Podcasts about Greenspan

In this episode of The Wrap with Chris Whalen, Chris breaks down a blockbuster week of bank earnings — and why the record numbers mask a growing problem. Wall Street trading and investment banking revenues are exploding, but banks aren't making money on money, as asset yields fall for a sixth straight quarter and private credit giants like Apollo poach deals. Whalen flags roughly $4 trillion in bank exposure to non-depository financial institutions, warns "there are no regulators in Washington" watching the risks, and says the housing market's business-purpose loan boom "feels like 2005." He sticks with his double-digit inflation call, arguing diesel — not oil — is the real story, and predicts fuel shortages, maybe even rationing, before the midterm elections. Plus: Kevin Warsh's Greenspan-style Fed debut, gold's selloff as a buying opportunity, viewer questions on Annaly, and a World Cup prediction.Thank you to our sponsor, Monetary Metals. Learn more at https://www.monetary-metals.com/THEWRAP/Links:    The Institutional Risk Analyst: https://www.theinstitutionalriskanalyst.com/  The Wrap: https://www.theinstitutionalriskanalyst.com/post/theira869Twitter/X: https://twitter.com/rcwhalen    Seeing Around Corners book: https://www.theinstitutionalriskanalyst.com/product-page/seeing-around-corners-achieving-success-in-business-and-life-hardcoverUse the code TheWrap2026 for 25% off your first year of The Institutional Risk Analyst https://www.theinstitutionalriskanalyst.com/plans-pricingTimestamps:0:00 — Intro and welcome 00:55 Bank earnings and oil prices soar as Middle East war reignites2:36 — Bank earnings disconnect: Wall Street booms, lending shrinks3:55 — Why big deals keep going to private credit (Apollo, Blackstone)5:59 — The hidden risk: banks lending directly to private credit funds9:06 — The $4 trillion exposure — "no regulators watching the hen house"10:07 — The "Everything Bubble": rising rates, falling yields, record home prices12:06 — Kevin Warsh's Greenspan-style Fed: "inflation is a choice"14:40 — Rate hike odds cool — will the Fed wait until after midterms?15:42 — Energy shortages building: why the Trump administration stays quiet16:45 — Double-digit inflation call stands; possible rationing by Election Day17:53 — Iran destroyed Gulf refining capacity — years to rebuild21:52 — Housing: sales fall 2.4%, median price hits record high23:14 — "It feels like 2005" — DSCR and non-QM loans flash warning signs27:19 — Gold selloff: why Chris is buying more (especially silver)29:37 — Viewer Q: How rates affect Annaly (NLY) — it's all about the spread31:03 — Viewer Q: Warsh's 2% target vs. $80 oil — a double whammy?32:27 — Chris's World Cup prediction: Argentina

A TikTok review of a $38 Armenian basturma brisket sandwich has exploded into one of the biggest food controversies Los Angeles has seen all year. This week, Luca is joined by Taqueando producer Robert Haleblian, who's been following Glendale favorite Yerord Mas since its pop-up days, to unpack how one viral video ignited a debate about restaurant pricing, tradition, influencer culture, and why some cuisines are still expected to stay cheap. If you've seen the Richie Gaines, Yerord Mas, or Los Angeles Times discourse online, this is the conversation behind the headlines.Then it's time for Chef's Kiss / Big Miss with MY WIFE as the crew weighs in on Diarrhea Lettuce Summer, the rise of luxury all-you-can-eat buffets, Chipotle opening in Mexico, The Tasting Kitchen's return to Venice, and whether food media needs more people who've actually worked in restaurants.

The passing of Alan Greenspan last month and confirmation of Kevin Warsh as Federal Reserve Chairman in May bookend two booms is US productivity: the mass networking of computing power during the Greenspan Fed of the 1990s and the explosion of inferential applications of computing power today. These cycles influence central bank policy in ways often underappreciated until their aftermath. Marvin Barth of Thematic Markets joins the podcast this week, to look back at the lessons learned from past capex cycles and productivity booms, to apply this experience to the current moment in AI and to assess the initial steps towards institutional reform taken in the early weeks of Kevin Warsh's term.See omnystudio.com/listener for privacy information.

¿Será julio tan alcista como espera Wall Street... o hay algo que el mercado está pasando por alto? En este En Portada analizamos la hoja de ruta de Kevin Warsh en la Reserva Federal y su fijación con la época de Alan Greenspan, y cómo la Inteligencia Artificial podría cambiar las reglas del juego para la inflación, los tipos de interés y la economía. Pero hay un pequeño detalle... La deuda de Estados Unidos ya supera los 40 billones de dólares. ¿Cómo piensa financiarla? Hablamos del papel del dólar digital, las stablecoins y la estrategia que podría cambiar el mercado de bonos. ️ ▶️ Un análisis clave para entender qué puede mover las bolsas en los próximos meses. Y ahora os toca a vosotros: ¿Creéis que la Inteligencia Artificial realmente va a disparar la productividad como hizo internet? --------------------------------- 00:00 Introducción 01:24 El modelo de Alan Greenspan 04:00 Productividad: Los 90 vs Hoy 05:20 Genius Act y Stablecoins 06:30 Conclusión --------------------------------- ENLACES DE INTERÉS ⬇️⬇️⬇️ Julio vuelve a ser importante ➡️ https://www.r4.com/articulos-y-analisis/opinion-de-expertos/julio-vuelve-a-ser-importante BITCOIN: ¿se está formando el GRAN SUELO del ciclo? ➡️ https://youtu.be/F5wMvaWLMyk Este verano invierte en bolsa con todo incluido ➡️ https://www.r4.com/serviciosr4/promo-verano-org --------------------------------- 'En Portada' de Renta 4, presentado por Fernando Latienda. Cada semana, las claves que explican la economía, los mercados y el futuro del dinero. ------------------------ SUSCRÍBETE A NUESTRO CANAL Y RECIBE ESTE Y OTROS CONTENIDOS DE INTERÉS Suscríbete a nuestro canal: https://youtube.com/renta4?sub_confir... Y si quieres, también puedes seguirnos en OTROS CANALES: X: https://x.com/Renta4 Facebook: https://www.facebook.com/renta4 Instagram: https://www.instagram.com/renta4banco/ LinkedIn: https://www.linkedin.com/company/renta-4/ TikTok: https://www.tiktok.com/@renta4banco Ivoox: https://bit.ly/R4_ivoox Spotify: https://bit.ly/SpotifyR4 O consultar más información en NUESTRAS PÁGINAS WEB: Web: https://www.r4.com Renta 4 Gestora: https://www.renta4gestora.com Blog R4: https://www.r4.com/inversion-para-todos/ #ReservaFederal #WallStreet #KevinWarsh #GeniusAct #AlanGreenspan #EconomiaEEUU #Renta4Banco #Renta4 ------------------------------------------------------------------------------------------- Lo expuesto en esta emisión no presenta asesoramiento financiero personalizado. Se informa al inversor de que los instrumentos o inversiones a los que se refiere pueden no ser adecuados para sus objetivos, su situación financiera o su perfil de riesgo. La emisión no constituye una oferta, invitación de compra o suscripción o cancelación de inversiones, ni puede servir de base a ningún contrato o decisión. Se recomienda revisar la información legal de los productos, especialmente las características y los riesgos, antes de tomar decisiones. El Grupo Renta 4 no asume responsabilidad alguna por cualquier pérdida directa o indirecta que pudiera resultar del uso del contenido de esta emisión. Rentabilidades pasadas no garantizan rentabilidades futuras. Renta 4 Banco, S.A., es una empresa domiciliada en Madrid, Paseo de la Habana, 74, 28036 Madrid, teléfono 91 384 85 00. Es una entidad regulada y supervisada por el Banco de España (BdE) y por la Comisión Nacional del Mercado de Valores (CNMV) respecto a los servicios de inversión y auxiliares

In this episode of the Georgia Politics Podcast, we reflect on the life and legacy of former Federal Reserve Chairman Alan Greenspan following his passing. For nearly two decades, Greenspan helped shape U.S. monetary policy through economic booms, market crashes and periods of historic change, becoming one of the most influential figures in modern finance. We discuss the decisions that defined his tenure, the praise and criticism that followed him throughout his career, and how his approach to interest rates, inflation and financial regulation continues to influence policymakers today. Was Greenspan the steady hand that guided the American economy through unprecedented growth, or did some of his policies contribute to the financial crises that followed? Join us as we examine the complicated legacy of one of the most consequential economic leaders of the last half-century and what his impact means for today's economy and tomorrow's policymakers. Connect with The Georgia Politics Podcast Hans Appen on Twitter @hansappen Craig Kidd on Twitter @CraigKidd1 Lyndsey Coates on Instagram @list_with_lyndsey Proud member of the Appen Podcast Network. #gapol

In the wake of Alan Greenspan's recent passing, Bob revisits two contested claims about his legacy: did the Fed under Greenspan fuel the housing bubble, and did that bubble cause the 2008 financial crisis? Related:Bob's Article from October, 2007, "The Worst Recession in 25 years?": Mises.org/HAP557aPeter Schiff was Right (2006-2007 Edition): Mises.org/HAP557bMark Thornton, 2004, "Housing: Too Good to Be True": Mises.org/HAP557cBob's 2008 Article, "The Importance of Capital Theory": Mises.org/HAP557dThe Charts Shown in this Episode: Mises.org/HAP557e

In the wake of Alan Greenspan's recent passing, Bob revisits two contested claims about his legacy: did the Fed under Greenspan fuel the housing bubble, and did that bubble cause the 2008 financial crisis? Related:Bob's Article from October, 2007, "The Worst Recession in 25 years?": Mises.org/HAP557aPeter Schiff was Right (2006-2007 Edition): Mises.org/HAP557bMark Thornton, 2004, "Housing: Too Good to Be True": Mises.org/HAP557cBob's 2008 Article, "The Importance of Capital Theory": Mises.org/HAP557dThe Charts Shown in this Episode: Mises.org/HAP557e

