Podcasts about Alternatives

Too many women are told that painful periods, heavy bleeding, and exhaustion are “just part of being a woman.” They're not. In this episode, Dr. Kameelah Phillips, OBGYN and author of The Empowered Hysterectomy, breaks down the truth about fibroids, hysterectomies, and perimenopause—and why informed choices matter for every woman's health. Dr. Phillips shares why nearly 80% of Black women will experience fibroids by age 50, how medical gaslighting keeps too many of us suffering in silence, and what real informed consent should look like in the exam room. With honesty and humor, she also opens up about her own journey through perimenopause, the power of hormone therapy, and why even world-class athletes like Serena Williams aren't immune from poor medical advice.In this episode, you'll learn:How to recognize the overlooked signs of fibroids (beyond heavy bleeding)Alternatives to hysterectomy: from hormonal therapies to minimally invasive proceduresWhat perimenopause really is (and why it can last up to 10 years)How hormone therapy works, who it helps, and where plant-based supports fit inPractical ways to advocate for yourself and push back against medical gaslightingResources & LinksCLICK to PURCHASE The Empowered Hysterectomy by Dr. Kameelah Phillips Follow Dr. Phillips on Instagram: @DrKameelahSays Learn more at Cala Women's Health, NYCWant more? I share unfiltered reflections, bonus wellness tools, and behind-the-scenes stories from Be Well, Sis on my Substack. Come hang out there →Bewellsis.substack.comWe're supporting St Jude's- head over to www.stjude.org/bewellsis right now and sign up to be a monthly donor. Together, we can make a real impact.Want to get in touch? Maybe you want to hear from a certain guest or have a recommendation for On My Radar? Get in touch at hello@editaud.io with Be Well Sis in the subject line! Have you're on Not Well, Sis rant to contribute? Click here to send it into the show!Be Well, Sis is hosted by Dr Cassandre Dunbar. This episode was edited by Victoria Marin. Our Production Manager is Kathleen Speckert. Be Well, Sis is an editaudio collaboration. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Our strategists Michelle Weaver and Adam Jonas join analyst Christopher Snyder to discuss the most important themes that emerged from the Morgan Stanley Annual Industrials Conference in Laguna Beach.Michelle Weaver: Welcome to Thoughts on the Market. I'm Michelle Weaver, Morgan Stanley's U.S. Thematic Strategist.Christopher Snyder: I'm Chris Snyder, Morgan Stanley's U.S. Multi-Industry Analyst. Adam Jonas: And I'm Adam Jonas, Morgan Stanley's Embodied AI Strategist.Michelle Weaver: We recently concluded Morgan Stanley's annual industrials conference in Laguna Beach, California, and wanted to share some of the biggest takeaways.It's Tuesday, September 16th at 10am in New York.I want to set the stage for our conversation. The overall tone at the conference was fairly similar to last year with many companies waiting for a broader pickup. And I'd flag three different themes that really emerged from the conference. So first, AI. AI is incredibly important. It appeared in the vast majority of fireside conversations. And companies were talking about AI from both the adopter and the enabler angle. Second theme on the macro, overall companies remain in search of a reacceleration. They pointed to consistently expansionary PMIs or a PMI above 50, a more favorable interest rate environment and greater clarity on tariffs as the key macro conditions for renewed momentum. And then the last thing that came up repeatedly was how are companies going to react to tariffs? And I would say companies overall were fairly constructive on their ability to mitigate the margin impact of tariffs with many talking about both leveraging pricing power and supply chain shifts to offset those impacts. So, Chris, considering all this, the wait for an inflection came up across a number of companies. What were some of your key takeaways on multis, on the macro front? Christopher Snyder: The commentary was stable to modestly improving, and that was really consistent across all of these companies. There are, you know, specific verticals where things are getting better. I would call out data center as one. Non-res construction, as another one, implant manufacturing as one. And there were certain categories where we are seeing deterioration – residential HVAC, energy markets, and agriculture.But we came away more constructive on the cycle because things are stable, if not modestly improving into a rate cut cycle. The concern going in was that we would hear about deteriorating trends and a rate cut would be needed just to stabilize the market. So, we do think that this backdrop is supportive for better industrial growth into 2026.We have been positive on the project or CapEx side of the house. It feels like strength there is improving. We've been more cautious on the short cycle production side of the house. But we are starting to see signs of rate of change. So, when we look into [20]26 and [20]27, we think U.S. industrials are poised for decade high growth. Michelle Weaver: You've had a thesis for a while now that U.S. reshoring is going to be incredibly important and that it's a $10 trillion opportunity. Can you unpack that number? What are some recent data points supporting that and what did you learn at the conference? Christopher Snyder: Some of the recent data points that support this view is U.S. manufacturing construction starts are up 3x post Liberation Day. So, we're seeing companies invest. This is also coming through in commercial industrial lending data, which continues to push higher almost every week and is currently at now record high levels. So, there's a lot of reasons for companies not to invest right now. There's a lot of uncertainty around policy. But seeing that willingness to invest through all of the uncertainty is a big positive because as that uncertainty lifts, we think more projects will come off the sidelines and be unlocked. So, we see positive rate of change on that. What I think is often lost in the reassuring conversation is that this has been happening for the last five years. The U.S. lost share of global CapEx from 2000 when China entered the World Trade Organization almost every year till 2019 when Trump implemented his first wave of tariffs. Since then, the U.S. has taken about 300 basis points of global CapEx share over the last five years, and that's a lot on a $30 trillion CapEx base. So, I think the debate here should be: Can this continue? And when I look at Trump policy, both the tariffs making imports more expensive, but also the incentives lowering the cost of domestic production – we do think these trends are stable. And I always want to stress that this is a game of increments. It's not that the U.S. is going to get every factory. But we simply believe the U.S. is better positioned to get the incremental factory over the next 20 years relative to the prior 20. And the best point is that the baseline growth here is effectively zero. Michelle Weaver: And how does power play into the reshoring story? AI and data centers are generating huge demand for power that well outstrip supply. Is there a risk that companies that want to reshore are not able to do so because of the power constraints?Christopher Snyder: It's a great question. I think it's part of the reason that this is moving more slowly. The companies that sell this power equipment tend to prioritize the data center customers given their scale in magnitude of buying. But ultimately, we think this is coming and it's a big opportunity for U.S. power to extend the upcycle.Manufacturing accounts for 26 percent of the electricity in the country. Data center accounts for about 5 percent. So, if the industrial economy returns to growth, there will be a huge pull on the grid; and I view it as a competitive advantage. If you think about the future of U.S. manufacturing, we're simply taking labor out and replacing it with electricity. That is a phenomenal trade off for the U.S. And a not as positive trade off for a lot of low-cost regions who essentially export labor to the world. I'm sure Adam will have more to say about that. Michelle Weaver: And Adam, I want to bring robotics and humanoid specifically into this conversation as the U.S.' technological edge is a big part of the reshoring story. So how do humanoids fit into reshoring? How much would they cost to use and how could they make American manufacturing more attractive? Adam Jonas: Humanoid robots – we're talking age agentic robots that make decisions from themselves autonomously due to the dual purpose in the military. You know, dual purpose aspect of it makes it absolutely necessary to onshore the technologies.At the same time, humanoid robots actually make it possible to onshore those technologies. Meaning you need; we're not going to be able to replicate manufacturing and onshore manufacturing the way it's currently done in China with their environmental practices and their labor – availability of affordable cheap human labor.Autonomous robots are both the cause of onshoring. And the effect of onshoring at the same time, and it's going to transform every industry. The question isn't so much as which industry will autonomous robots, including humanoids impact? It's what will it not.And we have not yet been able to find anything that it would. When you think about cost to use – we think by 2040 we get to a point where to Chris's point, the marginal cost of work will be some factor of electricity, energy, and some depreciation of that physical plant, or the physical robot itself. And we come up with a, a range of scenarios where centered on around $5 per hour. If that can replace two human workers at $25 an hour, that can NPV to around $200,000 of NPV per humanoid. That's discounting back 15 years from 2040.Michelle, there's 160 million people in the U.S. labor market, so if you just substituted 1 percent of that or 1.6 million people out of the U.S. Labor pool. 1.6 million times $200,000 NPV; that's $320 billion of value, which is worth, well, quite a lot. Quite a lot of money to a lot of companies that are working on this. So, when we get asked, what are we watching, well, in terms of the bleeding edge of the robot revolution, we're watching the Sino-U.S. competition. And I prefer to call it competition. And we're also watching the terra cap companies, the Mag 7 type companies that are quite suddenly and recently and very, very significantly going after physical AI and robotics talent. And increasingly even manufacturing talent. So again, to circle back to Chris's point, if you want evidence of reshoring and manufacturing and advanced manufacturing in this country, look at some of these TMT and tech and AI companies in California. And look at, go on their hiring website and watch all the manufacturing and robotics people that they're trying to hire; and pay a lot of money to do so. And that might be an interesting indicator of where we're going.Michelle Weaver: I want to dig in a little bit more there. We're seeing a lot of the cutting-edge tech coming out of China. Is the U.S. going to be able to catch up?Adam Jonas: Uh, I don't know. I don't know. But I would say what's our alternative. We either catch up enough to compete or we're up for grabs. OK?I would say from our reading and working closely with our team in China, that in many aspects of supply chain, manufacturing, physical AI, China is ahead. And with the passage of time, they are increasingly ahead. We estimate, and we can't be precise here, that China's lead on the U.S. would not only last three to five years, but might even widen three to five years from now. May even widen at an accelerating rate three to five years from now.And so, it brings into play is what kind of environment and what kind of regulatory, and policy decisions we made to help kind of level the playing field and encourage the right kind of manufacturing. We don't want to encourage trailing edge, Victorian era manufacturing in the U.S. We want to encourage, you know, to skate to where the puck is going technology that can help improve our world and create a sustainable abundance rather than an unsustainable one. And so, we're watching China very, very closely. It makes us a little bit; makes me a little bit kind of nervous when we – if we see the government put the thumb on the scale too much.But it's invariably going to happen. You're going to have increased involvement of whichever administration it is in order to kind of set policies that can encourage innovation, education of our young people, repurposing of labor, you know. All these people making machines in this country now. They might get, there may be a displacement over a number of years, if not a generation.But we need those human bodies to do other things in this economy as well. So, we; I don't want to give the impression at all in our scenarios that we don't need people anymore. Michelle Weaver: What are the opportunities and the risks that you see for investors as robotics converges with this broader U.S. manufacturing story? Adam Jonas: Well, Michelle, we see both opportunities and risks. There are the opportunities that you can measure in terms of what portion of global GDP of [$]115 trillion could you look at. I mean, labor alone is $40 trillion.And if you really make humanoid that can do the work of two workers, guess what? You're not going to stop at [$]40 trillion. You're going to go beyond that. You might go multiple beyond that. Talking about the world before AI, robotics and humanoid is like talking about the world before electricity. Or talking about business before the internet. We don't think we're exaggerating, but the proof will be in the capital formation. And that's where we hope we can be of assistance to our clients working together on a variety of investment ideas. But the risks will come and it is our professional responsibility, if not our moral responsibility, to work with our partners across research to talk about those risks. Michelle, if we have labor displacement, go too quickly, there's serious problems. And if you don't, if you don't believe me, go look at, look at you know, the French Revolution or the Industrial Revolution, or Age of Enlightenments. Ages of scientific enlightenment frequently cohabitate times of great social and political turmoil as well. And so, we think that these risks must be seen in parallel if we want to bring forth technologies that can make us more human rather than less human. I'm sorry if I'm coming across as a little preachy, but if you studied robots and labor all day long, it does have that effect on you. So, Michelle, how do you see innovation priorities changing for industrials and investors in this environment?Michelle Weaver: I think it's huge as we're seeing AI and technology broadly diffuse across different segments of the market, it's only becoming more important. About two-thirds of companies at the conference mentioned AI in some way, shape, or form. We know that from transcripts. And we're seeing them continue to integrate AI into their businesses. They're trying to go beyond what we've just seen at the initial edge. So, for example, if I think about what was going on within AI adoption a couple years ago, it was largely adding a chat bot to your website that's then able to handle a lot of customer service inquiries. Maybe you could reduce the labor there a little bit. Now we're starting to see a lot more business specific use cases. So, for example, with an airline, an airline company is using AI to most optimally gate different planes as they're landing to try and reduce connection times. They know which staff needs to go to another flight to connect, which passengers need to move to another flight. They're able to do that much more efficiently. You're seeing a lot on AI being adopted within manufacturing to make manufacturing processes a lot more seamless. So, I think innovation is only going to continue to become more important to not only industrials, but broadly the entire market as well.Clearly the industry is being shaped by adaptability, collaboration, and a focus on innovation. So, Chris, Adam, thank you both for taking the time to talk. Adam Jonas: Always a pleasure. Michelle.Christopher Snyder: Thank you for having us on. Michelle Weaver: And to our listeners, thanks for listening. If you enjoy Thoughts on the Market, please leave us a review wherever you listen to the show and share the podcast with a friend or colleague today.

