The study of the past as it is described in written documents
POPULARITY
Categories
241 episodes with historically
77 episodes with historically
65 episodes with historically
40 episodes with historically
19 episodes with historically
27 episodes with historically
20 episodes with historically
34 episodes with historically
16 episodes with historically
26 episodes with historically
17 episodes with historically
10 episodes with historically
16 episodes with historically
10 episodes with historically
9 episodes with historically
30 episodes with historically
13 episodes with historically
38 episodes with historically
15 episodes with historically
13 episodes with historically
14 episodes with historically
14 episodes with historically
8 episodes with historically
28 episodes with historically
7 episodes with historically
13 episodes with historically
13 episodes with historically
6 episodes with historically
13 episodes with historically
15 episodes with historically
6 episodes with historically
12 episodes with historically
8 episodes with historically
6 episodes with historically
11 episodes with historically
10 episodes with historically
12 episodes with historically
4 episodes with historically
8 episodes with historically
7 episodes with historically
19 episodes with historically
6 episodes with historically
10 episodes with historically
6 episodes with historically
5 episodes with historically
18 episodes with historically
8 episodes with historically
6 episodes with historically
3 episodes with historically
6 episodes with historically
6 episodes with historically
4 episodes with historically
5 episodes with historically
3 episodes with historically
4 episodes with historically
10 episodes with historically
5 episodes with historically
7 episodes with historically
7 episodes with historically
8 episodes with historically
7 episodes with historically
7 episodes with historically
6 episodes with historically
5 episodes with historically
5 episodes with historically
4 episodes with historically
10 episodes with historically
5 episodes with historically
8 episodes with historically
5 episodes with historically
4 episodes with historically
5 episodes with historically
4 episodes with historically
6 episodes with historically
3 episodes with historically
22 episodes with historically
10 episodes with historically
5 episodes with historically
4 episodes with historically
4 episodes with historically
3 episodes with historically
4 episodes with historically
4 episodes with historically
6 episodes with historically
4 episodes with historically
6 episodes with historically
4 episodes with historically
3 episodes with historically
4 episodes with historically
4 episodes with historically
3 episodes with historically
5 episodes with historically
3 episodes with historically
5 episodes with historically
6 episodes with historically
2 episodes with historically
5 episodes with historically
5 episodes with historically
2 episodes with historically
6 episodes with historically
5 episodes with historically
4 episodes with historically
10 episodes with historically
4 episodes with historically
6 episodes with historically
7 episodes with historically
3 episodes with historically
5 episodes with historically
3 episodes with historically
4 episodes with historically
3 episodes with historically
4 episodes with historically
4 episodes with historically
9 episodes with historically
3 episodes with historically
5 episodes with historically
25 episodes with historically
4 episodes with historically
4 episodes with historically
4 episodes with historically
6 episodes with historically
5 episodes with historically
3 episodes with historically
4 episodes with historically
7 episodes with historically
4 episodes with historically
3 episodes with historically
4 episodes with historically
3 episodes with historically
2 episodes with historically
10 episodes with historically
3 episodes with historically
3 episodes with historically
4 episodes with historically
5 episodes with historically
5 episodes with historically
2 episodes with historically
3 episodes with historically
3 episodes with historically
2 episodes with historically
2 episodes with historically
8 episodes with historically
4 episodes with historically
3 episodes with historically
The Evolution of Tort Law: From Contributory Negligence to Comparative JusticeThis conversation delves into the complexities of tort law, focusing on the evolution of defenses and liabilities. It begins with an overview of torts, emphasizing the importance of understanding defenses in legal education. The discussion transitions from historical concepts like contributory negligence to modern approaches such as comparative negligence, highlighting key doctrines like assumption of risk and various immunities. The conversation also covers vicarious liability and joint and several liability, providing a comprehensive framework for analyzing tort cases.In the realm of tort law, the journey from rigid, all-or-nothing rules to more nuanced standards of justice is a fascinating one. Historically, the doctrine of contributory negligence was unforgiving. Imagine being 1% at fault in an accident and receiving nothing in damages because of it. This harsh rule left many plaintiffs without recourse, prompting a shift towards fairness.The introduction of comparative negligence marked a pivotal change. This system allows for damages to be apportioned based on the relative fault of each party, ensuring that even those partially at fault can receive compensation. The transition wasn't swift; it evolved over decades, influenced by landmark cases and legislative changes.One of the most illustrative cases is Butterfield v. Forrester, where the court's decision highlighted the severe implications of contributory negligence. However, the doctrine of last clear chance emerged as a counterbalance, allowing plaintiffs to recover if the defendant had the final opportunity to avoid the harm.Today, the majority of jurisdictions have adopted some form of comparative negligence, with variations like the 50% and 49% rules, which determine the threshold for recovery. This evolution reflects a broader trend in the legal system towards balancing fairness with the need for clear, predictable rules.As we continue to navigate these legal waters, the challenge remains: how do we ensure justice while maintaining the integrity of the legal system? This question is at the heart of tort law's ongoing evolution.Subscribe now to stay updated on the latest in legal education and insights.TakeawaysThe entire ball game often hinges on surviving the defenses.Contributory negligence operated as a complete bar to recovery.The last clear chance doctrine allows recovery despite plaintiff's negligence.Comparative negligence apportions damages based on relative fault.Immunities are shields that protect certain defendants from liability.Vicarious liability holds employers responsible for employees' actions.Joint and several liability allows plaintiffs to recover full damages from any defendant.The discretionary function exception protects government actions from liability.Assumption of risk can be primary or secondary, affecting recovery.The evolution of tort law reflects a shift towards more flexible standards.torts, contributory negligence, comparative negligence, assumption of risk, sovereign immunity, vicarious liability, tort law defenses, legal education, law students, liability
The trepidation in the market reflected in part by the volatility that we have experienced since the end of October. I think reflects in part concerns about next year and the second year of a presidency, the mid-term election cycle. Historically the market has not performed in the second year of a presidency, but that is not a hard and fast rule, there can be a number of variables that can certainly alter the outcome of the second year of a presidency. Perhaps more importantly the concern is about the economy and how it will fare next year..
Historically, the celebration of Christmas and Carnival could overlap, and there is some reason to believe that customs associated with the former were inherited by the latter. A clue to this calendrical shift is offered by the Christmas song, “Carol of the Bells,” which uses the melody of an old Ukrainian New Year;s carol, one which dates back to the era in which New Year was celebrated in March (hence the springtime imagery of its original Ukrainian lyrics). Ukrainian postcard commemorating the folk song”Shchedryk” source of “Carol of the Bells” After a brief look at the variable date chosen to celebrate the New Year throughout European history, we take some time to rethink our modern understanding of what constitutes the Christmas season. The common notion that the season ends on December 25 or January 1, possibly including the weeks leading up to those dates, in historical understanding, was reversed, with Dec. 25 representing the start of Christmastide, which at the very least ran until Epiphany (Jan. 6) or Candlemas (Feb. 2). The merger of Christmas and Carnival is not only aided by the historically later end date of Christmastide, but also the variable start date for Carnival. A number of regional dates preferred for those festivities are discussed with Germany’s initiation of festivities on November 11 being the earliest. Another reason to suspect that Carnival inherited some of its customs from Carnival is the carnivalesque quality of the Christmas Feast of Fools celebrated anywhere from Dec. 26 to January 6. The wild, and sometimes dangerous revels celebrated on those days (and discussed in Episode 100) were ended by local bishops at roughly the same time that Carnival celebrations in France and Germany emerged, suggesting re-channeling of anarchic impulses and customs. Our discussion then turns to the Roman New Year, the January Kalends, which likely inspired chaotic elements around the Feast of Fools. Of particular interest here are accounts of celebrants dressing in animal hides and horns. a custom that seems to have survived in certain Carnival traditions, including a number discussed in my Carnival book. One of these, the Kurent of Slovenia, who happens to be rather similar to the Austrian Krampus across the country’s northern border. In Western Bulgaria too, another Carnival figure, the Kuker, in western regions also makes use of animal hides and horns (as well as bells). Bulgaria also provides us with an interesting 20th-century case study of the merger of the traditions of Christmas (or “Surva,” the Bulgarian New Year) merging with springtime fertility customs of Carnival, both strands being associated with the Kuker. We wrap up with a brief look at Slavic celebrations of the Christmas cycle as Koliade (various spellings), a name for Christmastide and the customs associated with it, particularly door-to-door “good luck visits” incorporating short plays and songs, kolyadka in Ukrainian, the original of “Carol of the Bells” (Shchedryk/”Bountiful Evening”) being one of these songs “New Year’s Carols” (Kolędnicy noworoczni) from “A Polish Year in Life, Tradition and Song” (1900). The sources for this show are Mr. Ridenour’s books The Krampus and the Old, Dark Christmas and A Season of Madness, Fools, Monsters, and Marvels of the Old-World Carnival.
No better time than Christmas to take a look at who Jesus really was. This episode is a deep dive into the historical Jesus—what we know, what we don't, and how the story evolved over time. I ended up liking Jesus (the real guy) a lot more by the end of this. So, merry Christmas to that
Today's Topics:1. Sound Signature Review 6.208 – SilencerCo Sparrow on the subcompact Beretta 21A Bobcat. Historically significant silencer, by popular demand. Long overdue. The Sparrow was SilencerCo's first product and has enjoyed significant proliferation. Let's dive into this FRP-famous silencer, technically. This accompanies last week's report and Silencer Hazard Map Brief 8.1.6.a. Introduction (00:07:35)b. Sparrow Design (00:13:14)c. Sparrow performance (00:21:08)d. Spatial hazards (00:43:38)e. Final thoughts (00:46:57)2. The 300 BLK MCX, or Rattler LT, or LVAW, or whatever you want to call it… is really fun! Like any cool small arm weapon system, you want to make it “your own.” I am busy doing that. Wanted to share some thoughts about my own personal gun and what I have discovered I like, don't like, and how it's working for me. (00:48:59)Sponsored by - Silencer Shop, Top Gun Range Houston, Legion Athletics, Capitol Armory, and the PEW Science Laboratory!Legion Athletics: use code pewscience for BOGO off your entire first order and 20% cash back always!Magpul: Use code PSTEN to receive $10 off your order of $100 or more at Magpul
To wrap our 2025 season, we're diving into what is happening in Alaska. How Indigenous people in Alaska are fighting to protect the ecological biodiversity, their subsistence rights, wildlife, and to keep minerals in the ground. Historically roads being built in Alaska have been the ways in which they've exploited the people and the land. One current project being proposed is Ambler Road, over 200 miles of road, in one of the most prescient lands in the world. We sat down with Ricko DeWilde, Diloola Erickson, Naawéiyaa Tagaban who've come all the way from Alaska to share their story of organizing and resistance to protect their way of life. LEARN MORE: Follow Instagram pages: @NoAmblerRoad @DefendtheSacredAK Sign the pledge to defend the arctic & join the emailing list to stay updated: https://www.defendthesacredalaska.org/ Shop the No Ambler Road bonfire campaign: https://www.bonfire.com/stop-the-ambler-road/ Donate to Defend the Sacred AK: Defend the Sacred Alaska SUPPORT OUR WORK: NDN Collective launched the "Feed The People" campaign in response to the SNAP benefits crisis. The U.S. Government shutdown is disrupting SNAP, deepening food insecurity in many Native and rural communities. The crisis is not just about hunger — it reflects the erosion of systems that once ensured community health and sovereignty of food sources. The "Feed the People" campaign is a call to action for funding mutual aid support in response to the disruption of SNAP in the Oceti Sakowin. While responding to the urgent needs of our community, we are also strengthening traditional food systems and collaborating with Indigenous-led projects focused on food sovereignty. ℹ️Learn more about the campaign: https://ndnco.cc/feedthepeople
A major warning signal just flashed in Bitcoin — long-term holders are starting to SELL. Historically, when this happens, the market is either near a major top… or entering a high-volatility transition phase that shakes everyone out.
Send us a textOur Noirvember pod on The Big Sleep had me ooohhhing and aaahhhing about the talent that brought the film to life in front of and behind the camera. As we enter the classic period of noir in America, we're going to look at a film that has some of the most impactful and prolific noir actors ever assembled, with just as talented a production team as in Sleep. For your holiday enjoyment by the crackling fire, we bring you the noir based on a very short Ernest Hemingway story, 1946's The Killers from Universal. Historically, we've liked to propose that, if you want to introduce a friend to film noir in a short sitting, you'd put them in a comfortable chair, roll Double Indemnity from 1944, allow them to stretch afterwards, perhaps all “go out to the lobby,” then give them a shot of Bob Mitchum playing Bob Mitchum in 1947's Out Of The Past. But if you wanted to show them a noir that has maximum acting talent at every level, so much so that it seems almost wasteful, you'd have to delight them with a triple feature and run The Killers. Website and blog: www.thosewonderfulpeople.comIG: @thosewonderfulpeopleTwitter: @FilmsInTheDark
Historically, presidential libraries have been used as research hubs to house documents and artifacts from a president's time in the White House. They're also a living monument to a president's legacy. Less than a year into President Donald Trump's second term, planning for his presidential library is underway, with $50 million already raised from undisclosed donors.Co-host Colby Itkowitz speaks with national political investigative reporter Michael Kranish about how presidential libraries and museums are usually created and why Trump's private fundraising foundation could allow history to be misrepresented at his future library.Today's show was produced by Thomas Lu and mixed by Sean Carter. It was edited by Ariel Plotnick. Thanks to Dan Eggen.Subscribe to The Washington Post here.
