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The First Annual April 25th Omaha Bugle Prediction Show
Manage episode 414989004 series 3392534
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Anxious to avoid cliche´d January 1st predictions for the New Year, Adam and Jeff kick off their first annual prediction show on April 25th and offer a few ideas about what will happen in the upcoming 12 months with regard to inflation, the presidential election, and housing prices. Jeff points out that inflation can increase or decrease however much you may desire so long as you construct the index properly. So if you want to avoid a lot of inflation, you can load the index up with items that are either stable in price or declining in price. He also blames the vast expansion of the national money supply for much of the inflation we have seen in the past quarter century because there is simply too much money chasing too few goods. Adam is concerned that there is no one who talks consistently about cutting the debt or balancing the budget because spending cuts are simply not very much fun. The other problems is that comparatively little government spending is for capital improvements on a national scale--most of the money is spent on transfer payments or, increasingly, debt servicing costs. As far as the presidential election is concerned, Adam believes that Joe Biden and Kamala Harris will be replaced by a ticket consisting of Gavin Newsom and Taylor Swift--both of whom have very good hair. Jeff believes that Joe Biden will not go quietly into the night and that he and co-President Dr. Jill Biden, Ph.D, will run for another 4 years to complete their destruction of the American nation. Jeff also believes that Donald Trump will run for President and, if there is a reasonably fair election, win a second term. Adam and Jeff have both indicated that they would be receptive to serving as vice president should Trump come calling but they acknowledge that the likely candidate will be the person who has least irritated Trump on the day that he makes his vice presidential selection. Finally, Adam believes that housing prices will remain relatively stable because there do not appear to be any black swan events that will tank the housing market in the next twelve months.
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