COT 26 – The Price of a Penny, Jobs, Jobs, and More Jobs === [00:00:00] Jeff Kikel: Hello, Cents of things.

It’s Jeff and Ron here again, and we have a week Where lots of craziness went on this

week. Certainly we’re not a political show, but we have to mention a little bit about the the house and the speaker and all that kind of good stuff.

Some economic data and then Ron’s got some good stuff off of a webinar he had earlier

this month or I think late last month. Jeff Kikel: Ron, good morning, bud. Ron Lang: Good morning. Yeah, actually, it’s interesting.

You were talking about yeah, I hate talking politics. It’s brutal. But, the interesting thing is they said by ousting the speaker, there’s a 95 to 99 percent

chance November 17, the government will shut down.[00:01:00] Ron Lang: Look, you could say some of that’s going to be baked into the market or whatever,

but as we get closer and it becomes a reality, it will absolutely affect what’s going on

and you’re getting, the extremists, I don’t want to say where they are, but you’re getting the extremists that are literally drawing a line in the sand and it’s not going to,

it’s, and they’re not going to, they’re not going to capitulate. Jeff Kikel: Yeah. And yeah, it’s just it’s crazy and it’s a, what show at this point.

So I think, I, with my clients, we buckled down. It was interesting that the trading strategy that I use it’s signaled the hell out of.

Like way risk off at the beginning of this month. And so I will either look like a hero or a zero

Ron Lang: I will say and it’s certainly not to pat myself on the back or toot my own horn

because I certainly never you know, you never want to see the market go [00:02:00] down But what’s happening right now in september and october?

We saw this the end of last year. Yeah, you know as far as Flat to negative for the year as a matter of fact that you

pull out the top eight stocks The sp500 is negative now for the year Jeff Kikel: That the equal weights down, I think 5 percent or something like that.

Ron Lang: Yeah. Yeah, I didn’t see that much, but it doesn’t matter. It’s still negative. But I still think we may get a end of the year bump, but we all know how things are,

right? You take the escalator up in the elevator down and if things truly accelerate, cause

the S and P is now trading again under. The 200 day moving average, and if it does it for another day or two today and tomorrow

I think we’re looking at another 5 to 8 percent fairly quickly because that’s what happens. Ron Lang: We go to the downside quickly.

We go out. We melt up slowly. Yeah. And I think we could see that into The Thanksgiving timeframe, which we’re going to ride right

into the government shutdown, and we may get a pop in [00:03:00] December, a Santa Claus rally.

And for anybody that doesn’t know what the Santa Claus rally is, that means it’s a rally the last five days of the year and the first two days of the next year.

Ron Lang: And I think we’ll see that. But I think we need to wish up to that point. Jeff Kikel: Yeah.

But how far does it go down before we see that little bounce back up? And I think, yeah, there’s for me, there’s some big headwinds.

Although I think our government is dysfunctional most of the time. Jeff Kikel: Anyhow, it’s just going to be more dysfunctional.

At this point because whoever ends up in there at Speaker of the House, they’re never going to please everybody.

And it’s just, it’s a, what show when it comes to that. So I think there’s some headwinds there, I think people got their first their first bill

for their education, some of. Jeff Kikel: Some of these people have never seen that bill before and are getting that.

And, of course, the administration’s trying to do a whole bunch of stuff again, which is just okay, you got slapped down once and you just ignored it.

So that I think [00:04:00] people from what I’m seeing, people are just looking at and

going, oh the government’s going to do something to eliminate this. Jeff Kikel: And I just don’t see that happening.

For the vast majority of people that are out there. So I think there’s a massive amount of headwinds.

I would have told you and I may a culpa when I said that I thought we’d have a decent backside

of the year, but you were right a couple months ago. We I personally see a lot of headwinds coming in right now.

Jeff Kikel: And, I think it’s time to be a little cautious, but here’s Ron Lang: the interesting things. There’s nothing new that we haven’t spoken about as far as headwinds since April that

you and I started doing this. There’s nothing new. As a matter of fact, probably people are like, God, They’re talking about this stuff again.

