Investor's Edge with Gary Kaltbaum - Here's your GDP [02.28.2024]

Episode Date: February 28, 2024

https://garykaltbaum.com/...

Transcript
Discussion (0)
Starting point is 00:00:01 During Lowe's Pro Savings Days, the job works in your favor. My Lowe's Pro Rewards Members, buy more and save more, materials they rely on every day. Get up to 25% off select molding when you spend $1,000 or more, and up to 25% off Pergo, Evercraft, Laminate, Florida. Put Pro Savings Days to work for you. Members get more at Lowe's. VALA through 327, selection varies by location,
Starting point is 00:00:23 while supplies last, loyalty program subject to terms and conditions. Visit the prodesk or Lose.com slash terms for more details. Subject to change. Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum, your host.
Starting point is 00:00:44 A thanks of being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It is, what, February 28, 2024. And I think the end of the month is tomorrow. Am I correct in saying that I should look as I speak to you right now? Yeah, tomorrow's the 29th. Okay. And as you know, this is serious talk on everything that affects you.
Starting point is 00:01:06 And we're dead serious about it with a little comedy injected, but we haven't had a lot of comedy as of late. We still have 134 hostages in being held by a bunch of subhuman animals and just don't feel like having the economy. But if you do not get this radio show in your city, we'll post it at garyk.com. We'll also post on our Twitter feed, which is now X. and you should follow us on X. You just go to X and put our name in. And of course, you can email me and just be nice. And 998 of 1,000 are very nice to us and respectful.
Starting point is 00:01:43 Every now and then we get two out of a thousand, and we just have fun with them. You know, what can I tell you? Ladies and gentlemen, you know what we did yesterday, we started the show and did markets, markets, markets, markets, markets. and we're very good at the markets. Today, a little bit differently, we're going to talk economy, economy, economy. And as you know, we do this without any agenda, any ulterior motive or any bias.
Starting point is 00:02:17 And what I mean by that is we think in Washington, D.C., they all suck. And I mean that, and I hate saying it. I'd rather be complimenting our leaders. I'd rather be talking them up, talking good about them. By the way, nothing personal. We're not saying they're bad. Mothers and fathers and sisters and brothers and grandmothers and grandmothers and all that. We think they suck at running the country and our treasure.
Starting point is 00:02:48 And I must tell you, every now and then, we'll see one sentence that, really hits home. Really hits home. They had a GDP number out that's gross domestic product. That's all the goods and services and blah, blah, blah, blah, and how big the economy is. And the most important thing I want to impress upon you when you hear all these marvelous politicians
Starting point is 00:03:21 tell you about what they are doing for you and the economy. remember we do for them they don't do for us remember that we pay them they don't pay us when joe biden hands out money even though people had contracts to pay off loans that's coming from us that is not coming from them very important you know that Very important. We are the economy. Every one of us that wakes up every day going to work, wanting to do better for ourselves and our families. We're the economy. The companies that create, the companies that grow, the companies that hire. And I want you to remember for over the last decade, we had miseries, Marxist socialists like Bernie Sanders and the rest, pissing all over Walmart,
Starting point is 00:04:27 the greatest job-creating machine in history where cash ears are running stores, if not regions, and lowered the inflation rate. Why would they hate a Walmart? Ah, blah, blah, blah, blah, blah. And the list goes on and on and on of the news. nausea that I can talk about from them, about how they and they and they, when it's us and us and us, we are the deliverers of greatness. They are the Hoover vacuums of us and our treasure. And it's grown leaps and bounds. And unfortunately, they've set up this system.
Starting point is 00:05:26 What can we do about it? Elect somebody new? They do the same. I keep telling you that between Biden and Trump, it's the Ebola virus versus the bubonic plague. What's going to change? Oh, he'll stop the border, Trump. Yeah, that's right.
Starting point is 00:05:52 But what else? he's going to spend us into oblivion and debt us into oblivion also, just like he did his four years. And don't get me started on Biden. So here's the sentence that I saw today. And I'm going to suggest it's not a 100% correlation, but pretty damn good. So they come out with this GDP number. And they're, oh, look at it. how good we are. Joe Biden, look how good I am. My policy's this and my policy's that and this,
Starting point is 00:06:36 that and the other thing. Look at me. Yay, yay, yay. Let me read the sentence to you. It cost $834.2 billion in debt or of debt during quarter three to grow the U.S. economy, 334.5 billion. So the economy grew by 334.5 billion. But Washington, D.C. grew 834.2 billion of debt. Debt buying the economy. $2.5 for every one of debt, for every $1 of GDP growth. they're freaking killing us.
