Episode 845 Scott Adams: Oil Prices, Coronavirus, Stock Market, Oh My! Sip Coffee and Chillax

Date: 2020-03-09 | Duration: 43:20

Topics

My new book LOSERTHINK, available now on Amazon https://tinyurl.com/rqmjc2a Coronavirus questions and issues Russia producing oil VERY inexpensively American shale oil industry in danger Talking people out of panic

If you would like my channel to have a wider audience and higher production quality, please donate via my startup (Whenhub.com) at this link: https://interface.my/ScottAdamsSays

> [!note] Rough Transcript
> 
> This is an auto-generated transcript and may contain errors.

## Transcript

[0:06]

[Music] hey Carol come on in here where are the rest of you are you sleeping this morning did you change your clocks I certainly hope so it's time for a coffee with Scott Adams and the simultaneous cept the best thing that ever happened to you today and all you need to enjoy the simultaneous zip is a cover of Marburg Lassa tanker gels or styling in the canteen jug or flask a vessel of any kind fill it with your favorite liquid I like coffee and join me down for the unparalleled pleasure the dopamine hit of the day the thing that makes everything including the coronavirus better go mmm about that so I don't know about you but I'm getting a little bit tired of the coronavirus a little bit tired of it Ted Cruz and I are self-quarantine II

[1:13]

yeah in the in the case of Ted Cruz he was potentially explode exposed to the virus by a visitor to CPAC so he has decided to voluntarily quarantine himself to which I say good work Ted Cruz I like it what our senators are good role models for what we should be doing so I don't think Ted Cruz is likely to have the virus but I think it's a good thing that he did the appropriate thing and he's self quarantined don't you d ever wonder when you see a senator self quarantine quarantine Inc and he gets to go home and you think to yourself is that really a penalty because how many people are sort of gonna enjoy the time off because in the case of Ted Cruz he's not even sick so this is the only situation where you can get a sick day without being sick dude do you feel it yet there's gonna be a little bit of abuse

[2:15]

there's gonna be a little bit of abuse so let me put it this way if you'd like to give three weeks off of work find somebody who is suspected of having the corona virus and shake their hand wash your hand immediately immediately after shaking the end wash the hand 20 seconds soap it all up and then tell your boss my god I think I've been exposed to the corona virus I'm going to self quarantine I'll see you in three weeks of course you still have to work because you got that internet and everything but I think a lot of people are gonna enjoy their time off and you know I'm looking at my next few months of essentially self quarantine and because I've been I'm in the danger area I'm over a certain age and I've got a history of asthma so I'm basically gonna be hiding for months and I've been trying to figure out how to maximize my experience of fighting for months here's a little trick for you never let a good crisis go

[3:17]

trick for you never let a good crisis go wasted I think somebody said that famously mayor of New York I think I'm sorry mayor mayor of Chicago whose name is you'll tell me in the comments but this is one of those cases if you know in advance there's a really good chance that you're gonna be spending way too much time at home figure out what is it that you always wanted to do if you only had enough time and then make it an opportunity in my case I won't be able to go to my regular gym and so I thought oh well this is a this is a situation where I could work on those other things I could work in my arms for example you know put more attention that because I've got you know free weights at home so find out what it is you can do they always wanted to do if you only had enough time because a lot of us are gonna have enough time now I also think people are going to spend more time around their families if people don't go

[4:17]

around their families if people don't go out as much they might just spend more time around their family maybe that's good - all right let's see what's going on so as you know there was an at the seatback all the important Republicans were there and one of them shook hands somebody who is confirmed to have the virus shook hands with Ted Cruz and I think was a representative Gosar who also said he was gonna self quarantine for the same reason so I don't know if anybody else had it we're seeing a Rahim Kassim is reporting that he may have contracted it he's got a little fever and he was there and he met that individual now here's a really interesting Rahm Emanuel is the mayor of Chicago who said don't waste a good crisis or worse than that effect anyway it's really interesting isn't it that we don't know the name of the person who infected people at CPAC CPAC because

