Podcasts about Federal Reserve

Liz Peek. Peek critiques New York politician Zohran Mamdani for failing to define the working class, arguing the DSAprimarily represents white, college-educated liberals. She also discusses Kevin Warsh's influence and the likelihood of the Federal Reserve maintaining interest rates despite inflationary pressures and global instability in the Middle East. (2)1900

P.M. Edition for July 21. Recent AI models from China claim they're just as powerful as some of the most cutting-edge models from OpenAI and Anthropic. Journal reporter Amrith Ramkumar joins to discuss the latest reactions from Silicon Valley and the White House. Plus, General Motors had a strong second quarter as consumers kept buying pickup trucks and SUVs. And New Jersey says a software error led to almost 400 non-citizens voting in elections in the state since 2023. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Some of the world's richest executives are selling AI as the engine of a yet-to-be realized “historic” productivity boom — while warning that it will also eliminate millions of jobs. But if workers absorb the disruption while the gains flow upward, that isn't shared prosperity. It's trickle-down economics with better software. In the final installment of Myths That Built Trickle-Down Economics archive miniseries, we're returning to Nick and Goldy's conversation with economist Preston Mui about why productivity is a policy choice. Mui explains how full employment, sustained public investment, resilient supply chains, and affordable essentials create the conditions for workers and businesses to produce more value. Technology may help us build a more productive economy. Policy will determine who benefits from it. This episode originally aired April 2, 2024.  Preston Mui is a senior economist at Employ America specializing in macroeconomics, labor economics, productivity, and Federal Reserve policy. Social Media: @prestonmui.bsky.social @PrestonMui Further reading:  Post-ECI note: The Supply-side May Spoil Warsh's Productivity Story The Dream of the 90s is Slipping Away in 2025 Early Estimates of the Impact of AI Within BEA's Industry Economic Accounts Our Mission In An Age Of Turbulence: Creating A New Economic Policy Toolkit Website: http://pitchforkeconomics.com Facebook: Pitchfork Economics Podcast Bluesky: @pitchforkeconomics.bsky.social Instagram: @pitchforkeconomics Threads: pitchforkeconomics TikTok: @pitchfork_econ YouTube: @pitchforkeconomics LinkedIn: Pitchfork Economics Twitter: @PitchforkEcon, @NickHanauer Substack: The Pitch

As a newly installed chairman takes the helm of the Federal Reserve, US monetary policy remains uncertain amid a soft inflation print and escalating tensions in the Middle East. David Mericle, chief US economist in Goldman Sachs Research, forecasts the Fed to keep interest rates unchanged this year before cutting its policy rate in 2027. He also unpacks the factors driving US inflation, highlights the surprising resilience of the US labor market, and explains why he expects US GDP to expand around 2% this year.  Recorded on July 20, 2026. The opinions and views expressed herein are as of the date of publication, subject to change without notice, and may not necessarily reflect the institutional views of Goldman Sachs or its affiliates. The material provided is intended for informational purposes only, and does not constitute investment advice, a recommendation from any Goldman Sachs entity to take any particular action, or an offer or solicitation to purchase or sell any securities or financial products. This material may contain forward-looking statements. Past performance is not indicative of future results. Neither Goldman Sachs nor any of its affiliates make any representations or warranties, express or implied, as to the accuracy or completeness of the statements or information contained herein and disclaim any liability whatsoever for reliance on such information for any purpose. Each name of a third-party organization mentioned is the property of the company to which it relates, is used here strictly for informational and identification purposes only and is not used to imply any ownership or license rights between any such company and Goldman Sachs. A transcript is provided for convenience and may differ from the original video or audio content. Goldman Sachs is not responsible for any errors in the transcript. This material should not be copied, distributed, published, or reproduced in whole or in part or disclosed by any recipient to any other person without the express written consent of Goldman Sachs. Disclosures applicable to research with respect to issuers, if any, mentioned herein are available through your Goldman Sachs representative or at ⁠http://www.gs.com/research/hedge.html⁠ Goldman Sachs does not endorse any candidate or any political party. Copyright 2026. All rights reserved. Learn more about your ad choices. Visit megaphone.fm/adchoices

Markets never stop moving, and neither do the conversations that matter most to investors and future retirees. Join Wes Moss and Connor Miller on this episode of the Money Matters Podcast as they break down the latest retirement planning, investing, financial planning, and personal finance headlines with historical perspective and practical context. • Find out how the latest inflation data may influence Federal Reserve policy and interest rate expectations. • See what early projections for the 2027 Social Security COLA—and rising Medicare Part B premiums—may mean for retirement income planning. • Compare wage growth and inflation to better understand what's happening with purchasing power. • Explore the buzz around IPOs while examining what history suggests about IPO investing versus long-term index investing. • Discover how stocks, bonds, and cash have historically performed after inflation across different investment time horizons. • Consider how oil prices, global events, and corporate earnings may influence market volatility and investor sentiment. • Follow the broadening earnings story across the S&P 500, including the growing impact of artificial intelligence spending and wider sector participation. • Learn about the retirement planning tools and bonus resources available with The Retire Sooner Method. Listen to the Money Matters Podcast for more conversations connecting today's headlines with retirement planning, investing, financial planning, and personal finance. Subscribe wherever you get your podcasts so you never miss a new episode.

Danielle DiMartino Booth is the founder and CEO of QI Research, a global macroeconomic and market intelligence firm she launched in 2015 after spending nine years at the Federal Reserve Bank of Dallas, where she advised President Richard W. Fisher during the financial crisis. A leading expert on monetary policy and financial markets, she is the author of FED UP and a frequent contributor to CNBC, Bloomberg, Fox Business, Yahoo Finance, and The Wall Street Journal, bringing decades of experience from the Federal Reserve, Credit Suisse, and Donaldson, Lufkin & Jenrette. You can check out Danielle's youtube channel here: https://www.youtube.com/@DanielleDiMartinoBoothQI  Here's some of the topics we covered: From Wall Street to the Federal Reserve and why she became "Fed Up" How Federal Reserve policies fueled housing bubbles and distorted the economy Why inflation, jobs, and economic data may be telling the wrong story The growing distress in multifamily real estate and where the biggest opportunities lie Housing Bubble 2.0, changing demographics, and why home prices still have room to fall Recession risks, AI-driven job losses, and the future of the U.S. labor market What comes next for interest rates, inflation, and the American economy   To find out more about partnering or investing in a multifamily deal: Text Partner to 72345 or email Partner@RodKhleif.com    For more about Rod and his real estate investing journey go to www.rodkhleif.com   Please Review and Subscribe  

The Chicks sit down with Zach Abraham of Bulwark Capital Management to explain why the housing market feels completely broken. They break down record-high home prices, crushing mortgage rates, limited inventory, rising rent, government permitting costs, and why first-time buyers are getting older. Zach also explains how inflation, Federal Reserve policy, Baby Boomer wealth, the […]

Financial markets are always trying to anticipate what the Fed's next move may be. Making an accurate prediction may become more challenging under new Federal Reserve Board Chair Kevin Warsh. Confluence Associate Market Strategist and Certified Business Economist Thomas Wash joins Phil Adler to discuss Warsh's strategy and how it might impact investors.

Oil hit $120 a barrel during the last Iran conflict. Today it's sitting around $80... during the SAME kind of conflict. That gap is the whole story for where mortgage rates go next, and I break down exactly why in today's video.I also walk through the two things the Federal Reserve actually cares about (inflation and jobs), what last week's data really showed, and why I'm telling you there's basically a 100% chance the Fed does nothing at next week's meeting. Then I get into what I'm personally telling my clients to do right now if you're under contract, or if you're planning to buy later this year.Stick around to the end, I show you the exact tools I use every single day to track this stuff myself, and how you can use them too.

Bonds Continue to Demonstrate Their Value While much of the attention has centered on stocks, the bond market has quietly delivered strong performance over the past two years. Bonds remain an important component of diversified portfolios because they help reduce risk, generate income, and provide stability during periods of market uncertainty. Since October 19, 2023, the total returns across the 11 major bond indices have been notably strong. That date marked the recent peak in the 10-year Treasury yield, which closed at 4.99%. Since then, Treasury yields have fluctuated significantly, falling to 3.62% in September 2024 before climbing back to approximately 4.5% in July 2026. Even with those fluctuations, today’s yield remains below the 2023 peak. Because bond prices generally move in the opposite direction of yields, declining benchmark yields have supported positive returns across much of the fixed income market. Several bond sectors have produced returns exceeding 20% during this period. Looking ahead, inflation and Federal Reserve policy will continue to play an important role in bond performance. Monitoring these factors will help determine how bonds continue to support clients’ long-term investment strategies. Inflation Shows Encouraging Signs of Normalization The latest Consumer Price Index (CPI) report provided an encouraging surprise. Monthly CPI declined by 0.4%, meaning prices actually fell during the month. This is significant because inflation discussions often focus on prices increasing at a slower rate rather than prices declining outright. Typically, inflation “coming down” simply means prices are still rising, but at a slower pace. This latest report was different. Consumers experienced actual price declines, something not seen on a monthly basis since the COVID era and a relatively rare occurrence over the past decade. Much of the decline was driven by lower gasoline prices following easing energy markets after geopolitical tensions earlier in the summer. Although oil prices have recently moved higher again, they remain well below previous peaks, suggesting that the recent decline may represent what a more normalized energy environment could look like. Perhaps even more encouraging was the strength of consumer spending. Retail sales increased by 0.22% during the same month that prices declined. When adjusted for lower inflation, consumers effectively purchased approximately 0.62% more goods and services than the previous month. This is an important distinction. During periods of rising energy prices, households often spend more filling their gas tanks while reducing purchases elsewhere, a phenomenon economists call demand destruction. Instead, the latest data indicates consumers continued spending across the broader economy while benefiting from lower prices. Although one report does not establish a long-term trend, the combination of falling prices and healthy consumer demand offers a positive glimpse into how the economy could perform as inflation continues to moderate. The outlook remains favorable for consumers, financial markets, and interest rates if this broader normalization continues. Greg Powell, CIMA® President and CEO Wealth Consultant Email Greg Powell here Bobby Norman, CFP®, AIF®, CEPA® Managing Director Wealth Consultant Email Bobby Norman here Trey Booth, CFA®, AIF® Chief Investment Officer Wealth Consultant Email Trey Booth here Ty Miller, AIF® Vice President Wealth Consultant Email Ty Miller here Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post Feeling Richer? first appeared on Fi Plan Partners.

A Bloomberg opinion column on July 20, 2026 argued for tighter Federal Reserve policy, putting the FOMC and Chair Jerome Powell in focus. Tighter conditions would operate through higher policy rates and quantitative tightening, affecting bank funding costs and credit availability. Small and midsize businesses could see stricter lending standards, more expensive working capital, and slower approvals. Venture-backed companies would face compressed valuation multiples, longer fundraising timelines, and more bridge financing. Customers may slow purchases in rate-sensitive sectors, lengthening sales cycles and raising procurement hurdles. Founders can prepare by fixing more debt, building liquidity buffers, diversifying banking, and prioritizing efficient growth while monitoring upcoming Fed communications and data.Learn more on this news by visiting us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

In today's Daily Editorial, we sit down with Craig Hemke, Founder and Editor of TF Metals Report. Craig breaks down the quiet start to the trading week amidst broader geopolitical tension, steadying US Dollar strength, and key upcoming macroeconomic catalysts. We explore expectations surrounding the upcoming Federal Reserve meeting, projected interest rate movements, and incoming PCE inflation data. Additionally, we analyze the precious metals space, focusing on earnings expectations, valuation disparities, and market sentiment surrounding major producers like Newmont and Agnico Eagle Mines. Key Discussion Points Summer Trading Dynamics & Geopolitics: Exploring the market's muted reaction to global conflict headlines, crude oil price fluctuations, and key technical levels in the US Dollar index. Fed Quiet Period & Rate Outlook: Analyzing market expectations for the upcoming Federal Reserve policy meeting, potential rate hike scenarios, and the timing of a potential policy pivot. Inflation Trends & PCE Preview: Evaluating incoming PCE data and how energy costs impact broad economic forecasts. Precious Metals & Mining Earnings Sector Preview: Unpacking cost structures, profit margins, and overall market sentiment ahead of key quarterly reporting from major producers and mid-tier miners.   Click here to visit Craig's website - TF Metals Report - https://www.tfmetalsreport.com/   --------------------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/   Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

The Chicks sit down with Zach Abraham of Bulwark Capital Management to explain why the housing market feels completely broken. They break down record-high home prices, crushing mortgage rates, limited inventory, rising rent, government permitting costs, and why first-time buyers are getting older. Zach also explains how inflation, Federal Reserve policy, baby boomer wealth, the stock market, and years of artificially inflated asset prices created today's affordability crisis—and why a recession may be the only thing capable of finally cooling it down. Get answers at Bulwark Capital's “Market Blind Spot” live webinar July 23rd 3:30pm Pacific. Register for FREE at https://KnowYourRiskPodcast.comSubscribe and stay tuned for new episodes every weekday!Follow us here for more daily clips, updates, and commentary:YoutubeFacebookInstagramTikTokXLocalsMore InfoWebsite

Is Kevin Warsh about to finally put money back in the Federal Reserve? That might sound like a strange question. After all, this is the Federal Reserve. It is supposed to be the center of the monetary system. Its officials set what they call monetary policy, testify before Congress about it, and issue statements filled with the word “monetary.” Yet, for decades, the Federal Reserve's most important policy discussions have contained no information about actual money.That may finally be starting to change.Eurodollar University's Money & Macro Analysis--------------------------------------------------------------------------------Learn more about Augusta Precious Metals and what they have to offer - including physical gold for IRA accounts - by going to: https://EurodollarGold.com or text EURO to 35052. ----------------------------------------------------------------------------------If you want to see The Four Economic Regimes, and How to Position Your Portfolio for Each One, sign up here https://eurodollar-university.com/home-page----------------------------------------------------------------------------------https://www.youtube.com/watch?v=07cZsW54vO4https://www.federalreserve.gov/monetarypolicy/files/20260710_mprfullreport.pdfhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUI'll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/edu

Markets are hovering near record highs, but many investors still feel like the rally has lost its momentum. In this episode, Zaid sits down with Fundstrat economic strategist Hardika Singh to discuss why AI and memory stocks have cooled off, what to watch during earnings season, and why Big Tech's AI spending remains the market's biggest story. They also break down the latest signals from the Federal Reserve, why the labor market may now matter more than inflation, and what recent bank earnings reveal about the strength of the U.S. consumer. Finally, Hardika shares her outlook for the second half of the year, including whether blockbuster AI IPOs like OpenAI and Anthropic may have to wait.