Can women hold priesthood in LeBaron Mormon fundamentalism? Jacob Vidrine from Church of the Firstborn surprised me with his answer about women & priesthood! We also finish our conversation about the race ban in Brigham Young & Joseph Smith’s time. Check out our conversation, but it is only available to newsletter subscribers. Sign up at https://gospeltangents.com/newsletter! https://youtu.be/Xg9nt_4xu9M Don't miss our other conversations with Jacob: https://gospeltangents.com/people/jacob-vidrine Copyright © 2025 Gospel Tangents All Rights Reserved Nuance in the Priesthood Ban The discussion explores the often-simplified views of Brigham Young’s stance on race and slavery. While Brigham Young did articulate strong, lineage-based priesthood restrictions and opposed interracial marriage, he did not support slavery in the Utah Territory. Historically, it is argued that Young wanted to enact a form of gradual emancipation, aligning with Joseph Smith’s earlier ideas about compensating slave owners by selling public lands. For fundamentalists, this nuanced view helps frame Young’s motivations for restricting the priesthood not as personal hatred or bigotry, but as a form of “benevolent racism,” rooted in a belief in lineage-based restrictions. The conversation addresses the theological challenge presented by the Second Article of Faith (“men will be punished for their own sins, and not for Adam’s transgression”) when discussing generational restrictions like Cain’s curse. This is often reconciled by fundamentalists who argue that the denial of priesthood is tied to actions in the pre-existence (citing Alma 13), or by noting that the Bible and Doctrine and Covenants contain references to both generational blessings and cursings (D&C 121). Ultimately, they view priesthood primarily as a responsibility conferred by God, rather than a right or privilege earned solely in mortality. Matriarchs, Eldresses, Women & Priesthood Perhaps the most unexpected element of LeBaronite theology is the authority granted to women. Contrary to many fundamentalist groups, the Church of the Firstborn tradition believes that women hold priesthood authority. This authority stems from Nauvoo temple rituals, where Joseph Smith was seen as bringing women into the priesthood, often leading to the belief that the Relief Society was intended to be a parallel priesthood organization. Ross LeBaron ordained women as matriarchs, granting them temple authority similar to kings and priests (queens and priestesses). Fred Collier advanced this idea, believing women could be ordained to lower priesthood offices. For instance, Jacob Vidrine's wife was ordained an eldress at age 16. While men typically bless and pass the sacrament, women are authorized to bless by the laying on of hands (blessings of faith), a practice continued from early Mormonism. Furthermore, if circumstances require it (such as the death of a husband), a wife could administer the sacrament to her family. This entire structure emphasizes the patriarchal order as a family organization, requiring the full, active participation of both men and women. Copyright © 2025 Gospel Tangents All Rights Reserved
Before the dynasties, before the banners, before Brady, before Belichick, even before Bledsoe, there was the 1985 New England Patriots. A team built on grit, not glamour.History often remembers the champions, yet the 1985 New England Patriots didn't win a championship. Yet in this case, they are remembered for the journey, a journey that was one of the most memorable in NFL History. In this episode of the Historically Speaking Sports Podcast, the place where we give you sports from back in the day, Co hosts Charles Combs and Dana Auguster will bring you back to the mid 1980s. In this edition will will talk about Patriots' first AFC Championship team that posted three, count them, three postseason upsets that included ending a losing streak that dated back to the Lyndon Johnson administration. This was a team that was devoid of big names and huge stars. But was comprised of several solid individuals that was the personification of blue collar teamwork. Leading this group was a head coach who had made his own way into Canton as a Hall of Fame receiver, but his quiet understated style was the trademark of this great team. Later in the show we will send a shout out to a former Patriot great, whose clutch performance that season made him a New England legend plus a discussion on who was actually the worse Super Bowl participant. You could contact the show at Historically.Speaking.Sports@gmail.com
Corporate Earnings and a Broadening Market One of the most compelling themes as we transition from 2025 into 2026 is the continued strength of corporate earnings. Estimated 12-month S&P 500 operating margins have climbed to historically impressive levels, reinforcing the idea that Corporate America remains on solid financial footing. As has been noted, a recession accompanied by positive earnings growth would be unprecedented, and that matters. Strong earnings not only support near-term market stability but also create a longer runway for continued performance. Beyond earnings strength alone, another encouraging development is the broadening of market participation. Over the last several years, market returns have been dominated by a small group of large-cap technology stocks. That concentration has been a frequent concern for investors. Encouragingly, earnings growth among the remaining 493 companies in the S&P 500 is now expected to converge with that of the so-called “Magnificent Seven.” This shift suggests that market leadership may become more balanced in 2026. If that trend continues, it could represent one of the most important investment narratives of the coming year and a meaningful opportunity as portfolios are positioned for the future. The Federal Reserve and the Flow-Through to the Economy While earnings and market breadth tell one part of the story, monetary policy remains a critical variable. The Federal Reserve recently concluded its final meeting of the year with a 25-basis-point rate cut, placing the federal funds rate in a range of 3.5% to 3.75%. More significant than the cut itself was the language used by the Fed, signaling that rates are now within a plausible estimate of neutral. In practical terms, this suggests a likely pause in rate cuts in the near term. From our perspective, that pause is a positive development. It allows time for previously implemented cuts to work their way through the economy. Short-term rates affect savers, but long-term rates, where businesses and individuals borrow, are what truly drive economic activity. One area we are watching particularly closely is the spread between the 10-year Treasury and the 30-year mortgage rate. While the U.S. government may borrow near 4%, many individuals are still borrowing at rates above 6%, creating a wider-than-average spread. Historically, that spread averages closer to 1.77%. Even without dramatic declines in Treasury yields, a return to historical norms could significantly lower mortgage rates and materially improve affordability for borrowers. A stable Fed, combined with time for rate cuts to flow through to long-term borrowing costs, could provide meaningful relief to households and businesses alike. Importantly, if the economy remains strong, with healthy earnings and resilient markets, the Fed does not need to act aggressively. In that context, a pause becomes a signal of confidence rather than concern. Greg Powell, CIMA® President and CEO Wealth Consultant Email Greg Powell here Bobby Norman, CFP®, AIF®, CEPA® Managing Director Wealth Consultant Email Bobby Norman here Trey Booth, CFA®, AIF® Chief Investment Officer Wealth Consultant Email Trey Booth here Ty Miller, AIF® Vice President Wealth Consultant Email Ty Miller here Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post We've Never Seen… first appeared on Fi Plan Partners.
12-13-25See omnystudio.com/listener for privacy information.
Data shows that the marriage rate and the homeownership rate have been closely connected for decades. Historically, more marriage means more home buying, but government intervention has made buying a home much harder. Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
Data shows that the marriage rate and the homeownership rate have been closely connected for decades. Historically, more marriage means more home buying, but government intervention has made buying a home much harder. Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbardRadio Rothbard mugs are available at the Mises Store. Get yours at https://Mises.org/RothMug PROMO CODE: RothPod for 20% off
1. Kevin's Two-Minute DrillA. Game SummaryBucs lose a heartbreaker: 29–28 to the Falcons.Fourth-quarter collapse:Blew a 14-point lead.Defense folded.Baker Mayfield missed two key passes.B. Todd Bowles on the Hot SeatKevin declares: “Goodbye, Todd Bowles… that seat is on fire.”Falcons details:Only 4 wins coming into the game.19 penalties committed.A 37-year-old QB.Kevin's repeated sendoffs: “See ya, Todd. Adios, Todd. Au revoir, Todd. Arrivederci, Todd. Sayonara, Todd.”C. Post-Game ControversyTodd Bowles blames the players, throwing them under the bus with strong language.Kevin highlights how harsh and unnecessary the comments were.D. Baker Mayfield's PerformanceRough fourth quarter:One interception.Missed a winning-drive throw.Baker's post-game remarks:Takes accountability: “It's our fault. It's my fault.”E. A Bright SpotMike Evans returns strong:6 catches, 132 yards.But not enough to save the game.F. Next WeekMust-win game vs. the Carolina Panthers in Charlotte.Game time: Sunday at 1 PM on FOX. 2. Post-Drill DiscussionA. Hosts ReactHosts comment that Kevin's “two minutes” was more like five.Agreement that Todd Bowles throwing players under the bus was uncalled for.Concerns about coaching strategy and season-long issues.B. Season OutlookRemaining schedule: Panthers twice, Dolphins once.Hosts predict:Unlikely the Bucs win any of the remaining games.Even if they make the playoffs, they won't win a playoff game.Discussion about whether the Glazers would fire Todd Bowles mid-season.Historically, they've never done it.Hosts believe it should happen but probably won't until season's end.C. Locker Room ConcernsHosts believe Bowles may have lost the locker room entirely.Predict continued struggles due to lack of cohesion and confidence.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Historically, there has been less focus on primary care than on specialist care in US health care. What are the challenges and opportunities in primary care today? What might it look like in the coming decades? Robert Phillips, MD, MSPH, of The American Board of Family Medicine joins JAMA Health Forum Editor in Chief Sandro Galea, MD, DrPH, to discuss the future of primary care in the US. Related Content: Back to the Future of Primary Care
Markets bounced sharply after the Federal Reserve cut rates by a quarter-point, pushing major indexes back toward all-time highs. As of Wednesday's close, buy signals remain in place, but relative strength is stretched, and a mild pullback is taking shape this morning—led by weakness in the NASDAQ following Oracle's selloff. With all major indexes still within 2% of record levels, investors should remember that when the Fed cuts near market highs, volatility typically rises over the next one to three months. Historically, this pattern produces short-term corrections but tends to resolve with higher prices over the next 10–12 months. Markets remain in a broader consolidation range, and a normal retracement toward the 50-DMA between now and Christmas would set the stage for a stronger year-end rally. Based on current trends, 2025 looks likely to close with gains near 17%—and we are preparing updated valuation and price-target ranges for 2026 in an upcoming article. In today's pre-market brief, we break down: • Why NASDAQ weakness is no surprise • How Fed policy and "QE/Not-QE" shape volatility expectations • What to expect from a consolidation into year-end • Key levels to watch into the seasonal rally window Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer ------- Watch the Video version of this report on our YouTube channel: https://youtu.be/gnorFZc1qM8 ------- REGISTER for our 2026 Economic Summit, "The Future of Digital Assets, Artificial Intelligence, and Investing:" https://www.eventbrite.com/e/2026-ria-economic-summit-tickets-1765951641899?aff=oddtdtcreator ------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket #FederalReserve #InterestRates #MarketVolatility #NASDAQ
Historically, key symptoms of primary biliary cholangitis (PBC), such as pruritus and fatigue, have been understudied and undertreated. Listen now to learn how symptom management should be considered independently of PBC management, and how new therapeutic agents can help.Topics covered include:Mechanisms of pruritus and fatigue in PBCNonpharmacologic treatment optionsAn overview of clinical trial data supporting second-line agents for symptom management:BezafibrateElafibranorSeladelparInvestigational agents:VolixibatLinerixibatSetanaxibThis episode is the third of 3 recap podcasts, featuring audio from our live satellite symposium, Raising the Bar: Innovations in PBC Care. For the full on-demand webcast of this satellite symposium, and to download the accompanying slides, visit the program page for this episode:https://bit.ly/44ZJ5osPresenters:Christopher L. Bowlus, MDLena Valente Professor and ChiefDivision of Gastroenterology and HepatologySchool of MedicineUniversity of California DavisSacramento, CaliforniaAparna Goel, MDClinical Associate Professor of MedicineDivision of Gastroenterology and HepatologyStanford UniversityPalo Alto, CaliforniaAliya F. Gulamhusein, MD, MPH, FRCPCProfessorship in PSC ResearchClinician Investigator, Toronto General HospitalAssistant Professor, University of TorontoDivision of Gastroenterology and HepatologyUniversity Health NetworkToronto, CanadaGet access to all of our new episodes by subscribing to the Decera Clinical Education Medical Specialties Podcast on Apple Podcasts, YouTube Music, or Spotify. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
In this episode, I spend some time looking into what is coming up in 2026. Historically, I have done a very long blog post or podcast that is both a retrospective on the current year (the year that was) and a look forward into the new year. This year, I have decided to break it up into two more bite-sized chunks and have two separate podcasts. This episode looks ahead to 2026, with some thoughts on travel, equipment, and photography in general.In other news, I was also appointed an Adobe Community Expert for both Lightroom and Photoshop this week. Which means I will now be on the Adobe community forums to answer Lightroom questions whenever I can. Feel free to PM me there if you have anything specific you want to ask.Arctic SurvivorsSupport the showWild Nature Photo TravelPhotography Workshops and Expeditions around the Worldwww.wildnaturephototravel.comSupport the Show and fellow Nature Photographer: https://www.buymeacoffee.com/JoshuaHolko/membershipFind us on Social MediaFacebook: https://www.facebook.com/Joshuaholko/Twitter: https://twitter.com/HolkoJoshuaInstagram: https://www.instagram.com/joshuaholko/Need to Contact us? info@jholko.com
Today's Topics:1. Sound Signature Review 6.208 – SilencerCo Sparrow on the subcompact Beretta 21A Bobcat. Historically significant silencer, by popular demand. Long overdue. The Sparrow was SilencerCo's first product and has enjoyed significant proliferation. Most folks know about its first-round-pop (FRP) on short barrels. Do you? Check it out in this introduction to today's report! (00:07:13)2. Silencer Hazard Map Brief 8.1.6 – SilencerCo Sparrow on the Beretta 21A Bobcat. This brief accompanies today's report. The Silencer Hazard Map is animated! This allows you to visualize first round pop, which is one of the SilencerCo Sparrow's pitfalls. Is the hazard field severity surprising to you? Have you ever shot a Sparrow? Many of you have! (00:22:52)Sponsored by - Silencer Shop, Top Gun Range Houston, Legion Athletics, Capitol Armory, and the PEW Science Laboratory!Legion Athletics: use code pewscience for BOGO off your entire first order and 20% cash back always!Magpul: Use code PSTEN to receive $10 off your order of $100 or more at Magpul
The path to LeBaronism began when the speaker gained a testimony of the Adam-God doctrine, then accepted principles like rebaptism, eventually leading to a testimony of the Law of Adoption and connection with the Church of the Firstborn. https://youtu.be/AYwLSTRuidE Don't miss our other conversations with Jacob: https://gospeltangents.com/people/jacob-vidrine Copyright © 2025 Gospel Tangents All Rights Reserved How LeBaron Group Practices Temple Work Without a Temple The quest for pure priesthood authority and the full restoration of doctrines—from Adam-God to the Law of Adoption—led one believer away from the mainstream LDS church and into the unique world of the Ross LeBaronites and the Church of the Firstborn. This journey highlights the fundamental difference between this fundamentalist group and larger organizations: their focus is on patriarchal authority and the function of ordinances, regardless of location. From Adam-God to Adoption: A Conversion Story The path into the Church of the Firstborn often begins with an intense intellectual and spiritual curiosity about early Mormon theology. For some, this journey began by stumbling upon controversial doctrines, such as the Adam-God doctrine, which posits that God himself established the human family on Earth by leaving celestial glory to deal with mortality. The search for deeper principles led to an online forum around 2014 where various fundamentalist voices converged. It was here that the writings and historical research of Fred Collier became especially influential. Collier was regarded as a key figure in the Church of the Firstborn, working alongside Ross LeBaron (the “religious innovator.”) While Ross established the “priesthood foundation”, Collier was the “systematizer”—sometimes referred to as a “Bruce R. McConkie of fundamentalism”—who used historical sources and revelations to articulate a coherent system, adding stability to LeBaron’s teachings. Collier's materials, often shared as pamphlets and essays, presented a highly developed priesthood cosmology. Ultimately, this research and theology, especially the doctrine of the Law of Adoption, led to joining Fred Collier's specific faction of the Church of the Firstborn. Patriarchal Priesthood Structure Unlike the LDS Church, the structure established by Ross LeBaron does not utilize the standard structure of Apostles. Ross acted as the prophet, and the leadership centered on patriarchs. Ross's major mission was to ordain these patriarchs and establish a patriarchal pattern. When a man was set apart, Ross conferred upon him “all the keys, rights, power, and authority of the patriarchal order of priesthood”. This authority was not meant solely for missionary work away from headquarters (like an apostle) but for building a family organization and a patriarchal order. This included the authority to have wives sealed in plural marriage and to adopt sons and families via the Law of Adoption. Ross ordained at least 40 patriarchs during his lifetime, and today, hundreds of people trace their patriarchal authority back to Ross LeBaron. Doing Temple Work in the Mountains One of the most unique aspects of the Church of the Firstborn today is its approach to temple ordinances in the absence of a dedicated temple structure. Historically, Ross LeBaronites—including Tom Green's and Fred Collier's groups—performed temple ordinances in homes that were temporarily dedicated for that purpose. This practice takes a cue from Nauvoo, where Joseph Smith performed ordinances in the Red Brick Store and the Mansion House before the Nauvoo Temple was completed. The fundamental idea is that the authority to perform the ordinance is paramount, not the specific physical structure. However, some groups now seek a dedicated, even if temporary, sacred space. The current approach involves setting up a temporary tabernacle in the mountains to perform the endowment ceremony and other temple ordinances. This method is favored over the home-based work, drawing inspiration from Brigham Young, who once gave endowments on Ensign Peak in 1849, citing comments that the poor could receive their endowments in the mountains. While performing ordinances way up in the mountains presents logistical challenges, such as lacking running water and electricity, adherents find that having this dedicated space allows for a “really spiritual powerful temple experience”. Learning from Cautionary Tales The movement is not without its difficulties. The fragmentation within the Church of the Firstborn, including the separation from Fred Collier's group in 2019-2020, often stemmed from serious issues related to sexual abuse. A major challenge within fundamentalism generally is a reluctance to report abuse to law enforcement, fueled by a defense mechanism mentality and distrust of a government perceived to be hostile toward their practice of polygamy. However, some families separate from these larger groups, seeing the importance of protecting their community and learning from “cautionary tales”—such as Ross's doctrinal errors in old age or the issues of abuse in Fred’s group—to create a safer continuation of the Church of the Firstborn. Don't miss our other conversations with Jacob: https://gospeltangents.com/people/jacob-vidrine Copyright © 2025 Gospel Tangents All Rights Reserved
In this podcast, Melissa Bradshaw, deputy editor at FoodBev, speaks with Pierre-François Langlois, Sidel's director for product management, about the company's latest EvoBlow Laser technology for PET packaging performance. Sidel's latest technology promises to enhance efficiency, sustainability and design flexibility in the production of PET and recycled PET (rPET) packaging. Historically, halogen technology has dominated the PET packaging market, but its limitations have become increasingly apparent. EvoBlow Laser addresses these challenges by employing precision heating through up to 36 heating lines, compared to the eight zones used in traditional methods. This increased control allows for the production of lighter yet stronger containers, a feat achieved through the creation of invisible 'power rings' that enhance structural integrity without adding material. The EvoBlow Laser's ability to deliver consistent quality is particularly noteworthy. Unlike halogen solutions, which are sensitive to environmental conditions, the laser technology operates independently, ensuring uniform results across all production runs. Tune in to find out more!