SPONSORSHIP: FROM DR. GORD ARBESS: Mazel Tov to Josh Arbess and Georgia Gardner on their upcoming wedding. And to Sharon Neiss-Arbess on her latest book "How I learned to pee in the Forest" available at Indigo, Type Books and on Amazon.  https://www.amazon.ca/How-Learned-Pee-Forest-life-changing/dp/B0FY5ML1K6 ELI RUBENSTEIN: 'Thank you to my synagogue, Congregation Habonimi, for being so supportive of efforts that also benefit the wider community." DR. MICHAEL SILVERMAN: For Marcy Silverman who always had a wonderful sense of adventure, courage and bravery to follow her dreams." _____________________________________________________________________ Hello, and welcome to The Avrum Rosensweig Show. There are scholars who preserve history by writing about it. There are adventurers who search the world for hidden treasures. And then there are those extraordinary individuals who do both—turning ancient mysteries into living reality and ensuring that entire chapters of Jewish civilization are never forgotten. Today, I am deeply honored to welcome Dr. Ari Greenspan. By profession, he is a dentist. By calling, an educator. But by passion, he is something far more unusual: what he describes as a halachic adventurer. For more than four decades, Dr. Greenspan has crossed deserts, climbed mountains, explored forgotten synagogues, scuba-dived beneath the Mediterranean, and traveled to some of the world's most remote Jewish communities—from Morocco and Yemen to Ethiopia, India, Portugal, Tunisia, Central Asia, and beyond. He has searched for disappearing customs before they vanish forever, preserved ancient kosher traditions, documented endangered Jewish communities, and helped revive one of Judaism's greatest mysteries: the rediscovery of the biblical techelet, the sacred blue dye absent from Jewish life for nearly 1,300 years. As co-founder of the Ptil Tekhelet Association, Dr. Greenspan has combined Torah scholarship with archaeology, biology, chemistry, linguistics, and history to breathe new life into commandments many believed had been lost forever. Dr. Ari is also a mohel, a shochet, a sofer, an international lecturer, and the creator of legendary kosher dinners featuring birds and traditions preserved from Jewish communities scattered across the globe. His personal museum houses artifacts collected over forty years of travel—each one telling a story of a people who refused to disappear. During today's conversation, you'll hear astonishing stories from Ethiopia, where he trained Jewish communities in kosher slaughter; from Croatia, where ancient menorahs hidden in stone still whisper of forgotten Jewish craftsmen; from Portugal, where Crypto-Jewish traditions survived centuries of persecution; and from the depths of the Mediterranean, where the search for the elusive chilazon became one of the most remarkable adventures in modern Jewish history. Yet beneath every journey lies a deeper question. As Dr. Greenspan himself has shown through his life's work: Every forgotten synagogue, every ancient manuscript, every disappearing custom asks the same question: "Will anyone remember us?" 1. 00:04:45 – Dr. Greenspan's Extraordinary Mission in Ethiopia "Teaching a Jewish Community to Keep Kashrut Alive" Dr. Greenspan recounts returning to Ethiopia to teach Jewish leaders the ancient laws of shechitah and nikur (removing forbidden fats and the sciatic nerve), ensuring that isolated Jewish communities could once again prepare kosher meat according to halachah. 2. 00:15:52 – The Emotional Bond with Jews Across the Centuries "I Feel Like They Were My Brothers" One of the interview's most moving moments. Dr. Greenspan explains how handling centuries-old manuscripts, praying in forgotten synagogues, and retracing the journeys of medieval Jewish travelers creates a profound connection with Jews who lived hundreds of years ago. 3. 00:39:38 – Rediscovering the Lost Blue Thread of the Torah "The Search for Techelet After 1,300 Years" Dr. Greenspan tells the remarkable story of scuba diving for the elusive chilazon snail and helping revive the biblical techelet—one of Judaism's greatest lost mitzvot after thirteen centuries. ——

SPONSORSHIP: FROM DR. GORD ARBESS: Mazel Tov to Josh Arbess and Georgia Gardner on their upcoming wedding. And to Sharon Neiss-Arbess on her latest book "How I learned to pee in the Forest" available at Indigo, Type Books and on Amazon. https://www.amazon.ca/How-Learned-Pee-Forest-life-changing/dp/B0FY5ML1K6 ELI RUBENSTEIN: 'Thank you to my synagogue, Congregation Habonimi, for being so supportive of efforts that also benefit the wider community." DR. MICHAEL SILVERMAN: For Marcy Silverman who always had a wonderful sense of adventure, courage and bravery to follow her dreams." _____________________________________________________________________ Hello, and welcome to The Avrum Rosensweig Show. There are scholars who preserve history by writing about it. There are adventurers who search the world for hidden treasures. And then there are those extraordinary individuals who do both—turning ancient mysteries into living reality and ensuring that entire chapters of Jewish civilization are never forgotten. Today, I am deeply honored to welcome Dr. Ari Greenspan. By profession, he is a dentist. By calling, an educator. But by passion, he is something far more unusual: what he describes as a halachic adventurer. For more than four decades, Dr. Greenspan has crossed deserts, climbed mountains, explored forgotten synagogues, scuba-dived beneath the Mediterranean, and traveled to some of the world's most remote Jewish communities—from Morocco and Yemen to Ethiopia, India, Portugal, Tunisia, Central Asia, and beyond. He has searched for disappearing customs before they vanish forever, preserved ancient kosher traditions, documented endangered Jewish communities, and helped revive one of Judaism's greatest mysteries: the rediscovery of the biblical techelet, the sacred blue dye absent from Jewish life for nearly 1,300 years. As co-founder of the Ptil Tekhelet Association, Dr. Greenspan has combined Torah scholarship with archaeology, biology, chemistry, linguistics, and history to breathe new life into commandments many believed had been lost forever. Dr. Ari is also a mohel, a shochet, a sofer, an international lecturer, and the creator of legendary kosher dinners featuring birds and traditions preserved from Jewish communities scattered across the globe. His personal museum houses artifacts collected over forty years of travel—each one telling a story of a people who refused to disappear. During today's conversation, you'll hear astonishing stories from Ethiopia, where he trained Jewish communities in kosher slaughter; from Croatia, where ancient menorahs hidden in stone still whisper of forgotten Jewish craftsmen; from Portugal, where Crypto-Jewish traditions survived centuries of persecution; and from the depths of the Mediterranean, where the search for the elusive chilazon became one of the most remarkable adventures in modern Jewish history. Yet beneath every journey lies a deeper question. As Dr. Greenspan himself has shown through his life's work: Every forgotten synagogue, every ancient manuscript, every disappearing custom asks the same question: "Will anyone remember us?" 1. 00:04:45 – Dr. Greenspan's Extraordinary Mission in Ethiopia "Teaching a Jewish Community to Keep Kashrut Alive" Dr. Greenspan recounts returning to Ethiopia to teach Jewish leaders the ancient laws of shechitah and nikur (removing forbidden fats and the sciatic nerve), ensuring that isolated Jewish communities could once again prepare kosher meat according to halachah. 2. 00:15:52 – The Emotional Bond with Jews Across the Centuries "I Feel Like They Were My Brothers" One of the interview's most moving moments. Dr. Greenspan explains how handling centuries-old manuscripts, praying in forgotten synagogues, and retracing the journeys of medieval Jewish travelers creates a profound connection with Jews who lived hundreds of years ago. 3. 00:39:38 – Rediscovering the Lost Blue Thread of the Torah "The Search for Techelet After 1,300 Years" Dr. Greenspan tells the remarkable story of scuba diving for the elusive chilazon snail and helping revive the biblical techelet—one of Judaism's greatest lost mitzvot after thirteen centuries. ——

Greenspan, the man who knew, predicted a crisis but didn't prevent it. This biography summary reveals the overlooked reasons why.

Alan Greenspan wrote a 1966 essay arguing gold-backed money was essential to freedom, that fiat currency would destroy savings and fund endless government expansion — then became Fed Chair, took rates to 1%, started quantitative easing, and did every single thing he said was evil. Tony Arterburn of Wise Wolf Gold and David Knight use Greenspan's death as a lens on where his successors have left us: $40 trillion in official debt, $350 trillion in global sovereign debt, and a Fed with no Volcker option because the interest payments alone would collapse the Treasury before inflation was ever tamed. Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silver For 10% off Gerald Celente's prescient Trends Journal, go to https://trendsjournal.com/ and enter the code “KNIGHT” For high quality made in America products go to HomeSteadProducts.shop and use promo code “Knight” for 10% off your purchases Find out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

Alan Greenspan wrote a 1966 essay arguing gold-backed money was essential to freedom, that fiat currency would destroy savings and fund endless government expansion — then became Fed Chair, took rates to 1%, started quantitative easing, and did every single thing he said was evil. Tony Arterburn of Wise Wolf Gold and David Knight use Greenspan's death as a lens on where his successors have left us: $40 trillion in official debt, $350 trillion in global sovereign debt, and a Fed with no Volcker option because the interest payments alone would collapse the Treasury before inflation was ever tamed. Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silver For 10% off Gerald Celente's prescient Trends Journal, go to https://trendsjournal.com/ and enter the code “KNIGHT” For high quality made in America products go to HomeSteadProducts.shop and use promo code “Knight” for 10% off your purchases Find out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-real-david-knight-show--5282736/support.

Today we've got noted author and historian Rick Perlstein on to discuss the late Alan Greenspan's 20-year reign as the chair of the Federal Reserve, the damage he did to the American working class and New Deal financial regulations, and what that says about the history of the 1990s and 2000s. Then we turn to what the rise of bareknuckle boxing has to say about MAGA's particularly chintzy and gross brand of fascism. Enjoy! Check out Rick's newsletter here, and his books here.