Starting point is 00:07:36 We keep moving forward and they keep stomping on our head. And as I've said to you, and I mean this, we haven't blown up, the economy hasn't blown up, the bond market hasn't blown up because throughout the years
Starting point is 00:07:54 they printed to nine trillion bucks and they keep cutting another credit card to pay for the last one. When the moment comes, I don't know. But there is no way in hell you can grow an economy, $334 billion, with $834 billion of debt, brought to you by them. And this is why I say they all suck. And I hate talking like this.
Starting point is 00:08:32 I don't want to talk like this, but I have to state facts. and I have to put the warning shot out there. In 2007, I was one of the only ones that never got the credit for saying real estate bubble. And it popped. And I didn't even know that they were putting mortgage-backed securities together like Goldman did, saying that they, I can't use the word, how bad they were,
Starting point is 00:09:08 and then shorting them, and then leveraging them, 10 to 1, 15 to 120, ensuring a meltdown. And what did they do? Oh, they came to us. Hey, everybody, we have a crisis. We need to spend $800 billion of your tax dollars and give it to Wall Street that committed all these crimes
Starting point is 00:09:32 and not one person's going to be indicted, even though massive fraud, Wall Street. So they took it from us. Did we get paid off? No. Wall Street, wash, rinse, repeat. The crooks became billionaires. And onward and upward we go.
Starting point is 00:10:02 834 billion of debt in the last quarter, in the last quarter, in the last quarter, in the last quarter, which takes me to Mitch McConnell. They're calling him a true legend. Mitch McConnell is retiring as the head of the Senate in the Republican Party. A true legend. When Mitch McConnell became a senator,
Starting point is 00:10:34 we had $1.8 trillion of debt. We have $34 trillion now. Mitch McConnell was the head of the Senate for many years in the Republican Party. The longest ever. True legend they're calling him. Now, for conservatives that talk about the courts, I think he did a magnificent job for you guys on the Supreme Court.
Starting point is 00:10:59 Did some interesting things with Merrick Garland under, I believe, Obama. But when deficits, another miserable failure. Up next, we'll finish this off. Lots more. I'm Gary. This is the one only investors edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio. show Investors Edge. We're not just handsome radio people. We manage investors money for a living, specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed. We also provide a full range of personalized services, including retirement planning,
Starting point is 00:11:52 fixed income, and educational needs, all to assist you in achieving your financial goals. Understanding not all individuals have the same needs, we'll carefully evaluate your personal goals to determine a proper investment strategy. If your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complementary portfolio review. The number to call is 888-4-2-5-59. That's 888-5-5-9. That's 888-4-2-5-9. Investment Advisory Services offered through call-bomb capital management. Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode,
Starting point is 00:12:46 we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomach kick every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication.
Starting point is 00:13:22 We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio. Listen now wherever you get your podcasts. Here's a quick podcast for all you true crime fans. The case of the missing Reese's. It was me at the store with my mouth.
Starting point is 00:13:54 Motive? Um, they're Reese's. What was I going to do? Stop myself. Tune in next time to see if I do it again. Spoiler, I will. Wow, that had everything. Rees, suspense, Reese's.
Starting point is 00:14:14 OnDec is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps, OnDex loans up to $400,000 help make it happen fast. Rated A-plus by the Better Business Bureau and earning thousands of five-star trust pilot reviews, OnDec delivers funding you can count on. Apply in minutes at ondeck.com, depending on certain loan attributes, Your business loan may be issued by OnDec or Celtic Bank. OnDec does not lend in North Dakota.
Starting point is 00:14:41 All loans and amount subject to lender approval. It's time to switch on the integrator units and get the brain cells working. You're listening to. Hey, this promises to be fun. Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this.
Starting point is 00:15:03 And welcome once again to Investors Edge. So the people that are in cahoots throughout the years with McConnell and the rest. And just so you know, even though he came in, it was $1.8 trillion
Starting point is 00:15:36 and now it's $34 trillion, and that means he's a miserable failure. Oh, it's not all him. We're not putting all on one person's back. You needed all of them. You needed all of them. And it really, really, really started with Bush, the second Bush.
