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Keith is joined by housing market intelligence authority Rick Sharga—a frequent guest on outlets like CNBC and Bloomberg who "quietly gets it right" rather than chasing clickbait crashes. Together, they dig into whether America really has a housing shortage and how that lines up with what you're seeing in prices and inventory.  They explore why entry-level homes are so constrained and what that means for both investors and homebuyers.  They also examine how mortgage rates, builder behavior, and demographic shifts could shape housing demand and investment opportunities over the next several years. Episode Page: GetRichEducation.com/596 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text  1-937-795-8989 to speak with a freedom coach Will you please leave a review for the show? I'd be grateful. Search "how to leave an Apple Podcasts review"  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— GREletter.com  Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Keith Weinhold  0:01   Keith, welcome to GRE I'm your host. Keith Weinhold, does America really have a housing shortage? And if so, how long will it last? Those answers and more, with an expert guest and I today on get rich education.   Speaker 1  0:19   Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors and delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests include top selling personal finance author Robert Kiyosaki. Get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast, or visit get rich education.com   Keith Weinhold  1:03   the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your prequel and even chat with President chailey Ridge personally while it's on your mind, start at Ridge lending group.com that's Ridge lending group.com   Speaker 2  1:36   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  1:46   Welcome to GRE from Nantucket, Massachusetts to Pawtucket, Rhode Island and across 188 nations worldwide. America's favorite shaved mammal on a microphone has got his slack jawed act back on track for another wealth building week with you. I'm Keith Weinhold. This is get rich education. I'm still not wearing a pair of knockers, and I've returned here to bring you more value than your HOA dues. It's kind of crazy that America First put a man on the moon, and we're the first nation to put a man on the moon in 1969 and yet today, we have trouble housing our own people here on Earth. Shortly, we're going deep on does America really have a housing shortage first? Sometimes real estate investors can learn lessons from the stock market about the future direction of housing prices and demand and just simply what assets people have demand for, how AI is disrupting some stock sectors. Has been rather germane lately. One CEO made this perfect example. It's about how two different stocks travel search engine Expedia and Delta Airlines, those two stocks were once closely tied together. Their share prices used to be correlated, but they've gone in separate directions. See, Expedia offers you a service that can be replicated by bots, but delta has actual planes that take you somewhere, and it's hard for AI to replace that. This is why there's been a recent push toward more tangible stocks and tangible assets, a divergence, an attraction to assets that give you a share of either a tangible good, or, in the case of something like an airline, a service that's directly tied to something tangible. And similarly, commodities like gold, silver and copper cannot be replaced by AI. Neither can real estate. There is a growing sense to own things that can't be disrupted, dematerialized and demonetized by AI, like so much software can. In fact, as overall stock market valuations are lofty. You know, some people have become rather wary of an AI speculative bubble that perceptive to this demand. Just a few weeks ago, Goldman Sachs introduced an everything but AI index, yeah, where you can invest in a basket of companies that are sheltered from Ai disruption, this everything but AI index that's attracting investors. In fact, there's another trend that interfaces with real estate that just launched recently too today, you can wager on future homes. Prices through the platform, poly market, yes, place bets for profit or loss on the future direction of the median home price. In fact, one recent college graduate joked, I was born too late to afford a house, and born just in time to gamble on people who can buy a house? Yeah, you're probably familiar with poly market by now. It's the prediction market that lets you speculate on things like elections and Fed rate decisions and various geopolitical events and other real world outcomes. Well, they have launched a set of real estate markets that allow users to bet on future home values. The way it works is that you can wager on future home values in New York, Los Angeles, Miami, San Francisco and Austin, Texas, as well as US national home values. So that's six different markets. Now I haven't gambled on Poly market, I had checked it at times to get an idea of where people really think markets are headed or what's going to happen next. Because, rather than major media, where sometimes as a hype machine, they create headlines that scare you in order to try to get clicks, well, instead of all that, regular people are placing their money on polymarket, and you can look at what that action is like, because that can be a more reliable harbinger of future price direction at last check with a national median home price of about 420k with the numbers, poly market is using one month from now, 66% of people think that home prices will rise. And it's more nuanced than that. You can bet on just what price range you believe home prices will fall into one month from now. And this is nothing that I recommend wagering on, but besides an interesting trend, yeah, you can get that idea of where real people actually believe markets are headed. As we're about to talk to national housing expert Rick sharga on whether or not we really have a housing shortage, we've got new data about the level of housing permits. Of course, housing permits are a gage of the level of future housing inventory, because after a permit is issued, it's typically six to 12 months until a single family home is built. But I'll share that with you near the end of the show, because it makes sense to cover this with you in chronological order. We'll discuss housing supply first, and then I'll tell you about the future supply direction based on housing permits. Now, you know from the inception of this show in 2014 I talked about the why of real estate investing before the how with anything in life, it's only when you truly know why you're doing something that you'll profoundly care about the how and you'll want to do it well. In fact, when I do an in person real estate presentation, one of the modules that I teach most often is simply called Why real estate. The biggest Why is not altruistic, although that matters, and that's part of it. But instead it's that real estate pays five ways. That's the biggest why any GRE devotee knows that the five ways are simultaneously paid, are appreciation, cash flow, ROA tax benefits, and not inflation hedging. But specifically inflation profiting. Yet I have found multi decade real estate investors that don't understand this, the most valuable hour that you can spend is knowing all the ways that you're paid and seeing and believing how your total rate of return of 20% 30% or even 40% is not far fetched or risky, but it's actually common and even estimated conservatively. If you're initiated on this, you already know, but if you aren't, it can sound a little hard to believe what I just said right there, I recently reshot the entire real estate pays five ways video course, and it's the most valuable hour of investing video content that you're likely ever to see. It's premium, masterclass level content. I'm just giving it away for free because people need to know this. And actually, on the newest shoot, I've condensed it down into just 40 minutes of content across the five videos, one instructional video for each of the five ways you're paid. The videos average eight minutes. So that's about 40 minutes total, and they build on. Each other. So at the end of each one, you get to see your cumulative rate of return. It just keeps adding up, and you know exactly where all of the numbers come from. That's why it's more conducive to video form than audio form. I know that many of you have seen it, but if not, it is foundational, and I cannot recommend it enough. It's free and available to you now. At get richeducation.com/course, get that now, while it's on your mind. At get rich education.com/course, more next, I'm Keith Weinhold, this is get rich education.   Keith Weinhold  10:39   Flock homes helps you retire from real estate and landlording, whether it's one problem property or your whole portfolio, through a 721 exchange, deferring your capital gains tax and depreciation recapture, it's a strategy long used by the ultra wealthy now Mom and Pop landlords can 721, the residential real estate request your initial valuation, see if your properties qualify@flockhomes.com slash GRE, that's F, l, O, C, K, homes.com/gre.   Keith Weinhold  11:16   You know, most people think they're playing it safe with their liquid money, but they're actually losing savings accounts and bonds don't keep up when true inflation eats six or 7% of your wealth. Every single year, I invest my liquidity with FFI freedom family investments in their flagship program. Why fixed 10 to 12% returns have been predictable and paid quarterly. There's real world security backed by needs based real estate like affordable housing, Senior Living and health care. Ask about the freedom flagship program. When you speak to a freedom coach there, and that's just one part of their family of products, they've got workshops, webinars and seminars designed to educate you before you invest. Start with as little as 25k and finally, get your money working as hard as you do. Get started at Freedom, family investments.com/gre, or send a text. Now it's 1-937-795-8989 Yep. Text their freedom coach directly. Again, 1-937-795-8989,   Kathy Fettke  12:27   this is the real wealth network's Kathy betke, and you are listening to the always valuable get rich education with Keith Weinhold. You   Keith Weinhold  12:46   Is America really short millions of homes? If so, that doesn't mean every market is undersupplied, and prices can only go up because of it. If there's a housing shortage, why are prices falling in some cities? So the shortage? Is that something that's real, or is it just misunderstood, and you're gonna learn what it means to you? I'm get rich education's Keith Weinhold along with an intelligence authority today that usually gets it right. In fact, I found an old clip of him on Bloomberg where he suggested home prices bottoming in 2011 and as it turns out, they sure did today, together, we're answering the question, does America really have a housing shortage? And my guest has often appeared in major media, CNBC, Fox NPR. He's the founder of the CJ Patrick company. Hey, welcome back to the show. Rick sharga,   Rick Sharga  13:39   good to see you again. Keith, thanks for inviting me.   Keith Weinhold  13:41   You know, it's funny. Four years ago, Rick and I found each other, and we sort of checked each other out. I found him to be an authority that just doesn't go on saying this bombastic and absurd stuff just to get attention. Instead, he quietly gets it right, and when he knew I had a real estate YouTube channel, similarly, I resonated, because I'm not one of these people that's constantly saying that housing prices are going to crash just to get views and then those crash. People never follow up when they're wrong, and they've been wrong for about 14 years now. But Rick, rather than prices, we're here to understand if there's really a housing shortage today, most agencies believe we have a shortage. Moody's will tell you 2 million. Zillow, four to 5 million. Congressional Republicans have gone on to say 20 million. I sure don't know about that. And then yet, Rick sometimes at the same time, you do see these conflicting stats, where it says that sellers outnumber buyers today, which sort of flies in the face of a housing shortage. So what is your take amidst all this?   Rick Sharga  14:46   Well, Keith, I think what we're seeing is a fairly obvious example that if you torture data enough, you can make it say anything in the right you wanted to say. And there is a lot of confusion about how much. A housing shortage we really do have. It's not like we have 20% of the population unable to find anywhere to live. Most people still prefer to live indoors, and they've been able to do so, but the fact of the matter is that all of the math suggests that we are underserved in terms of the number of housing units available across the country, and we can go through some of the math. The big question, of course, is, how many houses are we short? How many housing units are we short? And the reason the numbers are all over the place, and as you suggested, let's set aside the Republican estimate of 20 million, because there's, there's certainly something political going on there, but the estimates range from around a million to as high as five or 6 million. And the reality is all of those estimates are counting something different. Some are counting housing growth versus population growth. Some are counting vacancy rates compared to historic levels, some are counting inventory available for sale today versus inventory available to sale in prior years. So each of these organizations, and they're all pretty reliable organizations, Moody's is certainly good. Zillow's research team is top notch. Fannie Mae and Freddie Mac the National Association of Realtors. None of these people are hiring dime store economists. They're all good folks, but they're all measuring something slightly different, which is why these numbers come out all over the place, and the one of the fundamental challenges is trying to figure out housing shortages compared to what, or compared to when. All of these estimates assume that there was some point in history when we had exactly the right number of housing units to suit the needs of the population. So they start with some point in time, and I think if you did enough research, you find they all start at slightly different points in time, and then kind of work their way forward from that and come to very different conclusions, again, based on where they started and where they ended up, and what they count. The one thing I would push back on a little bit from some of your comments in the intro is that I am highly, highly skeptical, extraordinarily skeptical of the reports that talk about how many more sellers we have than buyers, because that makes some wild assumptions about the number of people that are actually interested in buying a house. And I've never seen any research methodology that's really nailed that number accurately. Because nobody knows if you're thinking about buying a house right now, until you go to an open house until you do a search on on Zillow, or realtor.com or homes.com until you actually are applying for a loan or making a deposit. So the notion of being able to mind read three 40 million Americans to figure out how many of them are interested in buying, I think, is a neat trick, but I do think it's at least in part one of those methods that people use to get a lot of clicks to their website   Keith Weinhold  18:05   right? This whole thing of and I think when we talk about sellers versus buyers, that's shorthand. What we really mean are, there are some stats out there that show that prospective sellers outnumber prospective buyers, in some cases, which, yeah, I think I agree with you there. I doubt that as well. And yeah, of course, I think you're getting on some of the nuance here. We're trying to predict how some people would behave. For example, how much pent up demand is there when we're talking about sellers versus buyers, and we're talking about a shortage, for example, say, the 28 year old living with their parents that could move out and afford to buy a home if mortgage rates hit 5% like for example, how do you count that? Or, how would you even know to   Rick Sharga  18:53   it's a valid point. Keith, and I think that fundamentally, is my question. With that particular report, you really can't count that person. We do have some metrics that we follow, and it's funny, you mentioned that 5% mortgage, because as we record this, mortgages have broken that 6% threshold for the first time in a number of years. And just about every kind of mortgage you could buy right now is below 6% so that's a good thing. And every time we've gotten close to that 6% mark. In recent years, since mortgage rates doubled back in 2022 we've seen a huge influx of people applying for purchase loans, for those mortgage loans to buy a house, those numbers are up somewhere between 13 and 15% year over year right now, and that's before we've really had these mortgage rates dip below 6% so to me, that suggests there really is pent up demand out there, and I judge that just based on what I see in terms of a number of people actively applying for a loan.   