This podcast segment discusses alarming signals in the U.S. economy, primarily focusing on a potential housing market crisis that some analysts suggest looks worse than the 2008 collapse due to high rates and collapsing affordability. The host references Jamie Dimon's "cockroaches in the system" warning, suggesting hidden bad debt is spreading, similar to the subprime mortgage crisis, with auto loan delinquencies spiking as well. The segment then pivots to the political and economic impact of the China trade war, specifically the $12 billion aid package proposed for farmers hurt by China's reduced soybean purchases and the subsequent market uncertainty. Finally, the discussion touches on the debate surrounding the National Defense Authorization Act (NDAA), with a focus on Representative Marjorie Taylor Greene's opposition due to high foreign aid spending amidst the rising $38 trillion national debt, alongside a critique of insider trading by politicians.

This podcast segment discusses alarming signals in the U.S. economy, primarily focusing on a potential housing market crisis that some analysts suggest looks worse than the 2008 collapse due to high rates and collapsing affordability. The host references Jamie Dimon's "cockroaches in the system" warning, suggesting hidden bad debt is spreading, similar to the subprime mortgage crisis, with auto loan delinquencies spiking as well. The segment then pivots to the political and economic impact of the China trade war, specifically the $12 billion aid package proposed for farmers hurt by China's reduced soybean purchases and the subsequent market uncertainty. Finally, the discussion touches on the debate surrounding the National Defense Authorization Act (NDAA), with a focus on Representative Marjorie Taylor Greene's opposition due to high foreign aid spending amidst the rising $38 trillion national debt, alongside a critique of insider trading by politicians.

The Dave Elswick Show features a unique blend of state, local, and national guests discussing politics, cars, movies, food, and pop culture as well as the Bible and Constitutional issues surrounding the First and Second Amendments.

The Dave Elswick Show features a unique blend of state, local, and national guests discussing politics, cars, movies, food, and pop culture as well as the Bible and Constitutional issues surrounding the First and Second Amendments.

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