World Heath Disclosure David Eells 7-19-26 (audio) Restored Republic via a GCR Update as of Sat. 18 July 2026 by Judy Byington, Welcome To The Great Awakening Next 48 Hours, Critical Next Ten Days, Historic Next 30 Days Changes Civilization “Most don't realize how hard it is to speak the truth to a world full of people who don't realize they're living a lie.”…Edward Snowden Judy Note: On Thurs. 16 July 2026 a ceasefire was activated in Israel – confirming a global reset of Mid East stability. Hamas freed the last living Israeli hostages, while Israel released 2,000 Palestinian prisoners. It all happened just as Q predicted: “Israel would be last.” Though the next day on Fri. 17 July 2026, the US Navy resumed a full naval blockade on Iranian ports in the Strait of Hormuz. The day before Iran had bombed a US Military base, ensuring a permanent break of the ceasefire. Trump's attack was mainly financial. The blockade was costing Iran $400 million a day, while US Central Command (CENTCOM) pounded targets in wave after wave of strikes on bridges, trains and other infrastructure that would affect any trade Iran could do outside the country. Of course, Iran refusing peace and making war would keep them out of the Global Currency Reset and financial system. Trump declared, “We gave them a chance… they shot first. Big mistake.” It was a typical Trump reaction. Because of the Global Military Alliance led by the US President and Commander-in-Chief, Deep State Elites were finally collapsing, while Sovereigns of the World were reaching out to grasp peace and Constitutional Law under God, governed by We The People. Q said it best on Telegram today: “The UN is now obsolete, because Trump is doing their job for them. The UN does not carry out its intended function, so Trump unilaterally took over as the new UN.   “Trump created the Board of Peace, brokered all the peace deals worldwide, and is shutting down threats to the people of the world, like Iran's nukes, the American cartels, ISIS in Syria, Yemen, Nigeria, etc. “Trump is using tariffs and military precision, to operate as the UN is supposed to. Trump is now the new global peacemaker, whether you like it or not. “Nothing gets done at the UN, so Trump took matters into his own hands.” Trump had already assured that Free Energy was on it's way to every household, and with the Global Currency Reset (GCR) that just launched, currencies across the World were trading at a 1:1 with each other as backed by gold and other assets. Our financial future was safe and finally away from the fiat dollar. The GCR had caused the Deep State's privately owned IRS to find it's grave, while their Illuminati's over taxing of the American people suddenly vanished. The Cabal's Federal Reserve now held a new position under the US Treasury where at last, bankers would be held accountable for their actions. The Deep State Elite's petrodollar was dead, Oil Monopoly, dismantled. When announcements came about the new financial system, Stock Markets would collapse; banks fail; the old wealth, evaporate. Though, The People would thrive with the new gold/asset-backed currencies of 209 nations. The Health Industry around the World was being forced to actually help the body heal itself using light and sound frequencies of free Med Bed treatments. Trump was placing Med Beds in hospitals and other facilities worldwide. Thus, these health providers would have the tools to promote health and no longer could tear down our bodies through dependence on their expensive drugs, surgeries and other over priced medical procedures. With Trump's Thursday Executive Order that released free Med Bed treatments to the public, Big Pharma was finally facing accountability through massive legal consequences for their crimes. For centuries they had forced on the population, dependency on drugs that not only didn't heal the body, but actually contributed to ill health. Peace and Freedoms wouldn't come easy. Mr. Pool Q on Telegram said that the next 48 hours were critical. The next ten days were historic. The next 30 days would change civilization.   Within the next 24 hours, seven trumpets were set to sound over every phone, tablet, TV, radio and communication device on Earth to introduce seven Emergency Broadcast System (EBS) messages in 22 languages that explained what's going on. And, what was actually going on? Liberty and Peace were winning. The Great Awakening was here. One of the Liberties that Trump had already given People of the World (that they were yet to know about) was that of good health through Med Beds. Trump's Military Alliance was opening up Med Bed Centers around the World to give free regenerative treatments that healed the body without drugs. On Fri. 17 July 2026 a nurse from Walter Reed Military Hospital leaked her testimony on Med Beds. She had worked in Walter Reed's Med Bed Wing for seven years: She contacted us through an encrypted channel 48 hours ago. Her identity has been verified by three independent sources. She worked at Walter Reed National Military Medical Center from 2017 to 2024 — in a section that does not appear on any public floor plan. She calls it “Sub-Level 3.” Situation Updates: Fri. 17 July 2026 Situation Update: Byington Bombshell Report: America Now Sovereign Under Constitutional Law – Trump Signs EO Releasing Free Regenerative Med Beds to Public | Politics | Before It's News Fri. 17 July 2026: BREAKING FREE: Mind Control, S-----c Ritual A---e, and Jenny Hill's Extraordinary Journey in Twenty Two Faces [JUDY BYINGTON] – amg-news.com – American Media Group Thurs. 16 July 2026 Situation Update (video): WTPN SITUATION UPDATE FEATURING RESTORED REPUBLIC & MORE   A Quantum Space Q Phone will be provided free of charge to all people on Earth. It will be used for internet connectivity on the new Starlink Satellite System: texting, calling, banking, voting and much more, such as used as a credit tool and to make both local and international financial transactions of retail consumption and commercial business. On Thurs. 16 July 2026 Hamas freed the last living Israeli hostages, Israel released 2,000 Palestinian prisoners and the ceasefire in Iran and the Middle East was active. Fri. 17 July 2025, Edward Snowden: Two years ago today, President Trump was shot on stage in Butler Pennsylvania. Trump was putting his life on the line by being President. Since then we have seen: • 2025 security lapse at Trump National Golf Club • 2025 Air Force One security incident • February 2026 Mar-a-Lago Secret Service shooting • March 2026 Mar-a-Lago no-fly zone violation • 2026 White House Correspondents' Dinner shooting • 2026 National Mall Secret Service shooting • 2026 White House Memorial Day Weekend shooting • Multiple threats by Iran. Possible Timing: …Juan O Savin (JFK Jr.?) On Tues. 14 July 2026: GCR and QFS live in 209 nations. Tier 4B funds Med Bed networks. White Hats seize last Fed strongholds. Deep state cartel exposed hiding healing tech. Health revolution ignites! On Wed. 15 July 2026: Zim payouts build Med Bed centers everywhere. Rescued children from tunnels get instant healing erasing t-----e. Big Pharma collapses. Innocent healing begins now! On Thurs. 16 July 2026: Mass arrests hit Pentagon traitors. Med Beds confirmed with Alliance after decades hidden. Veterans and jab injured get priority. On Fri. 17 July 2026: Starlink locks EBS. Med Bed training done. Sick care empire ends. Regenerative tech restores perfect health. Humanity reclaims life! On Sat. 18 July 2026: 48-hour blackout starts. Banks dark under QFS. Supplies ready for darkness. Med Bed systems stand by. Cabal grip on health shattered! Sun. 19 July 2026 OPERATION FINAL-SEAL: Military tribunals go LIVE. 47 Deep State arrests BEGIN. Final rescues free hundreds more children. Victims to Med Beds for renewal.   On Mon. 20 July 2026: Free QFS app appointments begin. At appointments, those with Humanitarian projects receive priority for Med Bed treatments. EBS tests global success. On Tues. 21 July 2026: QFS links Med Bed codes. Patriots priority access. DNA repair on. Aging reverses, diseases vanish. On Wed. 22 July 2026: Alliance rolls out Med Beds worldwide. Free for all after EBS. Children and critical first. Cancer and chronic illness gone. Golden age dawns! On Thurs. 23 July 2026 FINANCIAL RESET: Petrodollar DIES. Quantum system LIVE. Federal Reserve FINISHED. Martial Law declared. Black Hawk helicopters conduct Capitol storm drills in Washington, D.C., signaling full readiness for Martial Law enforcement. At the Same Time Global activation sequence begins. BRICS Alliance goes live alongside NESARA–GESARA implementation and full roll out of the Quantum Financial System (QFS). On Fri. 24 July 2026: EBS launches truth broadcast. Mass arrests as nightmare ends. Med Beds activate for rescued, veterans, then all. Pain ends, paradise starts! On Sat. 25 July 2026 ANNOUNCEMENT: Trump reveals 2020 election PROOF. Declassified documents. Video evidence. MASS ARRESTS: Tribunals execute verdicts. Deep State REMOVED. On Sun. 26 July 2026: NESARA GESARA gives free Med Bed access. No one left behind. Elite tech for masses. Patriots whole again. Alliance promise kept! On Mon. 27 July 2026: Trump confirms victory. QFS and Med Beds anchor Republic. No income tax, tariffs only. Deep state extinct. Health and f Possible Timing of Med Bed Activation: On Sat. 27 June 2026: The first 1,500 Med Bed units activated in hidden US facilities. Initial sessions delivered complete reversal of advanced cancers, spinal and brain regeneration, and age reversal of 20 to 40 years within two-hour treatments using quantum frequencies that interface directly with the body's intelligence and eliminate all Cabal-introduced toxins and pathogens. On Sun. 28 June 2026: Med Bed Centers in Nevada, Ohio and Georgia activated that specialized in DNA genome repair, metabolic reset eliminating obesity and fatigue, and age reversal. On Mon. 29 June 2026: Trump ordered synchronized Med Bed expansion with QFS activation, along with income tax abolition for middle class Americans. This delivered both financial and physical sovereignty to patriots. On Tues. 30 June 2026: Global deployment reaches over 8,300 Med Bed centers across 209 QFS-aligned nations. Success rates top 99 percent for previously incurable conditions. On Wed. 1 July 2026: Public registration opens via QFS portals in key regions. On Tues. 7 July 2026: Tesla Med Beds activate in secure facilities. On Wed. 8 July 2026 sources confirmed hidden technologies including Tesla Free Energy and suppressed medical advancements known as Med Beds officially began unveiling to the general public. On Fri. 10 July 2026: More QFS funded Med Bed centers activate in humanitarian hubs. Veterans from Cabal wars receive full restoration. On Sat. 11 July 2026 EBS protocols engage with Med Bed centers opening worldwide. On Sun. 12 July 2026: Med Beds opened free restoring health and youth everywhere.   On Tues. 14 July 2026: 8000+ Med Bed centers activate worldwide. QFS ensures free access prioritized for awakened patriots and light workers. On Wed. 15 July 2026: First Med Beds activate in Texas, Florida bases for veterans, traumatized children. On Fri. 17 July 2026: Final calibrations complete on Med Bed units powered by Tesla free energy. On Sat. 18 July 2026: Trump confirms Med Beds as cornerstone of new sovereign QFS healthcare. QFS unlocks massive funding for over one thousand Med Bed centers globally. Starlink blocks all Cabal sabotage. Wealth transfers fuel expansion. On Sun. 19 July 2026: Miraculous cures emerge with cancer patients recovered, diseases vanishing, and age reversal visible. Suppressed tech truth explodes. Tribunals advance from Med Bed evidence exposing Cabal atrocities. Awakening surges! On Mon. 20 July 2026: Redemptions provide endless resources for Med Bed rollout everywhere. Free QFS app appointments begin. Full public Med Bed access expands. Those with Humanitarian projects receive priority. On Tues. 21 July 2026: EBS tests confirm readiness as Med Beds enter public phase under military guard. Trump calls it the ultimate defeat of deep state medical control. World awaits total health freedom! On Wed. 22 July 2026: Huge healing events launch worldwide in secure sites. Children and elderly regain vitality. Leaked footage crushes media blackouts. Arrests of medical figures escalate with swift justice for deliberate harm! On Thurs. 23 July 2026: Free global Med Beds access starts for all. Smart systems slash wait times. Longevity treatments begin. GESARA promises fulfilled as Republic rejoices and Cabal power crumbles! On Fri. 24 July 2026: Every neighborhood gets Med Bed hubs with clean energy. Tech shared globally ending health inequality. Patriots celebrate end of sickness weaponization. Deep state illness control shattered!   On Sat. 25 July 2026: Global celebrations mark Med Beds era and restored Republic. Trump credits the tech for crushing Cabal remnants. Transformed citizens power the Great Awakening to final victory for patriots! On Tues. 28 July 2026: Med Beds online free worldwide. On Thurs. 30 July 2026: Starlink frequencies bring healing to remote areas instantly. On Sat. 1 Aug 2026: Trump's epic Independence event unveils Restored Republic and QFS rebirth. Freedom rings worldwide. On Mon. 3 Aug 2026: Home frequency Med Beds activate via Starlink. Instant healing 24/7 everywhere. Golden Age of Health and Abundance begins. Global Currency Reset: Judy Note: On Fri. 17 July 2026 several different sources indicated that the Admiral's Group has begun their exchanges, Tier3 Native Americans have received 90% of their monies and Bond Holders were scheduled to receive the balance of their exchange this weekend. Tier4b (us, the Internet Group) were next and expected to be notified to set exchange/redemption appointments at by the early part of next week. Fri. 17 July 2026 MarkZ: Indian Nations are 90% done exchanging. Bond Groups receive their balance this weekend. Tier4a should be finishing exchanging this next week – then Tier4b (us, the Internet Group). Fri. 17 July 2026 Med Bed Activation on Telegram: On Mon. 20 July 2026 Free QFS app appointments begin. Redemptions provide endless resources for Med Bed rollout everywhere. Full public Med Bed access expands. Those with Humanitarian projects receive priority. Thurs. 16 July 2026  Bruce, The Big Call The Big Call Universe (ibize.com)  667-770-1866 A source said Tier4b (us, the Internet Group) could be notified over the weekend and start exchanges Mon. 20 July. Judy Note: No one knows the exact date for notification of appointments for Tier4b (us, the Internet Group) to exchange foreign currencies, but deadlines shown in the above Timing indicate it to be very soon. We have been told that Wells Fargo, which is controlled by the Chinese Elders – (the ones who own the gold behind the Global Currency Reset) – will send out emails to currency and bond holders worldwide telling them how to set redemption & exchange appointments. It is advised to exchange/redeem your foreign currency at an official Redemption Center (RC) rather than a bank. You can only redeem Zim at a RC, the Dinar Contract Rate can only be given at a RC and banks will offer you lower exchange rates than what you can obtain at a RC. You can only set up your new wallet (bank account) at a RC. It was my understanding that most banks were under control of the Cabal and would soon play a different roll in the Global Financial System.   Mass Arrests: On Mon. 7 July 2026 Operation Military Cleanse was activated:  847 Pentagon officials detained  234 Generals and high-ranking officers arrested  678 Military operatives removed from active duty  4,000 Troops deployed across 19 states for domestic operations  50 States coordinated simultaneously Charged With:  Treason against the United States  Coordination with foreign adversaries  Conspiracy to overthrow the government  Crimes against Humanity  Violation of Military Code of Justice What We Think We Know as of Sat. 18 July 2026:   Med Beds Thurs. 16 July 2026 BREAKING: TRUMP JUST SIGNED EXECUTIVE ORDER 2026-1947. MEDBED TECHNOLOGY DECLASSIFIED FOR CIVILIAN USE. THE PHARMACEUTICAL INDUSTRY HAS 90 DAYS. …Tier4b ISO 20022 on Telegram July 15, 2026. 04:00 AM EST. This was signed in silence. No press conference. No cameras. No media briefing. Executive Order 2026-1947: “Declassification and Civilian Deployment of Electromagnetic Regeneration Technology.” THE ORDER STATES:  All frequency-based healing technology currently classified under Department of Defense medical programs is hereby declassified for civilian research and deployment.  The FDA is prohibited from blocking, delaying, or interfering with the distribution of electromagnetic regeneration devices to the American public.  Pharmaceutical companies have 90 days to disclose all suppressed clinical trials involving frequency-based treatments — or face criminal prosecution under 18 U.S.C. § 1001.  Military medical facilities currently operating regeneration technology will begin civilian intake within 120 days. THE PANIC: Pfizer stock dropped 14% in pre-market trading. Johnson & Johnson emergency board meeting called at 5:00 AM. Moderna CEO sold $47 million in personal shares before market open. They KNEW this was coming. They tried to sell before the collapse. WHY NOW?: Trump's medical advisors presented him with a 3,400-page classified report documenting 61 years of suppressed frequency healing research. The report contained: — 847 successful clinical trials hidden from the public — 12,000+ patients fully cured of terminal conditions using electromagnetic frequency — Cost analysis showing MedBed treatment at $0.003 per session vs. $150,000 average cancer treatment Trump read the cost analysis. Then he signed the order. THE TIMELINE:  Day 1-30: Full declassification of all research documents  Day 31-60: FDA forced to approve frequency-based devices  Day 61-90: Pharmaceutical disclosure deadline (criminal penalties)  Day 91-120: First civilian MedBed centers open in 12 states THE DEEP STATE RESPONSE: They are already trying to k--l this. Three major media outlets received calls from pharmaceutical lobbyists at 5:30 AM demanding they do NOT report on EO 2026-1947. CNN has been silent. NBC has been silent. ABC has been silent. Their silence IS the confirmation. If this order was fake, they would be laughing at it on every channel. Instead — total blackout. Total silence. Total panic. THE TRUTH: The pharmaceutical industry just received its death sentence. 90 days. That's all they have left. After that, the technology that cures cancer in 42 minutes will be available to every American citizen. They had 61 years of profit. 61 years of human suffering. 61 years of suppression. It ends now. Fri. 17 July 2026 Fox News: MAJOR PUSH ON CAPITOL HILL: WAR ON FRAUD RAMPING UP, BILLIONS STOLEN FROM TAXPAYERS Social media investigator Nick Shirley testified today exposing rampant fraud — from Somali day care scandals in Minnesota to massive Medicaid scams in NYC with Dr. Oz. DOJ milestone: Trade Fraud Task Force hit over $1 BILLION in recoveries in under a year. Dr. Oz & others highlighting adult day care mills, fake billing, durable medical equipment scams (twice as many in parts of Florida as McDonald's), and personal care services as NYC's top “job.” This isn't red or blue, it's right vs. wrong. Hardworking taxpayers are getting robbed. Every dollar stolen is one less for real Americans. Restored Republic via a GCR Update as of Sun. 19 July 2026 by Judy Byington, On Sat. 4 July the Constitutional Republic Restored, While US Inc. Dissolved On Thurs. 16 July the Quantum Financial System Went Live Worldwide Also on Thurs. 16 July President Trump signed Executive Order 2026-1947 – a Declaration That Med Bed Technology Had Been Released to the Public. Global Martial Law Was Not Only The Only Way, But Was On It's Way The Republic of United States of America Was Being Restored Trust The Plan Save The Children _____________________________________________________ Judy Note: The Constitutional Republic has been restored. The Global Currency Reset to gold/asset-backed currency of 209 nations has been released. Med Bed technology – giving the body the ability to heal itself – was being released. The Illuminati Cabal, who for centuries had been working towards having complete control over our society, didn't like those ideas, and was fighting back big time. Trust The Plan. “On Sat. Evening 18 July 2026 the White House in Washington DC turned all red, signifying Mass Arrests were in motion.” …Q “In the coming hours, the World as we see it will be changed forever as Michael Jackson emerges on the Emergency Broadcast System – alive and ready to speak. It's time for the whole World to know the truth.” …Emergency Broadcast System on Telegram “The US Army Special Forces raided a hidden Obama property in the Virginia countryside, where they discovered “The Lucifer Codex.” The files proved that Obama was the high priest who personally opened the main hell portal under Washington DC in 2009.” …Martial Law on Telegram Temporary Martial Law has been raised to maximum alert nationwide. The EBS is preparing to release the first decoded pages within hours.   Prepare for ten days of communication darkness. We are in a silent war – the final battle of the planet. In the next couple of weeks the World will change and tremble. One of the most dramatic changes: Free Med Bed Treatments will soon be available to the general public across the Globe. The non invasive treatments, which generally take under an hour, use certain wave lengths to help the body heal itself. Since 2019 the American Medical Association has been actively fighting against allowing the public to have the healing treatments, saying they will create a financial crisis to the healthcare industry and force a complete overhaul of our medical, health insurance and pharmaceutical companies. In 2019 the American Medical Association (WHO) sent an internal email to every licensed physician in America – 847,000 doctors: The email acknowledged the positive effects of Electromagnetic therapy (Med Beds), but threatened the doctors with loss of license and criminal prosecution if they used it because of the financial affects it would have on the medical, insurance and pharmaceutical industries. The Email: “Updated Clinical Guidelines: Non-Pharmaceutical Electromagnetic Interventions — Position Statement: The AMA acknowledges that peer-reviewed evidence supports the biological efficacy of PEMF therapy in tissue regeneration, pain management, and immune modulation. However, widespread adoption would destabilize existing treatment revenue models and insurance reimbursement structures. Any physician who recommends, prescribes, endorses, or refers patients to electromagnetic frequency-based therapy will face immediate license revocation, removal from insurance networks, and potential criminal liability under state medical practice statutes.” The bottom line was that your doctor knew that frequency heals, that the MedBed principle was scientifically valid, that most of what he prescribed managed symptoms, not cured disease. He cannot tell you because his license would be revoked and he would face criminal liability by the American Medical Association. On Thurs. 16 July 2026 at 03:17 am Geneva time the World Health Organization deleted over 14,000 pages from their database – all related to the documented clinical effectiveness of electromagnetic frequency therapy on human disease (Med Beds). The deletion happened 14 hours after President Trump signed Executive Order 2026-1947 – a declaration that Med Bed Technology was now released to the public.The WHO knows that once MedBed technology enters civilian deployment, every document they ever buried becomes evidence of a crime against humanity. On a brighter side: “A senior Treasury Department official claims that the Quantum Financial System was live and the Global Currency Reset was happening now. Everything you know about money is about to change forever.” …Tier4b ISO20022 on Telegram The senior US Treasury official contacted us 48 hours ago through a secure channel. Her identity verified by six independent financial intelligence sources. She worked in Treasury's Special Financial Operations Division 2008-2026. She calls it “The Awakening.” Her words. Unedited: “July 4, 2026. U.S. Corporation dissolved. Constitutional Republic restored.” “July 16, QFS went live globally. Every major bank connected. Old system dead.” “GCR happening now. Every currency revalued. Gold-backed. Transparent.” “NESARA/GESARA implemented across 209 countries. Debt jubilee. End of Fed.” “Saint Germain Trust ($890 trillion) is being activated. Going to the people.” “I have the activation codes. I have the account numbers. I have the proof that this is happening right now. In 18 years, I witnessed:”  The QFS development from concept to deployment  209 countries signing onto NESARA/GESARA  The Saint Germain Trust verification ($890 trillion)  The U.S. Corporation dissolution documents  The Constitutional Republic restoration protocols “Trillions stolen by Fed. People enslaved by debt. We had the solution. I couldn't sleep. For 18 years.” WHY SHE'S TALKING NOW: “Activation complete. If I speak, people understand what's happening. I have 18 years of documentation. QFS architecture. Proof old system finished.” “The banks will announce the revaluation. The media will call it a crisis. It's not a crisis. It's liberation. I am ready to testify. Under oath. Before Congress. Before the world.” HER FINAL MESSAGE: “To every person who lost their home to the Federal Reserve: Your debt is forgiven. Your home is yours. The jubilee is here.” “To every person who worked their entire life for money that's about to be worthless: You will be compensated. The Saint Germain Trust is for you.” “To the Federal Reserve leadership: Your time is finished. The QFS is live. You cannot stop it anymore.”   OPERATION FINANCIAL FREEDOM ✓ ACTIVATED PHASE 1: QFS Activation ✓ LIVE (July 16) PHASE 2: Currency Revaluation ⟳ JULY 25 – AUGUST 8 PHASE 3: Wealth Distribution ⟳ AUGUST 15 – SEPTEMBER 30 PHASE 4: New Economy ⟳ OCTOBER 1 The Quantum Financial System is live. The Global Currency Reset is happening. NESARA/GESARA is being implemented. The old system is dead. The new system is born. The people are being liberated. Trump knows. The military knows. The intelligence agencies know. They are protecting the transition. PREPARE FOR ABUNDANCE. PREPARE FOR FREEDOM. PREPARE FOR THE NEW EARTH. The financial reset is here. The Tier 4B activation is complete. Everything changes now. Right now Military Forces are positioning for activation of the EBS. Systems are being readied, Global shutdown protocols are in motion. The Blackout is nearing. Disclosures are on the horizon. Large scale arrest Since 2007 the US Military has been using Red Light Therapy (Med Beds) to extend the operational lifespan of it's soldiers. There were discovered to be thousands of pages of foreign IP address sending and receiving data to election precincts and servers outside the United States during the 2020 Election. CISA, DHS, the FBI, and the CIA knew all about it because they were in on it. The Deep State rot runs deep, but not for much longer. The Mar-a-Lago unredacted search warrant CONFIRMS that the Biden DOJ, FBI, and GSA engineered and manufactured the plot to frame Donald J. Trump! On Thurs. 16 July 2026 the U.S. military went deep into Iran and expanded operations. Bridges and supply routes were no more. Airports went up in smoke. Infrastructure vaporized. The IRGC was being wiped out. The goal was to destroy Iran's infrastructure and its military capability would collapse. When its military broke, its regime would fall. The old world of Iranian tyranny was dead. The New World of American dominion begins. The oil runs freely. The cash was rolling in. Peace comes. …Nesara Gesara QFS on Telegram. The CIA knew about cures for cancer 50 years ago. …Nesara Gesara on Telegram Nick Shirley just went on national television and dropped this revelation: The Chinese and Korean Mafia is LOOTING MEDICAID and running a kickback scheme in NYC A nurse from one of America's hardest-hit C---D hospitals in NYC described gross medical mismanagement where clueless healthcare workers were straight-up k-----g patients. Survival wasn't about medicine — it was about whether your caregiver actually knew what they were doing. Medicare paid hospitals MORE when patients died. The system incentivized death over life.   Possible Timing: “On Sat. 18 July 2026 at 3:17 AM EST the RV/GCR exploded – Iraq, Vietnam, Zimbabwe, all revalued sky-high while the Cabal's Federal Reserve Note collapses in real time.” …Dr. Jim Willie Patriot Truth Archive on Telegram Global Currency Reset: Sat. 18 July 2026 The dollar is dead, the reset is here, and the traitors are about to lose everything. …Patriot Truth Archive on Telegram Dr. Jim Willie just went nuclear: the United States Corporation is bankrupt, the fiat dollar has been deliberately crashed by white hats, and the quantum financial system flipped live overnight. The RV/GCR exploded at 3:17 AM EST today Sat. 18 July 2026 – Iraq, Vietnam, Zimbabwe, all revalued sky-high while the cabal's Federal Reserve Note collapses in real time. Willie laid it out raw: The BRICS nations, led by Trump's secret alliance with Putin and Xi, just pulled the trigger. Over 209 countries locked into gold-backed currencies, the SWIFT system is offline forever, and the Rothschild central banks are being seized as we speak. NESARA/GESARA fully activated – all bank debt, mortgages, credit cards, student loans WIPED OUT starting tomorrow morning. Redemption centers on full lockdown, military guarding Tier 4B notifications going out within hours. The real bombshell? GITMO executions began at dawn – top bankers, Fed chairs, and deep state money launderers hanged for treason after the gold standard was restored. Med Beds rolling out next week, suppressed energy tech released, and the biggest wealth transfer in human history is hitting patriot accounts first. Trillions in restitution flowing to those who held the line and printed fake money. America is being shaken awake – power outages are tactical, internet blackouts cover the arrests, and the EBS is primed for the 10 Days of Darkness starting any moment. The storm isn't coming – it's here. The fake Biden corpse regime ends this week, Trump sworn in on the real Constitution, and the Republic rises from the ashes of their burned-out corporation. Anons, this is the moment we bled for. The dollar dies so we can live free. The evil empire of debt slavery is over. They stole our wealth for 150 years – now we take it all back with interest. The Hat is dropping truth like napalm: the shock is just beginning, and the cabal is screaming as their money turns to dust. Get ready for the greatest week in history. Notifications any second. Redemption appointments flood in. The Golden Age starts NOW. The shaking isn't destruction – it's liberation. Nothing can stop what's coming. Patriots are about to be richer than kings while the wicked burn. NCSWIC. Judy Note: No one knows the exact date for notification of appointments for Tier4b (us, the Internet Group) to exchange foreign currencies, but deadlines shown in the above Timing indicate it to be very soon. We have been told that Wells Fargo, which is controlled by the Chinese Elders – (the ones who own the gold behind the Global Currency Reset) – will send out emails to currency and bond holders worldwide telling them how to set redemption & exchange appointments. It is advised to exchange/redeem your foreign currency at an official Redemption Center (RC) rather than a bank. You can only redeem Zim at a RC, the Dinar Contract Rate can only be given at a RC and banks will offer you lower exchange rates than what you can obtain at a RC. You can only set up your new wallet (bank account) at a RC. It was my understanding that most banks were under control of the Cabal and would soon play a different roll in the Global Financial System. What We Think We Know as of Sun. 19 July 2026: Sat. 18 July 2026 Fox News: Nick Shirley just went on national television and dropped this revelation: The Chinese and Korean Mafia is LOOTING MEDICAID and running a kickback scheme in NYC “In Queens, adult day cares [have] pharmacies set up, it's this big racket where they BILL all these people with medical beneficiary numbers from seniors in the adult day cares. They make so much money from Medicaid, THEY GIVE KICKBACKS to the seniors.” “So you have these Korean and Chinese mafias, quite literally, looting the government from Medicaid, and then giving the kickbacks to the seniors!”   INGRAHAM: “So wait, the old people get the money themselves?” SHIRLEY: “Well, they make so much money, these pharmacies and these little day cares, that they then have a referral program set up for these seniors. So it's like bringing a friend will give you a hundred bucks.” Med Beds Sat. 18 July 2026 YOUR DOCTOR KNOWS. HE WAS TOLD TO STAY QUIET. HERE'S THE EMAIL THAT PROVES IT. …Tier4b ISO20022 In 2019, an internal email was sent to every licensed physician in the American Medical Association network. 847,000 doctors received it. The subject line read: “Updated Clinical Guidelines: Non-Pharmaceutical Electromagnetic Interventions — Position Statement” The email contained one directive: “Any physician who recommends, prescribes, endorses, or refers patients to electromagnetic frequency-based therapy will face immediate license revocation, removal from insurance networks, and potential criminal liability under state medical practice statutes.” Your doctor read that email. And then he looked you in the eye and said: “There's nothing else we can do.” THE EMAIL WAS NOT ABOUT SAFETY. Buried in paragraph 14 — the paragraph no one reads — was this sentence: “The AMA acknowledges that peer-reviewed evidence supports the biological efficacy of PEMF therapy in tissue regeneration, pain management, and immune modulation. However, widespread adoption would destabilize existing treatment revenue models and insurance reimbursement structures.” Read that again. Slowly. They ACKNOWLEDGED it works. Then they BANNED doctors from using it. Not because it's dangerous. Because it's too effective. WHAT YOUR DOCTOR ACTUALLY KNOWS: Every physician trained after 2005 was taught — in medical school — that:  Cells respond to electromagnetic stimulation (this is in every biophysics textbook)  PEMF accelerates bone healing (FDA approved since 1979 for fractures)  Transcranial magnetic stimulation treats depression (FDA approved 2008)  Electrical stimulation regenerates nerve tissue (published in Nature, 2019) They ALREADY know frequency heals. They use it in narrow, controlled applications where pharmaceutical profits aren't threatened. But the moment you ask: “If magnets can heal my bones, can they heal my cancer?” Your doctor goes silent. Changes the subject. Writes another prescription. Because he read the email. And he chose his license over your life.   THE DOCTORS WHO REFUSED TO STAY QUIET: Dr. Jerry Tennant — Published “Healing is Voltage.” Proved that every disease correlates with a measurable voltage drop in affected tissue. Restore the voltage, cure the disease. His medical license was “reviewed” three times. Dr. Dietrich Klinghardt — Documented frequency therapy curing Lyme disease in 85% of patients. Lost hospital privileges at two institutions. Dr. Thomas Lodi — Achieved 90%+ cancer remission using integrative frequency protocols. Forced to relocate his practice to Mexico. Dr. Lee Merritt — Spoke publicly about suppressed electromagnetic healing. Removed from every medical board she served on. They didn't lose their careers because they were wrong. They lost their careers because they were RIGHT — and they refused to be silent. THE MATH OF SILENCE: Average doctor salary: $350,000/year Average medical school debt: $241,000 Years to pay off debt: 13 years Cost of losing license: Everything They designed a system where speaking the truth costs a doctor their entire life's investment. 13 years of training. $241,000 in debt. Their home. Their family's security. The AMA didn't just threaten doctors. They built a financial prison that makes silence the only rational choice. Your doctor is not evil. He is trapped. But YOU are not trapped. You don't have a license to lose. You don't have $241,000 in debt holding you hostage. You have nothing to lose by knowing the truth. THE TRUTH: Your doctor knows that frequency heals, that the MedBed principle is scientifically valid, that most of what he prescribes manages symptoms, not cures disease. He cannot tell you. The email made sure of that. 847,000 doctors received one email. 847,000 doctors chose silence. The email has been leaked. The silence is over. Your doctor knew. Now you know too. On Thurs. 16 July 2026 at 03:17 am Geneva time the World Health Organization deleted over 14,000 pages from their database – all related to frequency healing. …EBS activated with Trump on Telegram A digital forensics team monitoring the World Health Organization's public research database flagged a mass deletion event. 14,247 pages of archived research — removed in a single batch operation. Every deleted file had one thing in common: They documented the clinical effectiveness of electromagnetic frequency therapy on human disease. THE DELETED FILES INCLUDED:  1,847 peer-reviewed studies on PEMF (Pulsed Electromagnetic Field) therapy showing 70-94% efficacy in tissue regeneration  3,200 pages of WHO internal memos from 1998-2015 discussing “the frequency problem” — their own term for the threat that non-pharmaceutical healing posed to global health economics  6,400 pages of clinical trial data from 11 countries showing frequency-based cancer remission rates between 67-89%  2,800 pages of correspondence between WHO directors and pharmaceutical executives discussing “containment strategies” for frequency healing research HOW WE KNOW: The Wayback Machine captured snapshots of 4,100 of these pages before deletion. Digital forensics teams archived another 7,300 through automated scraping protocols that were triggered by the mass deletion event. They deleted 14,247 pages. We recovered 11,400. They failed. WHAT THE MEMOS REVEAL: A 2003 internal WHO memo — now recovered — contains this exact sentence: “If electromagnetic frequency therapy achieves mainstream clinical adoption, the global pharmaceutical revenue model becomes unsustainable within 18-24 months. Containment is not optional. It is existential.” Signed by three WHO department heads. Names redacted in the original. Digital forensics has identified two of the three. A 2011 memo is more direct: “Recommend classification of all PEMF efficacy data as ‘inconclusive' regardless of outcome metrics. Peer review panels must be briefed accordingly.” They didn't suppress the research because it didn't work. They suppressed it because it worked TOO WELL. WHY NOW: The deletion happened 14 hours after Executive Order 2026-1947 was signed – Trump's declaration that Med Bed Technology was released to the public. This is not coincidence. This is panic. The WHO knows that once MedBed technology enters civilian deployment, every document they ever buried becomes evidence of a crime against humanity. They are destroying evidence. In real time. Right now. But the internet never forgets. And neither do we. THE NUMBERS THEY TRIED TO ERASE: — Breast cancer: 78% complete remission using 10.5 Hz PEMF (WHO Study WH-2007-4491, now deleted) — Type 2 diabetes: 64% reversal using 7.83 Hz exposure, 30 min/day for 90 days (WHO Study WH-2012-8823, now deleted) — Alzheimer's: 41% cognitive restoration using Gamma frequency 40 Hz stimulation (WHO Study WH-2014-1157, now deleted) — Chronic pain: 91% elimination using Alpha frequency 10 Hz (WHO Study WH-2009-3340, now deleted) These are not alternative medicine claims. These are the WHO's OWN studies. Conducted with their own funding. Showing their own results. And they just tried to delete them from existence. THE QUESTION: If frequency healing doesn't work — why delete 14,000 pages at 3AM? If MedBeds are “conspiracy” — why panic after a presidential executive order? If electromagnetic therapy is “pseudoscience” — why did the WHO spend 17 years studying it and then HIDE the results? Their actions are the confession. The deletion IS the proof. They spent 20 years hiding the cure in their own database. Then they tried to burn the database. The fire came too late. We already have the files. Share this. The evidence is secured. The deletion failed. Sat. 18 July 2026 BREAKING: JAPAN JUST BECAME THE FIRST COUNTRY TO OFFICIALLY APPROVE MEDBED TECHNOLOGY FOR PUBLIC HOSPITALS. THE MEDIA BLACKOUT IS TOTAL. …Tier4b ISO20022 on Telegram July 17, 2026. Tokyo, Japan. The Japanese Ministry of Health, Labour and Welfare just issued Directive MHLW-2026-7714: “Authorization of Electromagnetic Frequency Regeneration Devices for Clinical Deployment in National Healthcare Facilities.” This is not a trial. This is not a study. This is FULL APPROVAL. Starting September 1, 2026, electromagnetic frequency regeneration chambers will be installed in 340 national hospitals across Japan.   [Incomplete text due to character limit. Please see UBM website for links and full text]

