Central banking system of the United States
GORDON CHANG, Contributor, Gatestone Institute, Newsweek, Author, “The Coming Collapse of China,” “Nuclear Showdown: North Korea Takes the World, “Losing South Korea,” and “The Great US-China Tech War,” @Gordongchang Gordon Chang discusses the various dangers athletes and spectators may be subjected to should they participate in the 2022 Beijing Winter Olympic Games Chang makes the case of decoupling from China: “You're not really looking at market fundamentals anymore, you're looking at political decisions of a Communist regime” Chang: China has somewhere between 35 to 45 million more men than women BILL WALTON, Chairman, Resolute Protector Foundation, Host, The Bill Walton Show, Senior Fellow, Discovery Institute's Center on Wealth, Poverty and Morality, @billwaltonshow Bill Walton responds to China's declining birthrates: “Population is one of the strong indicators that's linked to economic growth…China's curve's moving the other direction” What implications will President Joe Biden's nomination of Sarah Raskin to serve as the next vice chair for supervision at the U.S. Federal Reserve have on monetary policy moving forward? Will Raskin push the Fed to write about climate change as a “systemic risk” Walton: Larry Fink is a genius with money, not at climate change or public policy AMB. YORAM ETTINGER, Former Minister for Congressional Affairs, Embassy of Israel in the U.S., Former Consultant to Israeli and US legislators, @YoramEttinger Amb. Yoram Ettinger discusses how the Iranian regime has not changed since revolution Yoram delves into the wider relationship between the Palestinians and the international Arab community at larger What is the current state of Israel-China relations?
Cascading crises rocked Wall Street and the stock market, which crashed yesterday, as inflation spikes and the economy slows. Things are about to get much worse as the Federal Reserve plans to raise interest rates. Professor Richard Wolff is an author & co-founder of the organization Democracy at Work. You can check out his work at rdwolff.com. Please make an urgently-needed contribution to The Socialist Program by joining our Patreon community at patreon.com/thesocialistprogram. We rely on the generous support of our listeners to keep bringing you consistent, high-quality shows. All Patreon donors of $5 a month or more are invited to join the monthly Q&A seminar with Brian.
The web site for requesting free at home COVID tests is now up and running in beta version, according to officials.Covidtests.gov is the web site address for requesting the tests, and 4 tests per family will be mailed to those who place a request.In market news, the Dow lost more than 600 points by early afternoon Tuesday, as investors weighed rate hikes likely to come from the Federal Reserve later this year.Get into crypto with $10 bonus when you buy or sell $100 of Bitcoinhttps://www.gemini.com/share/Eyem0i Learn more about FULCRUM https://www.fulcrumnews.com/about Get the membership! https://www.fulcrumnews.com/subscribe Show community & discussion https://facebook.com/FulcrumNews https://minds.com/fulcrum_news
Bond yields rose across the curve Tuesday and stocks sank, as investors began to price in the potential impact of as many as four Federal Reserve rate hikes in 2022. The U.S. 10-year yield jumped to 1.865%, the highest it's been since January 2020, and the German 10-year bund moved to within one basis point of turning positive for the first time since 2019. U.S. equity indexes were off nearly 2%, while European stocks fell about 1%. The CBOE Volatility Index (known as the “fear gauge”) surged as much as 20% intraday. Meanwhile, Brent and West Texas Intermediate crude prices continued to rise on strengthening global demand and tightening tensions in the Middle East. Still, all eyes are on the Federal Reserve. Alfonso Peccatiello of The Macro Compass welcomes back Nordea Markets Global Rates Strategist Andreas Steno Larsen for a European perspective on what's driving markets today. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3fD6xhw Learn more about your ad choices. Visit megaphone.fm/adchoices
In this Real Estate News Brief for the week ending January 14th, 2022... what the Fed is saying about tighter monetary policy, the latest rise in consumer prices, and where mortgage rates are right now.Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.Economic NewsWe begin with economic news from this past week, and confirmation hearings for Fed Chief Jerome Powell. President Biden nominated him to continue in his role as the central bank's Chairman. Powell told the Senate Banking Committee that super low interest rates are no longer needed to prop up the economy, and that short-term rates should go higher to control inflation.The Fed has penciled in three rate hikes this year, but Powell says the central bank is prepared to do more, if necessary. It's a balancing act because hiking rates too much and too fast, could lead us into a recession, and job losses. But Powell believes that rates can go higher without hurting the job market. MarketWatch described his characterization of the process as a “soft landing” for the economy, and not a recession.Powell says that “if things develop as expected, we'll be normalizing policy, meaning we're going to end our asset purchases in March, meaning we'll be raising rates over the course of the year.” (1) (2)As it stands, consumer prices rose again in December. The government says they were up .5% in December to a 40-year high of almost 7%. When you strip out food and energy, the inflation rate was up .6% in December to 5.5%. As reported by MarketWatch, that figure is a 31-year high. (3)Those high prices contributed to a drop in consumer spending, along with the spread of the Omicron variant and the supply chain disruptions that are leaving some store shelves bare. The government says that retail sales figures were down 1.9% in December. Internet retailers, like Amazon, experienced the biggest declines. Those figures were down almost 9%. Sales fell about 7% for department stores, 5.5% at furniture stores, and almost 3% at places that sell electronics, like Best Buy. (4)The unemployment report surprised economists with an increase in initial state claims. They were up 23,000 to a total of 230,000. Continuing claims dropped significantly however. Almost 200,000 people stopped collecting checks last week, leaving just 1.56 million people on the unemployment list. (5)Consumers are feeling more pessimistic about the economy because of inflation and Covid. The University of Michigan reports that its consumer sentiment index fell a few points in January, to 68.8. That's the second-lowest reading in a decade. The lowest was a few months ago when it dropped to 67.4 in November. (6)Mortgage RatesMortgage rates rose by almost a quarter point last week. Freddie Mac says the average 30-year fixed-rate mortgage was up 23 basis points to 3.45%. The 15-year was up 19 points to 2.62%. Freddie Mac says the rate increase was “driven by the prospect of a faster than expected tightening of monetary policy” by the Federal Reserve in response to inflation, supply chain disruptions, and labor shortages. (7)In other news making headlines… Mortgage Delinquency RatesThe mortgage delinquency rate has returned to pre-pandemic levels. CoreLogic's Loan Performance Report shows that 3.8% of mortgages were delinquent by at least 30 days in October. That's only one-tenth of a percent higher than October of 2019. And the trend is expected to continue. (8)The report shows CoreLogic's chief economist, Frank Nothaft, says that loan modifications have helped lower the number of loans that are seriously delinquent. But he says they were still half a million higher in October than they were at the start of the pandemic in March.The drop in mortgage delinquencies has lowered the foreclosure inventory rate to its lowest level since 1999. CoreLogic says foreclosures are down in all 50 states, and expects them to drop further throughout the course of this year.Second-Home Demand Demand for vacation homes continues to rise. Redfin says it was 77% higher in December than it was before the pandemic due to new work flexibility and low mortgage rates. The second-home market is expected to remain strong, although higher interest rates could impact demand along with new second-home fees from Fannie Mae and Freddie Mac. Those will take effect on April 1st. (9)That's it for today. Check the show notes for links. And please remember to hit the