Keith explores when the U.S. median home price could realistically hit $1 million and what long-term drivers like inflation, construction costs, and housing scarcity mean for investors.  He reveals the hidden issue of America's aging housing stock, explaining how outdated and inadequate homes quietly distort inventory data and reshape opportunities for renovation and build-to-rent strategies.  Keith also draws lessons from former Fed Chair Alan Greenspan and unpacks why some of the "worst" high-crime cities can still offer strong rental fundamentals, helping listeners think more clearly about risk, market selection, and long-term wealth building through real estate. Episode Page: GetRichEducation.com/612 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text  FAMILY to 66866  Unlock truly passive real estate income—visit flockhomes.com/GRE today to see if your properties qualify for a 721 exchange with Flock Homes. To get in the best physical, mental, and professional shape of your life, go to DanielThomasHind.com and apply for Daniel's intensive 1-on-1 coaching for burnt-out entrepreneurs and executives. Will you please leave a review for the show? I'd be grateful. Search "how to leave an Apple Podcasts review"  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— GREletter.com  Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Keith Weinhold  0:01   Welcome to GRE. I'm your host, Keith Weinhold. When will the median US home value hit the $1 million mark? I have the best answer for the exact year that it will happen, and it's probably sooner than you think. Also, there's a big hidden problem in America's housing market today, and no one is talking about it. It's not prices, mortgage rates, affordability, nor is it inventory. I'll tell you about it and more today on Get Rich Education.   Speaker 1  0:30   Since 2014 the powerful Get Rich Education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord, show host Keith Weinhold writes for both Forbes and Rich Dad Advisors, and delivers a new show every week. Since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests and key top-selling personal finance author Robert Kiyosaki. Get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps. Build wealth on the go with the Get Rich Education podcast. Sign up now for the Get Rich Education podcast, or visit getricheducation.com   Keith Weinhold  1:14   You know, Mid South Home Buyers, that top Memphis turnkey provider, I learned that a secret weapon behind their explosive growth is more than just you buying their properties. It's an executive coach for nine years now. Their CEO, Terry Kerr, and his COO, Pat Nix, have worked privately with a coach who I've now learned from too, and he doesn't market himself online anywhere. After 12 years behind the scenes, that coach is now making himself available exclusively for GRE listeners, his name is Daniel Thomas Hind. If you're a hard-charging business owner or investor who wants to get in the best shape of your life, physically, mentally, and professionally, you can fill out an application for a free consult. This is private one on one coaching for those willing to go to uncommon lengths to achieve uncommon results. Thanks to Daniel, we've all become better leaders, better operators, and better men. It started by showing up for ourselves. Now it's your turn. Go to danielthomashind.com h i n d, that's danielthomashind.com and sign up before Spotsville Flock Homes helps multifamily owners exit the operator grind, whether it's your sixplex or a 50 unit apartment through a 721 exchange. This defers your capital gains tax. It's a strategy long used by institutions. Now you can swap tenants and toilets for passive income and zero management. Request your initial valuations. See if your property qualifies at flockhomes.com/gre that's F L O C K homes . com / G R E.   Speaker 2  3:00   You're listening to the show that has created more financial freedom than nearly any show in the world. This is Get Rich Education.   Keith Weinhold  3:16   You're listening to One America's longest running and most listened to shows on real estate investing, not flipping, not speculating, not whatever the latest hot thing is, but prudent long-term real estate investing. This is Get Rich Education. I'm your host, Keith Weinhold. You've got to believe that you were not put on this earth to live a mediocre life and waddle in the safety of mediocrity. Your investing should be a reflection of that. You've got to believe that you can obtain financial freedom when you're young enough to enjoy it. What would be the point of deferring financial freedom until you're old, like, what would that point even be? I mean, just imagine a rich elderly version of you. It cannot buy youth. Youth cannot be bought. Look, right now, if someone offered you $20 million to be age 85 tomorrow, the probability that you would take it is pretty much zero. So then build sustainable, durable wealth now today, and with a sense of urgency. That's what we're doing here. A $1 million national median home price. When do we get there? Well, back in 1990 the median national home price was about 120k and you know, funny as it sounds, you can read about how back in 1990 people thought that homes were highly priced, even overpriced, and that maybe they'd need to start. Going down, why was that? Well, just three years earlier, in 1987 they crossed over 100k for the first time. So psychologically, six figures for a home price, that was still a fairly new phenomenon. In 1990 mortgage rates were 10% then for a 30 year fixed rate loan, and by the way, 10% mortgage rates didn't feel too bad to homeowners and real estate investors in 1990 because as recently as 1984 they were 14 and a half percent. Roll it back a little earlier to 1981 and mortgage rates were over 18% then, and of course, mortgage rates are a friendlier six to 7% today, but remember we're talking about home prices here, and when it comes to the trajectory of home prices, rates are really just trivia, because as I've discussed here on the show for years, to many people surprised, mortgage rates have almost nothing to do with home prices, contrary to popular belief, but to those people in 1990 that were still somewhat freshly getting used to six figure prices that were now 120k at that time today's median home price of 429,000 to $300 would have sounded as absurd as paying $18 for airport trail mix and $24 for airport beef jerky, yet here we are.    Keith Weinhold  6:36   All of those prices are true. That's where we are today, all right. Well, from 1990 till today, home prices have nearly four exed. So, with that backdrop from recent history, what about a million dollars? When do we get to that point? Well, home prices only need to go up about 2.3x from here. Yogi Berra said it's tough to make predictions, especially about the future, and I want to credit Dr. Lawrence Yuen, any our chief economist, for doing this analysis and sort of getting this conversation started, because when we look at the national median home price hitting million dollars, this forecast assumes zero price growth for this year, although home prices are now up 1.8% year over year. Here we go at 3% price growth from today, we get to a million in 2056 at 4% it's 2049 at 5% price growth, it's 2045 and it's 6% home price growth, it's 2042 and that's just 15 and a half years away. One part that I really want to credit Dr. Yoon for is that if you take the actual price trend from the last 25 years with all of its ups and downs, which also gives you an average annual gain of four and a half percent, by the way, and you project this into the future, that path reaches $1 million in 2048 just over two decades away, so taking the past quarter century, then, and extrapolating it into the future means we hit a million dollars in just a little over 20 years. So, therefore, perhaps the most prudent and sensible projection gets us there in 2048 But look, it's easy to make the case that growth is going to be on the higher side of these estimates, I mean, just look at what's going on now.   Keith Weinhold  8:45   Already, inflation is over 4% and there are all kinds of forces that are poised to push that inflation rate higher. I've talked about those in recent episodes. Today, 42 out of 50 states show annual home price gains. Near-term sparks to more home price growth are energy and material price volatility from tariffs and wars, which are poised to push up the replacement cost of homes. And you know, when your property's replacement cost rises, all capital values tend to rise as well. There's also pent-up demand and still paltry supply in most US regions. I'll get to that, but regulatory costs alone are now $132,000 for a new single-family home. You heard that right? Yes, the cost of zoning and other regs is now 132k and that figure is sticky. That does not tend to come down, and then you've got these longer term bonfires, not just the short term sparks that I mentioned, but the longer term bonfires that could make million dollar median home. Dollars occur before 2048 This construction of data centers and all the resources that it takes, and chips, and copper, and electricity, that's all inflationary for our society. When we're building that infrastructure, our currency will keep getting diluted to deal with huge debts like defense and social security payment commitments and interest payments themselves, I mean that part is plain as day new household formation that's expected to push up demand until at least the late 2040s and after that demographically things could turn, but the base case remains 2048 here for the million dollar median home, so this million dollar mark, you know, it's not some sci-fi housing fantasy where your realtor shows up in a flying car, okay, values are already approaching a half million, and this figure of a million that is just 1000 1000, it's not some incomprehensibly gigantic number that's shooting for the moon and the stars, so really the bottom line here is that a million dollar median national home price is an almost inevitable destination and is being pushed up by appreciation, inflation, replacement costs, and scarcity.    Keith Weinhold  11:25   The real question is not whether this happens, but it's when it happens. That's why I gave you the year of 2048 as the base case. I want to talk more about housing scarcity shortly, but first, for some historic perspective, do you want to know how much my parents paid for their home in 1974 I thought I knew the figure, but I wanted to check with Dad, and he let me know, and it was what I thought. All right, first, I think I've shared with you before that my parents still live in the same Countersport, Pennsylvania home, the old smallish Victorian style home built in 1917 They've lived in that continuously since Richard Nixon was our president. And you know, when I go visit my parents, I get to sleep in the same bedroom that I have since I was an infant, just amazing. Also, do you know that that home where I grew up, and they still live in.. Do you know that home is location? Do you know where that location is? On what I'll call the urban to rural spectrum, it's interesting. The home is not in a city, it's not in the suburbs, it's not in the exurbs, it's not in the country, and it's not in a planned community either. What's left? Do you know where it might be? Maybe you're thinking too hard. It is in a small town, that's the answer. A small town with a gridded street pattern and Main Street, that's called Main Street, and old brick businesses. It is a standalone community with its own identity and a really slow pace of life. Its population was about 2600 at the turn of the century, and it's down to about 2100 residents today. And Cowder Sport, Pennsylvania, is a remote place, it's over two hours to the nearest international airport in Buffalo, New York, and there really aren't that many flight routes out of Buffalo either. So, for that detached single-family home that does have a big yard, my parents bought it in 1974 for $20,000 exactly 20k and they quickly got that home paid off back in the day, about 58 years ago.   Keith Weinhold  13:48   The only financing they had, it wasn't a mortgage in the traditional sense, rather my mom's parents gave them a small loan to put toward that 20k and it was an interest-free loan, and the seller kind of gave them my parents there this adjacent grassy lot, practically free. The person that sold it said they didn't feel like mowing it. That wouldn't happen today. Real estate is just more coveted and calculated, I think. It'll just go throw in a lot, and you can guess who had to mow that adjacent grassy lot more than a few times? Yours truly. And hey, I might even mow it again this year when I visit my parents, and my dad listens to this show, and he sure hopes so. It's not a bad looking home today. I definitely did not grow up dirt poor, but just modestly, there was only one bathroom for our family of four that we all shared, and yes, what this meant was patience, timing, and the ancient art of knocking on the bathroom door with urgency sometimes, and we all took baths only until I was age eighteen, there was just simply no shower until then. We all shared one car, a Subaru station wagon, definitely not deprived in a great childhood, just living modestly. Well, today's median home price is now 22 times the 20k that my parents paid for their home in 1974. Homes in countersport are a lot cheaper, so maybe it's just 12x there. But see, the point is that the home doesn't have more utility because it doesn't have any more than the same three bedrooms today. It's got about the same amount of usefulness they did add a second bathroom. What happened is that our currency has just debased enough to be worth about 1/12 as much as it was in 1974 That's why the price is up 12x Before I get to national housing scarcity factor, maybe you've always wondered where I get my abundance mindset from, since I grew up in a small simple remote place, I'm not sure it's just an internal confidence gain from somewhere. Sometimes I wonder if where I grew up actually contributed to growing my means rather than living below my means, because at some point subconsciously I might have thought before that, you know what, if I fail big in life, then I could always move back to old counter sport and own a decent home for just 200k in a town where I know people, maybe it worked that way, and I moved away from that home for good at age 23.   Keith Weinhold  16:44   By the way, that's when I left the nest. As you know, I like to say the most important thing here is that I won the parent lottery - decent, stable married parents. That means considerably more than inflation or economic factors ever could two grade A parents now getting back to housing's scarcity factor. Did you know about what's happening with the available inventory of homes now after four years of rising supply? The inventory trend has flipped. There are now fewer homes for sale nationally than there were a year ago, and this has really thrown off some forecasters that thought inventory would climb about 10% this year. Instead, we have fewer one to four unit properties on the market today than we did last year. This matters because it could signal the next phase of the housing market, it's important to identify these inflection points right here, if it truly is one, because shrinking inventory, that means fewer options for buyers, more competition, and eventually upward price pressure, if the trend holds, but that's not here yet, we haven't seen home prices really take off. A decade ago, there are about one and a half million available homes. The pandemic low in 2022 is where we hit a jaw-droppingly low, 350,000 available homes. I mean, really scraping the bottom, those were the days when there were 40 people in line to see one open house, that was nuts.   Keith Weinhold  18:28   Okay, from those scarce, scarce days that has rebounded to 1.1 million available homes the past year or two, and this year it stepped back a little to about 1 million available homes for sale in this nation, so bigger picture today we have 30 to 35% fewer homes available now than we had a decade ago, and remember we've also got to account for the fact that we've had population growth since that time as well, that's why demand continues to exceed supply, so really the housing shortage is a little worse whenever you factor in population growth. So this really speaks to the scarcity, and so does something else here. And there's a big hidden problem in America's housing market today, and nobody, like no one is talking about this, it's not prices, it's not mortgage rates, affordability, nor is it inventory, it's the fact that America's housing is aging with the median now 45 years old, that's older than America's homes have ever been, and 45 is also about the median age of a TikTok user's parents, I think. Now, an 80s built home isn't exactly ancient, but this really factors in here. Now, in Buffalo, Pittsburgh, and Cleveland, the typical home predates 1960 in Austin and Raleigh, it. Is post 2000 so it feels like the Northeast is replacing avocado green appliances, and the Southeast is just replacing Ring camera batteries, because, as you'd expect, fast growth areas have a young housing stock like Florida and Texas and Tennessee to a lesser extent, and at the beginning of the month, I sent our newsletter subscribers this terrific national map that shows the median age of homes by city, a rare map that's pretty fascinating, and in fact, the oldest homes in the nation are in Elmira, New York. They are about 70 years old, not far from where my parents live in Countersport, Pennsylvania, and this is such an under-discussed part of the housing shortage. See, a market it can technically have what seems like available inventory, but still not actually have habitable, financeable, insurable, affordable housing, and older housing stock that creates friction with repairs and appraisals and insurance and affordability.    