[5:19]

infected people at CPAC CPAC because whoever it was we're shaking hands with all the important people so it's somebody who's kind of important but you've got this weird balance where that person's you know safety and health privacy or at risk the person who was the the spreader at the same time what about all the people who were nearby or shook his hands don't they have a right to know doesn't everybody have a right to know if they were exposed so you've got to impossible rights they can't be reconciled and and watching this play out is really interesting but how impressed are you that the name hasn't been published you know obviously if Ted Cruz knows that he would you came in contact with the person it should be obvious that lots of people know the name of the individual have you ever seen something of this level of importance that was universally not reported it's kind of impressive that

[6:23]

reported it's kind of impressive that that nobody is reporting it because there's got to be a lot of people who know the name of the person by now in fact some of you probably know the name by now but nobody reports it and I'm not sure I don't even know if that's good or bad because I do think the people who were potentially exposed me - no but if the person presumably is cooperating with authorities and they're tracking who who this person talked to and touched so maybe they're already being informed if they were getting close enough to this person in bed I'd certainly like to know if I were sitting next to him and you know if you were sitting next to the person you might recognize that person but the person might not remember you so he wouldn't you know he or she would not be would not know to tell authorities that you had been exposed because it wouldn't even know your name used or something that sat next to you so I think maybe you do have a right to have that name but it's a tough balance because whoever that is through no fault of their own

[7:24]

that is through no fault of their own presumably would have a tough time if the name got out all right why is it there's one big mystery it's the biggest mystery it's the one that matters the most about this coronavirus why is it that so here are some things that I can't understand why is it that China and now South Korea reporting today that the number of new cases is falling which would suggest they're getting a handle on it and experts saying it's the worst gnarliest virus in a while but at the same time here's the question I asked why is it that I don't hear about people just dying of the regular flu just the regular flu because apparently there could be you know 50,000 Americans a year dying of the regular flu but I never hear of it and yet I hear about people dying of overdoses drug overdoses

[8:26]

people dying of overdoses drug overdoses all the time people I know personally people of my family and it's around the same number per year now it could be that the drug overdoses are more unexpected and they're younger people so we hear about it whereas if a senior citizen dies maybe they don't even bother to say it was the flu it was just Damona and that's what always gets them and it's either that or their heart and so it could be some kind of a weird reporting thing and I'm still trying to get a handle on whether this coronavirus is a mass hysteria or actually real and we've sort of gotten to this point and I still don't know for sure if it's real or if it's a mass hysteria now the argument for mass hysteria goes like this so yesterday there was an official in the Health and Human Services Admiral Brett grr-grr assistant secretary for

[9:30]

Brett grr-grr assistant secretary for health at Health and Human Services so this is an official government person who has official government information and as of yesterday he said the best estimates now for the overall mortality rate for kovat 19 is somewhere between 0.1 percent and 1 percent now 0.1 percent would be right on normal virus if it's true that the death estimate is between point 1 and 1% because I guess the denominator they keep giving better information on it so the number is going lower that puts it if it's point 1 it's right at normal virus if it's 1% it's 10 times as deadly as a normal virus but still it's been lowering every time they update it we haven't had a situation I don't think yeah to where it's going up right every time we get better numbers the numbers are lower so here's the

[10:32]

the numbers are lower so here's the thing I don't understand how do we explain that there were these clusters of deaths on the one includ cruise ship and in the one old people home whatever it's called resto nursing home whatever it was how to explain those two clusters of high deaths because they go way beyond what you would expect from a coincidence but on the other hand don't coincidences happen the
the as a threat has there ever been let's say what are they called old people homes rest homes nursing homes what's the right there's a correct term for that I don't think I'm using it but has there ever been one where you know ten people died in a month my guess is yes right so here's what I'm trying to sort out imagine these two possibilities one is exactly what's