Ron Lang: It’s nothing. It’s nothing new. Just things have either accelerated or have come to the surface with headlines more so

with some of the media outlets. That’s Jeff Kikel: all. I think my funniest one. I was listening to the news when I was driving out to get coffee [00:05:00] this morning

and they were talking that. This week, we they saw the, I forget what they call it, the, it’s basically the tape

or something like that, that they call it, where they look at what the estimates are, the fed, with rates and things like that.

Jeff Kikel: And people were shocked this week that, it’s very unlikely that there isn’t going to be like 6 or 7, drops in interest rates next year.

Okay what the hell did you think? Ron Lang: Yes, I heard some schmuck if I wish I could remember his name.

I know he was from Bank of America So it doesn’t surprise me He actually came out last week

and said he’s expecting a rate cut before year end and i’m thinking How many?

Jeff Kikel: Say this. Yeah, literally how many fed governors and I watched the fed governors extensively Every

one. I don’t think there is a one of them that I’ve seen or heard who hasn’t said, yeah,

[00:06:00] we’re still not, we’re still thinking inflation’s there and we’re still gonna raise rates and they feel like they’ve got cover for it right

Ron Lang: now. Ron Lang: Meer came at Loretta last week and basically said, yeah, I mean they don’t anticipate

lowering rates until the summer next year. Yeah. Now obviously, This is just normal course of action.

This has nothing to do if there’s a catalyst in a geopolitical event, which is always our hedge and our caveat to whatever we say there, but to the normal course of action, if things

progress, things are only going to get worse before they get better. Ron Lang: Things are going to get worse before they get better.

They’re they’re not going to raise rates lower rates until next summer.

And that’s what’s on the agenda. And that’s what they’ve been saying. Why are people saying, and I know we’ve said this a few times.

Oh, you got to look through that. No, Jeff Kikel: No, they were saying at the earliest is July.

Jeff Kikel: So this was the whatever they were talking about this morning. This was their, Okay.

We were shocked that, they said that it probably won’t be until July. [00:07:00] Why would you be shocked?

They have all been saying that Neil Cash, Carey, every single time he has spoken for

the last eight months Yes. Jeff Kikel: Has said exactly the same thing. .

Ron Lang: Yeah. And he’s also one of the first Fed Governors, at least that I heard, that admitted that

they all were thought and were hoping that inflation was transitory and they were late. Yeah.

They were late to raise. So he was the I’m sure the other some other ones have said it, but he was the one that I thought was early and often that he was stating that.

Ron Lang: So writing the whole thought of doesn’t make sense. Let me have some fun here.

A couple of slides. And I’ve done this just to let you know, I’ve done these 2 slides, essentially every speaking

event, Almost every seminar and recently with the last two webinars that I did over the

last eight plus years or so, maybe nine years at this point. Ron Lang: And every year I update it I update the [00:08:00] information.

So Jeffy, what does it cost to make a penny?

Probably mind you a penny is worth one stent. I just wanted to put that out there. Yes.

Jeff Kikel: What does he think? I’m going to say a dollar Ron Lang: at least. Okay.

No. Come on, stop. Not that much. Okay. Not Jeff Kikel: that.

All right. Jeff Kikel: I’m, I am, I’m, I just am dispassionate about the government doing anything Ron Lang: okay. So it costs 2.27 cents to make a penny.

To make a penny. That would cost a dollar. I’m just saying it costs more than twice. As twice of what it’s worth to make it now make Now, what does it cost to make a nickel?

Jeff Kikel: At that rate, I’d say, what about seven Ron Lang: and a half cents?

Ron Lang: Okay, mind you a nickel is worth five cents. I just want to put that out there. Yep.

So the cost of making a nickel is 10. 4 cents to make a nickel.

What? Gee, we [00:09:00] have a deficit in the United States. How do we Jeff Kikel: have a deficit?

I Ron Lang: don’t I don’t get it. Okay, Jeff Kikel: now the velocity of money. Now we start using all these economic terms with the velocity of money.

Jeff Kikel: How much money does that nickel make over time? Actually, that nickel declines in value every single year with inflation.

Ron Lang: Okay. And just for some craps and giggles it only costs five cents to make a dime 11.