Keith Weinhold  19:54   Yeah, there's a lot of nuance here. HUD tells us that we have more. Homeless people than we've ever had in this nation. So that's sort of an extreme affordability problem. To your point earlier about how most people want to live indoors, and I'm sure not making light of homelessness. It's a sad situation, but we're always going to have homeless people regardless of whether we have excess housing or a housing shortage. We have about 146 million housing units in the United States. The census shows and suggests that 8 million of those 146 million are housing units where people have doubled up and are sharing space with non relatives. That's one way to think about the level of pent up demand within the shortage,   Rick Sharga  20:44   I don't know if that's a result of shortage necessarily, or if that's a result of having the weakest affordability for people looking to buy homes that we've had in over 40 years. The last time affordability was as bad was the 1980s and the reason affordability was bad back then was because mortgage rates were at 1819, 20% and it made it very difficult for people to afford homes. But we're coming out of a very unusual cycle, and this is a little bit off topic from our inventory question, but it's the only time in US history when two conditions have hit the housing market back to back, if you go back to covid, coming out of covid, we saw home prices go up nationally by over 50% in about 18 months. It was a huge, huge, unprecedented increase. Yeah, and right on the heels of that, as inflation started to get out of control, the Federal Reserve had to take pretty extreme measures to get that back down. So they started playing with the Fed funds rate, and we saw mortgage rates double in 2022 in the history of the country, according to Freddie Mac we've never seen mortgage rates double in a calendar year. And in 2022 They not only doubled in a calendar year, they doubled in the space of a few weeks. So we're coming out of a period where home prices went up by over 50% and then mortgage rates doubled, and it just crushed affordability. So the people that have been looking to buy a $400,000 house suddenly realized they could only afford a $200,000 house, and there were none of those around. It's really why home sales have gone down as rapidly as they had volume of sales. In 2021 we sold 6 million existing homes. In 2022 it dropped to 5 million. And for the last three years, we've been sitting at around about 4 million annual sales of existing homes. And again, that doesn't suggest a lack of inventory, a lack of homes, because there are fewer people buying, and there's more properties staying on the market longer. But the underlying numbers, the underlying metrics we would look at, are where we can start to kind of deduce that there aren't enough homes. For example, you mentioned that there are about 146 million housing units across the country. Most recent census data I have from the end of 2024 says it's about 140 748, 40 748 million. So it's up just slightly from your number. That represents a growth of about 6.7% in housing units between 2010 and 2024 during the same period of time, the population went from about 309 million to about 340 1 million, and that represents a growth rate of about 7.4% so if everything else stayed equal, your population grew at a faster rate than your housing units did. And that suggests that even if the number of housing units was ideal back in 2000 it's somewhere less than ideal by the time we got to the end of last year,    Keith Weinhold  23:42   we're talking with Rick sharga. He's the founder and owner of the housing market intelligence firm, the CJ Patrick company. We're answering the question, does America really have a housing shortage? We're getting a yes there. And before we're done, we're going to talk about, how long could the shortage persist? But Rick, you spoke to affordability, and I think that has a lot to do with the nuances within the shortage, and that brings up shortages within the luxury tier versus shortages in the entry tier. And the entry tier is really what a lot of our listeners and viewers are interested in, because we're used to buying those as rental properties. So can you tell us about that?   Rick Sharga  24:23   It's a great point, Keith. And what we've been talking about so far is kind of a structural shortage in the overall number of housing units that could be purchased, could be owner occupied, could be rented. And one of the culprits there, and I will answer your question, I promise, one of the culprits there is that builders simply haven't built that much. If you look at the long term average, like 2025 years, the average number of housing starts was somewhere between 1.3 and 1.4 million a year coming out of the Great Recession in 2010 so you look at that last 15 year period or so, 12. Of those years, they've started less homes than that long term average. So builders simply haven't been keeping pace, not only with population growth, but also with just the ability to create enough homes in general, to offset the number of homes that are obsoleted every year, that get bulldozed every year. So there is a structural shortage. To your point, if you look at inventory available for sale, we are up about 9% year over year, but we're still down about 15% from where we were prior to the pandemic. So there are fewer homes for sale than there were back when the market was functioning more efficiently. The most drastic shortage is at the entry level builders simply have not been making a lot of entry level properties. There's a reason for that. There's some independent research out there, including some research from Fannie Mae that suggests that the pre construction cost a builder has to absorb before they break ground is over $100,000 across the country, on average, higher than that, where I'm calling you from today, in California, it's about 120,000 there. If your table stakes are 100,000 $120,000 it's really difficult to make a profit on an entry level property. So the builders, I think understandably, have been focusing on higher dollar, higher value properties and not replenishing that supply that we need for first time buyers and the kind of properties that real estate investors tend to like. The other problem we've had, Keith, is that when those mortgage rates doubled, the people who had purchased those entry level homes refinanced into a two and a half 3% mortgage and are now sitting on a $300,000 property, let's say or $250,000 property with a two and a half percent mortgage. And if they wanted to trade up, they'd be trading up to a four or $500,000 house with a 6% mortgage. And they simply can't afford to do that. So the combination of entry level owners staying put at much larger numbers and builders creating new entry level homes at much smaller numbers has really created kind of a crisis of inventory at the entry level segment of the housing market.    Keith Weinhold  27:18   Yeah, when we talk about that crisis of inventory in what's available. I'm not talking about shortage numbers now. I'm talking about the active listing count. This means more or less available homes to buy. This includes single family homes and condos. We have an active listing count of around 1 million today. The historic average is around 2.2 million, and that peaked near 4 million during the global financial crisis. So today, only about one quarter as many active listings, available homes as at the peak,    Rick Sharga  27:54   yeah, only about half as many as, let's call it a normal market, and that's one of the reasons. I think the first time you and I spoke on your podcast, we were talking about all the online snake oil salesmen who were predicting a home price crash. But that's one of the reasons why home prices haven't crashed, and why they've kind of continued to grow, at least at a modest pace, and in some cases now are starting to decline a little bit. But that lack of inventory on the market. When you don't have enough inventory to meet demand, or just barely enough to meet demand, that means that seller doesn't really have to negotiate all that much. That means that buyers are kind of at a disadvantage, and so as long as that's the case, you'll see home price stability. That doesn't mean that every market is going to see prices go up. But if you look across the country right now, if you look at markets where home prices are down even marginally year over year, you're looking at the Gulf Coast states, you're looking at some other southern markets, Las Vegas, Phoenix, you're looking at some outlying markets like Boise, Florida, certainly, and Texas. And those are markets where inventory is actually considerably higher than it was a year ago, and in some cases, considerably higher than it was back in 2019, if you look at markets where prices are still going up a lot, Midwest, Northeast, those are still markets where there's not enough inventory to meet demand. So that relationship between available inventory for sale and demand is really what drives pricing    Keith Weinhold  29:23   this whole discussion, which is really about the supply, just in the economics one on one. Adam Smith of supply versus demand. A lot of people, just like including my dad, when I was telling him about housing, something he doesn't follow. And I told him that prices are up the most in the Northeast and Midwest. That surprised him. He was like, No, well, population growth is lower here and lower than Pennsylvania, where he lives. And that's when I brought up, well, they're under building there. So in parsing this by geography, Rick, I think another way that we can do it is parsing the housing shortage by the single family homes versus apartments, because it's. Pretty well documented that nationally, apartments could be seen as overbuilt, and single family is under built. Do you have any details with respect to that?    Rick Sharga  30:08   We talk a little bit about that, and quick shout out to both of our home state, Pennsylvania, yeah, Phil, Philadelphia actually had some of the highest annual price increases right in their home sales last year. But part of that isn't just because they haven't been building a lot in Philadelphia or the suburbs. It's because we see people moving from higher priced markets into lower priced markets. So we have people actually commuting to New York who have bought homes in Philadelphia or the Philadelphia area. They can get much more house for their money there. They're not subject to some of the wage taxes that happen in New York State. They just get on that Amtrak and train into the city every day. So there is some of that going on across the country too, as we still see net migration of people moving out of states like California, New York and Illinois into nearby states where the cost of living is much lower. That slowed down since covid, since a lot of companies have been requiring people to come work back at the office. But it is still happening. It is still happening in generally the same direction you raise the issue of inventory for rental units versus inventory for, let's say, owner occupied properties, we have seen a plateau in the number of single family rental homes. So the stuff you're hearing out of DC, that you're seeing the media about the really important ban on institutional investor buying is really much more sizzle than substance. Oh, right. Institutional investors are owned and are buying a fraction, but we've seen over a million apartment units come online in the last 18 months. It's about the largest number of apartments that have that have sprung up and in that shorter period of time on record. And we've gotten to a point where in some markets, there's actually a little bit of an oversupply of those apartment units now that will balance itself out over the next couple of years, because multifamily building starts are way down too so we're not seeing a lot of activity there as builders hold off, waiting for this new inventory to get absorbed. But to put it in perspective, vacancy rates went from near zero back during covid in those apartments to over 6% last year. Rental rates have gone down from 15% year over year, increases back in 2020, 2021, to negative numbers nationally in the last year, just talking apartments, just apartments. So we have a short term mini glut, if you will, of apartments. It will be absorbed rapidly. We have 92 million people between the ages of 26 and 54 who are have either formed households or are about to a lot of them would like to be homebuyers can't afford today's prices, so they're renting instead. And about 5 million people a year are turning 35 which is when, you know, we parents start literally kicking them out of the house. So I think that rental overage will resolve itself, really, in the next 12 to 18 months. And if the builders don't start building new inventory by that point, we'll wind up with another shortage on the housing front, I'm of the opinion that we're at least a million homes short compared to what demand should be. I think the number is probably somewhere between one and 2 million. And again, I'm doing that simply based on a slight decrease in vacancy rates, population growth and the aging of the population. What could throw all of our numbers off? Keith is one of the X factors in demographics and population, which is immigration. Population growth, if it's organic, if it's by birth, does have an effect on housing, to an extent, but it's it's more nuanced, and it takes longer to really show itself if you're dealing with adult immigrants coming into the country, particularly immigrants who are coming in for jobs and have income that they can spend on housing, your housing demand goes up quickly, and that can have some local market repercussions depending on where the immigrants are going.   Keith Weinhold  34:18   In Philadelphia is not a coastal city. Its cost of housing is surprisingly low to a lot of people, but it's not on a coast. Just look at a map. Well, Rick, as we're winding down here, how long could the housing shortage persist overall?   Rick Sharga  34:33   I think we're in a period of time right now where builders are reluctant to overbuild. They got caught in the great recession with about a 13 month supply of homes available for sale, and then as home prices crashed, they were competing with their own inventory from the prior year, and many of them took a real beating financially during that period of time. So I don't expect we'll see builders overbuild anytime soon. And that tells me that we're probably looking at at least another three to five years before we can have a rational conversation about housing numbers kind of leveling off to be where they should be. We mentioned immigration. That is an X factor that could extend the housing shortage. If we start to see more immigration coming into the country, it could mean that we don't need as many houses as I suspect, if we have fewer people coming into the country. And the other x factor here is the boomers, the baby boomers of any generational cohort, probably have the highest home ownership rates right now and ultimately will age out of their properties. They've stayed there longer than any prior generation has, and that's also contributed to the inventory shortage, as opposed to the housing shortage. But as a friend of mine said, and it's a little macabre, but as he says, boomers will eventually leave their homes, either vertically or horizontally, so that will bring some inventory back to the market as well   Keith Weinhold  35:58   housing supply. It is rather inelastic, and we're probably going to be in this shortage for a number of years. Well, Rick, tell us how and why people consult with you and then just how they can do that.   Rick Sharga  36:12   Yeah, I work with mostly companies that are in the real estate or mortgage industries. Keith, I typically prepare a lot of market intelligence reports to them. It's real estate data, economic data, mortgage data. For some clients, I do foreclosure reports. They know what's going on in terms of delinquencies and defaults. For others, I do research on investor purchase activity, what they're buying, what they're selling, what they're paying, where they're doing all this. So anything that's data related to real estate data, mortgage data, economic data, I'm kind of neck deep in and I'm very easy to find on either LinkedIn or x. So if anybody's listening today and wants to connect on those platforms, just reach out and tell me you saw me on the GRE podcast, and I'll know you're legit.   Keith Weinhold  36:56   Housing supply is coming up short, but Rick never does. It's been great having you back on the show.   Rick Sharga  37:02   We'll do it again soon, Keith, It's great talking to you.   Keith Weinhold  37:10   Do we really have a housing shortage? The answer is yes, and the number of units short is one to 2 million. The shortage is worst in the entry level home segment, which matters so much to us as investors, we are owning an asset that's going to have sustainable demand for quite a while into the future. Rick indicated that it could take perhaps three to five years just to get back into balance. Now, we recently learned that there were fewer housing permits issued last year than there were in any year since 2019 and housing permits are an indicator of the future home supply. They had their recent peak five years ago with 1.7 5 million, and last year, there were just about 1.4 million. So home permits issued are 19% lower today than they were back in 2021 this is a harbinger of supply, because from the time that a permit is issued, it takes six to 12 months to complete a single family home. It's about six months to build a tract home, and closer to 12 months for a custom home. For apartments, it can take in excess of 24 months to deliver that period of time from permitting to completion. So nationally, we should continue to see scarce supply in the one to four unit space, keeping upward pressure on prices again for the most valuable 40 minutes of educational real estate investing material around you can access my premium real estate pays five ways, master class of five videos, totally free. And you know how I operate. I don't try to upsell you to some paid course. Either. It's just truly free. I'll send it to you. You can access it at get rich education.com/course coming up on future episodes here on the get rich education podcast, we're about to go on a run. The next stretch of GRE is loaded. We've got fresh topics with some game changing monolog content that I'm going to share with you new guests, distinguished guests. Next week, the youngest guest to ever appear on the show is going to be with us. He's a 19 year old college student with a real estate investing related major. How does he see Gen Z's financial world? Is there any hope at all? The following week, we're going to break down an innovative way to sell properties that could completely change how you think about your exit strategy when it's all done, when it's time for you to retire from real estate, rather than a 1031, Exchange, which would just keep you in the real estate game and with more of it, do a seven. 21 exchange into a real estate fund. Have no more assets to manage, no more property managers to manage total capital gains tax deferral and still get financial upside. And then just four weeks from now, it's get rich education podcast episode number 600 debt is the American dream. So if you're serious about building wealth, be sure to follow or subscribe to the show. If you've already done that, I would really appreciate it if you told a friend about this show until next week. I'm your host. Keith Weinhold, don't quit your Daydream.   Speaker 3  40:39   Nothing on this show should be considered specific personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively.    Keith Weinhold  40:58   The preceding program was brought to you by your home for wealth, building, get richeducation.com

