Bill Meyer Show Podcast - Sponsored by Clouser Drilling www.ClouserDrilling.com - 08-08-25_FRIDAY_8AM

Episode Date: August 8, 2025

08-08-25_FRIDAY_8AM

The Bill Myers Show podcast is sponsored by Klausur drilling. They've been leading the way in Southern Oregon well drilling for over 50 years. Find out more about them at Klausor drilling.com. Now we have David Bonson. David, I think we finally got you back on a better line. How are you doing this morning? Welcome. That seems to be working better now.

I'm so sorry about that. Oh, it's okay. Life happens. Let's just put a short on all the cellular networks and we'll be fine. Okay. Yes, indeed. David Bonson, once again, top conservative economist, Fox Business, regular chief investment officer of the Bonson Group, 7.5 billion, great group. And I really enjoy reading his

Dividend Cafe and various other writings that he ends up putting out there. David, I wanted to bring you on. First off, how can people find out more about you? What's your website? How did they get a copy of the Dividendon Cafe? It's a great, great, you know, good thinking going on there. Well, I think Dividendacet.com is the best place to go. It is my weekly investment commentary that we make available for free to non-clients and clients alike. I started doing a market commentary when Lehman Brothers went bankrupt in 2008, and I was sending it to about 200 clients, and now we just never stopped and have done it every single week ever since. So I think Dividendacfe.com is a good place where over 30,000 people get, you know, not just market commentary, economic commentary, but the way it all

kinds of blends with public policy and and other elements of concerns. So it's a dividend cafe.com is a good place to go. All right, David, I wanted to pick your brain about various things. I'm hearing, I'm looking within the Bloomberg's and the Wall Street journals of the world, and you know, you see the kind of rising tide of, boy, the market is starting to feel a little topy, a little frothy. And, you know, normally August, September doesn't really. do too well overall as far as stock returns. Would you agree with it? Are we feeling frothy to

you? Is it looking frothy or are we looking at real economic action going on right now? What do you say? Well, there's three different things going on there. First is whether or not the market's looking proffey. And the question, the answer is absolutely no question it is. Okay. is a segment of the market that is very expensive, those big tech companies, you know, NVIDIA alone right now, one company is 8% of the S&P 500. The highest percentage one company has ever been of the market, and it is trading it 58 times earnings. Now, it's a phenomenal company.

It has done extremely well. It is extremely profitable, but it is just very, very expensive. Then you look at, you know, Mag 7 names, Tesla, Apple, Amazon, all of this. There's just a lot of frothiness in the way markets are valued right now. So I think we have to be careful about the frothy, kind of top-heavy, big tech stuff. The second question, though, is this August-September seasonal issue, and I do think that is just a lot of hogwash. Okay. It is, you know, there are something like 40% of the months,

they've been up, 60% of the month they've been down, that's hardly the type of high percentage that one wants to apply an investment thesis to, and there's this expression that correlation is not causation. There's reasons in certain August. The markets went down, and other August it went up, and the idea that there's some sort of astrological reason in the almanac is, as I think superstitious. Okay, yeah, the sun in Leo is not driving the, you know, stock market one way or the other. Fair enough. That's right. That's right. But really, I think the most important thing you said was the third thing is, is there something going on economically? And that is really the fundamental issue.

You know, markets are expensive, but they can get more expensive. The calendar is what it is. It's going to do what it's going to do. But I think the question is just what's the state of the economy. Our company is in a good position to grow earnings? Is the economy going to be growing at a rate higher than expected or lower than expected, and that is really what's going to determine how things go for the next 6, 12, and 18 months. When the jobs report came out a few days ago, I know there was a lot of controversy at first because President Trump fired the statistician. And at first I'm thinking like, okay, is this shooting the messenger, and then I'm doing a little

more look into it, and it appears that part of me is wondering why it hadn't been fired before. I mean, looking at it, how do you see it as a big financial guy looking at that? Oh, there's no question. It was shooting the messenger, and it's a rank political stunt. And I would say this. President Trump did not fire the Bureau of Labor Statistics had in 2019 when he was president, and they did a downward revision of 541,000 jobs. In other words, they had been overstating his job, record for the year prior. So now it is true that there was a recent adjustment in 2024 that brought down Biden's jobs by 500, and I think it was 89,000, basically the same exact number and 0.1% away from being the exact same percentage. An identical thing happened in 2019 and 2024.