[11:34]

possibilities one is exactly what's being reported there's this gnarly virus the scientists have discovered it it's bad is killing more people than normal all right that's what's being reported and all the evidence would support that but here's the other possibility why if this virus was just sort of everywhere and yeah I was just all over the place and then for other reasons there were clusters of people dying because there are clusters of people who died right that's got to be a thing there's got to be cruise ships where you have several people die but I'm not really kind of buying that it could be coincidence just but that's how coincidences work they fool you so I could be easily fooled so here's what I can't understand the people falling down dead in China and the amount of effort that trying to put in it suggests it's extra extra deadly and so does the cruise ship and so does the nursing home they all suggest is

[12:37]

the nursing home they all suggest is extra extra deadly but how is it that China and South Korea are getting a hold on it and and why is it it doesn't affect children there's two I'm sort of rambling here but the whole the point of it is there's some large piece of information that would explain what we're seeing that's missing isn't it and it doesn't seem to you that there's something really important happening that we don't understand because because we're getting to movies so playing simultaneously what is it's getting under control and one is it's the worst thing ever and I don't see how they can both be true anyway we'll find out clarity will come alright so what else we've got so here's your some things we know about the coronavirus and by the way I'm gonna give you some hints on staying I'm talking people out of being panicked

[13:37]

talking people out of being panicked about it so that's worth staying for there are probably two waves coming so if you don't know this that you should know and now you're not surprised the normal the normal pattern you should expect is that we'll get some kind of control over the coronavirus over the summer with the help of warmer weather and then it will come roaring back maybe in the winter so you should expect us to tamp it down before it comes roaring back and the thing to worry about is the roar back because because that could be even bigger than the original here's some new things coming apparently the Bill Gates Foundation has funded some kind of a company they can do home testing with a swab so the so the ways to test are increasing every day so thank you Bill Gates and I mean that thank you Bill Gates for being such a productive member of the planet Earth

[14:38]

productive member of the planet Earth and for now being behind these tests gets that you can do a home and mail in that seems like that's a big deal to me
Balaji Srinivasan was saying on on Twitter and I agree that we need some kind of a right to try legislation or executive order or something for the people who have to grow the virus in it there's at least some indication that some existing drugs might make a difference so there's some thought and I'm no expert on this area so I can't I can't say that I'm I I'll just say that the question is out there whether there should be some right to try some experimental drugs if you have the corona virus and you could turn suddenly because I guess people are returning bad suddenly um here's an update I've been talking about we need to temporarily for the emergency get rid of the restrictions of

[15:39]

emergency get rid of the restrictions of doctors practicing across state lines because we might need people in other states to help with the overflow especially for telemedicine so I had suggested that the government temporarily do an executive order and say okay for now doctors can use telemedicine to practice across state lines just for the emergency I report that that idea did make it all the way to the White House so I did get confirmation I do have confirmation that the right people in the government have seen the idea and have initially expressed expressed let's see agreement that that's a high high productive thing to look into so I don't know if that's gonna happen I just know that the model of social media bubbling up ideas to to people who can make a decision is working you know ideas are coming off the internet in sort of a brainstorming

[16:39]

the internet in sort of a brainstorming way hey about this how about this about this and the good ones are actually getting filtered and they're actually making it to the the White House in in less than you know hours and which isn't remarkable if you think about it so we'll see if that happens here's some other things that are happening you're seeing the delivery ramping up a lot more people telecommuting using telemedicine spinning up your say these 4uv robots and test kits the world is really organizing on this stuff people are self-organizing and and they're doing what they need to do so here's my prediction on the corona virus I think I think it's not going to take us down you know it's not going to Adam civilization I don't think you're gonna run out of toilet paper I think the odds of that are low I have no objection to anybody

[17:40]

are low I have no objection to anybody preparing for disaster because the whole point of it is that they're low percentage events but why you should expect prepare for the worst the way she'd expect is will will muddle through this because there is an amazing amount of skill and energy being focused on this problem you don't see this much energy ever being focused on they think since maybe World War two I suppose so I think you should be optimistic the the track record of human beings versus other entities is a hundred percent there is no other species be they bug bird lizard or mammal who has ever beaten humanity and I like the odds of humans again against this now of course we'll get through this now at the same time just to make things interesting Russia has dropped while they've

