Podcasts about Greenspan

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

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

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

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

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.

Chuck Todd breaks down a seismic primary night in New York, where Mamdani-backed Democratic Socialist candidates swept their races — and argues the DSA may be on the verge of becoming the far-left equivalent of the Freedom Caucus, a small but disciplined faction capable of making the establishment's life genuinely miserable. The most stunning data point: Chuck argues Chuck Schumer likely couldn't win a Democratic primary anywhere in New York right now, that Dan Goldman lost his primary handily, and that while Schumer clearly shouldn't run again, politicians rarely walk away on their own. It was also a quietly bad night for Hakeem Jeffries, and Chuck raises the genuinely open question of whether Jeffries would even survive a primary challenge — and whether he still has a clear path to the speakership if Democrats take the House. The strategic lesson the left has internalized, Chuck argues, is that the smaller the Democratic majority, the more leverage a committed progressive bloc can apply, which means Democrats may have to govern in a fundamentally different way than their leadership wants. But Chuck repeatedly returns to the central tension: this brand of far-left politics plays beautifully in coastal cities but the socialist label simply doesn't travel well elsewhere, the rise of far-left politics has become uncomfortably intertwined with rising antisemitism, pro-Israel Democrats may soon find themselves politically homeless, and the real test will be whether progressives can win anywhere outside their urban strongholds. It all amounts, Chuck says, to a genuine fight for the heart and soul of the Democratic Party. He closes with a heartfelt remembrance of former Federal Reserve Chairman Alan Greenspan, who passed away at 100 — recalling a man who always grounded his opinions in data, and what a personal treat it was to have known him. Oklahoma City Mayor David Holt — the popular Republican who has won all three of his mayoral elections with at least 60% of the vote — joins the Chuck Toddcast to make an impassioned and deeply substantive case for pluralism as the foundation of the entire American experiment. Holt, who recently gave a notable speech on the subject, argues that the American system was fundamentally built on the acceptance of pluralism and the idea that compromise should produce something "good enough" rather than perfect for any single faction — and that the founders gave us a pretty good system specifically designed to channel disagreement away from political violence. The problem, Holt argues, is that the system is now actively making compromise harder. He points to closed partisan primaries as a central culprit: because he faces all voters rather than a narrow partisan base, he's incentivized to build consensus, but most candidates today are forced to pass bizarre litmus tests with base voters and campaign on culture-war messaging rather than the bread-and-butter issues people actually care about. The conversation broadens into the structural and cultural threats Holt sees to a pluralistic society. He argues this era has revealed the long-ignored flaws in American democracy — that we've all taken the system for granted — and makes the case that getting rid of closed partisan primaries, sometimes through ballot initiatives, is one of the most important reforms available, provided it's done in a way that doesn't simply flip parties or states for partisan advantage but instead empowers minority-party voters to act as genuine swing votes. Holt is sharp on education's role in all of this: he worries that the voucherization of schools and the explosion of private schools risk teaching kids in ideological monocultures, and laments the erosion of civics education over the past two decades, noting that public schools deliberately deemphasized social studies after No Child Left Behind. He and Chuck dig into whether pluralism can even be taught or whether it has to be lived in a genuinely diverse place, the difficulty of having a nuanced public conversation about AI data centers, and the housing crisis that Holt argues is not getting nearly enough attention from either the national media or Washington — closing with a concrete look at what a federal housing bill would actually mean for a fast-growing city like Oklahoma City. Finally, skip the reflecting pool… Chuck presents his ToddCast Top 5 list of his favorite Washington D.C. monuments & answers listeners’ questions in the Ask Chuck segment. Link in bio or go to https://getsoul.com & enter code TODDCAST for 30% off your first order. 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/chuck. Application times may vary. Rates may vary. Refresh your wardrobe with Quince. Go to https://Quince.com/chuck for free shipping on your order and 365-day returns. Take your personal data back with Incogni! Use code CHUCKTODDCAST at the link below and get 60% off an annual plan: https://incogni.com/chucktoddcast Timeline: (Timestamps may vary based on advertisements) 00:00 Chuck Todd’s introduction 04:00 Mamdani backed DSA candidates sweep in NY primaries 06:00 Democratic socialists could become the far left equivalent of Freedom Caucus? 06:45 Chuck Schumer likely couldn’t win any Democratic primary in New York 07:30 Dan Goldman lost his primary handily 09:45 Schumer shouldn’t run again, but politicians rarely walk away 10:30 It was a bad night for Hakeem Jeffries, would he survive a primary? 13:30 The left has learned that you can make life miserable for the establishment 15:00 The smaller the Dems majority, the more pressure the left can apply in Congress 15:45 Hakeem Jeffries may not have a clear path to the speakership 17:00 Democrats will have to govern differently if the majority is narrow 19:00 The far left politics play on the coasts, but can it win elsewhere? 21:45 The socialist label doesn’t travel well outside the left leaning cities 23:30 Far-left politics has become intertwined with rise of antisemitism 24:45 Pro-Israel Democrats could become politically homeless 25:45 Big test will be if progressive can win elsewhere 27:45 There’s a real fight for the heart and soul of the Democratic party29:00 Alan Greenspan passes away at the age of 100 30:30 Greenspan always grounded his opinions in data 33:15 It was a treat to know Alan Greenspan personally 41:45 Mayor David Holt joins the Chuck ToddCast 42:30 Was the city in mourning after the OKC Thunder lost? 44:15 Are San Antonio and OKC set to become rival cities? 46:15 The mayor gave a speech about the importance of pluralism 47:00 The American experiment is based on the acceptance of pluralism 47:45 Compromise should result in “good enough”, not perfect for anybody 49:15 The founders gave us a pretty good system to avoid political violence 51:30 Nowadays, the system is making compromise harder 52:15 OKC’s politics mirror the country, went 49-48 for Trump in ‘24 53:45 Won all three mayoral elections with at least 60% of the vote 54:30 Mayor faces all voters rather than closed partisan primaries 55:45 Electoral system needs to incentivize consensus building 57:30 Candidates used to campaign on their ability to work across the aisle 59:00 Messaging from gubernatorial candidates are not bread & butter issues 01:00:15 Candidates are forced to pass bizarre litmus tests with base voters 01:02:15 Can you teach pluralism, or do you have to live in a diverse place? 01:04:00 There are always opposing views that exist even in highly red/blue areas 01:06:15 This era has revealed the flaws/weaknesses of our democracy 01:07:15 We’ve all taken our system for granted 01:07:45 We have to get away from closed partisan primaries 01:09:45 How do you convince parties in power to open up primaries to more voters? 01:10:45 Some states can get rid of partisan primaries via ballot initiatives 01:12:30 The process shouldn’t flip parties or states 01:14:15 Voters in the minority should act as swing votes 01:16:30 Voucherization of schools can lead kids to learning in a monoculture 01:18:00 There’s been explosion in the creation of private schools 01:19:45 There’s been an erosion in civics education the past two decades 01:21:15 Public schools deemphasized social studies after No Child Left Behind 01:23:30 Can the electorate have a nuanced conversation around AI data centers? 01:25:15 Hard for elected officials to go against the NIMBY crowd 01:25:45 Politicians have to argue for the positive trade offs 01:27:00 Bringing in tech and investment used to be good politics, it’s not with data centers 01:27:30 Housing is the issue that’s not getting enough attention from media & DC 01:28:30 What would the housing bill do for you in OKC? 01:29:45 Chuck’s thoughts on the interview with Mayor David Holt 01:32:00 ToddCast Top 5 list 01:33:30 Top 5 historical attractions in Washington DC 01:35:45 Honorable Mention - Mount Vernon 01:37:15 #5 The World War I Memorial 01:38:45 #4 Albert Einstein Memorial 01:40:30 #3 Arlington National Cemetery 01:43:00 #2 Korean War Memorial 01:44:15 #1 Vietnam Veterans Memorial 01:47:15 Ask Chuck 01:47:30 Thoughts on the predictions Trump might not finish his term? 01:56:15 Do leaders rise due to the political moment, or do they make the history? 02:03:00 Does George W Bush’s “go shopping” mindset say something about boomers? 02:09:15 Where would you rank the Iran war amongst top presidential blunders? 02:18:45 Why can’t the country ever deal with long term crises in advance? 02:23:15 How do you manage to juggle your busy schedule? 02:27:15 Does Trump’s leadership style hurt the ability to make peace?See omnystudio.com/listener for privacy information.