Jason Hartman and Michael Zuber discuss the economic impact of a hypothetical war with Iran and its effect on real estate. They predict that while rising oil prices and geopolitical conflict initially cause demand destruction and recessionary fears, the Federal Reserve will ultimately intervene by lowering interest rates. This monetary easing is expected to create a lucrative window for property investors to acquire assets from motivated sellers before prices rise again. Beyond economics, they offer bold political predictions regarding the liberation of foreign nations under the Trump administration's strategies. They conclude that long-term success in property ownership depends on controlling emotions and holding assets long enough for market cycles to turn favorable. This May, become an Empowered Investor. Join Jason and his team as they empower you to gain control of your financial future and create wealth. Get your tickets at https://EmpoweredInvestorLive.com/ today!   #RealEstateInvesting #MarketVolatility #OilPrices #InterestRates #DemandDestruction #EconomicRecession #IncomeProperty #CentralPlanning #DemographicCliff #MotivatedSellers #Geopolitics #InvestmentStrategy Key Takeaways: 0:00 Iran and free countries 4:08 War and Housing 13:30 US, UK, China, Cuba and North Korea 18:58 Iran and the coming recession   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

Iran names Ayatollah Ali Khamenei's son, Mojtaba Khamenei, as the new supreme leader. Plus, global central bankers are eying the jump in crude prices and the impact on inflation, and Gulf businesses seek more insurance coverage as the war in Iran continues. And, fears of food price spikes are growing.Mentioned in this podcast:Mojtaba Khamenei becomes Iran's supreme leaderOil surges past $100 a barrel for the first time in four yearsQatar warns war will force Gulf to stop energy exports ‘within days'Iran war muddles expectations of likely Federal Reserve interest rate cutsFertiliser disruption from Iran conflict prompts global food shortage warningsNote: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted by Victoria Craig, and produced by Julia Webster. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT's Global Head of Audio. The show's theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Step into Episode 202 of On The Delo as Delo sits down with Dan Bogert, 10-year Government Affairs veteran at the Arizona Restaurant Association, to pull back the curtain on the policy battles, legislative wins, and behind-the-scenes advocacy that protect Arizona's restaurant industry every single day. From a viral "Free the Scoop" ice cream bill to negotiating directly with the governor's office twice a week through a global pandemic, Dan brings the kind of candid insider knowledge that rarely makes the news but directly shapes how every operator runs their business.The conversation covers a sweeping decade of high-stakes moments: COVID shutdowns, the $4M outdoor dining program, the messy road to getting alcohol-to-go codified into law, now finally simplified as a clean permit as of January 1, 2026, plus the ongoing fight against dram shop liability and the Torres Supreme Court ruling that changed the game. Dan also flags what operators should be watching right now in 2026: the mainstream rise of generic GLP-1 drugs quietly suppressing restaurant traffic, a new Tempe drink-spiking ordinance, and Arizona's shifting labor regulation landscape. They close with a genuine breakdown of why an ARA membership — starting at $495/year — can be one of the most valuable investments a restaurant owner makes, giving operators a strong voice at the Capitol and access to the advocacy that helps protect and shape Arizona's restaurant industry. The episode wraps with a rapid-fire round that reveals Dan was a competitive swimmer who'd choose dishwasher if he ever crossed over to restaurant life.Chapter Guide (Timestamps):(0:00 - 2:04) Intro: Episode 202, Meet Dan Bogert & the Arizona Rain(2:04 - 3:35) Dan's Background: Tempe Native, Wildland Firefighter & Federal Reserve(3:35 - 6:38) Landing at the ARA, Lobbying Life & the Learning Curve(6:38 - 10:38) First Big Win: The Ice Cream Bill & "Free the Scoop"(10:38 - 14:32) COVID-19: Shutdowns, Reopening Guidance & the $4M Outdoor Dining Program(14:32 - 18:40) Alcohol To-Go: AZ To Go Week, Executive Orders & the 2021 Legislative Fix(18:40 - 21:25) What Is an Executive Order? A Plain-Language Breakdown(21:25 - 26:20) What Arizona Gets Right, Dram Shop Failures & the Torres Ruling(26:20 - 33:27) ARA Membership Value: Lobbying, Regulatory Support & Why $495 Is Worth It(33:27 - 37:29) 2026 Watch: GLP-1 Drugs, Drink Spiking Ordinances & Consumer Shifts(37:29 - 41:52) Rapid Fire: Whiskey, Speedo vs. Swim Trunks & Sushi in Vegas(41:52 - 43:07) Arizona Restaurant Week in May & Outro

In this week's episode of WSJ's Take On the Week, co-hosts Telis Demos and Miriam Gottfried discuss why a surge in oil prices following U.S. strikes on Iran is fueling fresh inflation fears, and how the potential for a supply shock at the Strait of Hormuz could tie the Federal Reserve's hands on interest-rate cuts. Next, our hosts analyze why we see some investors rotating back into enterprise software stocks such as Oracle and Adobe, both of which will report earnings in the coming week.  After the break, Marion Laboure, senior strategist and managing director at Deutsche Bank, joins the show to explain why bitcoin and gold are no longer correlated. She breaks down the wishful thinking that drove crypto valuations, explains why she views bitcoin less as a currency and more as an asset, and discusses how investors are viewing digital assets like bitcoin and stablecoins as part of an investment portfolio. Plus, how a new section in the proposed Clarity Act has banks and crypto exchanges debating over stablecoin yields… or “rewards. This is WSJ's Take On the Week where co-hosts Telis Demos, Heard on the Street's banking and money columnist, and Miriam Gottfried, WSJ's investing and wealth management reporter, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We'd love to hear from you. Email the show at takeontheweek@wsj.com. To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com Further Reading Oil Prices Surge, Stocks Fall on Widening Iran War Investors Dial Back Fed Rate-Cut Bets Iran Conflict Spurs Rebound in U.S. Borrowing Costs Trump Urges Swift Passage of Crypto Bill Over Banks' Objections Senate Passes Stablecoin Bill in Big Win for Crypto Industry For more coverage of the markets and your investments, head to WSJ.com, WSJ's Heard on The Street Column, and WSJ's Live Markets blog. Sign up for the WSJ's free Markets A.M. newsletter.  Follow Miriam Gottfried here and Telis Demos here.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Durante décadas, la inflación fue tratada como un fenómeno cíclico. Pero lo que estamos viviendo no es solo inflación: es debasement monetario estructural. En este episodio analizamos el concepto de debasement trade popularizado por Lyn Alden en diciembre de 2025 y exploramos cómo el desacople del dólar del oro en 1971 marcó el inicio de una erosión progresiva del poder adquisitivo. Revisamos: Qué es el interest-adjusted debasement Cómo el balance de la Federal Reserve dejó de reducirse Por qué los bonos del Tesoro tuvieron su peor período moderno La divergencia histórica entre el S&P 500 y el oro Qué significa operar bajo un régimen de dominancia fiscal Por qué puedes estar en máximos nominales y perdiendo riqueza real No es un episodio alarmista. Es un análisis estructural sobre cómo leer el ciclo monetario y cómo posicionar un portafolio en un entorno de erosión gradual. La pregunta no es si el debasement continuará, La pregunta es si tu portafolio está preparado.

