consumer. no, they won t because china pays for them. oh, that s right, i forgot, we live in a crazy land now. so yes, next round, we re hitting retail. round after that, you re hitting toys, et cetera. this is where if the rubber hits the road, this is where the rubber hits the flat screen tvs. in december. and in september, it s going to be the sneakers, the jeans, et cetera. the american consumer is keeping the global economy afloat right now. this is the last thing that you want to do. and frankly, he s laying out a path to destruction. the thing that also worries me is that chairman powell seems to be internalizing some of what trump is saying, he was talking about the fed s responsibility, to keep the expansion going, that s like the governor of florida saying that hurricane season is canceled. you know, recessions happen. they re cyclical. trump may have gotten, maybe he had some bad luck, but he s turning that bad luck into
round after that you are hitting, you know, toys, et cetera. this is where the rubber hits the road. this is where the rubber hits the flat screen tvs in december and in september it s going to be the sneakers, the jeans, et cetera. the american consumer is keeping the global economy afloat right now. this is the last thing that you want to do. and, frankly, he s laying out a path to destruction. the thing that also worries me is that chairman powell seems to be internalizing some of what trump is saying. he was talking about the feds responsibility to keep the expansion going. that s like the governor of florida saying that hurricane season is canceled, you know? recessions happen. they re cyclical. trump may have gotten a maybe he had some bad luck. but he s turning that bad luck into disaster with this trade situation. at the top of the show i was saying that this is a lose-lose situation, that those aren t actually my words. they re actually your words. you said this to me last
trust fund baby rodeo clown. i m sure they re loving it. and it s not legal. and i m sure that there will be reactions in the business community that will be very quiet. but business investment has gone down. that is speaking very loudly to the president. the manufacturing sector is slowing down. and the tariffs that he is about to enact will hit the consumer. they won t because china pays for it. i forgot. we live in a crazy land now. but, yeah, so next round we re hitting retail. round after that you are hitting, you know, toys, et cetera. this is where the rubber hits the road. this is where the rubber hits the flat screen tvs in december and in september it s going to be the sneakers, the jeans, et cetera. the american consumer is keeping the global economy afloat right now. this is the last thing that you want to do. and, frankly, he s laying out a path to destruction. the thing that also worries me