Join Rick and Amir as they unpack what it truly means to engage with Scripture — not just skim through it. Together, they'll help you discover deeper understanding, richer context, and a more transformative connection to God's Word. For this first installment, they'll navigate through the incredible events of John 6.Connect with us on social:Telegram: @beholdisraelchannelInstagram: https://www.instagram.com/amir.tsarfati/Facebook: https://www.facebook.com/beholdisrael/X: https://x.com/beholdisraelYouTube: https://youtube.com/@beholdisrael
Chat with Carol Connare, Editor The Old Farmers Almanac In this episode, Greg talks with Carol Connare, Editor-in-Chief of The Old Farmer's Almanac, the oldest continually published periodical in North America. Carol shares her path from archival work at UMass Amherst back to her “dream job,” stewarding the 234-year-old institution. She clarifies the recent confusion between The Farmer's Almanac (which closed) and The Old Farmer's Almanac (which is thriving), explains the Almanac's origins, traditions, and editorial approach, and offers insight into how it continues to adapt to modern growers' needs. The conversation touches on climate shifts, regional variability, moon-based planting, and the Almanac's evolution from a simple calendar of the heavens to a robust gardening and seasonal guide.Key Topics & EntitiesThe Old Farmer's Almanac (founded 1792)Carol Connare, 14th editor & lifelong gardenerRobert B. Thomas, original founderAlmanac history & competitionDifference between The Farmer's Almanac vs The Old Farmer's AlmanacLong-range weather forecastingClimate shifts & updated frost/planting tablesRegionalized weather zones (18 U.S. regions)Moon-phase plantingArchival content & historical continuityDiversification: calendars, guides, kids' editionAlmanac.com as a major content platformHardiness zone recalibrationGrowing practices & resilienceKey Questions AnsweredWhat is the difference between The Farmer's Almanac and The Old Farmer's Almanac?The Farmer's Almanac (founded 1818) was a separate publication that recently shut down. The Old Farmer's Almanac, founded in 1792, is alive, healthy, and independent. Historically, multiple almanacs existed, often overlapping in name and content. Confusion persists because both shared similar naming and themes, but only The Old Farmer's Almanac continues publication.How did Carol become Editor-in-Chief of such a historic publication?Carol “boomeranged” back to the organization after 20 years at UMass Amherst. Her archival and publications work there prepared her well, since the Almanac is essentially an evolving 234-year archive. As a lifelong gardener, she considers the role her dream job.What does an almanac actually do today?At its core, the Almanac remains a “calendar of the heavens”—tracking moon phases, sunrise/sunset, tides, and seasonal shifts. It layers this with planting guidance, long-range weather forecasts, reference tables, quirky curiosities, and everyday inspiration delivered “with a pleasing degree of humor,” following the founder's charge.How does the Almanac support readers in different climates like Arizona vs. North Carolina?Weather forecasts and planting tables are region-specific across 18 U.S. zones. Frost dates, planting windows, and climate references are calibrated for local conditions, and updated continually—especially after recent hardiness zone shifts and warming trends.Is the Almanac adapting to climate change?Yes. Carol explains that warming patterns have required updated planting and frost guidance nationwide. The Almanac recalibrated its data after the 2022 hardiness zone update and continues to adjust based on reader feedback and on-the-ground observations.How does long-range weather forecasting work, and why is it famous?Though not fully explained in this segment, Carol highlights that long-range forecasting is a tradition dating back to the Almanac's founding and remains one of its most used...
China will continue exerting a "more proactive" fiscal policy and "moderately loose" monetary policy next year, as it strives to promote "effective qualitative improvement" and "reasonable quantitative growth" in its economy, according to a key Party leadership meeting on Monday.周一召开的党内重要领导会议指出，中国明年将继续实施“更加积极”的财政政策和“适度宽松”的货币政策，着力促进经济实现“质的有效提升”和“量的合理增长”。The meeting was convened by the Political Bureau of the Communist Party of China Central Committee to analyze and study the country's economic work in 2026. Xi Jinping, general secretary of the CPC Central Committee, presided over the meeting.中共中央政治局召开会议，分析研究2026年全国经济工作。中共中央总书记习近平主持会议。The decision-making body of the Party emphasized that the country would adhere to the overarching principle of "seeking progress while maintaining stability", and better coordinate domestic economic work and endeavors in the international economic and trade arena, as well as development and security, according to a statement released after the meeting.根据会后发表的声明，党的决策机构强调，国家将坚持“稳中求进”的总方针，更好地统筹国内经济工作与国际经济贸易领域的工作，以及发展与安全。While noting the importance of implementing more proactive and effective macroeconomic policies, the decision-making body highlighted the need to enhance the foresight, targeting and synergy of policies.决策机构在强调实施更积极、更有效的宏观经济政策的重要性时，同时指出需要增强政策的预见性、针对性和协同性。It called for continuous efforts to expand domestic demand and optimize supply, develop new quality productive forces tailored to local conditions, advance the construction of a unified national market in greater depth, and prevent and defuse risks in key areas, the statement said.声明指出，要持续努力扩大内需、优化供给，发展适应本地条件的新质生产力，更深入地推进全国统一市场建设，并在重点领域防范化解风险。Efforts should be made to stabilize employment, enterprises, markets and expectations to maintain social harmony and stability, and ensure a good start for the 15th Five-Year Plan (2026-30) period, the statement added.声明补充道，应努力稳定就业、企业、市场和预期，以维护社会和谐稳定，确保第十五个五年规划（2026-2030年）时期开局良好。It was noted at the meeting that counter-cyclical and cross-cyclical adjustments should be strengthened to effectively enhance the efficiency of macroeconomic governance.会议指出，应加强逆周期和跨周期调节，切实提升宏观经济治理效能。The meeting called for building a robust domestic market by expanding domestic demand, stepping up fostering new growth drivers by promoting innovation-driven development, enhancing the momentum and vitality of high-quality growth by deepening reform, and bolstering win-win cooperation across various fields by adhering to opening-up.会议强调，要通过扩大内需来建设强劲的国内市场，通过推动创新驱动发展来培育新的增长引擎，通过深化改革来增强高质量发展的动能和活力，并通过坚持开放来促进各领域共赢合作。The meeting also underlined the need to promote urban-rural integration and coordinated development across the regions, drive green transformation on all fronts, prioritize people's livelihoods, and bear in mind the worst-case scenarios to resolve risks in key areas in a proactive and prudent manner.会议还强调，要推进城乡融合发展和区域协调发展，全面推进绿色转型，着力改善民生，并以最坏的情况为准备，积极审慎化解重点领域的风险。During the meeting, a set of regulations on the CPC's leadership over law-based governance in all respects was reviewed.会议审议通过了《中共中央全面依法治国领导条例》。Historically, the Political Bureau's December meeting has been closely followed by the annual Central Economic Work Conference, which typically sets the tone for economic work in the year ahead.历年来，中共中央政治局12月会议之后紧接着召开的中央经济工作会议，通常为来年经济工作定下基调。China's gross domestic product grew 5.2 percent year-on-year in the first three quarters of 2025 despite rising external headwinds, and attention is now shifting to next year, the start of China's 15th Five-Year Plan period.尽管外部逆风加剧，中国2025年前三季度国内生产总值同比增长5.2%，目前关注焦点正转向明年——中国第十五个五年规划周期的开端。Ahead of Monday's Political Bureau meeting, the CPC Central Committee held a symposium with non-CPC personages on Wednesday in Beijing to solicit their opinions and suggestions on this year's economic situation and economic work for 2026.在周一政治局会议召开前夕，中共中央上周三在北京召开非党人士座谈会，听取他们对今年经济形势和2026年经济工作的意见建议。At the symposium, representatives of non-CPC personages gave their suggestions on a number of issues, including optimizing industrial layout, expanding domestic demand and high-standard opening-up, enhancing people's well-being, and boosting high-quality employment.在座谈会上，非党代表人士就优化产业布局、扩大内需和高标准开放、提升民生福祉、促进高质量就业等若干问题提出了建议。Xi presided over the symposium and delivered an important speech. He emphasized that the supporting conditions and fundamental trend for long-term economic growth in China remain unchanged.习近平主席主持座谈会并发表重要讲话。他强调，中国经济长期向好的基本面没有改变，支撑经济持续增长的条件没有改变。He called for remaining confident, leveraging China's strengths and tackling challenges, and working to consolidate and expand the positive momentum in the economic upturn in order to make a good start in implementing the 15th Five-Year Plan.习近平主席呼吁保持信心，发挥中国优势，应对挑战，努力巩固和扩大经济复苏的积极势头，为实施十五规划开好头。He said that the CPC Central Committee had implemented more proactive and effective macro policies this year, and the main goals for economic and social development are expected to be accomplished.习近平主席表示，中共中央今年实施了更积极、更有效的宏观政策，经济社会发展主要目标有望实现。Xi noted that China has effectively navigated various shocks and challenges over the past five years. As the 14th Five-Year Plan (2021-25) is set to approach a successful conclusion, the country's strengths in the economy, science and technology, and comprehensive national strengths have been significantly enhanced, he said.习近平主席指出，过去五年，中国有效应对了各种冲击和挑战。随着“十四五”规划（2021-2025年）即将圆满收官，我国经济实力、科技实力、综合国力都得到了显著增强。Noting that non-CPC personages had carried out in-depth research on key issues arising in economic and social development and provided important references for the CPC Central Committee's scientific decision-making, Xi expressed thanks to them on behalf of the CPC Central Committee.习近平指出，非中共人士对经济社会发展中的重大问题进行了深入研究，为中共中央科学决策提供了重要参考。他代表中共中央向他们表示感谢。Xi called on them to actively contribute their wisdom and efforts to the formulation and implementation of the 15th Five-Year Plan, conduct in-depth research on topics such as building a modern industrial system, developing new quality productive forces tailored to local conditions, and establishing a strong domestic market, and put forward their opinions and suggestions.习近平主席号召他们积极为制定和实施十五五规划贡献智慧和力量，深入研究建设现代工业体系、培育适应本地特点的新质生产力、壮大国内市场等课题，并提出意见和建议。
Keith reviews the state of the real estate market, noting that existing home sales are down about 33% from their 2021 peak, while prices remain firm due to low supply and high demand. Affordability challenges are driven by stagnant wages, inflation, and higher mortgage rates, with 70% of mortgage holders still locked in at rates below 5%. He observes that in certain markets, new construction may now offer better investor terms than comparable existing properties, especially where builders buy down rates. The episode highlights a comparison of nearly a century of asset class returns, reporting real estate's long-term annual appreciation at approximately 4.7%. Episode Page: GetRichEducation.com/583 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 or text 'GRE' to 66866 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, how do other audiences feel about the GRE mantras that we've come to love here, like financially free beats debt free and don't get your money to work for you? Then sometimes it's not what you're attracted to in life, but what you're running away from finally comparing the returns from six major asset classes over the past century all today on get rich education Keith Weinhold 0:29 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 Corey Coates 1:18 You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education. Keith Weinhold 1:34 Welcome to GRE from Kennebunkport, Maine to Bridgeport, Connecticut and across 188 nations worldwide. It is the voice of real estate investing since 2014 I'm Keith Weinhold, and I'm grateful to have you here with me, and we're doing something a little different today, as you'll soon listen in to me as I was on the hot seat being interviewed on another prominent real estate show. But first, when you pull back and ask yourself, why you're really an investor in the first place? There are so many reasons. Maybe you just want a few properties in order to supplement your day job income. Maybe you want to have more than a few so that you can completely replace that active income, or perhaps rather than going the route of building up your cash flow, which is valid, but some think that it's the only way to real estate financial freedom. Instead, you could own, say, nine doors or 22 doors, and even if they all had zero cash flow, you can just keep borrowing against that leverage and equity tax free and live off of that whatever you do when it comes to your day job, income, your degree of disdain for your nine to five job that is going to be greater or less than it is for some others. So your motivation for self improvement, it isn't always about what you're running to in life, which could be real estate investing, but it's also what you're running away from, especially if you don't get a deeply rooted sense of meaning from your job. So you could have both a push factor and a pull factor in what motivates you. There's a scene from the 1999 movie Office Space that just does this incredibly unvarnished job of saying out loud how so many of us feel today. What I'm going to share with you, I mean, you know that you have felt this at least once in your life. Office space wasn't supposed to be a mega hit movie, but it kind of was, because it's so relatable. Let's listen in to part of this clip. This is Ron Livingston playing a disgruntled male employee talking to Jennifer Aniston at a restaurant about his job in the movie Office Space. Speaker 1 4:09 I don't like my job, and I don't think I'm gonna go anymore. You're just not gonna go. Yeah, won't you get fired? I don't know, but I really don't like it, and I'm not gonna go. Keith Weinhold 4:24 Then it continues when she asks. So you're just gonna quit? No, not really. I'm just gonna stop going. When did you decide all of that? About an hour ago? Really? Yeah, aren't you going to get another job? I don't think I'd like another job. What are you going to do about money in bills and all that? I've never really liked paying bills. I don't think I'm going to do that either. Keith Weinhold 4:53 That's it. That is the end of that classic dialog from office space that we can. All relate to you did not wake up to be mediocre, but a lot of people's jobs pummel them into a rather prosaic state. You were born rich because you were born with this abundance of choices, this huge palette in menu, but society often stifles that and makes you forget it, and it gets really easy to just fall into your groove and stay there. The main reason we aren't living our dreams is really because we're living our fears. Failure doesn't actually destroy as many dreams as people think fear and doubt. Does fear and doubt destroy more dreams than failure ever does financial runway? That is a phrase for the amount of time that you can maintain your lifestyle without the need for a paycheck. And it's critical for you to lengthen this runway if you hope to retire early, and it will dramatically reduce your stress level. An example is say that you currently earn 150k per year after taxes, and you spend 126k of that, all right. Well, that means you've got a surplus of 24k a year. Well, it's going to take you a little over five years to accumulate that 126k that you need to annually support your lifestyle. That's what happens if you don't invest. And see investing helps you lengthen your financial runway, that amount of time you can maintain your lifestyle without the need for a paycheck. That's what we're talking about here. Last week I brought you the show from Caesar's Palace in the center of the Las Vegas Strip. So therefore, what I've done is I have gone from the ostentatious and flamboyant over here to the familial and simple as this week I'm in Buffalo New York, broadcasting from a somewhat makeshift GRE studio here, the Buffalo Bills had a home game yesterday, so the city and hotels are busier than usual. Next week, I will bring you the show from upstate Pennsylvania, as I'm traveling to see my family. Let's listen in to me on the hot seat. I was recently a guest on Kevin bups long running real estate investing show. You're going to get to see how I present information and GRE principles for the first time to a different audience. And as I do, you're going to hear me provide new material, but you'll also hear me say quite a few things that I have told you before, even then, the concepts might land differently when I'm explaining them to a new audience. The show is based in Florida, so We'll also touch on the real estate pain and opportunity there. After I'm interviewed, I'm going to come back and tell you about something fascinating. I'm going to compare the returns from six major asset classes over the past century, since 1930 anyway, and that's going to include the first time on the show where I'll tell you real estate's annual appreciation rate over the last entire century. Just about what do you think it is? 8% 5% 3% you're gonna have, perhaps the best answer you've ever had. Here we go. Kevin Bupp 8:31 Now, guys, I want to welcome back a guest that we've had on. It's been a number of years now. Keith Weinhold, I went back to look at the last episode we had him on. I think it's been about four years. So, you know, four years ago, the world was in the very different state. It was a very different time. And so, you know, thankfully, we're out of the covid era and on to newer and greater things. So for those that don't know Keith, he's the founder of get rich education. He's the host of the popular get rich education podcast. He's a longtime thought leader in the real estate investing space, and like myself. Keith was also born and raised in Pennsylvania. For those that know don't know, I was born and raised in Harrisburg, Pennsylvania, Keith, I believe, a couple hours away from where I was. But Keith has very much a unique perspective on wealth, building debt, and really the housing market as a whole. And today, you know, we'll be diving into everything you know, from why the property itself? This is something that Keith kind of coins, why the property itself is less important than you think, to how the housing crash has already happened in a way that most people don't even realize, to the role inflation and debt play