Wholesale prices rose sharply in the latest report, pointing to persistent inflation that could complicate Federal Reserve policy decisions. This unexpected uptick in producer prices suggests the inflation fight is far from over, despite earlier optimism about cooling price pressures.Today's Stocks & Topics: Hertz Global Holdings, Inc. (HTZ), Market Wrap, Ball Corporation (BALL), KPP Newsletter, Inflation's Stubborn Return: Wholesale Prices Surge Signals Persistent Price Pressures, Whirlpool Corporation (WHR), Key Benchmark Numbers: Treasury Yields, Gold, Silver, Oil and Gasoline, ADMA Biologics, Inc. (ADMA), Jobs Report, Nucor Corporation (NUE), AbbVie Inc. (ABBV).Our Sponsors:* Check out Anthropic: https://claude.ai/invest* Check out Pebl: https://hipebl.ai* Check out Progressive: https://progressive.com* Check out Quince: https://quince.com/INVESTAdvertising Inquiries: https://redcircle.com/brands

In this episode of the Jim Paulsen Show, Jim joins Jack Forehand and Justin Carbonneau to break down the macro forces shaping today's markets and economy. Jim explains why the economy may be far weaker than headline GDP numbers suggest, how technology and AI investment are masking weakness in the broader economy, and why leadership in the stock market may be shifting. The conversation also explores the market implications of geopolitical conflict, the relationship between policy and market leadership, and how investors should think about AI's long-term economic impact.Topics covered in this episodeHow geopolitical events like the Iran conflict affect markets, volatility, oil prices, and investor sentimentWhy market reactions to geopolitical shocks often fade once the situation is “vetted” by investorsThe relationship between oil prices, the US dollar, and global financial marketsWhy Paulsen remains constructive on international stocks and emerging markets despite recent volatilityWhy energy and food now represent a much smaller share of consumer spending than in past inflation cyclesThe argument that inflation fears may be overstated given structural disinflationary forces in the economyHow AI and technological innovation can destroy some jobs while simultaneously creating new economic demandWhy technological progress often lowers costs and expands markets rather than simply eliminating workThe concept that the “new economy” driven by technology investment is now large enough to influence overall GDP growthPaulsen's analysis showing that roughly 11 percent of the economy tied to new-era investment is growing rapidly while the remaining 89 percent is barely growingWhy the broader economy may resemble a recession even while headline GDP remains positiveHow the dominance of large technology companies in indexes like the S&P 500 may be masking weakness in the broader marketThe historical “toggle” between technology leadership and broader market leadership in equity marketsWhy policy conditions like the yield curve and monetary easing often drive leadership shifts toward value, small caps, and cyclical stocksWhether the Federal Reserve could begin easing policy without a traditional recessionWhy policy support may eventually broaden the bull market beyond technology stocksTimestamps0:00 Jim Paulsen on geopolitical volatility, oil prices, and market reactions2:50 How investors should think about the Iran conflict and market implications10:50 The relationship between oil prices, the US dollar, and safe-haven flows12:20 Why Paulsen likes international and emerging market stocks14:30 Why higher oil prices may not lead to sustained inflation18:40 AI disruption and the economic debate around jobs and productivity23:00 How innovation historically creates new demand and economic growth29:40 Technology is the tail wagging the economic dog33:30 Why the “new economy” is growing far faster than the rest of the economy37:00 Evidence that most of the economy may already resemble a recession41:00 Profit growth disparity between technology and the rest of the economy45:40 Why the stock market can mask weakness in the broader economy46:30 The historical leadership toggle between tech and the broader market49:00 Valuation differences between technology and other sectors50:30 How policy conditions influence market leadership55:00 Signs that leadership may already be shifting beyond tech57:00 Could the Fed ease without a traditional recession59:00 What a policy shift could mean for the next phase of the bull market

Send a textOn this episode I'm joined by Roosevelt Bowman, Senior Investment Strategist at Bernstein. Market volatility materially increased this week as war returned to the Middle East. We cover the four big issues in the market today: 1) The Iran war and oil prices 2) The private credit markets 3) AI's impact on the economy and stock market 4) The new nomination of a new chair of Federal Reserve. With any questions or comments, or to discuss your own financial situation, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past performance does not guarantee future results. The views expressed here may change at any time after the date of this podcast. This podcast is for informational purposes only and does not constitute investment advice. AllianceBernstein L.P. does not provide tax, legal or accounting advice. It does not take an investor's personal investment objectives or financial situation into account; investors should discuss their individual circumstances with appropriate professionals before making any decisions. This information should not be construed as sales or marketing material or an offer or solicitation for the purchase or sale of any financial instrument, product or service sponsored by AllianceBernstein or its affiliates.

Brian and Tevo break down whether Bitcoin has finally bottomed as the macro landscape continues to be unsettled. They highlight continued institutional support through ETF inflows and sovereign interest, including Kazakhstan shifting reserves into crypto. A major milestone arrives as Kraken gains access to the Federal Reserve payment rails, signaling deeper integration between crypto and traditional finance. The episode closes with momentum trades in AI-crypto tokens, meme coin updates, and ongoing developments across altcoins and NFTs.$1 Trial Momentum Money Makers VIPhttps://www.thecryptomavericks.com/mm-vip-trial1763665474309?utm_content=MMTrial&utm_medium=Podcast&utm_source=Internal&utm_term=DescriptionCheck out Quince: https://quince.com/CRYPTO101Check out Mars Men: https://mengotomars.comGet my #1 altcoin pick for this month.Get immediate access to my entire crypto portfolio for just $1.00 today! Get your FREE copy of "Crypto Revolution" and start making big profits from buying, selling,Get immediate access to my entire crypto portfolio.. just $1.00 today! Go here to get access: https://www.crypto101insider.com/cryptnation-directm6pypcy1?utm_source=Internal&utm_medium=YouTube&utm_content=Podcast&utm_term=20250916Get your FREE copy of "Crypto Revolution: Your Guide To The Future of Money". In this book, I reveal how to make (and keep) a fortune during this crypto bull run! http://www.cryptorevolution.com/free?utm_source=Internal&utm_medium=YouTube&utm_content=Podcast&utm_term=20250916Chapters00:00 Introduction to the Crypto Landscape02:59 Market Analysis and Trends05:41 Institutional Involvement and ETFs08:49 The Impact of Geopolitical Events12:01 Kraken's Milestone with the Federal Reserve14:15 The Clarity Act and Regulatory Landscape16:04 Community Engagement and Listener Interaction17:44 Meme Coins and Momentum Moneymakers20:50 AI Integration in Crypto23:35 Conclusion and Future Outlook33:11 The Rise of AI and Crypto Integration35:32 Exploring Autonomous AI Agents37:00 Legal Challenges in the NFT Space40:24 Magic Eden's Shift in Focus41:26 PumpFun's Expansion and Market Position43:12 The Future of AI Agents and Crypto50:27 Navigating the Evolving Crypto LandscapeMERCH STOREhttps://cryptorevolutionmerch.com/Subscribe to YouTube for Exclusive Content:https://www.youtube.com/@crypto101podcast?sub_confirmation=1Follow us on social media for leading-edge crypto updates and trade alerts:https://twitter.com/Crypto101Podhttps://instagram.com/crypto_101*This is NOT financial, tax, or legal advice*Boardwalk Flock LLC. All Rights Reserved  ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬Fog by DIZARO https://soundcloud.com/dizarofrCreative Commons — Attribution-NoDerivs 3.0 Unported — CC BY-ND 3.0 Free Download / Stream: http://bit.ly/Fog-DIZAROMusic promoted by Audio Library https://youtu.be/lAfbjt_rmE8▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬Our Sponsors:* Check out Mars Men: https://mengotomars.com* Check out Mars Men: https://mengotomars.com* Check out Quince: https://quince.com/CRYPTO101Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

In this podcast extra, longtime Goldman Sachs CEO Lloyd Blankfein discusses current U.S. policy, inequality, AI, the current risk of a "bubble," criticism of Wall St. and Goldman Sachs, Pres. Trump's trade war and Federal Reserve meddling, and Blankfein's career, in this wide-ranging discussion. Blankfein also outlines how to assess risk, a functioning market, investor discipline, what money is good for and if any amount is "too much" for one person - and his new book, "Streetwise: Getting to and Through Goldman Sachs." This interview is a new installment of 'The Summit Series with Ari Melber,' featuring discussions with leaders at the summit of their fields To listen to this show and other MS podcasts without ads, sign up for MS NOW Premium on Apple Podcasts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

P.M. Edition for Mar. 6. The Labor Department said today that the U.S. lost 92,000 jobs in February—a greater drop than economists expected. WSJ economics reporter Justin Lahart discusses the sectors affected, and what this report means for the Federal Reserve. Plus, President Trump calls for “unconditional surrender” in Iran. And WSJ markets reporter Hannah Erin Lang says U.S. stocks dropped after the weak employment report, while oil prices continued their rise, notching their biggest weekly gain on record. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

The U.S. economy actually lost jobs last month. The number of people on U.S. payrolls fell by 92,000 in February, with big swings in education and health care. How might the Federal Reserve respond to this new data? Plus, the idea of having a robot to do all your household chores has long been a staple of science fiction. Today, we hear from a company designing robots trying to make that a reality.

The U.S. economy actually lost jobs last month. The number of people on U.S. payrolls fell by 92,000 in February, with big swings in education and health care. How might the Federal Reserve respond to this new data? Plus, the idea of having a robot to do all your household chores has long been a staple of science fiction. Today, we hear from a company designing robots trying to make that a reality.

The latest jobs report delivered a surprise. The U.S. economy lost 92,000 jobs in February, and the unemployment rate rose to 4.4%, according to the U.S. Bureau of Labor Statistics. In this episode of Real Estate News for Investors, Kathy Fettke breaks down what the weaker labor market could mean for the economy, mortgage rates, and housing demand. A slowing job market can cool housing demand, but it could also increase the chances that the Federal Reserve eventually lowers interest rates — something that could help bring buyers back into the market. Here's what real estate investors should be watching next.