11 cents to make a quarter. And we’re getting a bang for the buck, no pun intended to make a dollar.

Ron Lang: It only costs less to make a dollar than it does to make a nickel. Why on

Jeff Kikel: earth are we still using dimes or, pennies and nickels and all that stuff? It’s just, it doesn’t make sense to me.

Ron Lang: I don’t know. Listen, I, for the most part, I never pull money out of my wallet.

I’m using my credit card for all my charges. Ron Lang: I still have a coin dispenser to make the rolls.

I can’t remember the last time I actually put coins in the damn thing. [00:10:00] Cause I never pay with cash.

Sure. Actually when I was in Australia 21 years ago we were paying, like they did away with the penny like years before.

So whatever it is, they just round up, round down and throw, forget, I don’t know how that affects it with taxes.

Cause it’s got to add up, but yeah, they did away with the penny years ago. When Jeff Kikel: we were in London in February of this year, they don’t use money.

And it was funny because I got off the plane and I was like, okay just so that we have some money when we’re getting there or, when we’re getting into town and all that, I ran

and got like a hundred pounds out. Jeff Kikel: And I had that same a hundred pounds when I left.

10 days later, seven days later, because they don’t use cash. They don’t use money at all.

They use Google. It, everything they do is Google now with the, your Google, the Ron Lang: digital pay on the phone, Google pay,

Jeff Kikel: because I’m like, I’m so used to going there, getting an oyster card, which is there.

Jeff Kikel: Their subway card for London and so [00:11:00] we got oyster cards and then I’m watching and everybody’s just walking by just swiping their phone.

And so they don’t even use, they don’t charge you more if you use your phone. Then if you do an oyster card, which it used to be the deal.

So I was like, man, it’s way that converted me. Jeff Kikel: I now use Google pay for everything. Cause I was like, that was awesome.

Ron Lang: The problem, the only problem that I’ve always had with those things, like I do with other things that, like even sporting events and concerts, I’m going to one on Monday

they want to scan the code on your phone now, what, if you lose your phone, break your phone or your battery dies.

Ron Lang: How do you now prove I just paid a thousand dollars for two tickets? Yeah, what are you gonna do there?

So that’s why I print out paper. Listen, don’t laugh So when I travel on the airline, I never use the mobile app I put

out my boarding pass and I go up there and I know I’m so oh gee But at the end of the

day, I like that piece of paper like, I feel like My lawn, Jeff Kikel: but it works Too many times I’ve gone up there and tried to [00:12:00] use

that thing, and either my phone decides that it wants to lock the screen, so I’m like scrambling to do all that, or it won’t read the screen because it’s way too reflective.

Jeff Kikel: So yeah, I don’t, yeah I’m a paper guy. I just print it out and… Give them the paper when I travel.

All right, Ron Lang: so you’re all right, so I don’t feel so bad There’s one other person that does it besides me All right, so I got a couple other things getting some good stuff here

I know you got something on jolts. Ron Lang: This is probably a modification. I thought this was interesting.

I actually had heard a couple of commentators talking about this. I found this from your denny’s, newsletter that I get Who always has some good stuff

and I thought this was interesting that every time you saw a pullback in the job openings,

you usually saw a precipitous drop later on and or recession coming, but I thought not

necessarily the job openings was the more interesting things. Ron Lang: It was the quits. Yeah, I don’t get it with we already talked about this.

The credit card balance is breaching a trillion [00:13:00] Savings rate near an all time low

Jeff Kikel: Card rates Ron Lang: are through the credit card rates are now averaging 21 and oh, by the way student

loans. They got to start paying them back this month and people are quitting their job Now, if

they’re quitting their job and the job openings are going down, does that mean they just left the workforce?

Ron Lang: I look, we could go every chart we show every week, has some kind of an ominous

overtone, that kind of goes into our Ecker chamber, thought process. But I just thought, I thought this was interesting.

They just look, you got to, we got to follow trends. And if you notice these trends are not transitory either, they run its course over a period

of time in one direction. Jeff Kikel: And I, I think I don’t even need to bring it up, but jolts really jumped up.