Now, we could decide two things. A, is it political? My answer is obviously not. But B, why is it happening? And that is simply because what they're trying to do is a very, very tricky thing. They're trying to use monthly survey data. They're surveying 122,000 businesses to collect data by survey, then true it up once a year when they get the actual data from unemployment and payroll claims. The problem is that there's going to be a disparity there. Now, the disparity was larger than it normally is in 2024 and larger than it normally would be in 2019. But the question is, what do we want to do? Not provide monthly data because it's going to get firmed up later or provide monthly

data but then not provide the actual data when it does come. I don't know why either of those solutions would be something we like. I think that there are things they can do to use technology to improve the methodology. But no, the notion that something was changed to cook the. books to hurt President Trump is just patently false. Okay, so we'll take that to the bank then, but not necessarily political or is political in your view, the firing. I just want to be clear.

Well, President Trump's decision, I think, is rather obviously political, yes. I don't believe what the BLS head did was political now. Okay, all right. So, well, we'll get your opinion, and we'll move on to the next aspect of the next data point then. Is there a way to do this better? And the reason I bring this up is that one of the reasons is that the day the number was so bad is that only half of the businesses, from what I understand, were returning the survey. So it was like garbage in, garbage out.

Is that right? Yeah, I believe it was 60% of small businesses. So, yeah, a little bit more than half. And there is definitely a problem with getting bad response from small businesses. So first of all, what I would point out is that that isn't the problem with why the numbers were so bad in the end is that the small businesses. business data is really bad. You know, it would be helping President Trump if no small businesses were responding because where job data is pretty good right now is big business and where it's really bad is small business. But we want honest numbers. We want objective numbers. And so I agree.

I think we have to do something to get a higher response from small business. Now, remember, this isn't the only way to get data. You know, we have the ADP private payrolls. We have the weekly unemployment claims that are done by states. And we have the NFIB survey, which is only small business. None of those things have been indicating a great picture. So it's a difficult deal because people want it just spelled out for them. And, you know, you have to sometimes use three or four data points to form a narrative. But I certainly agree with the president and agree with the idea that we want this improved. I don't agree that we only want it improved when we don't like the numbers. I think we need to just get it as proficient as possible, and that small business response

is more than likely only going to be improved with better use of technology. Let's talk about tariffs, and something that I've been concerned about is that everyone, you know, we are making choices, or I should say the administration's making choices, you know, for us with all of this, you know, cutting of trade deals. And they're talking about success of bringing in more tariff money, and that we're not hurting the economy. The problem I'm having with is, David, correct me if I'm wrong. Most of the tariffs haven't really gone into effect or have been showing up on balance sheets yet.

Am I wrong about that? Are I correct? You're certainly not wrong about that, but there's also an even bigger problem. Since when do we talk that way that we're bringing money into the economy by taking money out of the economy? U.S. importers are paying these tariffs. So that is billions of dollars that are weaving the private sector to go to the government. When have we ever talked to that way about income taxes?

Like, hey, we're making so much money. We're doing great. We took a bunch of tax money from you. We're getting richer in Washington, D.C. That's not how an economy grows. The economy grows by small businesses having more money to invest and create jobs and innovate and produce. So not only do we not see the total impact of tariffs yet because they're just getting started and there's a big lag effect and a lot of companies front ran the imports, which is why the GDP was so down in Q1 and then up in Q2 because a lot of companies got in front of this stuff by stacking up inventories before tariffs went through. So we haven't had a chance for this to sort of play through.

But even when it does play through, the narrative that, oh, it's a good thing we're collecting. tariff revenue is just completely backwards. Every dollar they collect is the money coming out of the private sector. I know that my boss and I have talked about certain things we were looking to purchase, and it's just like, well, I guess, you know, we're not going to see anymore in 1995, whatever this item we were looking at. I think it was a high tech piece of gear that we were looking for. And that's, so we'll really see, I mean, how long, what do you think is the lag, I guess, before we really start seeing the real cost of things long term? Oh, I think that seeing the cost go up is the easy part.

That's not what I'm most concerned about, because, you know, companies will have a decision. Do they want to lose market share by letting prices go up, or do they want to hold market share by not having prices go up, but then profits decline? But then if profits decline, hiring goes down, wages go down, economic growth, and productivity go down, and if total trade goes down because people are cutting the factors of production, then capital flows go down. There's less money coming into the country. Okay.

