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#Resist Failure in Florida, America Rejects Recession Spin, Youngkin Hammers School Leaders

August 23, 2022 by GregC

Listen to “#Resist Failure in Florida, America Rejects Recession Spin, Youngkin Hammers Unsafe School” on Spreaker.

Join Jim and Greg as they serve up three more good martinis! First, they like where Florida Gov. Ron DeSantis stands in his re-election bid and they enjoy watching another progressive darling cruising towards defeat. They don’t like the state of the the economy but they’re also relieved to see nearly 70 percent of Americans rejecting the Biden administration’s bogus argument that we’re not really in a recession.  And they cheer Virginia Gov. Glenn Youngkin for blasting Fairfax County Public Schools for failing to remove a middle school counselor for soliciting a minor for sex until almost two years after the fact.

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Filed Under: Economy, Education, Elections, History, Humor, Inflation, Journalism, News & Politics, polls Tagged With: 3MartiniLunch, Biden, counselor, Crist, Economy, Florida. DeSantis, Fried, midterms, recession, schools, solicitation, Youngkin

Redefining A Recession, Al Gore’s Ugly Analogy, Media Boost Beto Again

July 25, 2022 by GregC

Listen to “Redefining ‘Recession,’ Al Gore’s Ugly Analogy, Media Boost Beto Again” on Spreaker.

Join Jim and Greg as they hammer the Biden economic team for insisting two straight quarters of negative economic growth is not necessarily a recession. They also verbally pummel former Vice President Al Gore for comparing anyone not on board with his big government climate agenda to the police who refused to confront the shooter in Uvalde, Texas. And they get a kick out of NBC News once again wondering if this is the year that Democrats win in Texas with yet another glowing profile of Beto O’Rourke and his uphill campaign for governor.

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Filed Under: Climate, Economy, Elections, Energy, Health Care, History, Humor, Inflation, News & Politics, Podcasts Tagged With: 3MartiniLunch, Abbott, Beto, climate, Economy, GDP, Gore, media, recession, Texas, Uvalde, Yellen

Florida’s Dodged Bullet, The Dem Touting Trump, Redefining ‘Recession’

June 22, 2022 by GregC

Listen to “Florida’s Dodged Bullet, The Dem Touting Trump, Redefining ‘Recession'” on Spreaker.

Join Jim and Greg as they breathe another sigh of relief that Ron DeSantis is governor of Florida after yet another scandal for Democrat Andrew Gillum, who came within a whisker of winning in 2018. They also shake their heads as Ohio Democrat Tim Ryan is trying to play the “I’m not like those other Democrats” card as he tries to win a U.S. Senate seat – and Arizona Sen. Mark Kelly is trying the same lame strategy. But there’s just one problem!  And  they sigh as Treasury Secretary Janet Yellen seems to be trying to redefine a recession.

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Filed Under: Border Security, congress, Debt & Deficits, Economy, Elections, History, Humor, Inflation, Journalism, News & Politics, Space Tagged With: 3MartiniLunch, Arizona, DeSantis, Florida, Gillum, indictment, Kelly, Ohio, recession, Senate, Tim Ryan, Trump, Yellen

Asian Voters Bail on Biden, Recession Coming, More Gas Taxes

June 20, 2022 by GregC

Listen to “Asian Voters Bail on Biden, Recession Coming, More Gas Taxes” on Spreaker.

Jim Geraghty is back! Join Jim and Greg as they welcome news of Asian voters souring on President Biden in big numbers. They also react to Treasury Secretary Janet Yellen and former Treasury Secretary Larry Summers differing forecasts on whether we are headed for a recession. And they shake their heads as California gets set to hike gas taxes with prices already at record highs.

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Filed Under: Crime, Economy, Elections, Energy, History, Humor, Inflation, Journalism, News & Politics, polls, Spending, Supply Chain, Taxes Tagged With: 3MartiniLunch, Asian, Biden, California, Economy, gas, midterms, recession, Summers, taxes, Voters, Yellen

Parents No Longer ‘Terrorists’, Recession Worries, McAuliffe’s Laughable Hypocrisy

October 25, 2021 by GregC

Listen to “Parents No Longer ‘Terrorists’, Recession Worries, McAuliffe’s Laughable Hypocrisy” on Spreaker.

Jim Geraghty is back! Join Jim and Greg as they welcome the National School Board Association no longer accusing parents of being domestic terrorists but they still have a lot of questions. They also wince as evidence piles up that an economy that should be in a robust recovery is slowing down and possibly headed into a recession. And they get a kick out of Terry McAuliffe saying Stacey Abrams was the real winner of the 2018 Georgia governor’s race after falsely accusing Glenn Youngkin for months of disputing the 2020 election results.

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Filed Under: congress, Economy, Education, Elections, FBI, History, Humor, Inflation, Journalism, News & Politics, Spending, Sports, Taxes Tagged With: Abrams, Economy, elections, Garland, Hassett, McAuliffe, National Review, NSBA, parents, recession, terrorists, Three Martini Lunch, Youngkin

‘The Markets Have Panicked’

March 10, 2020 by GregC

Listen to “‘The Markets Have Panicked'” on Spreaker.

For the past couple of weeks, Wall Street has looked like a roller coaster. And while there have been days of big gains, the Dow Jones has dropped more than 4,000 points as of Tuesday’s close. Monday witnessed the worst losses since the 2008 financial crisis.

Concerns over coronavirus are attracting the most attention but upheaval in the oil market and record-low yields in the bond market also have investors jittery.

Wall Street hates uncertainty but a top economist says the wild fluctuations we’ve seen recently are a major overreaction.

“I just believe that the markets have panicked,” said Brian Wesbury, chief economist at First Trust Advisors in Wheaton, Illinois. He is also a former chief economist for the Joint Economic Committee of Congress.

“Our models suggest right now that investors…are pricing in a 50-80 percent drop in corporate profits in America. I think that’s a panic. That’s too much.

“That doesn’t mean we can’t go down from here, but it does mean that once this passes, we will snap back, I think, very quickly,” said Wesbury, noting that all previous outbreaks ran out of steam when the weather turned warmer.

Wesbury does think the volatility could last until May or perhaps longer and that oil prices and the bond market add to the uncertainty.

But while acknowledging that plummeting oil prices are a nightmare for debt-ridden fracking companies, Wesbury explains why he thinks this could lead to a much more stable industry in the long run.

Finally, Wesbury tells Greg Corombos whether the government ought to intervene to ease the economic pain of the coronavirus or whether the markets should sort themselves out.

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Filed Under: Economy, Health Care, Journalism, News & Politics Tagged With: bonds, coronavirus, Economy, interest, oil, recession, taxes, Trump

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