[18:43]

Russia has dropped while they've increased their production which is dropping the prices now here's what's happening in the world just so you get the lay of the land apparently Russia has figured out how to produce oil very inexpensively some of it has to do with the nature of where they're drilling some has to do with technological and systems improvements but the world was not quite ready for the fact that Russia can produce oil and a lot of it way cheaper than the Middle East but here's the bad news also way cheaper than shale production in the United States so now that OPEC has not agreed to you know cooperate and keep the prices high Russia just went rogue started they're gonna drill like crazy produce like crazy and drive the worldwide price of oil down below the price where Saudi Arabia and the entire American shale

[19:43]

Arabia and the entire American shale industry can't even stay in business so you're watching one of the biggest I would say this is going to be on economic war this is actual at this point so I think it would be fair to say that Russia and Saudi Arabia are actually a war the bullets are not flying but this looks like a complete takedown with an entire country and it looks like Russia's Russia's getting ready to take Saudi Arabia out they will take out also possibly it'll it's looking that way the entire shale energy business in the United States which is big and which is going to be painful and it's going to be expensive and it doesn't help Donald Trump one bit now what's gonna happen with all the pundits who say hey Putin's Putin and Trump's are practically best friends and all that if Putin takes out and it looks

[20:46]

that if Putin takes out and it looks like that's exactly what he's doing as Putin takes out the shale industry in the United States who is gonna say that's good for the fur Trump anybody is there anybody who can maintain the argument that Putin and Trump are working in concert for some big evil nope that's gone forever if Putin takes down our shale industry it's figuratively war it's not the real war with bullets but the United States is not gonna roll over while Putin takes out one of our most important industries that's not gonna happen so Putin has some surprises coming and they would be surprised as to me because I don't know what they are but there's no way we're gonna roll over and just say you know let's just let Putin control all the energy production that matters in the world that's not gonna happen so

[21:47]

world that's not gonna happen so Russia's got some pain coming they just don't know what it is and I think the president is probably already looking at his options and he's probably just gonna turn the lights off figuratively not actually the lights but I've got a feeling that Russia's and for a big kick in the kick in the pants alright those of you who own stock or worried about the economy let me give you some good feelings number one the coronavirus is a weird kind of disaster because it has a timer on it it might be a one-year problem it might be a two-year problem but it's not a three-year problem because by the third year so many people would be exposed it just couldn't be the same thing anymore and when the economy is working as well as it has been and you've got this you know known problem that lasts X long and at the end of it you know you're going to be ok people

[22:49]

you know you're going to be ok people are going to keep their production at least ready to ramp back up so I would expect that the ramp back would be very fast so as much when the shock is over the economy is going to roar back pretty quickly but it's a weird kind of but not all of it so I think the travel industry maybe the cruise industry the restaurant industry there will be industries that are just get devastated by this there's no question about it and it's going to be ugly but there are other industries that are being stimulated by this I'm not even sure the net effect is going to be nearly as negative as anybody imagines so as soon as as soon as things start normalizing they're gonna normalize it very quickly so the ramp back up will be extra fast because there's nothing missing the only thing that's missing is can we go to work now and as soon as the answer is yes you can go to work now BAM everything's back to normal so there's

[23:50]

everything's back to normal so there's that now the the Russia's situation with energy is a little dicey err cuz that's just a big shock and nobody likes shock and uncertainty but I'm I imagine that the markets will do what the markets do and meaning that over time it will find some kind of balance that it doesn't have right now but remember that when the oil prices drop is a gigantic stimulus package for people who buy oil it's very bad for people who work in industry or people who own stock in those industries but if you're just driving your car you just saved a lot of money also if you cancelled your vacation you just saved a lot of money so it's we've never seen an economic shock like this one where maybe not one for one but roughly speaking for every bad thing that this is causing it's accidentally causing a stimulus somewhere else or some savings that will be spent later