It becomes very problematic for the economy. All right, David, what about the reshoring? Is that working so far? Are we seeing evidence of actually getting some of these key, whether it's minerals or types of businesses and starting to make more in America? Are we seeing it yet, really? Not even a little bit, and we're not going to because those things are not going to come back other than the ones that already were, which is wonderful. So some of the things critical to national security need to be coming back. They should have nothing to do with tariffs.

We should just be simply doing whatever we have to do to protect American national security interest. But I think at the end of the day, the deal with China is to be purchasing more rare earth minerals from that, not less. And the deal with China is that we're going to sell them more semiconductors, not less. So I don't think that those things are going to change, but that part doesn't concern me. I think that, you know, ultimately where this could be successful on the margin is if we open up new markets, that there are things we're able to buy and sell with other countries. We weren't buying and selling before. But that's kind of the opposite of what had been said before. That would mean more trade, not less trade. And that's going to take time to

see, but that's what I'm praying for. Okay, David Bonson once again with me, the Bonson Group. And what do you see then? I know trying to predict all of this is quite interesting. What do you see in the, well, precious metals. I'll talk about precious metals as an example of that the Trump administration put tariffs on bullion imports on gold. What do you think that's all about?

Why is that something to look at it? First, the answer to your question is it's just elaboration. with Switzerland. They're trying to get a trade deal with Switzerland, and Switzerland is appalled that they're being shaken down this way when Switzerland has no tariffs on us at all. Oh. This whole thing has been presented, because they're trying to get fairness and reciprocity. Obviously, that isn't true when Switzerland is being shaken down, when they give us chocolate and Rolexes and don't charge us tariffs on what they import from us.

And so now as part of that negotiation that wasn't really going anywhere, that's why they put a bullion tariff on is, I think, a negotiating tactic with Switzerland, which does sell gold to U.S.-based clients. But I would point out it just speaks to the utter incoherence of the policy that supposedly we're doing this to bring manufacturing back to the United States. Do we manufacture a lot of gold here in the U.S.? Is that going on? So it's just ridiculous, and yet I don't think it's going to last.

Okay. It almost sounds like you're thinking that this will blow up. Is that kind of what I'm hearing from you, your opinion on this? No, not at all. I don't believe anybody can predict a blow up, and I don't think they can predict that it's all going to go great either. I think that honest objective assessment is that there are two conflicting forces going on that are in tension with one another. There are pro-growth, supply-side parts of the new tax bill that incentivize business to do good things. And then there are costs. to business with these tariffs, and which one of these two things is going to win out is going to be the issue. I have no doubt that there are a lot of small businesses that are going to get crushed by these tariffs that already are. But when people talk about the economy, they don't care about the little guy. They care about the total macro aggregate economy, and that could very well skirt through this, what we call muddle through, if they end up getting enough new markets opened with other countries. I would not most certainly not bet on that outcome, but I don't think anybody looking for a new data point next month or next week or even in three months is going to get what

they need. We need six, 12, and 18 months to see exactly what I talked about before. What is it done to total trade? Because a total trade drops, then total capital flows drop. And if total capital flows drop, then that puts downward pressure on economic growth. So that's the way we're looking at it, but we're playing the long game. Okay, playing the long game. David, But final question I would have is that we're told that it's going to be artificial intelligence that will be determining the economy and where everyone's going to get rich because of artificial intelligence. And my question is just kind of a basic economics one that just struck me is, how can everybody get rich with something that, you know, manufacturing artificial intelligence that will be so ubiquitous, so everywhere that there's no scarcity of it? Any thoughts on that? I don't know.

Maybe it's a dumb question. There's never a time that we should even have to finish the sentence when someone says, everyone will get rich on something because it's never true and never going to be true. Okay. There's winners and losers. There's people that will use new technologies efficiently. There's people that will take risks with new technology and they won't work out. So there's never a monolithic answer. Is artificial intelligence going to be an innovation that provides more efficiency in the way we produce goods and services?

I think it will be. How exactly? How much? in what way, who will win, who will lose. Those things remain to be determined. What I do know is this. If you have something that the only people who win are the people making artificial intelligence,

your open AIs, your XAIs, your XAIs, your chat GBT's, your NVIDIA's making the chips, and nobody else is winning, then that's a pyramid scheme that blows up and blows up badly. Ultimately, all the regular companies out there have to use artificial intelligence to drive more efficiency in order for it to be a real thing. And that's the stage we're in.