subscribe button, and leave a review!You can also join RealWealth for free at newsforinvestors.com. As a member, you have access to the Investor Portal where you can view sample property pro-formas and connect with our network of resources, including experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more.Thanks for listening. I'm Kathy Fettke.Links:1 - https://www.marketwatch.com/story/powell-says-fed-can-cool-inflation-without-damaging-labor-market-11641918399?mod=economy-politics2 - https://www.cnbc.com/2022/01/11/powell-says-rate-hikes-tighter-policy-will-be-needed-to-control-inflation.html3 - https://www.marketwatch.com/story/coming-up-consumer-price-index-11641993303?mod=economy-politics4 - https://www.marketwatch.com/story/coming-up-u-s-retail-sales-11642166291?mod=economy-politics5 - https://www.marketwatch.com/story/jobless-claims-jump-to-highest-level-since-mid-november-11642081065?mod=economy-politics6 - https://www.marketwatch.com/story/consumer-sentiment-falls-in-january-due-to-omicron-and-inflation-worries-11642172660?mod=economic-report7 - http://www.freddiemac.com/pmms/8 - https://www.housingwire.com/articles/mortgage-delinquency-rate-reaches-prepandemic-levels/9 - https://magazine.realtor/daily-news/2022/01/07/second-home-demand-up-77-from-pre-pandemic-levels
In 2021, many growth investors suffered severe losses even while the S&P 500 index advanced 27%. A recent Bloomberg article pointed out that almost 40% of the stocks in the Nasdaq Composite Index were down 50% or more from their all-time highs. It continued, "At no other point since the bursting of the dot-com bubble have so many companies fallen like this while the index itself was so close to a peak." Are tech stocks down big because the Federal Reserve expects to raise interest rates several times this year? Did their valuations get too stretched in their post-COVID runup? Tobias Carlisle joined 7investing Lead Advisor Matthew Cochrane this week to help us walk through these challenging questions. Carlisle, the founder and managing director of Acquirers Funds, believes it is important to weigh the company's quality with the valuation investors must pay to buy shares. In an exclusive interview with 7investing, Tobias describes his investment philosophy as "quality at an unreasonable price." He states that he looks for three primary qualities before investing in a company: 1) a discount to a conservative valuation; 2) a strong, liquid balance sheet; and 3) a robust business capable of generating free cash flows. 7investing Lead Advisor Matthew Cochrane and Tobias Carlisle walk through the definitions of value and growth stocks. Before the conclusion of the interview, they discuss a stock they both like, Lockheed Martin (NYSE:LMT), and some of the qualitative advantages it enjoys as a prime defense contractor. Welcome to 7investing. We are here to empower you to invest in your future! We publish our 7 best ideas in the stock market to our subscribers for just $49 per month or $399 per year. Start your journey toward's financial independence: https://www.7investing.com/subscribe Stop by our website to level-up your investing education: https://www.7investing.com Follow us: ► https://www.facebook.com/7investing ► https://twitter.com/7investing ► https://instagram.com/7investing --- Send in a voice message: https://anchor.fm/7investing/message Support this podcast: https://anchor.fm/7investing/support
President Biden and his team are faulting greedy businesses—primarily meat processors—oil and gas producers and pharmaceutical companies to avoid blame for rising prices. And, if inflation doesn't ease soon, there is talk that Biden will enforce price controls on these businesses. Steve Forbes on the swirling inflation scapegoats, on how history has demonstrated prices controls don't work and on why artificially suppressing prices would be a disastrous move!Steve Forbes shares his What's Ahead Spotlights each Tuesday, Thursday and Friday.
Retirement planning entails a series of important decisions, including lifestyle decisions with long-lasting consequences. My guest today, economist Larry Kotlikoff, discusses his new book, Money Magic: An Economist's Secrets to More Money,Less Risk, and a Better Life, and how to make smarter lifestyle decisions by understanding the true price tags for each of them. See below for Larry Kotlikoff's full bio and links to learn more. _________________________ Retirement Wisdom is partnering with One Day University to bring you a FREE live-streamed talk with renowned Amherst Professor Catherine Sanderson, on January 18th, at 7 pm ET | 6pm CT | 4 pm PT. Professor Sanderson will present a live-streamed, one-hour version of her most popular course, Positive Psychology: The Science of Happiness, including time for Q&A in real-time. If you can't tune in live, everyone who RSVPs will receive a link to watch the class anytime they want. To RSVP today for this free class, just visit: www.onedayu.com/retirementwisdom __________________________ Bio Laurence J. Kotlikoff is a William Fairfield Warren Professor at Boston University, a Professor of Economics at Boston University, a Fellow of the American Academy of Arts and Sciences, a Fellow of the Econometric Society, a Research Associate of the National Bureau of Economic Research, President of Economic Security Planning, Inc., a company specializing in financial planning software, a Research Associate of the Gaidar Institute, and a Research Fellow of the Goodman Institute.Kotlikoff is also a New York Times Best Selling author. The Economist Magazine ranked Kotlikoff one of the world's 25 most influential economists. His website is Professor Kotlikoff received his B.A. in Economics from the University of Pennsylvania in 1973 and his Ph.D. in Economics from Harvard University in 1977. From 1977 through 1983, Kotlikoff served on the faculties of economics of the University of California, Los Angeles and Yale University. In 1981-82 Professor Kotlikoff was a Senior Economist with the President's Council of Economic Advisers. Professor Kotlikoff's writings and research address personal finance, inequality, taxation, Social Security, climate change, investing, healthcare, deficits, and insurance. Professor Kotlikoff is author or co-author of 20 books, hundreds of professional journal articles, and a multitude of op eds and blogs. His most recent books are Money Magic: An Economist's Secrets to More Money,Less Risk and a Better Life, You're Hired, Get What's Yours – the Revised Secrets to Maxing Out Your Social Security (a NY Times Best Seller co-authored with Philip Moeller and Paul Solman), The Clash of Generations (co-authored with Scott Burns), The Economic Consequences of the Vickers Commission, Jimmy Stewart Is Dead, Spend ‘Til the End, (co-authored with Scott Burns), Generational Policy (MIT Press), The Healthcare Fix, and The Coming Generational Storm (co-authored with Scott Burns). Kotlikoff's columns have appeared in The NY Times, The Wall Street Journal, The Washington Post, The Hill, The Financial Times, The Times of London, Forbes, CBNC, Bloomberg, PBS NewsHour, The Dallas News, Neue Zürcher Zeitung, the Seattle Times, Vox, Fortune, Seeking Alpha, Yahoo.com, VoxEU, Huffington Post, and other leading media. Kotlikoff has served as a consultant to the Federal Reserve, the International Monetary Fund, the World Bank, the Harvard Institute for International Development, the Organization for Economic Cooperation and Development, the Swedish Ministry of Finance, the Norwegian Ministry of Finance, the Bank of Italy, the Bank of Japan, the Bank of England, the Government of Russia, the Government of Ukraine, the Government of Bolivia, the Government of Bulgaria, the Treasury of New Zealand, the Office of Management and Budget, the U.S. Department of Education, the U.S. Department of Labor, the Joint Committee on Taxation, The Commonwealth of Massachusetts,