Keith Weinhold  21:10   Harvard's Joint Center for Housing studies found that 3.6 million renter households, that's 8% live in inadequate housing with problems in multiple structural deficiencies like water leaks or serious problems with electrical HVAC or other systems, and this is a real threat to NOAA housing. Are you familiar with this term, NOAH? NOAA stands for Naturally Occurring Affordable housing, and it means properties that are affordable purely due to free market conditions, not public funding. What's interesting is that America isn't just not building enough. See, we're also retaining a lot of older homes longer than generations past did in the mid 20th century, what cities routinely did is that they demolished obsolete housing, and they rebuilt aggressively. Today, that just doesn't work in most places. Replacement happens slowly, because of higher construction costs. In this not in my backyard bickering, and zoning restrictions, and labor shortages and environmental rules. I mean, it just doesn't work that way anymore. Now, here at GRE, we introduce you to providers across the nation that do deep, extensive quality rehabs, but much of America, they just kind of keep patching their homes like it's a 1998 Honda Accord with 280,000 miles in three glowing dashboard warning lights, that's what they're doing, that's why the average age of the home keeps going up. All right, so what are some of the big takeaways for real estate investors with America's homes being older than ever? Number one, it's supply. America still needs more housing, even in cities with stable populations. A lot of them are going to see more units become obsolete than will get built. That's why when you see a headline like inventory is up, all right, that can be true, but it can also be misleading if it's a 1952 duplex with knob and tube wiring, and a furnace that's held together with hope and duct tape. All right, a surprising amount of America's housing stock is basically running on CPR and Lowe's rewards points. The second takeaway with this aging housing stock is that obviously more renovations are required again, that is, if you're not buying new or turnkey, so therefore states like New York, Pennsylvania, Ohio, Massachusetts, they all have busy Home Depots.   Keith Weinhold  23:56   When obsolete properties get renovated, okay, well, then rents have to increase to support those costs, and then you know what happens a lot of times. Cynics call that process right there gentrification. Aging homes are going to be a major policy topic over the next decade. There is this tension between keeping buildings affordable and keeping them standing, you can't preserve what's falling apart, but see, then fixing it prices some people out, and then the third investor takeaway with this aging housing is yet again the arrow points here one more time, build to rent housing, yeah, new build rental homes, they're often the way to go. Usually the trade off for you is that you pay more upfront, and then you have fewer maintenance and repair costs. It usually works out for you, and today this is really tilted to your advantage, because home builders are still doing. Generously buying down your mortgage rate to perhaps 5% it depends on the builder, but this is a rare setup for you in this cycle of the market. New property, low maintenance, and mortgage rates that feel like they came from a different decade, you're getting them now. Not only is our housing aging, hey, so are we. The median age of all Americans is 39 Back in 1980 it was just 30, so this is a massive demographic shift in a short period of time. I mean, you and I are both older than we ever have been, of course, and we're both about 20 minutes older than when you and I started talking today. That is why I endeavored to make this show well worth your time. The bottom line with the aging homes is that by most measures, US housing stock is older than it's ever been. New construction has not kept up with population growth, and this is going to shape housing affordability and construction trends and investment opportunities across America, perhaps for the rest of your investor life. I need to tell you about America's worst cities for crime shortly, because it includes a lot of cities popular with investors, including cities that we frequently talk about here. So, what is going on? This is something that I've wanted to tell you about for a long time. Hey, if you like learning from me, you are in luck. This week and next week, it will be monolog episodes, just you and I together. I'm Keith Weinhold. More for you straight ahead here on episode 612 of Get Rich Education.    Keith Weinhold  26:41   What if you got your mortgage loans the same place I get mine? You sure can at Ridge Lending Group, NMLS 42056 They provided GRE listeners with more loans than anyone, because Ridge specializes in investment property. They'll help you build a long-term plan for growing your real estate empire with leverage. Start your prequal, and even chat directly with President Chaley Ridge. While it's on your mind, start at ridgelendinggroup.com That's ridgelendinggroup.com    Keith Weinhold  27:12   Let me ask you something. If you've worked hard to build wealth, is your money positioned to actually support your goals? A lot of accredited investors leave capital sitting in cash because it feels safe, but inflation and missed income opportunities can quietly erode its value. Freedom Family Investments offers freedom notes for investors seeking structured income backed by real estate. It's a straightforward approach built on real assets, not speculation. In full disclosure, I'm an investor myself. What I like is that their team walks you through how it all works, so you can decide if it aligns with your portfolio and income goals. Every investment carries risk, and nothing is guaranteed, but with a track record of consistent on-time investor payouts, they built real credibility. Go to freedomfamilyinvestments.com to book a clarity call, or text family to 66866 that's Family 266866.   Speaker 3  28:14   This is Hal Elrod, author of The Miracle Morning, and listen to Get Rich Education with Keith Weinhold and don't quit your daydream.   Keith Weinhold  28:28   Welcome back to Get Rich Education. I'm your host, Keith Weinhold. America turns 250 years old this coming weekend. That's our semiquincentennial, which is a word that sort of sounds like it should come with a Latin tutor and a necktie. If you live in the US, like I do, happy birthday to us. Enjoy it, celebrate it, be grateful for it. We're living through a milestone that only comes around once every two and a half centuries. Remember that, despite our differences, we still get to live in one of the most remarkable nations ever built. Warren Buffett said, No one has ever been a success betting against America since 1776 and they're not going to be a success in the future doing it either. End quote. Before I discuss the worst investor cities for crime, Alan Greenspan died last week. Let's learn from history with this long-tenured Fed chair. He served for 19 years, from 1987 to 2006 And then I'll talk about what it means to you. And I actually met Greenspan in person, just briefly, at the New Orleans Investment Conference several years ago, he led the Federal Reserve under four presidents from both parties, and really he was regarded as somewhat of a celebrity economist. He shaped economic policy during this period of massive wealth creation, again 1987 to. 2006 almost two decades, Greenspan was held for his well-timed interest rate moves to fight inflation, all while promoting economic growth, but you know, a lot of prominent economists, they also blamed his big financial deregulation for causing the 2008 global financial crisis. Greenspan and Nomics were really about entering government during the Ford administration after he co-founded a successful economic forecasting firm, and then Greenspan really became known for basing his decisions on this sort of meticulous data analysis, not textbook economics, and he ultimately gained this guru status for really capable monetary policy, including during one of the longest economic booms in the country's history, between 1991 and 2001 all years in which he reigned, and he helped engineer a swift recovery from a massive financial crash during the late Reagan administration, and he did that by slashing interest rates, and then pouring tons of money into the economy, and you know, yeah, everyone is popular when they slash interest rates and print tons of money in the short term, because that makes everybody feel really prosperous, but I think you know what that leads to. Say it with me, inflation in the mid 90s. He presided over rate increases to stem that price growth without causing a recession, and that is a tough balancing act that's known as a soft landing. Jerome Powell basically did that too, despite his faults. But anyway, later Greenspan didn't pay attention to people that wanted him to keep jacking up rates, but he got it right to hold off from doing that.    Keith Weinhold  31:50   There was an economic upswing because Greenspan correctly predicted that we'd have all these productivity gains from personal computers that would help tame inflation. He got that part right, and Greenspan, he was like famous for using these hard to decipher pieces of jargon known as Fed speak. I mean, it was unforgettable in 1996 when he dropped the term irrational exuberant, so that really just means these unduly escalated asset values, and he also pioneered these interest rate change announcements as a way to help guide the markets, instead of surprising everybody. But, on the other hand, you know, anyone that shapes the economy is gonna get some criticism. A lot of people said that Greenspan would just always rescue the stock market, and investors sort of knew that he would come rescue it, and that made investors make these riskier and riskier bets. He was an acolyte of libertarian Ayn Rand, and so Greenspan lobbied for this sort of light touch financial regulation during the Clinton years, and that combined with his refusal to raise interest rates and rein in subprime mortgage lenders to stamp out the housing bubble in the 2000s that's really what caused people to say that he was partially responsible for the global financial crisis. His influence definitely remains today. Alan Greenspan lived from 1926 to 2026. Now we've all seen those lists, like America's worst cities or the highest crime metros in the US, floating around on social media, in articles like Newsweeks published for decades, and everywhere in between, right.   Keith Weinhold  33:42   It's like the 10 places where your wallet, your hubcaps, and your will to live disappear, something like that, in some form. When you consider real estate markets that you want to invest in, the quality of the area absolutely matters. A bad neighborhood. Oh, that's going to contribute to stagnant rents, flat or declining values, higher vacancy, and you'll probably attract a tenant who treats your property like it's a borrowed jet ski. All right, not where you want to be, but a faulty modus operandi is that a reader? They often see a list like this, and then they extrapolate an area's crime or their public safety issues and blankets them across an entire city. Now, one of these lists came across my desk recently, the 50 worst cities to live in in the United States, and the cities are ranked, and here's what struck me as wild, paradoxical. At least seven of the top eight cities have areas with strong investment fundamentals. Actually, so the eight worst, in order, are Detroit, Memphis, Jackson, Mississippi. St. Louis, Baltimore, Cleveland, Shreveport, Louisiana, and then eighth worst is Birmingham, Alabama. Most all of these have good investment pockets in them. Now, I've never visited Shreveport, so that's one that I can't speak to. All right. Well, what is going on here? Why am I calling them good investor cities if they all make this list, and by the way, I was born in the 34th worst on this list, Redding, Pennsylvania. One of my degrees is in geography, and I get out and see the world, and what's weird, and you'll see this over and over and over again in society throughout your life, and that is when people talk about their own city that they live in. Oh, they understand the nuance. Okay, you know your own city has posh areas and rough places and working class areas, and that city that you live in has improving neighborhoods, and it also has don't stop there for gas after midnight areas, but see, when there's another city that people aren't familiar with, or they haven't visited, well, then suddenly the entire area gets slapped with one label, like, oh, that's nice, or that place is a dump, or the world would be better if that entire city slid into the ocean. Well, that's lazy thinking. Almost every city has sections that they're proud of. And then, well, the garbage collector has to live somewhere. Take Memphis, for example.    Keith Weinhold  36:38   It has long been one of America's most real estate investor advantaged cities, and it is a favorable place for income property owners, because it's got landlord friendly laws, a deep base of blue collar distribution jobs, a high ratio of rent income to purchase price, and Memphis also has such an embedded renter culture that tenants appliances actually move around with them, but yet Memphis, like I said, is a dreadful number two on this worst cities list due to high crime. Okay, that's the problem with citywide statistics. Bad neighborhoods can skew stats for an entire city, in fact, since we just mentioned them here on the show last week, take a reputable Memphis-based income property provider like Mid South Homebuyers, they renovate and provide investors with property in neighborhoods like Fraser and White Haven, but wait a moment, you can easily read about crime and blight and disinvestment into these same exact two Memphis neighborhoods, Fraser and Whitehaven. That's real, and that is accurate. And simultaneously, Fraser is anchored economically by nearby world-class hospitals, a massive Amazon presence. You've got Nike's largest distribution center in the world. I mean, that's not exactly a tumbleweed economy. Drive down Fraser's Pamela Drive, and you're going to see an established leafy middle-class neighborhood, mostly built in the 60s, with these modest, well-kept properties, and you can see that if you pull up Pamela Drive, Memphis on Google Street View, and they're often three bed, one bath ranch homes, about 1000 square feet in size, with two tenths of an acre lots. I mean, everything I just described there is ideal for cash flowing rentals, driveways, lawns, normal life - it's not posh, but pride of ownership is apparent here. People mold their lawns, trash stays picked up, you see orderly cars, maybe a jogger or a baby stroller, or a neighbor watering flowers.   Keith Weinhold  38:58   You do not see dumped furniture, no cars on blocks, no front yards that look like a failed episode of storage wars. Community stalwarts live here, like our police officers, nurses, public school teachers. So, see, there's substantial variation in investability, even within Fraser in Whitehaven, it's almost a block by block phenomenon, even within one neighborhood. So, to mentally stigmatize every neighborhood in Greater Memphis as bad due to their high crime areas is a really gross aberration. So, when one isn't familiar with an area, there's often an inclination to broad brush stroke at all. I mean, gosh, I wonder if people in Kazakhstan think that you are an abject degenerate simply for sending your child to school because they read that America has lots of school shootings. See, it's. The same principle here, and just like any provider the GRE tells you about, Mid South Homebuyers wants you to visit their neighborhoods in person. In fact, they frequently arrange investor tours and even welcome your visit so much that you'll get a $500 credit on your first property for attending the tour, they will pay you to come see Memphis effectively, and the bigger picture, national crime rates of all kinds just keep plummeting, because everybody is on their phone. Frankly, a lot of places on worst cities lists, like Memphis, they can be dangerous to invest in without a free consultation from our GRE investment coaching or a resource like Mid South Home Buyers.    Keith Weinhold  40:51   So, the bottom line is that investors, they don't buy a city, you're going to buy one specific house on one specific street with one specific tenant profile in one specific property management system. Micro locations are what determine your ROI, and by the way, Mid South Home Buyers has good income properties, some of them for about 200k or under 200k and right now they're offering investors their triple five program. This means they buy down your mortgage rate to 5.5% or maybe a little lower, and have a property management fee of just 5% for the first five years on every new turnkey property purchase. That is currently one of the best deals in the nation for income property. You can learn more at Mid South homebuyers.com If that sounds interesting, hopefully you've learned about real estate today and have helped clear up some misconceptions. Million dollar median homes are not some far-fetched fantasy. 2048 is my best guess as to when we reach that point. Housing is more scarce than you think, especially when you consider that America's homes are older than they've ever been, and when we look at one city's crime or demographic statistics, that broad brush strokes quite a wide area. Hey, if you enjoyed today's episode, there's a way to get more out of it for you and others, that is by telling two friends about the show, I love it when you do that, and I'm grateful for it. Text them this episode right now. Until next week, I'm your host, Keith Weinhold. Don't quit your daydream.   Speaker 1  42:37   Nothing on this show should be considered specific personal or professional advice. Please consult an appropriate tax, legal, real estate, financial, or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of Get Rich Education LLC exclusively.    Speaker 1  43:05   The preceding program was brought to you by Your Home for Wealth Building, getricheducation.com  