And the way this played out with the Internet is very similar to what we're seeing now. There's a lot of hype. There's a lot of stuff that is going to blow up. And there's some stuff that's going to win. But people are betting billions upon billions of dollars on uncertain outcomes. All right. David Bonson, Dividend Cafe. I will put all the information up.

I really enjoy reading your writings. I get your alerts on this one. And we will definitely have you. you back, but I like the clear-eyed view of it all. Good and bad. Thank you so much. Thank you, David. Very much appreciate it. God bless you. God bless you too. We need that. David Bunsen, the Bunsen group. It is 832. KMED, 993, KBXG. When customers are asked, why did you choose Siscue pump service and rotary drilling company for your well-water project? Here's a typical reply. I was able to avoid calling multiple contractors,

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please email RV contact at bicostal.media. Hi, this is Bill Meyer, and I'm with Cherise from No Wires Now, your dish premier local retailer. It's time to switch to dish. If you have direct TV or cable TV, call me today to see how I can save you money. Plus, I'll lower your internet and cell phone bills. And those offers in the mail from DISH, you can go through No Wires Now for those. Call me at 541-680-5875.

Call Cherise like I did or visit their showroom off Biddle Road in Metford, nowiresnow.com. Restrictions apply. Call for details. Internet and cell phone service not provided by Dish. Tonight, when it's late, get the lead out. Way out. to be the fluidity of time it's like they had a list you need back to back bizarre we went through a quantum hypodoric shift the original late night rock star freak show some kind of little

creature hanging onto the side of eating through it coast to coast a.m. there's so many unknowns in this equation equation coast to coast a.m on kmED and kmED. This is views talk 1063 KMED, and you're waking up with the Bill Myers Show. All right, we'll get to the phones here in just a second. Open phones at 7705-633, 770KMED. He's talking with David Bonson of the Bonson group. It was serious talk, so we need a dad joke. Dad joke of the day is sponsored by two dogs fabricating on Brian Way off Sage Road in Medford.

You can contribute your dad joke, and it's a joke that just makes you smile like what Richard rode in and says, Hey, Bill, what is a cannibal's favorite dessert? I said, I didn't know. I'll bake the lascan. There we go. See, just gentle humor, all right? They have a great sense of humor over there at Two Dogs. All the custom jobs under one roof, custom fabrication,

saving your time and bringing your cost down while building your bed or trailer exactly the way you want it. Two DogsFab.com. Let me go to David. David is in the Bay Area. You are first up. What are you thinking, David? I wasn't taking calls on David Bonson. I was barely able to keep his call on the air there with the cell system.

But what are you thinking today? Go ahead. Well, the first thing I thought of when, you know, Trump has released his version of what the unemployment numbers are. So, and he did a little press release saying that the data isn't accurate. Well, I just went back and asked, did Doge cut the same? small business administration budget so that the small businesses can't report to the SBA anymore. Oh, well, I think it's the Bureau of Labor Statistics, though, that does that, not the SBA.

I believe, David. I'm pretty sure. Well, if you want to look it through from that angle, that's probably the same business, that the data is not there because Doe whacked it. And if, as you were closing out the interview, the idea that all of a sudden AI is going to be our statisticians, that AI is going to tell us whether we're unemployed or not, that AI is going to tell the farmers whether they had a big crop, whether AI is going to tell us whether or not it's going to rain tomorrow or be sunny. No, that is so foolish, and it's such a con.

The idea that, you know, if you look at the concept of money, money was created for humans. It wasn't created for robots. And basically what they're trying to do now, and I told you this in a call many months ago, that Donald Trump wants to take the gold of America and buy Bitcoin with it, And then he wants to balance America's budget based upon cybercurrency. And so that gets into the same concept that somebody could play a shell game with Bitcoin and cyber currencies and Trump coin and Melania money and Dogecoin and this and that and the other. And then all of a sudden, where's the goal? Well, in this case, they're going to tell us that the value of the money is so bad that we're going to have to become slaves to pay off an imaginable.

debt and that the data can no longer be gathered because the data is too expensive to gather. Well, that is a pretty, you know, in-depth, conspiratorial look at that day, but that's really interesting. I'm going to have to roll that around. I'm not, the only thing I've heard about the gold, so to speak, is that there is open conversation of revaluing the gold supposedly at Fort Knox at market value rather than at 42220, you know, which is statutorily, you know, where it's kept there. But that ain't, you know, stranger things have happened, David, all right? It's easy to find.