Chuck Todd breaks down a seismic primary night in New York, where Mamdani-backed Democratic Socialist candidates swept their races — and argues the DSA may be on the verge of becoming the far-left equivalent of the Freedom Caucus, a small but disciplined faction capable of making the establishment's life genuinely miserable. The most stunning data point: Chuck argues Chuck Schumer likely couldn't win a Democratic primary anywhere in New York right now, that Dan Goldman lost his primary handily, and that while Schumer clearly shouldn't run again, politicians rarely walk away on their own. It was also a quietly bad night for Hakeem Jeffries, and Chuck raises the genuinely open question of whether Jeffries would even survive a primary challenge — and whether he still has a clear path to the speakership if Democrats take the House. The strategic lesson the left has internalized, Chuck argues, is that the smaller the Democratic majority, the more leverage a committed progressive bloc can apply, which means Democrats may have to govern in a fundamentally different way than their leadership wants. But Chuck repeatedly returns to the central tension: this brand of far-left politics plays beautifully in coastal cities but the socialist label simply doesn't travel well elsewhere, the rise of far-left politics has become uncomfortably intertwined with rising antisemitism, pro-Israel Democrats may soon find themselves politically homeless, and the real test will be whether progressives can win anywhere outside their urban strongholds. It all amounts, Chuck says, to a genuine fight for the heart and soul of the Democratic Party. He closes with a heartfelt remembrance of former Federal Reserve Chairman Alan Greenspan, who passed away at 100 — recalling a man who always grounded his opinions in data, and what a personal treat it was to have known him. Finally, skip the reflecting pool… Chuck presents his ToddCast Top 5 list of his favorite Washington D.C. monuments & answers listeners’ questions in the Ask Chuck segment. Link in bio or go to https://getsoul.com & enter code TODDCAST for 30% off your first order. 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/chuck. Application times may vary. Rates may vary. Refresh your wardrobe with Quince. Go to https://Quince.com/chuck for free shipping on your order and 365-day returns. Take your personal data back with Incogni! Use code CHUCKTODDCAST at the link below and get 60% off an annual plan: https://incogni.com/chucktoddcast Timeline: (Timestamps may vary based on advertisements) 00:00 Chuck Todd’s introduction 04:00 Mamdani backed DSA candidates sweep in NY primaries 06:00 Democratic socialists could become the far left equivalent of Freedom Caucus? 06:45 Chuck Schumer likely couldn’t win any Democratic primary in New York 07:30 Dan Goldman lost his primary handily 09:45 Schumer shouldn’t run again, but politicians rarely walk away 10:30 It was a bad night for Hakeem Jeffries, would he survive a primary? 13:30 The left has learned that you can make life miserable for the establishment 15:00 The smaller the Dems majority, the more pressure the left can apply in Congress 15:45 Hakeem Jeffries may not have a clear path to the speakership 17:00 Democrats will have to govern differently if the majority is narrow 19:00 The far left politics play on the coasts, but can it win elsewhere? 21:45 The socialist label doesn’t travel well outside the left leaning cities 23:30 Far-left politics has become intertwined with rise of antisemitism 24:45 Pro-Israel Democrats could become politically homeless 25:45 Big test will be if progressive can win elsewhere 27:45 There’s a real fight for the heart and soul of the Democratic party29:00 Alan Greenspan passes away at the age of 100 30:30 Greenspan always grounded his opinions in data 33:15 It was a treat to know Alan Greenspan personally 38:15 Chuck’s thoughts on the interview with Mayor David Holt 40:30 ToddCast Top 5 list 42:00 Top 5 historical attractions in Washington DC 44:15 Honorable Mention - Mount Vernon 45:45 #5 The World War I Memorial 47:15 #4 Albert Einstein Memorial 49:00 #3 Arlington National Cemetery 51:30 #2 Korean War Memorial 52:45 #1 Vietnam Veterans Memorial 55:45 Ask Chuck 56:00 Thoughts on the predictions Trump might not finish his term? 01:04:45 Do leaders rise due to the political moment, or do they make the history? 01:11:30 Does George W Bush’s “go shopping” mindset say something about boomers? 01:17:45 Where would you rank the Iran war amongst top presidential blunders? 01:27:15 Why can’t the country ever deal with long term crises in advance? 01:31:45 How do you manage to juggle your busy schedule? 01:35:45 Does Trump’s leadership style hurt the ability to make peace?See omnystudio.com/listener for privacy information.

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.

Today's top stories, with context, in just 15 minutes.On today's podcast:1) Iran said $12 billion of its frozen funds were set to be released as part of ongoing talks with the US, with the two sides broadly signaling progress in negotiations to formally end their war. The unfreezing of funds — as well as the US waiving sanctions on Iranian oil exports and pledging to help set up a $300 billion rehabilitation fund for Iran — has provoked criticism of President Trump. The US and Iran have agreed to set up technical working groups to deal with issues such as unwinding sanctions on the Islamic Republic and curbing its enrichment of uranium.2) Keir Starmer resigned as UK prime minister after two years in office, and the UK could be set for a quick transition to a new premiership as rivals t o frontrunner Andy Burnham stand aside. Burnham was sworn in as an MP, with the former mayor of Manchester positioned to become Labour’s next leader. The coming switch means the UK will soon have its seventh prime minister in the 10 years since the Brexit vote. Burnham could potentially become prime minister by July 17 if he faces no challengers3) Tributes to former Federal Reserve Chairman Alan Greenspan poured in after the news of his death early Monday, with many describing him as a driving force for change at the Fed and a guiding light for investors. Greenspan's former colleagues credit him for ensuring the central bank remained focused on inflation, spotting the impact of a productivity boom in the 1990s and shaking up how the Fed communicates. Greenspan's legacy is clouded by the 2008-09 global financial crisis, with critics saying he missed the build-up of a housing bubble that ultimately caused the worst economic downturn since the Great Depression.See 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.

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.

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.

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.

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

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

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

Long-time former Fed Chair Alan Greenspan passes away at the age of 100. Marley Kayden recaps his legacy as the FOMC goes through new changes under Kevin Warsh. In equity movers, she talks about Meta Platforms (META) expanding Instagram's TV app and how it likely correlates to a sell-off in Netflix (NFLX).======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Rachel Ziemba examines Alan Greenspan's legacy and the Fed's current policy challenges in a supply shock-driven environment. She highlights the impact of fiscal spending, the disconnect between oil prices and rising rate expectations, and persistent inflation pressures. Ziemba also warns of volatility ahead in the oil market, with U.S. negotiations and Iranian oil waivers adding further uncertainty.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

From Wall Street to Main Street, the latest on the markets and what it means for your money. Updated regularly on weekdays, featuring CNBC expert analysis and sound from top business newsmakers. Anchored by CNBC's Jill Schneider. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

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

En el episodio de hoy Valentina Orduz y Juan Manuel de los Reyes, hablaron sobre Alan Greenspan, el economista que dirigió la Reserva Federal estadounidense durante casi dos décadas y falleció a los 100 años. En Medio Oriente, Estados Unidos e Irán firmaron recientemente un memorando de paz que incluye la apertura del Estrecho de Ormuz, con implicaciones directas para los mercados energéticos. En Colombia, el candidato de derecha Abelardo de la Espriella se impuso en la segunda vuelta presidencial ante el senador Iván Cepeda en una elección que redefine el rumbo político y económico del país. Y en Reino Unido, Keir Starmer dimitió como primer ministro, convirtiéndose en el séptimo jefe de Gobierno británico en apenas diez años. Cuatro eventos que sacuden el tablero global.

Reflection from Elizabeth Schulze who knows all about the legacy that Greenspan left behind. The ABC News correspondent joined Vineeta on the WCCO Morning News.

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

Stephen Grootes speaks to David Shapiro, market watcher from Otto 1890, about the life and legacy of former US Federal Reserve chair Alan Greenspan, who was widely seen as one of the most influential central bankers of his era, and what his leadership at the US Federal Reserve meant for global market The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.    Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa     Follow us on social media   702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702   CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

Hour 3 of the Bob Rose Show, on the death of former Fed Chair and noted economist Alan Greenspan, and influences including Ayn Rand. Social justice warriors still pressuring companies and entities like Major League Baseball, and players are revolting for being penalized by leaders. Keeping political and social issues out of entertainment, plus all of Monday morning's biggest news stories for 6-22-26.

Reflection from Elizabeth Schulze who knows all about the legacy that Greenspan left behind. The ABC News correspondent joined Vineeta on the WCCO Morning News.

Die KI-Rally eskaliert: SK Hynix, Marvell Technology, KLA, Fujikura und WhiteFiber steigen scheinbar unaufhaltsam. Doch sind diese KI-Aktien noch fair bewertet – und woher sollen die nächsten Kursgewinne kommen? Willkommen bei „Das Briefing“ – DER wöchentlichen Börsensendung für deutsche Privatanleger, jeden Samstag. In dieser Ausgabe analysiere ich, was Bewertungen, Unternehmensgewinne, Zinsen und Geopolitik für den Aktienmarkt bis zum Jahresende bedeuten. Wie weit können DAX, S&P 500 und Nasdaq noch steigen – und wann wird aus der KI-Euphorie gefährlicher Größenwahn? Wir rechnen nach: Welche Erwartungen sind bereits in den Kursen von SK Hynix, Marvell, KLA, Fujikura und WhiteFiber enthalten? Rechtfertigt das Gewinnwachstum die hohen Bewertungen? Und was müsste passieren, damit die Kurse auch von diesem Niveau aus weiter steigen? Außerdem sorgt Kevin Warsh mit seinem ersten großen Auftritt als neuer Fed-Chef für Verunsicherung. Seine Kommunikation erinnert viele Marktbeobachter an die Ära von Alan Greenspan. Ist Warsh ein geldpolitischer Falke, ein Pragmatiker – oder schlicht noch schwer zu durchschauen? Ich erkläre, was seine neue Linie für Aktien, Anleihen, Zinsen, Gold und den US-Dollar bedeuten könnte. Auch bei den Unternehmen gibt es deutliche Warnsignale: BMW schockiert mit einer Gewinnwarnung und einem schwächeren Ausblick. Die Accenture-Aktie bricht nach enttäuschenden Prognosen massiv ein. Handelt es sich nur um unternehmensspezifische Probleme – oder zeigen diese Abstürze, dass die Erwartungen der Anleger inzwischen zu hoch sind? Und dann ist da noch die explosive Lage im Nahen Osten: Gibt es tatsächlich eine Chance auf Frieden zwischen den USA und Iran – oder droht bereits die nächste Eskalation? Rund um die Straße von Hormus herrscht erneut Verwirrung. Gleichzeitig gibt es eine Waffenruhe zwischen Israel und der Hisbollah im Libanon, während die Ölpreise deutlich unter Druck geraten. Was bedeutet dieses Chaos für Inflation, Zinsen, Energieaktien und die Weltwirtschaft? Die wichtigsten Themen dieser Ausgabe:

Non avendo la forza per tagliare i tassi di policy, Warsh e Bessent cercano di fare scendere quelli a lungo, decisivi per i mutui. Perché Warsh, come a suo tempo Greenspan, vuole che i mercati riprendano a pensare con la loro testa e non con quella della Fed.

