Justin Mohr Show

The stock market continues to hit record highs and the Dow is nearing in on its next target, a 21,000 point DOW. How much more will the markets go up before the big crash? That’s something hard to predict but gold and silver have also been on the rise. Gold is up nearly 8% in 2017 and silver is up 13%. Gold and silver are still not anywhere close to their record highs from 2011. With I high risk stock market, gold and silver at this point, is incredibly cheap insurance! Also, unpiloted flying drone taxis are coming to Dubai this July! This technology is amazing and shows the private sector at work making life better for everyone. Here’s a link to the drone video mentioned on the show. http://www.wsj.com/video/flying-drone-taxis-could-take-off-in-dubai/F329FEAC-2366-4796-9205-72C0344F17D0.html and here’s the article: http://www.economist.com/blogs/gulliver/2017/02/taxi-take-0

Direct download: jmsEp129-stock_market_and_taxi_drones.mp3
Category:Business, News & Politics, Education -- posted at: 1:00am MDT

The super bowl this year turned out to be an incredible game with the comeback win by the patriots. Tom Brady, who is arguably the best quarterback of all time, was a 6th round draft pick!  When each NFL team has a salary cap of $155 million a lot of strategy and opportunity cost comes into when putting together a “winning” team. Then we move over to Venezuela and those people are going through a lot and have been for some time now as they are going through an economic collapse. The people of Venezuela are starving to death and are now eating pink flamingos, ant eaters, dogs and cats just to survive!  This is what central planning looks like in all its glory!

Direct download: jmsEp128-Tom_Brady_and_the_patriots.mp3
Category:Business, News & Politics, Education -- posted at: 1:00am MDT

The 2,300 page Dodd-Frank bill that was passed into law back in 2010, is seen as a way to prevent another 2008 like event. This line of thinking is totally out of wack with reality and another financial crisis is coming!  Politicians always think if we just add another regulation that will protect us but unintended consequences come with these new regulations and Dodd-Frank is full of them!  The partial repeal of Glass-Steagall is seen as the deregulation that led to the financial crisis in 2008, this is not the case at all!  Even if there never was a repeal of Glass-Steagall at all we still would’ve had the financial crisis in 2008!

Direct download: jmsEp127-Dodd_Frank.mp3
Category:Business, News & Politics, Education -- posted at: 1:00am MDT

The GDP growth numbers for 2016 were recently released and it was below expert expectations. GDP growth for 2016 was only 1.6%! The average GDP growth for the last 7 ½ years was only 2.1%! Those are some really lousy numbers! The question is, why has our economy grown so slowly these last 7 ½ years? It’s mainly because government spending is crowding out private sector investment! We need to shrink the size of government! That is how we make America Great Again!

Direct download: jmsEp126-GDP_growth_in_2016_was_1.6.mp3
Category:Business, News & Politics, Education -- posted at: 1:00am MDT

On January 20th Donald Trump was officially sworn in as the 45th President of the United States. The 17 minute long speech he gave had a very nationalistic sort of tone to it and that is not a good sign for lovers of liberty.  Obama added $9.3 Trillion to the national debt in 8 years, while Bush added $4.9 Trillion. The problem with our economy today and the problems our country is facing is we’re spending too much money and the government is too big!  Both parties are at fault and the only way to make America great again is by reducing the size and scope of government!

Direct download: jmsEp125-The_Trump_Presidency_begins.mp3
Category:general -- posted at: 1:00am MDT

Vehicle discounts increased in December of 2016 to increase auto sales to yet, another record year!  Demand for cars has fallen because the auto bubble is deflating and it took a decrease in vehicle prices to bring people into dealerships. How much longer will this go on? The auto loan bubble will be fully pricked by the time the next economic crisis is here and we seem to be very close to that. Also, companies like Cadillac are offering a new program where you pay a $1,500 subscription and you can drive any top of the line Cadillac car you want. There is no contract, just a $1,500 a month subscription. This new program will begin to roll out on February 1st, 2017 in New York City. Is this the future of the car industry? What’s coming next?

Direct download: jmsEp124-The_future_of_the_car_industry.mp3
Category:general -- posted at: 1:00am MDT

Donald Trump is 10 days away from being sworn in as the 45th President of the United States so we have to ask ourselves what will a Trump presidency look like? The way Trump is on twitter all the time saying he will put tariffs on a company that sends jobs overseas is rather concerning. It’s going to be an interesting 4 years of the Donald and I don’t think they will be good for liberty at all.

Direct download: jmsEp123-Trump_and_Twitter.mp3
Category:general -- posted at: 1:00am MDT

Thomas Sowell wrote his last column on December 28th and he decided to give it up after about 40 years of doing it!  Sowell has had a huge impact the economic world because of the amazing books he has written over the years!  He’s an extremely gifted writer who writes very clearly, concisely and is just a brilliant mind. A few points he makes in his last few columns are discussed to pay tribute to an incredible mind that has done lots of work defending the free market and making the moral case for capitalism!

Direct download: jmsEp122-Thomas_Sowell_farewell.mp3
Category:Business, Politics, Education -- posted at: 1:00am MDT

Who do you think is the biggest political loser in 2016?  I would argue the biggest, political loser in modern American history is Hillary Clinton!  Hillary Clinton has always been seen as the inevitable first woman president but that no longer seems probable at all!  Also, a woman in France is literally engaged to a Robot and she plans on marrying this thing when it’s legalized!  This world is literally insane and I think things will only get more insane in 2017!

Direct download: jmsEp121-year_in_review_2016.mp3
Category:Business, News & Politics, Education -- posted at: 1:00am MDT

No one was shocked by the FEDs recent decision to raise interest rates to .5-.75%. The FED has raised interest rates a total sum of .5% in 10 years!  That’s not much of a move but the markets think the FED is being very hawkish right now with the dollar hitting a 14 year high!  During the campaign, Trump stressed to people how he will make America great again but really it’s an impossibility. The only way for things to turn around is if the government shrinks and the free market is allowed to prevail!  Trumps natural instincts is to fix things with government. The markets wishful thinking in regards to a Trump presidency are vastly overblown and will crash back to reality rather soon.

Direct download: jmsEp120-Fed_raises_rates_again.mp3
Category:Business, News & Politics, Education -- posted at: 1:00am MDT