Get my new book: https://bronsonequity.com/fireyourselfDownload my new special report - How to Use Inflation to Your Advantage - www.bronsonequity.com/inflationWelcome to our latest episode!Join Bronson and the Cash Flow First Investment Expert Panel:Patrick Grimes, founder of Passive Investing Mastery and Invest on Main Street, specializes in recession-resilient cash flow investments like private credit and litigation finance.Courtney Moeller, founder of EMPR Investment Group, focuses on oil and gas, private lending, and business acquisitions, emphasizing diversification.Denis Shapiro, author of The Alternative Investment Almanac and founder of SIH Capital Group, targets affordable housing and hospitality for stable cash flow.Sarah Sullivan, founder of Sugo Capital, explores high-return opportunities like lending to e-commerce businesses while prioritizing investor goals.Discover why cash flow is king for replacing income, explore alternative assets like oil and gas, affordable housing, private lending, and e-commerce, and learn to navigate risks in multifamily real estate.TIMESTAMPS00:00 - Wealth Forum Live (September 25-26, 2025, Dallas)01:26 - Why cash flow matters for financial freedom02:36 - Poll: What's your primary investment goal?02:47 - Panel introductions: Patrick Grimes, Courtney Moeller, Denis Shapiro, Sarah Sullivan04:03 - Why cash flow is key: Courtney on covering bills, Denis on the holy grail06:14 - Patrick on recession-resilient cash flow and private credit07:54 - Sarah on prioritizing appreciation over cash flow for tax benefits09:25 - Poll: What's your primary investment goal?10:39 - Favorite assets13:58 - Patrick on commercial real estate and litigation finance15:59 - Sarah on lending to e-commerce businesses19:08 - Poll: Most reliable cash flow asset19:49 - Multifamily challenges: Courtney on institutionalization, Sarah on distressed buys23:51 - Poll: Biggest concern about cash flow investing24:04 - Patrick on multifamily struggles: interest rates, COVID, insurance costs27:14 - Denis on affordable housing opportunities30:16 - Contrarian investing: Buying out-of-favor assets31:56 - Sarah on the guru effect oversaturating multifamily36:46 - Poll: Cash flow focus40:24 - Poll: Where to deploy $500k?41:36 - Q&A: Cash calls in syndications43:37 - Q&A: Alternatives to holding cash49:04 - Courtney on building business credit for liquidity56:37 - Closing | How to connect with the panelistsConnect with the Guests:Courtney Moeller:Website: courtneymoeller.comLinkedIn: https://www.linkedin.com/in/csmoeller/Oil & Gas Report: http://oilandgasreport.net/Denis Shapiro:Email: Denis@SIHCapitalGroup.comWebsite: https://sihcapitalgroup.com/X: https://x.com/sihcapital?lang=enInstagram: https://www.instagram.com/sihcapitalgroup/?hl=enLinkedin: https://www.linkedin.com/in/denisshapiroPatrick Grimes:Book: https://passiveinvestingmastery.com/bookWebsite: https://passiveinvestingmastery.com/Linkedin: https://www.linkedin.com/in/patricksgrimes/Email: Info@passiveinvestingmastery.comSarah Sullivan:Website: https://theconfidentinvestorsummit.com/freedom-in-3-recurring-live/#CashFlowInvesting#PassiveIncome#AlternativeInvestments#RealEstate#OilAndGas#PrivateLending#FinancialFreedom

Across India and around the world, communities are resisting destruction and reclaiming their right to shape their own futures. Shrishtee Bajpai, researcher and activist with the Global Tapestry of Alternatives, reveals how local struggles for self-determination connect across cultures and what is being done to weave a 'pluriverse' of possibilities rooted in social and ecological justice. Highlights include: How Shrishtee's upbringing as an upper caste, urban Indian girl living along the river Ganga shaped her search for personal freedom and ecological and social justice; How her work with Indian village communities resisting ecological and social destruction helped her connect academic critiques of feminism and development to lived realities; How she challenges oppressive systems while also interrogating her own privilege and colonial inheritance; Why creating a 'pluriverse' of diverse, locally-rooted alternatives is essential to move beyond the dominant development model and progress narrative; Why the Global Tapestry of Alternatives supports 'radiating out' values and lessons rather than 'scaling up', which risks destroying the important nuance of local context; Why strengthening communities' imagination, confidence, and self-determination is central to her work; Why the Rights of Nature movement must de-emphasize the perspectives of NGOs and governments and center the voice of local communities with long-standing connections to their environments; How profound experiences with the more-than-human world and with story-based community ritual sustain her work. See episode website for show notes, links, and transcript:  https://www.populationbalance.org/podcast/shrishtee-bajpai   OVERSHOOT | Shrink Toward Abundance OVERSHOOT tackles today's interlocked social and ecological crises driven by humanity's excessive population and consumption. The podcast explores needed narrative, behavioral, and system shifts for recreating human life in balance with all life on Earth. With expert guests from wide-ranging disciplines, we examine the forces underlying overshoot: from patriarchal pronatalism that is fueling overpopulation, to growth-biased economic systems that lead to consumerism and social injustice, to the dominant worldview of human supremacy that subjugates animals and nature. Our vision of shrinking toward abundance inspires us to seek pathways of transformation that go beyond technological fixes toward a new humanity that honors our interconnectedness with all beings.  Hosted by Nandita Bajaj and Alan Ware. Brought to you by Population Balance. Subscribe to our newsletter here: https://www.populationbalance.org/subscribe Support our work with a one-time or monthly donation: https://www.populationbalance.org/donate Learn more at https://www.populationbalance.org Copyright 2025 Population Balance

Faut-il vraiment punir un enfant pour poser des limites ?Et quelles alternatives concrètes existent pour guider nos enfants dans le respect, sans céder à l'autoritarisme ?Dans cet épisode, Sylvie d'Esclaibes, spécialiste de l'éducation depuis 30 ans et fondatrice d'écoles Montessori, nous invite à repenser notre rapport à la punition et à explorer des alternatives respectueuses du développement de l'enfant.Au programme :✨ Pourquoi la punition est inefficace et contre-productive✨ Le vrai rôle des règles et comment les formuler✨ Poser un cadre clair sans casser la relation✨ Les outils alternatifs : espace de retour au calme, gestion des conflits, réparation, tableaux de réussites...✨ La puissance de la discussion, de la médiation et du dialogueRessources citéesPour les adultes :Discipline Positive, Jane NelsenParler pour que les enfants écoutent, écouter pour que les enfants parlent, Adele Faber & Elaine MazlishÉlever son enfant sans punition ni récompense, Alfie Kohn Pour les enfants :Grosse Colère de Mireille d'Allancé (École des loisirs)Aujourd'hui, je suis de Mies Van Hout (Minédition)La couleur des émotions d'Anna LlenasLe livre de mes émotions de Stéphanie CouturierLe lion qui avait perdu sa crinière de Myriam OuyessadLoin des sanctions et de la peur, découvrez comment stimuler chez l'enfant une véritable réflexion sur ses actes, renforcer le lien parent-enfant et poser des limites solides tout en douceur.

[Part 2] 11 Tips For Beginners To Replace Eggs With More Nutritious Whole Foods Alternatives (With Suggested Recipes) In the second half of this episode hear more great tips about how to make favorites like egg salad, mayo, omelets and more, all with ingredients that are much healthier (and more ethical) than eggs. Written by Brigitte Gemme at Vegan Family Kitchen. #vegan #plantbased #plantbasedbriefing #wfpb #eggs #replaceeggs #veganeggs #plantbasedeggs ======================= Original post: https://veganfamilykitchen.com/replace-eggs/  ===================== Book: Flow In the Kitchen: Practices for Healthy Stress-Free Vegan Cooking Brigitte offers delicious whole food plant based weekly meal plans to make meal planning and batch cooking easier! No need to worry about “what's for dinner?” anymore. You can try a one-week plan for free. She also offers free templates and printables on her website as well as great recipes and strategies for success at veganfamilykitchen.com. Brigitte Gemme is a vegan food educator, meal planner, and coach. After a PhD in sociology of higher education and a 15-year career in research management, she got impatient with the slow pace of planet-friendly change and decided to help individuals live a gentler life. She offers delicious whole food plant based weekly meal plans to make meal planning and batch cooking easier! No need to worry about “what's for dinner?” anymore. You can try a one-week plan for free. She also offers free templates and printables on her website as well as great recipes and strategies for success at veganfamilykitchen.com.   ============================== FOLLOW THE SHOW ON: YouTube: https://www.youtube.com/@plantbasedbriefing     Spotify: https://open.spotify.com/show/2GONW0q2EDJMzqhuwuxdCF?si=2a20c247461d4ad7 Apple Podcasts: https://podcasts.apple.com/us/podcast/plant-based-briefing/id1562925866 Your podcast app of choice: https://pod.link/1562925866 Facebook: https://www.facebook.com/PlantBasedBriefing   LinkedIn: https://www.linkedin.com/company/plant-based-briefing/   Instagram: https://www.instagram.com/plantbasedbriefing/   

For investors looking to make sense of housing-related assets amidst changes in Fed policy stance, our co-heads of Securitized Product Research Jay Bacow and James Egan offer their perspective on mortgage rates and the market.Read more insights from Morgan Stanley.----- Transcript ----- James Egan: Welcome to Thoughts on the Market. I'm Jim Egan, co-head of Securitized Products Research at Morgan Stanley.Jay Bacow: I'm Jay Bacow, the other co-head of Securitized Products Research at Morgan Stanley.Today we're talking about the Fed, mortgage rates and the implications to the housing market.It's Monday, September 15th at 11:30am in New York.Now Jim, the Fed is meeting on Wednesday, and both our economists and the market are expecting them to cut rates in this meeting – and continue to cut rates at least probably two more times in 2025, and multiple times in 2026. We've talked a lot about the challenges and the affordability in the U.S. homeowners' market, in the U.S. mortgage market.Before we get into what this could help [with] the affordability challenges, how bad is that affordability right now?James Egan: Sure. And as we've discussed on this podcast in the past, one of the biggest issues with the affordability challenges in the U.S. housing market specifically is how it's fed through to supply issues as the lock-in effect has kept homeowners with low 30-year mortgage rates from listing their homes.But just how locked in does the market remain today? The effective rate on the outstanding mortgage market, kind of the average of the mortgages outstanding, is below 4.25 percent. The prevailing rate for 30-year mortgages today is still over 6.25 percent, so we're talking about two full percentage points, 200 basis points outta the money.Jay Bacow: And that seems like a lot. Has it been that way in the past?James Egan: If we look at roughly 40 years of data ending in 2022, the market was only 100 basis points outta the money for eight individual quarters. The most it was ever out of the money was 135 basis points. We have now been more than 200 basis points out of the the money for three entire years, 12 consecutive quarters. So, this is very unprecedented in the past several decades.But Jay, our economists are calling for Fed cuts, the market's pricing in Fed cuts. How much lower is the mortgage rate going for these affordability equations?Jay Bacow: We actually don't think that the Fed cutting rates necessarily is going to cause the mortgage rate to come down at all. And one way we can think about this is if we look at it, the Fed has already cut rates 100 basis points over the past year, and since the Fed has cut rates 100 basis points in the past year, the mortgage rate is 25 basis points higher.James Egan: Okay, so if I'm not going to be looking at Fed funds for the path of mortgage rates going forward, I have two questions for you.One, what part of the Treasury term structure should I be looking at? And two, you talked about the market pricing in Fed cuts from here. What is the market saying about where those rates will be in the future?Jay Bacow: So, mortgage rates are much more sensitive to the belly of the Treasury curve. Call it the 5- and 10-year portions than Fed funds. They have a little bit of sensitivity to the third year note as well. And when we think about what the market is expecting those portions of the Treasury curve to do, I apologize, I'm going to have to nerd out. Fortunately, being a nerd comes very naturally to me.If you look at the spread between the 5- and the 10-year portion of the treasury curve, 10 years yield about 50 basis points more than the 5-year note. So, you think about it, an investor could buy a 10-year note now. Or they could buy a 5-year note now and then another 5-year note in five years, and they should expect to get the same return if they do either one.So, if they buy the 10-year note right now at 50 basis points above where the 5-year note is. Or they buy the 5-year note, right now, the 5-year note in five years would have to yield 100 basis points above to get the average to be the same. Well, if the 5-year note in five years is 100 basis points above where the 5-year note is right now, mortgage rates are also probably going to be higher in five years.James Egan: Okay, so that's not helping the affordability issues. What can be done to lower mortgage rates from here?Jay Bacow: Well, going back to my inner nerd, if you brought the 5- and 10-year Treasury yields down, that would certainly be helpful. But mortgage rates aren't just predicated on where the Treasury yields are.There's also a risk premium on top of that. And so, if the mortgage originators can sell those loans to other investors at a tighter spread, that would also help bring the rate down. And there are things that can be done on that front. So, for instance, if the capital requirements for investors to own those mortgages go down, that would certainly be helpful.You could try to incentivize investors in a number of different ways, that's one front. But in reality, a lot of these fees are already sort of stuck in place. So, there's only so much that can be done.Now, Jim, let's suppose. I am wrong. I've been wrong in the past. A lot of times with you. I thought the Patriots were gonna beat the Giants in both Super Bowls. Somehow Eli Manning proved me wrong.However, if the mortgage rate does come down, how much does it have to come down for housing activity to start picking up?James Egan: So, this is a question we get asked roughly six to seven times a day…Jay Bacow: How did Eli Manning beat the Patriots?James Egan: How far mortgage rates have to come down in order to really get housing sales started again. And because of the backdrop of today's housing and mortgage markets that we laid out at the top of this podcast, it's really difficult to empirically point to a mortgage rate and calculate this is where rates have to fall to.So, what we have been doing instead is looking at historic periods of affordability improvement, and seeing how much do we need to get that affordability ratio down to get a sustainable growth in sales volumes from here.Jay Bacow: All right. And how much do we have to get that affordability ratio down?James Egan: So, a sustainable increase; historically, we've needed about a 10 percent improvement in the affordability ratio…Jay Bacow: Alright, help me out here. I think about mortgage payments as more of a function of the rate level. So, if we're in the context of like 6.25, 6.5 right now, how far does the mortgage rate need to drop to get a 10 percent improvement? Assuming that there's no change in borrower's income or home prices.James Egan: In that world, we think you need about 100 basis point move. It would take the 30-year mortgage rate to call it, 5.5 percent.Jay Bacow: All right, so if mortgage rates go to 5.5 percent, then we're going to immediately see housing activity pickup.James Egan: That is not exactly what we're saying. What we've seen is the 10 percent improvement is enough to get sustainable growth in sales volumes. A year after you start to see that real improvement, the contemporaneous moves can be up, they can be down. Given what our economists are saying for the labor market going forward, what they're saying for growth in the United States, we do think you can see a little bit of contemporaneous growth.If you start to see that 100 basis point move in mortgage rates now, we think you'll get about a 5 percent increase in purchase volumes as we move through 2026 with the potential for upward inflection in 2027 from that 5 percent growth number – again, if we get that move in mortgage rates.Jay Bacow: Alright, so we expect the Fed to cut rates about 150 basis points over the next year and a half. It doesn't necessarily have to bring the mortgage rate down. But if the mortgage rate does go down to in the context of 5.5 percent, we should start to get a pickup in housing activity maybe the year after that.Jim, always a pleasure talking to you.James Egan: Pleasure talking to you too, Jay. And to all of you regularly hearing us out, thank you for listening to another episode of Thoughts on the Market.Jay Bacow: Please leave us a review or a like wherever you get this podcast and share your Thoughts on the Market with a friend or colleague today.James Egan: Go smash that subscribe button.