[24:51]

some savings that will be spent later some pent up demand this is not like a normal economic shock it's one where everybody's just sort of pulling back in waiting nothing's really broken you'd have to have something broken to be worried and nothing's broken we're actually pulling together and operating as a country you know more coordinated than we ever have probably more empathy more capability more brains more power the United States is really operating at a high level right now of capability so the odds of us getting through this well in let's say a year maybe two years Oh close to a hundred percent close to a hundred percent it's as close to a hundred percent as anything again really so calm down all right let me give you some tips for talking other people and of panic you know in a time like this of national concern where

[25:54]

time like this of national concern where we're all looking at this coronavirus stuff I think you notice that a lot of citizens just jump into the breech and people say all right what's my what's my contribution what's the thing I can do where I can help and you just seem it's really inspirational and amazing and makes you feel good to be alive and I I never want to feel good about a disaster especially ones where people are dying but there is something about it that focuses and improves the human condition you know we do get hardened by by trauma and formed by trauma and this is certainly one of those cases so there's there's something horrible about this a lot horrible about it
it the coronavirus and there's something beautiful about it and it could be true at the same time you you know the the way people are reacting you know the people were jumping into the breach and saying you know you're not you know not on my watch you know the whole whole civilization

[26:57]

you know the whole whole civilization you know sort of acted as one and said yeah yeah virus take your best shot but it's not going to be on my watch you know so watching people jump in risking their life you know their their happiness their pleasure sacrificing you know their sleep their their personal safety and we have no shortage have you ever heard anybody say since this started has anybody said there's a shortage of people who want to help no no there's no shortage of people who want to help and it's really dangerous stuff so that's amazing and we should not lose sight of that but here's why you should not be as worried as perhaps you are so these are some tips for talking other people out of their worry and here's the main one we're confusing statistical risk with personal risk it's because we watch the news if

[27:58]

risk it's because we watch the news if you've never had any news you'd probably just get a cold and take some days off and go home and you would never even know there was a problem so the first thing you have to understand is the way you feel about the problem has probably 80% of it has to do with the way it's being presented to you and that we live in a world where presenting scary things is a good business model for the news so you are being scared beyond where the where the risk might be appropriate for you specifically now it is good to scare society so society does all the right things I'm in favor of scaring society but if you're trying to decide you individually how scared should you be here's what's to keep in mind the coronavirus is a statistical risk it's not a personal risk it is but it's so small you could almost ignore it the statistical risk is that there's a guarantee that some thousands of

[28:58]

guarantee that some thousands of Americans will die for this guaranteed a hundred percent chance there's some number of people we hope is not thousands but you know if people are dying there's no there's nothing that will stop some number of people from dying from any flu this flu or any other flu so that's just gonna happen it was gonna happen anyway at some rate but and we should treat that risk very seriously even if we don't know the names of the people were gonna die but let's say we're talking about you what are the odds that you specifically will get a corona virus and die so small it's vanishes your actual individual risk just disappears it's a it's a system risk it's people whose names you don't know who almost certainly are not going to be you almost certainly there will be a lot of them they have real names they're real people we care about them but almost impossible that it'll be you

[30:01]

but almost impossible that it'll be you specifically given the nature of this so that's the first thing people need to know is that when we everybody talking about the risk it's a statistical risk it's not you the odds of you dying or nothing so let's take me as an example what are the risks that I Scott Adams will die of the corona virus is so small it's the last thing I'm worried about but I'm still gonna do everything I need to do to protect myself you know that staying in a crowds and washing hands and all that stuff because I'm part of the systems so my contribution to keeping myself healthy actually is not that much about me you know I mean it's good for me just in case but it's mostly about if we all do what we're supposed to do to stay healthy and stay unattracted and do what we're supposed to do we reduce the system risk so everything you're doing to keep yourself safe think of it as a system safety you actual risk practically nothing