Henry Curr is the economics editor for the Economist Magazine and a returning guest to the show. Henry has a new working paper out titled, “Money Printers Go Grrrr: Three Myths and Three Uncomfortable Truths about Quantitative Easing.” Henry joins Macro Musings to discuss these three myths and uncomfortable truths about QE. Specifically, David and Henry discuss the continued relevance of quantitative easing as a policy tool, QE's relationship to financial markets and its effect on the banking sector, whether we can estimate the magnitude of its effect on interest rates, whether QE necessarily boosts the monetary base, and much more. Check out Ideas of India, another Mercatus original podcast: https://www.discoursemagazine.com/tag/ideas-of-india-podcast/ Transcript for the episode can be found here: https://www.mercatus.org/bridge/tags/macro-musings Henry's Twitter: @Henry_Curr Henry's Economist profile: https://mediadirectory.economist.com/people/henry-curr/ Henry's website: http://www.henrycurr.com/ Related Links: *Money Printers Go Grr: Three Myths and Three Uncomfortable Truths about Quantitative Easing* by Henry Curr https://spe.org.uk/reading-room/ryb-essays/2020-21-rybczynski-prize-essay/ *Fifty Shades of QE: Comparing Findings of Central Bankers and Academics* by Brian Fabo, Martina Jančoková, Elisabeth Kempf and Ľuboš Pástor https://www.nber.org/papers/w27849 David's Twitter: @DavidBeckworth David's blog: http://macromarketmusings.blogspot.com/
To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29 The holidays are over and it's time to make some changes to improve your finances in the coming year. And today on MoneyWise, we have a list of tips to get you started. MONEY TIPS FOR 2022 1. MAKE A SPENDING PLAN:First, take a good look at your budget and make any necessary changes for the coming year. You will need to account for rising inflation on everything from fuel to electronics to groceries. You may need to cut spending in other areas, like entertainment, to compensate for those cost increases. TheMoneyWise Appis a powerful budgeting tool with three different ways to choose from for budgeting your money. 2. SET UP AN EMERGENCY FUND:Another important step to improve your finances is to finally set up your emergency fund. Your emergency fund helps you stay out of debt when you're hit with the unexpected.Open a savings account at an online bank and have something out of every paycheck automatically transferred to it. Cut discretionary spending to give yourself margin. Set a goal to save $1500. Your next emergency fund goal is to save one month's living expenses. Then three months. Ideally, keep going until you have six months' expenses saved up. You may not get there this year, but don't worry about that. Just get started! 3. MAKE A GIVING PLAN:As you tweak your budget, one area you definitely don't want to cut back on is giving to your local church. Make a plan for how much you intend to give this year. Remember, the tithe is just the training wheels for giving. Prayerfully consider giving more than last year. 4. MAKE A WILL:Make this the year you finally draw up a will. Save your loved ones the unnecessary trauma of having the probate court decide how your estate is settled should something happen to you. This is critical if you have young dependents because a will gives you the opportunity to name a legal guardian. 5. PREPARE FOR RISING INTEREST RATES:With inflation back, the Federal Reserve is planning to raise interest rates soon. If you're unfortunate enough to have a variable rate mortgage, start planning for higher monthly payments. The same is true if you have a home equity line of credit. It also means that interest rates are likely to rise on consumer debt, like credit cards. If you have credit card debt, make a plan now to pay it off as soon as possible. 6. CONSIDER INCREASING RETIREMENT CONTRIBUTIONS:Next, consider bumping up your retirement contributions if you're not on track to reach your goals. Take advantage of any employer matching funds to your 401k. You can contribute up to $20,500 to your 401k in 2022. If you don't have a 401k at work, set up a Roth IRA. You can contribute up to $6,000 in 2022 or $7,000 if you're 50 or older. 7. GET READY FOR TAX SEASON:The last year saw major changes in work settings due to COVID. If you work from home, you may be eligible for more deductions. Working from home means you can deduct a portion of your home expenses if you meet the requirements. If you're used to doing your own taxes, with or without a computer program, particularly if you're working as a 1099 contractor, this might be one year to take your taxes to a professional because things get a lot more complicated. You don't want to miss any deductions. LISTENER QUESTIONS On today's program, Rob also answers listener questions: ●What should a widow do with her spouse's pension? ●How can you continue to save for emergencies when money is tight? ●Is there a way to unload an unwanted timeshare? ●When does it make sense to pull money out of an annuity? RESOURCES MENTIONED DURING THIS PROGRAM ●Find a Certified Kingdom Advisor ●MoneyWise App Remember, you can call in to ask your questions most days at (800) 525-7000 or email them toQuestions@MoneyWise.org. Also, visit our website atMoneyWise.orgwhere you can connect with a MoneyWise Coach, join the MoneyWise Community, and even download the free MoneyWise app. Like and Follow us on Facebook atMoneyWise Mediafor videos and the very latest discussion!Remember that it's your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking theDonate tab on our websiteor in our app.
Trainiere dein Hörverstehen mit den Nachrichten der Deutschen Welle von Samstag – als Text und als verständlich gesprochene Audio-Datei.Österreich wieder Corona-Hochrisikogebiet Angesichts der sprunghaft steigenden Infektionszahlen mit der Virusvariante Omikron hat Deutschland das Nachbarland Österreich erneut als Corona-Hochrisikogebiet eingestuft. Die Maßnahme tritt ab Sonntag in Kraft, wie das Robert Koch-Institut (RKI) mitteilte. Vor nicht notwendigen touristischen Reisen in das Land wird gewarnt - dies dürfte insbesondere den Wintertourismus hart treffen. Bei der Einreise nach Deutschland aus Hochrisikogebieten gelten insbesondere für Ungeimpfte strenge Bestimmungen. Niederlande beenden strengen Corona-Lockdown Unter starkem Druck der Unternehmen beenden die Niederlande nach fast vier Wochen den strengen Corona-Lockdown. Geschäfte, Fitnessstudios, Friseure und Universitäten dürfen von diesem Samstag an wieder öffnen, wie Ministerpräsident Mark Rutte vor Journalisten in Den Haag ankündigte. Bars, Restaurants, Cafés und kulturelle Einrichtungen bleiben jedoch weiterhin geschlossen - mindestens bis zum 25. Januar. Gastwirte und der Kultursektor sind empört. Rutte sprach dagegen von einem "großartigen Moment" für die Niederländer. Die strengen Regelungen waren am 19. Dezember in Kraft getreten. Lage auf den Intensivstationen in Deutschland nicht kritisch Die Intensivmediziner in Deutschland sehen noch keine Auswirkung der Omikron-Welle in ihrem Bereich. Derzeit könne man auf den Intensivstationen die Omikron-Welle noch nicht ausmachen, sagte der Präsident der Deutschen Interdisziplinären Vereinigung für Intensiv- und Notfallmedizin, Gernot Marx, dem "RedaktionsNetzwerk Deutschland". In puncto COVID-19-Patienten könne seine Organisation weiterhin rückläufige Zahlen vermelden. Am Donnerstag sei man wieder unter die Marke von 3000 COVID-Patienten gefallen. Heftige Proteste in Tunesiens Hauptstadt In Tunis haben nach Angaben des Innenministeriums mehr als eintausend Menschen gegen Präsident Kaïs Saïed protestiert. Sie werfen ihm einen "Staatsstreich" vor, weil er am 25. Juli die Regierung abgesetzt hatte. Die tunesischen Sicherheitskräfte gingen mit Tränengas und Wasserwerfern gegen die Demonstranten in der Hauptstadt vor. Dutzende Menschen wurden festgenommen, wie es in Agenturberichten heißt. US-Präsident schlägt schwarze Professorin für Fed-Vorstand vor Mit der Wirtschaftsprofessorin Lisa Cook soll die erste schwarze Frau in den Vorstand der US-Notenbank Fed einziehen. US-Präsident Joe Biden nominierte Cook für den sogenannten Gouverneursrat der Federal Reserve. Der Präsident schlug außerdem den Wirtschaftsprofessor Philip Jefferson als Fed-Gouverneur vor. Jefferson würde bei einer Bestätigung durch den Senat der vierte schwarze Mann in diesem Amt in der Geschichte der Notenbank. Australisches Gericht setzt Termin für Djokovic-Anhörung fest Der von der Abschiebung aus Australien bedrohte serbische Tennisprofi Novak Djokovic ist wieder unter Beobachtung in dem Quarantänehotel. Dort wird er die Nacht verbringen. Für Sonntagmorgen um 9.30 Uhr Ortszeit ist vor Gericht ein Anhörungstermin festgesetzt worden. Das Bundesgericht soll Klarheit schaffen, ob der Weltranglistenerste und Titelverteidiger doch noch an den am Montag beginnenden Australian Open in Melbourne teilnehmen darf. Am Freitag war das Visum von Djokovic in einer persönlichen Entscheidung von Einwanderungsminister Alex Hawke ein zweites Mal für ungültig erklärt worden. Der Tennis-Profi ist nicht gegen Corona geimpft. In Australien gelten seit Pandemie-Beginn sehr strenge Regeln.