Alternatives to surgery for venous insufficiency; AI “hallucinates” a never-before-seen brain region in crucial test; Vegetarian complains she is prone to falling; Could tinnitus be triggered by electromagnetic fields from lighting, devices? Cannabis derivatives improve sleep where drugs fail; A novel way of treating chronic nasal infections—with snot transplants! Mitochondrial dysfunction found to be the key to heart, brain problems.

Welcome to a new week here on the Retirement Quick Tips podcast! I'm your host, Ashley Micciche. This week on the podcast, we're looking at private equity and cryptocurrencies as investment options in your 401k - is this a big opportunity or a hard pass?  On August 7, 2025, President Trump signed an executive order titled Democratizing Access to Alternative Assets for 401(k) Investors. This order paves the way for allowing 401(k) plans to include alternative investments like cryptocurrency and private investments in 401(k) plans. Which begs the question: Is this a good idea for investors? Alternatives and private investments have a track record of higher fees, illiquidity, and higher risk for investors. Their complexity could create problems and additional risks for investors if 401(k) plan trustees eventually move to add these investments to their plan offerings.  So let's explore this a little more, because you might see these options popping up in your 401ks in the near future, and it's important to think through the potential benefits and risks so you can make the right decision about how to invest your 401k for your retirement.    Next Monday, I'll be back with a new theme - at this point, the Fed will almost certainly lower interest rates when they meet this week, and by the time you're listening to this episode, perhaps they already have. So we'll talk about what that means for inflation, bonds, stocks, mortgage rates, and your retirement next week.    I hope you have a blessed week. My name is Ashley Micciche, this is the Retirement Quick Tips Podcast.

[Part 1] 11 Tips For Beginners To Replace Eggs With More Nutritious Whole Foods Alternatives (With Suggested Recipes) Brigitte Gemme shares tips about how to replace eggs in cooking - in both egg-centric dishes (e.g., omelets) and in those recipes where they play a support role (baking). The best part is that eggs can be substituted with whole food ingredients that are far more nutritious and health promoting. Written by Brigitte Gemme at Vegan Family Kitchen. #vegan #plantbased #plantbasedbriefing #wfpb #eggs #replaceeggs #veganeggs #plantbasedeggs ======================= Original post: https://veganfamilykitchen.com/replace-eggs/  ===================== Book: Flow In the Kitchen: Practices for Healthy Stress-Free Vegan Cooking Brigitte offers delicious whole food plant based weekly meal plans to make meal planning and batch cooking easier! No need to worry about “what's for dinner?” anymore. You can try a one-week plan for free. She also offers free templates and printables on her website as well as great recipes and strategies for success at veganfamilykitchen.com. Brigitte Gemme is a vegan food educator, meal planner, and coach. After a PhD in sociology of higher education and a 15-year career in research management, she got impatient with the slow pace of planet-friendly change and decided to help individuals live a gentler life. She offers delicious whole food plant based weekly meal plans to make meal planning and batch cooking easier! No need to worry about “what's for dinner?” anymore. You can try a one-week plan for free. She also offers free templates and printables on her website as well as great recipes and strategies for success at veganfamilykitchen.com.   ============================== FOLLOW THE SHOW ON: YouTube: https://www.youtube.com/@plantbasedbriefing     Spotify: https://open.spotify.com/show/2GONW0q2EDJMzqhuwuxdCF?si=2a20c247461d4ad7 Apple Podcasts: https://podcasts.apple.com/us/podcast/plant-based-briefing/id1562925866 Your podcast app of choice: https://pod.link/1562925866 Facebook: https://www.facebook.com/PlantBasedBriefing   LinkedIn: https://www.linkedin.com/company/plant-based-briefing/   Instagram: https://www.instagram.com/plantbasedbriefing/     

How on earth can a neck injection eliminate teeth sensitivity? Can a patient's tooth sensitivity really be linked to their occlusion? Is occlusal adjustment ever indicated for sensitivity? And what's the actual mechanism behind those cases where everything looks fine — no cracks, no significant wear, no exposed dentine — yet the patient still complains their teeth are sensitive? In this episode, Dr. Nick Yiannios shares the concept of Sympathetic Dentin Hypersensitivity (SDH), a groundbreaking way of understanding sensitivity that goes beyond the usual suspects like caries, erosion, or leakage. We dive into how the sympathetic nervous system in the pulp can drive unexplained pain, why traditional approaches often fail, and how objective tools like T-Scan and EMG can reveal what articulating paper misses. This could completely change the way you diagnose and manage those “mystery” sensitivity cases that just don't add up. https://youtu.be/a2Mg72Y_zkw Watch PDP240 on Youtube Protrusive Dental Pearl: When fitting a resin-bonded bridge (RBB), if you're unsure about the fit and cement gap, use light-bodied PVS on the intaglio surface of the wing. After setting and peeling it away, the thickness of the PVS shows you the expected cement layer. Ideally, it should be thin and even; a thicker area highlights where your gap is excessive. Key Takeaways: The T-scan technology revolutionizes occlusal analysis. Sensitive teeth can be linked to occlusion and bite adjustments. Frictional dental hypersensitivity (FDH) is a key concept in understanding sensitivity. Sympathetic responses may contribute to dental hypersensitivity. Innovative treatments include laser therapy and ozone application. Addressing root causes is essential for long-term solutions. Dentists should explore literature for new insights and techniques. Critical thinking is vital in dental practice. Advanced technology can enhance patient care and outcomes. Objective data is essential for effective occlusal adjustments. Understanding joint function is crucial for dental health. Differentiating between types of dental hypersensitivity is important. The sympathetic nervous system plays a significant role in dental pain. Educating patients about their conditions fosters better outcomes. The beaker of pain concept helps in understanding patient symptoms. Continuous learning is vital for dental professionals. Objective metrics are necessary for accurate diagnosis and treatment. Highlights of this episode: 00:00 Teaser 00:39 Intro 03:51 Protrusive Dental Pearl 05:42: Dr. Nick Yiannios' Journey and Innovations 07:46 T-Scan and Digital Occlusal Analysis 08:29 FIRST INTERJECTION 13:46 T-Scan and Digital Occlusal Analysis 14:07 Discovery of Occlusion–Sensitivity Link 20:44 Second interjection 24:25 Student Case – Sensitivity from a Bridge 26:04  Dentine Hypersensitivity 28:39 Cervical Dentine Hypersensitivity 30:44 The Role of Lasers and Ozone in Dental Treatment 35:24 Alternatives for Dentists Without Lasers 43:12 Alternatives for Dentists Without Lasers 44:00 Frictional Dental Hypersensitivity Explained 47:15 The Importance of T-Scan in Dentistry 50:57 Neck Blocks and Sympathetic Responses. 58:24 Third interjection 01:00:01 Neck Block Mechanism 01:12:34 The Beaker of Pain Concept 01:14:38 Fourth interjection 01:16:23 The Beaker of Pain Concept 01:16:59 Community and Collaboration 1:20:57 Outro Curious to dive deeper?You can explore more of Dr. Nick's work and insights through these resources: Upcoming course: CNO6 – Sympathetics in Dentistry: The Missing Link in General & Specialty Practice AES (American Equilibration Society) – check out their upcoming conference for world-class learning in occlusion and TMD. CNO – Center for Neural Occlusion Facebook community: Neural Occlusion YouTube channel: Dr.

I'm excited to reshare one of our most-played conversations—the one where Norwegian regulator/HTA leader Anja Schiel and I get very practical about when single-arm trials fail decision-makers and what comparative, smarter alternatives look like for regulators, HTA bodies, payers, clinicians, and—most importantly—patients.

If Marc Guehi is a market opportunity, who are the pure profile fits Liverpool have tracked? Dave Davis and Dr Phil Barter rank four centre-backs discussed on the show: • Jan Paul van Hecke • Konstantinos Koulierakis • Nico Schlotterbeck • Jérémy Jac Learn more about your ad choices. Visit podcastchoices.com/adchoices

About 1-in-6 Americans suffer from an Autoimmune Disease, which is actually a growing problem.  In this episode, we talk about:—How Dr. Prather's career was inspired by his own battle with Graves' Disease, which is an Autoimmune Disease.  And why making sure the Atlas is in proper place is "critical" for Autoimmune Disease and needs to be corrected first before there can be any progress.—The various categories of Autoimmune Disease:  Joints and Muscles (Rheumatoid Arthritis, Lupus, Myositis), Skin and Blood Vessels (Sjogren's Syndrome, Psoriatic Arthritis, Vitiligo), Digestive (Celiac Disease, Crohn's Disease, Ulcerative Colitis), the Endocrine System (Type I Diabetes, Addison's Disease, Hashimoto's, Thyroiditis, Graves' Disease), the Nervous System (Multiple Sclerosis, Myasthenia Gravis, Guillain-Barre), the Lymphatic System (Fibromyalgia), and many more.—The different infections that can kick off Autoimmune Disease, including Viruses, Bacteria, Parasitic, or Fungal.   And how Heavy Metal Toxicities and Stress can cause of Autoimmune Disease.—Why the underlying cause of the Autoimmune Disease is more important to determine in Dr. Prather's Structure-Function Health Care model, while the Disease Care approach focuses on managing and suppressing the symptoms.  And the "huge" role that the Gut plays in Autoimmune Diseases.—The new cutting-edge area of drugs called Biologics and how they work.  And how Vaccines are actually classified as Biologics.—How Immunosuppressant Drugs can be helpful and life-saving, but can also increase your chances of Cancer and a shortened life-span.  And why Dr. Prather says, "The more drugs that you take, the longer you take them, the more likely you are to have an issue."—Why your ability to fight infections, viruses, fungal, and parasites "go way down" if you are taking an Immunosuppressant Drug.—How Dr. Prather himself and many of his patients are a "testament" that Medical Doctors are wrong when taught to believe that there is no hope of getting well from Autoimmune Disease.  And how the Structure-Function Care results he sees in his office disprove the Medical model's belief that symptoms should just be managed and that the patient will always get worse.—Why Dr. Prather says "we're not going to get anywhere" with an Autoimmune Disease if you have Heavy Metal toxicity.  And the importance of thorough diagnostics in Structure-Function Care to determine the root cause of the Autoimmune Disease that needs to be corrected.—The effectiveness of Structure-Function Care, which is "the only way you're going to make headway in an Autoimmune Disease".  And the reason Homeopathics are described by Dr. Prather as "a real key" for making dramatic changes in Autoimmune Disease.http://www.TheVoiceOfHealthRadio.com

Welcome back to today's Friday Review where I'll be breaking down the best of the week!     I'll be sharing specifics on these topics:     Healthier Chocolate Alternatives (product review) Mini Movement "Snacks" (research) Birth Control & Cancer Risk (research)     For all the details tune in to today's Cabral Concept 3507 – Enjoy the show and let me know what you thought!   - - - For Everything Mentioned In Today's Show: StephenCabral.com/3507 - - - Get a FREE Copy of Dr. Cabral's Book: The Rain Barrel Effect - - - Join the Community & Get Your Questions Answered: CabralSupportGroup.com - - - Dr. Cabral's Most Popular At-Home Lab Tests: > Complete Minerals & Metals Test (Test for mineral imbalances & heavy metal toxicity) - - - > Complete Candida, Metabolic & Vitamins Test (Test for 75 biomarkers including yeast & bacterial gut overgrowth, as well as vitamin levels) - - - > Complete Stress, Mood & Metabolism Test (Discover your complete thyroid, adrenal, hormone, vitamin D & insulin levels) - - - > Complete Food Sensitivity Test (Find out your hidden food sensitivities) - - - > Complete Omega-3 & Inflammation Test (Discover your levels of inflammation related to your omega-6 to omega-3 levels) - - - Get Your Question Answered On An Upcoming HouseCall: StephenCabral.com/askcabral - - - Would You Take 30 Seconds To Rate & Review The Cabral Concept? The best way to help me spread our mission of true natural health is to pass on the good word, and I read and appreciate every review!  

