Gary Kaltbaum Sounding Off

Numerous things were covered by Gary Kaltbaum on Investors Edge today.

Pandora’s box. Not only against tariffs that are taxes but the president has opened Pandora’s box. To all the so-called conservatives out there that all of a sudden love higher taxes through tariffs…and are not being passed by the house and senate, guess what a lefty president is going to do with tariffs? Thinking the president thinking too short term because out there is a lefty president who wants 50% tax rates or a Bernie who once called for 100% on anything above $1 million. Does one not think they will say “Trump did it without the house and senate so…eat s–t everyone…”

North Carolina. Not only do the judges who continue to let violent criminals out need to be replaced but just how bad is the media? Does everything have to be an angle? And we are not talking opinion people. We are talking anchors and reporters. How bad is a Stelter on CNN  who would change the story to the only reason the right cares about this murder is racism? Is it always their default setting to say racism? Ummm…yes!

Oracle. Dang. If you want to know why AI went en fuego today, go look at he numbers put out there on the spend going forward. Wow! Wow! Wow! And Larry Ellison is not one of those tout artists calling for $1 million bitcoin in 3 years or for that matter, one is out there saying $13 million. That means someone will have to pay $12,999,999.99. Ellison has cred. Of course, numbers can change but for now…wow! Oracle now projects cloud infrastructure revenue to climb from $18 billion this year to $144 billion over the next 4-5 years. One more time. Wow1

Powell. My good friend Gasparino nailed it on The Big Money Show on Fox Business today. He doesn’t have much of a clue. Powell, who probably has hundreds of analysts working for him, can never get in front of things. Actually, we would just love him to stay in line with things. Instead, he remains behind things. He should have been fired a long time ago when he caused the inflation with his nonsensical 0% rates and printing to $9 trillion, saying there was no inflation, said it was transitory when he finally saw the inflation and then had to play catch up. The good news is that he is currently only about 1/2 point behind. No…we do not want to see 1%, the number the president wants. You want all hell breaking loose? Take fed funds to 1% when the 10 year is above 4%. Don’t get us started on the complete loss of independence going forward under Trump.

With 10 year yield now nearing 4%, Powell may just go 1/2.

Mondami is still winning and winning big. S–t!