You just go to the White House press office and you'll find a press briefing from, I had it the other day. I don't have it in front of me, but look up the Strategic Bitcoin Reserve. Yeah, yeah. I saw that too. I am aware of that. I appreciate the call there, David. Thanks for weighing in,

and I want to make sure everybody else gets a bite of the talk radio Apple before we take off for the weekend. Hi, good morning. Who's this? Hello? Hello? Hi. Hey, Jean.

Hi. Okay. Oh, you're laughing instead of grumpy. I'm glad. What's on your mind? Well, I was thinking about a cute joke I heard, but anyway. Okay. For the pile company?

What now? for the power company. Yes. We, myself and neighbors and everybody, was shut down on power due to the snow legitimate over a week. We had to pay, at least I did, for the power that went through the line, didn't do me a bit of good. Really?

I wasn't familiar. I've never heard of such a thing in which they charge you for power that wasn't delivered to you. How do they manage that? Well, they just put it on the bill. Huh. Now, are you one of those people that has the average out the bill every month and you pay the same amount every month? I tried that one time, and I never did find out what my bill was. Oh, all right.

Well, I know my mom has that, which is the same bill every month, and I think that if they were cutting off her power that way for like a week, you had to deal with. I remember that storm. I remember that. That was a bad storm. And the lines were down there for many weeks, but they would end up compensating you eventually there. I would love if you could find a way to tell me how that worked, Gene. I appreciate the call. Thanks. It doesn't make sense to me, but there are things done by companies that don't make sense to me quite often. Like Oregon Nurses Association, talking about why? talking about the employee cost, you know, that is a deceptive on why Providence ends up laying off 128 people.

In other words, saying, don't look at our labor deal. Had nothing to do with it. Let me go to the next call. Hi, morning. Who's this? Welcome. Steve? Hey, Bill.

It's well. I thought that was you, Steve. I can always recognize the feedback from your call. Let's hear it. What are you thinking? Is that better? I guess. Go ahead.

Well, Greg mentioned going camping this weekend. Hey, we got a new-to-us pickup and camper in 1982 when we went up to Union Creek, and our kids were like six and nine, and it was so hot up there that we had to turn around and come home. It was like 104 degrees there, and I took my lawn chair and put it out in the middle of Union Creek, and my butt and my feet were freezing and my head was cooking, so we had to come home. I wouldn't recommend. Boy, talk about extremes, though, huh?

Yeah, cold water and hot sun. Yeah, there was actually a fog above Union Creek in the middle of the daytime. That's amazing. Hey, thanks to the story there, Steve. I hear from you, 7705-633. Yeah, it could be one of those weekends to try that out. Your butt's cold in the water and you're roasting up on top. Good morning.

This is Bill, who's this? Hi. Hey, Bill, it's Brad. Good morning to you. Morning, Brad. How are things? Hey, you're good. Hey, you're talking about all kinds of money things. Do you want to talk about how a real estate winds up becoming an economic emergency? Well, when I look at what was going on in Portland with Big Pink, the Big Pink building, that went for 10 cents on the dollar or 20 cents on the dollar? Wasn't that what it was? 10 cents on the dollar of what it was worth in 2015, yes.

So, I mean, it's really – so here's the deal is the way that the economic world works is every piece of real estate is valued according to every other piece of real estate. So when you have – and we'll just call that the canary in the coal mine, when you have one of this premier pieces of real estate, when it gets written down the way that one was, that winds up affecting the value of every other similar piece of real estate. So the loss, the loss on the books, you can just say, okay, well, that's a 90% loss on the books for that one real estate, but really the long-reaching long-term damage that isn't accounted for except on the books of the banks is how much it reduces the value of every other

similar piece of real estate. And then everybody starts going to the, they start going to the low. local tax people and saying, hey, I want my revaluation, right? It's called compression. So it goes into compression, and then the compression reduces the amount. So, for instance, in Jackson County, about 40% on the income side comes from property tax revenues. It's the largest single line item in Jackson County, probably pretty similar in Multnomah County. But it's worse than that because what happens is, is once the regulators, once

the banks start taking note of this stuff, typically on a commercial loan, they'll loan you 70%. So you come up with 30%. That's your equity. They'll loan you 70%. Well, when you get a piece of property that gets written down into those lower categories, now you get a call from somebody you've never talked to at the bank before, and they say, you are no longer within the envelope. We have to write down the value of your paper. And even though you've never missed a payment and you have great credit, you need to come up with about $10 million to get your property back in equilibrium with us. Well, yeah. Well, there's another side of this, too, would be what about these unrealized commercial real estate losses that are just ready to tip a bunch of banks over?