Online crime is accelerating, making cybersecurity a fast-growing and resilient investment opportunity. Our Cybersecurity and Network and Equipment analyst Meta Marshall discusses the key trends driving this market shift.Read more insights from Morgan Stanley.----- Transcript ----- Welcome to Thoughts on the Market. I'm Meta Marshall, Morgan Stanley's Cybersecurity and Network and Equipment Analyst. Today – the future of digital defense against cybercrime. It's Friday, September 12th, at 10am in New York.Imagine waking up to find your bank account drained, your business operations frozen, or your personal data exposed – all because of a cyberattack. Today, cybersecurity isn't an esoteric tech issue. It impacts all of us, both as consumers and investors. As the digital landscape grows increasingly complex, the scale and severity of cybercrime expand in tandem. This means that even as companies spend more, the risks are multiplying even faster. For investors, this is both a warning and an opportunity.Cybersecurity is now a $270 billion market. And we expect it to grow at 12 percent per year through 2028. That's one of the fastest growth rates across software. And here's another number worth noting: Chief Information Officers we surveyed expect cybersecurity spending to grow 50 percent faster than software spending as a whole. This makes cybersecurity the most defensive area of IT budgets—meaning it's least likely to be cut, even in tough times.This hasn't been lost on investors. Security software has outperformed the broader market, and over the past three years, security stocks have delivered a 58 percent return, compared to just 22 percent for software overall and 79 percent for the NASDAQ. We expect this outperformance against software to continue as AI expands the number of ways hackers can get in and the ways those threats are evolving.Looking ahead, we see a handful of interconnected mega themes driving investment opportunities in cybersecurity. One of the biggest is platformization – consolidating security tools into a unified platform. Today, major companies juggle on average 130 different cyber security tools. This approach often creates complexity, not clarity, and can leave dangerous gaps in protection particularly as the rise of connected devices like robots and drones is making unified security platforms more important than ever.And something else to keep in mind: right now, security investments make up only 1 percent of overall AI spending, compared to 6 percent of total IT budgets—so there's a lot of room to grow as AI becomes ever more central to business operations. In today's cybersecurity race, it's not enough to simply pile on more tools or chase the latest buzzwords. We think some of the biggest potential winners are cybersecurity providers who can turn chaos into clarity. In addition to growing revenue and free cash flow, these businesses are weaving together fragmented defenses into unified, easy-to-manage platforms. They want to get smarter, faster, and more resilient – not just bigger. They understand that it's key to cut through the noise, make systems work seamlessly together, and adapt on a dime as new threats emerge. In cybersecurity, complexity is the enemy—and simplicity is the new superpower. Thanks for listening. If you enjoy the show, please leave us a review wherever you listen and share Thoughts on the Market with a friend or colleague today.

   — Ravi Wadan, the founder of DriveMatch.com, discusses pre-negotiated car leases and the benefits of leasing online.    — Nik Johnson of EverydayMoneyHeroes.com, who talks about overcoming the challenges that keep many families from building generational wealth, and how it is small daily moves or changes have impacts that can last for decades on families.    — Gwen Merz Joiner, the original "fiery millennial," who aggressively scrimped and saved in her 20s to "retire early," only to find herself miserable. The co-host of the FIRE Takes podcast, changed her lifestyle, found happiness and a job she loves, but who is now turning 35 and looking at using the financial groundwork she laid as a cornerstone to answering the question "What's next?"    — Adam Bergman, founder of IRA Financial, who discusses how investors have been using alternative assets from cryptocurrency to real estate to private equity in self-directed IRAs, but who will now find access to those asset classes in their 401(k) plans thanks to recent law changes. He discusses how retirement portfolios have changed as those assets have become more available.    — Plus, Fridays on Money Life start with "The NAVigator," and today John Cole Scott, president of CEF Advisors, sizes up[ the times when an investor might pick (or mix-and-match) owning a closed-end fund versus an ETF or a fund-of-funds that covers the same asset class.

Ever worked with a leader who treated everything as "urgent" until nothing felt important anymore? In this conversation with Drew Lints, founder of Revflow Growth Partners, Cam and Otis explore the human side of business systems and how the right tools can actually help leaders care for their people better."At the end of the day, we want to accomplish the thing that I was so bad at early on—keeping track of everyone, making sure that they're cared for," Drew explains, revealing how his own leadership journey shaped his approach to CRM and business systems.From discussing the fine line between genuine urgency and manufactured pressure to exploring alternatives to expensive enterprise solutions like Salesforce and HubSpot, this episode offers practical insights for leaders looking to grow without losing the human connection. Drew shares how simple tools—even just an Excel spreadsheet with names and personal details—can transform how leaders engage with their teams and clients.Whether you're scaling a business, leading a team, or just trying to bring more intentionality to your work, Drew's approach to "efficiency creates clarity, and clarity unlocks growth" offers a refreshing perspective on how technology can enhance rather than replace human connection.More About Drew:I help organizations unlock growth by building smarter systems, clearer strategies, and more efficient workflows. As Founder & CEO of Revflow Growth Partners, I bring over 25 years of experience in coaching, consulting, and revenue leadership.My journey began in 1999, leading people, building teams, and driving mission-focused growth. Those years shaped my passion for aligning vision with strategy and creating systems that help people flourish.In 2023, I launched Revflow to scale that mission. Today, we design CRMs, automations, and growth systems that eliminate waste, create clarity, and drive lasting results. I also provide fractional CRO services, helping companies accelerate revenue and scale without the cost of a full-time executive.At my core, I believe efficiency creates clarity, and clarity unlocks growth.#10xyourteam #LeadershipWithHeart #HumanCenteredGrowth #BusinessSystems #TeamEngagement #IntentionalLeadership #EfficiencyUnlocksGrowth #ClarityInAction #SmartWorkflows #LeadWithPurpose #ScalingWithCareChapter Times and Titles:The Technology Struggle Is Real [00:00 - 05:00]Cam's equipment troubles and planning lessonsIntroduction to Drew Lints and RevflowSetting the stage for systems discussionFinding the Balance in Urgency [05:01 - 15:00]The challenge of determining what's truly urgent"I'm always everything is urgent" - Drew's honest admissionHow leaders can better prioritize for their teamsKeeping Track of Everyone [15:01 - 25:00]Drew's early leadership strugglesFrom simple spreadsheets to robust CRMsThe core purpose: making sure people are cared forRight-Sized Tools for Growth [25:01 - 35:00]Alternatives to expensive enterprise solutions"They cost a lot and they have a lot of stuff that as a small business you don't need"Finding the right tool for your specific situationWhen Systems Meet Ego [35:01 - 45:00]The irony of mission-focused leaders getting wrapped up in themselvesHow good systems can keep the focus on peopleBalancing process with purposeConnecting with Revflow [45:01 - End]RevflowPartners.io introductionHow to schedule time with DrewFinal thoughts on creating systems that serve peopleDrew Lintshttps://www.linkedin.com/in/drew-lints-45bb9045/https://revflowpartners.io/

I Spent Months Researching Alternatives to Bird Feathers. Spoiler: It's Possible “What if, instead of plucking ostriches to use their feathers in fashion, designers sought to celebrate the qualities of plummage with alternative materials that don't exploit animals? That's what Emma Håkansson, founding director of Collective Fashion Justice, has spent months working with designers to do, trialling new ways to create the texture. Here, Håkansson discusses why this is a pressing animal welfare issue, and the new techniques and materials designers should know.” Listen to today's success story written by Emma Håkansson at GoodOnYou.eco #vegan #plantbased #plantbasedbriefing #ethicalfashion #collectivefashionjustice #ostrichfeathers  ========================== Original post:  https://goodonyou.eco/more-ethical-bird-feather-alternatives/  ========================== Related Episodes: 573: [Part 1] The Human Rights Issues Behind Fashion's Animal Supply Chains https://sites.libsyn.com/342677/573-part-1-the-human-rights-issues-behind-fashions-animal-supply-chains-by-emma-hkansson-at-goodonyoueco 574: [Part 2] The Human Rights Issues Behind Fashion's Animal Supply Chains https://sites.libsyn.com/342677/574-part-2-the-human-rights-issues-behind-fashions-animal-supply-chains-by-emma-hkansson-at-goodonyoueco  518: Fashion and Animal Welfare: Everything You Should Know Before You Buy https://sites.libsyn.com/342677/518-fashion-and-animal-welfare-everything-you-should-know-before-you-buy-by-lara-robertson-at-goodonyoueco  472: The Environmental Impact of Animal Products in Fashion https://sites.libsyn.com/342677/472-the-environmental-impact-of-animal-products-in-fashion-by-joanna-psaros-at-goodonyoueco  315: Is Down Feather Ethical and Sustainable? https://sites.libsyn.com/342677/315-is-down-feather-ethical-and-sustainable-by-emma-hakansson-at-goodonyoueco  Use search feature at https://www.plantbasedbriefing.com/episodes-search   ========================= Good on You is the world's leading source for fashion brand ratings. They're a group of campaigners, fashion professionals, scientists, writers and developers who care for our planet, people and animals and help drive the whole industry to become more sustainable and fair.  They help us understand we can all play a part in driving fashion to be more sustainable and ethical - by choosing to wear clothes from ethical labels; and by re-wearing, recycling, swapping and thrifting.  =========================  FOLLOW THE SHOW ON: YouTube: https://www.youtube.com/@plantbasedbriefing     Spotify: https://open.spotify.com/show/2GONW0q2EDJMzqhuwuxdCF?si=2a20c247461d4ad7 Apple Podcasts: https://podcasts.apple.com/us/podcast/plant-based-briefing/id1562925866 Your podcast app of choice: https://pod.link/1562925866  Facebook: https://www.facebook.com/PlantBasedBriefing     LinkedIn: https://www.linkedin.com/company/plant-based-briefing/   Instagram: https://www.instagram.com/plantbasedbriefing/      

Is your mouthwash, toothpaste, or morning routine actually harming your oral health? In this conversation with Katie Lee, we explore the surprising truth about swishing water vs. mouthwash, the hidden risks of essential oils and oil pulling, and the heated debate on fluoride in toothpaste and tap water. Dr. Katie LeeListen to the full episode⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.Watch the full episode on YouTube ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.⁠⁠⁠⁠***This episode is sponsored by Spatone – the No.1 iron-rich water supplement.This is a product I genuinely believe in — one I've used personally and recommended in the clinic for years. Spatone is a natural iron-rich water that's incredibly gentle on the stomach. No harsh tablets, no digestive upset — just one naturally sourced ingredient that works.If you're looking for iron support that actually feels good to take, this is the one I trust. You can pick up Spatone at Boots: ⁠⁠⁠⁠⁠⁠⁠⁠⁠Spatone Apple Daily Iron Shots + Vitamin C 28 Sachets - Boots⁠⁠⁠⁠⁠⁠⁠⁠⁠**This episode is also sponsored by London Nootropics, the best-in-class adaptogenic coffee I trust. Made with Hifas da Terra mushroom extracts, it supports focus, calm, and energy, and helps you stay sharp throughout the day. Enjoy 20% off with code LIVEWELLBEWELL at ⁠⁠⁠⁠⁠⁠⁠⁠⁠londonnootropics.com⁠⁠⁠⁠⁠⁠⁠⁠⁠***If you enjoyed this episode you might also like:The No.1 Oral Microbiome Expert: How Your Mouth Could Be Causing Infertility! | Dr. Katie Leehttps://www.youtube.com/watch?v=J3BCy4e5co4***Sign up to Sarah's Compassionate Cure newsletter: Science Simplified, Health Humanised. Join thousands in exploring actionable insights that prioritise compassion, clarity, and real-life impact. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://sarahmacklin.substack.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠***Let's be friends!