Starting point is 00:15:56 and then Obama and then Trump and now I can't even use the word to describe Joe Biden I get violently ill now when I watch him on TV just spew lies like there's no tomorrow as I said he's taking the championship belt away from the last guy
Starting point is 00:16:19 and what a high bar to get over so just letting you know the true legend Mitch McConnell is now moving on and whatever. That's what I really have to say. Whatever. Next person ain't going to be no different. Trumpathy wins. Ain't going to be no different.
Starting point is 00:17:01 I'm 100% certain of it. Ain't going to be no different. It's their power. Simple as that. Ain't going to be no different. And I know the people, and you know, if Trump wins, we'll give him all the opportunity to do great things. We'll root him on. We will absolutely root President Trump on to greatness.
Starting point is 00:17:44 We'll be behind them 100% to do great things. That's our thoughts. on the debt of just the last quarter, Mitch McConnell, and the rest. As our first $1 trillion of our taxes every year is going towards interest on that debt, not to the young, not to the needy, not to the elderly, not to the downtrodden, not to the infirm, or the homeless or to the roads or the bridges or the streets or the grid. Interest on the debt that they put us in on purpose. We have no love for any of them.
Starting point is 00:19:16 From the highest to the lowest, from the top to the bottom, Some worse than others. And we're hoping one day to find some heroes. Notice I say, some heroes, plural. It's going to take a lot more than one person or one vote in D.C. Maybe one day, things will get better. There's an old line, how do you get the crap back in the goose? You can't.
Starting point is 00:20:12 We move on. Crypto. Another monster day for crypto. Let me describe a couple of things. Number one, there is a company called Micro Strategy that's just turned into a company with crypto. It has doubled in one, two, three weeks. 500 to 1,000, closed at 962. This week, it starts.
Starting point is 00:20:44 the week at 687. It's at 962. As you know, we personally, as it was running up to 69,000 long time ago, it was a bubble. And then it went down to the low, I don't know of 10,000 maybe. Let's check that out. Bitcoin price. Let me get a chart. Let's go back five years. Hi, I'm showing 64,000. I thought somebody said 69 today. And then it hit a low of 16,000. So 64 to 16 to 75% drop. Now it's in Fuego. The people that were crapping in their pants as it was going from 64,000 down to 16,000, are now telling you again, told you so, after telling you so at 64,000 the first go-round.
Starting point is 00:21:57 Let me be clear. I have no clue. Zero clue. Not a 1% clue, whether we're just on its way to 100,000 or even more. I don't have a clue if it goes, if it tops out tomorrow and heads down. What I do have a clue is there are no earnings, sales, anything to back up any valuation of this,
Starting point is 00:22:33 except somebody's buying more of it. They're telling us, well, the new ETFs have more and more people in it. I'll give them that. But they still can't tell me what's the price earnings multiple? What's price to sales? What I do here is it's the new thing and you better get on board. I ask, what does that mean the new thing what? What about the other 32,000 coins that were foisted upon the public that are now at zero?
Starting point is 00:23:11 Well, these are the real deal. That's what I'm being told. I will end the crypto part with saying, we're going to let you decide. Simple as that. On a technical basis, we told you on February 7th, it was turning up again. Boy, it sure has. Up next, today's market. Movers of the day and all that stuff.
Starting point is 00:23:37 I'm Gary. This is the one only investor's edge. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomachache every day.
Starting point is 00:24:25 Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeart Radio. Listen now wherever you get your podcasts.
Starting point is 00:24:57 Here's a quick podcast for all you true crime fans. The case of the missing Reese's. It was me at the store with my mouth. Motive? Um, they're Reese's. What was I going to do? Stop myself. Tune in next time to see if I do it again.
Starting point is 00:25:17 Spoiler, I will. Wow. That had everything. Rees. Suspense. Rees. Cash flow crunch. OnDex's small business line of credit gives your business immediate access to funds, up to $200,000, right when you need it.
Starting point is 00:25:36 Cover seasonal dips, manage payroll, restock inventory, or tackle unexpected expenses without missing a beat. With flexible draws, transparent pricing, and control over repayment, get funded quickly and confidently. Apply today at on deck.com. Funds could be available as soon as tomorrow. Depending on certain loan attributes, your business loan may be issued by Ondek or Celtic Bank. Undek does not lend in North Dakota. All owns an amount subject to lender approval. You're listening to.