In this special From the Feed episode we take a look at the Federal Reserve, rising rates, inflation, and how to spend that tax return…wisely. Lastly, we help you understand how Michael Jackson's Thriller and Van Halen's 1984 can teach us a valuable investment lesson.
Three top officials have recently retired early from the Federal Reserve amid controversy surrounding personal stock trading activity. WSJ's Nick Timiraos explains what's led to the worst reputational crisis at the Fed in decades. Learn more about your ad choices. Visit megaphone.fm/adchoices
After two years of support and accommodation from the Fed, 2022 is seeing a shift in tone towards the strength of the economy and risks of inflation, meaning investors may need to reassess expectations for the year.------ Transcript -----Welcome to Thoughts on the Market. I'm Andrew Sheets, Chief Cross-Asset Strategist for Morgan Stanley. Along with my colleagues, bringing you a variety of perspectives, I'll be talking about trends across the global investment landscape and how we put those ideas together. It's Friday, January 14th at 2:00 p.m. in London. Sometimes in investing, if you're lucky, you make a forecast that holds up for a long time. Other times, the facts change, and your assumptions need to change with them. We've just made some significant shifts to our assumptions for what the Federal Reserve will do this year. I want to discuss these new expectations and how we got there. The U.S. Federal Reserve influences interest rates through two main policy tools. First, it sets a target rate of interest for very short-term borrowing, which influences a lot of other interest rates. And second, it can buy government bonds and mortgages directly - influencing the rate that these bonds offer. When COVID struck, the Federal Reserve pulled hard on both of these levers, cutting its target interest rate to its lowest ever level of zero and buying trillions of government bonds and mortgages to support these markets. But now, almost two years removed from those actions, the tone from the Fed is changing, and quickly. For much of 2021, its message focused on erring on the side of caution and continuing to provide extraordinary support, even as the U.S. economy was clearly recovering. But now, that improvement is clear. The U.S. unemployment rate has fallen all the way to 3.9%, lower than where it was in January of 2018. The number of Americans claiming unemployment benefits is the lowest since 1973. And meanwhile, inflation has been elevated - with the U.S. consumer prices up 7% over the last year. All of this helps explain the sharp shift we've seen recently in the Fed's tone, which is now focusing much more on the strength of the economy, the risks of inflation and the need to dial back some of its policy support. It's this change of rhetoric, as well as that underlying data that's driven our economists to change their forecasts for the Federal Reserve. We now expect the Fed to raise interest rates 4 times this year, by a total of 1%. Just as important, we think they not only stop buying bonds in March, but start reducing their bond holdings later in the year - moving from quantitative easing, or QE, to so-called quantitative tightening, or QT. The result should help push U.S. 10-year yields higher up to 2.2%, in our view, by the middle of the year. For markets, we think this should continue to drive a bumpy first quarter for U.S. and emerging market assets. We think European stocks and financial stocks, which are both less sensitive to changes in interest rates, should outperform. Thanks for listening. Subscribe to Thoughts on the Market on Apple Podcasts or wherever you listen and leave us a review. We'd love to hear from you.
I hope people can see the truth about what is going on behind the scenes. Congress and the Federal Reserve are the ones creating the inflation and then pretending like they never saw it coming. https://www.bloomberg.com/news/articles/2022-01-09/fed-unites-left-and-right-in-warning-it-s-behind-inflation-curve
President Biden announces three more nominees for the Federal Reserve's Board of Governors; the Biden administration says it'll spend around $27 billion on bridge replacement and repair; Dogecoin surges after Tesla CEO Elon Musk tweets that Tesla will accept the cryptocurrency as payment for some merchandise.
Okay, almost everybody. The Biden administration was wrong. Many critics of the Biden administration were also wrong. The Federal Reserve was wrong. Investors were wrong. Banks were wrong. And Bitcoin investors weren't exactly right, either. How did everybody miss the most important economic story of the year? Derek breaks down the highest inflation rate in 40 years and welcomes back his economic roundtable guests, the finance podcasters Michael Batnick and Ben Carlson. Host: Derek Thompson Guests: Michael Batnick & Ben Carlson Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices
This episode is a little different than the usual podcast format. There is no guest. Instead, I will share a couple of thoughts I have around a specific topic. Today I break down the recent decision by Representative Tom Emmer to put forward a legislative order to ban the Federal Reserve from creating a Central Bank Digital Currency. ======================= Today's episode is sponsored by Abra. Based in California and backed by top VC firms, Abra is an all-in-one simple, secure app that allows you to trade over 110 cryptocurrencies, get 0% interest loans using your crypto as collateral and earn interest with up to 14% APY on stablecoins and 8.15% APY on Bitcoin. Join nearly 2 million users by downloading Abra from the Google Play or Apple App store. If you download the app today, you will get $15 in free crypto once you fund your account. You came, you invested — now conquer. ======================= Unstoppable Domains is THE #1 provider of NFT domains. These aren't traditional domains, these are domains with superpowers. With your unique NFT domain such as pomp dot crypto or pomp dot nft, you can replace your long complex wallet addresses, verify ownership of your NFTs and join the 10's of thousands of people who are now using their NFT domain as their Twitter and Discord usernames. Go to unstoppabledomains.com and get YourName dot crypto, dot x, dot nft or a range of other endings for as low as $5 and never worry about gas or renewal fees because with Unstoppable Domains you pay once and own forever! ======================= Nasdaq-listed BTCS was the first US-public company to secure today's top layer one protocols. Recently, BTCS launched the beta version of its digital asset analytics dashboard! From across multiple exchanges, the BTCS Data Analytics Dashboard lets you evaluate your entire portfolio's performance with plans to add year-end reports and yield earning on your crypto through linking to staking pools. Test out the BTCS Data Analytics Dashboard today at BTCS.com. =======================
Multiple reports say President Biden will announce three more nominees for the Federal Reserve's Board of Governors, as soon as today; the House committee investigating the January sixth attack on the Capitol issues subpoenas to three social media companies. - January 14, 2022
"This confluence of Fed hikes and investor naivety “presents the setup for a severe washout” as the “pernicious effects of rising interest rates on future cash flows will likely prompt speculators and investors at the margin to dump or severely reduce their crypto holdings.” - Nik Bhatia We take a little break to discuss the crazy state of the markets right now, and how this could affect the Bitcoin price in the short term. Nik Bhatia summarizes the bearish warning from Arthur Hayes and digs into the possible course of action for the Federal Reserve, and how that could dictate what the Bitcoin price does in the short term. Are you ready? Listen to find out more Links to both Bhatia's as well as Hayes's article below for further exploring: https://thebitcoinlayer.substack.com/p/arthur-hayes-bitcoin-could-be-heading https://cryptohayes.medium.com/maelstrom-ee6021e9d0c2 For the best products and services to get you started in Bitcoin, our sponsors are literally a handful of those that I use most in this space: • Get Bitcoin rewards on literally everything you buy with the Fold Card (20% discount code BITCOINAUDIBLE) • Buy Bitcoin automatically and painlessly with SwanBitcoin • Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY) • Get tickets to the biggest & most exciting Bitcoin conference in the world! Bitcoin 2022 (10% discount code GUYSWANN) Learn more about your ad choices. Visit megaphone.fm/adchoices
Confirmation hearings for Fed Chair Powell's second term highlighted the challenges for the year ahead. Inflation concerns fueled by high demand and disrupted supply chains, a tight labor market and the trajectory of the ongoing pandemic will make guessing the Fed's next moves difficult in 2022.----- Transcript -----Welcome to Thoughts on the Market. I'm Michael Zezas, Head of Public Policy Research and Municipal Strategy for Morgan Stanley. Along with my colleagues, bringing you a variety of perspectives, I'll be talking about the intersection between U.S. public policy and financial markets. It's Thursday, January 13th at 10:00 a.m. in New York. A key focus in D.C. this week is the Senate confirmation hearings for Fed Chair Jay Powell, who's been nominated for another term at the helm of the Federal Reserve. Whenever the Fed chair speaks, it's must-see TV for bond investors. And this remains as true as ever this week. See, the Fed has a really tough job ahead of them. The economy is humming, and it's nearing time to tighten monetary policy and rein in inflation. We know from their most recent meeting minutes that the Fed sees it this way. But how quickly to do it, and by what method to do it, well, that's more up for debate. That's because, in fairness to the Fed, there's no real template for the challenge that's ahead of them. The pandemic and the economic recovery from it have presented an unusual and hard to gauge set of inputs to monetary policy decision making. Take inflation, for example. There's no shortage of potential overlapping causes for the currently high inflation reads: supply chain bottlenecks; an unprecedented rapid rebound in demand for goods, both in absolute terms and relative to services; a sluggish labor force participation rate; and, influencing each of these variables, the trajectory of a global pandemic. The Fed's job, of course, is to assess to what degree these factors are temporary or enduring, and calibrate monetary policy accordingly to bring inflation to target. But to state the obvious, this is complicated. So it's not surprising that the recent Fed minutes showed they're considering a wide range of monetary tightening options. A lot is on the table around the number of rate hikes, pace of rate hikes and pace of balance sheet normalization. We expect Chair Powell will be further underscoring this desire for optionality in monetary policy in his forthcoming statements. Of course, another phrase for optionality might be policy uncertainty, and this is exactly the point we think bond investors should focus on. Precisely guessing the Fed's every move is likely less important than understanding the Fed has, and can continue, to change its approach to monetary tightening as it collects more data and better understands the current inflation dynamic. This is the genesis of the recent uptick in bond market volatility, which we expect will be an enduring feature of 2022. But volatility can mean opportunity, particularly for credit investors, in our view. Corporate and municipal bond credit quality is very strong, but both markets have a history of underperforming during moments of Treasury market volatility. That's why my colleagues and I are recommending for both asset classes to start the year with portfolios positioned cautiously, allowing you to take advantage of better valuations when they present themselves. In this way, like the Fed, you too will have options to deal with uncertainty. Thanks for listening. If you enjoy the show, please share Thoughts on the Market with a friend or colleague or leave us a review on Apple Podcasts. It helps more people find the show.
