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Decoding the Bidenomics: Insights from Barry Habib on the Roger Stone Show

Decoding the Bidenomics: Insights from Barry Habib on the Roger Stone Show

In a compelling episode of the Roger Stone Show on 77 WABC, Barry Habib, a renowned economic expert, delves into the intricacies of current economic trends. Habib, CEO of MBS Highway and a recognized authority on the mortgage and housing markets shares his insights on the state of inflation, employment figures, and energy policies.

Deconstructing Job Numbers: Habib critiques the portrayal of job statistics, explaining that recent job gains are merely restorations of positions lost due to COVID-19. He emphasizes that the employment growth rates do not align with a thriving economy, describing the job reports as misleading.

Forecasting a Recession: Habib predicts an impending recession, citing rising unemployment rates and the trend of higher jobless claims. He suggests that these indicators, often overlooked, point to challenging economic times ahead.

Inflation and Consumer Impact: While acknowledging the decrease in the inflation rate, Habib stresses the cumulative effect of past inflation on consumers. He criticizes the Biden administration’s policies for exacerbating inflation and the Federal Reserve’s complicity in this trend.

Energy Policy and Economic Stability: Habib highlights the critical role of energy policy in economic stability. He critiques the Biden administration’s energy strategies, noting the importance of domestic drilling and energy independence to counteract rising fuel costs.

Social Security and National Debt: Touching on social security and national debt, Habib calls for pragmatic and responsible measures to address these looming crises. He suggests incremental changes to social security eligibility and retirement age to ensure long-term viability.

Barry Habib’s analysis on the Roger Stone Show sheds light on the complexities of the current economic landscape. His insights provide a clearer understanding of the factors influencing today’s economy and the potential impact on future policies and the public.

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