Gary starts with the job reports that came in. As expected by Gary, it came in the wrong, and also, as expected, President Joe Biden has taken credit for it. Gary is upset with this because President Biden claims it is from his Economic Policies. According to Gary, President Biden hasn’t passed any economic policies outside of spending. Gary states that this isn’t economic policy. The only good thing in the economy is the opening of it. Gary predicts a surge in September for jobs as the money stops rolling in. Gary is wondering if we are hitting the peak in these numbers. People are going to be forced back to work and probably not to the job they want.
Gary has seen signs of many places that have closed early. The lack of staff has been killing many businesses. Gary is thinking, then what? What if we get opened, and a new stronger variant emerges and repeats the process. Cruise Lines, Airlines, and many other businesses have made it tough to gauge. They have seen a rise in demand but not the ability to supply it. The bigger issue is inflation, debt and higher taxes.
Investor’s Edge with Gary Kaultbaum can be heard on weekdays on MoneyTalk 1010. Gary Kaltbaum is a registered investment advisor with more than 30 years of experience in the markets. He is the owner and president of Kaltbaum Capital Management, a financial investment advisory firm headquartered in Orlando, Florida. He is a Fox News Channel Business Contributor regularly appearing on Fox News Channel and the Fox Business Network. In addition, Gary is the author of the book “The Investors Edge” and the host of a nationally syndicated radio show with the same title, “Investors Edge,” broadcast on numerous stations across the U.S. The show is also available on-demand and airs live 6-7 pm EST Monday-Friday. You can hear past shows online at garykaltbaum.com.More Money Talk 1010 Highlights.
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