It’s that little juice or the little pop up that you see on the end of the blue chart

there, went up almost a million from the private or previous month up to 9. Jeff Kikel: 6 million.

A lot more job openings now, part of [00:14:00] that’s probably seasonal coming on, I think

that’s part of the issue is. You’ve got seasonal employment coming on this time of year. I’ve noticed, I walked into a Walmart and, they had a little sign saying, Hey, we’re

hiring seasonal employees and Ron Lang: things right next to the Christmas decorations in October. Jeff Kikel: Probably.

That’s probably it. Yeah. It was all that part of it where, we just skip that. We don’t even go to Thanksgiving anymore.

We just go from like July 4th to Christmas and exactly. And just get going and try and push that Christmas season to Black Friday.

Yeah, exactly. And black Friday is going to end up being like, October 15th. Jeff Kikel: Now, I think going into it.

Yeah, I think it’s interesting to see that. I know you had seen some things about, the jolts number is not necessarily telling.

So I have a feeling myself. I feel like it’s probably seasonal employment, but I think behind the scenes, there’s decreases

across the board and in some other areas. Jeff Kikel: I Ron Lang: agree. I agree.

So I got two other [00:15:00] slides here. One on the the treasury. I have been talking about this actually with a couple other advisor friends of mine, but

it was, hovering for 2430. And I’m like, this thing breaches four or five. We’re going to get to five pretty quickly.

And just as it was getting to four or six, we talked about this last week, Jamie diamonds

talking about look for six or 7%. Ron Lang: I’ve heard somebody else talk about double digits.

On 10 year now, actually, only I only heard that once this wasn’t from, a group of the,

the competent people that I follow, but my God, if we hit 6 or 7 percent on the 10 year

with everything that. People in our generation have seen in the last 25 years, people are going to yank money

out of the equity market and just put 15, 30, 50 percent of their money in a 10 year

at five or six plus percent it’s risk free and they’re just going to sit back and get

it and they’re going to sleep like a [00:16:00] baby. Ron Lang: So that means you’re going to yank money out of the equity market.

Market’s got to go down, right? You’re selling off. Jeff Kikel: Yeah. Interesting. I, one of my bigger clients, we were talking about this, he called me cause he’s Hey I

got this thing. He’s got a lot of cash and it’s Hey, I have this thing from chase where, they, I guess

they were offering like a 4. Jeff Kikel: 5 percent rate on savings. And I was like you could do better, outside of that through your brokerage account.

But. Yeah, now all of a sudden, all those rates where they were paying like 2 percent and all that, I think they’ve come to the realization that they’ve got to jack up their, their rates,

which that, it, it affects their net interest margin because they can only go so far on the mortgages.

Jeff Kikel: And then now they’re cutting into net interest margin on the banks, which I think has some, it’s gonna, it’s not a good situation for the banks because.

If they’re competing with treasuries or whatever, they need that money to be able to offer mortgages

and if they You know if the money’s leaving the banks and going other places like treasuries, [00:17:00] that’s not good So they’ve got to cut into their net interest margin to get

that Ron Lang: i haven’t my next slide actually is on mortgage applications Writing the coattails

of what you’re saying The shock of 2022, the market being down 20%, the mark of the bond

market, just absolutely getting crushed. Ron Lang: There was a four to five month lag effect before Silicon Valley bank and two

other banks basically had too much risk on the back end of the yield curve and they got

crushed. Because yields were going up and asset values were going down. If the 10 year, I was already breached for, all right.

And look how quickly it breached for from the bottom of 2020. Ron Lang: And now we’re hitting five, six or seven faster, which means the asset prices

with the yields going up, the asset prices on those, especially the backend treasuries are going to go down, these banks are going to have to The value of this stuff on their

balance sheet. We’re [00:18:00] going to see more bankruptcies. Ron Lang: We’re going to see more failures. We have to obviously the government’s going to come in and backstop something again But

this has got to have a contagion effect So real quick and then I know Jeff Kikel: backstop the big banks, but they’re not going to backstop the small You know,

the regionals and things like Ron Lang: that Valley bank was the 16th largest bank. Ron Lang: They were about 20 percent the size of JP Morgan, the largest, right?