Is that something to be concerned about or not? Am I right about that or not? It is, and all you have to do is go back to 2010, 2010, 2012, and see what happened on the residential side. This is exactly what happened in the residential side, is all the developers, they were make, well, not all of them. Most of them were making their payments. Most of them were in compliance with their loans.

But the regulators stepped in, and the regulators told the banks, you can only loan $10 for every dollar that you have on deposit, and, of course, their real estate loans, that's their book that they loaned again. So once you write down the value of those, real estate loans to a certain value, the only way they can balance their books is they've got to go get a bunch of more cash from people. Otherwise, they can lose their certification as a bank. Yeah, it's almost like a margin call in the stock market, isn't it? It is.

Yeah. Hey, Brad, thanks for the explanation of that. This is definitely something to watch at. It's like a mini tsunami going off in the Portland market, and I'm just concerned that it not be an Oregon-wide contagion. Fair enough. Would that be... Oh, yeah. Yeah, all right. Thanks for the call. 770563. We'll grab a few more calls. We will also have a diner 62 quiz in about 10 minutes, maybe 8, 9 minutes, but get your call in at 770563. This hour of the Bill Myers Show is sponsored by Fontana Roofing. For roofing gutters and sheet metal services, visit fontana roofing services.com.

You know how I was talking with David Bonson that President Trump put a tariff on imports of gold bullion, like from Switzerland or any other country, you know, for that matter. And it's funny how the gold and silver market reacted. It rocketed higher. I don't know if it's just because it may be a temporary shortage of it or it is kind of looking at attacks on the supply, whatever. But the one thing we are noticing is that the dollar's down 10, 11 percent so far this year and gold's up good 30, 35 percent, depending on who you talk to.

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which could ultimately destroy the sovereignty of all nations. These so-called experts have bought into the new world order status quo. If they cherish living in a free and prosperous USA, they need to step back and watch the Trump Renaissance play out. I disagree with you because I think there are just choices being made here. Brent, there are good things and bad things. There are good things that President Trump has done, and frankly, there is just pig stupid stuff that sometimes has been done too.

out of just out of hot-headedness. And I think as an example, the tariff with a country that does nothing that doesn't tariff us is an example of that. Bonson, I think, is a cool head. You want to see someone that has about a lot of Trump derangement syndrome. Go to the Wall Street Journal, folks, okay? You'll see a lot of that. And also, and especially Bloomberg, Bonson is able to see the good and the bad, in my opinion. and I look at other people like on Daily Reckoning also that have good and bad.

Everybody, you know, everybody has some good points about President Trump and some bad things about President Trump. And I think that it is okay to listen to the people that also say, I don't know if this will necessarily work, okay? That's fine. Let me go to Line 1. Hi, good morning. Who's this?

Brother Bill. Brad, how you doing? Brad with the S-O-A-S-O-A. what's going on hey man happy birthday by the way well thank you so how close are you to medicare now uh one year oh no way yeah one year and then technically it's going to be uh medicare but you know hopefully it'll remain the same in which uh i only see my imaginary friend doctor once a year or so and then i don't need anything else but we'll see okay hey i wanted to compliment you on the plethora of really good information you provide on your show.

Well, thank you. But one of the side effects is I've been, it's a laxative. I have noticed, well, listen to some of the stuff you have on. I'm as regular as I can be, and it's only because of you. Well, I'm glad that I can help move things along, brother. And I love that. By the way, I didn't have your music bed ready, okay? See, that'll help you.

You'll hear a polka, and you'll feel happier, okay? Real quickly, but I'll take you a divergent to a different world, and that's entertainment. Sure. And my wife and I, we like to go to a movie, but there's nothing worth seeing. So we did invest in a event Tuesday because it's a cheap day to go to the theater. Yeah, what did you go see? Yeah, naked gun. What did you think?