Our Chief Asia Economist Chetan Ahya discusses how the evolving trade relationship between India and China could redefine global supply chains and unlock new investment opportunities.Read more insights from Morgan Stanley.----- Transcript ----- Welcome to Thoughts on the Market. I'm Chetan Ahya, Morgan Stanley's Chief Asia Economist. Today – one of the most important economic relationships of our time: India and China. And what the future may hold. It's Thursday, September 11th at 2 pm in Hong Kong.Trade dynamics between India and China are evolving rapidly. They are not just shaping their own futures. They are influencing global supply chains and investment flows. India's trade with China has nearly doubled in the last decade. India's bilateral trade deficit with China is its largest—currently at U.S. $120 billion. On the flip side, China's trade surplus with India is the biggest among all Asian economies. We expect this trade relationship to deepen given economic imperatives. India needs support on tech know-how, capital goods and critical inputs; and China needs to capitalize on growth opportunities in the second largest and fastest growing EM. Let's explore these issues in turn. India needs to integrate itself into the global value chain. And to do that, India needs Foreign Direct Investment from China, much like how China's rise was fueled by Foreign Direct Investment from the U.S., Europe, Japan, and Korea, which brought the technology and expertise. For India, easing restrictions on Chinese FDI could be a game-changer, enabling the transfer of tech know-how and boosting manufacturing competitiveness. Now, China is the world's manufacturing powerhouse. It accounts for more than 40 percent of the global value chain—far ahead of the U.S. at 13 percent and India at just 4 percent. The global goods trade is increasingly focused on products higher up the value chain—think semiconductors, EVs, EV batteries, and solar panels. And China is the top global exporter in six of eight key manufacturing sectors. To put it quite simply, any economy that is looking to increase its participation in global value chains will have to increase its trade with China. For India, this means that it must rely on Chinese imports to meet its increasing demand for capital goods as well as critical inputs that are necessary for its industrialization. In fact, this is already happening. More than half of India's imports from China and Hong Kong are capital goods—i.e. machinery and equipment needed for manufacturing and infrastructure investment. Industrial supplies make [up] another third of the imports, highlighting India's dependence on China for critical inputs. From China's perspective, India is the second largest and fastest-growing emerging market. And with U.S.-China trade tensions persisting, China is diversifying its exports markets, and India represents a significant opportunity. One way Chinese companies can capture this growth opportunity is to invest in and serve the domestic market. Chinese mobile phone companies have already been doing this and whether this can broaden to other sectors will depend on the opening up of India's markets. To sum up, India can leverage on China's strengths in manufacturing and technology while China can utilize India's vast market for exports and investment.However, there's a caveat: geopolitics. While economic imperatives point to deeper trade and investment ties, political developments could slow progress. Investors should watch this space closely and we will keep you updated on key developments. Thanks for listening. If you enjoy the show, please leave us a review wherever you listen and share Thoughts on the Market with a friend or colleague today.

Chicago area songwriter Joe Goodkin has, at the time of this posting, 14 records to his credit - some solo, some with his band Paper Arrows. Two of his projects are ambitious retellings of Homer's The Odyssey and The Illiad and he has toured these records in every state in the US and abroad as well.Get to know Joe and hear an as of yet unreleased song in this performance and conversation with a modern bard.Songs written by Joe Goodkin:Somebody Loved (The Invocation)Hands of Grief (Priam to Achilles) What Kind of Love (Patroclus to Achilles)Winedark LifeMore information about Joe:https://www.joegoodkin.com/All things Acoustic Alternatives including how to support my efforts on Patreon:https://johnmbommarito.wixsite.com/johnbommarito/acoustic-alternativesAll the love goes to my host Grove Studios without whom none of this happenshttps://grovestudios.space/

America opts for ill health. Hosted on Acast. See acast.com/privacy for more information.

Join Mike, Pam and Rikki as we answer your Listener Questions on today's show!  Today we discuss a Mother/Daughter trip to Walt Disney World for the Wine & Dine Races and talk about some things to do after the runs to celebrate! We also talk about making ADRs with a split-stay, give some thoughts on what a "1st Empty Nest" escape to Walt Disney World can be like after the kids head off to college, and have a long discussion on cookies around Walt Disney World! This and more on today's show! Come join the BOGP Clubhouse on our Discord channel at www.beourguestpodcast.com/clubhouse!  Thank you so much for your support of our podcast! Become a Patron of the show at www.Patreon.com/BeOurGuestPodcast.  Also, please follow the show on Twitter @BeOurGuestMike and on Facebook at www.facebook.com/beourguestpodcast.   Thanks to our friends at The Magic For Less Travel for sponsoring today's podcast!

Our Metals & Mining Commodity Strategist Amy Gower discusses her bullish outlook for gold and what the metal's rally in 2025 says about inflation, central banks, and global risk.Read more insights from Morgan Stanley.----- Transcript -----Welcome to Thoughts on the Market. I'm Amy Gower, Morgan Stanley's Metals & Mining Commodity Strategist. Today, we're talking about gold, a metal that's more than just a safe haven for investors, and what it tells us about the global economy and markets right now.It's Wednesday, September 10th, at 3pm in London. Gold has always been the go-to asset in times of uncertainty. But in 2025, its role is evolving. Investors are watching gold not just as a hedge against inflation, but as a barometer for everything from central bank policy to geopolitical risk. When gold prices move, it's often a sign that something big is happening beneath the surface.Gold and silver have both already clocked up hefty year-to-date gains of 39 and 42 percent respectively. So, what's been driving this rally? Well, several factors stand out. For one, central banks are on track for another year of strong buying, with gold now representing a bigger share of central bank reserves than treasuries for the first time since 1996. This is a strong vote of confidence in gold's long-term value. Also, gold-backed Exchange-Traded Funds, or ETFs, saw inflows of $5 billion in August alone, with the year-to-date inflows the highest on record outside of 2020, signaling renewed interest from institutional investors too. With inflation still above target in many major economies, gold's appeal has been surprisingly resilient despite being a non-yielding asset. And investors are betting that central banks may soon have to cut rates, which could further boost gold prices. In fact, from here we see around 5 percent further upside to gold by year end to $3800/oz which would be a new all-time high. But there is one important wrinkle to consider. Keep in mind that while precious metals, especially gold, are primarily seen as a hedge and safe haven in times of macro uncertainty, jewelry is a big chunk of the overall precious metals market. It accounts for 40 percent of gold demand and 34 percent of silver demand. And right now how jewelry demand will evolve remains an unknown. In fact, jewelry demand is already showing signs of weakness. Second-quarter gold jewelry demand was the worst since the third quarter of 2020 as consumers reacted to high prices. Nonetheless, gold was able to hold onto its January-April gains, and silver continued to grind higher, supported by strong demand from the solar industry as well. However, until recently, the two metals were lacking catalysts for further gains. Now though this is changing, with both gold and silver poised to benefit from expected Fed rate cuts. Our economists expect the Fed to cut rates at the September meeting, for the first time since December 2024. And if we look back to the 1990s, on average gold and silver prices have risen 6 and 4 percent respectively in the 60 days following the start of a Fed rate-cutting cycle as lower yields make it easier for non-yielding assets to compete. Our FX strategists also expect further dollar weakness, which should ease some of the price pressures for holders of non-USD currencies, while India's imports of gold and silver already showed signs of improvement in July. The country is looking also to reform its Goods and Services tax, which could free up purchasing power for gold and silver ahead of festival and wedding season. Gold does tend to outperform after Fed rate cuts, and we would keep the preference for gold over silver, but our outlook for both metals remains positive. Of course, precious metals are not risk-free. Prices can be volatile, and if central banks surprise the market with higher interest rates, gold in particular could lose some of its luster. But for now, both gold and silver should continue to shine. Thanks for listening. If you enjoy the show, please leave us a review wherever you listen and share Thoughts on the Market with a friend or colleague today.

Many Americans struggle with the rising cost of healthcare. Analysts Terence Flynn and Erin Wright explain how AI might bend the cost curve, from Morgan Stanley's 23rd annual Global Healthcare Conference in New York.Read more insights from Morgan Stanley.----- Transcript -----Terence Flynn: Welcome to Thoughts on the Market. I'm Terence Flynn, Morgan Stanley's U.S. Biopharma Analyst.Erin Wright: And I'm Erin Wright, U.S. Healthcare Services Analyst.Terence Flynn: Thanks for joining us. We're actually in the midst of the second day of Morgan Stanley's annual Global Healthcare Conference, where we hosted over 400 companies. And there are a number of important themes that we discussed, including healthcare policy and capital allocation.Now, today on the show, we're going to discuss one of these themes, healthcare spending, which is one of the most pressing challenges facing the U.S. economy today.It is Tuesday, September 9th at 8am in New York.Imagine getting a bill for a routine doctor's visit and seeing a number that makes you do a double take. Maybe it's $300 for a quick checkup or thousands of dollars for a simple procedure.For many Americans, those moments of sticker shock aren't rare. They are the reality.Now with healthcare costs in the U.S. higher than many other peer countries on a percentage of GDP basis, it's no wonder that everyone – not just investors – is asking; not just, ‘Why is this happening?' But ‘How can we fix it?' And that's why we're talking about AI today. Could it be the breakthrough needed to help rein in those costs and reshape how care is delivered?Now I'm going to go over to you, Erin. Why is U.S. healthcare spending growing so rapidly compared to peer countries?Erin Wright: Clearly, the aging population in the U.S. and rising chronic disease burden here are clearly driving up demand for healthcare. We're seeing escalating demand across the senior population, for instance. It's coinciding with greater utilization of more sophisticated therapeutics and services. Overall, it's straining the healthcare system.We are seeing burnout in labor constraints at hospitals and broader health systems overall. Net-net, the U.S. spent 18 percent of GDP on healthcare in 2023, and that's compared to only 11 percent for peer countries. And it's projected to reach 25 to 30 percent of GDP by 2050. So, the costs are clearly escalating here.Terence Flynn: Thanks, Erin. That's a great way to frame the problem. Now, as we think about AI, where does that come in to help potentially bend the cost curve?Erin Wright: We think AI can drive meaningful efficiencies across healthcare delivery, with estimated savings of about [$]300 to [$]900 billion by 2050.So, the focus areas include here: staffing, supply chain, scheduling, adherence. These are where AI tools can really address some of these inefficiencies in care and ultimately drive health outcomes. There are implementation costs and risks for hospitals, but we do think the savings here can be substantial.Terence Flynn: Great. Well, let's unpack that a little bit more now. So, if you think about the biggest cost buckets in hospitals, where can AI help out?Erin Wright: The biggest cost bucket for a hospital today clearly is labor. It represents about half of spend for a hospital. AI can optimize staffing, reduce burnout with a new scribe and some of these scribe technologies that are out there, and more efficient healthcare record keeping. I mean, this can really help to drive meaningful cost savings.Just to add another discouraging data point for you, there's estimated to be a shortage of about 10,000 critical healthcare workers in 2028. So, AI can help to address that. AI tools can be used across administrative functions as well. That accounts for about 15 to 20 percent of spend for a hospital. So, we see substantial savings as well across drugs, supplies, lab testing, where AI can reduce waste and improve adherence overall.Terence Flynn: Great. Maybe we'll pivot over to the managed care and value-based care side now. How is AI being used in these verticals, Erin?Erin Wright: For a healthcare insurer – and they're facing many challenges right now as well – AI can help personalize care plans. And they can support better predictive analytics and ultimately help to optimize utilization trends. And it can also help to facilitate value-based care arrangements, which can ultimately drive better health outcomes and bend the cost curve. And ultimately that's the key theme that we're trying to focus on here.So, I'll turn it over to you, Terence, now. While hospitals and payers could see notable benefits from AI, the biopharma side of the equation is just as critical here. Especially when it comes to long-term cost containment. You've been closely tracking how AI is transforming drug development. What exactly are you seeing?Terence Flynn: Yeah, a number of key constituents are leaning in here on AI in a number of different ways. I'd say the most meaningful way that could help bend the cost curve is on R&D productivity. As many people probably know, it can take a very long time for a drug to reach the market anywhere from eight to 10 years. And if AI can be used to improve that cycle time or boost the probability of success, the probability of a drug reaching the market – that could have a meaningful benefit on costs. And so, we think AI has the potential to increase drug approvals by 10 to 40 percent. And if that happens, you can ultimately drive cost savings of anywhere from [$]100 billion to [$]600 billion by 2050.Erin Wright: Yeah, that sounds meaningful. How do you think additional drug approvals lead to meaningful cost savings in the healthcare system?Terence Flynn: Look, I mean, high level medicines at their best cure disease or prevent people from being admitted to a hospital or seeking care to doctor's office. Equally important medicines can get people out of the hospital quicker and back to contributing or participating in society. And there's data out there in the literature showing that new drugs can reduce hospital stays by anywhere from 11 to 16 percent.And so, if you think about keeping people out of hospitals or physician offices or reducing hospital stays, that really can result in meaningful savings. And that would be the result of more or better drugs reaching the market over the next decades.Erin Wright: And how is the FDA now supporting or even helping to endorse AI driven drug development?Terence Flynn: If companies are applying for more drug approvals here as a result of AI discovery capabilities without modernization, the FDA could actually become the bottleneck and limit the number of drugs approved each year.And so, in June, the agency rolled out an AI tool called Elsa that's looking to improve the drug review timelines. Now, Elsa has the potential to accelerate these timelines for new therapies. It can take anywhere from six to 10 months for the FDA to actually approve a drug. And so, these AI tools could potentially help decrease those timelines.Erin Wright: And are you actually seeing some of these biopharma companies actually investing in AI talent?Terence Flynn: Yes, definitely. I mean, AI related job postings in our sector have doubled since 2021. Companies are increasingly hiring across the board for a number of different, parts of their workflow, including discovery, which we just talked about. But also, clinical trials, marketing, regulatory – a whole host of different job descriptions.Erin Wright: So, whether it's optimizing hospital operations or accelerating drug discovery, AI is emerging as a powerful lever here – to bend the healthcare cost curve.Terence Flynn: Exactly. The challenge is adoption, but the potential is transformative. Erin, thanks so much for taking the time to talk with us.Erin Wright: Great speaking with you, Terence.Terence Flynn: And thanks everyone for listening. If you enjoy Thoughts on the Market, please leave us a review wherever you listen and share the podcast with a friend or colleague today.