  What Does This Week’s Market Volatility Mean for Your Retirement Portfolio? By Tom Dupree, Founder, Dupree Financial Group Inflation cooled. The big banks beat expectations. And somehow, it was still a wild week in the market. If you’ve been watching your account balance bounce around and wondering whether any of it has anything to do with the actual value of what you own, here’s the short answer: usually not. Most of what moved the market this week wasn’t new information about businesses — it was leverage, technical trading, and forced selling. That distinction matters more for your retirement than almost anything else you’ll read this month, because it tells you when to act and when to simply hold on. This week’s episode of The Tom Dupree Show walked through four separate stories — cooling inflation, strong bank earnings, a leveraged-ETF blowup on the other side of the world, and a regulatory fight over how often companies should report earnings — that all point to the same lesson: know what you own, know why the price is moving, and don’t confuse someone else’s forced selling with your own emergency. Key Takeaways Inflation cooled to 3.5% year-over-year in June, but the Fed’s new chair has questioned whether the 2% target is even the right one — the ground rules for bonds and rate-sensitive investments could shift. Bank profits this quarter came mostly from paying less on deposits, not from a borrowing boom — a reminder that cash flow, not headlines, tells the real story. A leveraged single-stock ETF collapse in South Korea forced hundreds of thousands of retail accounts into liquidation — a case study in what daily-compounding leverage does to a portfolio. Semiconductor stocks have swung hard on technical signals, not fundamentals — which can create real opportunity for patient, long-term owners. A federal proposal to let companies report earnings twice a year instead of four times has reignited a real debate about transparency versus short-termism. Why Does the Market Feel So Unpredictable Right Now? If you’re 55, 65, or 75 and watching a retirement account that’s supposed to fund the next 30 or 40 years of your life, a week like this one is unsettling. The headlines contradict each other: inflation is cooling, but chip stocks are getting hammered one day and ripping higher the next. Banks are thriving, but somewhere on the other side of the world, hundreds of thousands of retail investors just lost their entire trading accounts overnight. It’s a lot to hold at once, and it’s reasonable to wonder whether any of it should change what you do with your own money. Here’s the honest answer: for most retirees holding a diversified, income-producing portfolio, almost none of it should. But understanding why requires pulling apart what actually happened this week — and separating the noise from the signal. What Actually Happened This Week — The Data Start with the good news. The Bureau of Labor Statistics reported that headline inflation cooled to 3.5% year-over-year in June, with core inflation (which strips out food and energy) coming in at 2.6% — both below what economists expected, and producer prices actually declined for the month. That’s a meaningfully better inflation picture than markets were braced for. But the Fed’s target isn’t necessarily fixed anymore. Kevin Warsh, who was sworn in as Federal Reserve chairman this spring, has openly questioned the assumptions behind the central bank’s longstanding 2% inflation goal and launched a broader review of how the Fed operates. For retirees who own bonds or rate-sensitive income investments, that’s not a footnote — it’s a reason to pay attention to what “the target” even means over the next few years, rather than assuming the old rules still apply. Meanwhile, bank earnings came in strong — but not for the reason most people assume. The lift came primarily from banks paying less to fund themselves (short-term deposit rates have fallen faster than the loans on their books have repriced), not from a fresh wave of borrowing. It’s a good environment for financial stocks, but it’s a funding-cost story more than a booming-economy story, and that distinction matters if you’re trying to judge whether the rally has legs. Then there’s the semiconductor sector, which has been the market’s most volatile corner. Taiwan Semiconductor, the company that manufactures the vast majority of the world’s advanced AI chips, reported June revenue up nearly 68% year-over-year, a genuinely extraordinary number driven by AI infrastructure demand. And yet chip stocks broadly have been whipping up and down for reasons that have very little to do with numbers like that one. A lot of that action is technical: when a stock breaks below a widely watched moving average, institutional trading algorithms are programmed to sell, regardless of what the underlying business is doing. That selling then triggers more selling. It looks like panic. It’s often just mechanics. The starkest illustration of what leverage does in a downturn came out of South Korea this month, where a wave of new single-stock leveraged ETFs tied to semiconductor giants Samsung and SK Hynix triggered margin calls on more than 1.2 million retail trading accounts, with roughly 320,000 to 360,000 of those accounts fully liquidated in a matter of days. These products were designed to move twice the daily price swing of a single stock — which sounds appealing on the way up and is devastating on the way down, because the losses compound daily rather than tracking the stock’s actual return over time. It’s an ocean away from Lexington, Kentucky, but the lesson travels: leverage doesn’t just add risk, it changes the math entirely. Finally, there’s a quieter but genuinely important story developing in Washington. The SEC has proposed letting public companies choose to report earnings twice a year instead of four times, a change championed by President Trump and SEC Chairman Paul Atkins as a way to reduce short-term pressure on management teams. The idea splits reasonable people: less frequent reporting could free executives to run their businesses for the next several years instead of the next ninety days, but it could also mean investors — including retirees who depend on knowing exactly what they own — get less information, less often. This week’s news cycle also included a primetime presidential address in which Trump alleged that newly declassified intelligence showed foreign interference — including from China — in the 2020 election, along with claims of voter registration fraud in Michigan. Election security officials, including the Cybersecurity and Infrastructure Security Agency, have said they’ve found no evidence that any votes were altered in past elections. Whatever your read on the speech, it fed into a broader theme running through the whole hour: how much can you trust the numbers an institution hands you, whether that’s a vote count or a government inflation report? It’s why we do our own research instead of relying solely on government statistics or Wall Street’s sell-side analysts, and it’s the same instinct that should guide how you evaluate any claim, official or otherwise. The Reframe: Manufactured Volatility vs. Real Risk Here’s the framework we come back to on nearly every episode of the show, and it’s the one thing we want you to take from this week’s news: there is a real difference between manufactured volatility and real risk, and confusing the two is one of the most expensive mistakes a retiree can make. Manufactured volatility is what happens when a stock’s price swings because of leverage unwinding, algorithmic trading around technical levels, or funds racing to exit ahead of a quarterly number — not because the underlying business got worse. The Korean ETF collapse is manufactured volatility in its purest form: a Samsung or SK Hynix shareholder holding actual shares, with no leverage, watched the same news and the same earnings power, just without the forced-selling spiral. Real risk is different. Real risk is a company losing its competitive position, cutting its dividend, or piling on debt it can’t service. Real risk should change what you own. Manufactured volatility, more often than not, should not. The trouble is that from the outside, both look identical on a stock chart. A share price falling 10% doesn’t come labeled “manufactured” or “real.” Telling the difference requires actually knowing the business you own — its cash flow, its dividend history, its balance sheet — well enough to judge whether this week’s headline changed anything about that story. That’s the diligence part of the job, and there’s no shortcut around it. How Should Retirement Investors Respond to This Kind of Volatility? At Dupree Financial Group, this is exactly why our approach centers on dividend-paying stocks and bonds rather than chasing whatever sector is moving fastest. When you own a company for the income it generates — not for a price target — a week of manufactured volatility becomes far less threatening, and sometimes it becomes an opportunity. When institutions are forced to sell a good company for reasons that have nothing to do with its fundamentals, the price drop that scares one investor is simply a better entry point for another. That’s not a guarantee of a favorable outcome — all investing involves risk, including the possible loss of principal — but it’s a fundamentally different posture than reacting to every headline. Seven Steps to Retirement-Proof Your Portfolio Against Manufactured Volatility Know what you own, line by line. Pull up your statement and be able to explain, in one sentence each, why you own every major holding. If you can’t, that’s the first thing to fix — not the market. Separate the headline from the business. Before reacting to a price move, ask whether anything actually changed about the company’s earnings, dividend, or balance sheet — or whether it’s a technical or leverage-driven move like the ones described above. Keep leveraged and single-stock ETFs out of retirement money entirely. These products are built for daily traders, not long-term holders. The Korean ETF collapse is a real-world example of what daily compounding leverage can do to an account in a matter of days. Read past the quarterly headline number. Whether or not the reporting-frequency rules change, judge a company on multi-year cash flow and dividend trends, not a single quarter’s beat or miss. Keep a watchlist of quality companies for when panic creates a discount. When forced selling knocks a good business down for reasons unrelated to its fundamentals, that’s the moment long-term investors get paid for their patience. Revisit your income plan, not just your account balance. A retirement portfolio’s job is to produce cash flow you can live on for 30 to 40 years. Judge a volatile week by whether your income stream held up — not by the number on the login screen. Get a second set of eyes on your portfolio. If you’re not sure whether what you own is built to withstand this kind of volatility, or whether you’re carrying more leverage or concentration risk than you realize, that’s exactly what a portfolio review is for. Frequently Asked Questions Is a leveraged ETF a good way to boost my retirement returns? No. Leveraged ETFs reset and compound daily, so their long-term return can diverge sharply from the underlying stock’s actual performance — including large losses even when the stock has technically risen over time. They’re built for short-term traders, not retirement accounts. Does cooling inflation mean the Fed will cut interest rates soon? Not necessarily. While June’s cooler CPI reading supports the case for rate cuts, the Fed’s new chairman has signaled openness to rethinking the central bank’s approach to its inflation target, adding real uncertainty to the timeline for any rate decisions. Why do stock prices swing so much when a company’s earnings didn’t change? Much of the day-to-day movement in popular stocks comes from technical trading, algorithmic strategies tied to chart levels, and leveraged funds being forced to buy or sell — not from new information about the business itself. That’s manufactured volatility, not real risk. What does the debate over quarterly earnings reports mean for individual investors? If the SEC’s proposal is adopted, some companies may report financial results only twice a year instead of four times. That could reduce short-term pressure on management, but it may also mean investors get less frequent, less detailed information about what they actually own. How do I know if my retirement portfolio is built to handle volatility? Start by confirming you can explain why you own every major holding and that none of your retirement money sits in leveraged or single-stock products. A complimentary portfolio review with a fee-only fiduciary advisor is the fastest way to get an honest, unbiased answer. The Bottom Line Weeks like this one will keep happening. Leverage will keep building up somewhere and unwinding somewhere else. Traders will keep reacting to chart levels instead of cash flow. What won’t change is the difference between a business that’s actually worth less than it was last week and a stock price that simply got caught in someone else’s forced selling. Learn to tell those two things apart, build your income around companies you understand, and a volatile week stops being a threat to your retirement — it starts being background noise, or even opportunity. Schedule a Complimentary Portfolio Review If you’re not sure whether your portfolio is built to take advantage of volatility like we saw this week — instead of getting knocked around by it — we’ll take a look. No charge. No pressure. Just an honest conversation about what you own and whether it’s working for you. Call: 859-233-0400  |  Visit: dupreefinancial.com You Might Also Like Catch up on past episodes of The Tom Dupree Show — our full podcast archive, updated every week. Meet the team at Dupree Financial Group — learn about our fee-only, fiduciary approach and the people behind it. [PLACEHOLDER — link to a prior show notes/blog post on dividend investing fundamentals once a confirmed URL is available] About the Author: Tom Dupree is the founder of Dupree Financial Group and host of The Tom Dupree Show, heard weekly across Central Kentucky radio and podcast. With 47 years in the investment business, starting in municipal bonds in 1978, Tom built DFG’s investment philosophy around one idea: retirement money should generate income you can see, not just a balance you hope holds up. Dupree Financial Group is an independent, fee-only fiduciary Registered Investment Advisor based in Lexington, Kentucky. REGULATORY DISCLAIMER: This material is for informational and educational purposes only and does not constitute investment, legal, or tax advice, nor is it a solicitation to buy or sell any security. All investing involves risk, including the possible loss of principal. Past performance of any market index or security is not indicative of future results. Dupree Financial Group is a fee-only fiduciary and does not receive commissions on any products or securities discussed. 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On the Latest First Principles, Andy Constan explains what the options market is signaling about the AI and semiconductor boom, why he believes earnings expectations have outrun the size of the economy, and where the next risks may emerge. We discuss speculative call buying, single-stock volatility, AI capital spending, consumer dissaving, the Fed put, Kevin Warsh's monetary policy framework, and the looming reset of US tariffs.Topics covered:* Why parabolic moves in AI infrastructure and semiconductor stocks may reflect a speculative bubble* What rising single-stock volatility and unusually low market correlations reveal beneath a calm index* Why out-of-the-money calls became more expensive than puts and what that says about investor positioning* How investors can hedge concentrated stock gains by selling calls and buying protective puts* Why the AI bubble may be hiding in earnings expectations rather than traditional valuation multiples* Andy's economic pie framework and why projected corporate profits may exceed the GDP available to support them* How AI competition, open-source models, job displacement and subsidized token usage affect the return on AI investment* Why capital spending and consumer dissaving are supporting economic growth, and where those drivers could weaken* Whether the Federal Reserve could eventually buy equity ETFs and the inflationary consequences of a permanent Fed put* How lower short-term rates and a smaller Fed balance sheet could rebalance Main Street and Wall Street* Why expiring Section 122 tariffs could create a near-term shift in inflation, growth and the federal deficitTimestamps:00:02 Why the options market is flashing a warning on AI stocks04:02 Extreme stock dispersion beneath a calm market08:49 The signals of a speculative call-buying frenzy13:00 How to hedge a stock position without calling the top18:36 Why earnings expectations may be the real AI bubble23:00 The economic pie cannot support every company's forecasts27:00 AI job displacement and the widening gap between winners and losers31:59 How capital spending and consumer dissaving are sustaining growth36:00 When the return on AI investment starts to matter40:26 Could the Fed buy stocks in the next financial crisis?44:53 How Kevin Warsh might respond when markets and employment collapse48:58 Lower rates, a smaller balance sheet and wealth inequality52:59 The tariff deadline investors may be overlookingLearn more about the Excess Returns podcast network:https://excessreturns.coNo information discussed in this podcast should be construed as investment advice. Securities discussed may be held by the hosts and guests, their firms or their clients.