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

With Kevin Warsh's first meeting as Federal Reserve chair behind him, the discourse can move to what it signals for monetary policy. Bloomberg Economics Chief US Economist Anna Wong joins Ira Jersey on this edition of Macro Matters and argues that while Warsh avoided explicit forward guidance, his emphasis was on price stability, skepticism toward forecast precision and support for a shorter policy statement all point to a more hawkish lean than many investors expected.  They discuss whether Warsh is pushing the Fed back toward a more Greenspan-like communication style, why she believes the dot plot could eventually disappear in favor of broader forecast ranges, and how task forces on the balance sheet, inflation and data reliability could shape future policy debates. They also examine the outlook for inflation and the labor market, why Wong sees a rate hike this year as a mistake given her expectation for headline and core PCE to fall back toward target, and how Bloomberg Intelligence views current SOFR futures pricing as internally inconsistent. The episode closes with a discussion of the global backdrop, including softer oil prices, tighter policy abroad and the implications for the dollar and the US disinflation outlook. The Macro Matters podcast is part of BI's FICC Focus series.

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.

Is wholesale distribution entering its most disruptive era yet?In this episode of Around the Horn in Wholesale Distribution, Kevin Brown, Tom Burton, and Mark  Gilham of Enable unpack the forces reshaping the B2B supply chain: inflation measurement debates, Federal Reserve strategy, tariff refund accounting risks, buying group consolidation, maritime trade choke points, and the growing influence of AI on distributor–manufacturer relationships. This episode explores how data-driven decision making is shifting the industry from relationship-based instinct to AI-powered commercial intelligence, and what that means for distributors, manufacturers, CFOs, and industry leaders.What You'll Learn:The difference between core inflation vs trimmed average inflation, and why the metric matters for CFO planning, pricing strategy, and capital investment decisionsHow a more flexible Federal Reserve approach impacts interest rate modeling, debt refinancing, and working capital strategy in wholesale distributionWhy tariff refunds create accounting, tax, and downstream pricing pressure, and how distributors and manufacturers should prepareThe real impact of global maritime choke points like the Strait of Hormuz, Suez Canal, Panama Canal, and South China Sea on supply chain resilienceWhy buying groups like Evergreen are consolidating, and how rebate economics drive churn and competitive pressureHow AI could disrupt traditional distributor–manufacturer relationships by prioritizing margin analytics, pricing optimization, and product substitution models over loyaltyEpisode Highlights:03:22 – Mark  Gilham explains how Enable connects manufacturers and distributors through rebate and pricing intelligence11:45 – Core inflation vs trimmed average inflation: what's the difference and why does it matter for distributors?24:41 – A Greenspan-style Fed strategy: how rate uncertainty changes business forecasting42:30 – Tariff refund accounting risks and downstream pricing pressure across the supply chain57:45 – The six global maritime choke points and why “just-in-time” models increase fragility1:00:41 – Why Evergreen shut down and what buying group consolidation means for distributors1:14:42 – Manufacturers' growing concern: will AI override decades of channel relationships?1:23:48 – “It all depends on the brief the AI has.” How AI configuration shapes profitability and channel outcomesMeet the Guest:Mark  Gilham is a former distributor CFO and now a leader at Enable, a pricing and rebate management platform focused on helping manufacturers and distributors trade more intelligently in the B2B ecosystem. His expertise bridges finance, pricing strategy, rebate optimization, and AI-driven commercial execution.Tools, Frameworks, and Strategies Mentioned:Enable Rebate Management and Pricing IntelligenceLeadSmart Enterprise Growth PlatformRevenue Expander white space analyticsPrediction market data modeling for interest rate forecastingAI-driven commercial optimization and margin normalization modelsClosing Insight:“Future decisions are not going to be made based on a relationship. They're going to be made based on what the AI model tells the distributor.”As wholesale distribution evolves, the competitive edge will belong to organizations that combine trusted relationships with structured data, commercial intelligence, and AI-ready infrastructure.Leave a Review: Help us grow by sharing your thoughts on the show.Learn more about the LeadSmart AI B2B Sales Platform: https://www.leadsmarttech.com/Join the conversation each week on LinkedIn Live.Want even more insight to the stories we discuss each week? Subscribe to the Around The Horn Newsletter.You can also hear the podcast and other excellent content on our YouTube Channel.Follow us on Facebook, Twitter, Instagram, or TikTok.

Between the Iran war, high gas prices, and wobbly jobs numbers, central bankers have plenty to worry about. But some see a light on the horizon: artificial intelligence. AI could lead to abundant production and lower prices, allowing the Fed to lower interest rates, and boost the economy – or so the theory goes. But how will we know if AI is boosting productivity? And what happens if the AI advocates promising an economic transformation are wrong? Soumaya is joined by Austan Goolsbee, head of the Chicago Federal Reserve, to discuss these questions and more. Soumaya and Austan also analyse how Fed chair nominee, Kevin Warsh, might change the central bank; and how Austan feels about Jay Powell's plans to stick around.The inaugural FT Weekend Festival in New York City is fast approaching, with a line-up featuring Paul Krugman, Martin Wolf, Gillian Tett, and plenty more. Join on Saturday, June 20, at Spring Studios or online. Register now and as a podcast listener, save 10% using our code FTPODCAST.Further reading:AI boom poised to be ‘massively disinflationary', Northern Trust saysUS economy grows at 2% pace in first quarter as AI boom fuels investment The real Greenspan lesson for Warsh on inflationProduced by Mischa Frankl-Duval with original music from Breen Turner and sound design by Sam Giovinco. The senior producers are Edwin Lane and Michela Tindera. The FT head of audio is Cheryl Brumley.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

HE FOUND PURPOSE IN THE PAIN, Interview with Andrew Ace Greenspan. In this inspiring special episode of the Take 12 Recovery Radio Show, musician and recovery recording artist Andrew Ace Greenspan shares his journey through chronic pain, addiction, and mental health challenges. Discover how hope, music, and community support can transform lives and foster resilience. Andrew shares original music, The Sponsor Song and Beautiful. Visit: Andrew Ace Greenspan | OFFICIAL SITE - MusicianKey  Topics• Chronic neurological pain and medication dependence• The role of spirituality and hope in recovery• The importance of community support and sponsorship• Music as a tool for healing and self-expression• Living on the autism spectrum and raising awareness#recovery #alcoholic #twelvesteps #wedorecover  #addiction  #thespectrum  #autism #autismawareness #autismacceptance 

Dan Greenspan joins host Jesse Cohen to help crown a King of the Week and recap the twenty-fifth week of the 2025-26 season. The pair discuss the three games the Kings played in the past week. The Kings are went 1-1-1 in games against Calgary, Vancouver and Utah.

Brookes Barrack⁠ is a Speech-Language Pathologist and ⁠DIRFloortime® Expert Training Leader⁠ who has a clinic just outside of Kansas City, Kansas with Occupational Therapist ⁠Emily Tritz⁠ called ⁠Kansas City Developmental Therapies⁠ where they offer ⁠DIR® services⁠. This summer they became an official ⁠accredited DIR® Organization⁠. She originally trained in Floortime at "the Bunker" with Drs. Greenspan and Wieder in Washington, D.C. and in ⁠the PLAY Project⁠ with Dr. Rick Solomon at his home. This episode we are discussing Gestural development : The D, the I, and the R.Link to the show notes with links to key discussion points and other ways to view or hear the episode here: ⁠https://affectautism.com/2024/09/27/gestures/⁠Consider joining our DIR® Parent Network or becoming an Affect Autism member for bonus content and support from a like-minded community of Floortimers here: ⁠⁠⁠https://affectautism.com/support/

K.C. Keeler talked this week about how and when the staff might select a starting quarterback, and placekicker Carl Hardin spoke about his approach to the position as he enters his second season as the starter. Is Peter Clarke more likely to catch 50 passes than Keveun Mason is to rush for 700 yards this season? That's one of five ‘this or that?' scenarios we threw at the staff on this week's podcast, brought to you each week by Greenspan & Greenspan Injury Lawyers.  Intro: 0:00 – 6:50 More on the Jaxon Smolik-Ajani Sheppard QB battle: 6:50 – 16:36 Special teams report and Carl Hardin interview: 16:36 – 24:26 A Temple football and hoops version of ‘This or that?': 24:26 – 57:18 Mailbag: 57:18 – end