Starting point is 00:26:04 America is talking. Investors edge. He's got to be pleased with that. The crowd is just on his feet here. He's a Cinderella boy. With Gary Colbomb. It comes highly recommended. You're going to feel better if you talk to him.
Starting point is 00:26:20 Now what we do try to do is kind of try and measure things. I'm getting calls from people on the last day about should I buy Bitcoin from people I don't even know and I just say to them you know it's just gone from 16,000 to 60,000 from the low why didn't you call me at 16 well well well in case you don't know now it's in the news big time everybody's talking about it big time that's why and everybody wants to jump on that mover can't argue what we ask each and every one of you is just know where things have come from and know your risk parameters. In other words, I got to get in. If this thing's going on a million like what's her
Starting point is 00:27:17 face says, I got to get in. So you buy it at 60,000. What price you're getting out at if it doesn't work? That's what you need to do. And that's like everything else. But again, we repeat no clue whether it continues. What we will look for is a climactic day, like Super Micro just had it above 1,000, and it's back to 800 at this juncture. We don't think today was climactic. It came off the highs today.
Starting point is 00:27:59 Don't think that's really climactic, but just know it's had a big move already this week. And there was no changes. They didn't announce a new chip. or a new restaurant or a new medical breakthrough, people are just jumping on it. That's all. That's all.
Starting point is 00:28:25 That's all. We move on. We notice something at the end of the day today. They started coming after some of the tech and the AI and stuff like that. As we have stated, after such a move, and we own some of them and are up big, it would be normal to sit, rest, correct. And as we have stated to you in bull markets,
Starting point is 00:29:00 very often you get 10, 15% corrections in the best stocks. Not sure were there yet, but it was one of those days where you could tell they were coming after. And we wouldn't be surprised to see some sort of, No, just a little NASDAQ weakness. Not everything. There's some things on earnings that are really strong.
Starting point is 00:29:29 Got a few more gaping up in the aftermarket, a few gaping down also. Hopefully you don't own something called Snowflake because there's a blizzard on that one. And even Salesforce.com, it's only down $11 now to $288. That's not a big drop on earnings. So Dow was only down 23, was down over 100, and I must tell you it was a good 23 because United Health was down 15. Was down 25, though, at one time today. Something about the Department of Justice. S&P down 9, NASDAQ 87, NASDAQ 196, transports 90.
Starting point is 00:30:12 Advanced declines, not very good today, especially on the NASDAQ. But overall, let's call 107. a mix bag and we wouldn't be surprised just some near-term weakness wouldn't be surprised on some of those areas but again some big runs and we're also seeing some really there are blowups today but good reaction to earnings auto zone yesterday missed the number lowered the number was still up a hundred was up another 50 today it's a three thousand dollar stock keep that in mind Constellation Energy, big day yesterday, up another 14 today. Even eBay gapped up today a little bit, as well as some others.
Starting point is 00:31:05 So a bunch of that's going on. Now tomorrow there's an inflation number. We'll see. Beats the heck out of me. Last one was pretty, you know, rough. But I must tell you, interest rates have pretty much hung in there. interest rates they've been settling down
Starting point is 00:31:33 for two Fed as we have said to you people are starting to agree I don't think they matter right now what are they going to do they're going to lower rates a quarter point or not who cares markets on its own doing its thing
Starting point is 00:31:47 and every day we just look for new merchandise and they come from the earnings announcements strength greatness not the caca tomorrow will be another day. But if you guys own crypto, God bless you.
Starting point is 00:32:16 Man, oh man. Man, oh man. Great, great move. Got to mention an announcement. I love Richard Lewis stand-up comedian. He passed away of a heart attack. I'm being told. He's been back and forth ill for a while.
Starting point is 00:32:38 And he had been diagnosed with, I guess, he had some sort of Parkinson disease, but he's still been on Curb Your Enthusiasm with Larry David. And it's airing on HBO now. He passed away. I love the guy. Brilliant, brilliant comedian. And we need a lot of laughs right now to offset my radio show.
Starting point is 00:33:01 That depresses you every now and then. Man, died of a heart attack. All right. I got to think of something happy, right? I got to come up with something happy. In other news, well, that ain't so happy. Cannabis. Well, you know, everyone legalize it everywhere and all good and we've been warning you about it.