Inflation has hit a 40-year high in the U.S., driving up the cost of everything from groceries to housing. As the Fed prepares to raise interest rates, here's what to watch out for.Read more:In December, inflation hit a staggering 7 percent. That's far above the Federal Reserve's target, and Chair Jerome H. Powell says action is needed to keep the economy from sliding into a recession. Economics reporter Rachel Siegel breaks down the impact of record inflation and what the Fed plans to do about it.Interest rates have hovered near zero since the start of the pandemic, but now the Fed is looking at a series of raises over the next few months. Personal finance columnist Michelle Singletary explains what that means for borrowers.
This week on the show Dan sits down with Mike McGlone, Senior Commodity Strategist for Bloomberg Intelligence. Mike has more than 25 years experience in futures and commodities trading beginning at the Chicago Board of Trade. Mike claims "the game is over"… The Federal Reserve will continue to tighten until the stock market goes down. We're long overdue for a correction, and this country's inflation is at its highest rate in 40 years. The Fed will take away the punch bowl, and guess what will come out ahead as a result? Cryptos... Dan and Mike dive into bitcoin, which Mike says is the "least risky" crypto out there. He explains that bitcoin is still in its price-discovery stage, steadily gaining adoption in a world that's going digital. Bitcoin is currently our benchmark digital currency – well on its way to becoming the global digital collateral.
Researchers report an estimated 200,000 American children were orphaned by COVID-19 — each number representing a child who has parents or primary caregivers to the pandemic. Dr. Charles Nelson, who co-authored the report, and a Georgia couple who is adopting their two cousins after their parents died of COVID-19, join us. And, NPR's Scott Horsley explains what options the Federal Reserve has to reduce inflation.
Krystal and Saagar talk about the FBI's involvement in Jan 6th, stock trading by members of Congress, inflation numbers over the past year, Trump's comments on getting the booster shot, outrageous mainstream media proposals for 2024, Elon Musk caving to China, federal reserve policy, healing American politics with Marianne Willamson, and more! To become a Breaking Points Premium Member and watch/listen to the show uncut and 1 hour early visit: https://breakingpoints.supercast.com/ To listen to Breaking Points as a podcast, check them out on Apple and Spotify Apple: https://podcasts.apple.com/us/podcast/breaking-points-with-krystal-and-saagar/id1570045623 Spotify: https://open.spotify.com/show/4Kbsy61zJSzPxNZZ3PKbXl Merch: https://breaking-points.myshopify.com/ Marianne Williamson: https://mariannewilliamson.substack.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices
By tapering and then raising interest rates, is it possible the Federal Reserve is intentionally trying to cause a market correction? Macro analyst Jesse Felder thinks so, as it needs to start taming both the asset bubble and inflation monsters it has created. Felder suspects though that this will be more difficult than the Fed thinks, and things could get out of hand -- leading to a full blown market crash and possibly a recession. See the YouTube Video for the charts and graphics: https://youtu.be/FgTFvJf5Uec
Huge backlogs and outdated technology are just some of the obstacles bogging down the IRS as it enters another tax season, so it’s urging taxpayers to prepare as much as possible ahead of time – and to be ready to wait. Lael Brainard, the nominee for vice chair of the Federal Reserve, is ready for her confirmation hearing today. What questions could she face? There are now companies that specialize in providing clarity and intel on supply chains.
Huge backlogs and outdated technology are just some of the obstacles bogging down the IRS as it enters another tax season, so it’s urging taxpayers to prepare as much as possible ahead of time – and to be ready to wait. Lael Brainard, the nominee for vice chair of the Federal Reserve, is ready for her confirmation hearing today. What questions could she face? There are now companies that specialize in providing clarity and intel on supply chains.
The Federal Aviation Administration details the impact of 5G wireless service on airplanes' electronics; promises to fight inflation from a Federal Reserve nominee. - January 13, 2022
After downplaying the threat of rising prices, Federal Reserve Chairman Jerome Powell is now portraying himself as a fierce, sure-handed inflation fighter. But the core question is straightforward: Does Powell know how to do the job without throwing a wrench into the economy and sending it into a recession? Steve Forbes on Powell's plans to curb inflation and on what he might be missing when it comes to the true nature of inflation.Steve Forbes shares his What's Ahead Spotlights each Tuesday, Thursday and Friday.
The news to know for Thursday, January 13th, 2022! We'll explain why the omicron variant of Covid-19 is now being compared to a flash flood and what big shift health experts expect over the next few weeks. Also, inflation is the highest it's been in four decades. What the White House and Federal Reserve had to say about the latest jump in prices. Plus, how the Army is trying to convince more recruits to sign up, what's happening with NFL ratings, and two new options are coming to your Instagram feed. Those stories and more in around 10 minutes! Head to www.theNewsWorthy.com/shownotes for sources and to read more about any of the stories mentioned today. This episode is brought to you by MamaZen (Listen for the discount code) and StitchFix.com/newsworthy Become a NewsWorthy INSIDER! Learn more at www.TheNewsWorthy.com/insider
Inflation plowed ahead at its fastest 12-month pace in nearly 40 years. This comes amid a shortage of goods and workers and on the heels of unprecedented cash flowing through the U.S. economy from Congress and the Federal Reserve. Congress often talks tough about reining in Wall Street. But now there's growing pressure on Capitol Hill to curb lawmakers' own trading. CNBC's Ylan Mui reports on a bill intended to push restrictions on how lawmakers trade stocks. NBC Digital's Marc Caputo reports that Congressman Matt Gaetz's ex-girlfriend testified to a grand jury today in the sex crimes probe against him. CNBC's Valerie Castro reports on a judge's decision that the sexual assault civil suit can go forward against Britain's Prince Andrew. Plus, CNBC's Wilfred Frost reports Boris Johnson has apologized today for attending a garden party during the country's Covid lockdown last year.
