Hey, it’s Dan. Welcome back. You’re watching IAllegedly. And I’ve got a good one for you today because this is officially Donald Trump’s economy from today forward. So, some of you are excited about that, some of you are going to say, I told you so, but there’s a lot to cover. So, let’s get right into it. Hit the like button, subscribe to the channel to it, please. First things first, okay? Donald Trump’s been in office basically almost six months now. After the 4th of July holiday and we start getting all the different job numbers, at some point in time, the current administration has to be the one responsible for what’s going on in the economy.

And that’s where we’re at right now, okay? The big beautiful bill just got signed and it is loaded with just shenanigans, which we’ll cover throughout the week coming up. But, you know, there’s just a lot of crazy stuff that’s in there. And one thing that is wild right now is you’re starting to see cracks in major things like real estate and shipping and you can, you know, tax and spend and give all this stuff away. But Michael Hartnett from Bank of America, who’s a fairly conservative guy in that sense, has said that we’re going to see our national deficit by 2030 hit $50 trillion.

That is crazy, guys. It’s absolutely nuts. And what you’re seeing right now is you’re seeing real problems when it comes to the housing market. You know, one thing that I was blown away with was Lenar Homes, which is arguably one of the country’s largest homebuilders in the world. They came out with their numbers this week and just pay less. And we thought I got to do this right because, you know, they generated 22,601 orders and delivered 20,131 houses. What was the average house price, which this just blew me away? $389,000. That is wild, guys. I’m telling you, guys, if you guys live in a place where you can buy a $389,000 house and I’m walking amongst this crap with an HOA for $1.72 million, God love you, man.

Because, I mean, I can’t believe that. But every single house had to have incentives. How many incentives can you give for new construction before it’s too much? Now, I’ve shown you guys KB Homes and all these different things here in Orange County where they had $930,000 condos that are attached with no backyard, no driveway, no privacy, no nothing. I mean, you’re basically, you might as well live in an apartment building. And with that, it’s too much. But the wording that they used, we have affordability challenges, interest rates challenges. There’s challenges in consumer confidence right now.

We adhere to our strategy of driving start, sales, and closings in order to defeat our long-term efficiencies to deficiencies in the industry. Guys, I’m telling you, you’re not going to be able to do this because when you see businesses that are hurting, like McDonald’s, and it’s too expensive to go out. Now, Waffle House, I’m telling you guys, you guys ever want an experience, okay? Bring somebody strapped, but go to a Waffle House. I am telling you, it is amazing. The arguing, the fighting amongst the employees. I mean, it’s just the shenanigans that goes on in these places.

I ate there once and then went back a second time and I’m like, oh my God, this is happening again. This is unbelievable that this is what happens every day at these places. Different place, same nuts. They just got rid of their egg surcharge because egg prices have gone down. Now, you can sit there and say, is that a big deal? Is that right? Is that good? You know, all these different people, you know, one thing that was in the Washington Post, Trump’s economy remains pretty strong. But some warning signs are flashing that yes, they are.

And you’re starting to see this getting to be only worse and worse and worse. The Atlantic, which again, places that hate Donald Trump. And again, I’m not trying to be on his side. I’m just trying to tell you that this guy, for those of you that hate this guy, this is your dream come true because he owns this from here on out. Either they win the World Series or they’re crap. You know what I mean? It’s that simple. There’s no in between. So you’re going to see a lot of people that are going to have problems with this.

But that’s where it’s at right now. The Atlantic, Trump’s only OK economy is what they’re calling it. Now, that’s fascinating. I mean, it really, really is. But how do you feel about that? Do you think it’s bad? Do you think the economy is really good or bad right now? The shenanigans with interest rates. And you’re starting to see the large banks and different financiers step forward and say, hey, we need a new Fed chairman. OK, great. Who’s going to be the Fed chairman? And I put it into Enoch and asked the question on their five recommendations.

And you guys can see that. But who’s going to be this person that’s going to run the Fed? And again, will this person just be the rubber stamp for Donald Trump to lower interest rates, lower interest rates? Is that going to make your house affordable? No. Is it going to make it so that you’re going to be able to afford a house? In other words, with your lack of a job? No. It’s going to do certain things. As far as business, it’s going to drive certain business. But will it make it so that employees will be able to work for you? Who knows, man? I think that you’re going to see a lot of problems right now.

The fighting with Donald Trump and Elon Musk is getting worse and worse and worse right now. And what’s fascinating about this is that Space S just lost a government contract to test payload. And I’m like, oh, that’s tit for tat. They’re just doing stuff back and forth. This is kind of important right now. He was taking his rocket, the one that lands by itself again. He was doing that. And they were going to test large payloads over 100,000 pounds and how they could do this and how quick they could get it in different areas and project a rocket up and drop that.

Ah, we’re not going to pay for that now, which is horrible. When you do this and you go and you have this infighting like this, it’s completely a waste of time. Something funny out of Mexico right now is this. There is a tremendous amount of migration right now, especially people here in California. Like, I can’t live here. Let’s go to Mexico. Let’s go live down there. And it’s doing what? What is it doing? Driving up the price of rents, driving up home prices down in Mexico. What are they doing? They’re protesting in the streets.