Starting point is 00:33:39 Using marijuana, any form is linked to 42% increase stroke and 25% higher chance of a heart attack. Just letting you know. Just the study that's warning, but don't worry, everything's a-okay. Remember what we told you, the only reason our wonderful government legalizing it here and there, they're pissed off that your cousin who sells you, his stuff, is selling it to you and not getting any taxes, and they want the money. Just letting you know. They don't care about you.
Starting point is 00:34:12 Oh, we care about you and your health. Yes, yes, yes. I'll go smoke some weed. We're going to legalize it. Yeah, open that CBD store, CD. be, whatever the hell it is. Sure enough. Anyway, that's out today.
Starting point is 00:34:26 And by the way, there's been a lot more than one study on it. And they did one of the studies with 430,000 patients in 27 states, ages 18 through 74. So just in case all you parents have kids and your kids are saying, wow, you know, they're legalizing. and it must be good. We want you to remember that. And just so you know, you walk through New York City right now, I don't call it Manhattan anymore.
Starting point is 00:35:05 I call it the Big Bang hit. Just everywhere. Everywhere. Stinks the high heaven. In the news, San Fran. Again,
Starting point is 00:35:22 Macy's shutting stores. Oh, well, Macy's is shutting a bunch of stores. But the people have been interviewed, and they say the reason why they're closing because it was crime, even though the mayor said it wasn't crime. Somebody working in the men's department said, four blazers, 10 wallets and 20 packs of underwear were stolen daily out of the store in Macy's. Just letting you know. We don't make this up. Because today, Joe Biden was out today. Joe Biden, the crime fighter, saying how good he is done on crime.
Starting point is 00:36:10 Don't believe the videos. Don't believe what you see. He's wearing the cape. Our man, Joe, saving the day on crime. He's flawless. What a man, what a man, what a man. Macy's, San Francisco in the news. Up next.
Starting point is 00:36:38 This, that, and the other thing, and whatever else. Oh, advertising. This is the one only investors' edge. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health
Starting point is 00:37:19 with CBS pharmacist Victoria Motole. who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomachache every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive.
Starting point is 00:37:52 We deep dive into your medication, we deep dive into your OTC medication, and then at that point we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeart Radio. Listen now wherever you get your podcasts. Here's a quick podcast for all you true crime fans, the case of the missing Reese's. It was me at the store with my mouth. Motive?
Starting point is 00:38:27 Um, they're rees. What was that going to do? Stop myself. Tune in next time to see if I do it again. Spoiler, I will. Wow, that had everything. Reeses, suspense, reeses. Cashflow crunch.
Starting point is 00:38:46 OnDak's small business line of credit gives your business immediate access to funds up to $200,000 right when you need it. Cover seasonal dips, manage payroll, restock inventory, or tackle unexpected expenses without missing a beat. With flexible draws, transparent pricing, and control over repayment, get funded quickly and confidently. Apply today at on deck.com. Funds could be available as soon as tomorrow. Depending on certain loan attributes, your business loan may be issued by On Deck or Celtic Bank. On Deck does not lend in North Dakota, all loans an amount subject to lender approval.
Starting point is 00:39:16 You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. In The Bester's Edge with Gary Kaltba. So, we do markets here. We believe we have some of the best eyes in the business. We've proven it time and time again.
Starting point is 00:39:51 Not flawless, but when wrong, be wrong fast, be wrong small. And I will tell you plenty of times. We've been wrong small and the thing turns right back up and goes. And when right, try to hold them. Please try to hold them. Why? Because the big money is made over time and in the greatness. But what we also like doing is lesson time. And we do a lot of lessons with you guys.
Starting point is 00:40:20 We've taught you about insider buying and selling. Money management. Breakouts, breakdowns, resistance support, good, bad, ugly. but we've also done travel and we've done a lot of shows on scams you know we once did one
Starting point is 00:40:46 where we woke up at like three in the morning my dog you know he always wakes me up because he loves me and I'll turn on the TV and I once saw this guy with a bad toupee hawking his miracle water yeah
Starting point is 00:41:02 this miracle water and then he has these people saying I got my miracle water and I got a check for 40,000 bucks three weeks later. And what we just tell you is, you know, we got some nasty emails on that because they said we were ripping on religion. No, we were ripping on a sheister. Not religion. Anyway, what we always also want you to be careful about is just the bad people and bad advertising. you know when you see somebody hawking something on TV and they're telling you how great it is,
Starting point is 00:41:42 but at the bottom in letters the size that Superman could not read, results not typical. So in other words, they're telling you, if you take this pill, oh, you're going to, I'll go to the other one. You're going to lose 100 pounds in three weeks. Results not typical. and they show you a model with an eight-pack, and we just tell you, be careful. Just be careful. Notice, they don't put results not typical in big, bold letters on how to lose 100 pounds.