Wednesday on the NewsHour, calls for new approaches to combat COVID-19 grow louder as the number of infections and hospitalizations climb daily. Then, we speak to the president of a regional Federal Reserve bank as inflation increases at its fastest rate since the 1980s. And, leaders from Russia and NATO meet as a threat of an invasion hangs over eastern Ukraine. PBS NewsHour is supported by - https://www.pbs.org/newshour/about/funders
The last time inflation rose 7 percent annually was back in 1982 and the latest consumer price report shows costs are continuing to spike. That is presenting real questions for the Federal Reserve, which is tasked with promoting stable prices. Mary Daly, president of the Federal Reserve Bank of San Francisco who also sits on the committee that decides interest rates, joins Judy Woodruff to discuss. PBS NewsHour is supported by - https://www.pbs.org/newshour/about/funders
As Joe Biden calls Republicans racists and flails aimlessly, pundits begin speculating about a Hillary Clinton 2024 run; plus the Federal Reserve chairman announces the end of stimulus as inflation explodes. Sign the petition to stop Biden's vaccine mandate. Head to https://dailywire.com/donotcomply DW members get special product discounts up to 20% off PLUS access to exclusive Daily Wire merch. Grab your Daily Wire merch here: https://utm.io/udZpp Check out Debunked. Where Ben Shapiro exposes leftist fallacies in 15 minutes or less. Watch the full season available only on The Daily Wire: https://utm.io/uc9er Andrew Klavan's latest novel When Christmas Comes is now available on Amazon. Order in time for Christmas: https://utm.io/udW6u Matt Walsh is now a self-acclaimed beloved children's author. Reserve your copy of his new book here: https://utm.io/ud1Cb Subscribe to Morning Wire, Daily Wire's new morning news podcast, and get the facts first on the news you need to know: https://utm.io/udyIF Learn more about your ad choices. Visit megaphone.fm/adchoices
On this Wednesday hump day edition of Bernie & Sid in the Morning, Sid delivers all the news of the day to you on a silver platter. That news included President Biden referring to Vice President Harris as "President Harris" once again, in addition to his nonsensical COVID strategy claiming "we're on the right track," Dr. Anthony Fauci gets caught on a hot mic calling Senator Roger Marshall a "moron," while also saying that "given the circumstances" President Biden has done a good job dealing with COVID, Jake Tapper talks some common sense, Jerome Powell says our national debt is on an "unsustainable path," Senator Joe Manchin sweeps in yet again to save the day, John Kennedy makes a plea to not politicize the Federal Reserve, Rand Paul lays into Dr. Fauci, and Ted Cruz calls the media out on their masking hypocrisy. All this and more on the Wednesday edition of Bernie & Sid in the Morning. Make sure you stay tuned for today's installments of Lidia Reports and another special "Beat Sid" edition of The Peerless Boilers Beat Bernie Contest.
As the new year comes in, the economy is FULL of economic news you need to know. The Federal Reserve is more hawkish than ever with some unprecedented moves, tech stocks are being hit hard, interest rates are soaring, and oil prices are rising — all things that we predicted were going to happen to a large degree. How can you start the year off right with your financial plan? On this episode we're going to tell you, including how to dig into your portfolio and assess how your biggest financial assets are likely being underutilized. You will want to hear this episode if you are interested in... There's been a lot of volatility in the markets as the year's begun [1:20] The Tipping Point: The right decisions for your biggest assets [10:35] Hidden Facts of Finance [19:35] As 2022 dawns our predictions are coming true What we expected has come to pass here at the beginning of the year: The FED is playing catch up. It's been announced that the Federal Reserve will continue to taper off its bond purchases. It's also been announced that interest rates will be going up. One last thing, the FED will begin taking money from the balance sheet to sell bonds. We saw all of this coming and told you about it in previous episodes. What we didn't see is that the FED is doing all of this at the same time. The job market is a mess as well. Many people don't want to get back to work after the pandemic because they are still living on the government handouts that were implemented. Others who are in the job market are demanding incredibly high wages. The bottom line is that dynamics we've seen this past year are changing going into the new year. This week on the tipping point: What assets are you taking for granted? As you look at your portfolio here at the beginning of the year, you should consider your biggest assets in terms of whether you're using them most effectively. One example is your 401(k) — it's typically one of the largest assets in an investor's portfolio and is not managed effectively. On top of that, 401(k)s can be cumbersome to manage, don't provide all the tools or stock choices you need, and can also be designed with blatant conflicts of interest in them as companies use them to promote their own stock. You must be very strategic with your 401(k). You should also consider whether your home (real estate) is doing everything it could for you, especially if you have two homes. Is it time to downsize or refinance that high-interest mortgage? It's a seller's market, so this could be the time. As well, look into the expenses required to maintain your home (or 2nd home). Could that money be put into better investments that can increase your cash flow or income? Don't miss this episode! We cover a lot of items you don't want to be in the dark about. This week's hidden facts of finance Florida's population has mushroomed NFTs (Non Fungible Tokens) have become a head-scratching asset class Traditional carbon-based energy use is already at 2019 levels for the year The S&P has no “in-between” Resources & People Mentioned See if you qualify for a complimentary financial review from the Paynes ARK Innovation Fund Connect With Ryan, Bob, and Chris http://PayneCM.com Follow on Twitter Follow on Facebook Follow on LinkedIn Subscribe on YouTube Follow on Instagram Subscribe to Payne Points of Wealth On Apple Podcasts, On Google Podcasts, On Spotify
Consumers across the U.S. are feeling the effects of inflation through home prices, gas prices, and meat prices which have all been rising in recent months. There are several answers as to what all of this means for consumers this year, but two lingering questions are: what will the Fed do? And will we experience the inflation of the 1970s? Today's guest gives his opinion on where the U.S. is headed in 2022. Macro-economic expert, and the best-selling author of “The New Great Depression,” Jim Rickards, says, “I would look for disinflation, not inflation, from 6-7% annualized down to 4%," due to incoming rate hikes expected from the Federal Reserve. Additionally, Rickards explains Inflation vs. Disinflation His prediction for $15,000 gold Real thoughts on the Fed Hosts Robert and Kim Kiyosaki and guest Jim Rickards discuss the real threats to the economy in 2022 and how you can be prepared.
Read a transcript of this episode on FT.comhttps://www.ft.com/content/afd4c412-780b-407a-8b5a-10175cf319fcA US judge says that the Federal Trade Commission can go ahead with a revised case seeking to break up Facebook, and the latest US inflation report is expected to show prices rose at their fastest pace in nearly 40 years. Plus, the FT's US markets editor, Eric Platt, explains how the Federal Reserve is expected to wind down its $9tn balance sheet after a pandemic largesse. Mentioned in this podcast:Facebook loses bid to dismiss FTC antitrust case a second timeUS inflation expected to rise at fastest pace in nearly 40 yearsFederal Reserve prepares to shrink $9tn balance sheet after pandemic largesseHot-water bottles are… hotThe FT News Briefing is produced by Fiona Symon and Marc Filippino. The show's editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show's theme song is by Metaphor Music. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley. See acast.com/privacy for privacy and opt-out information.