in building long term wealth. And so again, it's been a number of years here, so I'm excited to welcome Keith back here. So my friend, Keith, welcome to the show. It's it's a pleasure to have you back here again, my friend. Keith Weinhold 9:43 Oh, Kevin, it's good to be here and be in the auspices of another fellow native Pennsylvanian as well. Kevin Bupp 9:49 That's right, that's right, yeah, no, Pa is rocking and rolling as I think I told you this little, this little tidbit last time everyone, every time I speak with someone from Pennsylvania, they never know this. But I'm going to share this fun fact. Are you already know, Keith. I'm gonna share it with the rest of the listeners here today, Pennsylvania, those that are born and raised there. It's the only state where, if you're from Pennsylvania, you refer to it by its initials, and you assume that everyone else, everywhere else across the country, they know what you're talking about when you say I'm from PA and that's the only state that does that. So I think it's pretty neat. Keith Weinhold 10:19 That's right. No one else does that. No one else says, I'm from TN, if they're from Memphis, right? Kevin Bupp 10:24 They don't, they don't. So with that, my friend. So, you know, it's, again, it's been a number of years since we, since we had you last on here, you know, let's start with just, let's back up a little bit. You know, what have you been up to? I mean, what, what have the last few years look like for you? Where have you been spending your time, energy and efforts? Obviously, it's, you know, we've gone through some quite a bit of turmoil over the last five years, and would love to just get an update as to what's going on your life. Speaker 2 10:48 Well, one of the big words in real estate investing, we all know it, even the person that cuts your hair and cleans your teeth knows it, and that's affordability. You know, really, affordability has been under fire, under pressure. By a lot of measures, we have the worst affordability for home buying since the early 80s, when the Jeffersons was on television. So it's been helping a lot of people deal with that. It's really the effect of three things, general inflation, higher home prices and higher mortgage rates. Really, those three things the crux of the problem. It's not exactly inflation, really. It's the fact that over the long term, wages don't keep up with inflation. And really that's the crux of the affordability problem. So I've been helping people deal with that and put that in perspective, really, Kevin, Kevin Bupp 11:42 what does that mean for, you know, investment, real estate? I mean, are you still still doing deals? Are you seeing deals still get done by your students? I mean, what? What's your world look like? Keith Weinhold 11:52 Yeah. I mean, I think you're asking, you know, how many deals are taking place? One way to measure that on a national basis is existing home sales. You know, existing home sales have been down substantially. And when a lot of people hear that, they think, prices, oh no, we're not talking about prices. We're talking about existing home sales. That means sales volume. That means the amount of overall transactions. So to give an idea of a real estate market, a residential one that's become pretty lethargic and not very vibrant, is that sales volume. It had its recent peak of about 6 million home sales back in 2021 I mean, 2021 was crazy, kind of the crux of the pandemic, you know, Kevin, that's when for an open house. You saw cars wrapped around the block for just one open house. Okay, well, that year 2021 there were 6 million existing home sales. Today, we're on pace to do about 4 million, and we also did only about 4 million last year. So if you put that in perspective and think about what that means, prices have stayed stable, but that's a 33% reduction in transactions. So investors, you know, people like you and I, Kevin, we're not as affected by this as some other industries. But think about the mortgage loan industry. If you're doing 33% fewer transactions, think about the hard decisions companies have to make and lay people off. 33% fewer transactions for title companies. It's probably close to 33% fewer transactions for furniture companies as well. So really it's both affordability that's been a problem, and that's led to this relative lethargy, kind of a slow, not very interesting residential real estate market, at least from the transaction perspective, really, really slow. Kevin Bupp 13:58 But Could, could one not argue, I don't know the data points. Keith, I guess, what did it look like? 2021? Was kind of the peak. I think you'd reference 6 million units a year. Transactionally, what did it look like prior? What, what was, what was a more normal year like? And maybe 2020, wasn't a normal year either, right? Because a lot of folks thought the role was ending for a period of time. You know, 2019 maybe just again, trying to, trying to find maybe a better baseline to use. And then, you know, does, I guess, in my mind, and I don't follow these data points as much as you do, is that maybe 2021, was, you know, somewhat artificial inflation, right? Lots of lots of money pumping into the marketplace. And ultimately, we had to get back to a sense of normalcy at some point in time. And so are we at a at a place of normalcy? Are we still behind the eight ball a little bit? Keith Weinhold 14:44 We're still behind the eight ball a little bit. 5 million is more of a normal long term number. But yeah, I mean, if we've got 4 million now, that's, you know, 25% less still than 5 million, sort of this long term normalcy rate of existing. Home transactions. And if you're a careful listener, you notice I've been using the word existing that doesn't include new build. So you know, when you the listener out there reading headlines, always look at that closely. We talking about existing? Are we talking about new build? You can learn a lot from that when you introduce new build data that introduces an awful lot of noise. For example, even when we look at prices, sometimes we want to exclude new construction. So why is that? Why do we want to focus on existing a lot? Well, because new build can introduce a lot of aberrations to the market. For example, the size of new build properties has dropped substantially the past few years, again, coming back to the central theme of affordability to help make a home more affordable. So we're not looking at same same when the square footage of a property drops a lot. And also, another thing that's been happening as a response to the lack of affordability is you have more builders building further and further out from a central business district where there are lower land costs for that new build property as well to help meet affordability. So the takeaway is, yeah, we want to be careful when we look at numbers. Are we looking at existing? Are we looking at new? Are we looking at overall properties. Kevin Bupp 16:22 If you believe that if rates come down, we really is that the is that the lever that has to be pulled in order for that transactional volume to kick back up and, you know, make homes more affordable for the average home buyer, Keith Weinhold 16:34 yeah, it's certainly going to help. I mean, really lower rates is the most likely significant lever that can help with the affordability crisis. Prices are pretty firm. Home prices are up 2% year over year. It's difficult for home prices to fall. In fact, home prices have only fallen one time substantially since World War Two. A lot of people don't realize that. So home prices are firm. I expect them to stay firm. And then the other lever is if we get a huge surge in wage increases, which I really don't expect anytime soon, unless we have another really big bout of inflation. So to your point, yes, lower mortgage rates like, that's the biggest lever that can help affordability return. And to speak to mortgage rates, Kevin and help put all of this into perspective, including this affordability component, is the fact that today, mortgage rates are low, and that gives a lot of people pause. They're like, What are you talking about? Mortgage rates were 3% even as low as two point some percent, just as recently as 2021 and early 2022 What are you talking about? Like, mortgage rates are 2x to 3x that today we look at a long term perspective when we look at the arc of mortgage rates, instead of in setting up expectations where we think rates could go. And we need to look at a frame of reference. Mortgage rates peaked over 18% in 1981 that's if you had a good credit score and everything on a 30 year fixed rate mortgage. That's what we're talking about here. In fact, Freddie Mac, they're the ones that have the best, most reliable stat set for mortgage rates, and that goes back to 1971 the average mortgage rate since 1971 all the way up to today, through all these presidential administrations you know, Nixon and in the Reagan years, and Clinton and the bushes and Obama, everything You know up to today, from 1971 until today, the average 30 year fixed rate mortgage is 7.7% so that's why I talk about how mortgage rates are, you know, moderate to a little low today. That takes a lot of people back. I don't see any impetus. It's going to get us back to, say, 3% mortgage rates. So some real perspective here. Kevin Bupp 19:06 Yeah, yeah, no. And, you know, the interesting thing again, you might have data points on this to see, is a lot of the lack, do you feel that a lot of the lack of transactional volume is also related to those folks that have locked in, you know, 3% you know, mortgages, right? Like they're they, why would they sell and ultimately trade into a, maybe a, you know, a, you know, upgrade of a home, but ultimately be paying significantly more than that of what they're paying at the present time, you know, double the cost of capital. Your rates today, 30 year, rates are where the six and a half, 7% range, I don't follow it, but yeah. Keith Weinhold 19:42 I mean, as of today, 6.3% is is where they're at. But yeah, you have a lot of those homeowners locked in to low rates. I mean, first, if we just pull back and look at the overall homeowner landscape, four in 10 have a paid off property. So just to talk to those about the other. Or 60% that percentage that are mortgage borrowers, among borrowers, 70% still have a mortgage rate under 5% meaning it starts with a four or less. So yeah, you're bringing up astutely Kevin the lock. In effect, people are reluctant to sell and give up that rate to trade it for a higher rate. And here's what's interesting, a lot of people if they couldn't make the payments on their home and say they lost their home, something that actually happened a lot in 2008 when people were locked into in sustainable mortgages because they didn't have good credit and they didn't have good income, the borrower is in good shape today. But even if, for some reason, they couldn't make the payments on their home, and they lost their home and they had to rent. Rents are actually higher in many cases, than what that mortgage principal and interest payment is. Maybe even the mortgage principal interest, taxes and insurance that they pay today are lower than what comparable rent would be, and this helps stabilize the housing market, people are really motivated to make their payments, and they can easily do it when it is so low, speaking to that lock in effect, and we're bringing up another reason now why transaction volume is so low, that lock in effect. So homeowners are in good shape. Their payments are sustainable. They don't want to sell, and they're just staying put. They're staying in place Kevin Bupp 19:42 tying that all back around. Keith, what does that mean for us real estate investors? I mean, is there still good value out in the marketplace? I mean, is the rent to value ratio still, you know, Is there good opportunity to be had, as far as ROI for an investor that wants to buy into a residential investment or a multifamily investment, or anything related to that of residential housing? Keith Weinhold 19:42 Well, the deals in the one to four unit space, single family homes up the four Plex buildings, yeah, just are not as good as they used to be. The ratio of rent income to purchase price is lower than it was five years ago. And that's so simple, but that's just really the simplest formula for profitability for a real estate investor, you don't have to look at cap rate or or NOI in the one to four unit space. Let's just look at that ratio of rent income to purchase price. 20 years ago, it was easy to find a full 1% meaning, on a 200k property, you could get $2,000 worth of rent income. That's that 1% ratio. But now oftentimes you've got to find something that's more like seven tenths of 1% that would be a $1,400 rent on a 200k property. So that simple formula, and I love that, the rent income divided by the purchase price when I'm looking at properties, when I'm scrolling or scanning like that's a calculation you can do in your head. It's only if I would see a ratio that appears really good, oh, that I would like drill down and look at that property more closely. So of course, when you have something that is that simple, though, rent income divided by purchase price, there's a lot of things that doesn't tell you. You know, what kind of mortgage interest rate can you get? What kind of property tax Do you pay in that jurisdiction? But really, I love the simplicity. That's it, rent divided by price, but it has been under attack. Now today, I still don't know where you're going to get a better risk adjusted return than you do with a carefully bought income property with a loan. I've always liked fixed interest rate debt the best risk adjusted return anywhere. I really don't know of a better one than with buying real estate, because real estate investors have so many profit centers, five simultaneous profit centers, which few people understand. Yeah. Kevin Bupp 19:42 So using that, I want to, I want to unpack the the 1% rule a little bit for those that aren't familiar with it. And again, there's a lot of variables there, as you had mentioned, you know, mortgage rate, taxes, insurance and that respective market that you that you're buying in, and so what? What are you really trying to back into when applying that rule? Is there? Is there? Is there a true cash on cash return that you're hoping to achieve, again, assuming all these other variables that we just don't know, what they are at this point, you know? Is there a target range of actual ROI that you're actually looking to achieve when applying that 1% rule? Keith Weinhold 19:42 No, I'm just looking for any positive cash flow. You know, to your point, yeah, there's nothing like the cash on cash return needs to be at least three and a half percent or something like that. But, yeah, I still like buying a property that's that's greater than a break even. Inflation is probably going to increase your cash flow over time, even if you bought a property that that broke even or just had a trickle of cash flow or a $100 cash flow today, a lot of people don't understand that fact that right there you can't count on it, you shouldn't count on. Getting rent increases. But we all know it generally happens over time at a rate of about 3% a year, but it actually increases your cash flow. If you increase your rent 5% your cash flow can often increase something like 12% why is that? How could that happen? That's because, you know, it's key for the person that was listening closely, you get fixed interest rate debt, so your rent income goes up, your expenses increase, except for that mortgage principal and interest. Inflation can touch it. It's kind of like a mosquito buzzing against a window and always trying to get in. And inflation can't touch that in a way. It's sort of like debt that's an asset in some unusual way, or some play on words, getting that debt so So yes, you can't count on rent increases over time. We know what typically happens, and that's really part of the compelling value proposition of buying income property with a loan. You're sort of leveraging inflation. You're really on the right side of it. Kevin Bupp 20:08 Are there any particular markets that you feel are ripe for opportunity today where you're spending your focus and energies in? Keith Weinhold 20:08 Yeah, it's still in high cash flowing markets like Memphis, okay, little rock and a good part of the Midwest and the Midwest still has home prices appreciating faster than the national average as well. So those are some of the areas that I like. Those jurisdictions also tend to have laws, as your listeners might know this already, Kevin, they tend to have laws that benefit the landlord more so than the tenant, where you can get a prompt eviction, but those are still the areas where you do get that high ratio of rent income to purchase price on a single family rental home, you might still find eight tenths of 1% meaning $800 worth of rent for every 100k of property purchase in places exactly like that. Kevin Bupp 20:08 I was hoping that you tell me 1% rule would is applicable. Keith Weinhold 20:08 It's pretty rare. You know, if you do see, if you do see a property that has a full 1% rent to purchase price ratio, it could be in a sketchy area, you need to make sure that you can actually get the rent in like you would get a respectful rent paying tenant in there. That's something that we would have to look at more closely. Kevin Bupp 20:08 Have you explored building new product? Is there an opportunity there getting at a lower basis by building ground up? Keith Weinhold 19:42 You asked such a smart question. This is actually the first time ever, as long as I've been an active real estate investor, Kevin for more than 20 years where new build purchases for income property make more sense than existing purchases. Why is that? It's because builders know that investors and borrowers are struggling to buy and afford property and make the numbers work. Like you're talking about, that builders are incentivized to buy down your rate. For you, to buy down your mortgage rate, we deal with a lot of providers that buy down your mortgage rate to 5% or less for you, and this is a fixed, long term loan in order to help get the numbers to