A surprising February jobs report is raising new questions about the strength of the labor market. The economy lost 92,000 jobs last month weighed down by severe winter weather and a strike at a major health care provider. CNBC's Steve Liesman and San Francisco Fed President Mary Daly break down the data, the broader economic picture, and what it could mean for the Federal Reserve's interest rate path. Then, former U.S. Congressman Sean Maloney, now CEO of the Coalition for Prediction Markets, discusses the future of prediction markets, concerns about insider trading, and what regulation might look like in this fast-growing space. Plus, Kristi Noem is out as Homeland Security Secretary, the Pentagon labels Anthropic a “supply chain risk,” and the war with Iran enters its seventh day.   Mary Daly - 16:08 Sean Maloney - 33:25   In this episode: Steve Liesman, @steveliesman  Mary Daly, @MaryDalyEcon Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The K-shaped consumer is redefining the outlook for the U.S. economy. While overall spending remains resilient, growth is increasingly concentrated among higher-income households, creating widening gaps across income levels. As policy shifts, AI adoption, and healthcare innovations reshape behavior, the consumer landscape is becoming more uneven.In this episode of The Bid, host Oscar Pulido is joined by Lisa Yang, Portfolio Manager and Co-Head of the Consumer Industry Group within BlackRock Fundamental Equities, to assess the state of the U.S. consumer heading into 2026. From wage growth and labor market dynamics to fiscal policy, tariffs, and immigration, Lisa explains how macro forces are influencing spending patterns — and why resilience is strongest at the high end. The conversation also explores structural shifts shaping stock market trends, including the rise of value-focused retailers, the impact of GLP-1 weight-loss drugs on food and apparel demand, and how AI-driven “agentic commerce” could transform retail media and brand discovery. As capital markets digest these changes, understanding the nuances of consumer behavior is critical for investors.Key insights from this episode:02:11 Introducing The "Two Speed Consumer"04:26 Yellow Flags Ahead - Why the U.S. Consumer Remains Resilient But increasingly K-shaped05:46 Policy Shocks 2026 - How fiscal policy and tariffs could widen income-driven spending gaps08:45 Why Value Retailers and Discounters are Outperforming12:01 GLP One Ripple Effects - How GLP-1 Drugs Are Reshaping Grocery, Apparel, and Beauty categories14:40 How AI Will Change Shopping Trends - What agentic commerce means for retailers, brands, and advertising models17:43 Other Trends Watchlist - Why Health and Wellness Remains A Durable Long-term Consumer Trend20:02 ConclusionsK-shaped economy, U.S. consumer spending, AI in retail, GLP-1 drugs, capital markets, stock market trends, consumer investing, megaforcesSources: “Advance Monthly Sales for Retail and Food Services” February 2026, United States Census Bureau; US Bureau of Economic Analysis (PCE data); FRED 2026, Bureau of Labor Statistics; Wage Growth Data, January 2026, Federal Reserve of Atlanta; Tax refunds per Morgan Stanley, Piper Sandler estimates; “US food outlook 2026”, Bernstein; “GLP-1 Boom Accelerates Nationwide Shift in Size Curves, Putting $5 Billion in U.S. Apparel Retail Inventory at Risk, According to New Impact Analytics Study”, Global Newswire, September 2025This content is for informational purposes only and is not an offer or a solicitation. Reliance upon information in this material is at the sole discretion of the listener. Reference to any company or investment strategy mentioned is for illustrative purposes only and not investment advice. In the UK and non-European Economic Area countries, this is authorized and regulated by the Financial Conduct Authority. In the European Economic Area, this is authorized and regulated by the Netherlands Authority for the Financial Markets. For full disclosures, visit blackrock.com/corporate/compliance/bid-disclosures.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Markets react to fast moving developments in Washington and across asset classes: Adam Crisafulli of Vital Knowledge and Kevin Gordon of Charles Schwab assess the broader market backdrop and debate how investors should position amid policy uncertainty and macro crosscurrents. More tremors in private credit with Mark Pinto of Moody's Ratings. Jim Paulsen outlines what the Federal Reserve's next steps could be as geopolitical volatility and higher energy prices complicate the equation. Jackson Ader of KeyBanc analyzes bellwether Oracle ahead of its earnings next week. Our Sharon Epperson reports on rising 401(k) withdrawals and what increasing retirement stress may signal about the health of the consumer and the broader economy. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

A week into the Iran war and Sir Keir Starmer is scrambling to defend the UK's position on the conflict. Criticised by Donald Trump over blocking the US from using British military bases to launch initial strikes on Iran, and under pressure from allies such as Cyprus to do more to protect the region, the PM is also facing demands to participate in strikes from the British right. But polling suggests the UK public is broadly in line with his policy on the conflict. This week host Lucy Fisher is joined by the FT's chief political commentator Robert Shrimsley, deputy opinion editor Miranda Green and our economics editor, Sam Fleming, to discuss London's response to the war. Plus, the panel examines chancellor Rachel Reeves' spring forecast and the home secretary Shabana Mahmood's new immigration policy.Want more? Keir Starmer calls for de-escalation and defends his leadership over Iran attacksIn defence of hand-wringers and pearl-clutchersTrump threatens to cut trade with ‘terrible' Spain and calls Starmer ‘no Churchill'Rachel Reeves faces hazardous fiscal picture even without Iran warUK to further curtail rights of asylum seekersWealthy Dubai residents race back to UAE to avoid tax billsClips from: BBCWith Kevin Warsh nominated as the next Federal Reserve chair, join FT journalists on Thursday March 19 at 1pm (GMT) for an exclusive subscriber webinar exploring the future direction of the greenback, monetary policy and the global financial system. Register now for The Dollar under Trump at ft.com/trump-dollar and send us your questions.Sign up here for 30 free days of Stephen Bush's Inside Politics newsletter, winner of the World Association of News Publishers 2023 ‘Best Newsletter' award. Our email address is politicalfix@ft.comFollow Lucy on X: @LOS_Fisher and Bluesky; @lucyfisher.ft.com ;Robert: @robertshrimsley and @robertshrimsley.bsky.social; Sam @Sam1Fleming and Miranda: @greenmiranda and @greenmirandahere.bsky.socialPresented by Lucy Fisher. Produced by Clare Williamson and Laurence Knight. The executive producer is Manuela Saragosa. Audio mix by Sean McGarrity. The FT's head of audio is Cheryl Brumley.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Welcome to The Chrisman Commentary, your go-to daily mortgage news podcast, where industry insights meet expert analysis. Hosted by Robbie Chrisman, this podcast delivers the latest updates on mortgage rates, capital markets, and the forces shaping the housing finance landscape. Whether you're a seasoned professional or just looking to stay informed, you'll get clear, concise breakdowns of market trends and economic shifts that impact the mortgage world.In today's episode, we go through trending loan volume data in the residential mortgage industry. Plus, Robbie sits down with FICO's Julie May for a discussion on how lender risk behavior is evolving, what is driving the growing adoption of trended data, and how new distribution models could reshape credit scoring across the mortgage industry. And we close by looking at the evolving expectations for the rate path from the Federal Reserve.This week's podcasts are sponsored by Feewise, which turns mortgage compliance from bottleneck to business accelerator. Handle all the complexities involved with establishing TRID compliant fees and disclosures, achieve sign off, and deliver packages to your consumers for review or signature.

Kevin discusses the following topics and covers the following stories: changes at the Department of Homeland Security; the Federal Reserve released their latest "Biege Bokk," a collection of nationwide anecdotes and data; the U.S. Labor Department reported the Weekly Jobless Claims, Challenger, Gray & Christmas reported layoffs announced by U.S.-based employers; the U.S. Labor Department reported 4th Qtr. Labor Productivity; U.S. Ports report their January throughput; Kevin has the details, sorts through the data, puts the information into historical perspective, offers his insights and opinions.See omnystudio.com/listener for privacy information.

Marc Cox opens Hour 4 with Hillary Clinton's reaction to Congressman Burleson's earlier commentary, highlighting her combative style and 2016 debate reflections. The Queen of Hearts drawing engages listeners while raising funds for St. Louis first responders. Missouri Senator Ben Brown joins to discuss the Save Missouri Act, emphasizing voter verification and electoral security ahead of November elections. School board candidates Lauren Greenwood and David Jaworski explain their campaigns, focusing on parental rights, curriculum oversight, and fiscal responsibility in Francis Howell. The hour concludes with local interest stories, including Girl Scouts selling cookies outside a cannabis dispensary, a deep dive into the Federal Reserve's St. Louis history with Sue Thomas, and a nod to a community fish fry event. Hashtags: #HillaryClinton #QueenOfHearts #SaveMissouriAct #BenBrown #SchoolBoardElections #FrancisHowell #FederalReserve #LocalEvents #CommunityEngagement

Mike Armstrong and Paul Lane discuss a turbulent week in markets as oil prices surge more than 30% in just days, raising fears of a new energy-driven price shock that could complicate the Federal Reserve's path on interest rates. They break down what rising fuel costs could mean for inflation, mortgage rates, and the broader economy as geopolitical tensions continue to escalate.They also dive into a weak jobs report showing 92,000 jobs lost in February, before speaking with Boston Fed economist Mary Burke about the latest Beige Book. The conversation explores why the New England economy appears to be lagging the national average, the region's slowing labor market, and how population trends, hiring caution, and affordability pressures are shaping the economic outlook.

Mike Armstrong and Paul Lane break down a troubling new jobs report showing 92,000 jobs lost in February, raising fresh concerns about the strength of the U.S. labor market. With unemployment ticking higher and job creation slowing sharply over the past year, they discuss whether the economy is starting to show real signs of strain and what it could mean for the Federal Reserve's next interest rate decision.They also examine the sharp surge in oil prices following escalating tensions in the Middle East, why energy markets are reacting so strongly, and how higher gas prices could ripple through consumer sentiment and inflation. Plus, a look at the latest developments in artificial intelligence investing, including SoftBank's massive borrowing plan to fund another major bet on OpenAI.

Federal Reserve Governor Christopher Waller joined "Bloomberg Surveillance TV" to discuss the potential inflationary impact of war with Iran, US payrolls, ongoing risks from tariffs, and his view of private credit markets.See omnystudio.com/listener for privacy information.

Welcome to Episode 220 of the Carpe Fide podcast, where Justin and Jesse Gruber tackle the completely normal, definitely-not-insane internet trend of deciding Hitler actually "wasn't that bad of a guy". Because dropping $100 on Dan Carlin’s Hardcore History archive was simply out of the budget, the guys instead bring on their former pastor and biblical counselor, Joe Schenke, to help them navigate the exhausting hot-button topic of the "post-war consensus". Tune in as the trio dissects the glaring irony of the "woke right"—a deeply confused demographic that vehemently rejects the concept of systemic guilt and racism, right up until it's time to blame a Jewish scapegoat for systematically controlling the entire globe. Along the way, Justin casually flexes his refusal to read Mein Kampf unless it's in the original German, Woodrow Wilson catches a completely random stray for giving us the Federal Reserve, and Joe uses Acts 2 to remind everyone that history is governed by a sovereign God, not secret ethnic cabals. If the shoe fits, wear it; if the truth hurts, bear it; and if you're suddenly getting your worldview from an angry guy on Facebook who thinks the Allied forces were the real bad guys, please just listen to this episode. LINKS Justin mentions this article in the American Reformer...and Jesse remembers to put it in the show notes Use code CARPE FIDE for 10% off your book purchase at Mud Hen Mama's main site Check out the discounted Men's and Women's bundles for our listeners at Old Forge Press We have RELAUNCHED our store! New shirts, colorways, and shipping options are YOURS for the taking (well, buying really, but you know what I'm talking about...) Head to carpefide.com/shop today to grab your new gear! Visit offgridwarehouse.com and use code CF10 for 10% off your offgrid order!! LIKE, SUBSCRIBE, REVIEW! This year we're making an effort to grow our podcast without being cringey. That said, some cringe must happen, and that's happening now. Please head over to iTunes to leave a rating and a comment, subscribe to us on YouTube, and follow us on all the socials to keep up to date, and most of all, leave us some feedback and dialogue with us. You can also drop us a line at hello@carpefide.com We love hearing from you guys!