Late Fed Chairman, Alan Greenspan, served under four presidents, through multiple market meltdowns, and negotiated the American economy into its longest period of peacetime expansion, but Greenspan's legacy is also inextricably linked to the policies that led to the Great Financial Crisis. Donna does a retrospective commemorating the great contributions and unfortunate miss-steps of the man known as “The Maestro”, Alan Greenspan. Host: Donna Sowa Allard, CFP®, AIF®; Air Date: 6/22/2026. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.

This week: Former Federal Reserve Chairman Alan Greenspan passed away at the age of 100. Today: Felix Salmon, Elizabeth Spiers, and Emily Peck examine Greenspan's legacy and the way it's being emulated by the Fed's current chair, Kevin Warsh. Then, the hosts discuss succession at JPMorgan now that CEO Jamie Dimon's latest heir apparent, Marianne Lake, has left the company. And finally they look at the latest PowerPoint from SoftBank's Masayoshi Son and try to understand if a goose has value and if eggs can lay more eggs. In the Slate Plus episode: The New Meme Stock on the BlockWant to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you'll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen.Podcast production by Jessamine Molli. Hosted on Acast. See acast.com/privacy for more information.

This week: Former Federal Reserve Chairman Alan Greenspan passed away at the age of 100. Today: Felix Salmon, Elizabeth Spiers, and Emily Peck examine Greenspan's legacy and the way it's being emulated by the Fed's current chair, Kevin Warsh. Then, the hosts discuss succession at JPMorgan now that CEO Jamie Dimon's latest heir apparent, Marianne Lake, has left the company. And finally they look at the latest PowerPoint from SoftBank's Masayoshi Son and try to understand if a goose has value and if eggs can lay more eggs. In the Slate Plus episode: The New Meme Stock on the BlockWant to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you'll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen.Podcast production by Jessamine Molli. Hosted on Acast. See acast.com/privacy for more information.