In this Real Estate News Brief for the week ending January 8th, 2022... we'll look at the cost of buying vs. renting, new FHFA fees for jumbo loans and second homes, and the WeWork/WeLive founder's new focus on apartments.Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.Economic NewsWe begin with economic news from this past week. The Federal Reserve released the minutes of its December meeting with details about a more aggressive tapering plan and interest rate hikes. Fed officials plan to begin the tapering process after the first rate hike, which is generally expected to be in March. They are predicting the need for “three” quarter-percent rate hikes this year and another three next year. Possibly, two more after that. That would be a total of 2% if all eight rate hikes go into effect. (1)The number of people applying for state unemployment benefits rose last week, but it's still extremely low. The Labor Department says there were 207,000 initial claims. Continuing claims were also slightly higher. They rose 36,000 to 1.75 million which is still below pre-pandemic levels. (2)The U.S. unemployment rate is now “close” to pre-pandemic levels. It dropped to 3.9% in December from 4.2%. Before Covid struck the U.S., it was 3.5%. This is largely due to businesses offering incentives like signing bonuses, higher wages, and better benefits, to attract workers to a surplus of open positions. (3)The worker shortage has also given Americans more confidence in quitting jobs they don't like and finding better ones. This trend is showing up in the “quits rate” which represents the number of Americans quitting their jobs. The quits rate rose from 2.8% to 3% in November. That represents a 370,000 increase to a record 4.5 million. (4)Turning now to real estate, new numbers on construction spending show an increase. The Commerce Department says they are up .4% for November, at a seasonally adjusted annual rate of $1.63 trillion. When you break that down into sub-sectors, residential construction was up .4% while non-residential construction was flat and office construction was down 32.1%. (5)Mortgage RatesMortgage rates moved higher for the start of the new year. Freddie Mac says the average 30-year fixed-rate mortgage rose 11 basis points to 3.22%. The 15-year was up 10 points to 2.43%. Freddie Mac's chief economist, Sam Khater says these rates are the highest since May of 2020. He says: “With higher inflation, promising economic growth and a tight labor market, we expect rates will continue to rise.” (6)In other news making headlines…Fees Rise for Larger Second-Home LoansThe FHFA is raising up front fees for second-home loans, and those that exceed conforming loan limits. Those fees could add close to another 4% onto the cost of a loan for a second home, and as much as .75% to the cost of a jumbo loan, if they are bought by Fannie Mae or Freddie Mac. (7)The National Association of Home Builders has come out against the fee. It says that a second-home loan of about $300,000 with a loan-to-value of 65% will cost an additional $4,875 because of that fee. NAHB chairman, Chuck Fowke, says: “With the nation in the midst of a housing affordability crisis and many more workers electing to telework, this is exactly the wrong time for federal regulators to be raising fees on homeownership and second homes.”The new fees take effect on April 1st.Buying vs. RentingIs it cheaper to rent or to buy? According to ATTOM Data Solutions, homeownership is still the better choice in most of the country. A new study shows that it's more affordable in 58% of the counties that were tracked by researchers. (8)The study compared median-priced homes to the average rent for a three-bedroom rental property in more than 1,000 counties. Researchers also looked at wages which have been rising slower than home prices but faster than rents. But that dynamic is changing.ATTOM's chief product officer, Todd Teta says: “The trend is slowly shifting toward renters, which could be a major force in easing price increases in 2022. Prices can only go up by so much more before renting becomes financially easier.”WeWork Founder Buying Up ApartmentsThe man who wanted to transform the work world when he co-founded “WeWork, is now working on a plan to “shake up the rental housing industry.” According to the Wall Street Journal and realtor.com, Adam Neumann has purchased more than 4,000 apartments in desirable real estate markets across the country. (9)He told the Journal: “Since the spring of 2020, we have been excited about multifamily apartment living in vibrant cities where a new generation of young people increasingly are choosing to live, the kind of cities that are redefining the future of living.” Neuman left WeWork in 2019, after raising more than $10 billion for the company. He also launched a shared-living network of buildings with rentable rooms called WeLive, but that was shut down when he left the company. The cities where he's purchased apartments include: Miami, Atlanta, Nashville, and Fort Lauderdale, among others.That's it for today. Check the show notes for links. And please remember to hit the subscribe button, and leave a review! You can also join RealWealth for free at newsforinvestors.com. As a member, you have access to the Investor Portal where you can view sample property pro-formas and connect with our network of resources, including experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more.Thanks for listening. I'm Kathy Fettke.Links:1 -https://www.cnbc.com/2022/01/05/fed-minutes-december-2021.html2 -https://www.marketwatch.com/story/u-s-unemployment-claims-rise-slightly-to-207-000-but-still-near-52-week-low-11641476186?mod=economy-politics3 -https://www.marketwatch.com/story/coming-up-u-s-jobs-report-for-december-11641561153?mod=bnbh_mwarticle4 -https://www.marketwatch.com/story/job-openings-tick-lower-in-november-11641309446?mod=economy-politics5 -https://www.marketwatch.com/story/construction-spending-has-solid-gain-in-november-led-by-residential-building-11641222772?mod=economic-report6 - http://www.freddiemac.com/pmms/7 -https://nahbnow.com/2022/01/fhfa-to-impose-hefty-upfront-fees-on-second-home-purchases/8 -https://magazine.realtor/daily-news/2022/01/06/homeownership-still-more-affordable-than-renting9 -https://magazine.realtor/daily-news/2022/01/06/wework-co-founder-seeks-apartment-empire
This episode is sponsored by Nexo, Abra and FTX US. On today's episode of “The Breakdown,” NLW covers the latest news from macro and the crypto space, including: Value investing legend Bill Miller holds 50% of his net worth in bitcoin Paradigm invests in Citadel Securities' first outside round $207 million in digital asset fund outflows last week Federal Reserve insider trading scandal PayPal considering launching a stablecoin - Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW - Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io. - Abra is proud to sponsor The Breakdown. Join 1M+ users and Conquer Crypto with Abra, a simple and secure app where you can trade 110+ cryptocurrencies, get 0% interest loans using crypto as collateral, and earn interest with up to 14% APY on stablecoins and 8.15% APY on Bitcoin. Visit Abra.com to get started. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Time” by OBOY. Image credit: Ryan Muir/Getty Images Entertainment, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
Tom Mullen returns to discuss how the Federal Reserve, the institution that's been kept off everybody's radar and was scarcely discussed in politics until 2007 -- nearly a hundred years after its creation -- ought to unite even people with the most divergent ideologies. Sponsor: CrowdHealth - - Enter promo code: WOODS.
