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Harris Picks Walz, Why Markets Are Volatile, Why You Shouldn’t Panic

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Brian Wesbury, Chief Economist at First Trust LP and the former Chief Economist for the Joint Economic Committee of Congress, is in for Jim. Today, Brian and Greg dissect Kamala Harris choosing Minnesota Gov. Tim Walz as her running mate and why it may be a gift to the GOP. Brian also explains why the markets are in turmoil right now, why you shouldn't panic, and more.

First, they respond to the breaking news that Harris-Walz will be the ticket for Democrats in 2024. They explain why this is the furthest left ticket in recent memory and why it gives Donald Trump and JD Vance ample opportunities to expose how far out of the mainstream Harris and Walz really are. And they discuss the Walz record in Minnesota - from his disastrous handling of the 2020 riots to his far left economic and social positions.

Next, Brian goes through the factors leading to the major volatility in world markets over the past several days. He says we are largely paying the price for terrible policies enacted during the Covid pandemic and he says the "morphine" is finally wearing off. But there are other important factors as well, and Brian tells us why he thinks the U.S. is headed into a recession but nothing close to a 2008-level crisis.

Finally, Brian explains why investors should not panic during this turmoil and what the smartest government response would be.

Hosts:
Greg CorombosJim Geraghty