FF: Inflation, Retirement, and the Fourth Turning The start of the Federal Reserve was around the same time as we changed how we vote for our legislators and started the income tax. We talk about how this changed things here in the U.S. Too much warfare and welfare caused the dollar to reach a crisis moment in 1971. We talk about the upcoming Fed chair, Kevin Warsh, and his viewpoints on inflation. We talk about Social Security, socialized medicine, retirement, and inflation. We also cover how you can know what consumer price inflation will be by looking at the money growth rate in a country. We discuss how you can use assets to have a better financial future. We are nearing the end of the Fourth Turning. Use the information we share to prepare yourself and your family to not only survive but thrive, even with the big changes to come! Sponsors: American Gold Exchange Our dealer for precious metals & the exclusive dealer of Real Power Family silver rounds. Get your first, or next bullion order from American Gold Exchange like we do. Tell them the Real Power Family sent you! Click on this link to get a FREE Starters Guide. Or Click Here to order our new Real Power Family silver rounds. 1 Troy Oz 99.99% Fine Silver Abolish Property Taxes in Ohio: www.AxOHTax.com  Get more information about abolishing all property taxes in Ohio. Our Links: www.RealPowerFamily.com Info@RealPowerFamily.com 833-Be-Do-Have (833-233-6428)

What happens when tariffs collide with AI, oil volatility, margin erosion, and agentic commerce,  all in the same week?In Episode of Around the Horn in Wholesale Distribution, Kevin Brown and Tom Burton break down the accelerating news cycle impacting manufacturers, wholesale distributors, and the global supply chain. From the latest job report and Federal Reserve signals to tariff refund chaos, AI-driven margin strategy, and the Amazon vs. Walmart agentic commerce divide, this episode delivers practical insight for distribution leaders navigating economic uncertainty.If you are asking, “How should distributors respond to tariffs, AI disruption, and margin pressure right now?” This conversation is your roadmap.What You'll Learn:Why the latest U.S. jobs report may not reflect real-time economic reality — and how distributors should interpret lagging indicators like CPI, PPI, and unemployment dataHow tariff refund litigation could create a $40+ billion Wall Street trading frenzy — and why downstream distributors face complex reconciliation challengesThe real drivers of margin erosion in wholesale distribution, including internal discounting and product mix blind spotsHow AI-powered discovery systems (like the DAGA framework: Discover, Alert, Guide, Automate) can unlock 40–50% revenue growth from existing accountEpisode Highlights:03:15 – Why the news cycle now shifts between Thursday night and Friday morning12:09 – February jobs report: 92,000 jobs lost and what that signals for the Fed22:40 – Oil volatility, the Strait of Hormuz, and supply chain risk exposure29:43 – Tariff increases to 15% and the Supreme Court refund implications40:18 – Wall Street's move to buy tariff refund claims at a discount59:14 – Margin erosion in distribution and the three silent profit killers1:06:00 – The DAGA framework: Discover, Alert, Guide, Automate1:13:46 – Amazon vs. Walmart: Competing models for agentic commerce1:22:33 – “Your data is worthless until you give it purpose”Tools, Frameworks, and Strategic Concepts Mentioned:DAGA Framework – Discover, Alert, Guide, AutomateAI-driven white space analysisMargin mix optimizationAgentic commerce modelsPredictive sales intelligence and guided sellingAI-enabled demand forecastingData clarity vs. data overloadKey Themes for Distribution Leaders:Tariffs are not just policy, they are operational complexityMargin compression is often self-inflicted through unmanaged discountingAI should enhance sales teams, not replace themData without context is decorationClosing Insight:“AI is not about replacing people. It's about making good people better.”Leave a Review: Help us grow by sharing your thoughts on the show.Learn more about the LeadSmart AI B2B Sales Platform: https://www.leadsmarttech.com/ Join the conversation each week on LinkedIn Live.Want even more insight to the stories we discuss each week? Subscribe to the Around The Horn Newsletter.You can also hear the podcast and other excellent content on our YouTube Channel.Follow us on Facebook, Twitter, Instagram, or TikTok.

 Oil Prices Explode as Jobs Report Tanks — What It Means for Mortgage RatesThe latest economic data just shocked the markets.The U.S. jobs report came in dramatically weaker than expected, showing −92,000 jobs, while the unemployment rate jumped to 4.4%. At the same time, oil prices surged from around $60 to $86 per barrel, creating a major new inflation threat.Now the Federal Reserve is stuck in the middle of a difficult economic dilemma.Weak jobs data normally pushes the Fed toward cutting interest rates, but rising oil prices could drive inflation higher, which could force the Fed to keep rates elevated.In today's episode of The Rate Update, we break down:• Why the jobs report turned negative• What caused oil prices to spike so quickly• How energy prices impact inflation• The Federal Reserve's policy dilemma• What this means for mortgage rates and the housing marketIf you're a homebuyer, homeowner, or real estate investor, these economic shifts could directly impact mortgage rates and housing affordability.On this channel we analyze the 10-Year Treasury, mortgage-backed securities (MBS), inflation data, jobs reports, and Federal Reserve policy to explain exactly where mortgage rates may go next.No hype.No spin.Just real mortgage and economic data explained simply.

 Oil Prices Explode as Jobs Report Tanks — What It Means for Mortgage RatesThe latest economic data just shocked the markets.The U.S. jobs report came in dramatically weaker than expected, showing −92,000 jobs, while the unemployment rate jumped to 4.4%. At the same time, oil prices surged from around $60 to $86 per barrel, creating a major new inflation threat.Now the Federal Reserve is stuck in the middle of a difficult economic dilemma.Weak jobs data normally pushes the Fed toward cutting interest rates, but rising oil prices could drive inflation higher, which could force the Fed to keep rates elevated.In today's episode of The Rate Update, we break down:• Why the jobs report turned negative• What caused oil prices to spike so quickly• How energy prices impact inflation• The Federal Reserve's policy dilemma• What this means for mortgage rates and the housing marketIf you're a homebuyer, homeowner, or real estate investor, these economic shifts could directly impact mortgage rates and housing affordability.On this channel we analyze the 10-Year Treasury, mortgage-backed securities (MBS), inflation data, jobs reports, and Federal Reserve policy to explain exactly where mortgage rates may go next.No hype.No spin.Just real mortgage and economic data explained simply.

This week delivered major shocks across the global economy.• Oil prices surged sharply amid escalating tensions in the Middle East• The latest jobs report came in negative, with nearly 100,000 jobs lost• The unemployment rate jumped higher• Stock markets fell sharply as investors reacted to the newsNow the big question is:What happens next?In this LIVE episode of The Rate Update, we'll break down everything that happened this week and look ahead to what could move markets next.We'll cover:• Mortgage rates and the housing market outlook• The impact of the jobs report and rising unemployment• Why oil prices are spiking and what that means for inflation• How the Federal Reserve may respond• What the bond market and 10-Year Treasury are signaling• Outlook for stocks, bonds, crypto, and mortgage rates next weekIf you're a homebuyer, homeowner, or real estate investor, understanding these market shifts is critical to making smarter financial decisions.Join us live and ask your questions in the chat.

 Oil Prices Explode as Jobs Report Tanks — What It Means for Mortgage RatesThe latest economic data just shocked the markets.The U.S. jobs report came in dramatically weaker than expected, showing −92,000 jobs, while the unemployment rate jumped to 4.4%. At the same time, oil prices surged from around $60 to $86 per barrel, creating a major new inflation threat.Now the Federal Reserve is stuck in the middle of a difficult economic dilemma.Weak jobs data normally pushes the Fed toward cutting interest rates, but rising oil prices could drive inflation higher, which could force the Fed to keep rates elevated.In today's episode of The Rate Update, we break down:• Why the jobs report turned negative• What caused oil prices to spike so quickly• How energy prices impact inflation• The Federal Reserve's policy dilemma• What this means for mortgage rates and the housing marketIf you're a homebuyer, homeowner, or real estate investor, these economic shifts could directly impact mortgage rates and housing affordability.On this channel we analyze the 10-Year Treasury, mortgage-backed securities (MBS), inflation data, jobs reports, and Federal Reserve policy to explain exactly where mortgage rates may go next.No hype.No spin.Just real mortgage and economic data explained simply.

TECHNATE NAVY - 03.04.2026 - #920 BestPodcastintheMetaverse.com Canary Cry News Talk #920 - 03.04.2026 - Recorded Live to 1s and 0s Deconstructing World Events from a Biblical Worldview Declaring Jesus as Lord amidst the Fifth Generation War! CageRattlerCoffee.com SD/TC email Ike for discount https://CanaryCry.Support   Send address and shirt size updates to canarycrysupplydrop@gmail.com Join the Canary Cry Roundtable of Knights and Dames   Join the Canary Cry Roundtable This Episode was Produced By:   Executive Producers Mrs TinfoilHatMan*** Sir LX Protocol Baron of the Berrean Protocol***   Producers of TREASURE (CanaryCry.Support) Jason B, Rebecca T, Julie S, Jonathan F, Cage Rattler Coffee, Veronica D, Sir Scott Knight of Truth,  Sir Casey the Shield Knight   Producers of TIME Timestampers: Jade Bouncerson, Morgan E Clankoniphius Links: JAM, Adam42   SIR IKE SUPPLY DROP GIVEAWAY!   Cage Rattler Coffee     Gonz saw the Red Moon X Blow Up   NEPHILIM UPDATE 19:41 Neanderthal "sons of God?" (National Geographic) → Scientists Are Rediscovering the Nephilim and Refusing to Say It (Charisma)   EXECUTIVE PRODUCERS 36:36 CanaryCry.Support   AMERICA LOVES BOATS 48:20 Insurance cartel closes Straight of hormuz (TA) Clip: Iranian Navy reduced to Zero CENTCOM (X) Trump Truth - Hormuz trade (X) Trumps insurance as rivals cancel policies (Telegraph)   Clip: Spain kicks America off bases (x) Clip: Spain agrees to cooperate (X)   Ecuador invasion begins (X/US Southcomm)   CYBERPANDEMIC/MONEY/CRYPTO 1:41:44 US banks on high alert for cyberattacks as Iran war escalates (Reuters) → Kraken gets Federal Reserve account (Trading View)   BEAST SYSTEM 1:49:40 Big Tech companies to meet Trump at WH to sign pledge on data center power costs (Fox)   WW3/BIBLICAL 2:04:15 Investigating claim US troops were told Iran war is for 'Armageddon,' return of Jesus (Snopes) Four biblical signs the world has entered the end of days as US bombs Iran (Daily Mail)   SHILLZILLA/33 - merideth 2:16:39 Chris Cillizza is on a spiritual journey (X) Chris is searching for Christ (Substack)   PRODUCERS 2:25:34 END 2:34:04

Israel expects war against Iran to last weeks and Ayatollah Khamenei's son emerges as a leading candidate for supreme leader. Plus, the Federal Reserve grants crypto exchange Kraken access to its core payments system, inside the collapse of UK property lender Market Financial Solutions, and US Treasury secretary Scott Bessent says the new 15% tariff rate could start this week. Mentioned in this podcast:Ali Khamenei's son Mojtaba emerges as a leading candidate for supreme leader of IranGulf insurance costs soar 12-fold despite Trump guaranteeFederal Reserve grants Kraken access to payments system in first for crypto groupCollapse of UK property lender sends shockwaves through Wall StreetScott Bessent says 15% global tariff ‘likely' to be imposed this weekSend your tariffs stories to marc.filippino@ft.comNote: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig, and Henry Larson. Our show was mixed by Kelly Garry. Additional help from David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT's Global Head of Audio. The show's theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

