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Original show date March 14, 2025
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-Timely news is important! We upload new clips every day! Make sure to subscribe!
Original show date March 14, 2025
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NewsTranscript
00:00All right, let's get into Friday feedback for the week. Remember that you can write to info
00:04at David Pakman dot com. If you have any message you would like to deliver,
00:07we will also look at YouTube comments, Twitter responses, tick tock, Instagram,
00:14the David Pakman show subreddit. You never know what will end up featured here.
00:18First is a message that came through from Instagram, and this is an ugly one. Here's a guy
00:27who wrote and said, I'm watching your episode on YouTube where you said Biden is the most
00:32successful president in 50 years. This is stupidity at its finest. Biden didn't do anything
00:39but make this country worse than it is. Go back to 2020 to 2024. The economy was doo doo,
00:47and we had the worst border ever. And we had drag quins messing with children. I ask you,
00:54what the fudge were you thinking? Biden is the worst. And you know it,
00:59Pacman. And of course, understand that these people never have any facts.
01:03If I were to try to make such a such an argument, I would say, here's how the unemployment rate was
01:10worse then. And the stock market was doing worse and inflation was worse and job creation was
01:14worth. But two months into Trump's presidency, what we see is that despite messages like this,
01:21it was doo doo. It was poopy. It was bird poop during Biden. What we see is that the strong
01:30stock market growth of the Biden administration has been replaced with one of the most erratic
01:35stock markets with some of the worst weeks in years already. We saw inflation start to tick up.
01:42We saw job creation decline significantly. We are starting to see strained, if not cracked
01:50relationships with historical allies. So make if your case is so strong, sir, make it with facts,
01:59make it with data and resist the ad hominems. And then maybe you'll be taken a little bit more
02:04seriously. Joe G wrote on YouTube, the elephant in the room. This is about the woman who voted Trump
02:11and then lost her job thanks to Doge. Joe says the elephant in the room. Is she regretful of her vote
02:19because she got fired? Would she have spoken against MAGA if she was still employed? And of
02:26course, that is a completely fair question. There are lots of people. This is not exclusive to the
02:31right, but there's a lot of them on the right. There are a lot of people who only care insofar
02:38as something affects them. And I, I, I, it would be a great question for Riley if she appeared on
02:46this show. Is it only because you got fired that you now disapprove of what's been done?
02:53But if you had been able to keep your job and otherwise everything was the same,
02:57would you be as upset as you claim to be? Totally reasonable question.
03:02Ville, Ville Hinton says 49 months of positive job growth and it took less than a month to
03:11tank it. Pretty remarkable. You know, um, job growth for February did come in well short of
03:20estimates. It, there was still job growth, minimal, minimal, but it did come in a very,
03:25very shy of estimates. One of the things I hope to get an answer to is on what day does it become
03:35Trump's economy? Because for now, Maria Bartiromo says, yes, there's a recession coming,
03:43but it is going to be Trump's recession. Uh, Trump says, yes, egg prices are sky high,
03:50but that's thanks to Joe Biden. My question is on what day can we finally say this is now
03:58Trump's economy and we can keep, it's not about blame or credit, but we can hold Trump accountable
04:05for what takes place in this economy. Let me know the date. Is it April 1st? Is it May 1st? Is it
04:10next year? Or is the answer when anything good happens, it's Trump's economy. When anything bad
04:18happens, it's Biden's Tiffy Kitty commented on YouTube. I lost my job during the Trump COVID
04:26disaster and I've lost my job again because of Trump's tariffs. I had a job during the entire
04:34Biden administration. This is an anecdote. We recognize that this is an anecdote, but imagine
04:41losing your job twice thanks to the same president. Now, of course, the COVID disaster and those job
04:50losses, a lot of them aren't Trump's fault, but I, uh, feel terribly for Tiffy Kitty. This is
04:58absolutely horrible. Kurt Blatchnick says on Facebook, there is a reason why Warren Buffett
05:07cashed out a lot of stocks. Cash heavy now will be in good shape when the market crashes money to buy
05:15stocks with at low prices. Yeah. Listen, I don't follow what Warren Buffett does. His, his day to
05:21day moves. What this is a market timing idea. Okay. What Kurt is suggesting is get into cash
05:29now so that you'll have cash available to buy stocks on the cheap when the stock market continues
05:34crashing to comments on this. This is not financial advice. This is just my philosophy. And I've
05:41talked about it before. This is a form of market timing. I don't think I'm smart enough, good
05:48enough or good looking enough. Gosh, darn it. No, I, I don't think I'm, I'm intelligent or well-versed
05:55enough to properly time the market. It seems incredibly shaky, but I don't know where we're
06:02going to be in 15 days or 30 days or whatever. So I don't do any of this market timing. What I do is
06:08I identify how much cash do I want for my asset allocation? Maybe it's 10 to 12% of assets.