Mark Thornton looks at the growing strength of democratic socialism inside the Democratic Party and asks whether the United States may be entering another era of major party realignment. Drawing on Rothbard's analysis of long-term ideological change, Mark explains how younger voters, burdened by debt, unaffordable housing, healthcare, and education, are understandably angry—but are turning toward policies that helped create the crisis. Mark also examines how war, inflation, government intervention, and broken political promises are reshaping both major parties.On Side B, Thornton joins the Liberty and Finance podcast to discuss monetary disorder, central bank digital currencies, programmable money, AI-driven surveillance, the war on cash, and the need for education and resistance against the next monetary reset.Additional Resources"Keith Knight's Top Ten Problems with Democratic Socialism" (Human Action Podcast) with Bob Murphy: https://mises.org/MI_186_A"How Democratic Socialists of America Has Developed Into a Movement Party" by David Duhalde: https://mises.org/MI_186_B"The Myth of Democratic Socialism" by Murray Rothbard: https://mises.org/MI_186_C"How Democratic Socialism Created California's Housing Crisis" by Chris Calton: https://mises.org/MI_186_D"Democratic Socialism IS Totalitarianism" by Bill Anderson: https://mises.org/MI_186_E"How to Fix the Economics of Healthcare" by Bob Murphy: https://mises.org/MI_186_F2026 is the Year of Rothbard—Murray's 100th birthday—and we're celebrating by giving away free copies of The Origins of the Federal Reserve through July 31. Grab yours today at https://mises.org/issuesfree20% off listener offer on the insulated Minor Issues tumbler and three of Mark's books: https://mises.org/MinorIssuesTumbler. Use coupon code Thornton.Be sure to follow Minor Issues at https://Mises.org/MinorIssues