Original Release Date: Feb 6, 2026Our Global Head of Fixed Income Research Andrew Sheets and Global Chief Economist Seth Carpenter unpack the inner workings of the Federal Reserve to illustrate the challenges that Fed chair nominee Kevin Warsh may face.Read more insights from Morgan Stanley.----- Transcript -----Andrew Sheets: Welcome to Thoughts on the Market. I'm Andrew Sheets, Global Head of Fixed Income Research at Morgan Stanley. Seth Carpenter: And I'm Seth Carpenter, Morgan Stanley's Global Chief Economist and Head of Macro Research. Andrew Sheets: And today on the podcast, a further discussion of a new Fed chair and the challenges they may face. It's Friday, February 6th at 1 pm in New York. Seth, it's great to be here talking with you, and I really want to continue a conversation that listeners have been hearing on this podcast over this week about a new nominee to chair the Federal Reserve: Kevin Warsh. And you are the perfect person to talk about this, not just because you lead our economic research and our macro research, but you've also worked at the Fed. You've seen the inner workings of this organization and what a new Fed chair is going to have to deal with. So, maybe just for some broad framing, when you saw this announcement come out, what were some of the first things to go through your mind? Seth Carpenter: I will say first and foremost, Kevin Warsh's name was one of the names that had regularly come up when the White House was providing names of people they were considering in lots of news cycles. So, I think the first thing that's critically important from my perspective, is – not a shock, right? Sort of a known quantity. Second, when we think about these really important positions, there's a whole range of possible outcomes. And I would've said that of the four names that were in the final set of four that we kept hearing about in the news a lot. You know, some differences here and there across them, but none of them was substantially outside of what I would think of as mainstream sort of thinking. Nothing excessively unorthodox at all like that. So, in that regard as well, I think it should keep anybody from jumping to any big conclusions that there's a huge change that's imminent. I think the other thing that's really important is the monetary policy of the Federal Reserve really is made by a committee. The Federal Open Market Committee and committee matters in these cases. The Fed has been under lots of scrutiny, under lots of pressure, depending on how you want to put it. And so, as a result, there's a lot of discussion within the institution about their independence, making sure they stick very scrupulously to their congressionally given mandate of stable prices, full employment. And so, what does that mean in practice? That means in practice, to get a substantially different outcome from what the committee would've done otherwise… So, the market is pricing; what's the market pricing for the funds rate at the end of this year? About 3.2 percent. Andrew Sheets: Something like that. Yeah. Seth Carpenter: Yeah. So that's a reasonable forecast. It's not too far away from our house view. For us to end up with a policy rate that's substantially away from that – call it 1 percentage, 2 percentage points away from that. I just don't see that as likely to happen. Because the committee can be led, can be swayed by the chair, but not to the tune of 1 or 2 percentage points. And so, I think for all those reasons, there wasn't that much surprise and there wasn't, for me, a big reason to fully reevaluate where we think the Fed's going. Andrew Sheets: So let me actually dig into that a little bit more because I know our listeners tune in every day to hear a lot about government meetings. But this is a case where that really matters because I think there can sometimes be a misperception around the power of this position. And it's both one of the most public important positions in the world of finance. And yet, as you mentioned, it is overseeing a committee where the majority matters. And so, can you take us just a little bit inside those discussions? I mean, how does the Fed Chair interact with their colleagues? How do they try to convince them and persuade them to take a particular course of action? Seth Carpenter: Great question. And you're right, I sort of spent a bunch of time there at the Fed. I started when Greenspan was chair. I worked under the Bernanke Fed. And of course, for the end of that, Janet Yellen was the vice chair. So, I've worked with her. Jay Powell was on the committee the whole time. So, the cast of characters quite familiar and the process is important. So, I would say a few things. The chair convenes the meetings; the chair creates the agenda for the meeting. The chair directs the staff on what the policy documents are that the committee is going to get. So, there's a huge amount of influence, let's say, there. But in order to actually get a specific outcome, there really is a vote. And we only have to look back a couple weeks to the last FOMC meeting when there were two dissents against the policy decision. So, dissents are not super common. They don't happen at every single meeting, but they're not unheard of by any stretch of the imagination either. And if we go back over the past few years, lots going on with inflation and how the economy was going was uncertain. Chair Powell took some dissents. If we go back to the financial crisis Chair Bernanke took a bunch of dissents. If we go back even further through time, Paul Volcker, when he was there trying to staunch the flow of the high inflation of the 1970s, faced a lot of resistance within his committee. And reportedly threatened to quit if he couldn't get his way. And had to be very aggressive in trying to bring the committee along. So, the chair has to find a way to bring the committee along with the plan that the chair wants to execute. Lots of tools at their disposal, but not endless power or influence. Does that make sense? Andrew Sheets: That makes complete sense. So, maybe my final question, Seth, is this is a tough job. This is a tough job in… Seth Carpenter: You mean your job and my job, or… Andrew Sheets: [Laughs] Not at all. The chair of the Fed. And it seems especially tricky now. You know, inflation is above the Fed's target. Interest rates are still elevated. You know, certainly mortgage rates are still higher than a lot of Americans are used to over the last several years. And asset prices are high. You know, the valuation of the equity market is high. The level of credit spreads is tight. So, you could say, well, financial conditions are already quite easy, which can create some complications. I am sure Kevin Warsh is receiving lots of advice from lots of different angles. But, you know, if you think about what you've seen from the Fed over the years, what would be your advice to a new Fed chair – and to navigate some of these challenges? Seth Carpenter: I think first and foremost, you are absolutely right. This is a tough job in the best of times, and we are in some of the most difficult and difficult to understand macroeconomic times right now. So, you noted interest rates being high, mortgage rates being high. There's very much an eye of the beholder phenomenon going on here. Now you're younger than I am. The first mortgage I had. It was eight and a half percent. Andrew Sheets: Hmm. Seth Carpenter: I bought a house in 2000 or something like that. So, by those standards, mortgage rates are actually quite low. So, it really comes down to a little bit of what you're used to. And I think that fact translates into lots of other places. So, inflation is now much higher than the committee's target. Call it 3 percent inflation instead core inflation on PCE, rather than 2 percent inflation target. Now, on the one hand that's clearly missing their target and the Fed has been missing their target for years. And we know that tariffs are pushing up inflation, at least for consumer goods. And Chair Powell and this committee have said they get that. They think that inflation will be temporary, and so they're going to look through that inflation. So again, there's a lot of judgment going on here. The labor market is quite weak. Andrew Sheets: Hmm. Seth Carpenter: We don't have the latest months worth of job market data because of the government shutdown; that'll be delayed by a few days. But we know that at the end of last year, non-farm payrolls were running well below 50,000. Under most circumstances, you would say that is a clear indication of a super weak economy. But! But if we look at aggregate spending data, GDP, private-domestic final purchases, consumer spending, CapEx spending. It's actually pretty solid right now. And so again, that sense of judgment; what's the signal you're going to look for? That's very, very difficult right now, and that's part of what the chair is going to have to do to try to bring the committee together, in order to come to a decision. So, one intellectually coherent argument is – the main way you could get strong aggregate demand, strong spending numbers, strong GDP numbers, but with pretty tepid labor force growth is if productivity is running higher and if productivity is going higher because of AI, for example, over time you could easily expect that to be disinflationary. And if it's disinflationary, then you can cut it. Interest rates now. Not worry as much as you would normally about high inflation. And so, the result could be a lower path for policy rates. So that's one version of the argument that I suspect you're going to hear. On the other hand, inflation is high and it's been high for years. So what does that mean? Well. History suggests that if inflation stays too high for too long, inflation psychology starts to change the way businesses start to set. Andrew Sheets: Mm-hmm. Seth Carpenter: Their own prices can get a little bit loosey-goosey. They might not have to worry as much about consumers being as picky because everybody's got used to these price changes. Consumers might be become less picky because, well, they're kind of sick of shopping around. They might be more willing to accept those higher prices, and that's how things snowball. So, I do think that the new chair is going to face a particularly difficult situation in leading a committee in particularly challenging times. But I've gone on for a long, long time there. And one of the things that I love about getting to talk to you, Andrew, is the fact that you also talked to lots of investors all around the world. You're based in London. And so when the topic of the new Fed chair comes up, what are the questions that you're getting from clients? Andrew Sheets: So, I think that there are a few questions that stand out. I mean, I think a dominant question among investors was around the stability of the U.S. dollar. And so, you could say a good development on the back of Kevin Warsh's nomination is that the market response to that has been the price action you would associate with more stability. You've seen the dollar rise; you've seen precious metals prices fall. You've seen equity markets and credit spreads be very stable. So, I think so far everything in the market reaction is to your; to the point that you raised, you know, consistent with this still being orthodox policy. Every Fed chair is different, but still more similar than different now. I think where it gets more divergent in client opinions is just – what are we going to see from the Fed? Are we going to see a real big change in policy? And I think that this is where there are very different views of Kevin Warsh from investors. Some who say, ‘Well, he's in the past talked about fighting inflation more aggressively, which would imply tighter policy.' And he's also talked more recently about the productivity gains from AI and how that might support lower interest rates. So, I think that there's going to be a lot of interest when he starts to speak publicly, when we see testimony in front of the Senate. I think the other, the final piece, which I think again, people do not have as fully formed an opinion on yet is – how does he lead the Fed if the data is unexpected? And you know, you mentioned inflation and, you know, Morgan Stanley has this forecast that: Well, owner's equivalent rent, a really key part of inflation, might be a little bit higher than expected, which might be a distortion coming off of the government shutdown and impacts on data. But there's some real uncertainty about the inflation path over the near term. And so, in short, I think investors are going to give the benefit of the doubt. For now, I think they're going to lean more into this idea that it will be generally consistent with the Fed easing policy over time, for now. Generally consistent with a steeper curve for now. But I think there's a lot we're going to find out over the next couple of weeks and months. Seth Carpenter: Yeah. No, I agree with you. Andrew, I have to say, I'm glad you're here in New York. It's always great to sit down and talk to you. Let's do it again before too long. Andrew Sheets: Absolutely, Seth. Thanks for taking the time to talk. And to our audience, thank you as always for your time. If you find Thoughts the Market useful, let us know by leaving a review wherever you listen. And also tell a friend or colleague about us today.

