Roddell Mccullough0:20
Okay, so we nailed this. If you go to slide 29 and toggle back and forth, the monthly quads absolutely nailed this. So you get what actually happened. In the beginning, the data started going down, in particular in January, then it started to base, and then it took off again. So you got to this place where the first five months of the year, and of course you went to all-time highs eventually on Q's shortly thereafter. Now the pendulum is going to start to slow, is the point. See, this is May, this is the May period, whereas at the beginning of the year, January, many of you are, you know, this April was the bottom in here, and April was a terrible month for stocks, and then there was the re-acceleration. So that's the first one. Next slide. So what we do in this macro themes deck, of course, is that we go through all of the data. Now this one, this one had a lot of feedback on Twitter last night. They're like, 'Oh, I thought it was going to be worse,' like we're showing rich people against basically people who have no money. But I don't think, I mean, which is typical of people, they'll look at a picture and they won't look at the actual words or what's on the X and the Y axis. What we're talking about is the top 1%. Now admittedly, the team could have made that number a little bit more obvious, so that like it made it bigger so you could see it, but we're not in the business of telling people how to read. Okay, so this is terrible. These people, this is again from 2007, don't forget, right? That's what they've been doing since 2007, and these people are crushing it. We got up to 16% of the wealth in the country is in the 1% of the population. I mean, again, whoever gave me the feedback saying 'I thought the numbers were going to be bigger or smaller,' okay, great, thank you, that's what you think. It doesn't really matter what you think, it's what it is, right? So that's what that one was. And then finally, my favorite slide that I popped up yesterday was this one. So this is ridiculous, okay. This is the government just lying, okay. So this is telling you, again, we're showing you the actual US government numbers. This thing called the CBO, the Congressional Budget Office, projected a deficit of 1.5 trillion, and they just released that number, and it's now 1.9 trillion. That is up $360 billion in 4 months. Now I know that a billion isn't what it used to be, but to me it's still a deal. Like, did your brother sign for a billion? No. No, a billion is a ton of money, right? $360 billion is a triple ton of money, okay. So this is your money, this isn't their money, right? This is your money, you're the American taxpayer. I'm not talking, all of you are an American, thank God. Some of you are saying, you know, like Canadians couldn't do that. I mean, a billion dollars in Canada, you'd still be kind of big time if you had a billion dollars in Canada. But this has gone off the freaking rail. This should be a story that's told daily in America with real numbers, 'cause it's your money, and it's real, and it's ridiculous. Okay, so that's what I have to say about that.
