forty eight for the high, down 380 00:16:57.360 --> 00:16:59.960 to thirty eight over night, under clear sky, thady tomorrow 381 00:17:00.200 --> 00:17:04.000 but warming up to sixty degrees. Rain shows up around 382 00:17:04.079 --> 00:17:07.240 nine pm. It'll drop to fifty one overnight and we 383 00:17:07.359 --> 00:17:09.039 get a lot of rain on Wednesday. They say rain 384 00:17:09.079 --> 00:17:12.039 will continue for most of the day. Windy, yes, gus 385 00:17:12.160 --> 00:17:14.440 up to forty to forty five miles per hour possible 386 00:17:14.519 --> 00:17:17.119 and a high at fifty four twenty seven degrees. Right now, 387 00:17:17.200 --> 00:17:19.359 let's hear about traffic editions from Chuck Ingram. 388 00:17:19.960 --> 00:17:21.519 From the UC Hout Tramphing Center. 389 00:17:21.559 --> 00:17:24.559 When it comes to multiple scleroses, trust the experts at 390 00:17:24.559 --> 00:17:29.599 the UC Gardner Neuroscience Institute for Innovative and Comprehensive Care. 391 00:17:30.000 --> 00:17:32.279 Learn more at UC Health dot com. 392 00:17:32.559 --> 00:17:36.400 He spend two seventy five continues slow from Coleraine Avenue 393 00:17:36.480 --> 00:17:39.319 to Wreck before you get to Winton, the rec's end 394 00:17:39.359 --> 00:17:41.759 the media and so westbound slow's just a bit to 395 00:17:41.799 --> 00:17:45.599 get by. Southbound seventy five, break lights through Lachland, northbound 396 00:17:45.640 --> 00:17:48.160 seventy five and extra ten minutes out of Erlanger. 397 00:17:48.640 --> 00:17:51.759 Chuck Ingram on fifty five KRC the talk station. 398 00:17:53.680 --> 00:17:55.680 Eight twenty eight come to an eight twenty nine at 399 00:17:55.680 --> 00:17:58.359 fifty five KERCD talk station, A very happy Monday to you, 400 00:17:58.920 --> 00:18:02.039 Frien Thomas with more segment with money Monday's Brian James 401 00:18:02.119 --> 00:18:04.119