4 chapters across the catalog
The discussion characterizes U.S. economic sanctions and military threats against Iran as forms of state-sponsored terrorism. Logistics reports indicate the USS George H.W. Bush is circumnavigating Africa to reach the Persian Gulf due to Houthi threats in the Red Sea.
Economic Forecast and Fourth Quarter Growth
Treasury Secretary Scott Besant and Commerce Secretary Howard Lutnick are predicting explosive economic growth by the fourth quarter of 2025. The forecast is based on the implementation of Trump's tariffs and the elimination of taxes on tips, overtime, and Social Security. Kirk Elliott expects a healthy stock market correction in the short term followed by a strong recovery as the "Trump engine" takes hold.
Secretary Scott Besant on Healthy Market Corrections
Treasury Secretary Scott Besant states that recent stock market corrections are "healthy and normal" compared to the artificial propping up of markets seen in 2007. Besant highlights the immediate drop in egg and energy prices as evidence of effective leadership. The administration's goal is to eventually eliminate taxes for anyone earning less than $150,000 per year.
Introduction: Dr. Kirk Elliott on Economic Volatility
Dr. Kirk Elliott joins the show to discuss a 10% correction in the S&P 500 and the administration's focus on the "real economy" over market volatility. Treasury Secretary Scott Besant has signaled that the American dream is about productivity rather than access to cheap foreign goods. The segment also notes the downsizing of the IRS and the potential elimination of the Department of Education.
