S15 EP181: Hour 2 - The Tariff Price Hike Economy
Summary
Erickson warns of a Category 2 hurricane threatening the Gulf Coast and discusses New York Fed data showing tariffs have raised consumer prices by 2.9%. He highlights Morgan Stanley’s report that 89% of stocks are down over 10%, attributing the market’s resilience solely to the AI boom. The host defends Treasury Secretary Scott Bessent against recent media attacks and criticizes the administration for failing to address the growing public concern over corruption, citing scandals involving Kimberly Guilfoyle.
Topics discussed
Sponsor: GameTime ticket app
Show intro and 'Four Things to Know' segment
Hurricane forecast for the Southeast and Gulf Coast
New York Fed report on tariff impact on prices
Stock market decline and the AI boom's role in GDP
Iran sanctions, oil prices, and market stability
Critique of administration economic advisors and tariffs
Listener call to action: Website stress testing
Sponsor: Window Nation window replacement
WSJ hit job on Treasury Secretary Scott Bessent
Kimberly Guilfoyle scandals and appearance commentary
Corruption as a top voter issue for Republicans
Sponsor: Vision Computers IT services
Sponsor: Van Allen Golf and personal updates
Sponsor: American Financing credit card relief
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