It's Thursday, March 5th, A.D. 2026. This is The Worldview in 5 Minutes heard on 140 radio stations and at www.TheWorldview.com.  I'm Adam McManus. (Adam@TheWorldview.com) By Jonathan Clark 9 Nigerian Muslims on trial for killing 200 Christians Nine Fulani Muslim herdsmen are on trial in Nigeria for participating in the massacre of over 200 Christians in the country last year. Christian Daily International reports this is a rare case of prosecution against the Fulani herdsmen. The prosecution comes as the United States is calling on the country to combat Christian persecution. The U.S. is considering a bilateral agreement with Nigeria to protect Christian communities there and eliminate jihadist terror.  Psalm 7:9 says, “Oh, let the wickedness of the wicked come to an end, but establish the just; for the righteous God tests the hearts and minds.”  Nigerian Anglicans reject the homosexual agenda of Church of England Speaking of Nigeria, the Global Anglican Future Conference is meeting this week in the West African country.  The movement of conservative Anglican churches, mainly in Africa and Asia, supports Biblical sexuality. The group has effectively broken off from the Anglican Communion led by the Church of England.  Sarah Mullally is set to become the first female archbishop of Canterbury in the Church of England. Sadly, she supports blessings for homosexual couples.  The Global Anglican Future Conference now plans on appointing its own leader who will represent Biblical values. The conservative group says it represents 85 percent of the world's practicing Anglicans. Christian teacher vindicated for refusing to say inaccurate pronouns In the United States, an Indiana school district agreed to pay $650,000 in a religious freedom lawsuit. Brownsburg Community School Corporation forced John Kluge, a Christian music teacher, to resign for not using biologically incorrect pronouns.  David Cortman with Alliance Defending Freedom commented on the case. He said, “After almost five and a half years, common sense has prevailed at Brownsburg. … Schools should learn that refusing to accommodate religious employees can be illegal and expensive.” Red state families having more babies than blue state families The Institute for Family Studies reports that the women in red states are birthing more babies than those in blue states since the COVID-19 pandemic. The 20 states that voted Democrat in 2024 saw a decline in people in their 20s and kids under 10 compared to 2019. Meanwhile, Republican-leaning states often had cheaper housing and tended to attract parents with young kids. States like Idaho, South Carolina, Florida, and Tennessee saw a 10% increase in married families with young children over the last five years. States like California, New York, and Illinois saw a decline in such families.  Trump cut federal workforce by 12% The federal government's civilian workforce shrunk by over 380,000 people during the first year of President Donald Trump's second term.   That's a 12% workforce reduction between September 2024 and January 2026. The U.S. Office of Personnel Management reported the numbers yesterday. Scott Kupor, the director of the agency, said, “This effort ensures taxpayer dollars support a workforce that delivers efficient, responsive and high-quality services.” Mortgage rate fell to 5.98% Mortgage rates fell below six percent for the first time in years. The average 30-year fixed mortgage rate fell to 5.98 percent last week. It has not been that low since September 2022. Recent rates peaked at 7.8 percent in October 2023. Mortgage rates have been coming down slowly since the Federal Reserve began cutting its benchmark interest rate last year.  Only 4% of American adults have Biblical worldview And finally, Dr. George Barna released his latest survey on Biblical worldview. Sadly, only four percent of U.S. adults have a Biblical worldview. That's unchanged compare to 2023 and down from 12 percent in 1994. Most Americans, over eight in ten, may believe some Biblical principles but often think and live in ways that conflict with the Bible. Also, only two percent of young adults have a Biblical worldview. The survey noted, “Despite the increased attention given to faith matters after the Charlie Kirk murder, and the growth in church attendance and individuals purchasing Bibles immediately after that incident, there is no hint of improvement when it comes to Biblical worldview.” However, Dr. Barna wrote, “We reached a low point—4%— in 2023. The fact that we have not plumbed new depths since then hopefully suggests that we have bottomed out and are in line to experience positive growth in biblical thought and action.” Romans 12:2 says, “Do not be conformed to this world, but be transformed by the renewing of your mind, that you may prove the good and acceptable and perfect will of God.” Close And that's The Worldview on this Thursday, March 5th, in the year of our Lord 2026. Follow us on X or subscribe for free by Spotify, Amazon Music, or by iTunes or email to our unique Christian newscast at www.TheWorldview.com.  Plus, you can get the Generations app through Google Play or The App Store. I'm Adam McManus (Adam@TheWorldview.com). Seize the day for Jesus Christ.

Oil prices are surging as tensions escalate between the US, Israel and Iran but what does it mean for inflation, interest rates and global markets?In this episode of the AmplifyME Market Maker Podcast, Anthony Cheung and Piers Curran break down the macroeconomic implications of the rapidly escalating conflict in the Middle East and explain why traders and investors are paying close attention to energy markets.With Brent crude jumping sharply and the Strait of Hormuz once again emerging as a critical geopolitical chokepoint, the discussion explores how disruptions to global energy supply could ripple through the financial system. Around 20% of global oil supply passes through this narrow shipping lane, meaning any disruption has the potential to push energy prices higher and reshape inflation expectations worldwide.The episode also examines how rising energy prices could influence Federal Reserve policy, delay potential interest rate cuts and create fresh inflation pressure just as central banks believed price stability was returning. The hosts discuss the different risks facing the US and Europe, and whether this geopolitical shock is likely to be a short-term flare-up or the beginning of a broader economic risk.(00:00) Iran Conflict & Market Impact(02:10) Strait of Hormuz Explained(09:07) Brent vs WTI(10:38) Why Oil Matters for the Economy(13:10) Shipping Risks in the Gulf(15:35) Trump's Oil Strategy(19:11) Oil and the US Economy(20:52) Will Oil Delay Rate Cuts?(21:52) Strategic Oil Reserves(28:15) Impact on Markets(31:21) Warsh's Baptism of Fire(35:10) Short-Term Oil Shock?(39:31) Europe's Inflation Risk(44:04) ECB's Monetary Policy Disaster(46:00) Will Central Banks Hike?

Joseph Sternberg reports that Kevin Warsh aims to reduce the Federal Reserve's $2.9 trillion in bank reserves, sparking a debate over the central bank's size relative to the economy. 5.1890 PERSIA

3-3-20261600  WORLDElizabeth Peek reports that Iran attacks Qatar's gas fields, causing European prices to soar by 50% as the continent relies on US liquified natural gas amidst a cold winter. 1.Elizabeth Peek reports that Democrats break tradition by opposing the administration during wartime, citing potential anti-Israel sentiment and risks to the upcoming midterms as the conflict with Iran escalates. 2.Judy Dempsey reports that the UAE raises combat readiness after intercepts over Dubai, while Europe faces depleted energy stocks and a lack of strategic clarity from Washington regarding the conflict. 3.Judy Dempsey reports that recent polls show US voters oppose intervention in Iran, while rumors of internal administration friction suggest a lack of unified strategy for the expanding war. 4.Joseph Sternberg reports that Kevin Warsh aims to reduce the Federal Reserve's $2.9 trillion in bank reserves, sparking a debate over the central bank's size relative to the economy. 5.Joseph Sternberg reports that a shrinking working-age population forces Germany to focus on productivity and innovation, as Chancellor Friedrich Merz navigates welfare state sustainability and potential brain drain. 6.Gregory Copley reports that gold and oil prices fluctuate as Pakistan strikes Taliban targets in Afghanistan and Israelexpands ground operations into Lebanon to dismantle Hezbollah's resurgent military infrastructure. 7.Gregory Copley reports that Israeli missiles reportedly hit a meeting of Iran's Council of Experts, while the administration considers supporting Crown Prince Reza Pahlavi for a post-regime future. 8.Mary Kissel reports that Beijing watches US munitions depletion and asset movements, potentially using homeland distractions to prepare for future aggression against Taiwan or Philippine territory in Asia. 9.Mary Kissel reports that while Maduro is rendered, his lieutenants maintain control in Caracas, slow-walking transition efforts as Maria Corina Machado plans her return to lead the nation. 10.Jonathan Schanzer reports that IDF ground troops enter Lebanon to "clean house," targeting missile silos and leadership, while secret talks explore normalization between the two nations after Hezbollah's removal. 11.Jonathan Schanzer reports that Iran's attacks on neutral Gulf nations backfire, pushing previously hesitant allies like Qatar and Oman toward a unified front with Israel and the United States. 12.Bill Roggio reports that escalating border clashes result in the destruction of former US equipment, while Pakistanpressures the Afghan Taliban to restrain extremist groups attacking inside Pakistani territory. 13.Bill Roggio reports that the US exercises extreme caution with battle-hardened Popular Mobilization Forces in Iraq, fearing retaliation against its small footprint of personnel and the Baghdad embassy. 14.Alejandro Peña Esclusa and Ernesto Araújo report that Secretary of State Rubio discusses a transition for the cash-strapped Cuban regime, while Venezuela's Rodriguez brothers continue to stall on releasing political prisoners. 15.Ernesto Araújo and Alejandro Peña Esclusa report that President Lula faces domestic polling challenges and USsanctions while attempting to balance his leftist base's support for Iran with necessary trade relations with Trump. 16.

Our Deputy Global Head of Research Michael Zezas and Head of Public Policy Research Ariana Salvatore assess the potential market outcomes of the Middle East conflict, weighing its possible duration and economic impact.Read more insights from Morgan Stanley.----- Transcript -----Michael Zezas: Welcome to Thoughts on the Market. I'm Michael Zezas, Morgan Stanley's Deputy Global Head of Research. Ariana Salvatore: And I'm Ariana Salvatore, Head of Public Policy Research. Michael Zezas: Today we're discussing the escalating U.S.-Iran conflict, the market reaction, and what investors should be watching for next. It's Wednesday, March 4th at 7:30am in San Francisco. Ariana Salvatore: And 10:30am in New York. Michael Zezas: So, Ariana, I'm in San Francisco at Morgan Stanley's TMT Conference, but obviously events in the Middle East have captured everyone's attention. There's uncertainty around the conflict and really important questions about how it affects all of us. And of course, markets have to discount all sorts of future uncertainty about very specific impacts – to financial asset prices, to commodity prices – and really look at it through that narrow lens.And so, Ariana, the administration has suggested that this conflict and this campaign could last a few weeks. But also it said it could continue as long as it takes. So, what are the clearest signals investors should watch for to gauge duration? Ariana Salvatore: For now, we're focused on three main indicators. First, I would say, and most important, is clarity around the objectives. The president and others in the administration have referenced things like eliminating Iran's missile arsenal, its navy and limiting proxy activity. Those goals are broader than the earlier focus on just the nuclear programs. Each objective, of course, implies a different timeline. A narrower objective likely means a shorter engagement. Broader ambitions, conversely, would extend it. So that's the first thing. Second, obviously extremely important is traffic through the Strait of Hormuz. We'd viewed a full closure as unlikely, given the economic consequences for Iran itself. But tanker flows have at least temporarily fallen close to zero, and that's significant because production across the region has not been impaired. This is not about oil fields going offline. It's about whether or not oil can actually move. If shipping lanes normalize within weeks, markets can recalibrate. However, if flows remain materially curtailed beyond five weeks, the risks rise meaningfully. Third, the frequency of strikes and proxy activity. Sustained or escalating engagement would suggest a longer conflict. Signs of diplomacy, on the other hand, might indicate de-escalation. Michael Zezas: Right. So, let's build on that and talk about oil. And our colleague, Martijn Rats has really laid this out with a lot of different scenarios. But what we're seeing right now is that when it comes to oil, this is really a shock to the transport of it, not necessarily a shock to its production. So, oil supply exists. The question is really – can it be delivered or not? So, if tanker flows normalize and the geopolitical risk premium fades, what Martijn is saying is that global oil prices could move back towards $60 to $65 a barrel. If the logistical disruption lasts four to five weeks, then prices maybe trade in the $75 to $80 range. And if disruption extends beyond five weeks and flows are materially constrained, then you could see a situation where oil prices have to rise towards $120 or $130 a barrel. And at that level, demand destruction is what becomes the balancing mechanism in setting price for oil. So, one signal to watch is longer dated oil prices. Early month contracts can spike during geopolitical stress, but a sustained move materially above $80 to $85 [per] barrel would likely require longer dated prices to move higher as well. And that might signal that markets believe the disruption is persistent and not temporary. Ariana, what about natural gas here? How does gas situation fit into the energy story? Ariana Salvatore: As of this recording, Qatar has halted liquified natural gas production putting roughly 20 percent of global supply at risk. Prices have, as you might expect, risen sharply, which likely reflects expectations of a relatively short disruption. If exports were to resume quickly, prices could retrace. But, of course, if the outage lasts longer, prices could move meaningfully higher. Again, duration of the conflict is really critical here. Michael Zezas: So, let's bring this back to the U.S. Ariana, how does this conflict feed into the domestic, political and economic backdrop? Ariana Salvatore: When we're thinking about the midterm elections later this year, the way we see it, the clearest transmission channel is gasoline prices. Polling shows a majority of Americans oppose military action related to Iran, but voters typically prioritize domestic issues: things like inflation, cost of living, affordability over foreign policy. However, there's a very clear caveat here. If oil prices stay elevated, gasoline prices rise, and that's where this becomes politically more salient. Michael Zezas: Right, and so our economists and our chief U.S. Economist Michael Gapen has been all over this. And the way he assesses it is if oil prices remain about 10 percent higher than where they were before the conflict for several months, headline inflation would likely rise by 0.3 percent before dissipating. Historically, oil price shocks primarily affect headline inflation rather than underlying inflation. That's an important distinction that they point out. So maybe that could delay Federal Reserve rate cuts, even if policymakers ultimately look through the move. But if oil prices rise enough to weaken economic activity, particularly in the labor market or consumer spending, then our economists say the Fed could pivot toward easing despite elevated inflation. Ariana Salvatore: So, given that backdrop, what's the simple takeaway for investors in stocks or bonds? Michael Zezas: Right. So, I think we have to think about this in terms of duration of conflict and economic impact. So, if tanker flows normalize within a few weeks and oil prices move back towards that $60 to $65 range, then our economists are saying economic damage would be limited. And historically geopolitical events alone have not led to sustained volatility for U.S. equities. So, in that environment, our cross-asset team points out that stocks would likely remain supported. If instead, oil prices remain elevated long enough to push inflation higher and weigh on growth, the picture would change. A sharp and persistent rise in oil prices – that can pose a risk to the duration of the business cycle, and in that scenario, we'd expect stocks to struggle. Importantly, bonds may not provide the same diversification benefit if inflation remains sticky as a consequence of all of this. We could see stock and bond prices move in the same direction. That could challenge traditional balanced portfolios. Ariana Salvatore: And what are we seeing specifically in U.S. Treasury markets? Michael Zezas: So, as Matt Hornbach and our global macro strategy team have pointed out here, you've got two competing forces in the U.S. Treasury market. There's been some demand for safety, but investors are also focused on the risk that higher oil prices would lift inflation. So far, inflation concerns have taken precedence over growth concerns. How long that balance holds – that might depend on incoming data, especially labor market data. If you get weaker labor market data suggesting that growth could weaken, then you could see treasuries rally more meaningfully and yields come down. If you don't see that and inflation concerns dominate, then maybe you're not going to see yields come down as much. And bonds rally as much. Ariana Salvatore: So, stepping back, it seems like the key variables remain tanker traffic, longer dated oil prices and duration of the conflict itself. Michael Zezas: I think that's right. Ariana, thanks for speaking with me. Ariana Salvatore: Always a pleasure, Mike. Michael Zezas: And thanks to our listeners for joining us. We'll continue tracking developments and what they mean for markets. If you enjoy Thoughts on the Market, please take a moment to rate and review us wherever you listen and share the podcast with a friend or colleague.Important note regarding economic sanctions. This report references jurisdictions which may be the subject of economic sanctions. Readers are solely responsible for ensuring that their investment activities are carried out in compliance with applicable laws.

