That is credit, guys, that, whether you believe it or not—and the thing that people, you know, people have written me lately—do not borrow yourself to pay off debt right now. Just don’t. Negotiate it, talk to people, but if you’re going to move a project forward—and, you know, I’ve had people write me in the last 24 hours. I don’t know why I’ve gotten multiple people to write me and say, “Never borrow money, don’t borrow money for your business ever.” Well, if you have a project, give a big contract, or something that’s gonna move forward, I’ll give you an example: let’s say you could make a hundred thousand dollars from this, but you gotta come up with, you know, thirty thousand dollars now upfront to be able to fulfill this contract. Well, that’s a worthy investment, guys. You just need to be disciplined and pay off the 30 grand when you move the project forward. And a lot of people don’t do that, you know? They just can’t. “Yeah, you know, well, you know, the payment is on that, it’s really cheap, Dan. We’re just gonna keep it.” Don’t.

Okay, the next thing is, this is twofold: Spirit Airlines. Spirit Airlines is cutting routes here in the United States, and they’ve been in the news, you know, in the last 24 hours for two things. Well, they’re gonna cut some routes from Charlotte to Los Angeles, and Los Angeles to Dallas, and Dallas to this area. I mean, it’s insane—this discount, no-frills bus, okay? I’m telling you, the bus is more enjoyable than Spirit Airlines is to Dan, okay? Let’s put it that way. Now, what’s crazy is, they have a flight from Miami to Haiti, and it was under fire. They had shots fired on it, and I’m like, “God, that’s crazy. You could hear the bullets?” No—a stewardess got hit in the, you know, in the arm. What? Okay, you want to keep Haiti? Hey, listen, you know, again, corporate executives, get out of the ghetto, guys. Get out of—get out of hell, Haiti. Let’s fly to Haiti, okay? Come on, guys, is that insane?

So, you know, think about this—they have a warlord there that runs Haiti right now. He goes by the nickname of “Barbecue.” Okay, I’m not making this up. So, Haiti is on the list still, but Charlotte, oh, whoa, North Carolina? Pass. Los Angeles? Let’s get rid of that too. So there’s over 24 flights that have been eliminated, but you can fly to Haiti, okay? Wonder how that stewardess feels about this. Think she’d take the Charlotte to LA flight over Miami to Port-au-Prince? What do you think about that?

So again, guys, you haven’t seen anything yet. This is the beginning of this; there’s a ton to cover in this video, and it just—it’s nuts, guys, it’s absolutely nuts right now. But the thing about the real estate sector is that you’re going to see the interest rates stay high right now, which is going to kill a lot of things. Now, it’s funny—I looked at a house yesterday. I’m thinking, “You know what, this would be really cool,” showed it to a few of my friends. “Oh yeah, I could totally see living in that house.” How about this: I called my insurance person. “Can we get homeowners insurance on this house?” “No, can’t get it. Can’t get it on that house.”

Okay, so by—think about this. This is going to kill real estate. Things like this—just gonna kill it. Now, you can sit there and say, “Oh Dan, you know, it’s gotta be something about the house, you know, it had to have, you know, it had to be on the cliff, it had to be stupid, it had to be in a fire zone.” No, guys, it’s just a regular house, okay? And can’t get it. Won’t get it. They won’t even quote it. Okay, so there is a program here in California called FAIR, where it’s state-run insurance, and the state-run insurance is a joke, because, like one agent told me, “It’s not fair, it’s not free, and the policy covers nothing.” So you’re basically on your own if you go out and do that. So if you do this and you move forward on this, you’re gonna, you know, you’re gonna be on your own.

And I’m telling people, “Hey, go self-insure, go just pay cash for the house, go do that stuff.” That’s insane, guys. It’s insane, absolutely insane. But real estate as a whole is going to get killed during this time. You’ll see—you’ll see. There are certain things that are gonna get worse before they get better, and one thing that’s going to be is the real estate industry. Mark my words. Let me know what you think so far about this.