work. You know, especially where you might see a new build property where the rent to purchase price ratio is less than seven tenths of 1% and it's just like, ah, the numbers wouldn't work paying a higher mortgage rate, but some are willing to buy them down to as little as four and a half. However, if you're looking into buying a new build income producing property, you do want to look at that closely. Who is paying for the discount points to buy down the rate. Is it the builder, or is it you? Because some builders just suggest, hey, you can buy down. You can have your rate bought down. But yeah, the next question is, yeah, okay, who is actually doing the buy down? Yeah. Keith Weinhold 19:43 I mean, just getting tacked on. I mean, in that instance, I'm assuming that a lot of it's just getting tacked on to the to the back end of the purchase price, or it's being baked into closing costs somewhere somebody is paying for it. More than likely the borrower is paying for it. Paying for it. Is that? Is that? Again, I'm assuming we probably have that here in Florida. Again, I don't really follow the residential market too much, but there's, as you had mentioned, like, kind of on the the outskirts of Tampa, the tertiary, necessary, tertiary, probably more secondary areas. That's where a lot of the builds are happening. Lots of these, you know, planned subdivisions. You know, hundreds and 1000s of homes being put up. And in my understanding, through the grapevine, is I hear that they're, you know, sales volumes is incredibly slow, and a lot of these builders are now offering some creative loan products, again, to what you've just stated there, to attract, not necessarily even just homeowners, but also investors, to come in and buy their product from them. Is, is there a real opportunity there, though? I mean, have you seen investors be able to benefit from buying brand new product at a fair price, with economics at work keeping as a rental? Keith Weinhold 29:53 I have and Florida has some builders that are almost desperate. I'm a long time investor. Know personally, directly in Florida, income property, Southwest Florida, places like Cape Coral, they have been ground zero for real estate depreciation, a contraction in real estate values year over year of 10% or more in some southwest Florida markets. So like the post pandemic, migration boom is certainly over in Florida. And you know, Kevin, as little as 10 years ago, people used to talk about buy in Florida. It's cheap, it's sunny, cheap and cheerful, like you would sort of hear that sort of thing about Florida real estate. That is no longer true. Florida just is not as cheap as it used to be. It's the same or higher than the national median home price now in Florida. So yes, some builders are rather desperate. The other benefit of buying new build, especially in a place like Florida, where a lot of new building has taken place and the supply actually exceeds the demand here in the short period. You can take advantage of that, not only by getting the rate buy down, but because homeowners insurance premiums are substantially less on new build property, because they're built to today's wind mitigation and other standards than they are existing property. I have a friend that just bought a new Florida duplex through us in Ocala, Florida. That's sort of a central, North Central Florida, on that new build duplex that he paid 400k for. I saw the actual insurance premium, the the rate sheet, $694.06 $694 694 so the benefit of buying new build is you get a lower insurance premium. You get these rate buy down. Sometimes what your builder will buy for you make for you rather and of course, you're probably going to have low maintenance costs for a long time, since it's a new build property, and you get a tenant that is probably going to stay longer than the average duration. They're the first person to ever live there. It's difficult for the tenant to improve their housing situation when they have a new build income property, unless they would go out and buy, and it's a very difficult time to go out and buy. So through that lack of affordability, really, the advantage for a real estate investor is tenants are staying put longer. The average tenancy duration is up because they can't run out and be a first time homebuyer. Keith Weinhold 32:32 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. 1937795898, 77958989 Keith Weinhold 33:44 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 Todd Drowlette 34:17 this is the star of the A and E show the real estate commission. Todd Rowlett, listen to get rich education with my friend Keith Weinhold, and don't quit your Daydream. Kevin Bupp 34:38 That even trickles down to the to the space that we're in. We're in the mobile home park space. And while we don't have a lot of rentals inside of our portfolio, most of our residents own their home and they rent the land, but throughout our portfolio, we have roughly 400 units that we own that we have as standardized rentals, and we've noticed that trend as well. Historically. 10 years ago, you. Yeah, we track actually about, I can take it back about eight years, where we actually have data to support this. This claim is that our average renter would stay about 16 months. That was fairly standard. Whereas today it's over, it's nearly three years. At this point in time, the majority are staying nearly three in there's probably, there's some variables in there. You know, eight years ago, we weren't bringing a lot of new product into our communities, whereas a lot of the mobile home parks that we purchased today do have a lot of newer mobile homes in them. So again, to your point, it's, it's a it's a newer home. It's fresh. There might not be the first person that lived there, maybe they're only the second, right? But it's still a very new home. It's only a couple years old. All the appliances are new. It's fresh, you know, it's well insulated, and it's just a high quality product, but, but it's nearly double of what we used to experience and what we used to underwrite. It's, you know, which is, which is interesting. You know, I am, I want to, I want to circle back, you'd mentioned Cape Coral. I've got quite a bit, quite a bit of experience with Cape Coral. This is not the first time that Cape Coral and Port Charlotte in those areas have crashed. I mean, like, they've got quite an interesting history in time, back during the GFC, that area down there took probably one of the biggest hits in most of Florida, while, you know, the rest of Florida got, you know, pounded pretty hard with home values and decreasing home values decreasing rents, Port Charlotte, Cape, coral, in those areas as well. It's just It looks very different down there today. As far as you know, the job basis. I mean, there's a little bit more of a, you know, you know, an economy than what existed maybe 1015, years ago. But I don't know if you know the story of Port Charlotte. Is it some interesting history that you can if you want to spend some time, go on YouTube. There's some documentaries out there about, basically when that area was created. There's a two brothers that, essentially, you know, sold, subdivided and sold swampland and sold the dream to the northeast centers to come down and buy, you know, parcels of land down in Cape Coral, port, Charlotte and in that general area. And it took a lot of time for it develop over the years, but it's a beautiful area down there. But again, I think what happened to your point? A lot of folks during the covid era were wanting to come to Florida. We were fairly free down here. The sun was shining, you know, the Gulf of Mexico was warm, and that was a good value for a lot of folks. You know, the values were driving up there. Was home inventory down there. You got a good bang for your buck back at that point in time. But again, there's not, there's not as much as many amenities and supportive economy there. And then to me, there, like you might find in the Tampa area, or you might find Orlando, or even Ocala cow is a phenomenal market right now. And yeah, oh, Cal is, for those that don't you know you mentioned, you referenced the insurance there, which is, that's a great, that's a great price for that, that policy, you know, 700 bucks, basically, that is inland. For those that don't know the geography here in Florida, that is inland. So you are fairly protected from storms, you know, hurricanes and things of that nature, which crush us here on the on the Gulf Coast. But in any event, I just thought I'd share that there's some good, pretty cool documentaries out there in Port Charlotte, in the whole area down there, but a beautiful part of the country. But just Yeah, it's, it's suffering right now. There's, I think there's, I was looking the other day on Zillow. I just play around and check and see what waterfront home prices are going for. And down there, you can basically get a you can get a canal front home going out to the Gulf of Mexico for about $500,000 which was probably closer to 800,000 during, you know, the the boom era of 2021 2022 So historically, we used to buy properties down there. This is back in 2000 and 345, before the the GFC, we could buy those same properties for 150 and $200,000 waterfront home, waterfront homes, deep water canals going out to the Gulf of Mexico. But when it crashed, some of those homes were selling for $120,000 $100,000 so it's interesting to see how things have come kind of full circle multiple times, not just down there, but in all of Florida as well. Florida is always boom and bust. You know, I think they say that with you know, you could probably speak to that most of these coastal towns, whether it be in Florida, whether it be up the eastern seaboard, the coastal markets are definitely more of a roller coaster ride than the Midwestern markets, where you invest in would you? Would you agree with that? Keith Weinhold 39:09 Yeah, I would. And yeah, you talk about Florida being a boom and bust, and what you said is certainly true in the shorter term. Back in the global financial crisis, we saw more price blood letting in Florida than we did in other states as well. But over the long term, the long arc, I'm bullish on Florida because of just the obvious constant in migration story. In fact, if you go back to decennial censuses, all the way back to the early 1800s every single decennial census, every 10 years, the population of Florida has rose, and it rises faster than the national average, almost all of those 10 year periods. So yeah, over the long term, I certainly like Florida, but Yeah, you sure can, you know, nitpick over the. Short term, but as little as five years from now. If you bought today, as little as five years from now, I could see someone saying, like, yeah, I bought back five years ago, because we're actually in a in a short term, overbuilt condition, and builders bought down my rate. For me, this could look savvy and this could look wise. So if you're looking for opportunity, new building Florida is definitely something to look into. Kevin Bupp 40:22 I agree. No, absolutely. Like, the long term, you know, opportunity here in Florida, it's there, you know, it's interesting. We've got the we get these hurricanes every year. Last year was a pretty impactful year, at least here on the on the Gulf side, and the neighborhood I lived in, we got flooded. Luckily, our homes in newer builds built up. But, you know, 70% of the neighbor I lived in had 444, or five feet of seawater. And as did the, you know, the long stretch of the Gulf Coast here, and it was the first time this area has ever this immediate air right where we live, has ever had a it wasn't even a direct hit. It just happened to be a massive storm surge. But it was, you know, catastrophic as far as the damage that it did. And a lot of folks that we knew in our neighborhood here. Have lived here for 1020, 3040, or 50 years, and they had never had any floodwater whatsoever. And and there was two camps where they fell in either one camp where they didn't, they whether they had the money to rebuild or not, didn't matter. Like, mentally, they were never going to end up. They were never going to deal with that again. They were moving away, like they just didn't want to go through the heartache of that again. In the second camp, we're basically, I knew it was going to happen at some point in time. This is the kind of price to live, to pay, a live in paradise and and what ultimately occurred is, you know, you saw homes going up for sale, and in the initial chatter for those that that were impacted, is that, who's going to buy that? You know? You know, they're not going to get hardly anything for it. You know, it's just like, who's going to want to live here now that has been flooded. I said, Just wait. I'll say people have us as human beings, have short term memories. We do and and I can promise you, within a few months, those homes will be gobbled up, some will be knocked down, some will be rebuilt, but inevitably, the prices will come back incredibly strong, and you'll see very limited inventory, at least in desirable markets that are here on the water. And that's exactly that happened. Within six month period of time, prices are back up. You can't get your hands on a flooded property now, or one that had been flooded, right? Keith Weinhold 42:12 I can believe it. And this is not the way that you want to have a waterfront property when the water inundates you and comes to you, that is not the way to buy waterfront property. Kevin Bupp 42:23 Yeah, interesting, but, uh, no, Keith has been a fun conversation, my friend. So let's, let's talk about, you know, I like to you'll peek inside your brain if you were going to start all over again, from scratch, you know, you've been at this now, what? How long? Almost two decades. It's been, been quite Keith Weinhold 42:38 Yes, yes, more than two decades. Is that what you're asking, how would I start, starting from today? Kevin Bupp 42:47 Yeah, like, what would you do? Where would you focus, what asset type and any particular strategy outside of what you're doing today? You know, where would you focus your time? Keith Weinhold 42:55 Actually, it is quite a coincidence. The way that I would start all over again in real estate is the way that I did start in real estate. It worked out phenomenally, in a way it makes sense, because if it hadn't worked out phenomenally, you never would have heard of me, and I wouldn't have become this real estate thought leader or whatever, because this is a way, an everyday person with virtually no real estate knowledge and very little money. Can start out, what I did is I made the first ever home of any kind, a four Plex building where I lived in one unit and rented out the other three. This is something very actionable for your for your audience as well, Kevin. Or if maybe you're a listener that has a an adult daughter or son and they want to get started in real estate with a bang without much money, is to buy a four Plex, just like I did. You can use an FHA loan, a three and a half percent down payment. You have to live in one of the units at least 12 months, and at last check, your minimum credit score only needs to be 580 now you will get a lower interest rate if you have a higher credit score. But those are the only three criteria you need. I mean, what a country talk about? The American Dream. You can use that FHA program with a single family home, duplex, triplex or fourplex, that's the formula. That's how I began. Actually ended up living there a little more than three years. But what that did for me was remarkable, and in fact, you know what it taught me? Kevin and every listener can benefit from this. It's paradoxical. A lot of times I say things that you would not expect to hear that make you go, wait what? Whoa, how can that be? Is what it taught me is that I don't want to focus on getting my money to work for me. You probably wouldn't expect to hear that. It's actually a middle class paradigm to say, well, I don't want to work for money. I also want to get my money to work for me. I'm telling. You that that's going to keep you middle class, or worse, that's going to keep you working until old age, and you won't have an outsized life and retirement and options. If you think that the best and highest use of your dollar is getting your money to work for you, it's not what's the paradigm shift if this four Plex building taught me the way I started out, which is still the way that I would start out today, and you probably heard this before, but I'm going to put a new twist on it. Is you want to ethically get other people's money to work for you, and we can be ethical. We can do good in the world. Provide housing that's clean, safe, affordable and functional. Never get called a slumlord that way. You can employ other people's money three ways at the same time, ethically by buying an income property with a loan, like we've been talking about in Florida, or with this fourplex building. How do you do it three ways at the same time, using the bank's money for the loan and leverage, which greatly amplifies your return beyond anything Compound Interest can do. The second of three ways you're ethically employing other people's money is you're using the tenants money to pay for the mortgage and some of the operating expenses on this fourplex. And then the third way you're simultaneously using other people's money is using the government's money for generous tax incentives at scale. So the lesson is that the best and highest use of your dollar is not getting just your money to work for you, it's other people's money, in this case, the banks, the tenants and the governments. That's what you can do. I mean, what an opportunity. A lot of people just don't even know about that FHA program. Kevin Bupp 46:41 Yeah, I actually, I wasn't, I wasn't aware that it was that low of a down payment key. That's no idea. Three and a half percent, you said, a 550 credit score, believe me, 580 minimum credit. Keith Weinhold 46:51 And you have to, thirdly, you have to owner occupy a unit for at least 12 months. And hey, I'm not saying it's always easy. You know, you got to think about that. Your neighbors are also your tenants. And I don't know how to fix stuff. I still don't. I'm a