Is hormone replacement therapy safe or risky? If you've been 10+ years post-menopause, the myths can feel overwhelming. Dr. Tabatha Barber, a functional gynecologist, joins me on today's episode to tackle one of the most common and misunderstood topics in women's health: hormone replacement therapy (HRT). We're separating fact from fiction, answering the big questions about HRT safety, whether it's too late to start after 10-15 years post-menopause, and what other options exist for women who prefer not to go the HRT route. Dr. Tabatha breaks down the benefits and risks of HRT, explaining the role estrogen plays in bone health, as well as how bioidentical hormones differ from synthetic hormones. She also shares tips on how to handle common symptoms like vaginal dryness. If you're wondering about your options for hormone balance and want to know what's best for your body, this episode is for you!   “Let me help you understand your body and give it what it needs. You can't heal a body you hate—you have to love it, and then it will change." ~ Dr. Tabatha Barber   In this episode:  - [03:32] - Functional vs conventional care - [09:52] - Impact of HRT on women's health - [14:20] - Is HRT safe? - [20:53] - Vaginal estrogen risks and benefits - [27:50] - How long is it safe to be on HRT? - [30:35] - Are there tests needed before HRT? - [36:24] - Alternatives to HRT - [39:43] - How gut health affects overall health - [40:52] - Midlife Reset Summit overview - [43:16] - How to work with Dr. Tabatha   Resources mentioned - Midlife Reset Summit - https://midliferesetsummit.com/signup?am_id=margie3712  - Dr. Tabatha's website - https://drtabatha.com/ - Free Osteoporosis Exercises to Strengthen Your Bones and Prevent Fractures - tinyurl.com/osteoporosisexercises   More about Margie - Website - https://margiebissinger.com/  - Facebook - https://www.facebook.com/p/Margie-Bissinger-MS-PT-CHC-100063542905332/  - Instagram - https://www.instagram.com/margiebissinger/?hl=en    DISCLAIMER – The information presented on this podcast should not be construed as medical advice. It is not intended to replace consultation with your physician or healthcare provider. The ideas shared on this podcast are the expressed opinions of the guests and do not always reflect those of Margie Bissinger and Happy Bones, Happy Life Podcast.   *In compliance with the FTC guidelines, please assume the following about links on this site: Some of the links going to products are affiliate links of which I receive a small commission from sales of certain items, but the price is the same for you (sometimes, I even get to share a unique discount with you). If I post an affiliate link to a product, it is something that I personally use, support, and would recommend. I personally vet each and every product. My first priority is providing valuable information and resources to help you create positive changes in your health and bring more happiness into your life. I will only ever link to products or resources (affiliate or otherwise) that fit within this purpose.

Following up our topic about “clicking” with watches, today we have a big discussion spurred by the fact that Ralf has always wanted an Omega Speedmaster, but has never been able to click with one. So for all of the people out there in Ralf's shoes, what are the best Speedmaster Moonwatch alternatives? What could you pick up that would scratch the same itch?Give us a follow, and feel free to reach out to us on Instagram: @lumeplottersOr… leave us an audio comment using the link below, and we may just play it in an upcoming episode: https://www.speakpipe.com/lumeplotters

Fiscal policy shifts, from taxes to tariffs, are steering global capital and trade flows. The US, for instance, is attracting investments despite the tariff headlines—illustrating how the impact of these policies continues to evolve. In a dynamic policy environment, taxes and tariffs could create new implications for asset classes, sectors, and market structures.  This episode of The Outthinking Investor explores macro implications from taxes and tariffs, how policy changes are shaping the way investors allocate capital, and why economic growth could be more resilient against higher tariffs than in the past.  Our guests are: Douglas Holtz-Eakin, President of the American Action Forum and former Director of the Congressional Budget Office Kimberly Clausing, professor of tax law and policy at UCLA School of Law and former lead economist in the US Treasury's Office of Tax Policy Jeffrey Young, Head of Investment Strategy for PGIM's quant team Do you have any comments, suggestions, or topics you would like us to cover? Email us at thought.leadership@pgim.com, or fill out our survey at PGIM.com/podcast/outthinking-investor. To hear more from PGIM, tune into Speaking of Alternatives, available on Spotify, Apple, Amazon Music, and other podcast platforms. Explore our entire collection of podcasts at PGIM.com.

Morgan Stanley's CIO and Chief U.S. Equity Strategist Mike Wilson discusses the outlook for U.S. stocks after Friday's nonfarm payroll data reinforced the thesis of a transition from a rolling recession to a rolling recovery.Read more insights from Morgan Stanley.----- Transcript -----Welcome to Thoughts on the Market. I'm Mike Wilson, Morgan Stanley's CIO and Chief U.S. Equity Strategist. Today on the podcast I'll be discussing Friday's Payroll report and what it means for equities. It's Monday, Sept 8th at 11:30am in New York. So let's get after it. The heavily anticipated nonfarm payroll report on Friday supports our view that the labor market is weak. However, this is old news to the equity market as we have been discussing for months. First, the labor market data is perhaps the most backward-looking of all the economic series. Second, it's particularly prone to major revisions that tend to make the current data unreliable in real time, which is why the National Bureau of Economic Research typically declares a recession started at a time when most were unaware we were in one. Furthermore, history suggests these revisions are pro-cyclical, meaning they get more negative going into a recession and then more positive once the recovery's begun. It appears this time is no different. Indeed, Friday's revisions were better than last month's by a wide margin suggesting the labor market bottomed in the second quarter. This insight adds support to our primary thesis on the economy and markets that I have been maintaining for the past several years. More specifically, I believe a rolling recession began in 2022 and finally bottomed in April with the tariff announcements made on “Liberation Day.” After the initial phase of this rolling recession, that was led by a payback in Covid pull-forward demand in tech and consumer goods, other sectors of the economy went through their own individual recessions at different times. This is a key reason why we never saw the typical spike in the metrics used to define a traditional recession, although the revisions data is now revealing it more clearly. The historically significant rise in immigration post-covid and subsequent enforcement this year have also led to further distortions in many of these labor market measures. While we have written about these topics extensively over the past several years, Friday's weak labor report provides further evidence of our thesis that we are now transitioning from a rolling recession to a rolling recovery. In short, we're entering a new cycle environment and the Fed cutting interest rates will be key to the next leg of the new bull market that began in April. Central to our view is the notion that the economy has been much weaker for many companies and consumers over the past 3 years than what the headline economic statistics like nominal GDP or employment suggest. We think a better way to measure the health of the economy is earnings growth, and breadth; as well as consumer and corporate confidence surveys. Perhaps the simplest way to determine if an economy is doing well or not is to ask: is it delivering prosperity broadly? On that score, we think the answer is “no” given the fact that earnings growth has been negative for most companies over the past 3 years. The good news is that growth has finally entered positive territory the past 2 quarters. This coincides with the v-shaped recovery in earnings revisions breadth we have been highlighting for months. We think this supports the notion that the worst of the rolling recession is behind us and likely troughed in April. As usual, equity markets got this right and bottomed then, too. Now, we think a proper rate cutting cycle is likely and necessary for the next leg of this new bull market. Given the risk that the Fed may still be focused on inflation more than the weakness in the lagging labor market data, rate cuts may materialize more slowly than what equity investors want. Combined with some signs that liquidity may be drying up a bit as both corporate and Treasury issuance increases, it would not surprise me if equity markets go through some consolidation or even a correction during the seasonally weak time of the year. Should that happen, we would be buyers of that dip and likely even consider moving down the quality curve in anticipation of a more dovish Fed and coordinated action with the Treasury. Bottom line, a new bull market for equities began with the trough in the rolling recession that began in 2022. It's still early days for this new bull which means dips should be bought. Thanks for tuning in; I hope you found it informative and useful. Let us know what you think by leaving us a review. And if you find Thoughts on the Market worthwhile, tell a friend or colleague to try it out!

9月5日金曜日発表の非農業部門雇用者数は、米国経済がローリング・リセッションからローリング・リカバリーに移行しているとの見方を裏付ける内容でした。では、米国株は今後どうなるのか。弊社の最高投資責任者兼米国チーフ株式ストラテジスト、マイク・ウィルソンが見通しをお話しします。このエピソードを英語で聴く。トランスクリプト 「市場の風を読む」（Thoughts on the Market）へようこそ。このポッドキャストでは、最近の金融市場動向に関するモルガン・スタンレーの考察をお届けします。本日は、先日発表された雇用統計と、米国株にとってのその意味について、弊社の最高投資責任者兼米国チーフ株式ストラテジストのマイク・ウィルソンがお話しします。このエピソードは9月8日 にニューヨークにて収録されたものです。英語でお聞きになりたい方は、概要欄に記載しているURLをクリックしてください。大いに注目されていた9月5日金曜日発表の非農業部門雇用者数は、労働市場は弱いという弊社の見立てを裏付ける内容でした。しかし、弊社は何ヵ月も前からこのことを論じており、株式市場にとっては言わば古いニュースです。第1に、ひょっとしたら雇用統計は最も後ろ向きな、つまり過去に目を向けている経済指標かもしれません。第2に、この統計は大幅に改定されることが特に多く、リアルタイムでは最新のデータが当てにならない傾向があります。全米経済研究所(NBER)が景気後退の始まりを宣言するころには、ほとんどの人が景気後退期にあることを意識しなくなっているのが普通であるのはそのためです。また過去の実績からは、非農業部門雇用者数の改定がプロシクリカルであることがうかがえます。景気後退に向かっている局面では下方修正の幅が大きくなりがちで、景気回復が始まれば上方修正の幅が大きくなりがちだという意味です。今回もこのパターンに沿っているように見えます。実際、金曜日の改定は前月のそれより大幅に良い内容であり、労働市場が第2四半期に「底を打った」ことを示唆しています。このことは、私が何年も前からお話ししている、景気と市場に対する弊社の基本的な説を裏書きしてくれます。 具体的に言えば、米国では2022年に「ローリング・リセッション」が始まり、今年4月の「解放の日」に相互関税が発表されたことをもってようやく底を打ったと私は考えています。このローリング・リセッションの初期段階は、新型コロナによるハイテク製品や消費財の需要前倒しの反動が主導する形で進みましたが、やがて他のセクターもそれぞれ異なるタイミングで不況に突入していきました。従来型のリセッションの判定に用いられる指標で典型的な変化が観察されなかったのに、今になってそれらの改定値で変化がより明確になっているのは、それが主な理由です。新型コロナ後に移民の流入が歴史的な大幅増になったことと、今年になってその取り締まりが行われていることも、労働市場の多くの指標をさらにゆがめることになりました。弊社はここ数年、こうした話題を広く取り上げてきましたが、金曜日に発表された弱い雇用統計は、米国経済がローリング・リセッションから「ローリング・リカバリー」に移行しつつあるという弊社の説を裏付ける証拠だと言えます。つまり、景気は新たな循環に入りつつあり、4月に始まった新しい強気相場が今後どこまで続くかについてはFRBの利下げがカギを握ることになるでしょう。弊社の見解で何よりも重要なのは、過去3年間の景気は多くの企業や消費者にとって、GDPや雇用のような総合的な経済統計が示唆するものよりはるかに弱かったということです。景気の強さを測る際には、消費者や企業の景況感調査に加え、企業の利益成長とその広がり方に着目する方がよいと弊社ではみています。ひょっとしたら、景気の良し悪しを判断する最もシンプルな方法は、今の景気は幅広い層に繁栄をもたらしているのかと問うことかもしれません。この物差しに照らして言うなら、答えは「ノー」だと弊社では考えます。ここ3年間はほとんどの企業で利益がマイナス成長になっているからです。ただ、良い知らせがあります。過去2四半期では、この利益成長がようやくプラスに転じているのです。そして同時に、ここ数ヵ月間弊社が強調してきたように、企業の業績見通しのV字回復も広がりを見せています。このことも、ローリング・リセッションが最悪期を脱したこと、おそらく「谷」は4月だったことを裏付けていると思われます。株式市場はいつものようにこれを正確に把握し、底を打ったのです。さて、これから本物の利下げサイクルが始まる公算が大きく、この新たな強気相場が続くためにはそのような利下げが必要だと弊社ではみています。ただ、FRBは遅行指標である労働市場のデータの弱さよりもインフレの方をまだ重視している可能性があり、利下げは株式投資家の願望よりも緩やかなペースで進むことになるかもしれません。また、企業と財務省の両方が資金調達を増やすために流動性資金が少し干上がるかもしれない兆しもあることから、株価が軟調になりやすい季節に相場が一服したり、さらに進んで調整したりしても、私は驚かないでしょう。もしそうなったら、弊社なら押し目買いに入るでしょうし、FRBがさらにハト派的になることや財務省と連携することも見込んで、クオリティで劣る銘柄にも物色の幅を広げることすら検討するかもしれません。結論を申し上げれば、2022年に始まったローリング・リセッションの底打ちをもって、株式市場では新しい強気相場が始まりました。この相場はまだ初期段階にあり、株価の下落には押し目買いで臨むべきです。最後までお聴きいただきありがとうございました。今回も「市場の風を読む」Thoughts on the Market 、お楽しみいただけたでしょうか？もしよろしければ、この番組について、ご友人や同僚の皆さんにもシェアいただけますと幸いです。

Join Chris Kaminski & Hao Dang as they discuss:➡️The jobs report keeps missing, putting more pressure on the Fed➡️Travel data is slowing➡️Alternatives in 401(k) plansTo learn more about us or stay in the loop, visit www.consiliowealth.comDo you work at Microsoft, Amazon, Meta, or Google? Check out our free benefits guidesSubmit a question to team@consiliowealth.comwww.consiliowealth.com/disclosures 

Christian ; Follower of GOD Servant of CHRIST        Decorated Combat VeteranCorporate; U.S. Marine Corps Urban Warfare Instrictor;       S.R.T. Commander Active Shooter Response Team Law Enforcement Los Angeles Police (L.A.P.D.) Police Officer / Fugitive RecoveryF.B.I. Instructor N.R.A Instructor Competition Shooter; Multi Time State Rifle Pistol Champion Hunting; Life Long Hunter Proffessional Hunter and Guide Private Security Contractor; Several Agencies,  Current. GOD Provides / JESUS SavesBecome a supporter of this podcast: https://www.spreaker.com/podcast/gunfighter-life-survival-guns-tactical-hunting--4187306/support.Have a Blessed Day 

The Daily Scrum is the shortest Scrum event and the most misunderstood. Too many teams turn it into a draggy 30-minute status update instead of the energizing 15-minute sync it's meant to be.In this episode, Kate & Ryan break down how to facilitate Daily Scrums that actually work.  They cover:Why the Daily Scrum is the team's meeting (not a status check for the Scrum Master or Product Owner!)Alternatives to the “three questions” and how to keep things outcome-focusedTricks like the “popcorn” method, music openers, and 15th-minute parking lots to keep energy highHow to handle long-winded updates, lurking managers, and multitasking teammatesWhy this sacred 15 minutes might be your team's most important event of the dayIf you're tired of Daily Scrums that drag on and suck energy out of the room, tune in. Let's reclaim the Daily Scrum as a dynamic, focused, and fun event that drives the sprint forward. 

