sociated with the country? Now, it's not a big deal, but the way it feels is bigger than how big a deal it is. And that's what Trump gets right every time. He will make you feel that things are moving in the right direction. And what have I taught you about economics? The most important thing you need to know about economics, aside from the fact that economists are only guessing, that maybe that's rule one. Even the professionals are pretty much just guessing. You know, there's a reason they always disagree on everything. However, the other big rule of economics is that economics are driven by expectations. And if people are optimistic, the economy usually does well because it causes people to act in a way that drives the economy up. They invest because they think, "Oh, this would be a good time to do that. Everything's going well." So Trump is the master of all time of convincing people that the economy is already going in the right direction when he's in charge. Right?

So this budget cut is part of that. It's not terribly important by itself, but the more you hear stories about the Trump administration cut some expenses that were unnecessary, the happier you'll be. You'll think, "Oh, finally the adults are in charge." So the way you feel about it is much more important than the nine billion that they cut.

According to Polymarket, which is just a bunch of people who are asked their opinion and then gamble on stuff, I guess, the odds of a recession have gone down from 70% on Polymarket. I guess that was in the spring when we were still confused about what would happen with tariffs and according to Breitbart News, the 70% chance of recession is now all the way down to 19%. Now remember these are not economists but economists also have lowered their estimate of the risk of a recession. So regular people plus economists are all saying oh it doesn't look like a recession.

Now I remind you that Trump and his administration were really the ones saying no there's not going to be a recession. And now we know they were right. I mean, I suppose you could say no, but the recession will be in the autumn. Well, maybe, but it doesn't look like it. To me, it looks like I don't know, nine out of 10 economic signals are in the right direction at the moment. And we're almost certainly going to get a rate cut. If not now, then maybe in the spring and people will anticipate it and that will make them optimistic. I really don't see a recession happening unless there's some brand new thing that happens that we don't know about. So Trump is managing the expectations of the country really, really well. And I don't think that story gets enough play because we talk about what Trump says and we think, oh, you know, he's just being a salesman. And then we talk about what the economy does and I don't think it's enough to connect it that the things he says do drive the economy and in a very real way.

Speaking of that, Breitbart News is reporting that gas prices are stable and fairly low compared to where they were under Biden in Trump's second term. So remember how bored you were in the spring? Blah blah blah gas prices blah blah blah my eggs. My eggs are too expensive. And Democrats thought they finally had a winning topic. All right, everybody. We'll talk about gas and eggs. And in typical Democrat historical pattern, they picked as their attack line the thing that was most likely to blow up in their faces. Just like all the lawfare against Trump and getting the, you know, getting the, you know, everything from the attempted assassination to the Russia collusion hoax. Every time they go after Trump, they managed to pick the only thing that's likely to backfire.

All right. Now, we've got these pictures of him. What do you call it? The mug shot. We've got him now. We got Trump to have to take a mug shot. Ho ho ho ho ho ho. We've got him now. And then his supporters say, "Can I put that on a shirt? That's pretty awesome." And the next thing you know his popularity goes up. And so the same thing I thought was obvious with the eggs and the gas. The odds of Trump being able to move those two things given that they were such priorities were pretty high. So the Democrats decided to hitch their fate to eggs and gas, the two things that Trump probably, and it looks like he succeeded, had the most ability to fix. Why would they do that? Everything they pick is the wrong thing to pick.

You know, Trump comes in, he goes, "We got to build a wall. We got all these criminals coming across." Well, that just is real. And then he can fix it. And then he gets the credit for it. But the Democrats never pick the right thing. They always pick something that he can easily turn to his advantage either by solving it or by his good persuasion.

So eggs, speaking of which also in Breitbart John Carney is reporting the egg prices fell 19.8% in June and they're down 61% since February. You know what's weird? For most of my adult life, I've not eaten eggs. For a variety of reasons that don't really matter, but as soon as eggs were too expensive for people to afford, I really wanted some eggs. And I was completely aware of the fact that I was being manipulated by the news. As long as the news told me that eggs were rare and that only rich people could eat eggs. I just said to myself, really? So only successful rich people can eat eggs? Well, I'm going to get a dozen eggs and see how right they are. So I was eating quite a few eggs. Then the price of eggs went down and now everybody can afford eggs. Well, I've lost all my interest in them. If I can't feel superior by eating an egg, I'll eat something else. But egg prices and gas looking good.

Speaking of eggs, there's a new study out of the University of South Australia that says eating two eggs a day is actually good for your cholesterol and not bad. Don't you recall years and years of our life where we were told, well, the eggs are okay, but you don't want to overdo it. You know, you're not going to want to have two eggs every day because that would be too much cholesterol. Do you remember that? And now this study says that two eggs a day will actually improve your LDL, which is your good stuff, I guess. So no, it can reduc