terrible handyman, but it's good to learn a little about about human relations. And you know, letting finding a general way to let the tenants know that you have a mortgage to pay every month. I mean, just that alone can can help them ensure timely rent payments. But, and this also doesn't mean every area, or every four Plex building is is good, but, yeah, that's the opportunity. That's how I started. I would totally do it again. Kevin Bupp 47:27 Can you use that FHA program more than once? Or is that just the one time you know your first, first, first primary home purchase? Keith Weinhold 47:34 It's generally you can only use one at a time. There are some exceptions, like if you and your job move, like, a certain mile radius away from where you got the first one, but, yeah, generally it's only going to be one at a time. A lot of people don't use it. Don't know about it. In fact, if you have VA benefits, Veterans Administration benefits, you can get a similar program, like I was talking about, but zero down payment, rather than three and a half with an FHA loan. It's a really good, amazingly good opportunity. Kevin Bupp 48:05 That's incredible. That's incredible. Keith, my friend, I appreciate you coming back going. It's always good to catch up with you. Good to see that you're doing well. Keith Weinhold 48:17 Oh yeah, a terrific chat there with Kevin. I hope that you like that really. At our core, real estate investors are not day trading. We are decade trading. Now I'm in western New York today, at the other end of the state, NYU compiled some terrific statistics that you want to hear about for nearly the past 100 years. It is the annualized returns of six major asset classes. This spans, the Great Depression, a number of recessions, World War Two, the New Deal, gold standard, abandonment, brendawoods, the Cold War, Civil Rights Movements, oil shocks, Volcker rate hikes, the.com boom and crash, the 911, attacks, the housing bubble, covid, 19, AI revolution and 16 presidencies, all those ups and downs and war and peace and economic booms and economic lows, and now there is going to be a mild tongue in cheek element here, because stats like this drive real estate investors crazy, but this is often how mainstream media portrays asset class comparisons. All right, the six asset classes are stocks, cash, bonds, real estate, gold, and then inflation, which isn't in an asset class, but it's a benchmark. All of these begin from the year 1930 so spanning almost 100 years. Let's take it from the lowest return to the high. Best return the lowest is inflation. And what do you think the CPI inflation rate is averaged over the last 100 years? Any guess at all? You might be surprised. It is 3.2% Yeah, even though the Fed's CPI inflation target has long been 2% it runs hot longer than most people believe. So therefore, today's inflation rate isn't high, it's just normal. The next highest return is cash at 3.3% How did NYU measure that the yield from three months T bills? Next up is bonds. They returned 4.3% that's the 10 year treasury average of the last 100 years. The next highest is real estate at 4.7% that uses the K Shiller Index. Now we're up to the second highest. It is gold at 5.6% and the highest is stocks at 10.3% using the s, p5, 100, and this was all laid out in a brilliant chart that also shows the returns by each decade for all of these asset classes. You'll remember that I shared the chart with you in our newsletter a few weeks ago. Now you are smarter and more informed than the layperson is, you know, but they see this chart and they think, Oh, well, that's it. I've got my answer. Real Estate's 4.7% appreciation loses out to gold's 5.6 and stocks 10.3 and then they go back to watching Love is blind. But of course, rental property owners like us know that we often make five times or more than this 4.7% when we consider all those other income streams and profit centers, leverage, rents, ROA and inflation, profiting on our debt, it's often 25 to 30% total. It's sort of like judging a Ferrari by only measuring its cupholders or something. Now, would stocks 10.3% get adjusted up as well? Yeah, probably a little, because the s and p5 100 currently averages a 1.2% dividend yield, so that might be added on the 4.7% return for real estate. That cites the popular Case Shiller Index. And the way that that index works is that it uses a repeat sales methodology. So what that means is that the Case Shiller measures the sales price of the same property over time. Therefore a property would have to sell at least twice in order to be measured by this popular and widely cited K Shiller Index. So then the 4.7% appreciation figure excludes new build homes, and new builds appreciate more than existing homes, but you do have more existing homes that sell the new build homes, so we can pretty safely assume that real estate's long term appreciation rate is higher, likely between five and 6% there it is. So yeah, making comparisons across asset classes like this is pretty tricky, because investment properties leverage and cash flow gets nullified. And when you make comparisons like this, it's a big reminder that even if you can't get much cash flow off a 20 or 25% down real estate payment, sheesh, most people put a 100% payment into stocks, gold or Bitcoin, and they don't expect any cash flow. And Bitcoin isn't part of what we're looking at for this century long view, because it did not exist until 2009 and also NYU had to use some alternative statistics. Sometimes the s, p5, 100 index only came into being in 1957 and the Case Shiller Index 1987 Keith Weinhold 54:02 next week here on the show, I expect to answer your listener questions from beginner to advanced. You've been writing in with some good ones for the production team here at GRE. That's our sound engineer, Vedran Jampa, who has edited every single GRE podcast episode since 2014 QC in show notes, Brenda Almendariz, video lead, brendawali strategy talamagal, video editor, seroza, KC and producer me, we'll run it back next week for you. I'm your host. Keith Weinhold, don't quit your Daydream. Speaker 3 54:36 Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively. Speaker 2 55:04 The preceding program was brought to you by your home for wealth building, get richeducation.com
Series: The Advent of ____Week 1 Title: The Advent of HopeMain Scriptures: Proverbs 13:12, Isaiah 40:1–5, Luke 1:30–32, Galatians 4:4, John 14:3, Romans 15:13Big Idea:Hope is not a wishful feeling—hope has a Name, perfect timing, and a promised future.Jesus is our Hope, our Living Hope, and our Coming King. I. Introduction — What Advent Really MeansAdvent = “coming” or “arrival.” Not just remembering Christ's birth but anticipating His return.Historically marked by fasting, reflection, and preparing room for Jesus.Weekly themes: Hope, Peace, Joy, Love.Hope is often the hardest to hold onto—even for strong believers.“Hope deferred makes the heart sick…” (Proverbs 13:12).Hope delayed makes the heart tired. Hope can feel risky or fragile. II. The Reality of HopelessnessMany feel “learned hopelessness”—after disappointment, unanswered prayers, and long waiting, the heart stops expecting anything to change.People do this spiritually the same way the dogs did in the study.BUT God does not want His children living in hopelessness.Isaiah was sent to speak comfort, forgiveness, and hope to weary people.Isaiah 40:1–5: A message of comfort, deliverance, and restoration. God is leveling valleys and mountains—He is preparing a way. III. Truth #1 — HOPE HAS A NAMEHope is not a concept; it's a person—Jesus.Luke 1:30–32: The angel reveals Jesus as the promised One tied to Isaiah's prophecy.Jesus is our Hope… our Blessed Hope… our Living Hope.Our hope is anchored not in circumstances but in who God is. IV. Truth #2 — HOPE HAS PERFECT TIMINGGod's timing is not Amazon Prime—but it's always right on time.Galatians 4:4 — “When the set time had fully come, God sent His Son…”The 400 “silent years” were not silent—God was preparing the world:Socratic method encouraged questions.Old Testament translated into Greek.Jews scattered across the world.Rome built highways and unified language.When conditions were perfect for the gospel to spread, Jesus came.God works the same way in our waiting—He aligns things we cannot see. V. Truth #3 — HOPE IS COMING AGAINAdvent looks backward and forward—Jesus will return.John 14:3 — “I will come back and take you to be with Me…”A future hope: resurrection, restoration, eternal life.Proverbs 13:12 (full verse): Hope fulfilled becomes a “tree of life”—a sign of healing and wholeness in Revelation.One day every longing will be fulfilled.Until then, we choose hope. VI. Closing — A Call to RespondGroup 1: Those far from God—hope is not in something; it's in Someone.Group 2: Believers carrying heavy burdens—Romans 15:13 prayer of overflowing hope.Hope is our posture, our anchor, our promise.“Our hope is not in desired outcomes—but in God Himself.”
Kickstart Dos for A Very Tubi Christmas December! Congratulations to our friend Whitney Anne Adams and the opening of Five Nights at Freddy's 2! Whitney of course did all of the costume design in the movie, which had a NICE opening weekend at the box office. (Historically, box office wasn't the most important thing in our business. But, right now, with the theatrical experience once again at a crossroads, and the threat of that going away or shrinking again, it's the highest thing on the list.) ENJOY! Love and Rockets, Corey and Joseph ------------------ If you'd like to show your support for members of WGA, SAG, IATSE, as well as other workers in the entertainment industry, please take a look at the link below and maybe make a donation: Entertainment Community Fund https://entertainmentcommunity.org/support-our-work ------------------ As always, and maybe even more than ever, here are some mental health resources for North America: United States https://www.mentalhealth.gov/get-help/immediate-help https://suicidepreventionlifeline.org/ The Suicide Hotline phone number has been changed. Now, just text or call 988. Canada https://www.ccmhs-ccsms.ca/mental-health-resources-1 1 (833) 456-4566 Even though we don't say it in this episode, more NOW than ever before: PLEASE PLEASE PLEASE take care of yourselves and those around you. Be mindful of your surroundings. Karate in the Garage Linkages
Lindsay explores a recurring biblical pattern: darkness descends, people despair, and God responds with unexpected new life—often in the smallest, most fragile form. Beginning with Isaiah 9, the sermon describes the fear and political collapse in ancient Judah as the Assyrian Empire threatened destruction. In the midst of national crisis, Isaiah announces hope using prophetic past tense—speaking of God's future salvation as if it has already happened: “The people walking in darkness have seen a great light.” God's promised solution is surprising: a baby. Historically, this refers to Hezekiah, who eventually became a faithful king. But Christians also understand Isaiah's words as pointing forward to Jesus, born 700 years later during yet another time of oppression — this time under Rome. Again, God's response to overwhelming power is the quiet arrival of a child. Lindsay teaches that this ancient pattern still repeats today. In a world filled with darkness—personal, social, or global—God continues to bring forth new life, sometimes dramatic, sometimes subtle, but always powerful enough to push back the shadows. We are not asked to create the light; that is God's work. Our role is to notice it, trust it, rejoice in it, and live as though God's future is already unfolding. A modern illustration comes from Denzel Washington, who received a prophetic word as a struggling college student. Believing that God was at work shaped his choices, career, and sense of purpose. His story mirrors the message of Isaiah: when God speaks hope into darkness, new life breaks forth—and it is enough. fmhouston.com
In this episode of Diverse Voices Book Review, host Hopeton Hay interviewed Jarvis R. Givens, author of AMERICAN GRAMMAR: Race, Education, and the Building of a Nation. Jarvis reframes the origin story of U.S. education by centering Black and Native experiences. He explains how early schooling was directly tied to land dispossession, slavery, and laws restricting literacy, showing education as a tool of empire-building rather than pure democratic inclusion. Givens also highlights Indigenous and Black resistance, the role of Christianity, and figures like Booker T. Washington to illustrate the complex intersections of race, education, and nationhood. To visit his website, click on Jarvis R. Givens.Jarvis R. Givens is a Professor of Education and African and African American Studies and the co-founding faculty director of the Black Teacher Archive at Harvard University. His new book, I'LL MAKE A WORLD: The 100-Year Journey of Black History Month, is set to be published on February 3, 2026.Diverse Voices Book Review Social Media:Facebook - @diversevoicesbookreviewInstagram - @diverse_voices_book_reviewEmail: hbh@diversevoicesbookreview.com
Pathfinder Church | December 7, 2025 | Dion GarrettOur society has had a historically unique stretch of prosperity. The last seventy years have been marked by an almost uninterrupted growth in wealth, technology, and the creature comforts of life. But is this exceptional stretch of comfort the source of joy, or has it actually clouded our ability to experience pure joy?Website | https://pathfinderstl.orgOnline Giving | https://pathfinderstl.org/givePodcasts | https://pathfinderstl.org/podcastsFacebook | https://facebook.com/pathfinderstlInstagram | https://instagram.com/pathfinderstlSt. John School | https://stjls.orgContact Us | churchinfo@pathfinderstl.org
Known as the King of Sicily, Nero d'Avola is a wine that can be very approachable and fruity, and might just be the wine that you need to serve your friends and family who have not found a wine they like yet. Historically used as a blending grape, sometimes called a ghost grape and “medicine wine” by the French, Nero d'Avola was added to blends to add structure and alcohol. But today, it is finding its legs as a standalone varietal. If you or someone you love is a fancy wine drinker, they will probably not love Nero d'Avola, but if you want a casual cookout or party wine, Nero d'Avola may do the trick. Listen in to learn more about this most famous of Sicilian wines, and see if it might be something you want to try. We also talk to another listener to get their tribe name for the week, and we learn about a brazen wine heist in our Wine in the News This Week section. Wines reviewed in this episode: 2023 Purato Nero d'Avola, 2022 Planeta La Segreta Nero D'AvolaSend us a Text Message and we'll respond in our next episode!Contact The Wine Pair Podcast - we'd love to hear from you!Visit our website, leave a review, and reach out to us: https://thewinepairpodcast.com/Follow and DM us on Instagram: https://www.instagram.com/thewinepairpodcast/Send us an email: joe@thewinepairpodcast.com
This podcast is listener-supported. To receive new posts and support my work, consider becoming a free or paid subscriber.In this episode of Food for Thought, I explore the long, often-forgotten history of abstaining from meat during Advent and other Christian fasting periods, and how that tradition actually aligns beautifully with a modern vegan lifestyle.Drawing from my own Catholic upbringing, I look at how rites and rituals like Lent and Advent once emphasized simplicity, self-restraint, and giving up animal products, and how language, church rules, and holiday foods still carry traces of that history.I also invite listeners—religious or not—to consider their own version of conscious “fasting,” and I touch on traditional Advent/Christmas foods like Stollen that grew out of these practices.Here's the video version of the introduction to the re-broadcast:In this episode, you'll learn:* Historically, Christians spent more days not eating meat (and often other animal products) than eating it, especially around Lent and Advent.* The idea that being vegan is “incompatible” with culture or religion is new; religious abstinence from animal products is centuries old.* Words like “Carnival” (from carne levare – “remove meat”) and traditions like Meatfare/Cheesefare Sundays reflect this meatless history.* Advent used to be a serious season of fasting and abstinence, not just a time of treats, shopping, and countdown calendars.* Different Christian traditions (especially Eastern and Ethiopian Orthodox) still practice very strict, essentially vegan fasts for many days of the year.* Over time, church rules relaxed, and meat-eating became normalized and constant, while fasting became optional or symbolic.* You don't have to be religious to embrace the spirit of fasting: you can choose to simplify your diet, give something up (like alcohol, sugar, eating out, or processed foods), and let the feast feel more meaningful at the end.* Many beloved holiday foods—like Stollen, fruitcake, and other Advent breads and sweets—arose from these traditions of fasting, scarcity, and then feasting.* Part 2 will dive into Christmas feasting and traditional foods tied to the 12 Days of Christmas and Twelfth Night.Support the PodcastTo keep Food for Thought Podcast ad-free and accessible to all, I rely on the support of paid subscribers. If you're already one—thank you. If you're not, please consider becoming one. None of the companies below sponsored this episode. They're simply brands I personally use, love, and trust—which is why I agreed to be an affiliate.If you find this episode helpful, please consider giving it a like, share, comment, or restack. Remember Food for Thought is a listener-supported podcast, and your support as a paid subscriber helps me continue creating content that inspires compassion and action—for animals, people, and the planet.If you make a purchase using the links below, I receive a small commission at no extra cost to you—and you'll receive exclusive discounts using the codes provided!* Complement SupplementsEverything you need, nothing you don't. Complement makes targeted supplements for plant-based eaters, including B12, D3, DHA, and more—all from clean, trusted sources.