Emma Friedman

Ep569-Art Bell-Sir Charles Shults III-Artificial Intelligence and Virtual Reality-Charles Ostman-Energy Alternatives

Our G10 FX Market Strategist Andrew Watrous challenges the prevailing market view on the U.S. dollar, reaffirming the relevance of Morgan Stanley's "dollar smile" framework. Read more insights from Morgan Stanley.----- Transcript -----Welcome to Thoughts on the Market. I'm Andrew Watrous, G10 FX Strategist at Morgan Stanley. Today – a look at how the US dollar behaves under different global growth circumstances. And why – contrary to the views of some observers – we think the dollar still smiles.It's Friday, September 5, at 10 AM in New York.We've been talking a good amount on this show about the US dollar – not just as a currency, but as the cornerstone of the global financial system. As the world's reserve currency, its movements ripple across markets everywhere. The trajectory of the dollar affects everything from your portfolio's performance to the cost of your next international vacation.Let's start with the “dollar smile,” which is a framework Morgan Stanley FX strategists developed back in 2001, to explain how the dollar behaves under different global growth scenarios.Picture a smile-shaped curve: On the lefthand side, the dollar rises, goes up, when global growth is concerningly weak as nervous investors flock to US assets as a safe haven. On the right side of the smile, when US growth outperforms growth in the rest of the world, capital flows into the US, boosting the dollar. In the middle of the curve – which is the bottom of the smile – the dollar weakens, goes down, when growth is robust around the world and synchronized globally. In that environment - middle of the smile - investors seek riskier assets which weighs on the dollar - in part because they could borrow in dollars and invest outside the US.It's kind of a simple framework, right? But here's the twist: some investors argue that the left side of the smile might be broken. In other words, they say that the dollar no longer rises if people are really worried about global growth.They say that if the US itself is the source of the growth shock -- whether it's political uncertainty or trade wars -- the dollar shouldn't benefit. Or that the rise in US interest rates, which makes it more expensive to borrow in the US and invest abroad, or changes in the structure of global asset holdings, might mean that growth scares won't lead to an inflow to the US and a dollar bid.We disagree with those challenges to the dollar smile framework.To quantify the dollar smile, in order to test whether it still works, we started by using Economic Surprise Indices. These indices measure how actual economic data compares to forecasts.We found that when growth in the US and outside the US are both surprisingly weak - in other words they're much weaker than forecasted - the dollar rises on average about 0.8% per month over the past 20 years. Then on the right side of the dollar smile, when US growth really outperforms expectations, but growth outside the US underperforms expectations, the dollar goes up even more—about 1.1% on average per month. And in the middle of the dollar smile, during synchronized global growth, the dollar tends to decline on average a little bit, about 0.1% on average per month.The question is, does that framework, does that pattern still hold up today?We think it does for a few different reasons. In 2018 and 2019, despite trade tensions and US policy uncertainty playing a big role in driving global growth concerns, the dollar strengthened during periods of poor global growth. In other words, the lefthand side of the dollar smile worked back then, even though the concerns were driven by US factors.And in June 2025, when geopolitical tensions spiked between Israel and Iran, and growth concerns became elevated - the dollar surged. Investors fled to safety, and the dollar delivered.It's true that in April 2025, the dollar dipped initially after the first tariff announcements. But then it fell even more after those tariff hikes were paused, despite a rebound in stocks. Growth concerns were mitigated and the dollar went down. So this episode I think wasn't really a breakdown of the smile. What weighed on the dollar this spring was policy unpredictability in the US, which led investors to reduce their exposure to US assets, rather than concerns about global growth.So these episodes, I think, show that the dollar can still act as a safe haven, despite changing patterns of global asset ownership, the rise in US interest rates, and even when the US itself is the source of global concerns.Now, setting aside the framework, it's important to note that the US dollar dropped about 11% against other currencies in the first half of this year. This was the biggest decline in more than 50 years and it ended a 15-year bull cycle for the US dollar. Moreover, we think that the dollar will continue to weaken through 2026 as the Fed cuts interest rates and policy uncertainty remains elevated.Still, even with all that, we think our framework holds. When markets wobble, remember this: the dollar will probably greet volatility with a smile.Thanks for listening. If you enjoy the show, please leave us a review wherever you listen and share Thoughts on the Market with a friend or colleague today.

Why This Episode Is a Must-Watch Are you curious about how Bitcoin and digital currencies can fit into your retirement plan? With new pro-crypto legislation and increasing mainstream acceptance, retirement investing with crypto is gaining traction. In this episode of Inspired Money, host Andy Wang takes you inside the future of digital asset investing for retirement, straight from the headquarters of iHeartMedia in NYC. Whether you're a crypto skeptic or enthusiast, you'll discover eye-opening strategies to protect your nest egg and potentially grow your wealth, tax-free. Meet our Guest Chris Kline is the Co-Founder and COO of BitcoinIRA, the pioneering platform that enables investors to hold cryptocurrencies directly in tax-advantaged retirement accounts. With over a decade in financial innovation, Chris has led BitcoinIRA from its inception in 2016 to becoming a $14 billion asset under custody leader, making him a sought-after authority on crypto and retirement investing. Key Highlights 1. The Case for Crypto in Retirement Accounts Chris Kline discusses how BitcoinIRA was created to meet the demand for alternative investments in retirement portfolios. As traditional pensions dwindle and inflation rises, Chris shares why diversification is essential. “We have a retirement crisis in America... Alternatives are no longer a luxury—they're a necessity for long-term security,” he says. 2. The Power (and Potential) of a Roth IRA for Crypto Growth Andy Wang and Chris Kline break down the appeal of holding Bitcoin in a Roth IRA, emphasizing the game-changing benefit: tax-free gains. Chris explains, “To have it [Bitcoin] in a tax-free, tax-deferred setting...when you hit that ripe age of retirement and can take those distributions out tax-free—that's what the big money's doing.” 3. Security & Innovation: The "Pentagon of Custody" Approach Security is a major concern for digital assets. Chris highlights BitcoinIRA's robust, multi-layered “Pentagon of Custody” system—which includes multi-signature wallets, insurance, and strict authentication—to protect clients' crypto “nest eggs” from threats both external and internal. “We put [your assets] at the center and then we put these rings of protection,” Chris explains. 4. Financial Literacy & Accessibility The conversation underscores the importance of financial literacy and demystifying complex concepts like digital assets for all generations. Chris advocates, “You need more advocates out there teaching it. But people have to be open to it… that's what keeps us from really prospering.” Call-to-Action Don't just listen—take action. Check your retirement accounts this week and see if you're truly diversified for the future you want. Even if you start small, even if it's just learning, your future self will thank you. Find the Inspired Money channel on YouTube or listen to Inspired Money in your favorite podcast player. Andy Wang, Host/Producer of Inspired Money

durée : 00:05:49 - Avec sciences - par : Alexandra Delbot - Les médecines alternatives et complémentaires sont très utilisées dans la prise en charge du trouble du spectre autistique mais leur efficacité restait incertaine. Une vaste revue d'études conclut qu'aucune ne montre de bénéfice solide et souligne le manque criant d'évaluations sur leur sécurité.

Today we talk about one of Han's earlier books where he offers an alternative to classic western ideas about subjectivity. We talk about Zen as a religion without God. Substance and emptiness. Alternatives to the reified self. Dwelling nowhere. Original friendliness. And death as an event we desperately try to control. Hope you love it! :) Sponsors: Better Help: https://www.BetterHelp.com/PHILTHIS Nord VPN: https://nordvpn.com/philothis Thank you so much for listening! Could never do this without your help.  Website: https://www.philosophizethis.org/ Patreon: https://www.patreon.com/philosophizethis  Social: Instagram: https://www.instagram.com/philosophizethispodcast X: https://twitter.com/iamstephenwest Facebook: https://www.facebook.com/philosophizethisshow Learn more about your ad choices. Visit podcastchoices.com/adchoices

Our Head of Corporate Credit Research Andrew Sheets discusses the scenarios markets may face in September and for the rest of the year, as the Federal Reserve weighs interest rate cuts amidst slowing job growth and persistent inflation. Read more insights from Morgan Stanley.----- Transcript -----Welcome to Thoughts on the Market. I'm Andrew Sheets, head of Corporate Credit Research at Morgan Stanley.Today, the narrow economic path the markets face as we come back from summer.It's Thursday, September 4th at 2:00 PM in London.September is a month of change and one of my favorite times of the year. The weather gets just a little crisper. Kids go back to school. Football, both kinds, are back on tv. And financial markets return from the summer in earnest, quickly ramping back up to full speed. This year, September brings a number of robust debates that we'll be covering on this podcast, but chief among these might be exactly how strong or not investors actually want the economy to be.You see, at the moment, the Federal Reserve is set to lower interest rates, and they're set to do that even though inflation in the US is still well above target and it's moving higher. That's unusual and it's made even more unusual in the context of financial conditions being very easy and the US government borrowing a historically large amount of money.The Fed's reason to lower interest rates despite strong markets, elevated inflation and high budget deficits, is the concern that the US labor market is weakening. And this fear is not unfounded. US job growth has recently slowed sharply. In 2023 and 2024, the US was adding on average about 200,000 jobs every month. But this year job growth has been less than half that amount, just 85,000 per month. And the most recent data's even worse. Tomorrow brings another important update. But here's the rub: the Fed, in theory, is lowering rates because the labor market is weaker. Markets would like those lower rates, but investors would not like a significantly weaker economy.And this logic is born out pretty starkly in history. When the Fed is lowering interest rates as growth holds up, that represents some of the best ever market environments, including the mid 1990s. But when the Fed lowers rates as the economy weakens, well, that represents some of the worst. So as the leaves start to turn and the air gets a little chilly, this is the fine line that markets face coming back into September. Weaker data for the labor market would make it easier to justify Fed cuts, but would make the broader backdrop more historically challenging. Stronger data could make the Fed look offsides, committing to lower interest rates despite high and rising inflation, easy financial conditions, and what would be a still resilient economy. And that could unleash even more aggressiveness and animal spirits.Stock markets might like that aggressiveness, but neither outcome is great for credit. And so by process of elimination, our market is hoping for something moderate, belt high, and over the middle of the plate. Our economists forecast for this Friday's jobs report for about 70,000 jobs, and a stable unemployment rate would fit that moderate bill. But for this month and now for the rest of the year, we'll be walking a narrow economic path.Thank you as always for your time. If you find Thoughts of the Market useful, let us know by leaving a review wherever you listen, and also tell a friend or colleague about us today.

THE FORWARD PARTY IS OFFERING ALTERNATIVES But what are they all about? Today I've got Dave Ryan on from the Forward Party here in Colorado (find their website here) on to discuss the platform and why they feel like they are a good choice in today's era where the two biggest parties may not feel right for some. Find out the full platform of the national party here, I'll chat with Dave at 1.