Register here to attend the live virtual event "Why Central Florida is the Year's Most Compelling Housing Market" on Thursday, February 19th at 8pm Eastern. Keith explores how a shift in mindset can change the way you build wealth, why so many new landlords are entering the market, and what recent economic trends could mean for future rents.  You'll also hear how one Florida investor is navigating a changing housing landscape, and learn about a timely opportunity in one of the country's fastest‑growing real estate markets—all without needing to be a hands-on landlord. Resources: Register for the event at GREwebinars.com Episode Page: GetRichEducation.com/593 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text  1-937-795-8989 to speak with a freedom coach Will you please leave a review for the show? I'd be grateful. Search "how to leave an Apple Podcasts review"  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— GREletter.com  Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Keith Weinhold  0:01   Welcome to GRE. I'm your host. Keith Weinhold, the risk of delayed gratification is denied gratification. There's a new wave of landlords. Wages are rising faster than both inflation and home prices. Learn what that's going to mean for rents. Hear the voices of five different Federal Reserve chairs, then GRE announces our biggest event of the year, and you're invited today on get rich education.   Corey Coates  0:32   Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors and delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests include top selling personal finance author Robert Kiyosaki, get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast or visit get rich education.com   Keith Weinhold  1:16   mid south home buyers, with over two decades is the nation's highest rated turnkey provider, their empathetic property managers use your return on investment as their North Star. It's no wonder smart investors line up to get their completely renovated income properties like it's the newest iPhone headquartered in Memphis, with their globally attractive cash flows, mid south has an A plus rating with the Better Business Bureau and 4000 houses renovated, there is zero markup on maintenance. Let that sink in, and they average a 98.9% occupancy rate with an industry leading three and a half year average renter term. Every home they offer you will have brand new components, a bumper to bumper, one year warranty, new 30 year roofs. And wait for it, a high quality renter in an astounding price range, 100 to 150k GET TO KNOW mid south enjoy cash flow from day one at mid southhomebuyers.com that's mid southhomebuyers.com   Corey Coates  2:19   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  2:35   Welcome to GRE from the Adriatic Sea to the Atlantic Ocean and across 188 nations worldwide, I'm Keith Weinhold, and this is get rich education. Sometimes we all need a mindset reset, and this can include me. Sometimes. James clear, the author of atomic habits, says there are four types of wealth, financial wealth, which is money, social wealth, which is status, time, wealth which is freedom, and physical wealth, which is health. Be wary of jobs that seduce you with one and two but rob you of three and four. That is to say, be careful with jobs that seduce you with financial and social wealth but rob you of time and physical wealth that is definitely going to happen to you during your life, especially early in your working career. But many people, even most people, they don't do much about this. They just go on and on, selling their soul to their employer for decades. Sometimes paychecks aren't compensation. They're a bribe from an employer to give up your dreams early in your career, delayed gratification actually makes some sense, because you need capital formation, you need down payments, you need dry powder. That is totally fair and the time in your life for delayed gratification. But there's a point that most people miss, the point where delayed gratification quietly mutates into denied gratification. This is huge. Most people miss this inflection point. When is this point in your life? That's when I'll do it later becomes, well, I guess I never did it at all. They look up at what they've got at age 65 and realize that they have a respectable title. They still wear Dockers pants. They have a 401, K that they must start paying tax on, and knees that creak louder than. The front door. Compound Interest hardly outpaces taxes and inflation. That's just going to keep you in one spot, you know, and you're never going to get that time back. There is no do over there. So you need to get to the point where you can be more frugal with your time than your money. Younger people have a harder time adopting this mindset, and that's a little natural, because they have more time and less money. Sooner than later, you must desperately get financially free so that you can simply be your self workaholics, optimize income instead of assets, and you can't let that happen, because labor does not compound and capital does compound, your quality of life will exceed your cost of living when your life is funded by what you own, not by what you do that takes a different mindset. You can either be a conformer or you can build wealth when you invest in real estate that pays five ways. It's like what you're doing is buying future Tuesdays, where you never have to work again and then later, add on future Wednesdays, where you never have to work again because you got the compound leverage instead of the impotent compound interest. I mean, just consider your two and a half million dollar portfolio that is passively doing the same work as someone who sells 40 to 50 hours a week of their life away for 100k in yearly salary. All right, maybe you're thinking, Oh, that all sounds thought provoking, but if you're not engaged on that, it can sound airy and philosophical and even risky. It's sort of like, yeah, you're cueing the acoustic guitar music and slow motion images of someone pensively gazing at a sunset.   Keith Weinhold  7:12   All right, what is the concrete plan? It's not all about mindset. It only starts with mindset. You got to make that actionable. Well, we constantly provide concrete plans for you here on this show, and I've got another concrete plan for you toward the end of the show today. This harkens back to what I discussed with you seven weeks ago, seven episodes ago on the show. That's when I discussed the world's first billionaire, John D Rockefeller and his enduring quote from about 100 years ago, he who works all day has no time to make money. Yeah, that's the quote a little review. What you learned seven episodes ago is that Rockefeller meant, if you spend your life doing tasks, you're never going to rise high enough to own things that pay you for life. The bottom line here is that earning a living is a distinctly different activity than building wealth. That's what we're talking about here.    Keith Weinhold  8:14   Well, there is a new wave of landlords entering the market, and they are reshaping what owning rentals looks like. One survey by rental platform avail of nearly 2000 users. It's really influential. It found that 53% of landlords became landlords in the last five years. So you have a lot of new landlords with the most 17% of landlords entering the market in just the last year, most purchased a property specifically to rent it out, and 1/3 sort of backed into this business by renting out their former residence. Of course, some people want to rent out their former residence today, if they got locked into that sexy owner occupied three and 4% financing from 2022 and earlier, the survey went on to tell us with some really good takeaways here, 72% of landlords manage between one and four units, and this avail survey. I mean, it's just another one that shows that the majority of landlords operate small portfolios, classic mom and pop investors. That one's not too surprising. The top three reasons that landlords gave for entering the rental market, they're pretty interesting. The number one reason for getting into this at 41% of respondents is building long term wealth. Next 33% for generating passive income, and the third most popular one, it's a distant third, it is preparing for retirement at 13% so building long term wealth is the number one reason for getting into this, and that is the right reason. Them when it comes to ownership structure, 64% said that they own the property individually, whether that's through a single member LLC or in their own name, doing it, yeah, individually, rather than with a family member or a business partner. So really, the summary of this terrific, recent avail landlord survey is that if you're just getting started, you're not alone. A lot of people are most own properties solely in their own name, and the number one reason for doing it is to build long term wealth. Now there's another pervasive set of economic trends out there in the broader economy, but it's really a benefit for real estate investors, and that is the fact that wage growth has now outpaced consumer price growth for three years. Yeah, another way to say that is that wage growth has outpaced inflation for fully three years. Yeah, most people just aren't feeling it yet. So you might be taken somewhat aback by that, and why aren't people feeling that wage growth is faster than inflation, the pandemic inflation spike that was so huge, it was like getting hit with a freight train, and then someone tells you, good news, the train has stopped. Yeah, that's nice. You are still lying on the tracks, rubbing your ribs. That's because we're all still absorbing spiked prices for everything from a lumber two by four to a York Peppermint Patty, year over year, wages are up 3.8% and consumer inflation is 3% All right, so wages above inflation, that means things are getting a little more affordable, but both wages and inflation have grown faster than home prices, which have only grown about one and a half percent, and this is all per the BLS in the FHFA, so wage growth Being more than double home price growth. Well, that trend really makes properties more affordable, but historically, they're still not that affordable. Everybody knows that home prices soared until about 2023 that was the turning point, and now wages are in their catch up phase. All right, but what really matters to real estate investors is, when will this wage growth translate to rent growth, historically, big rent growth that lags big home price growth by about two to four years. So you have the big home price growth, big rent growth hits two to four years later, historically. Now, if that holds true, we should finally see substantial rent growth this year or next year. Rent growth has still been pretty soft in the one to four unit space, and even there are rent decreases in the overbuilt apartment space. Future income growth promises to make homes more affordable. Affordability has already improved, with mortgage rates hovering near three year lows. There's one problem, though, that most people overlook, and that is this wage growth has been skewed toward the higher income deciles, renters, especially workforce renters, they don't feel it until later. So this 3.8% wage growth, it's heavier for higher income people, and it's lighter for lower income people. I swear, when there are enriching economic trends, it always hits the higher income people first, and it doesn't trickle down until later. So if you as an investor, are positioned before the rent wave hits, you are surfing, and if you wait to feel it, you're swimming behind the boat. Higher wages should translate to higher rents in the next one to two years. And as far as some other forces, as we all know, the man occupying the oval office in the White House, the President, he wants lower rates. The current Fed Chair isn't so willing to do that. The next one, the one he appointed, Kevin Warsh, who arrives in May. He seems more receptive to lower rates, but it's gonna take a while. It all moves so slow. We have had 16 fed chairs before worsh over 112 years. And look how much of an econ nerd Are you? Are you as bad as me? These voices are in chronological order, and I can name each speaker.   Corey Coates  14:47   You're going to have to live with the fact that forecasts have a range of uncertainty, irrational exuberance.   Corey Coates  14:54   In my opening remarks, I'd like to briefly first review today's policy decision, but   Corey Coates  14:58   first I'll review recent. Economic developments in the Outlook, and we are well positioned to wait to see how the economy evolves.   Keith Weinhold  15:06   If you can name each of those speakers, I would love to give you a free property from gremarketplace.com but I can't quite swing that in order. Those voices are Paul Volcker. He served from 1979 to 87 he was known for crushing double digit inflation by jacking rates to near 20% it was painful medicine, but it worked the next one. Alan Greenspan sir, from 1987 to 2006 that was a long reign, almost 20 years. He oversaw the 90s economic boom, the.com bubble and the early housing bubble. Years so far, Greenspan is the only Fed chair that I have met in person. Then Ben Bernanke, he was the Fed chair from 2006 to 2014 he took the helm right before the 2008 financial crisis. He rolled out QE and emergency lending on an historic scale. In fact, he was nicknamed helicopter Ben because it's like he would print so much money that he just dropped it out of huge sacks, dollar bills in huge sacks, dropping them from an airplane, metaphorically, not literally. Then Janet Yellen, 2014 to 2018 she kind of continued this post crisis normalization, and she was the first woman to chair the Fed and then, of course, Jerome Powell serving from 2018 to 2026 he navigated the covid stimulus, ultra low rates. And then after that, the fastest rate hiking cycle in decades to fight inflation back in 2022 being the Fed chair is the most important job in this economy, and over the decades, there's been more of a movement of the fed into the public eye. You just hear about them more in the media than you used to. But like I touched on last week, it just still doesn't mean as much to real estate investors as a lot of people think, people sometimes look for someone else to come save them, but it's more about you and the choices that you make that's what means more housing supply and demand means more real estate investors have profited during every one of those Fed Chair reigns, which go back almost 50 years from Volcker to today, I think everybody knows that fed chairs don't control property prices, and they don't even control long term interest rates. What's a little paradoxical is that Trump has been vocal about how he wants more affordable home prices, yet at the same time he wants existing homeowners to have their home prices go up, those two things seem to be in tension. They're in conflict with each other. The only way you can possibly get both are through lower mortgage rates. But is he going to see later today you as a GRE follower, you don't have to wait for lower rates income, property still feels less affordable than it did five years ago, because it is that's real but here's the key distinction in what makes real estate investors different from owner occupied homeowners. Affordability isn't about the price of the property, it's about whether the property pays for itself and grows your net worth while inflation does the heavy lifting. Higher prices don't kill investors. Inaction during inflation does you're not buying a say, $350,000 property. You're controlling it with $70,000 while your tenant and inflation do the rest. We do not rely on hope or appreciation. We start with income tax benefits and debt pay down and then leverage appreciation typically happens as well. GRE only succeeds when investors close on properties that perform long term. One bad referral costs us years of trust, so we don't do that. The best question for you really isn't whether property is affordable. The question is whether owning an investment property is better than inflation compounding against you. That's the investor lens today.    Keith Weinhold  19:24   coming up next week on the show here, we're going to discuss apartments. It's been a truly be leaguered sector, where their prices have fallen 2030, and 40% in many markets. We've discussed apartments here on the show a lot before, like with Grant Cardone on episode 264, with Ken McElroy, countless times with me monologuing about apartments. And next week, we're going to talk to a multifamily educator who is known as the apartment King. Later on, a future show, we've got the return of the financial. Firebrand, and lately, the financial comedian Garrett Gunderson, a powerful speaker. That's definitely going to be interesting. As for today, you'll hear a first person account from a Florida resident about why he's moved to Florida and why he invests there. You've heard of this guy before. That's next. I'm Keith Weinhold. You're listening to Episode 593, of get rich education.    Keith Weinhold  20:26   Flock homes helps you retire from real estate and landlording, whether it's one problem property or your whole portfolio, through a 721, exchange, deferring your capital gains tax and depreciation recapture, it's a strategy long used by the ultra wealthy. Now Mom and Pop landlords can 721, the residential real estate request your initial valuation, see if your properties qualify@flockhomes.com slash GRE. That's f, l, O, C, K, homes.com/G. R, E,    Keith Weinhold  21:02   you know, most people think they're playing it safe with their liquid money, but they're actually losing savings accounts and bonds don't keep up when true inflation eats six or 7% of your wealth. Every single year, I invest my liquidity with FFI freedom family investments in their flagship program. Why fixed 10 to 12% returns have been predictable and paid quarterly. There's real world security backed by needs based real estate like affordable housing, Senior Living and health care. Ask about the freedom flagship program. When you speak to a freedom coach there, and that's just one part of their family of products. They've got workshops, webinars and seminars designed to educate you before you invest. Start with as little as 25k and finally, get your money working as hard as you do. Get started at Freedom family investments.com/gre, or send a text. Now it's 1-937-795-8989, yep, text their freedom coach directly again. 1-937-795-8989,   Keith Weinhold  22:13   the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your prequel and even chat with President chailey Ridge personally. While it's on your mind, start at Ridge lending group.com that's Ridge lending group.com   Zack Lemaster  22:47   this is rental retirement Zach Lee Masters. Listen to get rich education with Keith bleinhold, and don't quit your Daydream.   Keith Weinhold  23:02   I'd like to welcome in our own in house. GRE investment coach, we haven't had you on the show since November. Welcome in Naresh.   Naresh Vissa  23:11   Kwith, It's a pleasure to be back on the show. Thanks for having me on.   Keith Weinhold  23:16   We're just playing it all casual and comfortable here in house. You were just finishing up, what ice cream or a container of something right before we got started   Naresh Vissa  23:25   here, all done with the ice cream and ready to record the podcast.   Keith Weinhold  23:29   Yeah, all right, keeping cool for our chat. Well, you know you do live in Florida, so you must have your own perspective on the Florida market. You live in the Tampa area, and the reason that that's a germane topic is that's something we've been talking about here lately as really an opportunity, and that is because most of Florida has seen some temporary property price attrition, but yet more population growth is projected. So that's why we feel like that's temporary. But why don't you tell us about what you see on the ground there?   