How to Choose a Financial Advisor: Fee-Based vs. Commission and What Retirees Need to Know Introduction Choosing the right financial advisor can feel overwhelming, especially when you’re navigating retirement planning or managing a lifetime of savings. With so many types of advisors—from traditional brokers to fee-based fiduciaries—how do you know which model serves your best interests? In this episode of The Tom Dupree Show, Tom Dupree and Mike Johnson walk through the evolution of financial advising, explain the critical differences between fee-based and commission-based models, and share what you should look for when selecting an advisor. Whether you’re working with a large brokerage firm or considering a local registered investment advisor, this guide will help you make an informed decision about your financial future. The Evolution from Brokers to Financial Advisors From Lockboxes to Digital Portfolios The financial advisory landscape has transformed dramatically over the past several decades. When Tom Dupree started in the business, the term “financial advisor” didn’t exist—only brokers. “When I started in the business, it was a broker. There were no such things as advisors,” Tom explains. Back then, fee-based advisors served only the ultra-wealthy with accounts of $5-10 million or more. Everyone else worked with commission-based brokers. Investors even held physical stock certificates and bonds in lockboxes at their banks. As Tom recalls: “I knew an older man who accumulated a lot of securities, bonds and stocks, and he kept them in his lockbox. He had to physically collect his own bond coupons.” The Rise of Discount Brokerages and RIAs The late 1980s and 1990s brought significant changes: Discount brokerage firms like TD Ameritrade, Schwab, Fidelity, and Vanguard emerged, allowing investors to manage their own portfolios Fee-based accounts became available at traditional brokerage firms Independent Registered Investment Advisors (RIAs) like Dupree Financial Group established themselves as fiduciary-focused alternatives This evolution created more choices for investors—but also more confusion about which advisor model best serves their needs. Understanding Different Types of Financial Advisors Commission-Based Brokers Commission-based advisors earn money when you buy or sell investments. While not inherently wrong, this model creates potential conflicts of interest. Key characteristics: Compensated through transaction commissions May recommend products that generate higher fees Not always held to fiduciary standards Common at firms like Edward Jones and traditional wirehouses As Mike Johnson notes: “You the consumer need to be aware of what their incentive is. Some advisors are incentivized by transactions.” Fee-Based Registered Investment Advisors Fee-based RIAs charge a percentage of assets under management rather than commissions on transactions. Key characteristics: Held to fiduciary standards (legally required to put client interests first) Fees typically range from 0.5% to 1.5% of assets annually Incentivized to grow your account value, not generate transactions Provide ongoing investment management and financial guidance “We manage money for a fee and we offer advice. We counsel with people,” Tom explains about Dupree Financial Group’s approach. “It makes it simple. We’re not trying to do other things that you don’t expect us to try to do.” Hybrid Models and Large Brokerage Firms Many large brokerage firms now offer both commission-based and fee-based services, along with additional offerings like legal and accounting departments. Tom cautions about potential conflicts with these one-stop-shop models: “If everybody is working under the same roof and getting paid by the same income stream, they’re gonna all pretty much march to the same company line.” Fee-Based vs. Commission: Understanding Advisor Incentives How Incentives Shape Investment Recommendations Your advisor’s compensation structure directly impacts the advice you receive. Understanding these incentives is crucial for retirement planning. Commission-Based Incentives: Generate income through buying and selling May encourage unnecessary trading or higher-cost products Can create pressure to recommend certain investments Fee-Based Fiduciary Incentives: Earn more only when your account grows Motivated to preserve capital and generate steady returns Aligned with long-term retirement goals “The incentive for us, for example, is to mitigate risk, but to also try to earn a rate of return above the rate of inflation and hopefully the rate of withdrawal,” Mike explains. “It aligns with what our client’s interests are.” The Fiduciary Standard: What It Means for You A fiduciary is legally obligated to act in your best interest. This is the highest standard of care in financial services. When you work with a fiduciary RIA: Your interests come first, always Conflicts of interest must be disclosed Recommendations must be suitable for your specific situation Transparency is required in all fee structures Red Flags When Choosing a Financial Advisor Warning Signs to Watch For Not all financial advisors operate with your best interests at heart. Here are red flags Tom and Mike have observed over 47 years in the investment business:
The Scripture readings for this homily: https://bible.usccb.org/bible/readings/120525.cfmTo encounter Christ is to encounter the One who heals—physically, spiritually, supernaturally. Today's Gospel reminds us that miracles are not mythology but reality. Two blind men cry out, “Jesus, Son of David, have mercy on us.” Their plea becomes the seed of what the Church would later cherish as the Jesus Prayer—“Lord Jesus Christ, Son of God, have mercy on me, a sinner.”The Fathers of the Church teach us that Scripture works on multiple levels. Historically, the miracle happened. Allegorically, the story unveils the drama of the spiritual life. We, too, are often blind—moving through seasons of darkness, dryness, and desolation. St. John of the Cross calls this the “dark night of the senses,” a purification God permits so that we learn fidelity beyond feelings.Yet God does not leave the faithful in darkness. For those who persevere, He leads them into illumination, contemplation, even the grace of infused prayer—where, as St. Teresa of Avila describes, the soul is “invaded by the supernatural.” Prayer shifts from something we do to something God does in us.This is the heart of the Jesus Prayer. Slowly, reverently, breathed in rhythm with the heart, the soul becomes accustomed to the presence of Jesus. The Eastern saints tell us that one can reach the place where even in sleep the heart continues to pray.This is our call: not merely to “say prayers,” but to become prayer. To carry Jesus in every breath. To let His name shape our thoughts, our conversations, our interior life. When we invoke His Holy Name, He draws near—because He desires intimate communion with us.To go deeper in your spiritual life, visit DivineMercyPlus.org, our free, ad-free Catholic streaming platform. And for guidance in prayer and contemplation, see the link in bio for resources and books that can help you journey into the heart of Jesus.#marian #marians #marianfathers #marianhelpers #divinemercy #thedivinemercy #catholic #catholicism #romancatholic #romancatholicism #catholictiktokAdditional tags: #jesusprayer #easterncatholic #prayerlife #frdanielmaria #holiness #contemplativeprayer #scripturestudy #dailyhomily #spiritualgrowth #christianprayer ★ Support this podcast ★
In his timely, thought-provoking book Thinking Historically: A Guide to Statecraft and Strategy (Yale UP, 2025), Francis Gavin makes a powerful case for why a genuine historical sensibility, rooted in curiosity, humility, and discernment, is not just an academic virtue but a critical tool for decision-makers. Rather than mining the past for tidy analogies, he argues that history should be practiced as a way of thinking: it complicates our assumptions, reveals the unexpected, and helps us understand the world, ultimately making it easier to achieve a clarity of perspective. By weaving together lessons from statecraft and strategy, Gavin shows how thinking historically equips leaders to navigate complexity, confront uncertainty, and make wiser choices in a world that all too often misuses or neglects the wisdom of the past. The book is a major contribution to the ongoing conversation about the impact that history (and the humanities) can make outside of academia. Even more importantly, Thinking Historically also functions as a practical guide to historically-grounded decision-making. We've been waiting for this book for a long time. Check out the episode if you want to learn about the value of history in decision-making, reflect on how teaching history to policymakers is like teaching sex education to teenagers, hear about how Ben Bernanke used history to make impactful economic decisions in 2008-2010, and consider what historians can learn from nuclear physicists. Not to be missed! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network
In his timely, thought-provoking book Thinking Historically: A Guide to Statecraft and Strategy (Yale UP, 2025), Francis Gavin makes a powerful case for why a genuine historical sensibility, rooted in curiosity, humility, and discernment, is not just an academic virtue but a critical tool for decision-makers. Rather than mining the past for tidy analogies, he argues that history should be practiced as a way of thinking: it complicates our assumptions, reveals the unexpected, and helps us understand the world, ultimately making it easier to achieve a clarity of perspective. By weaving together lessons from statecraft and strategy, Gavin shows how thinking historically equips leaders to navigate complexity, confront uncertainty, and make wiser choices in a world that all too often misuses or neglects the wisdom of the past. The book is a major contribution to the ongoing conversation about the impact that history (and the humanities) can make outside of academia. Even more importantly, Thinking Historically also functions as a practical guide to historically-grounded decision-making. We've been waiting for this book for a long time. Check out the episode if you want to learn about the value of history in decision-making, reflect on how teaching history to policymakers is like teaching sex education to teenagers, hear about how Ben Bernanke used history to make impactful economic decisions in 2008-2010, and consider what historians can learn from nuclear physicists. Not to be missed! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/history
How should Christians hear God's Word? Historically they have 1. Read it publicly2. Heard it preached 3. Responded in prayer But there are also short liturgical pieces that help amplify and highlight how we consume God's Word. Pastors John and Tim sit down with Vicar Aaron to discuss.
Bitcoin dipped below "fair value" for the first time in two years. Bitcoin briefly slipped below its network value based on Metcalfe value modeling for the first time in nearly two years, according to network economist Timothy Peterson. Historically, periods when bitcoin trades below its Metcalfe value have delivered strong forward returns. Will the pattern repeat itself this time? CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.
In this episode of the Power Producers Podcast, David Carothers, Kyle Houck, and Clinton Houck explore how technology, customer experience, and new product offerings are reshaping opportunities in the insurance industry. Clinton, who started his career at State Farm and later moved into the insurtech space, shares how his path led him to Fair, a company reimagining the vehicle warranty space. Historically plagued by poor customer experiences and shady telemarketing tactics, warranties are being reinvented as a trustworthy, transparent, and agency-distributed product. Key Highlights: Disrupting Auto Warranties Clinton Houk explains how Fair eliminates dealership markups and regulation issues to offer independent agents a transparent, partner-focused warranty solution with a superior claims experience. The "Plus One" Cross-Sell Learn how to seamlessly integrate warranty discussions into everyday workflows. This strategy offers clients critical financial protection against repair bills while boosting agency revenue and retention. Closing Commercial Coverage Gaps David and Clinton highlight a major opportunity: protecting rideshare drivers and commercial fleets, which are often excluded by standard personal warranties, from cash flow shocks. Plug-and-Play Sales Tech Clinton details Fair's agent-friendly technology, from embeddable quoting links and APIs to an in-house sales team that can handle the entire process for your agency. Connect with: David Carothers LinkedIn Clinton Houck LinkedIn Kyle Houck LinkedIn Visit Websites: Power Producer Base Camp Fair Killing Commercial Crushing Content Power Producers Podcast Policytee The Dirty 130 The Extra 2 Minutes
Historically, bridges have played important roles in some of the most beloved songs in modern music history. But as the music industry has evolved in the streaming and social media world, bridges are less common or important in popular music. Matthew Schnipper, Gothamist/WNYC arts and culture editor, gives us his list of the best bridges in music (as in, musical bridges, as well as songs about bridges), and listeners share their favorite bridges to listen or sing along to.
The Quarterback play for the Minnesota Vikings is both historically and comedically bad at this point. When J.J. McCarthy plays, he's largely awful. Max Brosmer threw one of the worst interceptions you will ever see in the Minnesota Vikings loss to the Seattle Seahawks and the offense is incapable of scoring touchdowns… Just another year in the life of being a Minnesota Vikings, huh? The Before I Die crew is back with a fair number of introspective talkers and even some laughs. Because if you don't laugh, you'll just cry.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Signs of a slowing economy, and speculation of a very dovish new Federal Reserve chairman in May 2026, are behind the futures market pricing in substantial rate cuts over the next year. Historically, substantially lower rates weaken the dollar and boost precious metals. Silver has made a new high and has formed what is arguably the most bullish technical pattern, William O'Neil's “cup and handle” formation. On the technology front, Alphabet's low-cost semiconductors present unexpected competition for Nvidia. Things like that will determine the performance of technology companies' share prices for the foreseeable future. Longer term, the “Holy Grail” that technology companies seek is Artificial General Intelligence - AI that thinks like a human. Its impact to humanity could be very beneficial, or deeply detrimental.
Kerusso exists to tell people about the Good News of Jesus Christ, but somehow in our information-jacked world, culture has moved further away from understanding who the most famous person in history really is. Millions of books and articles have been written about a carpenter who lived in the Middle East 2000 years ago, and Jesus has been identified as anything from a desert mystic to God Himself.Historically, He was born into a Jewish family in Judea at the time the Roman Empire controlled the area. Born in Bethlehem and raised in Nazareth, Jesus was 30 before He gained a reputation as a great teacher. But He was much more than that. The Bible tells us that He was sent into the world by God the Father, to stand in our place and take the penalty for our sin.According to Genesis, man defied God's template for living and because He is holy, God requires that someone is accountable for sin. Had Jesus not entered the world, we'd be left without a way to reconcile with God. Long story short, Jesus Christ is much more than just a wise teacher. He's also the Son of God.The Bible also tells us Jesus is one with the Father. Remember, when Moses encountered God in the burning bush, he asked God how to identify Him to the people. And God replied, “I am who I am.”And that was in the Old Testament. In John 8:58, in the New Testament, Jesus tells the people, “Truly, truly, I say to you, before Abraham was, I am.” Jesus Christ is a divine being. John 1:29 says, “The next day, John saw Jesus coming toward him and said, ‘Look, the lamb of God, who takes away the sin of the world.'” This description of Him is not embraced by most people around the world. The Bible tells us that man's heart is wicked. It isn't like billions are rushing to churches so that they can have their sins forgiven. The human mind and heart don't want to focus on the messier side of the gospel. We're imperfect. We sin. And our sin is an offense to God. Who wants to hear that? We don't want to be told that we're not good. We want to be told we're good, and worthy of God's love.And the Good News, the gospel in the person of Jesus Christ, is that we have the pathway to be like Him. Romans Chapter Eight tells us that it is God's desire that we become like Jesus, and that's a goal worth reaching for. Let's pray.Father, thank You for providing us with Your word, that tells us exactly who Jesus is and what His life means to us. You could have abandoned us to sin, but You didn't. The praise and the glory belong to You alone. In Jesus' name, amen.Change your shirt, and you can change the world! Save 15% Off your entire purchase of faith-based apparel + gifts at Kerusso.com with code KDD15.