You know, it was funny, but the sad reality, before the movie, that movie came on, we got all, you know, they get that pitch, you know, the sales deal, and they show all the movies that are coming up. and about 100% of them are just redos of something that was done 20, 30 years ago. Kind of still out of ideas, huh? Yeah, and rolling forward to Naked Gun, Naked Gun had moments of really high hilarity, but it really lacked in being unique. And that's the reality that we saw going to the... the theater is entertainment is just a matter of a bunch of redoes of previous movies that were funny when they came out and the redos, you know, it's because the writers aren't

being creative. That could be. Hey, I really appreciate the review there of Naked Gut. I've seen some good reviews of it. And, you know, it just, I never would have picked Liam Neeson as someone like that. I guess, you know, he wants to be more of a comic actor. Best of luck to him and also Pamela Anderson. And by the way, they're an item.

Have you heard that? Yeah, I saw that. Boy, talk about a weird pairing, huh? I know history, and then I get on the Internet. I see pictures of her when she was young. You know, the credit to her, regardless of the relationship, she hasn't done plastic surgery. Yeah. Thanks for the call, brother.

Let me go to next slide. This is Bill. Who's this? Hey, good morning, Bill. Bob Shandon, Medford. Take it away, Bob. Hey, I was watching Channel 12 news last night for a little bit, and they had a little ditty on the Eugene Emeralds,

and they talked to the manager who stated he was 98% sure that they would be coming to Medford, but they would be extending their season in Eugene for two to three more years. So it's kind of nice to hear from out of the area what's going on here at home, that they are 98% sure. And I'm still not believing that they're not going to take a bite out of increased fees or taxes. I'm not either, and this is why the idea as presented by counselor Nick Card, it was not the worst idea that I heard about trying to plan a bit here and increase Southern Oregon's viability.

but I have very difficult, well, I have great difficulty believing that they're going to be able to pull all those rabbits out of a hat and not screw us to the wall with an increase in some parks fee of some sort in order to enable this. And I hope I'm wrong. I would love to be proven wrong on it, okay? Because I wouldn't be against the plan. I am against taxpayers, general taxpayers being forced to support other people's economic development. and or entertainment. Can we agree on that much? Yes, we do, exactly. Interestingly enough, when you had him on talking about the transit lodging tax at the same council meeting, they raised

system development charge fees and increased the fees to pay to play at Rogue X, but that never made the news. Thank you for the update. I appreciate it greatly, all right? Let me grab another call. By the way, I think we're going to do Diner-62 quiz on Monday. I'm going to save today's question for Monday morning because we're just not going to have time to do it. But I love taking your calls and talking with you before we wrap. Hi, good morning. Who's this? Welcome.

Hello? Hey, Lucretia? Yeah, I'm real short on time, so we've got to be pithy like Bob was. Give me a shake. Give me a shake on that, okay? Okay. The weather, we have winds just going up or down the coast. We don't have their normal winds where they come.

comes from the West and goes across. So that's being controlled. As far as the gold, my thoughts are it's dealing with the trade. Again, the Jesuits and the other people from the Vatican run Switzerland, and they're doing this for their benefit. Okay, so controlled weather and Jesuits controlling Switzerland. Okay, give me the hat trick now. Okay, give me the third one.

No, the third one is that the thing that will cure all this depression and all this anxiety is the carnivore diet with tripling heart. disease, cancer, obesity from all this vengeful oil, it's killing people, and we've got to get people on the carnivore diet. It cures, it's just over and over, whether it's depression or if it's autism, excuse me, autism, but also especially Alzheimer's, but also the anxiety. All right. Good call.

Lucretia, you were to get three points in there in about 45 seconds. Congratulations. Cool. I love it. Hi, who says? Good morning. Oh, thanks. This would be Gregory.

We're going to ask about the economy. So we're wondering if the economy would be, with the bears and the bulls, will the cannibals be eating that, and then we'll go all into artificial intelligence? Well, bears and bulls will be eaten by the AI robots, okay? Yes, sir. And I think that'll be about it. We will wrap. you so much. Hey, we'll do a little bit more of this tomorrow, and they'll make that Monday,

okay? That's when we'll do the Diner 62 quiz. I want to make sure and give it its due. It's a great question, and I don't want to rush it. Markley, Van Camp, and Robbins are coming up here in just a little bit. And remember, Diner 62 Quiz Monday, email at Bill at Billmyershow.com if you have a comment or question, and we'll do it all again then.