Naresh Vissa  24:07   Keith, I've lived in Florida for 11 and a half years now. That's Tampa, Florida. I like Florida a lot. I moved here December 2014 for similar reasons that many people are moving here today. So I moved to Florida in December 2014 because of no state income tax, because of, at the time, lower cost of living. Florida was one of the states I got hit the hardest during the 2008 financial crisis, or nothing called in a real estate crisis, Florida, Arizona, those few others got hit really, really hard. So Florida at that time was still rebounding from 2008 so I moved for the affordability, the no income tax, of course, the weather better. Weather. And then most places in the Northeast I've lived so weather is a big deal when it comes to real estate and geography as well. These are all different reasons to move to Florida, and these are the reasons why I moved to Florida. I was also single in my 20s, so I was much younger at the time. I was single in my mid 20s, and Florida is very good for that too. For 20 something Gen Z folks today, Florida is definitely a place that they should consider. I moved down here and I fell in love with it. From day one. I got a place living right on the water, a beach. Got beaches everywhere. Florida's tour. And I say all this because these are all enticing features of Florida, for renters, for tenants, for snowbirds. I had never even heard of what a snowbird was until I moved down to Florida, where you have people who literally live here for seven months of the year, and then they live in their home state for five months of the year. So that's generally what it is, seven months in Florida, five months in their home state, which can be the people I know personally are from New York, Connecticut, Illinois, Ohio. The list goes on and on. Basically anywhere that's north of Florida could be considered a snowbird area. So that's another reason why Florida is a very hot market. Now, obviously, during the pandemic, in end of 2020, people started moving to Florida in droves. Part of it was politically, because you didn't have the restrictions that other states had during that crazy time that we lived through. And another part of it was work from home. So similar to me, in 2014 when I became full time work from home, I wanted to move somewhere for all those different reasons that I gave you the total package, and Florida fit that there was maybe one other state that fit the bill, based on everything that I told you, probably one other state. That's it. So Florida fit the bill, and that's why I think Florida is always going to be despite the hurricane prep, Florida is always going to be a destination that people will seriously look at whether you're older, retirement age or younger. Like I said in my mid 20s, single guy Florida is always going to be that destination for all the reasons that I laid out. So with that being said, what does that mean for real estate? What that means for real estate is that there's going to be a constant supply of people coming into Florida, and when there's a constant supply of people coming into Florida, then you can expect real estate prices to at least not decline. We passed, you know, all sorts of bills, including Dodd Frank post 2008 to prevent people from taking out mortgages that they couldn't afford. So now that that's out of the way, when you have a constant supply of people who are able to afford homes, who are able to afford rents, well, that's going to be a constant supply. So that's good for investors, that's good for appreciation. It's good for cash flow. And that's why I'm a huge fan, not just of the state of Florida, but also investing in Florida. And I own real estate in Florida, and you can say that I lucked out, but I bought a property in 2019 and it nearly doubled in value, yeah, when I say doubled in value in a matter of I want to say, like, two years, two and a half years, it nearly doubled in value. So with that being said, Florida, this was a rare cyclical trend when we just saw this huge upswing, rare cyclical trend. But I don't anticipate cycles like this, where you're going to have booms and busts. Moving forward, we haven't seen a bus since 2008 like I said, the the law has been taken care of in that sense, the regulation. I love the state. I've lived in six major cities, but maybe five different states, and Florida is hands down my favorite. That's why I've lived here for what did I say? 11 and a half or 12 and a half years? I don't even remember anymore. It's actually 11 and a half. My roots are here. I now consider myself a Florida person, even more so than the state of Texas, where, which is where I spent 18 years. I have no doubt that I'll surpass 18 or 19 years in Florida, and that this is it, right here. And a major reason is because this is just such a great state. It's free, it's real estate friendly. This is for people who are looking at buying primary residences, not for investment properties. But the governor has put on the ballot this coming election cycle to remove, to abolish the property tax in the state of Florida. So if you own, if you live full time, not a snowbird, not investors, but if you live in Florida permanently, then no more property tax if the vote passes. So that's another huge plus for owning property if you're a permanent resident in Florida,   Keith Weinhold  29:57   yeah, even if the property tax is abolished. Which seems unlikely, you could just tell what the tenor and the temperature of the tax climate and the investing climate is like in Florida, if they're even spearheading such a proposal, and they're a national leader in something like property tax abolition, like they are and Naresh about eight years after you moved there, which would be, what about 2020? 2022, somewhere in there, we had that strong pandemic migration push into Florida. What's happened is that that flow has slowed down. There's still positive net in migration in there in Florida. But the builders, they got ahead of this, and the pandemic migration wave waned, and they had a temporarily overbuilt condition, and they still do now, which is one reason why we've seen prices fall somewhat in most Florida zip codes, and this spells part of the opportunity. So you do have all these new build properties, some of which are vacant, but you have a good chance they're going to get absorbed pretty soon. And there are some obvious advantages to owning new build.   Naresh Vissa  31:11   Well, Keith, there is brand new construction in Florida, like you said. The work started in 2021 and there are homes that have not been sold. I don't want to say, since they were finished building in 2021 they recently finished building in 2025 and these homes could be a variety of reasons. It could be economic related. It could be hurricane related. In Tampa, the Central Florida, we had two horrible hurricanes back to back within a 15 day period, two really bad hurricanes towards the end of 2024 September and October 2024 and people lost their homes. Renters lost their homes. Other people just were freaked out and scared and said, You know what? I don't want to deal with. I've got PTSD from these hurricanes. I'm moving up to Alabama or Georgia or Orlando, you know, somewhere in Central Florida, that's a way. But even that area, you know, the hurricane still made it through to those areas too. People just picked up and said, You know what I'm done with Florida. It's a great state, but I don't want to deal with these hurricanes. And so regardless, whatever the reason, this is a pie, and these are all slices of the pie, I don't know what's been more of a contributing factor than which one has been more than the others. But with that being said, there are tons of properties in Florida, pretty much the entire state of Florida, where, especially new construction properties, are below at the time when they were being built, they're below what they anticipated being listed as. And So Keith, we're having a special webinar this Thursday, talking about these properties because they are discounted properties. They are properties that are selling at tremendous discounts, like I said to when Ground was broken years ago. So join that webinar. Gre, webinars.com gre webinars.com. Again, brand new construction. Many of these properties already have tenants in place. Not all of them, but many of them do already have tenants in place. There are all sorts of incentives that the builder is offering. And there are many builders in that, not just this one that's going to be on the webinar, but in Florida, there are many builders who are offering discounts, rate, buy downs, other incentives, because the home values have fallen somewhat a bit. Why have the home values falling? Because the demand has fallen as well. So again, the next question people might have is, well, if the demand is falling, if home home values are falling, why would I buy the trend is downward. And the answer is, whether it's a stock or any other security, you don't necessarily want to have the FOMO to buy at an all time high, just because everyone else is buying it. And I actually have family members who bought real estate at the peak of 2022 there was FOMO and there was, hey, you know, I need to get a flip, and they're down. They bought peak 2022, and they're down today. Because, look, you can pick any housing market in the country, especially a prime state like Florida. Look at any 30 year period, and you will see that home values are up double digits, even if you look at 2009 when the housing market crashed and we reached something like 10 year bottom in housing, if you look at the 30 year period, well, if someone who bought a house in Florida in, say, 1979 was still way up on their property in 2009 30 years later, we're not buying Bitcoin here where it can go up 30% in one day or go down 30% in one day. We're talking real estate, and real estate has been proven. It's been tested. It's been proven throughout time, not even a 30 year period. I think if you take any 20 year period, you're going to see the same trend of double digit gains, double digit growth. On real estate appreciation. So I'd say, if you're skeptical about Florida, you see these home values, all these discounts, that's the first thing I hear from followers. They say, why are they offering so many discounts? I'm a little concerned about all these discounts and incentives, and I don't know if that's a good thing. Well, I say, Well, I mean, you can buy full price in another state, if you'd like, you know, in California or so you could, you're more than free to buy full price. But we're talking Florida here. We're not talking about West Virginia or Rhode Island, or, you know, Nebraska. We're talking Florida. This is still the land of Mickey Mouse and Minnie Mouse, this is the land of the best beaches in the country. I mean, they there's just no arguing or debating these facts. Florida all the reasons that I stated earlier, is going to continue to be a hot, hot market. So I highly recommend people, if you want to get in on these discounted deals, G R E, webinars.com G R E, webinars.com register for our upcoming online and live special event this Thursday evening at 8pm Eastern Time, 8pm Eastern Time, gre webinars.com you won't want to miss this free, online and live special event.   Keith Weinhold  36:25   When a pound of oranges is on sale or a pound of zucchini is on sale, consumers are often attracted to that sale. Should probably be the same way with you considering adding to your real estate portfolio, and it's funny, when oranges of zucchinis are on sale, no one tries to find fault with it and think that they're rotten inside or something like that. But somehow with real estate or an investment that tends to get scrutiny from people, but these are real discounts that you're getting over buying, say, two years ago, and we're talking about a motivated seller here. And as you know, Naresh, we had the builder on the show last week, the one that's going to be co hosting the webinar with you on Thursday, and he talked to us about buying down mortgage rates to between 3.75% and 4.25% and we're here at a time where the owner occupied rate is six to six and a quarter the investor rate is seven, so you're getting about a three percentage point buy down. That's really the attraction. And Naresh, before I ask you, if you have any last thoughts, yes, again, it is our live event that you can attend from the comfort of your own home, Thursday the 19th, at 8pm eastern in just a few days, here with Naresh and the builder who you heard on last week's show, co hosting a live webinar for Central Florida so inland new build income property. It's free. You're invited, and the benefit of you attending live is that you can have any of your questions answered in real time. You're going to learn more about the Central Florida market and more about the home building process, and you are going to be able to see available new bill property, real addresses, with some of these pretty grand incentives that we've talked about again. GRE webinars.com, any last thoughts? Naresh   Naresh Vissa  38:17   I get a lot of questions about is right now the time to buy? Should I buy later? What's going to happen with real estate? And I know the number one question, or the number one caution our followers are going to have, is, is right now the time is March or April, the time. And I say, look, with real estate, I already gave you the figure that you take any 20 year time period, any 30 year time period, and that's our time horizon here at GRE again, we're not trying to buy bitcoin here and flip it, you know, two days later, we're looking to buy and hold for, I don't want to say forever, but I know my time horizon in general is the full 30 year term, at least for my properties, and some people you know, want 10 or 15 years. That's fine too, but that's the time horizon. It is not one year, two years. We're not flipping new construction properties here in Central Florida. We are looking to buy and hold over the long haul, get some very good, high quality tenants in there, in these new construction properties, so that you, the GRE follower and the investor, can collect your monthly cash flow as well as over that 20 year period, or that 30 year period take part in appreciation as well. We've also talked extensively, Keith in previous episodes about interest rate cuts that the Federal Reserve is going to be doing, and just know this, there's a reason why the builder is offering these incentives where you can get the rates so low, your mortgage rate can be so low, and it's going to take at least a year, even if the Fed goes to zero. I mean, it's going to take mortgage rates a very long time. And to reach that point of getting such low interest rates that you just laid out, so that even makes it more enticing, like, Hey, I basically have a head start on the Federal Reserve because I follow the Fed pretty closely. We don't need to get into those details, but it's looking heavily like they are going to be start cutting again later this year, this summer. So it's looking like they're going to do that, but again, now you can have a head start, because when the Fed starts doing that, and when the mortgage rates fall, then everybody's going to jump in. And what's going to happen to the home values once everybody jumps in, well, they're going to go up. You want to jump in when everybody is not jumping in, and when you can get an amazing deal on these interest rates thanks to the builder buying down your interest rate. So this is a GRE special you can't get these deals. I challenge our followers to go on the internet and try to find better incentives or deals. And what you're going to see on this webinar, on this online, live special event. So gre webinars.com you can join me as well as our special guest. He heads up the builder. His name is Jim. He's going to be on with me. And please join us at grewebinars.com sign up for this free and live online special event.   Keith Weinhold  41:20   These are some great points. There's a lot of anticipation for Thursday, Naresh. We'll see you then.   Naresh Vissa  41:25   Thanks, Keith.   Keith Weinhold  41:32   Oh yeah, a first person account on Florida life and opportunity from our own Naresh nationally, the build to rent model that has been a real success, building single family rentals with the intent that they are rentals. From day one, over 321,000 homes have been built specifically as rentals this way since 2012, and more than three quarters of those in just the last five years. So the build to rent trend is picking up steam. About 1/3 of Americans rent their home, and although the word rental for some people that still conjures up visions of high rises packed with apartments, but a growing number of today's rentals are these freestanding, single family homes and duplexes like we're talking about today, nestled in suburban communities with top notch schools, and that's why a growing number of mom and pop investors have hopped on the build to rent bandwagon. They take less maintenance. It attracts quality tenants who stay longer, and the rentals have changed, but so had the renters. 20 years ago, it felt like tenants had to rent, like they had no choice. Today, you've got more and more tenants that choose to rent. Many of them make 100k to 125k or more. Today, rentals are cheaper than owning for those people, and they're less of a headache. A lot of them don't want to fix things, and you as the owner, don't want to either. That's why new build is attractive. Then, you know, I just sent that great map to our newsletter subscribers about which states saw the most population gain from 2020 to today, the South had more population growth than every other US region combined, which is jaw dropping and within the South, the state with the most population growth since 2020 is Florida, with An 8.9% population gain in that span, narrowly beating out Texas and South Carolina. By the way, even if it weren't for the attractive builder interest rate near 4% these Sunshine State deals could still make sense. New build single family rentals from the 270s new build duplexes, 395 to 420k low insurance rates, positive cash flow, a builder warranty. And it's really even better than that. These properties are centered on Ocala, Florida, which received national recognition as the fastest growing city for this second year in a row. That's according to a U haul report, and Florida is the epitome of investor friendly. Florida is the first state to enact a law allowing law enforcement to immediately remove squatters. It distinguishes them from legal tenants. You might come to the webinar event, perhaps thinking about 80k or 500k that you want to allocate toward property or maybe nothing and you just want to learn at the event you will evaluate realistic opportunities learn how property management is handled, and understand how today's inventory fits into your disciplined, long term strategy that all takes place on. On Thursday the 19th at 8pm Eastern. It's our biggest event of the year, and it is called Why Central Florida is the year's most compelling housing market. One last time for Thursday, it is gre webinars.com, until then, I'm your host. Keith Weinhold, don't quit your Daydream.   Unknown Speaker  45:20   You nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively.   Keith Weinhold  45:52   The preceding program was brought to you by your home for wealth building get richeducation.com  