We know that we know, and actually I was just talking with somebody the other day about this, I truly believe the top three banks, Wells Fargo, bank of America.

And JP Morgan, they’re more important than the government.

Yep. Because the government will number one, will not allow them to fail because you’ve got to think about the deposits.

Ron Lang: How many people have their money there? Think about all the tentacles of the other services that the bank does with investments

and hedging and commodities and wealth management, what we do and everything else not

Jeff Kikel: to Matt. Yeah. Not to mention that they’re, probably the most widely held for [00:19:00] business banks.

Jeff Kikel: They are too Ron Lang: big to fail. They’re more important than the government, those top three banks.

So look at the mortgage applications, lowest than 30 years. And the rates are in the 10 year, and the the fed rate isn’t even at, it’s high.

Over the last 30 years, but the mortgage applications are now time low. Ron Lang: And another reason versus 30 years ago is because more than what do they say?

70 or 80 percent of the mortgages out there are under, 4%. So people aren’t selling, they’re not moving and people aren’t.

And right now, what is a mortgage rate? 7, 6, 7, 8. Yeah.

0. So yeah, I thought that this was interesting here with all the mortgage originators reporting

basically at a 30 year low. Ron Lang: Yeah, Jeff Kikel: that’s amazing. All right. What do you got?

We talked about it, but let me give you just a quick little update on what I had on for

[00:20:00] today. Nope. I don’t want Ron Lang: that. Eventually we’re going to show a really good chart that it gets going to everybody.

Oh, yeah. Just Jeff Kikel: unfortunately they haven’t been real good here lately. Jeff Kikel: So along those lines we got a pretty shocker of an ADP or an employment

report this week. Only 89, 000. Jobs way below consensus, almost half.

At that point below the consensus range and everything else. So that was a bit of a shocker, and once again, you get this.

Okay. The jolts number looks good, but then the employment report and I tend to put more credence. Jeff Kikel: On the employment report, although this is 80 P, and they tend to be a little

funky with their reporting and they’ve been way less accurate. Recently.

But it was a big shocker this week that was on top of, I think it came out right at the same time that the whole speaker of the house thing happened.

Jeff Kikel: And so it just got Ron Lang: washed away. But here’s the funny thing. I like that.

Go back. I think the funny thing [00:21:00] about this, how I love just the economist yank and numbers

out of the rear end. Look at that consensus range. Yeah. Anybody could kick a field goal through that field goal post of a hundred to 190, and they

were under that. Ron Lang: What the hell? What the hell were these analysts even thinking to come up with a range like that?

And then they still Jeff Kikel: missed it wrong. Lucy pulled the ball

Ron Lang: from Charlie Brown. My God. Forget about missing the field goal. They

Jeff Kikel: missed the ball. It’s funny because you have even with the old sense of things show with my former co

host, we would go through this stuff every week. Jeff Kikel: And I used to laugh because, at the beginning when we started doing the show,

these ranges were pretty tight. And they were missing them, especially during the pandemic, they were missing it all the

time. They’re they would come in with all consensus is one Oh two to, one 15 and they, the actual

number would come in like 300. Jeff Kikel: It’s what the hell, where are you? Oh, what numbers are you looking at?

Since the [00:22:00] pandemic, it’s amazing. The consensus range has gotten wider and wider. It’s okay, we can’t be wrong.

So if we just do, 90, 000 difference or 88, 000 difference.

We can’t be wrong. Jeff Kikel: You were basically your range, the actual number came in the whole amount

of your range there and you were still massively wrong. Ron Lang: It’s crazy.

It’s not. All right. Anyway, Jeff Kikel: we’ll end on a good note that actually factory orders.

For a for the first time in a long time or a positive number up 1.

Jeff Kikel: 2%. Now, I don’t know if this is the only had Ron Lang: one direction to go after so many months Jeff Kikel: that I mean, yeah, it’s literally been nine months of direct down.

So we actually had a positive once again, our favorite. Economists here everything from negative 0.

5 to positive 2. 0. They pretty much had it and their consensus was 0.

Jeff Kikel: 20 and it came in at 1. 2. I, I, I don’t know.