[31:07]

the other thing I would suggest if you if people are trying to feel better is to do something as long as you're doing something you have a sense of control I tell you I've told you that I go for a walk every day and then you know especially yeah I'm the sunny days get some vitamin D get mild exercise keeps my keeps my immunity up I'm making sure I get enough sleep I'm eating right I'm doing all those things so I feel like I'm doing something you know I put in some supplies just in case I don't think we're gonna run out of any supplies because supplies are the one things that really isn't the the industries that are at risk are the ones where large gatherings get together you know events and restaurants and such the ones that are not at risk because you can still operate even if a lot of employees or sick that week are things that make stuff so I don't think we're gonna run out of stuff we're not gonna run out of electricity water and toilet paper and food I just don't think that's gonna

[32:08]

food I just don't think that's gonna happen I think you just saw your recreation will be limited for a while here's some more context humanity is really good at emergencies really good and already we've got it you know China has got a handle on it and how hard was that South Korea has got a handle on and now the number of new cases are decreasing how hard was that how many people are there in China in South Korea were infected and they still got ahold of it pretty impressive pretty impressive I would suggest people that they stop binge watching all the virus porn because the news talks about whatever is in the news whatever you know whatever is interesting it doesn't mean you have to watch all of it it might be good enough just to you know pick up the statistics every day and say okay how does it look today alright let's go on with my day I also recommend that you make stress relief a full-time job so

[33:10]

make stress relief a full-time job so don't allow yourself to just get more and more stressed and say well I can I can handle it just go after it because your stress level is what's degrading your immune response so at least during the the time of the corona virus risk I would say you should make it your full-time job to get a nap relax do some meditating exercise you know do whatever it takes for you to to reduce some stress because that will reduce your cortisol levels and make you safer so those are the main things reminding people that their risk is vanishingly small actually smaller than driving a car or smaller than getting in a plane in general it's as small as you can get so please talking about the William HOF method of breathing to boost immunity you can read up on that William HOF breathing method just google it and you

[34:11]

breathing method just google it and you can make your own decision about that somebody says wash your bananas okay so let's let's try to make something positive out of this coronavirus we're all going to be staying home staying at crowds or at least those of us of a certain age figure out why you can do that where you can come out ahead at the end of three months have a new skill be a little more fit to be a little more relaxed learn how to meditate do something useful all right
that's let's talk about the funniest story of the day this is a funniest political story as funny for all the wrong reasons I mean I there's a shot and Freud here meaning that I enjoy other people's misfortune but they had it coming so this is different so you've all seen it now by now the Biden sound clip and video clip in which he seems to

[35:12]

clip and video clip in which he seems to be all confused and at the end he says something about and door you know helping President Trump get elected it just doesn't make any sense well it turns out that it's an edited clip and when I say edited I don't mean that any of the clip that you're seeing is edited but rather they cut out the last few seconds after the clip if you had seen the last few seconds you would know that the sentence were Biden appears to be saying will do nothing but elect president Trump he's not endorsing him the rest of the sentence is something like I'm just paraphrasing here but it's something like will elect president Trump unless we do XYZ so what the part that's cut out is the unless we do XYZ and if you cut that out it looks like he's accidentally so confused the endorsed president Trump and that's that's the way people are having fun with it now does that sound familiar yes it does

[36:12]

now does that sound familiar yes it does because that's exactly what the left did to President Trump with the fine people hoax because anyway what do people say when they see the fine people hoax video they say Scott Scott Scott I'm not mistaken I'm looking at the actual unedited video of what the president said and I'm watching him call those Nazis fine people it's right there I'm looking at it I believe my own ears my own eyes and then you say yeah but they cut out the last part where he made sure that you didn't think that by saying in case you know in case you would accidentally thought that he doesn't say that part but he says he clarifies he says and I'm not talking about the neo-nazis and white nationalists who should be condemned totally so you cut that part out and you leave the first part and it reverses the meaning it reverses it it's a hundred percent different than the actual meaning now what did people say when I said hey that fine people clip is edited they said