8/8 Trauma, Memory, and the Silence of "Eating Bitterness" — Tanya Branigan — Branigan characterizes the CRas a collective convulsion or "Maoist hysteria." Mental health infrastructure was historically underdeveloped in China, and psychology was officially condemned as "bourgeois pseudoscience." The pervasive cultural idiom "eating bitterness" reflects fatalistic endurance of suffering without complaint. Severe trauma fractured survivors' memory systems, producing lasting psychiatric consequences including psychotic episodes and dissociative disorders. The national silence surrounding the CR results from both deliberate state suppression and the widespread personal psychological devastation experienced by millions of survivors. 1967
"The mind is like water. When it's turbulent, it's hard to see. When it's calm, everything becomes clear." — Kobe Bryant Kobe Bryant was definitely onto something when he spoke those words. If you're not in control of your commitments and have no idea what needs to be done next, you're going to be stressed. And stress, like turbulent water, makes it hard to see where you should be spending your time. Links: Email Me | Twitter | Facebook | Website | Linkedin Join the Time And Life Mastery Programme here. Use the coupon code: codisgreat to get 50% off. Get Your Copy Of Your Time, Your Way: Time Well Managed, Life Well Lived The Time Sector System 5th Year Anniversary The Working With… Weekly Newsletter Carl Pullein Learning Centre Carl's YouTube Channel Carl Pullein Coaching Programmes Subscribe to my Substack The Working With… Podcast Previous episodes page Script | 395 Hello, and welcome to episode 395 of the Your Time, Your Way Podcast. A podcast to answer all your questions about productivity, time management, self-development, and goal planning. My name is Carl Pullein, and I am your host of this show. What's the point of learning how to be more productive and to be better at managing our time? Are we not just shuffling work around—work that will need to be done at some point anyway? Well, yes and no. Historically, people went to work, often in factories, where they performed repetitive manual labour. When their workday finished, they “downed tools”, clocked out and went home. As there were no TVs or smartphones, people often played cards or board games with their families, read books or went to the pub. It was easy to leave work at work. It was easy to manage our time. There was personal time and work time, and the two did not mix. Today, it's very different. Most of you listening to this podcast will likely be working in what is commonly called “knowledge work' jobs. You're not hired for your muscles. You're hired for your brain. And this causes us a problem. Manual labour meant you did a hard day's work, and when you went home, you could forget about work. In knowledge work, it's not so easy to stop your brain from thinking about a work problem. I remember when I worked in a law firm, I caught the bus home and often spent most of the journey thinking about an issue with a client and trying to figure out the simplest way to solve the problem. In the past, people would have looked forward to getting home to their families. When you're mentally distracted in that way, it's hard for you to switch off and enjoy that time with your family and friends. Today, it also means there's no barrier—except our own willpower—to sending an email or a Teams message at any time of the day or night. In the past, the factory gates were locked, or someone else was doing your job on the night shift. It wasn't possible to work beyond your regular working hours. Time management was much easier. Not so today. And that nicely leads us to this week's question. And that means it's time to hand you over to the Mystery Podcast Voice. This week's question comes from Michael. Michael asks, Hi Carl, I've spent years struggling with time management, and it's got to the point where I think there's no point. As hard as I try, there's always something that needs to be done, and I never get a chance to finish anything and end up with everything being urgent. Is there any point to all this time management and productivity stuff? Hi Michael, thank you for your question. In many respects, you might be right that managing time, or at least trying to, is a waste of time. (I think there might be a pun there) As I alluded to, with knowledge work and the explosion of communication tools over the last few years, things that could have waited a day or two now seem to have to be dealt with immediately. It's not that the task is suddenly urgent; it's a combination of people's expectations and the delivery system. The problem here is that no matter how fast the delivery system becomes—or other people's expectations— we are human. We can still only do one thing at a time. That is not going to change in our lifetime. And that's where to start—understanding that you, as an individual, can only work on one thing at a time. In other words, if you have ten equally urgent messages to reply to, you're going to have to choose which one to respond to first. Now, you could come up with a complex, convoluted system for deciding which message to respond to first, or you could adopt a more straightforward first-in-first-out approach. Start with the oldest and work your way through your list of messages. What are we talking about here—perhaps a ten-minute delay for you to get to a particular message? Does ten minutes really matter? You're not trying to save someone's life in an emergency room, are you? Messages are often more time-sensitive than emails, and I find that responding to them between work sessions works best. For instance, if you were to protect 9:30 to 11:30 am for focused work. That's two hours where you are technically not available. Once you finish that session, check your messages and respond to any that require a response. When I set these barriers of doing undisturbed, focused work for two hours a day, I used to panic every time my phone dinged. I felt I had to respond immediately. Of course, that was not true. It never was, and it's still not true for any of us today. It took a few weeks to wean myself off panicking every time a message came in, but the results were fantastic. My productivity went through the roof, leading to fewer urgent tasks. Our brains are not good at handling interruptions to the flow of work. I've seen studies showing that even a minor interruption can take you up to 18 minutes to refocus and get back to where you were before. Think about that for a moment. Even if you were taking ten minutes to refocus and getting an average of six interruptions per day, you've lost an hour. Or to put it into a better perspective, that's 12 ½ per cent of your work day gone. Wasted. By responding to messages between work sessions, you avoid losing focus and get more work done in less time. And it's there that you will find fewer urgent tasks to do. Because you are getting more done in less time, you will be able to stay on top of projects and other work without getting too close to the deadline. Another area that can make us feel that managing our time is a waste of time is focusing on the number of tasks rather than the time we have available. Again, this is linked to the fragility of being human. We are affected by how much sleep we get, our mood, and our diet. Have a bad night's sleep, then a fight with your kids over the breakfast table and a sugary doughnut as a midmorning snack, and you're not going to get a lot of work done. You have a sleep debt, you're worked up by the argument, and that doughnut is going to give you a massive energy crash. This is why estimating how long a task will take is challenging. I've been writing a 1,000-word blog post every week for around ten years now. You'd think I would be able to estimate reasonably accurately how long writing 1,000 words would take after writing over 500 blog posts. Ha! No chance. Some days I can write the first draft in forty-five minutes, other days it can take me two hours. The biggest effect on how long it will take me is sleep. If I get my seven hours, I know it'll take me less than an hour. Less than six hours, and I'm struggling to do it in two hours. A better approach is to allocate time for doing groups of linked tasks. For example, group all your actionable emails and set aside 40 to 60 minutes at the end of the day to deal with them. This way, it doesn't matter how many emails you have to act on; you do as many as you can in the time you have. If you're doing this every day, you'll soon find you have no email backlogs. What amazes me is the people who try this for a few days and give up because their huge backlog of actionable emails is not getting significantly smaller. Well, of course not. If you're starting with six hundred actionable emails, it's going to take you a long time to get that under control. What you could do is set aside a one-off period to get that backlog under control first. Then set a time each day to keep it under control. Or make sure you have a “net-gain” with your responses. For instance, if you get 20 actionable emails in a day, respond to at least 21. That's a net gain. If you do that consistently over a few weeks, your backlog of actionable emails will reduce significantly. You're not going to lose the holiday weight you gained in a few days. It might have only taken you a few days to gain that weight, but it's going to take you a few weeks, if not months, to lose it. (Life's tough, isn't it?) Most of the reasons why so many people quit making necessary changes, whether in their work or personal life, are linked to the initial difficulty of change. All change is difficult at first. You're changing. But soon that change becomes your norm, and then it becomes easy. It becomes “just what you do”. There's a time and place for the things you want to or must do. This is where your calendar comes into play. Scheduling time for play, rest and exercise is just as important as scheduling meetings with your clients or boss. Trouble is, we don't do that. We prioritise work over other essential things in our lives. As Jim Rohn said, “When you work, work. When you play, play. Don't mix the two” Ask yourself, where's your boundary? If you don't have one, you're not managing time; you're allowing time to manage you. There are many ways you can take control of your calendar. You could, for example, limit the number of hours you spend in meetings each week. If you work a typical 40-hour week, you could set the maximum time you spend in meetings at 15 hours. That will leave you with 25 hours dedicated to doing your work tasks. Most people I talk with have no idea how much time they are spending in meetings each week. They say “yes” to every meeting request. WOW! If you don't have control of that, you're “up the creek without a paddle”. Managing time is about managing your calendar and doing the hard things, like saying no to additional meetings that won't help you do your work. This is one reason why the old-fashioned paper planners were so good. Because you had to handwrite your appointments into your diary, there was no way you could double-book yourself. Sadly, that one simple feature does not exist in digital calendars. I've seen people with four appointments all scheduled at the same time. Come on, you cannot be in two meetings at once, let alone four! You can also protect blocks of time for doing your most important work each day. It's not difficult, and with shared calendars, doing so indicates to other people that you are not available at that time. And most important of all, you can do a short daily planning session where you look at your calendar to see where your commitments are, then curate your to-do list so that the number of tasks you have for today is realistic, given how much non-meeting time you have. Yet none of these are tool issues. These are human decisions we need to make, and we need to be strong enough to follow through with them. Blaming our boss, colleagues, customers, or tools won't improve the situation. Only by being strong enough to say “no, not then, how about this time”, can you ever regain control of your time and see a corresponding increase in your productivity. So there you go, Michael. Time management and productivity systems can and do work, but they only work if you are willing to make the difficult choices that come with them. Be consistent in trusting your calendar. Allow it to structure your day between your work and home life. Don't allow someone else's “urgent” to become your urgent. Respond to messages appropriately, but within your time frames. I hope that has helped, and thank you for your question. And thank you to you, too, for listening. It just remains for me now to wish you all a very, very productive week.
“Why do we believe in the Real Presence in the Eucharist?” This question opens a discussion on the significance of the Eucharist as the true body and blood of Christ, addressing scholarly perspectives that view it merely as a symbol. Other topics include the role of Mary beyond a saint and the importance of the indelible seal of baptism in Catholic teaching. Join the Catholic Answers Live Club Newsletter Invite our apologists to speak at your parish! Visit Catholicanswersspeakers.com Questions Covered: 05:03 – A stumbling block is how Mary is treated as more than just a saint. 17:00 – How do we know that the apostolic fathers were taught by an apostle? 21:18 – Why do we believe that the eucharist is the true body and blood of Jesus if, from a scholarly perspective, it seems like it’s just a symbol? 29:27 – It seems that the indelible seal of baptism carries with it more significance than what is spoken or taught about? 37:14 – I'm a seminarian and teach high school. How do we reconcile wisdom being referenced as feminine and Jesus being called the wisdom of God? 40:20 – What’s the difference between plenary and a partial indulgence? 45:56 – What’s the Catholic response to the protestant claim that we don’t need priests because Jesus is our only priest? 51:30 – Historically, how were anti-popes and valid popes removed from office?
PREVIEW — Charles Burton — China-Canada Relations, Mark Carney's Government, and the Failure to Address Foreign Influence Operations. Burton analyzes Canadian Prime Minister Mark Carney's approach to China, suggesting Carney believes that making concessions on Chinese espionage and harassment—and delaying implementation of the Foreign Influence Registry (FIRA)—will prompt China to open its markets. Historically, this diplomatic strategy has proven ineffective; China routinely offers empty promises while continuing coercive operations, exposing Canada's critical vulnerability to foreign influence campaigns and intelligence operations. 1910 OTTAWA
Our CIO and Chief U.S. Equity Strategist Mike Wilson explains why investors might want to reassess their portfolios, keeping in mind the gap between market moves and monetary policy.Read more insights from Morgan Stanley.----- Transcript -----Welcome to Thoughts on the Market. I'm Mike Wilson, Morgan Stanley's CIO and Chief U.S. Equity Strategist. Today on the podcast, why the Fed may hold the key for both near term and medium-term stock market performance. It's Monday, November 24th at 1pm in New York. So, let's get after it. At the end of September, we discussed the building tension between the Fed and markets in terms of both the fed funds rate and liquidity, suggesting this had the potential to lead to a correction in the short-term. This scenario is playing out with high momentum and low-quality stocks responding more to tightening liquidity back in September, while the high-quality S&P 500 and Nasdaq 100 responded more to the incremental hawkishness on rate cuts relayed at the October 29th Fed meeting.While downside for the S&P 500 has been limited to just 5 percent, the damage under the surface has been more significant with two-thirds of the largest 1000 stocks seeing more than a 10 percent drawdown and one quarter down more than 20 percent. Similarly, Bitcoin is down close to 30 percent and topped even earlier than high momentum stocks. Gold also felt the impact of tighter liquidity earlier than the S&P 500, as one would expect.We're staying vigilant around this dynamic related to monetary policy and can't rule out more index-level downside in the short-term, especially if breadth remains weak. Having said that, we think the weakness under the hood is a sign that we're closer to the end of this correction than the beginning for the weaker areas of the market. Historically, the Generals tend to fall the most at the end of corrections. As I said on this podcast back in September, we would view this type of correction and reset on expectations as an opportunity to double down on our rolling recovery thesis which remains out of consensus.From our perspective, private labor data are showing signs of weakness that suggest the Fed should be cutting rates more aggressively. This is very much in line with my core view that the rate of change trough in the labor data occurred back in April with the lows in the equity market. The official government labor data that the Fed is waiting for is lagging and will simply confirm what we, and the markets, already know. With the official October jobs data cancelled due to the shutdown and the November series not available until December 16th, the equity market may continue to wrestle with the Fed that dragging its feet and delaying rate cuts.The good news is that we expect a meaningful decline in the Treasury's General Account in the coming weeks as the government re-opens. This should help to provide a much-needed boost to liquidity at the same time the Fed ends quantitative tightening. The question is whether these changes will be enough to improve liquidity conditions in a durable way. In my view, the clearest indication will be if we see relief in areas of the equity market and asset classes most sensitive to these dynamics over the next two weeks. That means low quality profitless growth stocks in the equity world should rally the most.Bottom line, I remain convinced in our bullish 12-month outlook for the S&P 500 and stocks more broadly. Initial feedback from investors to our recently published 2026 outlook indicates that several of our core views for 2026 remain out of consensus. More specifically, our early cycle narrative versus consensus thinking that we're late cycle; 17 percent earnings growth next year versus the consensus at 14 percent. And finally, our upgrades of small/mid cap stocks and consumer discretionary goods to overweight. Use near term weakness related to a Fed that is moving too slow for the markets' liking to reposition portfolio to sectors and stocks that have lagged behind for most of the past several years – but will benefit the most from the more aggressive Fed action that we expect to come.Thanks for tuning in; I hope you found it informative and useful. Let us know what you think by leaving us a review. And if you find Thoughts on the Market worthwhile, tell a friend or colleague to try it out!
© 2020-2025 Ivy Podcast Discovery LLC