Plus: Kraken becomes the first crypto firm to win access to the Federal Reserve's core payments system. And OpenAI CEO Sam Altman defended his Pentagon deal during an all-hands meeting. Danny Lewis hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Kraken secures access to a Fed master account. What does it mean for crypto? Kraken has become the first crypto-native company to secure direct access to the Federal Reserve's payment systems. In today's Markets Outlook Jonathan Jachym, Kraken's Global Head of Policy and Government Relations, joins CoinDesk's Jennifer Sanasie to discuss the years-long journey to this milestone and what it means for the future of U.S. dollar settlement and institutional crypto adoption. Plus, Kraken's response to President Trump's recent calls for the Senate to pass the CLARITY Act and stop banks from "undercutting" American innovation. - Timecodes: 01:03 - Inside Kraken's Historic Fed Approval02:27 - The Four-Year Regulatory Journey04:40 - Bypassing Banks to Make Transfers Faster and Safer06:15 - Why Kraken Won Where Others Failed08:16 - Response to Pushback from Banks on Fed Master Accounts10:16 - Trump's CLARITY Act Push vs. The Banks - This episode was hosted by Jennifer Sanasie.

We start with President Donald Trump's assessment of the US-Israeli war with Iran, as casualties rise. The Senate voted on another bill aimed at checking Trump's war powers. We'll tell you the new actions House lawmakers are taking as part of the Jeffrey Epstein probe and allegations against a Texas Republican. The President has officially nominated the Federal Reserve chair's replacement. Plus, the alarming threat that could spell trouble for the world's coastlines. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Tensions between the United States and Iran are adding new uncertainty to the global economy — and that could have real implications for real estate investors. In this episode of Real Estate News for Investors, Kathy Fettke breaks down how escalating conflict in the Middle East could impact oil prices, inflation, and the Federal Reserve's path for interest rates. Kathy explains the key economic signals investors should be watching right now — including oil prices, mortgage rates, and consumer confidence — and what different economic scenarios could mean for the housing market. While geopolitical events can create volatility, long-term real estate fundamentals still come down to smart market selection, strong cash flow, and conservative financing. This episode will help investors understand the bigger economic picture and how global events can shape the housing market here in the United States. Source: https://www.reuters.com/world/middle-east/iran-conflict-poses-new-risk-us-economic-resilience-2026-03-02/ 

Financial education is expanding nationwide—but much of it is still teaching speculation instead of investing. Don and Tom critique stock-picking contests, flawed risk frameworks, and misleading “active vs. passive” framing, while arguing for evidence-based investing and early Roth contributions as the true foundations of financial literacy. They break down the compounding power of a 529-to-Roth strategy, address custodial transaction fees when selling mutual funds, caution against performance chasing in emerging markets after a major rally, and help a caller navigate moving an elderly parent's CD out of a low-yield bank account. The through-line: education is powerful—but only if it's grounded in reality. 0:04 Financial education expanding nationwide—but stock-picking contests still dominate curricula. 2:14 Why stock games teach trading, not investing. Own the market instead. 3:32 Federal Reserve curriculum critique—risk scales and “active vs passive” framing. 6:10 Teach teenagers Roth IRAs early. Time is the superpower. 7:36 Questionable risk ratings—growth stocks equated with collectibles. 9:17 Efficient Market Hypothesis in plain English—luck vs insider info. 10:45 529 plans and Roth rollovers—$35K opportunity. 11:37 Compounding example—$35K to nearly $2M tax-free over 40+ years. 15:43 Withdrawing from a Vanguard target-date fund—costs and custodian fees. 20:07 Performance chasing—emerging markets surge after tariff ruling. 23:13 South Korea's role and Avantis outperformance. 28:40 Helping an elderly parent move a $200K CD—avoid automatic rollovers. Learn more about your ad choices. Visit megaphone.fm/adchoices

March 3, 2026: The hype around AI and jobs is loud. The actual data tells a more nuanced story. This week, Stanford economist Nick Bloom released the most rigorous study yet on AI's impact on employment and productivity — surveying nearly 6,000 executives across four countries with the Federal Reserve and Bank of England. The findings are striking: 90% of firms report zero employment impact from AI so far, yet US executives are planning to cut over two million jobs in the next three years based on gains that haven't materialized yet. We break down what that gap means for workers, leaders, and organizations. Plus: CNN pushes back on the viral AI doom-loop narrative — and why "don't freak out yet" isn't the same as "you're fine." Why 43% of workers want to change careers but almost none will — and the psychological trap behind what researchers are calling "job hugging." And the central irony of the AI economy: the companies spending trillions to automate knowledge work can't build the infrastructure to run it because there aren't enough electricians — and why Gen Z is starting to pay attention. ---------- Start your day with the world's top leaders by joining thousands of others at Great Leadership on Substack. Just enter your email: ⁠⁠https://greatleadership.substack.com/ Quick heads-up: my new book, The 8 Laws of Employee Experience, is a practical playbook for building an environment where people do their best work—order a copy here: 8EXlaws.com

In this episode of Crypto Town Hall, the hosts celebrate Bitcoin surging above $70,000 amid global market volatility and geopolitical tensions from the Iran conflict, highlighting its resilience as a potential safe-haven asset. Key discussions include Kraken gaining unprecedented Federal Reserve master account access (a major step toward crypto becoming neo-banks), Jamie Dimon's push for bank-style rules on stablecoin yields (seen as a desperate monopoly defense), Trump's criticism of banks threatening the GENIUS Act/Clarity Act progress, and ongoing stablecoin/regulatory battles. Guests and panelists debate Bitcoin's price action, potential relief rally, altcoin dynamics, and the broader shift toward on-chain reputation and AI integration in crypto, with optimism around institutional inflows and reduced uncertainty driving the bullish momentum.

Kraken secures access to a Fed master account. What does it mean for crypto? Kraken has become the first crypto-native company to secure direct access to the Federal Reserve's payment systems. In today's Markets Outlook Jonathan Jachym, Kraken's Global Head of Policy and Government Relations, joins CoinDesk's Jennifer Sanasie to discuss the years-long journey to this milestone and what it means for the future of U.S. dollar settlement and institutional crypto adoption. Plus, Kraken's response to President Trump's recent calls for the Senate to pass the CLARITY Act and stop banks from "undercutting" American innovation. - Timecodes: 01:03 - Inside Kraken's Historic Fed Approval02:27 - The Four-Year Regulatory Journey04:40 - Bypassing Banks to Make Transfers Faster and Safer06:15 - Why Kraken Won Where Others Failed08:16 - Response to Pushback from Banks on Fed Master Accounts10:16 - Trump's CLARITY Act Push vs. The Banks - This episode was hosted by Jennifer Sanasie.

Preview for later today: Liz Peek explores why investors failed to anticipate the Iran conflict, analyzing how rising oil prices and war impact the Federal Reserve's economic mandates.1905 BAKU

This week, Jason is joined by one of the most influential voices in American economics — Austan Goolsbee, President and CEO of the Federal Reserve Bank of Chicago!In a rare and time-sensitive episode, Jason goes straight to the source on what's happening in the economy right now — so timely, in fact, the Fed required the episode to be released before their next meeting. Austan breaks down what the Federal Reserve actually does (and what it doesn't), why Chicago has its own Fed, and how monetary policy decisions get made behind the scenes — from interest rates and inflation to employment and consumer spending.Austan also opens up about his path from University of Chicago professor to the White House, including how a personal connection with Barack Obama turned into a front-row seat during one of the most intense economic moments in modern history. He shares what surprised him most about policymaking in Washington, the pressure of making massive decisions with limited information, and why having diverse perspectives — your own “personal board of directors” — matters more than people realize.They get into why consumers still feel crushed by prices even when inflation cools, what's driving the strength of the economy, and why housing affordability may be the biggest long-term issue facing younger generations. Austan even reveals what he considers the ultimate trading secret — and why, despite everything that can go wrong in the world, long-term investing has historically rewarded patience and belief in human innovation.Austan reveals all this and more in another episode you can't afford to miss!Host: Jason TartickCo-Host: David ArduinAudio: John GurneyGuest: Corporate Bro Ross PomerantzStay connected with the Trading Secrets Podcast! Instagram: @tradingsecretspodcast Youtube: Trading SecretsFacebook: Join the GroupPebl hipebl.ai Pebl's AI-powered EOR platform simplifies building and managing teams in 185+ countries, enabling fast, seamless growth across bordersWayfair https://www.wayfair.com/ Wayfair is a leading online home goods and furniture retailer offering millions of products across décor, furniture, and housewares from thousands of global suppliers. It's built a technology-focused e-commerce platform that makes it easy for customers to find and buy items for every space in their home.Square square.com/go/[tradingsecretsSquare is a financial technology platform that provides businesses with point-of-sale systems, payment processing, and tools to manage operations, payroll, and online sales. Originally known for its easy-to-use card readers, Square now offers a full suite of software and services to help businesses run and grow.Rula https://www.rula.com/tradingsecrets Rula is an online mental health care platform that connects people with licensed therapists and psychiatric providers who accept insurance, often with low average copays. It offers flexible online therapy and support tailored to individual, couples, family, and teen needs