Today is a first! My special guest is Frances W Greenspan and she is an animal communicator, author and teacher who speaks with animals both alive and to those who have crossed over.  She is the author of five books on the topic "What Do Your Pets Want You to Know?", "More Messages Your Pets Want You to Know,"  "Lessons from the Animals," "Learn to Speak with the Animals" (a class she also teaches with the same name) and "Voice for the Animals" – all available on Amazon and Kindle. She is currently working on her next book "Voice for the Animals". Frances tunes in telepathically to the animal's spirit/higher self to ask questions and receive their answers. She is able to do phone readings as this connection is direct to the spirit of the animal for pets that are rescues, have behavioral issues or have passed on.  Frances shares specific stories with us, how the language of the pet owner doesn't matter, and much more. And she is doing this while loving later life! Just click play to learn and be entertained!

Our Global Head of Fixed Income Research Andrew Sheets and Global Chief Economist Seth Carpenter unpack the inner workings of the Federal Reserve to illustrate the challenges that Fed chair nominee Kevin Warsh may face.Read more insights from Morgan Stanley.----- Transcript ----- Andrew Sheets: Welcome to Thoughts on the Market. I'm Andrew Sheets, Global Head of Fixed Income Research at Morgan Stanley. Seth Carpenter: And I'm Seth Carpenter, Morgan Stanley's Global Chief Economist and Head of Macro Research. Andrew Sheets: And today on the podcast, a further discussion of a new Fed chair and the challenges they may face. It's Friday, February 6th at 1 pm in New York. Seth, it's great to be here talking with you, and I really want to continue a conversation that listeners have been hearing on this podcast over this week about a new nominee to chair the Federal Reserve: Kevin Warsh. And you are the perfect person to talk about this, not just because you lead our economic research and our macro research, but you've also worked at the Fed. You've seen the inner workings of this organization and what a new Fed chair is going to have to deal with. So, maybe just for some broad framing, when you saw this announcement come out, what were some of the first things to go through your mind? Seth Carpenter: I will say first and foremost, Kevin Warsh's name was one of the names that had regularly come up when the White House was providing names of people they were considering in lots of news cycles. So, I think the first thing that's critically important from my perspective, is – not a shock, right? Sort of a known quantity. Second, when we think about these really important positions, there's a whole range of possible outcomes. And I would've said that of the four names that were in the final set of four that we kept hearing about in the news a lot. You know, some differences here and there across them, but none of them was substantially outside of what I would think of as mainstream sort of thinking. Nothing excessively unorthodox at all like that. So, in that regard as well, I think it should keep anybody from jumping to any big conclusions that there's a huge change that's imminent. I think the other thing that's really important is the monetary policy of the Federal Reserve really is made by a committee. The Federal Open Market Committee and committee matters in these cases. The Fed has been under lots of scrutiny, under lots of pressure, depending on how you want to put it. And so, as a result, there's a lot of discussion within the institution about their independence, making sure they stick very scrupulously to their congressionally given mandate of stable prices, full employment. And so, what does that mean in practice? That means in practice, to get a substantially different outcome from what the committee would've done otherwise… So, the market is pricing; what's the market pricing for the funds rate at the end of this year? About 3.2 percent. Andrew Sheets: Something like that. Yeah. Seth Carpenter: Yeah. So that's a reasonable forecast. It's not too far away from our house view. For us to end up with a policy rate that's substantially away from that – call it 1 percentage, 2 percentage points away from that. I just don't see that as likely to happen. Because the committee can be led, can be swayed by the chair, but not to the tune of 1 or 2 percentage points. And so, I think for all those reasons, there wasn't that much surprise and there wasn't, for me, a big reason to fully reevaluate where we think the Fed's going. Andrew Sheets: So let me actually dig into that a little bit more because I know our listeners tune in every day to hear a lot about government meetings. But this is a case where that really matters because I think there can sometimes be a misperception around the power of this position. And it's both one of the most public important positions in the world of finance. And yet, as you mentioned, it is overseeing a committee where the majority matters. And so, can you take us just a little bit inside those discussions? I mean, how does the Fed Chair interact with their colleagues? How do they try to convince them and persuade them to take a particular course of action? Seth Carpenter: Great question. And you're right, I sort of spent a bunch of time there at the Fed. I started when Greenspan was chair. I worked under the Bernanke Fed. And of course, for the end of that, Janet Yellen was the vice chair. So, I've worked with her. Jay Powell was on the committee the whole time. So, the cast of characters quite familiar and the process is important. So, I would say a few things. The chair convenes the meetings; the chair creates the agenda for the meeting. The chair directs the staff on what the policy documents are that the committee is going to get. So, there's a huge amount of influence, let's say, there. But in order to actually get a specific outcome, there really is a vote. And we only have to look back a couple weeks to the last FOMC meeting when there were two dissents against the policy decision. So, dissents are not super common. They don't happen at every single meeting, but they're not unheard of by any stretch of the imagination either. And if we go back over the past few years, lots going on with inflation and how the economy was going was uncertain. Chair Powell took some dissents. If we go back to the financial crisis Chair Bernanke took a bunch of dissents. If we go back even further through time, Paul Volcker, when he was there trying to staunch the flow of the high inflation of the 1970s, faced a lot of resistance within his committee. And reportedly threatened to quit if he couldn't get his way. And had to be very aggressive in trying to bring the committee along. So, the chair has to find a way to bring the committee along with the plan that the chair wants to execute. Lots of tools at their disposal, but not endless power or influence. Does that make sense? Andrew Sheets: That makes complete sense. So, maybe my final question, Seth, is this is a tough job. This is a tough job in… Seth Carpenter: You mean your job and my job, or… Andrew Sheets: [Laughs] Not at all. The chair of the Fed. And it seems especially tricky now. You know, inflation is above the Fed's target. Interest rates are still elevated. You know, certainly mortgage rates are still higher than a lot of Americans are used to over the last several years. And asset prices are high. You know, the valuation of the equity market is high. The level of credit spreads is tight. So, you could say, well, financial conditions are already quite easy, which can create some complications. I am sure Kevin Warsh is receiving lots of advice from lots of different angles. But, you know, if you think about what you've seen from the Fed over the years, what would be your advice to a new Fed chair – and to navigate some of these challenges? Seth Carpenter: I think first and foremost, you are absolutely right. This is a tough job in the best of times, and we are in some of the most difficult and difficult to understand macroeconomic times right now. So, you noted interest rates being high, mortgage rates being high. There's very much an eye of the beholder phenomenon going on here. Now you're younger than I am. The first mortgage I had. It was eight and a half percent. Andrew Sheets: Hmm. Seth Carpenter: I bought a house in 2000 or something like that. So, by those standards, mortgage rates are actually quite low. So, it really comes down to a little bit of what you're used to. And I think that fact translates into lots of other places. So, inflation is now much higher than the committee's target. Call it 3 percent inflation instead core inflation on PCE, rather than 2 percent inflation target. Now, on the one hand that's clearly missing their target and the Fed has been missing their target for years. And we know that tariffs are pushing up inflation, at least for consumer goods. And Chair Powell and this committee have said they get that. They think that inflation will be temporary, and so they're going to look through that inflation. So again, there's a lot of judgment going on here. The labor market is quite weak. Andrew Sheets: Hmm. Seth Carpenter: We don't have the latest months worth of job market data because of the government shutdown; that'll be delayed by a few days. But we know that at the end of last year, non-farm payrolls were running well below 50,000. Under most circumstances, you would say that is a clear indication of a super weak economy. But! But if we look at aggregate spending data, GDP, private-domestic final purchases, consumer spending, CapEx spending. It's actually pretty solid right now. And so again, that sense of judgment; what's the signal you're going to look for? That's very, very difficult right now, and that's part of what the chair is going to have to do to try to bring the committee together, in order to come to a decision. So, one intellectually coherent argument is – the main way you could get strong aggregate demand, strong spending numbers, strong GDP numbers, but with pretty tepid labor force growth is if productivity is running higher and if productivity is going higher because of AI, for example, over time you could easily expect that to be disinflationary. And if it's disinflationary, then you can cut it. Interest rates now. Not worry as much as you would normally about high inflation. And so, the result could be a lower path for policy rates. So that's one version of the argument that I suspect you're going to hear. On the other hand, inflation is high and it's been high for years. So what does that mean? Well. History suggests that if inflation stays too high for too long, inflation psychology starts to change the way businesses start to set. Andrew Sheets: Mm-hmm. Seth Carpenter: Their own prices can get a little bit loosey-goosey. They might not have to worry as much about consumers being as picky because everybody's got used to these price changes. Consumers might be become less picky because, well, they're kind of sick of shopping around. They might be more willing to accept those higher prices, and that's how things snowball. So, I do think that the new chair is going to face a particularly difficult situation in leading a committee in particularly challenging times. But I've gone on for a long, long time there. And one of the things that I love about getting to talk to you, Andrew, is the fact that you also talked to lots of investors all around the world. You're based in London. And so when the topic of the new Fed chair comes up, what are the questions that you're getting from clients? Andrew Sheets: So, I think that there are a few questions that stand out. I mean, I think a dominant question among investors was around the stability of the U.S. dollar. And so, you could say a good development on the back of Kevin Warsh's nomination is that the market response to that has been the price action you would associate with more stability. You've seen the dollar rise; you've seen precious metals prices fall. You've seen equity markets and credit spreads be very stable. So, I think so far everything in the market reaction is to your; to the point that you raised, you know, consistent with this still being orthodox policy. Every Fed chair is different, but still more similar than different now. I think where it gets more divergent in client opinions is just – what are we going to see from the Fed? Are we going to see a real big change in policy? And I think that this is where there are very different views of Kevin Warsh from investors. Some who say, ‘Well, he's in the past talked about fighting inflation more aggressively, which would imply tighter policy.' And he's also talked more recently about the productivity gains from AI and how that might support lower interest rates. So, I think that there's going to be a lot of interest when he starts to speak publicly, when we see testimony in front of the Senate. I think the other, the final piece, which I think again, people do not have as fully formed an opinion on yet is – how does he lead the Fed if the data is unexpected? And you know, you mentioned inflation and, you know, Morgan Stanley has this forecast that: Well, owner's equivalent rent, a really key part of inflation, might be a little bit higher than expected, which might be a distortion coming off of the government shutdown and impacts on data. But there's some real uncertainty about the inflation path over the near term. And so, in short, I think investors are going to give the benefit of the doubt. For now, I think they're going to lean more into this idea that it will be generally consistent with the Fed easing policy over time, for now. Generally consistent with a steeper curve for now. But I think there's a lot we're going to find out over the next couple of weeks and months. Seth Carpenter: Yeah. No, I agree with you. Andrew, I have to say, I'm glad you're here in New York. It's always great to sit down and talk to you. Let's do it again before too long. Andrew Sheets: Absolutely, Seth. Thanks for taking the time to talk. And to our audience, thank you as always for your time. If you find Thoughts the Market useful, let us know by leaving a review wherever you listen. And also tell a friend or colleague about us today.