Markets rarely move in straight lines, but periods of uncertainty often create the biggest opportunities for systematic investors. Niels Kaastrup-Larsen and Mark Rzepczynski examine why geopolitical shocks, changing Federal Reserve leadership and shifting market regimes continue to shape trend following performance. They explore why only a handful of markets often drive returns, how diversification really works when correlations suddenly rise, and why managed futures have historically stood apart during periods of elevated volatility. Along the way, they discuss the future of monetary policy, economic data, AI driven productivity and what investors should watch as the second half of the year unfolds.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT's TRUE ? – most CIO's read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Mark on Twitter.Episode TimeStamps:00:00 - Boston's World Cup beer shortage and remembering Alan Greenspan05:14 - Greenspan's legacy, interest rates and lessons from 199410:45 - Trend following performance and the markets driving returns14:14 - Why diversification matters and how many markets are enough20:47 - Looking ahead to the second half of the year23:10 - What defines a market regime change27:49 - The new Fed Chair and five major policy priorities39:12 - Why monetary policy changes matter for trend followers48:28 - Research into hedge fund strategies and risk regimes56:06 - Why managed futures stand out during periods of market stress01:02:30 - Portfolio construction and the role of managed futures in uncertain marketsCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I'm really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

This week: Former Federal Reserve Chairman Alan Greenspan passed away at the age of 100. Today: Felix Salmon, Elizabeth Spiers, and Emily Peck examine Greenspan's legacy and the way it's being emulated by the Fed's current chair, Kevin Warsh. Then, the hosts discuss succession at JPMorgan now that CEO Jamie Dimon's latest heir apparent, Marianne Lake, has left the company. And finally they look at the latest PowerPoint from SoftBank's Masayoshi Son and try to understand if a goose has value and if eggs can lay more eggs. In the Slate Plus episode: The New Meme Stock on the BlockWant to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you'll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen.Podcast production by Jessamine Molli. Hosted on Acast. See acast.com/privacy for more information.

While the pundits are insisting that the late Alan Greenspan was a committed free market adherent, his actions throughout his career spoke differently. In today's Friday Philosophy, Dr. David Gordon exposes Greenspan for what he was: an opportunist.Original article: https://mises.org/friday-philosophy/greenspan-great-opportunist

Jeremy Siegel, Wharton Emeritus Professor and Senior Economist at WisdomTree, discusses Alan Greenspan's lasting impact on monetary policy, reflects on the lessons of the 2008 financial crisis, analyzes Federal Reserve Chair Kevin Warsh's early leadership, and explains why more forward-looking economic data could shape future interest rate decisions while also revisiting the long-term economic effects of Brexit. Hosted on Acast. See acast.com/privacy for more information.

While the pundits are insisting that the late Alan Greenspan was a committed free market adherent, his actions throughout his career spoke differently. In today's Friday Philosophy, Dr. David Gordon exposes Greenspan for what he was: an opportunist.Original article: https://mises.org/friday-philosophy/greenspan-great-opportunist

Jeremy Siegel, Wharton Emeritus Professor and Senior Economist at WisdomTree, discusses Alan Greenspan's lasting impact on monetary policy, reflects on the lessons of the 2008 financial crisis, analyzes Federal Reserve Chair Kevin Warsh's early leadership, and explains why more forward-looking economic data could shape future interest rate decisions while also revisiting the long-term economic effects of Brexit. Hosted on Acast. See acast.com/privacy for more information.

On this episode of Power & Market, Tho, Connor, and special guest Ryan Turnipseed pay tribute to the Maestro, consider whether Democratic Socialists are part of Greenspan's legacy, and embrace Justice Clarence Thomas as a Rothbard respecter.

Welcome to Financial Revelations with David Szafranski! It's been an exciting 10 days in the markets. SpaceX finally went public, generating significant excitement among investors. After an initial surge in price, the stock leveled off, reminding investors of an important principle David often emphasizes: think long term. Successful investing is built on patience, discipline, and maintaining a long-term perspective. In other news, we remember the life and legacy of Alan Greenspan, who passed away at the age of 100. Greenspan served as Chairman of the Federal Reserve from 1987 to 2006 and played a significant role in shaping monetary policy during a period of tremendous economic growth and change. David reflects on Greenspan's reputation as a solid economist who generally favored limited intervention and avoided political entanglements. If you would like David and the team to review your portfolio, email Kory@epsf.com for more information. We're also continuing to support mission work throughout the Amazon. To learn more about Nativos or contribute to their efforts, please visit www.nativosusa.org. We are currently seeking partners interested in helping provide ongoing monthly fuel donations to support mission activities and outreach in remote areas of the Amazon. David is the author of The Sin of Retirement, which explores how traditional retirement thinking may be preventing people from achieving true financial freedom and purpose. The book is available in paperback, ebook, and audiobook formats.

Former Fed Chairman Alan Greenspan died this week at the age of 100. He was a towering figure in modern finance who oversaw unprecedented growth in the US economy. But Greenspan was also blamed for stripping away safeguards that might have prevented the Great Recession. WSJ's Nick Timiraos explains that while Greenspan retired two decades ago, his ideas are providing a model for the new Fed chairman Kevin Warsh. Ryan Knutson hosts. Further Listening: - Who Is the New Fed Chair? - Barney Frank's Legacy of Financial Reform  Sign up for WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

SCHEDULE JBS, 6-23-2026.1936Alan Greenspan's Legacy and the New Fed Chair. Guest: Elizabeth Peek. This segment reflects on the passing of Alan Greenspan and the transition to Kevin Warsh as Federal Reserve Chair. Peek highlights Warsh's goal to reform data collection and move away from forecasting, favoring real-time data over the traditional, often confusing, communication styles of his predecessors like Greenspan. 1The Resilient US Consumer and AI Infrastructure. Guest: Elizabeth Peek. Despite concerns over tariffs and wars, consumer spending remains robust, fueled by record stock market levels and rising low-end wages. Peek argues against AI alarmism, noting that massive investments in AI infrastructure are creating a surge in blue-collar job demand for skilled trades like welding and construction. 2Critiquing the Memo of Understanding with Iran. Guest: Jonathan Schanzer. Schanzer describes the newly established Memo of Understanding as a "dog's breakfast" that grants the Iranian regime significant sanctions relief and upfront cash. He argues the agreement appears to be an American defeat, particularly regarding the shaky nuclear inspection protocols and the uncertain status of the Strait of Hormuz. 3Hezbollah's Role and the Fog of Middle East Diplomacy. Guest: Jonathan Schanzer. The discussion focuses on Hezbollah as a "wholly owned subsidiary" of Iran, with the IRGC directing its activities in Lebanon. Schanzer criticizes the administration for expecting Israel to adhere to a ceasefire while Iran continues to provoke attacks, labeling the current diplomatic strategy as improvised and potentially harmful. 4Secretary Rubio's Reassurance Mission to Gulf Allies. Guest: Mary Kissel. Secretary of State Marco Rubio travels to the Gulf to reassure the UAE, Kuwait, and Bahrain of U.S. security commitments following Iranian attacks. Kissel criticizes the administration for granting Iran sanctions relief and 60-day exemptions, arguing that the diplomatic effort prioritizes "hope over experience" regarding Iranian nuclear ambitions. 5The Impact of Foreign Policy on Domestic Midterms. Guest: Mary Kissel. Kissel examines whether foreign policy influences American voters, noting it is rare compared to "pocketbook" issues like inflation and interest rates. She warns that adversarial regimes like Iran and China are sophisticated observers of the U.S. electoral calendar and may attempt to influence domestic politics. 6Kevin Warsh's Reformist Vision for the Federal Reserve. Guest: Joseph Sternberg. Sternberg analyzes Kevin Warsh's first FOMC meeting, noting a shift toward shorter policy statements and the removal of the "dot plot" forecasting tool. Warsh is initiating five task forces to reform the Fed's intellectual framework, specifically targeting productivity, data quality, and balance sheet management. 7The Turmoil of British Leadership and the Labour Party. Guest: Joseph Sternberg. This segment explores the potential replacement of Keir Starmer with Andy Burnham as UK Prime Minister. Sternberg argues that Labour's struggles go beyond charisma, involving a lack of clear economic direction and the failure to address core voter concerns like the broken NHS and illegal immigration. 8The Geopolitical Chessboard of the Strait of Hormuz. Guest: Gregory Copley. Copley discusses the power struggles within Iran and the strategic card of the Strait of Hormuz. He notes that while the strait is "more or less open," the situation remains in flux, with regional players like Turkey seeking to thwart Iranian ambitions in the Mediterranean. 9Xi Jinping's Strategic Outreach to North Korea. Guest: Gregory Copley. Xi Jinping's visit to Pyongyang is seen as a move to reassert Chinese influence over North Korea as Kim Jong-un shifts away from communist identity. Kim is positioning himself as an equal to Xi while strengthening his ties with Russia, creating a complex ideological shift in the region. 10British Political Fragmentation and the Immigration Crisis. Guest: Gregory Copley. Britain has seen seven prime ministers in ten years due to political fragmentation over illegal immigration and European relations. Copley suggests that the Labour Party is failing to represent the British working class, which favors traditional values and stricter border controls, leading to a rise in alternative parties. 11The Crown as a Symbol of British Identity. Guest: Gregory Copley. Amidst political instability, King Charles III is viewed as a dynamic symbol of national dignity and continuity. The segment discusses the King's role in stabilizing the United Kingdom following Prime Minister Starmer's resignation and managing sensitive royal family matters to preserve the image of the monarchy. 12Recovering the Original Understanding of Unalienable Rights. Guest: Peter Berkowitz. Berkowitz reflects on the 2019 Commission on Unalienable Rights, which sought to ground human rights in the American founding tradition. The commission aimed to counter the "proliferating industry" of rights that often serves partisan progressive ends, emphasizing the Universal Declaration of Human Rights' original austere framework. 13Unalienable Rights and the Challenge of Foreign Policy. Guest: Peter Berkowitz. This segment discusses applying founding principles to modern diplomacy, specifically condemning the Chinese Communist Party's crimes against the Uyghurs. Berkowitz argues that despite economic entanglements, the United States must maintain its dedication to universal principles and use its diplomatic toolbox to address massive human rights violations. 14The Strategic Failure of the Iran Memo of Understanding. Guest: Thaddeus McCotter. McCotter analyzes the Memo of Understanding, highlighting unresolved issues like the Strait of Hormuz and the $80 billion war funding request. He argues the administration is trying to make kinetic action palatable to voters while failing to secure meaningful concessions on Iran's nuclear program or its sponsorship of terrorism. 15The Republican Fissures and Potential Third-Party Movements. Guest: Thaddeus McCotter. The discussion centers on Tucker Carlson's potential departure from the Republican Party over foreign policy disagreements. McCotter suggests this reflects deeper fault lines within the MAGA base, where isolationist tendencies and dissatisfaction with the administration's relationship with allies like Israel could lead to future political discord. 16