Welcome back, friend! Today we're diving into one of my personal favorites—our monthly Listener Q&A episode. These are always so fun because I get to hear what's on your mind, where you're feeling stuck, and how I can best serve you right here on the podcast. Each piece of advice I'm about to share is designed to help not just the woman who asked, but anyone listening who may be struggling with similar style challenges.   Before we get into it, I want to remind you that if you'd like to have your question answered, you're welcome to submit it for our next Q&A episode in October but the BEST way right now is to come join me live inside our Wardrobe Revamp Bootcamp happening from September 16th through 19th. You'll get four days of free style coaching and support from me, plus the chance to ask your questions in real time. You can register right now at herstylellc.com/bootcamp. And, if you sign up before tomorrow, Friday September 5th, you can even enter to win this week's door prize—a 15-minute Power Style Coaching Session with me. I would LOVE to coach and connect with you personally inside this free event!   For now, let's go ahead and tackle our listener questions for this month. Here we go!   FREE 5-MIN PERSONAL STYLE QUIZ: https://herstylellc.com/quiz HER STYLE ON INSTAGRAM: https://www.instagram.com/heatherriggsstyle/ JOIN OUR FREE FACEBOOK COMMUNITY: https://herstylellc.com/community GET FEATURED ON A Q&A EPISODE: https://herstylellc.com/podcast REGISTER FOR THE FREE BOOTCAMP: https://herstylellc.com/bootcamp   Related Episodes: 244 – June Q&A - Skirt Lengths for Short Legs, Wedding Guest Outfits You'll Rewear, and More! 73 – The Most Flattering and Comfortable Pant Options You Need to Know About 16 – How to Set Achievable Wardrobe Goals for the New Year

How do the wealthy protect their money through market swings? In this episode of The Property Profits Podcast, Dave Dubeau sits down with Patrick Grimes, founder of PassiveInvestingMastery.com, to explore how non-correlated alternative investments can create true wealth resilience. Patrick shares his journey from robotics engineer to full-time investor and reveals how he bounced back after losing everything in the 2008 crash. He explains why diversifying beyond traditional stocks and real estate into assets like litigation financing, CPA firms, and healthcare receivables can protect investors from downturns while still generating strong returns.     - Get Interviewed on the Show! - ================================== Are you a real estate investor with some 'tales from the trenches' you'd like to share with our audience? Want to get great exposure and be seen as a bonafide real estate pro by your friends? Would you like to inspire other people to take action with real estate investing? Then we'd love to interview you! Find out more and pick the date here: http://daveinterviewsyou.com/

Fed Chair Jay Powell's speech at Jackson Hole underscored the central bank's new focus on managing downside growth risks. Michael Zezas, our Global Head of Fixed Income Research and Public Policy Strategy, talks about how that shift could impact markets heading into 2026. Read more insights from Morgan Stanley.----- Transcript -----Welcome to Thoughts on the Market. I'm Michael Zezas, Global Head of Fixed Income Research and Public Policy Strategy.Today: What a subtle shift in the Fed's reaction function could mean for markets into year-end.It's Wednesday, September 3rd at 11am in New York.Last week, our U.S. economics team flagged a subtle but important shift in U.S. monetary policy. Chair Jay Powell's speech at Jackson Hole underscored that the Fed looks more focused on managing downside growth risks and, consequently, a bit more tolerant on inflation.As you heard Michael Gapen and Matthew Hornbach discuss last week – our colleagues expect this brings forward another Fed cut into September, kicking off a quarterly pace of 25 basis-point moves. But while this is a meaningful change in the timing of Fed rate cuts, this path would only result in slightly lower policy rates than those implied by the futures market, a proxy for the consensus of investors.So what does it mean for our views across asset classes? In short, our central case is for mostly positive returns across fixed income and equities into year-end. But the Fed's increased tolerance for inflation is a new wrinkle that means investors are likely to experience more volatility along the way.Consider U.S. government bonds. A slower economy and falling policy rates argue for lower Treasury yields. But if investors grow more convinced that the Fed will tolerate firmer inflation, the curve could steepen further, with the risk of longer maturity yields falling less, or potentially even rising.Or consider corporate bonds. Our economic growth view is “slower but still expanding,” which generally bodes well for corporate balance sheets and, thus, the pricing of credit risk. That combined with lower front-end rates suggests a solid total return outlook for corporate credit, keeping us constructive on the asset class. But of course, if long end yields are moving higher, it would certainly cut against overall returns potential.Finally, consider the stock market. The base case is still constructive into year-end as U.S. earnings hold firm, and recent tax cuts should further help corporate cash flows. However, if long bonds sell off, this could put the rally at risk – at least temporarily, as my colleague Mike Wilson has highlighted; given that higher long-end yields are a challenge to the valuation of growth stocks.The risk? A repeat of the early-April dynamic where a long-end sell-off pressures valuations.Could we count on a shift in monetary policy to curb these risks? Or another public policy shift such as easing tariffs or Treasury adjusting its bond issuance plans? Possibly. But investors should understand this would be a reaction to market conditions, not a proactive or preventative shift. So bottom line, we still see many core markets set up to perform well, but the sailing should be less smooth than it has been in recent months.Thanks for listening. If you enjoy Thoughts on the Market, please leave us a review and tell your friends about the podcast. We want everyone to listen.

We are resharing this episode, which originally published on May 6th, 2025. You've probably seen footage or photos of people protesting the Trump regime. Some data suggests that the volume of protestors is higher than in Trump's first term. But at the same time, you might be wondering if we're seeing enough civil resistance to preserve American democracy. Our guest this week is one of the authors of a study that found that just 3.5% of the population taking to the streets is enough to block authoritarian takeover. Erica Chenoweth is a political scientist at Harvard. They join to discuss historical and contemporary strategies for protesting, democratic backsliding, global comparisons and more. 

Meet Sarah Kennedy, CEO and founder of Calocurb, a revolutionary weight management product born from 15 years and $30 million of New Zealand government-backed science. If you've ever struggled with your relationship to food, including overeating, yo-yo dieting, or the constant battle with your willpower, this conversation will give you a refreshing new perspective.We explore the fascinating science of appetite suppression, from the evolutionary role of hunger and the “hindbrain” to the discovery that bitter compounds in hops can naturally stimulate GLP-1 and other satiety hormones. We also get into the history of how Scottish highlanders and Kalahari tribes used bitter plants for appetite control, how modern agriculture stripped bitters from our diet, and why restoring this missing piece could be a game-changer. If you've been looking for a natural, science-backed way to modernize your eating habits and find peace with food, this episode is for you. Visit calocurb.com/lukestorey and use code LUKE10 for 10% off your first order.DISCLAIMER: This podcast is for educational purposes only and not intended for diagnosing or treating illnesses. The hosts disclaim responsibility for any adverse effects from using the information presented. Consult your healthcare provider before using referenced products. This podcast may include paid endorsements.THIS SHOW IS BROUGHT TO YOU BY:KORRECT | Go to korrectlife.com/luke and use the code LUKE to get 15% off.FLFE | Try Focused Life-Force Energy for FREE for 15 days at lukestorey.com/flfe.SUNLIGHTEN | Save up to $600 when you go to lukestorey.com/sunlighten and use code LUKESTOREY in the pricing form.JUST THRIVE | Head to lukestorey.com/justthrive and use code LUKE20 to save 20%.MORE ABOUT THIS EPISODE:(00:00:00) The Science Behind Appetite Suppression(00:21:45) Clinical Trials, Hunger Science, & Alternatives to Injectables(00:38:37) Bitters, Dosing Protocols, & What's Actually in Calocurb(00:57:27) GLP-1 Side Effects, Vagus Nerve, & Fasting Use Cases(01:09:34) Sarah's Journey, Innovation, & Life LessonsResources:• Website: calocurb.com • Instagram: instagram.com/calocurb • Facebook: facebook.com/calocurbGLOBAL • X: x.com/Calocurb • TikTok: tiktok.com/@calocurb • YouTube: youtube.com/@calocurb • Shop all our merch designs at lukestoreymerch.com• Check out Gilded By Luke Storey:

Our Co-Heads of Securitized Products Research Jay Bacow and James Egan explain why the macro backdrop could be changing in favor of agency mortgages after the Fed's annual meeting in Jackson Hole. Read more insights from Morgan Stanley.----- Transcript -----Jay Bacow: Welcome to Thoughts on the Market. I'm Jay Bacow, Co-Head of Securitized Products Research at Morgan Stanley. James Egan: And I'm Jim Egan, the other Co-Head of Securitized Products Research at Morgan Stanley. Jay Bacow: Today we're here to talk about why mortgages offer value after Jackson Hole. It's Tuesday, September 2nd at 2pm in New York. James Egan: So, Jay, let's start with the big picture after Jackson Hole, the Fed seems like it's leaning towards cutting rates in a steady, almost programmatic fashion. And in prior episodes of Thoughts on the Market, you've heard different strategists at Morgan Stanley talk about the potential implications there.But for mortgages, what does this mean? Jay Bacow: Well, it takes a lot of the uncertainty out of the market, and that's a big deal. One of the worst-case scenario[s] for agency mortgages – that the investors are buying not mortgages that homeowners have – would've been the Fed staying on hold for much longer than expected. With that risk receding, the backdrop for investors owning agency mortgages feels a lot more supportive. And when we look at high quality assets, we think mortgages look like the cheapest option. Jim, you mentioned some of the previous strategists that come on Thoughts on the Market. Our Global Head of Corporate Credit Strategy, Andrew Sheets had highlighted recently how credit spreads are trading at basically the tights of the past 20 years. Mortgages are basically at the average level of the past 20 years. It seems attractive to us. James Egan: And that relative value really does matter. Investors are looking for places to earn yield without taking on too much credit risk. Mortgages, particularly agency mortgages with government guarantee there, they offer that balance. Jay Bacow: Right. And it's not just that balance, but when we think about what goes into the asset pricing, the supply and demand picture makes a big difference. And that we think is changing. One of the reasons that mortgages have underperformed corporate credit is that when you look at the composition of the buyers, the two largest holders of mortgages are the Fed and domestic banks. The Fed's obviously going to continue to run their portfolio down, but domestic banks have also been on the sidelines. And that's meant that money managers, and to a lesser extent overseas, have had to be the largest buyers. But we think that could change. James Egan: Right, with more clarity on Fed policy, banks in particular may get more comfortable adding mortgages to their balance sheets, though the exact timing depends on regulatory developments. REITs might also find this more compelling? Jay Bacow: Right. If the Fed's cutting rates, the front end is going to be lower, and that's going to mean that the incentive to move out of cash should be higher, and that's going to help both banks and likely REITs. But then there's also the supply side.Net issuance of conventional mortgage has been negative this year. That's obviously good. And some of the other technicals are improving as well. Vols are trading better, and all of this just contributes to a healthier landscape. James Egan: Right. And another thing that we've talked about when discussing mortgage valuations is the importance of volatility. If you're buying mortgages, you're inherently short rate volatility – and volatility has come down meaningfully since last year, even if it's still above pre-COVID norms. Lower volatility supported for mortgage valuations, especially when paired with a Fed that's cutting rates steadily. Though Jay, some of that already in the price? Jay Bacow: Yeah, look. We didn't say mortgages were cheap. We just said mortgages are trading at the long-term averages. But in an environment where stocks are near the all time high and credits near the tights of the past 20 years, we do see that value. And the Fed cutting rates, as we said, should incentivize investors to move out of cash and into securities. Now, there are risks when valuations and other asset classes are as tight or as high as they are. You could see risk assets broadly underperform and mortgages are a risk asset. So, if credit widens, mortgages would not be immune. James Egan: And timing is important here too, right? Especially we think about banks coming back if they wait for full clarity on Basel III proposals – that could be delayed. On top of that, there's prepayment risk… Jay Bacow: Yeah, if rates rally, then speeds could pick up and investors are going to demand more compensation. But summing it up. Mortgages look wide to alternative asset classes. The demand picture we think is going to improve, and more clarity around the Fed's path is going to be supportive as well. All of that we think makes us feel confident this is an environment that mortgages should do well. It's not about a snap tighter and spread, it's more about getting paid carry in an environment where spreads can grind in over time. But Jim, we like mortgages. It's been a pleasure talking to you. James Egan: Pleasure talking to you too, Jay, and to all of you regularly hearing us out. Thank you for listening to another episode of Thoughts on the Market. Please leave a review or a like wherever you get this podcast and share Thoughts on the Market with a friend or colleague today. Jay Bacow: Go smash that subscribe button.

Maybe it's Doughnut Economics or resourcebasedeconomy.org or degrowth or Progressive Utilization Theory (PROUT) or Economic Democracy or Participatory Economics or Economy for the Common Good or Firewall Economics, or maybe it's some combination of all of these models. Either way? We've got options + well thought out alternatives to our current corrupted system, and that makes me feel pretty damn good. The Source: https://medium.com/illumination-curated/alternatives-to-capitalism-07f78fb8873fResources for Resisting a Coup: https://makeyourdamnbed.medium.com/practical-guides-to-resisting-a-coup-b44571b9ad66SUPPORT Julie (and the show!): https://supporter.acast.com/make-your-damn-bedDONATE to the Palestinian Children's Relief Fund: www.pcrf.netGET AN OCCASIONAL PERSONAL EMAIL FROM ME: www.makeyourdamnbedpodcast.comTUNE IN ON INSTAGRAM FOR COOL CONTENT: www.instagram.com/mydbpodcastOR BE A REAL GEM + TUNE IN ON PATREON: www.patreon.com/MYDBpodcastOR WATCH ON YOUTUBE: www.youtube.com/juliemerica The opinions expressed by Julie Merica and Make Your Damn Bed Podcast are intended for entertainment purposes only. Make Your Damn Bed podcast is not intended or implied to be a substitute for professional medical advice, diagnosis or treatment. Support this show http://supporter.acast.com/make-your-damn-bed. Hosted on Acast. See acast.com/privacy for more information.