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Here comes the cavalry. Here’s something that’s completely fascinating, and that is I used to think that auto recalls were always done by the manufacturer, and the manufacturer was the reason that they were called. They did the math, and they said, “Hey, wait a second, you know, if we let this go, it’s going to cost us X amount of dollars. Let’s recall the vehicle, and we’ll do all the repairs.” It’s economics, right? Well, wait a second. The National Highway Traffic Safety Association gets complaints every year, and Honda is going to recall another 1.4 million vehicles because of a tie rod that connects to the motor and makes engine failure happen. And they had a hundred and seventy-three complaints this year to where they instigated the recall and said, “This is ridiculous, you know, people could get hurt.”

But think about this: you go out, and you buy a vehicle, and you’re just some complaining Ken or complaining Karen. “Oh, I drove up a curb, and the axle fell off, and I thought the car would be tougher than that.” I’m not talking about shenanigans, because people complain about their lunch and will do it in writing and things like that. But this is something that you have a 2016 to 2022 car—that’s to say, Honda Pilot, Acura, the TLX—I mean, the stuff is too new to have issues. It shouldn’t have issues. So what do they do? They recall these vehicles, and they just recalled 40,000 vehicles, which sounds like a lot, but not compared to 1.4 million vehicles. My gosh, this is off the chain.

But this is the thing—so if you have a problem and you have a good mechanic, that’s the thing it would take. It would take somebody to sit there and go, “Hey, this vehicle is too new for this to happen under normal driving conditions. You shouldn’t have a failure like this.” Well, that’s where you want to contact the National Highway Traffic Safety Association and file a complaint. So, kind of wild that this is what happens now.

Couple things—you know, we’ve talked a lot about Elon Musk lately, and a few things is that he wants to get in the government business. And, you know, one thing that he is concerned about is who’s gonna run the Federal Reserve. He says, “Hey, wait a second, you can’t sit there and say that Jerome Powell can’t be fired. Of course Jerome Powell can be fired.” So he’s saying that, which sheds light on it. If this guy opens his mouth as the richest man in the world, you can’t—you can’t just tell us you’re not going to do anything about this. And then the other thing is—think about this, and again, to have a conversation with this guy, to sit down, you know, undisturbed, not, “Hey, I have a question,” but to have a meal with this guy or a drink with this guy would be amazing, because he feels, from our budget, that he can trim two trillion dollars off our debt immediately and off the budget. Isn’t that wild to think about? What are you gonna cut, Elon? Read the articles below.

But waste and excess—you know, when you hear about things like Boeing, Boeing right now settles their dispute with the machinists, and 34,000 machinists get to go back to work. But, you know what they announced yesterday? They’re gonna lay off 17,000 people, because they are financially having a difficult—having difficulty, and have to trim the fat right now. That is wild, guys. So, congratulations, you guys are coming back, and you guys over there, you’re all going, you know?

So one thing that’s been brought to light lately is all the excess spending, and when you have a soap dispenser that they’re paying nine grand for, that’s insane. So what is Elon gonna do for this? Seriously, I mean, it’s gonna be crazy to sit there and think about this guy stepping forward and cleaning house. I mean, I’m seriously looking forward to this. So let me know what you think about this so far.

Everybody’s happy. Every now and then, you hear about something that’s preposterous, and you go, “Wow, that’s really stupid, I can’t believe that happened.” Party City is a store, a party store, that your friends, your wives, people go shop at for parties. But lately, it’s been suffering because people don’t have money to spend big-time on parties. Think about this—they made so much money selling balloons that they should buy the balloon and helium company Anagram. So, Anagram, a company that Party City owns, just filed for bankruptcy. Well, that’s gotta be—that’s gotta mess up your financials a little bit, but it shows you the state of that business where it’s completely upside down. So Anagram’s filing bankruptcy.