Alan Greenspan's Legacy and the New Fed Chair. Guest: Elizabeth Peek. This segment reflects on the passing of Alan Greenspan and the transition to Kevin Warsh as Federal Reserve Chair. Peek highlights Warsh's goal to reform data collection and move away from forecasting, favoring real-time data over the traditional, often confusing, communication styles of his predecessors like Greenspan. 119202

It's Wednesday, June 24th, A.D. 2026. This is The Worldview in 5 Minutes heard on 140 radio stations and at www.TheWorldview.com. I'm Adam McManus. (Adam@TheWorldview.com) By Jonathan Clark Attacks on French Christians up by 70 percent Attacks on Christians in France surged over 70 percent last year. The data comes from a recent report by the government.  General anti-religious attacks more than doubled since 2010. Anti-Christian violence followed the trend, nearly doubling over the same period. The European Center for Law & Justice notes that the actual number of anti-Christian acts may be two to three times higher than the official figures. The group also reported that France lacks any dedicated institutional framework to combat anti-Christian hatred. British Prime Minister Keir Starmer resigned The United Kingdom's head of government announced his resignation on June 22nd. The country is set to have its sixth prime minister in just seven years. Prime Minister Keir Starmer stepped down after his Labor Party experienced major election losses in May.  STARMER: “The question my party is asking now is whether I am best placed to lead us into the next general election. I have heard the answer of my parliamentary party, and I accept that answer with good grace. Every decision I have taken has been about putting the country I love first. “That is why I will resign as leader of the Labor Party. I have spoken to His Majesty the King [Charles III] this morning to inform him of my decision. I will ask the National Executive Committee of the Labor Party to set out a timetable with nominations opening on the ninth of July.” Keir Starmer, an avowed atheist, was known for his support for abortion and assisted suicide.  Proverbs 29:2 says, “When the righteous are in authority, the people rejoice; but when a wicked man rules, the people groan.” British study: Marriage brings more stability New research from the United Kingdom confirms that marriage is a major factor in relationship stability.  The report from the Marriage Foundation found that unmarried couples were nearly twice as likely to separate as married couples. Dr. Harry Benson is the Research Director at the Marriage Foundation. He noted, “This groundbreaking study categorically demonstrates the benefits of marrying, and blows apart decades of government policy that has consistently downgraded marriage to just another form of relationship like cohabitating.” Proverbs 18:22 says, “He who finds a wife finds what is good and receives favor from the Lord.” U.S. abortions down slightly In the United States, the reported number of babies murdered in the womb decreased slightly last year. The Society of Family Planning, a pro-abortion group, estimates there were 1.13 million abortions in 2025. That's down from 1.14 million in 2024. The data shows in-person abortions are decreasing while so-called “telehealth” abortions are increasing. Nearly a third of abortions are now done outside of physical locations by swallowing the Abortion Kill Pill which mothers order by mail. Texas judge allowed recusal from officiating homosexual faux weddings A Texas judge won her religious freedom case last week against the State Commission on Judicial Conduct. The Commission had issued Judge Dianne Hensley a public warning, sanctioning her for Christian beliefs. She had simply recused herself from performing weddings for couples living in unnatural relations.  The recent settlement awarded Hensley $10,000 and required the Commission to pay her attorney's fees of $630,000.  Economist Alan Greenspan died at 100 Economist Alan Greenspan died at the age of 100 on Monday from complications of Parkinson's Disease. He served as the chairman of the Federal Reserve from 1987 to 2006. He has been credited as the orchestrator of U.S. economic growth in the 1990s. However, his easy-money policies were also blamed for the 2008 financial crisis.  Greenspan was often known as the second most powerful person in the country after the president.  47 percent of Protestant pastors oppose celebrating America's 250th birthday A new survey from Lifeway Research asked pastors about celebrating America's 250th birthday.  Fifty-percent of U.S. Protestant pastors agree that their church should do something special to commemorate the event. Forty-seven percent disagree.  Also, 45 percent of pastors support patriotic elements in worship services during the week of July Fourth. That's down from 61 percent in 2016. Meanwhile, 30 percent of pastors say their congregation's love for America sometimes seems great than their love for God. That's down from 53 percent.   U.S. soccer players glorify God And finally, the U.S. Men's National Soccer Team is advancing in the World Cup. The team has achieved back-to-back victories for the first time since 1930. Members of the team are also making headlines for their faith in Jesus Christ.  Last week, star player Christian Pulisic posted a picture of teammates praying on the field after their game against Australia. One of his teammates, Mark Mackenzie, commented on the photo with a reference to Ecclesiastes 4:9-10. The passage says, “Two are better than one, because they have a good return for their labor: If either of them falls down, one can help the other up.” Listen to Mackenzie comment on his faith in Christ. MACKENZIE: “The salvation that I have is nothing that I earned; it's a gift. There's nothing else to it. Every day that goes by is a day where I have to look up and say, ‘Thank you, Lord, for seeing me through this.'” Close And that's The Worldview on this Wednesday, June 24th, in the year of our Lord 2026. Subscribe for free by Spotify, Amazon Music, or by iTunes or email to our unique Christian newscast at www.TheWorldview.com. Plus, you can get the Generations app through Google Play or The App Store. I'm Adam McManus (Adam@TheWorldview.com). Seize the day for Jesus Christ.

Tonight on America at Night with McGraw Milhaven: Michael Gould, founding member of the NYPD Canine Unit, former police lieutenant, and president of Hounds Town Charity, joins the show to discuss the latest developments in the Nancy Guthrie investigation. Gould examines newly surfaced notes and evidence, and weighs in on whether investigators are likely to uncover meaningful new information after months of intense scrutiny. Brian Maloney, government and strategic policy analyst, author, and media strategist, joins the program to reflect on the life and legacy of Alan Greenspan. Maloney discusses Greenspan's influence on the U.S. economy, monetary policy, financial markets, and the lasting impact of his tenure as Chairman of the Federal Reserve. Later, Elizabeth Stordeur Pryor, daughter of legendary comedian Richard Pryor, joins the show to discuss her new book, Something We Said: Richard Pryor, a Notorious Word, and Me. Pryor shares a deeply personal look at her father's legacy, family experiences, race, language, and the cultural conversations that continue to surround one of comedy's most influential figures. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Subscribe now to listen to the entire 24-minute episode (or preview 8 minutes). One of the most influential central bankers in U.S. history, Alan Greenspan, who chaired the Federal Reserve for 19 years, died on June 22. He was 100. Greenspan was once treated as an oracle whose policies and arcane pronouncements moved markets. After the '08 crash, however, his legacy was badly tarnished because he had embraced a quasi-religious faith in markets to regulate themselves — a fantasy that led to ruin shortly after he departed the Fed. Our guest is historian Nelson Lichtenstein, the author of A Fabulous Failure: The Clinton Presidency and the Transformation of American Capitalism.

The Fed Chair's job isn't to stabilize the economy. It's to use prestige, technical jargon, and mind-numbing dullness to cover for the central bank's expropriation of the American people. And Alan Greenspan excelled at that.Read the article here: https://mises.org/mises-wire/greenspan-was-perfect-fed-chair-not-compliment2026 is the Year of Rothbard—Murray's 100th birthday—and we're celebrating by giving away free copies of Keynes the Man through June 30. Grab yours today at https://mises.org/gabfreebookBe sure to follow the Guns and Butter podcast at https://Mises.org/GB

This week we said goodbye to Alan Greenspan, the man who spent two decades quietly rigging the economy for the wealthy, and encouraged working people to take on debt he knew would blow up in their faces (he would eventually call this a “flaw” ). Then we looked at housing starts, which just posted their worst number since COVID, with multifamily construction down 40% in a single month—because between 6.4% mortgage rates, all-time high home prices, and tariffs jacking up the cost of every material that goes into a build, the math simply doesn’t work. Chapters Intro: 00:00:38 Quick Takes: 00:01:20 Max Notes: 00:06:27 Killer Left Take of the Week: 00:13:47 Chart of the Week: 00:17:09 Headlines: 00:22:02 Outro: 00:23:17 Resources The Majority Report w/ Sam Seder: How Did Hasan Make Emma Cry? Ed Zitron: Exclusive: OpenAI Losses Increased Nearly 8X in 2025, With Spending Hitting $34 Billion Yahoo! Finance: SpaceX stock tumbles 16.4%, shaving off most IPO gains since debut Owen Jones: Keir Starmer: Dishonest, Unprincipled - And FINISHED Walter Masterson: Trolling Nick Shirley in NYC United States Census Bureau: Monthly New Residential Construction, May 2026 Freddie Mac: Mortgage Rates NAHB: New Tariffs on Lumber, Wood Product Imports Add Headwinds to Housing Market Federal Reserve Bank of St. Louis: Median Sales Price of Existing Homes Justice for Colombia: Who is De la Espriella, the Colombian far right’s presidential candidate? The New Yorker: The Repo Man is Coming for Your Ride Mother Jones: Why GM Is Betting on a Future With Sodium-Ion Battery Storage UNFTR Resources Video: On The Record 6-23-26 (Greenspan, SpaceX, and the Colombia Coup Nobody's Ready For.) UNFTR Progressive Trivia Essay: Alan Greenspan Has Died. Episode: Housing in America. -- If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: unftr.com/rate and follow us on Facebook, Bluesky, and Instagram at @UNFTRpod. Visit us online at unftr.com. Become a member at unftr.com/memberships. Buy yourself some Unf*cking Coffee at shop.unftr.com. Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations. Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibility.Support the show: https://www.unftr.com/membershipsSee omnystudio.com/listener for privacy information.

Jim Caron is the Chief Investment Officer of the Portfolio Solutions Group at Morgan Stanley Investment Management. He speaks with Bloomberg's Carol Massar and Tim StenovecSee omnystudio.com/listener for privacy information.