This week on Henssler Money Talks, we're cutting through the noise to focus on the financial issues that could have the biggest impact on your decisions.We begin with a look at the latest market headlines—from CPI data and the start of earnings season to Federal Reserve testimony on inflation and uncertain progress in the U.S.–Iran ceasefire.Then we answer a listener's question many homeowners are asking: If you've locked in a 3% mortgage, should you stay put or move anyway? Sometimes the best financial decision isn't the right decision for your lifestyle. We'll also revisit some of the financial advice that has become accepted as fact and discuss how changing markets, interest rates, and modern lifestyles have challenged some of the guidance investors have heard for decades.Finally, we'll examine why Ponzi schemes continue to fool investors, the warning signs to watch for, and practical steps you can take to help avoid becoming a victim.Join hosts Nick Antonucci, CVA, CEPA, Director of Research, and Managing Associates K.C. Smith, CFP®, CEPA, and D.J. Barker, CWS®, and Kelly-Lynne Scalice, a seasoned communicator and host, on Henssler Money Talks as they explore key financial strategies to help investors navigate market uncertainty. Henssler Money Talks July 18, 2026  |  Season 40, Episode 29Timestamps and Chapters4:43: What's Moving the Markets?14:29: Is Now the Wrong Time to Move?25:06: Does Yesterday's Financial Advice Still Work Today?39:42: When an Investment Is Too Good to Be TrueFollow Henssler:  Facebook: https://www.facebook.com/HensslerFinancial/ YouTube:  https://www.youtube.com/c/HensslerFinancial LinkedIn: https://www.linkedin.com/company/henssler-financial/ Instagram: https://www.instagram.com/hensslerfinancial/ TikTok: https://www.tiktok.com/@hensslerfinancial?lang=en X: https://www.x.com/hensslergroup “Henssler Money Talks” is brought to you by Henssler Financial. Sign up for the Money Talks Newsletter: https://www.henssler.com/newsletters/ Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.See important disclosures at Henssler.com

Nesse episódio, Edu Aurrai e Felipe Mesquita falam sobre a controversa nomeação da CEO do XBOX, Asha Sharma, como conselheira do Federal Reserve; o impacto severo dos cortes no desenvolvimento e no moral de The Elder Scrolls VI; o adiamento indefinido do controle arcade FlexStrike da Sony; o bombardeio de críticas no Steam contra Assassin’s Creed Black Flag Resynced; e muito mais. Duração: 93 min Comentados: Os posts da Nintendo sobre as beterias removíveis dos Joy-Con esquerdo e direito O vídeo de aposentadoria e agradecimento de Glen Schofield Vídeos: MARVEL Tōkon: Fighting Souls | Open Beta Trailer Marvel's Wolverine – Ain't No Hero Trailer I PS5 Games Beast of Reincarnation | Visão Geral do Combate Agent 64 – Release Date Trailer Música da Semana: specialist

In 1776 — that same year America declared its independence — Adam Smith published the equally revolutionary The Wealth of Nations, his founding explanation of national economic value. Two hundred and fifty years later, Tim O'Reilly argues in the free-market Economist that Elon Musk and his fellow tech barons are building a monarchical form of capitalism that the proto-democratic Smith would have hated. Musk, O'Reilly reports, believes that SpaceX will become “worth more than the rest of Earth”. The merchants are becoming princes, O'Reilly warns. And the rest of us are becoming peasants. Such is the road to serfdom in our AI age. So who should own the AI in our bewildering age of multi-trillion dollar start-ups like SpaceX, Anthropic and OpenAI? Or as That Was The Week publisher Keith Teare asks in his latest editorial, who should own the “intelligence” of our AI age? Keith uses a bottling plant as a metaphor to describe our dilemma. Since no single entity can own this intelligence — the sum total of our common experience — charging us for it would be like seizing the Earth's water supply and selling it back to us, Coca-Cola style, in plastic bottles. Except that the Hayekian Keith approves of the bottling process. Private companies, rather than governments, he argues, are most suited to doing this. For Keith, this dilemma is also an opportunity to redistribute the ownership of intelligence. He argues for a “Human Wealth Fund” into which every consequential AI company should put a slice of its equity. In the manner of Norway's sovereign wealth fund, this fund would be distributed to all citizens. Rather than Denmark, now we should become like Norway, a tiny homogenous nation with a cultural distaste for Muskian individual wealth. Not very realistic, I fear. On top of that, it's hard to imagine our tech princes collaborating on anything. Musk and Altman aren't on speaking terms while Altman and Amodei, who also loathe each other, are focused on their IPOs. Meanwhile, the Trump administration, which presumably would coordinate this fund, is pitching a $100,000-a-month fast feed of the president's posts. Keith's question, “who owns the intelligence”, is the right one. But the answer won't come from trickle-down funds set-up by our tech princes. Such supposed munificence is about as likely as America becoming Norway. Read the fine print of any “Human Wealth Fund” set up by Sam Altman and Elon Musk. As we should know all too well by now, when a “revolutionary” Silicon Valley gives stuff away, it turns out to be exorbitantly expensive. Free plastic bottles of intelligence, anyone? Five Takeaways •       Intelligence, Not AI. The week's framing shift: the word AI is too small, because AI is merely the tool for harvesting and delivering the thing itself — intelligence, the sum total of our common human experience. Keith argues the renaming is not semantic but political: the moment intelligence sits at the center of the discussion, everyone's opinion has to be shaped by what it actually is, and the idea that any single entity could own it starts to look as bizarre as owning the world's water supply. Andrew's rejoinder: they're still just words — though he concedes intelligence is the better one. •       Bottled Intelligence Is Good — The Question Is Who Benefits. Keith refuses the critic's role: bottling intelligence, like Google's bottling of the world's words into search, is a good thing, because only massively capitalized private companies can innovate at that scale — and between private entities and governments as owners of intelligence, he'll take the companies every time. What's wrong is the distribution of the benefits. Even insiders are complaining: Alex Karp is publicly angry at OpenAI and Anthropic's pricing, while China's Kimi K3 — released the day of recording and, Keith claims, better than Claude Fable — signals that very good models are about to get very cheap. •       Capitalism Adam Smith Would Hate. Tim O'Reilly argues in The Economist that Musk and his type are building a capitalism Smith would despise — founders as monarchs, a point Henry Farrell reinforces with a slide from Peter Thiel's startup class placing the king of a monarchy and the founder of a startup side by side. Keith's response is characteristically unsentimental: Smith would have hated everything since the Federal Reserve, and the founder-king structure — Larry and Sergey's voting shares, Zuckerberg's special rights, corporations bigger than countries with user bases bigger than China — is simply the stage of capitalism we're at. The question is whether there's a path from here to somewhere better. •       The Human Wealth Fund. Keith's path comes in two versions: government-down, a sovereign wealth fund holding AI equity for every citizen; or company-up, the AI companies voluntarily endowing a global fund — and it only takes one to move first, because everyone else would have to react. His proxy is Norway, where every citizen benefits from ownership — not payouts, ownership — in the oil fund; AI revenues, unlike Norwegian oil, could eventually drive most of a doubled global GDP. His critique of the Brynjolfsson economists' much-signed statement is that “must act now” is vacuous: he'd have added a point four naming the actual mechanism. •       The Bet. Andrew's counter-case: Musk and Altman loathe each other, the mob hates AI so thoroughly that no pro-AI politician can survive, the states from Newsom's California to Florida are embracing nothing, New York just enacted the first data center moratorium, and the founders — eyes on their IPOs — are in the pockets of the banks. Hence the wager: 5% of the Teare Wealth Fund says no Human Wealth Fund this year, and none in the twenties. Keith declined the bet, on principle: he's an advocate, and only through advocacy does public opinion change. As Andrew put it: keep fighting the good fight — maybe one of the crazy ideas will stick. About the Guest Keith Teare is the founder and editor of the That Was The Week tech newsletter, and Andrew's weekly co-host. A British-born Silicon Valley entrepreneur and investor, he was a co-founder of TechCrunch and runs the Palo Alto–based venture firm SignalRank. He and Andrew have been arguing about technology — productively — every week for years. References: •       That Was The Week — Keith's newsletter; this week's editorial argues that the word AI is too small, and that the central question of the age is who owns intelligence. •       Tim O'Reilly in The Economist — on Elon Musk building a form of capitalism that Adam Smith would hate, quoting Musk's claim that SpaceX will become worth more than the rest of the Earth. •       Henry Farrell — the big tech critic's companion piece, featuring the slide from Peter Thiel's startup class that plac...

