making more money and maybe nominally but real value of your salary actually went down. this isn t hard. people are seeing. you know we got data on a credit card used in august. down per sip us toly people are getting afraid now and this is really a problem into holidays earlier a two trillion dollars that money goes back into the economy. you know people talk about trickle down economics it is all trickle up you give someone free money they re going run out to spend it and it triples up and so do prices. imagine being someone working really hard. you know, you don t want to get in welfare system or want free money this is ab opportunity to take care of yourself take care of your family but everything that you buy is going up. because someone who doesn t work or hasn t had to work is driving price up. so country is getting split.
making more money and maybe nominally but real value of your salary actually went down. this isn t hard. people are seeing. you know we got data on a credit card used in august. down per sip us toly people are getting afraid now and this is really a problem into holidays earlier a two trillion dollars that money goes back into the economy. you know people talk about trickle down economics it is all trickle up you give someone free money they re going run out to spend it and it triples up and so do prices. imagine being someone working really hard. you know, you don t want to get in welfare system or want free money this is ab opportunity to take care of yourself take care of your family but everything that you buy is going up. because someone who doesn t work or hasn t had to work is driving price up. so country is getting split.
making more money and maybe nominally but real value of your salary actually went down. this isn t hard. people are seeing. you know we got data on a credit card used in august. down per sip us toly people are getting afraid now and this is really a problem into holidays earlier a two trillion dollars that money goes back into the economy. you know people talk about trickle down economics it is all trickle up you give someone free money they re going run out to spend it and it triples up and so do prices. imagine being someone working really hard. you know, you don t want to get in welfare system or want free money this is ab opportunity to take care of yourself take care of your family but everything that you buy is going up. because someone who doesn t work or hasn t had to work is driving price up. so country is getting split.
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on oil production and the smik spillovers are hurting. for the world it s a major down per. it s hurting africa, latin america. all things being equal, it s a major blanket on world economic growth and as a result it probably feeds into political uncertainty. and what, ann marie s that political uncertainly? what happens, for example? brazil could implode with the collapse of commodity prices. venezuela could implode, and then you have the middle east where iran needs high oil prices, iraq needs high oil prices, saudi arabia needs high oil prices. i ll start with the middle east and actually with an optimistic prediction because i think we are going to see a settlement of the syrian civil war this year. wow. we got a little opposition disagreement, but i really do think that russia and europe and the united states and the parties in the region will get a settlement, but i m going to