The Higher Standard

Yea though I walk through the valley of the shadow of the recession, I shall fear no Gary Shilling. Gary has been a permanent bear in the markets, but he did call and make a lot of money of The Great Recession. Now he is saying you can expect stocks may crash 30%, a recession looks imminent, and commercial real estate is a bubble about to burst. We give you 8 of his best quotes from a new interview. Chris, Saied and Haroon once again break down the impossible mess of the housing market. And, then place all tray tables and seat backs in their locked and upright positions because the boys are going all in on OpenAI's massive CEO debacle. Sponsored By Transcend Company:TRANSCEND your goals! With a telehealth physician directed personalized treatment plan you can get a PERSONALIZED PLAN for Peptide Therapy, Hormone Replacement Therapy, Cognitive Function, Sleep & Fatigue, Athletic Performance and MORE. Their online process and medical experts make it simple to find out what’s right for you. Click the link and start today: http://www.transcendcompany.com/THSPResources:Stocks may crash 30%, a recession looks imminent, and commercial real estate is a bubble about to burst, market prophet says. Here are Gary Shilling's 8 best quotes from a new interview (Business Insider)The US Housing Market Has Become an Impossible Mess (Bloomberg)  OpenAI Investors Try to Get Sam Altman Back as CEO After Sudden Firing (Wall Street Journal)OpenAI’s Unusual Corporate Structure Gave the Board Complete Control (Chartr Daily via Instagram)Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

October is in and it appears to have moderated, cooling measurably more than anticipated. Consumer prices rose 3.2 percent in the year through October, decelerating from the previous month and showing encouraging signs under the surface, but is it enough to keep Jerome Powell and The Fed data dependent and focused on the potential for future rate cuts? Saied, Chris and Haroon breakdown what they think "higher for longer" may mean and what you should actually expect. Walmart CEO says "deflation could be coming this holiday season" and the boys take the opportunity to remind you that they feel we are already in an earnings recession. Lastly, what would an episode of The Higher Standard be without a healthy degree of trash talk? Did you know that almost no one else in the world pays a 6% real estate commission outside of Americans? Join the boys as they dive in to how the rest of the world buys and sells homes. Oh! And, full disclosure, everyone had a cocktail or two this episode. Sponsored By Transcend Company:TRANSCEND your goals! With a telehealth physician directed personalized treatment plan you can get a PERSONALIZED PLAN for Peptide Therapy, Hormone Replacement Therapy, Cognitive Function, Sleep & Fatigue, Athletic Performance and MORE. Their online process and medical experts make it simple to find out what’s right for you. Click the link and start today: http://www.transcendcompany.com/THSPResources:October Inflation Report (New York Times) Wholesale prices fell 0.5% in October for biggest monthly drop since April 2020 (CNBC) Deflation could be coming this holiday season, Walmart CEO says (CNBC) Almost No One Pays a 6% Real-Estate Commission—Except Americans (Wall Street Journal)Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

Welcome back to the number one financial literacy podcast in the world! It's The Higher Standard podcast. This episode Chris, Saied and Haroon continue to breakdown why they think we are likely already in a recession and the overwhelming likelihood that a "soft landing" was never actually possible. Owning a home has gotten way too unaffordable and despite the rhetoric from too many real estate economists, the boys think we have a long adjustment period in front of us. Lastly, there appears to be some mounting evidence that Airbnbs being banned actually helps rental rates go down in cities with new restrictions. All facts, no cap. Sponsored By Transcend Company:TRANSCEND your goals! With a telehealth physician directed personalized treatment plan you can get a PERSONALIZED PLAN for Peptide Therapy, Hormone Replacement Therapy, Cognitive Function, Sleep & Fatigue, Athletic Performance and MORE. Their online process and medical experts make it simple to find out what’s right for you. Click the link and start today: http://www.transcendcompany.com/THSPResources:Recession: The Stars Continue To Align (Forbes) Owning a Home Has Gotten Pricey, Fast. A Market Adjustment Is Coming (Barrons)The best evidence yet that banning Airbnbs will make rent go down (Business Insider) Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

Favorite economist Nouriel Roubini selling out and Planet Fitness raising prices. Powell proves he's about that life. Economy out of control! Don't spend money now. Roubini launching a token. Inflation concern and wealth growth. Understanding consumer perception of monetary policy. SRK's physique discussed. Importance of starting early, budgeting, and upcoming merchandise. Equity in homes and looming challenges.

The podcast discusses topics like mortgage demand dropping, hiring slowdown, and where to invest. They also dive into Sam Bankman-Fried's conviction on federal charges. The hosts share humorous banter, talk about housing affordability, signs of cracks in the economy, investing in Vanguard funds, and the conviction and sentencing of Sam Bacon Fried for fraud in the crypto industry.

The podcast discusses the Fed leaving rates unchanged, Jamie Dimon's hawkish stance, adjustable-rate mortgage demand jumping nearly 10%, Wells Fargo warning of a 1980s style recession, and the expected increase in M&A activity as companies run out of money.