[37:15]

fine people clip is edited they said Scott Scott Scott it's not edited I watched it live I watched it on tape it's the same thing I watched life there's nothing edited it's exactly what he said and they can't seem to understand that the part that got left out reversed its meaning until Joe Biden had it happened to him and this is the fun part because it's exactly the same it's exactly the same trick they just took out the last part the reversed its meaning put it out there and some millions of people saw the original clip you know the Clinton millions saw at the clip without the part on the end and then it gets you know people realize that that's misleading and they put out the correction but how many people see the correction 10% maybe so you get a nine to one benefit with the fake fake

[38:16]

nine to one benefit with the fake fake news clip now there are some of you who are protesting and you're saying Scott Scott Scott the Biden clip is not misleading because the point of it is not that anybody really thought he was endorsing president Trump nobody really thought that that was just funny but they did think he was doddering and confused yeah that's true that's true yeah it does show him doddering and confused I would agree with that but doddering and confused in a way that's not entirely different from this stuttering excuse that he's using which isn't a bad excuse I got to say so Biden has said that he's had a stutter in the past some have suggested that he do he uses a trick where if he feels a stutter coming a word that he doesn't want to pronounce that stutters have learned to do a workaround where they use other words instead and you can become not fluent because you're thinking too hard

[39:18]

fluent because you're thinking too hard about substituting words and then you say I'm confused but what you're really doing is trying to think and talk and substitute words at the same time and it's just too much now I happen to have some experience with that because I had a voice problem for three and a half years it wasn't a stutter but I had the same issue there were some words I couldn't pronounce and and I would I would do that same trick I would try to say sentences so if I asked for a diet coke because I had a voice problem in which I could not pronounce coke I would have to say something like I'll have my usual it's a soda is it's the brown one you know it's it's what I usually have and I just sound like an idiot because I'm just trying to talk around using the word coke because I know my mouth can't pronounce it so is Joe Biden losing it I think obviously yes I think there is something about that stutter workaround thing that is true but I think he used to be better at

[40:19]

true but I think he used to be better at it because he was a little more let's say sharp so I don't think that the excuse of him talking around the stutter is telling you everything you need to know I think you probably always did it but we didn't notice before because there's a little more clever about it so anyway that's just sort of a beautiful karma that the Democrats are having to deal with that there's an article in Breitbart today a little write-up of an interview I did in radio with Joel Pollak last night about burning Biden if you want to see that you might see my opinion on what's going to happen in the election why isn't Bernie making Biden's decline an issue well that seems to be consistent with burning so Bernie has been trying to run a campaign that's not about the people but is a little bit

[41:20]

about the people but is a little bit more about you know the policies of course he went after president Trump for allegedly being racist so he does go after people if he needs to but maybe it's because they're friends maybe it's because he thinks Biden might get the nomination and it's better to support him it's hard to know what Bernie's thinking but if I had to guess well so I've predicted that Bernie will have at least one more surge could be more than one but I think he'll have at least one more surge and it could be coming really soon and it could be becoming because of this you know if he decides to talk about Biden's mental decline that should be enough to give him and others so it might happen all right so tomorrow we've got another another primary so we'll find out what's what after that all right I'm just looking at your comments all right

[42:22]

your comments all right looks like that's all we got going I'm kind of hating all of this coronavirus news because it's it's it's interesting because it's important but it's not different enough every day I would like to talk about better things did I buy more Amazon stock today I I'm all-in on the market so I'm I'm just gonna wait it out however long it takes but I did I did load up on Amazon when it dipped
wait wait can you talk more about the oil industry please did you have a specific question I'm certainly no expert on the oil industry but you know the bottom line is that consumers will get lower cost that's the stimulus the industry the shale industry might get wiped out we'll see how this goes all right that's all we got for now and I'll talk to you tomorrow