Kathy Floam Greenspan is a veteran B2B marketing expert with over 25 years of experience helping organizations align marketing with real business outcomes. As president of POM Agency, she is passionate about cutting through the noise in fast-moving industries like tech, cybersecurity, and government contracting. Kathy specializes in helping lean marketing teams deliver impactful results despite resource constraints and is a strong advocate of clarity, focus, and practical use of AI to drive growth. In this episode of Marketer of the Day, Kathy Floam Greenspan joins Robert Plank to discuss the growing pressures on marketing teams, rising expectations, limited capacity, and constant change. Based on a survey of over 100 B2B marketers, Kathy reveals why misalignment, resource gaps, and unclear goals hinder performance and shares four strategic shifts to help teams reclaim focus and momentum in 2026. Learn how to partner smarter, clean up your data ecosystem, and use AI as a collaborator, not a crutch. Kathy offers actionable advice for marketers striving to stay the course, protect priorities, and create lasting impact in chaotic times. Quotes: “If everything is a priority, nothing is. Our role as marketers is to protect focus and stay the course, especially these days.” “Marketers are being asked to deliver more impact without more capacity, forcing tough trade-offs and constant prioritization.” “AI is incredibly powerful, but marketing is still very human work. Use AI as a collaborator, not a crutch to walk before you run.” Resources: POM Marketing (official site) Kathy Floam Greenspan on LinkedIn