This weekend edition of The KE Report explores the contrasting dynamics within the commodities sector. In the first segment, Brien Lundin, editor of the Gold Newsletter, breaks down the current correction in the precious metals market. In the second segment, energy experts Josef Schachter and Nathan Richie analyze recent volatility in crude oil and natural gas.    Segment 1 & 2 - Brien Lundin, editor of the Gold Newsletter, discusses the recent downward correction and volatility in the precious metals market. Drawing from investor sentiment at the recent Rick Rule conference, Brien highlights that despite near-term headwinds from a strong U.S. dollar and Federal Reserve policies, fundamental macroeconomic drivers like national debt and deficits will ultimately sustain a long-term bull market.  Click here to learn more about the Gold Newsletter. - https://goldnewsletter.com/   Segment 3 & 4 - Introducing Nathan Ritchie, VP of Energy Research and founder Josef Schachter of the Schachter Energy Report to discuss corporate modeling, price forecasting, and current stock opportunities within the oil and gas sectors. The duo highlighted critical growth catalysts, supply and demand metrics, and the strategic balance between shareholder returns and long-term capital reinvestment.  Click here to learn more about The Schachter Energy Report - https://schachterenergyreport.ca/ Click here to follow Josef on Substack at his Eye One Energy Report. - https://josefschachter.substack.com/    If you enjoy the show, be sure to subscribe to our podcast feed (KER Podcast), YouTube channel, and follow us on X for more market commentary and company interviews. Don't forget to subscribe and leave us a review!   For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/   Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.  

Netflix shares are under pressure after its quarterly earnings forecast disappointed investors, and chip stocks are down amid concern about AI investment. JPMorgan Asset Management global market strategist Hugh Gimber explains why the pressure on chip and memory stocks might continue until hyperscaler companies report their own earnings in a few weeks. In Shanghai, CNBC's Eunice Yoon reports on President Xi's latest remarks pitching China to the global community as a leading partner in AI. President Trump has delivered his own remarks on China stateside, and LeBron James isn't ready to announce his next move in the NBA. Plus, CNBC's Diana Olick and Steve Liesman break down the latest housing data, what it means for the Federal Reserve, and what it tells Americans about affordability in this country.    Eunice Yoon - 7:59 Hugh Gimber - 17:53 Diana Olick & Steve Liesman 25:13   In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The financial health of the American consumer is top of mind these days, and no one better to discuss it with than Emmaline Aliff of Equifax and our own consumer maven, Mike Brisson, join the podcast to dig into the evidence. While the consumer sector as a whole remains resilient, the story differs dramatically across the thrivers, the strivers, and the survivors. We also unpack a week full of inflation data with Matt Colyar, who helps us sort through the numbers and their implications for the economic outlook. Guest: Emmaline Aliff, Advisory Leader, Equifax Hosts: Mark Zandi – Chief Economist, Moody's Analytics, Cris deRitis – Deputy Chief Economist, Moody's Analytics, and Marisa DiNatale – Senior Director - Head of Global Forecasting, Moody's Analytics Follow Mark Zandi on 'X' and BlueSky @MarkZandi, Cris deRitis on LinkedIn, and Marisa DiNatale on LinkedIn Questions or Comments, please email us at InsideEconomics@moodys.com. We would love to hear from you. To stay informed and follow the insights of Moody's Analytics economists, visit Economic View. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This week on Breaking Battlegrounds, hosts Chuck Warren and Sam Stone examine election security, Colorado's dramatic political transformation, one of true crime's most infamous hot-mic moments, the battle over American history at the Smithsonian, political upheaval in Latin America, and the Federal Reserve's fight against inflation. Ethan Barton, an editor at The Washington Free Beacon and former editor in chief of The Daily Caller News Foundation, joins Chuck and Sam to discuss President Donald Trump's recent election-security speech. Barton explains why concerns about foreign interference from countries such as China and Russia deserve serious attention, while arguing that combining separate election issues can sometimes weaken the broader message. The conversation then turns to Colorado's transformation from a competitive purple state into a reliably Democratic stronghold. Barton breaks down the role of strategic Democratic investment, liberal population centers, weak Republican infrastructure, limited donor support, taxes, business losses, and changing economic conditions. They also examine rising anti-Israel sentiment within portions of the Democratic Party and the closely watched race in Colorado's 8th Congressional District, where Republican incumbent Gabe Evans faces Democrat Manny Rutinel in one of the country's most competitive congressional battlegrounds. Follow Ethan Barton on X: @ethanrbarton Read his reporting at FreeBeacon.com Next, B's Crime Corner revisits the disturbing story of New York real-estate heir Robert Durst. Durst was long suspected in the 1982 disappearance of his wife, Kathie McCormack Durst, and the 2000 murder of his close friend Susan Berman. His secrets finally began to unravel during HBO's The Jinx when he entered a bathroom after an interview without realizing that his microphone was still recording. While speaking to himself, Durst uttered the chilling words that would become one of the most infamous moments in true-crime history. The recording helped renew attention on the case, and Durst was eventually convicted of Berman's murder in 2021. B's Crime Corner returns every Friday with a new story of murder, mystery, and mayhem. Mike Gonzalez, the Angeles T. Arredondo E Pluribus Unum Senior Fellow at The Heritage Foundation, joins the show to discuss a 162-page White House Domestic Policy Council report examining exhibits and educational materials at the Smithsonian's National Museum of American History. Gonzalez argues that the museum has increasingly presented American history through ideological and activist frameworks instead of providing a balanced account of the nation's achievements and failures. He also explains the Smithsonian's enormous educational reach, its dependence on taxpayer funding, and why the institution's portrayal of American history matters as the country approaches its 250th anniversary. Follow Mike Gonzalez on X: @Gundisalvus Learn more at Heritage.org Carrie Filipetti, executive director of the Vandenberg Coalition and a former deputy assistant secretary of state for Cuba and Venezuela, joins Chuck and Sam to discuss the devastating earthquake in Venezuela and Colombia's recent presidential election. Filipetti examines the enormous loss of life and infrastructure damage in Venezuela, the government's delayed response, and the difficulties of delivering assistance while holding the country's ruling regime accountable. She also explains Colombia's rightward political shift following the election of Abelardo De La Espriella and what the result could mean for security, energy development, regional stability, and the future of relations between the United States and Colombia. Follow the Vandenberg Coalition on X: @VandenbergCo Connect with Carrie Filipetti on LinkedIn Learn more at VandenbergCoalition.org Finally, Gary Gygi, president of Gygi Capital Management, returns to discuss Federal Reserve Chair Kevin Warsh's approach to inflation and the economic outlook. Gygi explains why he views Warsh's supply-side focus as a potentially positive development for economic growth. He also examines the current market environment and identifies healthcare and materials as sectors investors may want to watch as inflation, interest rates, and federal monetary policy continue to shape the economy. Follow Gary Gygi on X: @GaryGygi Learn more at GygiCapital.com Listen now to Breaking Battlegrounds, the radio show covering Arizona politics, campus unrest, election integrity, national campaigns, and the true crime cases everyone is talking about. Catch Breaking Battlegrounds live on 960 AM in Phoenix every Saturday at 9:00 AM, with full episodes and exclusive podcast-only segments dropping every Friday wherever you get your podcasts or watch on Youtube. Stay connected with Breaking Battlegrounds: • Substack: https://substack.com/@breakingbattlegrounds • Website: https://breakingbattlegrounds.vote • News: https://breakingbattlegrounds.news • X: https://x.com/breaking_battle • Instagram: @breakingbattlegrounds • Facebook: Breaking Battlegrounds If you enjoy the show, please leave us a 5-star review and share it with a friend. Your support helps keep the podcast growing. Breaking Battlegrounds is one of the top 2.5% most popular shows out of 3,779,399 podcasts globally. We interview policymakers, elected officials, and nationally and world-recognized reporters about the opportunities and hurdles the United States faces.

Brian Jacobsen, chief economic strategist for Annex Wealth Management, says there are signs of a broad-based economic expansion, which gives him a "fairly constructive outlook for the economy over the next six to 12 months," though he is concerned about policy shocks that could unsettle things. Jacobsen warns that investors should not be too excited about situations where the general feeling is "It could have been worse," such as recent inflation numbers or the impact of the war in Iran, but they should take some positivity from the Federal Reserve and its new chairman Kevin Warsh, who Jacobsen says doesn't really want "to pump the brakes on this economy" any time soon. Scott Brown, chief strategist at Brown Technical Insights, says that the stock market just lived through the best second quarter ever for a midterm election year, which is a bullish sign for the rest of the year and getting through the standard troubles that come in midterm years. Brown says there is upside potential "but you want to be careful about where you are looking for it," warning that semiconductor names are correcting and that there is more downside risk there. Instead, he is looking at industrials, health care and financials as areas with positive potential. In The NAVigator, Ray DiBernardo, portfolio manager for the XAI Madison Equity Premium Income fund, says the stock market's high valuation levels have increased downside risk, making it that nervous investors should consider covered-call strategies, which trade some of the market's potential upside for downside protection. For nervous investors, DiBernardo says the options strategy acts like portfolio insurance, but that it is particularly attractive in the closed-end fund wrapper where covered-call funds generally are at a discount with the market near highs; that discount helps to make up for the upside potential investors surrender when choosing the strategy. In the Market Call, Brian Frank, manager of the Frank Value Fund, talks about absolute-value investing, noting that "nothing in the tech sector really is cheap" on an absolute basis, which has him looking more towards consumer staples and other areas that he says are trading at a discount. he also discusses the important of not just buying stocks on the cheap but having a potential catalyst to unlock that value.

Mortgage rates, inflation data, and Federal Reserve rate expectations all came together this week. Consumer inflation (CPI) and producer inflation (PPI) both came in negative, yet markets are still pricing in a possible Fed rate hike — Dan breaks down why the numbers and the Fed's next move don't seem to line up, what's coming next week before the Fed meeting, how oil prices tie into mortgage rates, and why he thinks rates could test their lows again soon.00:00 Intro: Why the Fed hike talk doesn't add up 01:35 This week's inflation and jobs data 03:45 What's coming next week before the Fed meets 05:45 Fed rate hike odds and closing outlook