Furious. You guys need to speak Spanish. You guys can’t do this. Ever hear anything like this? Kind of here? Okay. That’s what they’re doing in Mexico. Read the story below. This is not me making this up. This is a great story that I found for you that is unbelievable because, you know, what’s good for the goose is good for the gander. But again, everybody’s out of money right now. Everybody’s strapped right now. This is going to be the summer where travel is off, where, you know, if you can get an incentive, you can get a discount on anything, take it.

Take it. And ask for that. This is what’s happening with these homes. I’m telling you, if I was going to go buy a Lenar home KB or, you know, a DH Horton or a DR or whatever the heck they’re called, I would offer the floor. I would say I want you to throw in everything under the sun and get what you can get. Because right now, the likelihood that you’re going to get that is very, very high. So unbelievable, you know. So the other thing is, you know, how about this? You know, the Jeff Bezos wedding, think about this.

How about this for a wedding? This is insanity. One point one billion dollars for him to marry the weather girl in Venice. His money, you can do whatever he wants. He just sold, you know, seven hundred and sixty seven million dollars worth of Amazon stock, but it cost over a billion dollars. Think about this. What this did for the economy, OK, for all the guests is that it worked out to be five point six million dollars per guest on that local economy in Venice. That nuts, guys, who does that? Who’s got that kind of scratch that you can piss away on a wedding? I guess he does.

But again, does that make the marriage last longer? What do you think about this, guys? What do you think about this? You know, they’re garnishing wages in this economy right now. They’re garnishing wages for student loan borrowers. I am telling you guys this right now. Student loans are the easiest thing to put off. They are absolutely the easiest thing to put off. If you bury your head in the sand and you lie, OK, and you don’t respond to them, they’re going to garnish your wages. They’re going to come after your assets right now, which is crazy.

OK, one thing that’s sick right now is there are stories of people that are having their social security garnished right now, and it’s high. It’s at a 50% clip for some people because they were overpaid. Hey, Dan, we wrote you too big of a check in 2021, and you got that 18 months of payments you shouldn’t have gotten, so we’re going to take half your income. I did a story two years ago about a woman that had 100% of her income taken, had no family, no job, no prospects to get out of it, and had 20 more months on this, so basically it would be up by now, where she was having to pay back 100%.

Did you guys hear that? It’s a golf ball just landed right next to us, so that’s nice. So, you know, great article, like I said, this is Trump’s economy now, and this came from QZ Quartz, and I love Quartz, it’s a good business magazine. And, you know, a few things are upsetting right now with this. Somebody asked me if these were not Canadian geese, if they were our 51st state geese now, if that’s what we call them. So, welcome to the United States. You can be our 51st state geese, okay? Anyways, you guys get the gist of it.

The numbers are the numbers. If you believe everything’s good, good for you. I see people struggle. I have hundreds of emails a day. I get so many different things sent to me about what people are going through and the challenges they’re going through, and the majority of it is affordability. Now, you can sit there and say, Dan, Donald Trump said he was going to lower prices, which is what he said, but what you have is you have inflation dropping right now, and it’s still not enough, you know? The Waffle House dropping the, you know, the egg fee doesn’t do much.

It doesn’t make the price of a breakfast go from $18 down to $9 again. It doesn’t do that. So, Don, you guys, Michael Hartnett, B of A, I’m going to end this with this one right now. He is convinced that there’s a huge stock market bubble right now and that it’s going to collapse, and you need to get yourself into other things like gold and silver, whatever assets you’re into, but you need to get into safe haven assets. And he is convinced that we’re going to see wild, wild numbers with our deficit because of this problem.

And again, I think that the savings that we have right now that Doge has done is just the beginning. We need to see more of that stuff, but it’s going to be interesting to see what happens. Is it going to make your business more profitable? Is it going to get you more customers? You know, are you going to be able to get more hours or are you going to be like my son who has three jobs right now to make it work? Which is fine. I mean, he’s a kid. He can go do that.

But as you get older and you run out of gas at the end of the day, can’t go work another gig right now. And one thing that we’re seeing is gig workers that are doing things. And my daughter, you know, has just flown around the country over the course of the world, excuse me, the last month for all her different events and things that she’s been covering. But it is crazy, guys, to see what she’s seeing around the world right now and the affordability problem and how expensive things are. And it’s nuts. And it’s not just here.

It’s around the world. Prices went up to here. And now they’re starting to come down a little bit. They’re not coming back down to here, guys, ever get yourself ready for that. OK, hit the like button, subscribe to the to the channel. You want to email me? It’s Hello at I allegedly dot com. And don’t forget, this is the Trump economy, guys. There’s no more shenanigans. There’s no more blaming Joe Biden, Kamala Harris, you know, Hunter. I’m playing them for all you want. But there’s it’s done, guys. This is he owns this from today forward. And I strongly believe that.

So if we’re going to write this better right now, when you have builders that are hurting right now, it’s only going to get it’s going to get more interesting before it gets fixed. That’s what I think. Let me know what you think. You. [tr:trw].

See more of I Allegedly on their Public Channel and the MPN I Allegedly channel.