Starting point is 00:42:31 So last night, Winston snuggled up against my knee, and as I always do, I'll just get up for a little bit, and I turned on TV and I saw an ad for a Toyota dealership. And I just want to warn you. That's all. And I think it's just a local dealership. I don't think it's Toyota. But I'm going to start finding out if it's more and more.
Starting point is 00:42:59 Do you know how all these auto companies will do advertisements for leases? Oh, get this only 359 a month. And then at the bottom there's a paragraph again that Superman cannot read. But if you look closely, it says $4,000 down. So you're putting money down on a lease. What I saw last night, I've never seen before. $129 a month. I believe it was for a Corolla, not a Camry.
Starting point is 00:43:37 It could have been a Camry. And at the bottom, I had to stop it. You know, you can stop the TV. And I put on my glasses. 9,500 due on signing. So they're presenting you, and by the way, with a good-looking woman, come to Toyota of 129 months, and they're telling you what a great deal it is,
Starting point is 00:44:03 $9,500 down? Get the hell out of here. So just be careful. That's the enticement to get you there. before you get the disappointment. $9,500 down, that's sheer insanity, and they know it. And they're shameful that they would actually foist a lease onto somebody on a car that's... If it was a $200,000 car, maybe.
Starting point is 00:44:39 But these are like $30,000 and $40,000 cars. Yeah, put 25% down on a lease and you don't own the car, and that's how you get to pay $129 a month. You know what? You can actually pay a dollar a month if you put down the whole price of the lease minus the residual. So we hate that we have to do this, but we just love being able to be your voice. You're another pair of eyes for you to just be careful. Why?
Starting point is 00:45:10 Because everybody buys cars. And I thought that advertisement sucked. It sucked. Absolutely. Just to get you to call. You know you're not paying $129 a month for a... I think the car's $35 or $40 maybe. I don't know. Yeah, give me $9,500 up front. By the way, that's lost money.
Starting point is 00:45:37 It's gone. You don't get it back. You know, when you put $9,500 down on a new car, it's also lost pretty easily because, guess what? Once you buy a new car, you lose a bunch of money, right, taking it off the lot. That's how it works. Anyway, I thought that was worth mentioning because every dime you have counts. And just so you know, I'm a lease guy.
Starting point is 00:46:04 I never put any money down on a lease. Notice we're doing auto leases today, isn't that cool? I never put any money down. And boy, do I work them down, but good. So anyway, there's your, you. Gary K. Autolese, be careful with yourself, type of stuff. And that's today. Tomorrow we'll see.
Starting point is 00:46:32 By the way, I need to mention one more thing on crypto. It always trades. You got that? It trades overnight. Just so you know, I really wanted a short it today. When it went over a thousand micro strategy, I wanted a short it and finished it. 9.54. I could have made some money.
Starting point is 00:46:51 It's too scared. It was moving $15 every minute. So just be careful. Do what you think is best for you. And if wrong, be wrong fast and be wrong small. Tomorrow I'll be on with Varnie and Company. 10 a.m. hour. Fox Business Network, check it out.
Starting point is 00:47:11 And until tomorrow, you have a great evening drive carefully. When you get home, do like we do. Quite simple. Make sure you hug your family. Make sure you hug your children. They will feel better. You will feel better. I promise.
Starting point is 00:47:21 Stay well, be well, everybody. Have a great night. Bye, bye. This has been Investors' Edge with Gary Cult Bomb on Biz Talk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.com. Struggling to see up close, make it visible with Viz. Viz is a once daily prescription eye drop to treat blurry near vision for up to 10 hours.
Starting point is 00:47:45 The most common side effects that may be experienced while using Viz include eye irritation, temporary dimmer, dark vision, headaches and eye redness. Talk to an eye doctor to learn if Viz is right for you. Learn more at viz.com. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. Their zero-chafe thanks to four times more stretch than competing brands. And their innovative horizontal quick-draw fly is a game changer.
Starting point is 00:48:10 With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com code comfort. Tommy John, comfort perfected.

There aren't comments yet for this episode. Click on any sentence in the transcript to leave a comment.