META's stock surged last week, but investors shouldn't ignore the risks. Meta shares climbed last week as Wall Street became increasingly optimistic about the company's AI strategy. The stock was up about15% for the week and erased the year-to-date losses. Investors are betting that Meta's enormous spending on AI infrastructure, custom chips, top engineering talent, and next-generation models will lead to faster revenue growth, stronger advertising tools, and new revenue streams over the next several years. The market clearly believes Meta has positioned itself as one of the leaders in the AI race. But while investors were celebrating, Europe reminded everyone that even great companies face meaningful risks. The European Commission announced preliminary findings that Facebook and Instagram may violate the Digital Services Act because of what regulators call "addictive design" features, including infinite scrolling, autoplay videos, and recommendation algorithms that encourage users to stay engaged for longer periods. If the findings become final and Meta does not make sufficient changes, the company could face fines of up to 6% of its global annual revenue, along with potential changes to how its platforms operate across Europe. Meta has disputed the findings and says it has already implemented significant protections for younger users. This could amount to a fine of around $12 B, but the bigger problem I see is a potential hit to ad revenue if they must change their business practices. Europe is an important part of their business considering it accounts for about 23% of overall company sales. We also can't forget the legal liability Meta is facing in the United States, which could ultimately total as much as $1.4 trillion. That number may sound shocking, but it stems from multiple lawsuits brought by numerous states and plaintiffs. The first major cases are scheduled to go to trial in August, with California, Colorado, New Jersey, and Kentucky leading the way. The lawsuits allege deceptive business practices, and potential penalties range from $2,000 to $20,000 per violation. Given Meta's massive user base, those fines could accumulate rapidly if the courts rule against the company. Beyond civil penalties, the states are also seeking disgorgement of profits, which would require Meta to surrender profits earned from the alleged misconduct during the relevant period. If Meta performs poorly in these initial cases, another 25 states have similar lawsuits waiting in the wings, significantly increasing the company's legal exposure. There are already signs that these legal challenges carry real financial risk. New Mexico recently won a $375 million judgment against Meta, and a separate federal trial is scheduled to begin early next year. The AI opportunity is also far from guaranteed. Today, investors are rewarding companies that appear to be winning the AI race, but the competitive landscape is becoming more crowded every quarter. OpenAI, Anthropic, Google, Microsoft, xAI, and others are investing billions of dollars to develop better models and attract developers. Meta has responded aggressively by spending heavily on infrastructure and recruiting top AI researchers, but there is no guarantee those investments will generate returns that justify the enormous capital being deployed. A big problem is today's leader in AI can quickly become tomorrow's follower if innovation slows. I also believe that all of these companies will not succeed in this space, which will mean enormous amounts of wasted capital for the losers. Wall Street seemed to be focused almost entirely on Meta's AI upside last week, and that optimism may continue to drive the stock higher. But investors should remember that valuation is increasingly dependent on AI execution while regulatory scrutiny remains elevated. If AI spending fails to produce the expected returns or regulators force changes that weaken engagement, today's bullish narrative could change quickly. Meta remains one of the strongest companies in technology, but even great businesses are not risk-free. As investors, it's important to weigh both the opportunities and the risks, not just the headlines driving the stock higher today.   The spring home sales season disappointed in June The spring home-selling season ended on a disappointing note. Through May, existing home sales had been showing signs of improvement, and many real estate professionals were becoming more optimistic about the housing market. However, June's data told a different story. The conflict involving Iran contributed to higher inflation expectations and pushed mortgage rates higher, weighing on buyer demand. Existing home sales fell 2.4% in June to a seasonally adjusted annual rate of 4.09 million homes, well below economists' expectations for a 0.7% increase. Despite the monthly decline, the longer-term trend remains somewhat more encouraging. Existing home sales were still up 2.8% compared with a year ago, suggesting that underlying demand has not disappeared. There continues to be pent-up demand from prospective buyers, but many seem unwilling to make such a large financial commitment while borrowing costs remain elevated, even as housing inventory continues to improve According to Freddie Mac, the average 30-year fixed mortgage rate was 6.43% last week. If mortgage rates remain near these levels, many prospective homebuyers may continue to delay their purchases, preventing a stronger recovery in the housing market.   Another Hidden Cost of AI: Steel Most people know that the AI buildout has driven up demand for advanced computer chips, contributing to higher prices for smartphones, laptops, and other electronics. They also know that AI data centers require enormous amounts of electricity, putting upward pressure on utility rates as more power is diverted to support AI infrastructure. But there's another cost that receives far less attention: steel. Steel is a critical component of every data center. Industry estimates suggest that new data centers will consume roughly 1 million tons of steel annually, representing approximately $1.4 billion in demand. Steel is used throughout these facilities from the structural columns, roof joists, and roof decking to the server racks that house thousands of AI processors. This growing demand has ripple effects throughout the economy. Higher steel demand can contribute to increased costs for automobiles, household appliances, commercial buildings, bridges, and countless other products that rely on steel. The impact doesn't stop there. Steel production is one of the most energy-intensive manufacturing processes. A single electric furnace steel mill can consume anywhere from around 50 to 200 megawatts of electricity per day, competing for the same power resources as AI data centers. As both industries demand more electricity, utilities face increasing pressure to expand generating capacity. Ultimately, who pays for that increased demand? The answer is often the consumer. Higher electricity demand can translate into higher utility bills for households and businesses as utilities invest in additional generation and transmission infrastructure. In regions where electricity supply is already tight, the competition for power is becoming even more apparent. For example, PJM Interconnection, the nation's largest regional transmission organization, plans to begin conducting supplemental power auctions with electricity generators in September to help secure additional supply. Auctions reward the highest bidders, meaning electricity increasingly flows to those willing to pay the most. As large industrial users and AI data centers bid aggressively for power, consumers could face higher electricity prices if supply fails to keep pace with demand. AI will likely bring enormous productivity gains and economic benefits over the long run. However, it is also creating secondary inflationary pressures that extend well beyond semiconductors. Steel, electricity, construction materials, and other critical inputs are all experiencing increased demand, and those costs eventually work their way through the economy. As the AI revolution accelerates, these indirect costs are likely to become an increasingly important part of the inflation story.   Inflation Is Cooling... But Don't Pop the Champagne Yet The latest CPI report was another encouraging sign that inflation is moving in the right direction. Headline CPI declined 0.4% in June, marking the largest monthly drop since 2020, while the annual inflation rate slowed to 3.5% from 4.2% in May. Core inflation, which excludes food and energy, was flat on the month and eased to 2.6% year over year. Much of the improvement was driven by a sharp decline in gasoline and broader energy prices. While this is welcome news, I'd caution against declaring victory over inflation. One of the biggest challenges with inflation is that it doesn't always show up in the headline numbers immediately. It often works its way through the economy in waves, especially when it comes to energy. A good example is my own pool service. My pool guy recently raised his prices, likely for two reasons: higher chemical costs and the increased cost of driving from house to house. Those are both directly tied to energy markets. Even if gasoline prices temporarily fall and help bring down CPI for a month, businesses often adjust prices more slowly because they have to account for prior cost increases and the uncertainty of where energy prices are headed next. That's why I think investors should remain cautious. The recent improvement in inflation was helped significantly by lower oil and gasoline prices following a temporary easing in geopolitical tensions. But with conflict in the Middle East once again threatening energy supplies and oil prices recently moving higher, that relief could prove short-lived. The trend is encouraging, and the Federal Reserve will certainly welcome softer inflation data. But as long as energy prices remain vulnerable to geopolitical events, inflation is likely to remain unpredictable. Businesses from manufacturers to small local service providers will likely continue to pass along higher input costs whenever they have to. One softer CPI report is good news. But sustained price stability will likely require a concrete outcome in the Middle East and more stability in the energy market. While again we welcome the positive news in this CPI report, the conversation around in inflation and what to do with interest rates will continue with the ongoing developments in Iran.   Higher Gas Prices Aren't Stopping the American Consumer If you were looking for evidence that higher gas prices are slowing down the American consumer, the latest retail sales report doesn't provide much support. The headline number was relatively modest, with retail and food services sales increasing 0.2% from May. But the year-over-year numbers tell a much stronger story. Total retail and food services sales were up 6.7% from June of last year. Even if you exclude gas stations, which saw an increase of 19.8%, retail sales still grew at an impressive rate of 5.7%. More importantly, when you look across the major spending categories, not a single major category declined year over year. Furniture and home furnishing stores was the only major category that was flat compared to last year, but again it wasn't negative! Some of the strongest performers included non-store retailers, which primarily includes online shopping, increased 14.2%. Electronics and appliance stores were up 8.6%, while clothing and clothing accessories increased by 4.8%. Building materials and garden equipment stores were up 3.5% One of the more interesting data points is that Americans are still spending money at restaurants and bars. Food services and drinking places were up 3.8% year over year, showing that consumers continue to spend on experiences and dining out despite higher costs and concerns about the economy. The big takeaway is that the consumer remains remarkably resilient. Yes, higher gas prices can eventually put pressure on household budgets. But so far, consumers have continued to spend across virtually every major category. The year-over-year numbers show broad-based growth, not just spending concentrated in one or two areas. The consumer may be under pressure, but they are clearly not out of the game yet.   Financial Planning: What's Next for Social Security The Social Security Trustees' most recent solvency report highlights the need for Congress to address the program's long-term funding shortfall. Under current projections, the retirement trust fund is expected to be depleted in 2032, at which point ongoing payroll tax revenue would be sufficient to pay only about 78% of scheduled benefits unless legislative changes are made. Importantly, this does not mean Social Security will become insolvent or stop paying benefits, it means benefits would be reduced if Congress takes no action. While no specific legislation has emerged, many policy experts expect Congress to adopt a combination of gradual reforms rather than a single sweeping change. Potential solutions include increasing the Social Security payroll tax rate from 6.2%, raising or eliminating the taxable wage cap from $184,500, increasing the full retirement age from 67 for younger workers, and slowing future benefit growth for higher-income retirees. Historically, when Congress has made changes to Social Security, it has phased them in over many years, and most proposals would leave current retirees and those approaching retirement largely unaffected. As a result, individuals already receiving benefits or those within roughly the next decade of retirement are generally expected to experience little or no change, with the majority of reforms likely to apply to younger generations who have more time to prepare.   Companies Discussed: Nike, Inc. (Ticker: NKE)  

Yesterday's inflation report delivered a surprise. Headline prices fell sharply, but the important story was beneath the headline. This was not a gasoline story. Core inflation was unchanged for the month, and several categories that have kept inflation stubbornly high moved lower. For investors, that distinction matters because it changes the conversation around interest rates today.The new report is the Consumer Price Index, not the Personal Consumption Expenditures index that the Federal Reserve prefers. The PCE report still showed elevated inflation. But the CPI components give us a preview of where price pressure may be heading. Core CPI came in flat, compared with expectations for an increase. Core goods declined. Medical services, transportation services, used vehicles, and automobile insurance showed softness. Those are signs of broader disinflation, not merely cheaper oil.------------**Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)   iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   Website: [www.victorjm.com](http://www.victorjm.com)   LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)   YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)   Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)   Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)  **Y Street Capital:** Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)   Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)   Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)  

You won't believe why mortgage rates are going back up. It's not because of the war, it's not because of gas prices, and it's not because of the Federal Reserve. Something nobody is talking about is playing a much bigger role in mortgage rates than most Americans think. It's making big corporations richer while the average American continues to struggle to buy a home. What is the hidden factor nobody's talking about? Today, Dave is getting into it, unpacking not only the real reason why mortgage rates are heading back toward 7%, but the loaded week of housing market news. First, we'll touch on mortgage rates and the two reasons why they're shooting back up even after a surprisingly positive inflation report. Then, the historic housing bill that successfully became law and what it really says in the fine print (is Wall Street actually banned?). Finally, why rising student loan delinquencies could mean more renter demand and fewer home sales for millions of Americans. In This Episode We Cover The real reason why mortgage rates are going up even if inflation readings are falling What's actually in the historic 21st Century ROAD to Housing Act? Wall Street's “ban” on buying houses and what the fine print says Cracks forming in student loan repayments and how it could trickle down to housing (more renter demand?) And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets Sign Up for the Investor Brief Newsletter Find Investor-Friendly Lenders Dave's BiggerPockets Profile Hear Our Full Episode on the Historic Housing Bill Grab Dave's Book, Start with Strategy Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and https://www.biggerpockets.com/blog/on-the-market-443.  Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

We are excited to share this Special Edition featuring Senator Alan Armstrong (R-OK). Senator Armstrong, alongside Senators Rick Scott (R-FL), Cynthia Lummis (R-WY), Katie Britt (R-AL), and James Lankford (R-OK), recently introduced the American Energy and Mineral Infrastructure Act. The legislation seeks to modernize the federal permitting process for energy and mineral infrastructure projects while preserving strong environmental protections. We were delighted to host Senator Armstrong to discuss his experience in Washington, the motivation behind the legislation, and what it could mean for the future of U.S. infrastructure development. In our conversation, Senator Armstrong discusses his transition from leading Williams Companies to serving in the U.S. Senate and explains why permitting reform has become one of the country's most pressing economic and national security priorities. He walks us through the American Energy and Mineral Infrastructure Act, outlining how the legislation seeks to streamline federal permitting, reduce unnecessary litigation, provide greater regulatory certainty for project developers, and create a more predictable process for building critical infrastructure. We explore how permitting delays increase costs for consumers, discourage private investment, and threaten America's economic and technological competitiveness as electricity demand accelerates alongside AI and data center growth. Longer term, it's not an overstatement to say failing to address these issues will also threaten the country's national security. Senator Armstrong shares his perspective on building bipartisan support for permitting reform, maintaining an energy source-neutral approach, and ensuring that pipelines, transmission lines, nuclear facilities, and other critical infrastructure can be built in a more timely and predictable manner. We touch on the growing importance of grid reliability, the intersection of permitting reform and national security, and why he believes the current Congress has a unique opportunity to address these long-standing challenges before rising power demand and infrastructure constraints become even more acute. The discussion was especially timely as the push is on to get permitting reform done during this Congress. The Senator emphasized, “Who in the world would oppose this? We're going to be asking that question exactly on the floor tomorrow as we're starting to put pressure on moving this bill forward.” We greatly appreciate Senator Armstrong for joining us and for his leadership on this important issue. To start the show, Mike Bradley highlighted key market developments, noting that favorable inflation data has supported markets this week. Cooler-than-expected CPI and PPI reports released on Tuesday and Wednesday, respectively, pushed the 10-year Treasury yield down to roughly 4.55% and reduced near-term pressure on the Federal Reserve to increase interest rates. In commodities, Brent and WTI crude oil prices appeared to have temporarily stabilized at approximately $85/bbl and $80/bbl, respectively, despite President Trump's escalation of military strikes against Iran. On the equity front, the S&P 500 was up about 0.25% on the day, supported by the favorable PPI report. Telecom was the top-performing sector, gaining roughly 2.5% to 3.0%, led by Google, following reports that Berkshire Hathaway had taken a large position in the stock. He concluded by highlighting the significant value creation achieved during Alan Armstrong's tenure as CEO of Williams Companies. Veriten Senior Advisor Bill Flores also joined the discussion, offering valuable perspective on the legislative process and the dynamics in Washington.