It’s a [00:23:00] possible green shoot. Who knows? I don’t think they’re there yet. I think we got a lot of, we got a lot of headwinds in front of us before we were close to that,

but but at least something positive out of the factory orders side of the Ron Lang: house. Ron Lang: Let me ask you this.

I a diarrhea of the mouth earlier going on my little rant. What do you see here between let’s say now and Thanksgiving?

Jeff Kikel: I see a lot of ugly real. Like I said, I think my, once again the proprietary in house trading software that I use.

Went really risk off. Jeff Kikel: The most I’ve ever seen it in a month. It went from okay, we’re just a little bit.

Yeah, uncomfortable with things were neutral to pretty bearish very quickly.

In less than a month, so that tells me that things are when we start to look at some of

the momentum indicators that we use. Jeff Kikel: It’s just, I don’t see good happening.

And I think this whole speaker fight at first off, I don’t know what [00:24:00] idiots going to want that job because you’re never going to be able to actually do anything.

Yeah. Oh, I know we’ve had people step up. I think they’re more stepping up because they’re Patriots and they want to do it.

Jeff Kikel: But the reality is. You’ve got 8 goofballs that are in the Republican Party that are, basically hijacking everything

at this point. And you’ve got such a small margin between everybody and you got a Democratic Senate.

Getting things accomplished and certainly trying to get this debt deals. Jeff Kikel: In place I just don’t see things being really good from a governmental perspective.

Usually I would say shutting the government down is not a bad thing. And I personally think that’s the only way you can actually get anything done because

there’s no leverage any other way. Ron Lang: The interesting thing is the only thing I agreed with that came out of the 8

bozos was. Ron Lang: We didn’t cut we didn’t cut enough spending. And you and I have been talking about this forever about cutting spending and, [00:25:00]

and taking our revenues and putting that to our debt. Yeah, we got it. We got to cut that in half or forget about our generation.

Next generation’s totally screwed because then our reserve currency will go away and all the other good stuff.

Ron Lang: But just to be like, every time there’s a new administration, the other party

becomes the party of no. Yeah, the party of disrupt and you’ll get nothing.

Can’t we all get along? There’s got to be some compromise here. What about the greater good of the, you know what?

How about you put up your job, right? Ron Lang: Meaning that you won’t get reelected.

Because you want to do something that’s right and you want to do something that’s good for the economy and the greater good and for the next generation.

And unfortunately, they’re just concerned about being power hungry, being in the spotlight

and whatever the next, rung on the ladder they want to climb. Jeff Kikel: And it just seems to me, I think, and I don’t want to be on politics the whole

time here, but, I, it seems to me that it’s also the [00:26:00] power brokers the ones that are in power, it’s like, they keep wanting to push these things off, push it, so you

could be working on a lot of these deals throughout the year. Jeff Kikel: Why do we keep running up to these debt limits?

I thought the one we had during the summer, that was the solution to everything. And we were going to have until.

Next year before we had to deal with the debt ceiling limit, and then all of a sudden it’s now.

Oh we have another debt. Jeff Kikel: You can’t run a government that way. You can’t run a government that, so I, you

Ron Lang: know, for my strikes, how long did they have to negotiate? Now you have the healthcare workers on strike.

And then now they’re talking about in Vegas, all the culinary people, they’re going to go out on strike.

No, this is what’s going on. Ron Lang: It’s going to be weddings. They got the F one coming to Vegas.

They know, Hey. Work, they’re going to strike when you need us most.

Yeah, they’re not stupid for their base. But at the end of the day, are you really getting what you want?

The auto workers, that’s only going to [00:27:00] accelerate as far as the amount of walkouts and whatever.

Ron Lang: And a lot of these workers. They will not come out, but the underpinnings of their conversations are, they don’t believe

everything the union wants. They wanna work. There, can be there, there’s middle ground. They don’t want to say, ’cause this is what’s happening.

The union has a fund that when you’re outta work, we’ll still pay you a little bit. Ron Lang: Yeah. It’s not their salary, it’s just, yeah.

They’re not Jeff Kikel: getting, it’s not like they’re just sitting on their butts, on the picket lines making their normal salary.