Alan Greenspan, who led the Federal Reserve for nearly two decades, died Monday at his home in Washington. He was 100.Greenspan was the rare celebrity among central bankers, lionized for his economic stewardship in the 1990s — and a reputation tarnished by the global financial crisis of 2008.With a career that spanned decades and four presidents, what legacy does he leave behind?For sponsor-free episodes of Consider This, sign up for Consider This+ via Apple Podcasts or at plus.npr.org.Email us at considerthis@npr.org.This episode was produced by Mia Venkat and Karen Zamora.It was edited by Pallavi Gogoi, Christopher Intagliata and Tinbete Ermyas.Our interim executive producer is Courtney Dorning.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

P.M. Edition for June 22. Traffic through the Strait of Hormuz appears to have sped up this weekend, but what's next? WSJ reporter Joe Wallace joins us to discuss what we should expect from the vital shipping route if the ceasefire holds. Plus, The National Highway Traffic Safety Administration has opened an investigation into Tesla after a fatal wreck near Houston, Texas. And remembering two titans: legendary music executive Clive Davis and former Fed chairman Alan Greenspan have died. We hear from WSJ chief economics correspondent Nick Timiraos about Greenspan's legacy. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Former Federal Reserve Chair Alan Greenspan died today. He was 100. Greenspan served under four presidents in his five terms as central bank chair. This morning, we're joined by Julia Coronado — she's the founder and president of MacroPolicy Perspectives and once worked alongside Greenspan — to discuss his economic legacy, his role in boosting Fed transparency, and his particular way of communicating. Then, from the latest season of Marketplace's "How We Survive," we dive into the ocean's vast potential to store carbon.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:From “How We Survive”: A Carbon Burial at Sea

Former Federal Reserve Chairman Alan Greenspan has passed away at the age of 100, leaving behind a massive, complex economic legacy. Does his most famous warning about the economy perfectly describe the market we are living in right now? Chief Market Strategist for ProCap Financial Phil Rosen joins Lou Basenese to discuss Greenspan's nearly 19-year tenure steering the economy and whether his iconic “irrational exuberance” warning is fitting for today's volatile markets and the AI boom. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Former Federal Reserve Chair Alan Greenspan died today. He was 100. Greenspan served under four presidents in his five terms as central bank chair. This morning, we're joined by Julia Coronado — she's the founder and president of MacroPolicy Perspectives and once worked alongside Greenspan — to discuss his economic legacy, his role in boosting Fed transparency, and his particular way of communicating. Then, from the latest season of Marketplace's "How We Survive," we dive into the ocean's vast potential to store carbon.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:From “How We Survive”: A Carbon Burial at Sea

Former Federal Reserve Chairman Alan Greenspan has died at 100 years old, leaving an enormous legacy for the American financial system. Economist Mohamed El-Erian remembers this titan of American economics, including his historic career as Fed Chair for five consecutive terms under four U.S. Presidents. Author Walter Isaacson shares Greenspan stories of his own, as well as his expectations for a SpaceX-Tesla merger. Plus, CNBC's Eamon Javers reports on the latest round of talks between the U.S. and Iran, and “Toy Story 5” lassoed 2026's biggest opening weekend at the box office.    Eamon Javers - 3:36 Mohamed El-Erian - 18:05 Walter Isaacson - 28:53   In this episode: Eamon Javers, @eamonjavers Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, David Faber and Sara Eisen led off the show with market reaction to positive comments by Vice President Vance about the U.S.-Iran negotiations. AI in the spotlight: Chevron announced it signed a 20-year agreement with Microsoft to provide power for the tech giant's massive West Texas data center project. The anchors remembered the influential former Fed chairman Alan Greenspan, who died Monday at the age of 100. Also in focus: President Trump's comments on Anthropic and national security, Microsoft CEO Satya Nadella's message for companies leading the AI boom, SpaceX shares on track for a three-day losing streak, AbbVie agrees to buy immunology drugmaker Apogee Therapeutics for $10.9 billion in cash. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla and Sara Eisen kicked off the hour with fresh news out of SpaceX before turning to a sell-off in Alphabet shares with veteran tech investor Dan Niles. Plus: energy prices also falling as the U.S.-Iran deal talks make progress... What could come next - with one former diplomat that played a key role in Obama's Iran nuclear deal.  Elsewhere this hour: a read on airline stocks - and whether higher airfares are here to stay; plus: one former Fed member's remembrance of his time working alongside Alan Greenspan - and what he thinks Greenspan would have thought about current market exuberance.  Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

As Wall Street remembers former Federal Reserve Chair Alan Greenspan, Squawk on the Street examines the parallels—and key differences—between today's market enthusiasm and the era that gave rise to Greenspan's famous "irrational exuberance" warning. Plus, SpaceX shares pull back again, but one analyst is becoming even more bullish, raising his price target despite the selloff. And Apollo President Jim Zelter joins the show to discuss the massive financing needs behind the AI boom and where private capital sees the biggest opportunities in the next phase of artificial intelligence growth. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Sir Keir Starmer says he will step down as Labour leader and UK prime minister. What does the political uncertainty mean for the British economy? Cape Verde has become one of the stories of the FIFA World Cup - what impact is the tournament having on its economy? And Alan Greenspan, the longtime chair of the US Federal Reserve, has died aged 100. We'll hear from the former Bank of England governor, Mervyn King, on Greenspan's impact on the American economy. Presenter: Andrew Peach Producer: Rob Cave and Haider Saleem

On the day Greenspan died, this 2001 essay by Joseph T. Salerno deserves a second life. It documented what the mainstream refused to see: that Greenspan replaced economic theory with intuition, replaced analysis with data-worship, and called his guesswork a science.Original article: https://mises.org/mises-daily/greenspans-empty-talk

Greenspan served as an especially important cog in this machine by increasing the Fed's prerogatives within the global economy.Original article: https://mises.org/power-market/alan-greenspan-dies-100

On the day Greenspan died, this 2001 essay by Joseph T. Salerno deserves a second life. It documented what the mainstream refused to see: that Greenspan replaced economic theory with intuition, replaced analysis with data-worship, and called his guesswork a science.Original article: https://mises.org/mises-daily/greenspans-empty-talk

Greenspan served as an especially important cog in this machine by increasing the Fed's prerogatives within the global economy.Original article: https://mises.org/power-market/alan-greenspan-dies-100

Warsh set up 5 task forces to study inflation. You only study a problem when you don't want to solve it. Same game, new players.This episode is sponsored by InvestingPRO. Get 55% off + an EXTRA 15% off with my code PETERSCHIFF at checkout! Sign up: https://www.investing-referral.com/peterschiff/This episode is also sponsored by Ethos. Protect your family with life insurance from Ethos. Get up to $3 million in coverage in as little as 10 minutes at https://ethos.com/gold. Application times may vary. Rates may vary.Kevin Warsh's first FOMC meeting delivered a hawkish surprise — rates held at 3.5-3.75% unanimously, forward guidance was eliminated, and dot plots now project two rate hikes by year-end. But Peter Schiff argues it's all theater. Instead of actually fighting inflation, Warsh announced five new task forces to "study" the Fed's balance sheet, communications, data sources, jobs, and inflation itself — the classic government move of establishing committees to avoid solving problems.Warsh acknowledged inflation is a choice, and Schiff agrees — the Fed has chosen inflation over the alternative of crashing markets and forcing fiscal responsibility since the Greenspan era. The question is whether Warsh will break that tradition when push comes to shove. Schiff says no: Trump won't tolerate a bear market, the Treasury Secretary is having weekly breakfasts with the Fed Chair, and the political pressure to print will overwhelm any hawkish posturing. Meanwhile, Strategy's death spiral accelerated with Stretch falling to $89 — wiping out the entire annual yield in one month — while Saylor continues diluting common shareholders to fund dividends he can't sustain. SpaceX soared past $3 trillion on a 4% float, sucking speculative capital away from crypto and accelerating Bitcoin's decline to $64,000.Chapters:00:00 Warsh Shocks Markets00:45 Rates Hold Steady01:26 Trump Versus Powell03:42 Shortest Fed Statement06:01 Ample Reserves Contradiction07:13 Five Task Forces Announced32:18 Term Insurance Not Investing33:40 Fed Task Forces Skepticism39:56 Inflation Tax And Politics44:37 SpaceX IPO Mania47:23 Bitcoin Strategy Death Spiral55:37 Gold Silver Buy The Dip56:29 Same Fed Same Game Wrap Up58:29 Closing And Follow MeFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiff#PeterSchiffShow #FederalReserve #FOMCOur Sponsors:* Check out Chilipad and use my code sleep.me/GOLD for a great deal: https://sleep.me* Check out DBJourney and use my code Schiff15 for a great deal: https://dbjourney.com* Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com* Check out Plaud AI and use my code GOLD for a great deal: https://plaud.ai* Check out Quince and use my code quince.com/gold for a great deal: https://www.quince.com* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy

Today, some last thoughts on the FOMC ahead of the meeting as the market is treating it with little anticipation even if this is likely to prove the most significant ideological change at the Fed since Greenspan left in 2006. Also - evidence from a choppy session for chips that the market nervousness may be rising for the hero sectors powering the recent market advance, especially given the max supportive move lower in crude oil yesterday, showing that lower oil prices have lost their impact as macro driver. This and more on today's pod, which is hosted by Saxo Global Head of Macro Strategy John J. Hardy. Links Yesterday's John J. Hardy substack with more links, if you missed these. Craig Tindale's latest on "Who owns the chemistry that turns metal into power." Laying out why those critical materials are so critical and the systematic changes required to address the issue if China isn't to maintain its dominance and leverage. Peter Garnry on SpaceX and how truly rare  it is to see the kind of growth that some are anticipating for this company - with only two prior examples that are even in the same universe for a company of size. About twice per week (in normal times, hopefully soon to resume), you will find links discussed on the podcast and a chart-of-the-day over at the John J. Hardy substack. Read daily in-depth market updates from the Saxo Market Call and the Saxo Strategy Team here. Please reach out to us at marketcall@saxobank.com for feedback and questions. Click here to open an account with Saxo. Intro music by AShamaluevMusic DISCLAIMER This content is marketing material. Trading financial instruments carries risks. Always ensure that you understand these risks before trading. This material does not contain investment advice or an encouragement to invest in a particular manner. Historic performance is not a guarantee of future results. The instrument(s) referenced in this content may be issued by a partner, from whom Saxo Bank A/S receives promotional fees, payment or retrocessions. While Saxo may receive compensation from these partnerships, all content is created with the aim of providing clients with valuable information and options.