In his first testimony as the new chairman of the Federal Reserve, Kevin Warsh shared his views on a range of topics from artificial intelligence to immigration. NPR's Scott Horsley reports.Support NPR and hear every episode of Trump's Terms sponsor-free with NPR+. Sign up at plus.npr.org.See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.NPR Privacy Policy

Wall Street has just posted one of its strongest quarters in history.The world's biggest banks delivered record profits as trading desks, investment banking and wealth management all fired at the same time. But with Jamie Dimon warning that conditions are "nearly as good as it gets", is this a peak or just the beginning of an even bigger cycle?In this episode, Anthony Cheung and Piers Curran break down what drove the blockbuster earnings from Goldman Sachs, J.P. Morgan, Morgan Stanley and Citi, why AI has become the biggest force behind investment banking, trading and capital markets, and whether today's record profits could be borrowing growth from tomorrow.They also analyse June's US inflation report, why the biggest monthly decline in CPI since 2020 isn't quite as straightforward as the headlines suggest, and what it means for Federal Reserve interest rate expectations.Finally, they revisit the biggest IPO of the year. After surging in its first few days of trading, why has SpaceX fallen back to its IPO price? From index fund buying and green shoe options to lock-up periods and insider selling, they explain the market mechanics that most investors never hear about.If you want to better understand what's driving global markets and how professionals think about the biggest financial stories each week, this episode is for you.(00:00) Wall Street's Record Quarter(02:55) Why Banks Made So Much Money(10:15) Morgan Stanley's Hidden Winner(15:24) Is This As Good As It Gets?(19:00) AI's $1 Trillion Spending Boom(25:14) US Inflation Cools(31:14) Why SpaceX Is Falling(35:10) Green Shoe Options Explained(38:36) SpaceX Lock-Up Risks(42:16) One IPO, Every Bank Wins

Sam Stovall, chief investment strategist at CFRA Research says investors should "be prepared for some additional volatility" at least until and through the midterm elections, but he thinks it represents "a reason to buy, not to bail." Stovall says that he's looking for solid double-digit earnings growth into 2027, and he makes the case that the technology sector has been driving the market higher but remains trading at a relative discount in price/earnings ratio. Traditional summer market doldrums, therefore, set up chances to profit from a rally he expects once the voting is done. Further, he points to the market's expanded breadth which, when combined with a positive first half of the year, historically is a sign that the market will rise over the rest of the year. Stovall's big worry for the economy and market involves the Federal Reserve and the potential for higher rates to lead to stagflation and other condition changes, but he's not expecting the Fed to move rates this year, so he thinks those worries are further into the future. Todd Rosenbluth, head of research at VettaFi, has focused a lot of his recent ETF of the Week picks on actively managed funds, but today he goes with a hot fund based on a technology-heavy index as something that would work well for investors who expect the market's uptrend to continue.  In the Market Call, Manny Weintraub, principal at Cannell & Spears, talks about how he finds "super great stocks that are not going to kill you" and whether stocks in the hottest sectors are being set up to murder investors when market conditions and sentiments change.  

The Federal Reserve System is the central bank of the United States. Its mandate is to promote the effective operation of the U.S. economy. Sometimes such high-flying agencies or policy influencing organizations can feel detached from the day-to-day experiences that make up the High Country economy. However, the Federal Reserve uses a network of economists and data analysts to ensure the voice of Main Street is being heard and helping inform Federal policy and direction.On this week's Mind Your Business, we visit with Bethany Greene, Regional Economist for the Charllotte Branch of the Federal Reserve Bank of Richmond. Bethany monitors regional economic trends through data analysis and engagements with the business community in North and South Carolina. We'll discuss the role of the Fed, and how they extract data from locations across the region in a manner that ultimately shows up in policy shaping discussions. We'll also talk about the recent transition of Fed Chair Kevin Warsh, what Western North Carolina can expect, economically speaking, as we move further away from the physical impacts of Hurricane Helene, and what's on the horizon in terms of economy shaping influences.Mind Your Business is written and produced weekly by the Boone Area Chamber of Commerce. This podcast is made possible thanks to the sponsorship support of Appalachian Commercial Real Estate.Catch the show each Thursday afternoon at 5PM on WATA (1450AM & 96.5FM) in Boone.Support the show

The Federal Reserve may not cut interest rates in 2026 after all—and that could have major consequences for taxpayers, homeowners, businesses and anyone carrying debt. In this episode of Everyday Economics, Center Square Publisher Chris Krug sits down with economist Dr. Orfe Divungi to explain why inflation remains stubborn, how tariffs, housing costs and record federal deficits continue to pressure the economy, and why the Federal Reserve may have little choice but to keep borrowing costs elevated. Topics include: Why inflation may stay above the Fed's 2% target How tariffs continue pushing prices higher Why housing costs are becoming an inflation problem again The impact of federal deficits on interest rates Mortgage rates, credit card debt and business loans What this means for taxpayers and the U.S. economy If federal borrowing continues to rise, taxpayers could face higher financing costs throughout the economy, making homes, vehicles and everyday purchases more expensive while increasing the long-term burden of servicing the national debt. Subscribe for daily reporting on government spending, fiscal policy, state government, taxes and the economic issues affecting Americans.   #FederalReserve #InterestRates #Inflation #Economy #Taxpayer #FederalDebt #GovernmentSpending #MortgageRates #Finance #Economics #FederalDeficit #InflationNews #BusinessNews #TheStates #CenterSquare   Support this podcast: https://secure.anedot.com/franklin-news-foundation/ce052532-b1e4-41c4-945c-d7ce2f52c38a?source_code=xxxxxx Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Is the U.S. stock market more overvalued than at any point in the last 150 years—except for 1927? Economist Mark Thornton, Senior Fellow at the Mises Institute, believes today's extreme valuations, rising leverage, and mounting fiscal pressures are creating the conditions for a major market reckoning. In this conversation with Maggie Lake, Thornton explains why he sees elevated risks for equities, why he believes gold and silver may have already found a bottom despite recent weakness, and how shifting interest rate expectations, a weakening dollar, and growing government deficits could trigger a powerful rotation into precious metals. He also shares his controversial view on the Federal Reserve's true priorities and what investors should watch as markets navigate an increasingly uncertain macro environment.

In this episode, we discuss how Chair Kevin Warsh is reshaping the Federal Reserve's playbook. From shorter statements and less forward guidance to a comprehensive review of the Fed's key functions, we examine what may change and what it could mean for markets. To read this week's Sight|Lines, click here. The views expressed in this podcast may not necessarily reflect the views of Stifel Financial Corp. or its affiliates (collectively, Stifel). This communication is provided for information purposes only. Past performance does not guarantee future results. Investing involves risk, including the possible loss of principal. Asset allocation and diversification do not ensure a profit or protect against loss. © Stifel, Nicolaus & Company, Incorporated | Member SIPC & NYSE | www.stifel.com See omnystudio.com/listener for privacy information.

Has Bitcoin already found its bottom? Former Coinbase Head of Institutional Research David Duong joins the Milk Road Show to explain why the macro outlook for Bitcoin is becoming increasingly bullish. We break down why cooling inflation, the Federal Reserve's next moves, improving ETF flows, and shifting market sentiment could create a strong setup for Bitcoin in the months ahead. David also shares his thoughts on the AI trade, Robinhood's new blockchain, the Clarity Act, institutional adoption, and why he believes investors are focusing on the wrong headlines.~~~~~⁠⁠⁠⁠⁠

Mortgage rates have reached a one-year high, adding to the financial pressure facing prospective homebuyers. The Federal Reserve's upcoming interest rate decision could influence whether borrowing costs rise or fall in the weeks ahead. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The "golden economy" is a myth, and the American middle class is footing the bill. Legendary investor Peter Schiff joins me to expose the crony capitalism, out-of-control inflation, and massive government spending crippling our free market. From skyrocketing national debt and the Federal Reserve's endless money-printing to the dangerous AI tech bubble, political insider trading, ill-conceived tariffs, and dumb tax bills, nothing about our current system operates as a true free market. Schiff breaks down why tariffs and debt act as a hidden tax on consumers, how the political elite — including both Democrats and Republicans — are getting incredibly wealthy off government intervention, and why the "inflation tax" is here to stay unless we see massive cuts to government spending. Plus, Peter Schiff reveals the shocking story of how he was allegedly shadow-banned by Fox for simply telling the truth about the economy because Trump was upset.  Learn more about your ad choices. Visit megaphone.fm/adchoices

June CPI data just delivered the biggest monthly drop since 2020, signaling that aggressive Federal Reserve interest rate hikes may be permanently off the table. With inflation cooling down due to retracting energy prices, the stock market is showing heavy resilience despite lingering geopolitical tensions and an ongoing affordability crisis across the United States.We also dive into the exploding space economy with our long-term bullish outlook on SpaceX stock following recent pullbacks, alongside the rising risks in private credit defaults. Finally, we cover upcoming legislative catalysts for the crypto market, real-world asset tokenization, and the crucial difference between a surging stock market and everyday economic realities.KEY TOPICS DISCUSSEDJune CPI inflation data and energy price impactsSpaceX stock outlook and private space sector growthRising private credit defaults and high-yield debt risksUpcoming Q2 corporate earnings from major financial banksThe massive disconnect between stock market highs and everyday affordabilityNew cryptocurrency legislation and real-world asset tokenizationThe economic impact of AI data center capital expendituresKEY TAKEAWAYSThe economy is not the stock market. You can have a highly profitable stock market while everyday consumers face severe affordability crunches in housing, food, and energy.Cooling inflation and dropping CPI numbers are currently heavily tied to lower oil prices, removing the immediate threat of Federal Reserve rate hikes.Record highs in private credit defaults signal that investors should be cautious of chasing high-yield debt without proper collateral and structuring.SpaceX represents a massive long-term opportunity as it consolidates capital and innovates in global satellite internet, robotics, and aerospace.Building long-term wealth requires consistent, disciplined investing—even an automated $350 a month can compound into significant capital over time.CONNECT & TAKE ACTIONImagos Income Fund: Text "INCOME" or "DEALS" to 844-447-1555 to learn more about Matty A's private debt fund targeting 10% fixed returns paid out monthly.

The stock market is showing interesting signals and today we discuss the latest market developments. Renewed geopolitical tensions are driving investors back into large technology and AI stocks while other sectors lag. Patience and caution remain important as economic signals continue to conflict. We cover housing market weakness, consumer spending, wage growth, market valuations, and the Federal Reserve's outlook. We also explored how commodity prices impact businesses and stock performance, shared expectations for future energy prices, and why looking beneath the major indexes is essential to understanding the true health of the market.  We discuss...  The ongoing rotation between market sectors and why market leadership continues to remain narrow. Why looking beneath the major indexes provides a better picture of overall market health than index performance alone. How commodity prices, particularly cocoa, can significantly impact corporate profits and stock prices. Why cocoa prices have pressured companies like Hershey and what improving crop conditions could mean going forward. We reviewed current oil and gasoline price trends and why pump prices have remained elevated despite falling crude oil prices. Our outlook for oil prices and why increased global production could push prices lower in the coming months. The housing market, including rising days on market and slowing home price growth. Consumer spending, wage growth, and the mixed economic signals creating uncertainty for investors. How AI investment is affecting technology companies and whether those massive investments will ultimately generate meaningful profits. Why many consumers are becoming fatigued with traditional news and increasingly turning to podcasts and online communities for information. Why maintaining patience, caution, and adequate liquidity remains important as markets face elevated valuations and political uncertainty heading into the midterm elections.   Today's Panelists: Kirk Chisholm | Innovative Wealth Douglas Heagren | Mergent College Advisors Follow on Facebook: https://www.facebook.com/moneytreepodcast Follow LinkedIn: https://www.linkedin.com/showcase/money-tree-investing-podcast Follow on Twitter/X: https://x.com/MTIPodcast For more information, visit the full show notes at https://moneytreepodcast.com/stock-market-is-showing-interesting-signals-833 

British teenagers face a midnight curfew on social media platforms, US inflation dipped in June and Wall Street's top banks brought in $19.3bn in revenue from equities trading. Plus European regulators are considering loosening bank regulations. Mentioned in this podcast:UK teenagers face midnight curfew on using social media platformsKevin Warsh vows Federal Reserve will be ‘resolute' in inflation fightUS inflation fell more than expected to 3.5% in June as petrol prices tumbledWall Street banks smash records on stock trading boomBrussels to propose easing banks' capital requirementsCredit: US House Committee on Financial ServicesWant to get in touch? Email us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips 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.

Are we living in an economic hell disguised as capitalism? Author Charles Hugh Smith joins me to expose the "ultra-processed" economy and how government monopolies have completely destroyed the free market.  We are two generations deep into a system of regulatory capture, endless spending, and Federal Reserve market distortions. The result? "Venture socialism" and privatized totalitarianism where massive corporations no longer must compete for your business, driving up costs while quality of life regresses. Smith dives deep into how government monopolies, the decay of the moral order required for capitalism to function, and a corrupt political class have created a centralized economy that is now privatized totalitarianism.  Learn more about your ad choices. Visit megaphone.fm/adchoices

This morning, the Bureau of Labor Statistics released fresh consumer price index numbers, which showed that consumer prices actually fell 0.4% month over month in June. The year-over-year inflation rate, meanwhile, clocked in at 3.5% — down from 4.2% in May but still higher than the Federal Reserve's target. We'll discuss, then learn what's behind raising hay costs and how new U.S. foreign aid contracts are shaping healthcare on the African continent.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.Stories featured in this episode:Higher hay costs for farmers could spell higher beef and dairy prices for consumersThe new currency of global health aid: data

This morning, the Bureau of Labor Statistics released fresh consumer price index numbers, which showed that consumer prices actually fell 0.4% month over month in June. The year-over-year inflation rate, meanwhile, clocked in at 3.5% — down from 4.2% in May but still higher than the Federal Reserve's target. We'll discuss, then learn what's behind raising hay costs and how new U.S. foreign aid contracts are shaping healthcare on the African continent.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.Stories featured in this episode:Higher hay costs for farmers could spell higher beef and dairy prices for consumersThe new currency of global health aid: data

Mortgage rates climbed back to 6.49%, existing home sales slowed, and the latest jobs report offered new clues about where the economy—and interest rates—could be headed next.   In this episode of Real Estate News for Investors, Kathy Fettke breaks down the three biggest economic stories of the week and explains what they mean for real estate investors. Learn why mortgage rates are rising, how tight housing supply is keeping home prices elevated despite slower sales, and why a cooling labor market could influence the Federal Reserve's next move.   Get your FREE PDF at www.Realwealth.com/AffordableMarkets   Sources: https://www.bls.gov/news.release/archives/empsit_07022026.htm?utm_source=chatgpt.com https://apnews.com/article/interest-rates-home-sales-29c907cc408cf7f88a8fcb3292150b1f https://www.realtor.com/news/trends/existing-home-sales-nar-june-2026/?utm_source=chatgpt.com

On this episode of Animal Spirits: Talk Your Book, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ben Carlson⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ are joined by ⁠Alex Morris from F/m Investments to discuss: the Fed, what the bond market is telling us, the debasement trade, Kevin Warsh and more.  To learn more about F/m Investments and our ETFs visit: www.fminvest.com/etfs To check out F/m Labs visit: https://www.fminvest.com/labs Find complete show notes on our blogs... Ben Carlson's ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠A Wealth of Common Sense⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Michael Batnick's ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Irrelevant Investor⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Feel free to shoot us an email at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠animalspirits@thecompoundnews.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ with any feedback, questions, recommendations, or ideas for future topics of conversation. Check out the latest in financial blogger fashion at The Compound shop: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://idontshop.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. See our disclosures here: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/podcast-youtube-disclosures/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ The Compound Media, Incorporated, an affiliate of ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ritholtz Wealth Management⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/advertising-disclaimers⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. F/m Investments Disclaimer: The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. For the most recent month-end performance, please call 1-800-617-0004 or visit our website at www.fminvest.com for more information, standardized fund performance and holdings.  Learn more about your ad choices. Visit megaphone.fm/adchoices