In this episode of Quah (Q & A), Sal, Adam & Justin answer Pump Head questions about Mark Rippetoe and the Starting Strength Method, the best way to grow the hamstrings, how to increase grip strength to deadlift more, and how to include running in your regimen. Mind Pump Fit Tip: How lifting to failure is probably killing your gains. (4:24) Can men have multiple orgasms? (16:23) How Justin's house may be haunted. (26:13) The Creature from Jekyll Island, a peek behind the curtain of the Federal Reserve. (34:03) The benefits of magnesium L-threonate and how Ned's Mellow utilizes it. (36:06) How Felix Gray keeps winning awards! (42:24) Watching TV/movies with the wives. (44:36) #Quah question #1 – What are your thoughts on Mark Rippetoe and the Starting Strength Method? (57:37) #Quah question #2 – What's the best way to grow the hamstrings? (1:05:30) #Quah question #3 - How do I increase grip strength to deadlift more? (1:10:35) #Quah question #4 – If you're going to include running in your regimen, is it better to run before or after lifting? (1:18:01) Related Links/Products Mentioned January Promotion (#1): NEW YEAR'S RESOLUTIONS SPECIAL BUNDLE OFFERS January Promotion (#2): MAPS Anabolic 50% off **Code “JANUARY50” at checkout** How Lifting The RIGHT Way Can Help You Achieve Your Goals – Mind Pump Blog Sore muscles…what does it mean? - Mind Pump Blog Prolactin | Hormone Health Network MP Hormones Mind Pump Hormones Facebook Private Forum Greek Fire - World History Encyclopedia The Creature from Jekyll Island: A Second Look at the Federal Reserve The Fed: The Inside Story of How the World's Most Powerful Financial Institution Drives the Markets Magnesium L-threonate prevents and restores memory deficits associated with neuropathic pain by inhibition of TNF-α Visit NED for an exclusive offer for Mind Pump listeners! Visit Felix Gray for an exclusive offer for Mind Pump listeners! Best blue light blocking glasses of 2022 Watch The Standups | Netflix Official Site Visit Oli Pop for an exclusive offer for Mind Pump listeners! **Promo code “mindpump” at checkout for 15% off your first order** Starting Strength Build Your Hamstrings- How to Properly do Good Mornings The ONLY Way You Should Be Doing Stiff Legged Deadlifts! – Mind Pump TV Swiss Ball Leg Curl – How To Do A Swiss Ball Leg Curl The ONLY Forearm Workout That Matters (TRY THIS!!) | MIND PUMP 5 Exercises For HUGE Forearms & A STRONGER Grip (FREE Big Arms Guide) Diesel Strength and Conditioning for Athletes Mind Pump Podcast – YouTube Mind Pump Free Resources People Mentioned Mark Normand (@marknormand) Instagram James Smith (@jamessmithpt) Instagram Mark Rippetoe (@startingstrength) Instagram Jordan Shallow D.C (@the_muscle_doc) Instagram Paul Chek (@paul.chek) Instagram James Smith (@smittydiesel) Instagram
What a great and busy start to the year… I just returned from the 2022 Consumer Electronics Show (CES 2022)... and today, I'll highlight the best and worst companies that showcased at the event. [0:30] But first, Goldman Sachs just increased its prediction for the number of interest rate hikes we'll see this year as the Federal Reserve attempts to control inflation… I pound the table on why inflation is the biggest risk to the markets today… the single, painful solution I see for the Fed… and how to start protecting your portfolio NOW. [1:30] Cryptos are also seeing a lot of volatility, with Bitcoin dropping from $60,000 to around $40,000 over the past month or so. I explain why the pullback is creating a great buying opportunity. [7:50] Turning to CES, while Omicron had an obvious impact on the number of attendees (several companies ended up canceling last-minute)... there were still plenty of amazing products being showcased—like BMW's new electric vehicle (EV), which I got to test-drive. [9:20] One of the biggest themes of the event was the “metaverse.” While the whole concept is still somewhat ambiguous… the biggest companies—including Apple, Google, Facebook, and Microsoft—are already making big moves into the trend. [20:00] But two companies really stole the show… and I believe one device in particular will become my personal favorite product of the year. [25:50] Finally, a new cross-industry alliance is a huge deal for the smart home trend. [29:20] Check out our , , and the for all of my deep-dive updates from this year's event. Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: https://www.curzioresearch.com/wall-street-unplugged/ Wall Street Unplugged podcast is available at: --: https://itunes.apple.com/us/podcast/wall-street-unplugged-frank/ -- : https://www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 -- : https://www.curzioresearch.com/category/podcast/wall-street-unplugged/ : https://twitter.com/frankcurzio :. https://www.facebook.com/CurzioResearch/ : https://www.linkedin.com/in/frank-curzio-690561a7/ : https://www.curzioresearch.com
* CDC narrative flips to “mostly” telling truth as Democrats chill on tyranny. What's going on?* California sends nurses testing POSITIVE into hospitals, Connecticut sends sick elderly into nursing homes. * Audit the Fed? Vice Chair of Fed quits 2 weeks early as he's caught doing insider trading (as 2 regional Fed presidents also caught). Virtually all in Congress remain silent* Eric Peters, EPautos.com joins — the lessons of I-95, rationing of speed and mobility, Musk's Boring traffic & safety issues, and prepping for mobility* How Pentagon & CIA control movies & TV entertainment* No, Washington is not laying foundation for Covid prison camps — the TRUTH is WORSE and key to understanding what's happenedHr 1 Seg 1: Is Washington state about to enact NEW quarantine camps? The truth is more sensational than what you've been toldHr 1 Seg 2: begins approximately 00:25:19* Audit Fed? Start With These 3 Guilty of Insider Trading. The Vice Char of the Federal Reserve and 2 regional presidents have been caught rigging markets (as usual) but profiting personally. Should they get the Martha Stewart treatment?* Goldman & JP Morgan (Dimon) try to outdo each other with dire predictions of 3, 4, or more interest rate increases. What will happen if the Fed DOES raise rates several times? Hr 1 Seg 3: begins approximately 00:42:48* Real wages are declining — much faster than the government says* Newsom is going to offer free health care for illegals AND cut taxes* Andrew McCabe sees right wing terrorists under every rock. * How the Pentagon & CIA use movies and TV to propagandize (part 1) Hr 2 Seg 1: begins approximately 00:57:00Eric Peters, EPautos.com, joins: the plan to ration mobility - the rent-trap side of “you will own nothing”, Musk's Boring traffic & safety issues, and prepping for mobility and independenceHr 2 Seg 2: begins approximately 01:42:56* How the Pentagon & CIA use movies and TV to propagandize (part 2) “Theater of War”* USA Today tries to sell the idea that gun owners are Nazis, literally* California sends nurse who tested POSITIVE into work at hospital* Connecticut sends sick elderly into nursing homes, but it's happening everywhere as a listener's letter points outHr 3 Seg 1: begins approximately 02:06:44* MailChimp shuts us down even as CDC, Fauci & NY admit we were right* Listener's letter about EVERYONE he knows vaccinated, then sick, but still clinging to the illusion that the jabs are great* UK General Practitioners paid big bounty to jab. Hired Killers?Hr 3 Seg 2: begins approximately 02:19:38* Gateway Pundit and some Catholics op-eds are telling people that NovaVax is effective and free of any abortion connection. NOT TRUE* Those injured by Trump shots are being purged of their life line to get and share info by social media censorship* They are losing the narrative of fear as people live their lives and other people see it. NY, California, Chicago, are all pulling back the dictatorshipHr 3 Seg 3: begins approximately 02:45:00* CDC admits that “covid deaths” are people dying with co-morbidities — as I've said from the beginning. So why are they telling some truth now?Find out more about the show and where you can watch it at TheDavidKnightShow.comIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughZelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Mail: David Knight POB 1323 Elgin, TX 78621
Liked this (or any other episode)? Send us a tip: https://buy.stripe.com/bIYdRx0gc6qjaEEcMM Subscribe to The Realignment's Substack newsletter: https://therealignment.substack.com/ Visit our Bookshop storefront and support the show: https://bookshop.org/shop/therealignment Christopher Leonard, author of The Lords of Easy Money: How the Federal Reserve Broke the American Economy, Kochland: The Secret History of Koch Industries and Corporate Powe rin America, and The Meat Racket: The Secret Takeover of America's Food Business, joins The Realignment to argue that the Federal Reserve's policies over the past decade have accelerated income inequality and put the country's economic stability at risk.
When the Federal Reserve makes money, where does it go? Turns out, the Fed's hands are tied—it can't do anything other than assume that the new money will trickle down into the hands of ordinary Americans through Wall Street's coffers. And according to journalist Christopher Leonard, that's put the United States' economic stability at risk and accelerated income inequality. Christopher Leonard is a business reporter and executive director of the Watchdog Writers Group at the University of Missouri School of Journalism. He is the author of Kochland: The Secret History of the Koch Industries and Corporate Power in America. His new book is The Lords of Easy Money: How the Federal Reserve Broke the American Economy. Twitter: @CLeonardNews The Lords of Easy Money: https://bookshop.org/books/the-lords-of-easy-money-how-the-federal-reserve-broke-the-american-economy/9781982166632 How Nov. 2, 2010 Made the Rich So Much Richer: https://time.com/6112931/federal-reserve-wealth-inequality-recession/ The Fed's Doomsday Prophet Has a Dire Warning About Where We're Headed: https://www.politico.com/news/magazine/2021/12/28/inflation-interest-rates-thomas-hoenig-federal-reserve-526177 Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick's twitter: @NickHanauer