06:16And then I just maintain the asset allocations that are appropriate for the levels of risk I've
06:21chosen to accept. And so when you start toying around with, I think the market will go down.
06:26So I'll hoard cash. And then when the market does go down, I'll put all my money in. A lot of money
06:31is lost this way because it's very hard to know when the bottom is people keep waiting and waiting.
06:36And sometimes they miss stock market runups, something like 50% of stock market gains each
06:40year come from the 10 best trading days. Are you confident that you're going to know when those
06:45best 10 trading days are? Maybe you are. I'm not. And so I simply dollar cost average in twice a
06:53month, somewhere around the first of the month, somewhere around the 15th of the month. Will I
06:59miss some dips where I could have gotten in a little cheaper? Yes. But I have the confidence
07:05of knowing I'm not going to miss those 10 biggest days of the year. So I don't recommend dollar cost
07:11averaging. Maybe. I'm sorry. I don't recommend timing the market. I recommend dollar cost
07:16averaging. Maybe Warren Buffett is smart enough and he's got enough money to play with that.
07:20He can do it. Peace and love. But not for me. Far abbreviations posted on the subreddit. I miss
07:29the daily voicemails writing. I miss the wacky voicemails and David's commentary around them.
07:34I didn't like listening to the Friday call portion, even though I was someone who called in,
07:38but I do miss the voicemails, especially if there is a shorter 45 minute show. I'm not aware of any
07:43shorter 45 minute shows. I understand why they aren't included in our or longer shows. Yeah.
07:48I'm not aware of any show that's 45 minutes. Interestingly. Um, listen, we have something
07:53like 12,000 unlistened to voicemails at this point. I'll actually tell you the exact number
07:59at this point. I would suggest, Oh, 14,000. We have moved away from voicemails. So don't feel
08:06inclined to continue leaving them. Um, we did, we got very little pushback about cutting the
08:12voicemail segment. Most people didn't like it. Um, and interestingly, the show has grown faster than
08:20ever since we cut those calls and voicemail segments. So overall, overall, it does seem
08:27like the right decision and I stand by it. Gosh darn it. Kathy chase Hamilton says on Facebook
08:33about Trump not wearing his reading glasses. It's definitely a vanity thing. Glasses will make him
08:41seem weak. Yeah. You know, it's funny. Trump is more worried about how he looks with glasses
08:48than about appearing to be unable to read. And as we talked about last week, I don't know if
08:52Trump struggles to read. It certainly seems like he does. At the same time, we've speculated,
08:58is part of this the result of Trump not wearing reading glasses that he should be wearing?
09:03Uh, Trump prefers not wearing glasses and people questioning whether or not he can read
09:10on the Zelensky not wearing a suit issue. Susan wrote on Facebook, Americans have no problem
09:18with Zelensky not wearing a suit. Hmm. How does Musk address when he goes to the White House? Yeah,
09:24of course it's a double standard. As Susan is pointing out, we were, uh, treated to or
09:31subjected to maybe better said a, um, a sanctimonious scolding of Vladimir Vladimir Zelensky
09:39by JP Mandel because he wasn't wearing a suit in the Oval Office. And, uh, Brian Glenn and others
09:47did the same. But Elon Musk was at a cabinet meeting in a t-shirt with a big hat. Uh, this is
09:55just, um, hypocrisy. It's a double standard. It is just completely fabricated and contrived and we
10:02shouldn't pay any more attention to it than we already have. All right. We're just days away
10:07from the release of my book. And, uh, as I've mentioned before, the signed copies of the book
10:14have been available at Brookline Booksmith through David Pakman dot com slash booksmith.
10:19We got about 800 orders for signed copies. The plan right now is that Booksmith is going to have
10:26me sign a thousand when I go up there and then the extras will just be available until they run out.
10:33So of the thousand copies of the book that I will be signing, 800 roughly are spoken for. If you'd
10:40like one of the remaining couple hundred, go to David Pakman dot com slash booksmith. Please,
10:45please, please remember because the books are going to start shipping soon. The more reviews
10:51we can get on Amazon and Barnes and Noble, which costs nothing to review the book,
10:57the better the book is going to do. So once you get the book, once you can accurately review it,
11:04please start leaving those. Those reviews were kind of shifting from week one into weeks two to
11:09four publicity, which are tough weeks because all those preorders count for week one.
11:15So make sure to leave a review, get the Kindle version, get the audio book version. All of these
11:21versions, uh, are, are important. Uh, but the signed copies only at David Pakman dot com
11:28booksmith. We will see you on the bonus show in a moment.
11:58The David Pakman Show at David Pakman dot com.
12:28The David Pakman Show at David Pakman dot com.