Unpacking the outstanding mortgage market by rate and exploring the tenuous business for lenders and employees. Chart work reveals the current state of the consumer credit market. Americans' net worth at every age is also examined. The impact of debt on the mortgage industry and government intervention. The rising interest rates on credit card debt and the Fed's inflation target are discussed. Struggles and frustrations with social media and the politicization of information.

U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected, but Chris, Saied and Haroon aren't convinced this is a good thing. They look back at previous recessions and some of the GDP trending before and after declaration to try and determine if the newest GDP print really has any meaning. Mohammaed El-Erian seems to share many of the same fears regarding the impact of rates on the economy and is apparently equally as skeptical of the GDP print. Jamie Dimon then rips central banks a new one for being 100% dead wrong on economic forecasts. Then this dark episode takes a darker turn as The Fed's Raphael Bostic doesn't foresee a rate cut coming until "late 2024." And, for those of you who missed Haroon's desk pop of a Monster Energy mid-show, don't worry, he comes back strong in episode 189 of The Higher Standard. Sponsored By Transcend Company:TRANSCEND your goals! With a telehealth physician directed personalized treatment plan you can get a PERSONALIZED PLAN for Peptide Therapy, Hormone Replacement Therapy, Cognitive Function, Sleep & Fatigue, Athletic Performance and MORE. Their online process and medical experts make it simple to find out what’s right for you. Click the link and start today: http://www.transcendcompany.com/THSPResources:U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected (CNBC)Strong GDP growth isn't a sign the US has escaped a recession, and interest rates are a big headwind to economic activity, top economist Mohamed El-Erian says (Business Insider)Jamie Dimon rips central banks for being ‘100% dead wrong’ on economic forecasts (CNBC)Fed’s Raphael Bostic doesn’t foresee rate cuts coming until ‘late 2024’ (CNBC)Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

From the very beginning of this data heavy episode Saied is salty, dare we say even – grump!  Come for the discussion on housing affordability versus renting, mortgage rate debates and updates on the National Association of Realtors antitrust lawsuits.  But, stay for the sassy attitude that Saied is bringing to the table.  Listen as Chris and Haroon are attacked at every turn by an unprovoked attack. Sponsored By Transcend Company:TRANSCEND your goals! With a telehealth physician directed personalized treatment plan you can get a PERSONALIZED PLAN for Peptide Therapy, Hormone Replacement Therapy, Cognitive Function, Sleep & Fatigue, Athletic Performance and MORE. Their online process and medical experts make it simple to find out what’s right for you. Click the link and start today: http://www.transcendcompany.com/THSPResources:As mortgage rates hit 8% for the first time in 23 years, affordability continues to fall off a cliff (The Kobeissi Letter via X)There’s Never Been a Worse Time to Buy Instead of Rent (Wall Street Journal)America’s Downtowns Are Empty. Fixing Them Will Be Expensive (Wall Street Journal)Is the ongoing run of Fed rate hikes “taking away the American dream”? This economist says so (Yahoo! Finance via Instagram) Why the housing market is going from tough to terrible (CNN)The 30-year fixed mortgage rate just hit 8% for the first time since 2000 as Treasury yields soar (CNBC)Morgan Stanley makes a bold, tough prediction for home prices next year (The Street)Fastest declining Housing Markets (1-year drop) (The Kobeissi Letter via X)Rocky few months for NAR (The Real Deal via Instagram)Real-Estate Commissions Could Be the Next Fee on the Chopping Block (Wall Street Journal)Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

Your favorite bank CEO, Brian Moynihan is back at it again with a full on contradiction from just a year ago. Chris, Saied and Haroon waste no time calling him to the carpet. Not to be outdone, Peter Schiff pointed out that Bank of America has unrealized losses of approximately $47.8 billion dollars. The boys get in to home sales data which indicate that 2023 may be the slowest year since The Great Recession. Not helping things is the 10-year treasury which just moved above 5.00% for the first time since 2007. All the recession red flags are waving and The Higher Standard podcast is here to give you the raw, unfiltered truth.Sponsored By Transcend Company:TRANSCEND your goals! With a telehealth physician directed personalized treatment plan you can get a PERSONALIZED PLAN for Hormone Replacement Therapy, Cognitive Function, Sleep & Fatigue, Athletic Performance and MORE. Their online process and medical experts make it simple to find out what’s right for you. Click the link and start today: http://www.transcendcompany.com/THSPResources:Big banks are quietly cutting thousands of employees, and more layoffs are coming (CNBC)Bank of America warned consumers they would be pushed to the ‘point of pain’—and CEO Brian Moynihan says we’ve now reached that point (Fortune)BoA lost $47.8 Billion (Peter Schiff via Instagram)Home Sales on Track for Slowest Year Since Housing Bust (Wall Street Journal)10-year Treasury yield breaks above 4.9% for the first time since 2007 (CNBC)Morgan Stanley shares fall over 6% as wealth management results disappoint (CNBC)Oil jumps as Iran increases rhetoric against Israel, US stockpiles drop (Yahoo! Finance)Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.