It’s yeah, they’re maybe making 60% Ron Lang: if they’re lucky. And the old, and the statist, the statistic that’s held true for the last eight or nine

years, 70%. Ron Lang: 70% plus or minus percent of Americans don’t even have $400 in their bank account.

Yeah. How many of those people are auto workers?

Healthcare workers? Yeah, culinary workers. That you could, they can, you can afford the, you could, that the union could tell them.

Don’t go to work. We’re going to represent you. Ron Lang: And here’s a few dollars [00:28:00] to put food on your table because they’re

more than paycheck to paycheck because they’re the ones that have all the credit card debt too.

Yeah. Jeff Kikel: It’s so funny to me that, the interesting thing is the news is all about

the healthcare workers, the, all this stuff. Jeff Kikel: Nobody seems to give a crap about the actors.

Writers. Yeah the writers, at least they, they negotiated and got their stuff done.

But it literally, you’re not hearing anything about the actors because everybody’s I don’t really care that, they were saying the

Ron Lang: first couple of weeks, but after they hit the a hundred day mark nobody gave a crap. Ron Lang: Yeah, because you know why?

I’ll tell you why. Because you have Netflix and Prime and Paramount and Disney plus.

So there was always content for people to watch. They just might not have watched the new late night show or something new, but there was

plenty of content for people to watch. That’s why people didn’t give a crap. Ron Lang: Well, Jeff Kikel: it’s funny because they were saying with with Netflix, it’s accelerated.

Like the usage of Netflix is accelerated [00:29:00] massively. During this whole strike because people are like, okay I’ll just start exploring new stuff.

That’s on there or even old stuff. My wife and I do this series, we will watch a lot of shows from Europe and from yeah,

specifically from England and, the other English speaking countries and, I haven’t watched,

like regular American TV for probably four years. Jeff Kikel: At this point, because I

Ron Lang: got tired of it. It’s been on American TV other than Yellowstone and a few other programs.

That’s literally Jeff Kikel: come out of it. Yeah, and I typically wait. I don’t watch it while it’s going. I typically wait until it’s over a season and then I can binge watch it over a period

of time. Jeff Kikel: And, that’s the way we work now. So I’m assuming other people do the same thing.

And so it’s less and less people are like, yeah, I don’t only care because a lot of the stuff that’s coming out is just not great

Ron Lang: At this what we should do is in future episodes as we wrap up. We should probably come up with one Decent [00:30:00] series that people may have overlooked

on one of these streaming things that they should consider and why? Jeff Kikel: Acorn TV. So mine for the day.

Ron Lang: Acorn TV. That’s the British, right? The British ones are detective series.

A lot of people like Jeff Kikel: them bingeable series. We tend to like the police dramas and stuff like Ron Lang: that.

Murdoch or one of the other ones, right? Jeff Kikel: Yeah. So we’re big fans of Murdoch mysteries.

That’s in Canada. Jeff Kikel: There’s 10 seasons of that. It’s awesome. It’s late 19, late 1800s.

Time period. Great one there. Brokenwood mysteries. It’s a New Zealand one. So a couple of good ones there.

If people like that kind of Ron Lang: stuff. All right. We’ll have to do that. It’s a future podcast. Jeff Kikel: Yeah, absolutely.

Love it. All right, guys. Jeff Kikel: Thanks a lot for joining us today. As always, if you first off, if you’ve got a great series that you want to share with

us, make sure you put that in the comments. We’d love to have that. And we’ll share that with everybody else too. Give us an up vote if you like what you hear.

And in addition to [00:31:00] that make sure you subscribe so that you see these coming out. Jeff Kikel: I did post one the other day, an interview that I did with my friend, Damon

Thompson. For those of you that are interested in, if you’re dealing with with student loans at

this point, Damon and I went through all the programs that are available and what he does,

the company he works with that actually does a lot of this stuff for you to figure out which of the 70 programs you could qualify for.

Jeff Kikel: So make sure you look at that one up. It’s on inside there. It’s episode 101 or it’s Freedom Day 101 or Sense of Things 101 Damon Thompson.

So thanks a lot. And we’ll see you guys back here the next time. ​