Podcasts about louis fed president james bullard

Former St. Louis Fed President James Bullard discusses disinflation and lower rates at the Hoover Institute's Monetary Policy Conference with Bloomberg's Mike McKee.See omnystudio.com/listener for privacy information.

This week, the Federal Reserve's rate-setting committee is expected to release a decision on interest rates. When will the central bank finally begin lowering rates? Former St. Louis Fed President James Bullard joins us to share his thoughts on the decision and what he thinks the Fed needs to prioritize next. Plus, ready or not, tax season is here. Tax filing season starts January 29 and we want to understand what this means for you and your investments. WSJ reporter, Laura Saunders, joins us to share what investors should be paying most attention to as they prepare their filings. Plus, we're gearing up to enter Apple's virtual world. The technology company is set to release their mixed-reality headset, Vision Pro, at the end of the week. The company also faces added pressures from Microsoft as the company briefly overtook Apple as the largest U.S. company by market value. Could virtual reality be what keeps Apple on top?  Further Reading Stocks Fall on Rate-Cut Pessimism  Fed Posts Largest-Ever Annual Operating Loss  How Much Is the Standard Deduction and Should I Take It on My Tax Return?  How You Can Grab a 0% Tax Rate  For more coverage of the markets and your investments, head to WSJ.com.

The Fed's next move is likely a cut but won't come until later in 2024 because policymakers must be totally sure inflation is not going to plateau around 3% or even reverse recent declines, former St. Louis Fed President James Bullard tells MNI.

Join economist Dr. Orphe Divounguy and Chris Krug as they discuss comments from former St. Louis Fed President James Bullard on this episode of Everyday Economics! Everyday Economics is an unrehearsed, free-flow discussion of the economic news shaping the day. The thoughts expressed by the hosts are theirs, unedited, and not necessarily the views of their respective organizations. --- Support this podcast: https://podcasters.spotify.com/pod/show/everyday-economics7/support

Apple,  Alphabet and Microsoft all getting in on the AI battle. But is all of this AI hope leading to way too much AI hype? Stephanie Link of Hightower, Joe Terranova of Virtus and Big Technology's Alex Kantrowitz give their expert takes. Plus, Sofi's Liz Young reacts to St. Louis Fed President James Bullard's comments on inflation and future rate hikes. And, Netflix shares surged in today's session despite worries surrounding the writer's strike. We dig in on what's sending that name higher and what it could mean for the rest of the streamers. 

After reviewing the May 1-5 performances of stocks (2:38), fixed income (3:50), commodities (5:41) and the week's macro news, DoubleLine's Samuel Lau and Eric Dhall take a dive (13:51) into the May 3 meeting of the Federal Open Market Committee (FOMC), its policy decisions and guidance as well as Federal Reserve Chair Jerome Powell's news conference. Their Fed Day analysis includes some skepticism about Powell's stated reassurances on the health of the banking system but also some empathy for the economic conjuncture in which Powell finds himself as the Fed seeks to tame inflation. Looking ahead to the upcoming macro news releases for the market week starting May 8 (31:29), the cohosts single out the April consumer price index, Tuesday May 9; the producer price index, Thursday; the University of Michigan preliminary May consumer sentiment survey, Friday; and Fedspeak events featuring New York Fed President John Williams; Christopher Waller and Philip Jefferson, both members of the Fed's Board of Governors; and St. Louis Fed President James Bullard.

(2/22/23) The market correction is underway, something we warned about just before the February Fed meeting. All of the predicted events heralding the action occurred in Tuesday's market action: Markets were down 2% after breaking through the 20-DMA on Friday, and yesterday retested support right at the 4,000-level, the first target zone for the correction. This morning, St. Louis Fed President James Bullard has been talking about the need to hike rates above 5%, which will be problematic for markets discounting the idea of a Fed pause. The 4,000 level needs to hold if the Bulls are going remain in charge. The needful rotation from high-growth to defensive sectors is now starting to occur.   Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton --------  Get more info & commentary:  https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Watch the video version of this report by subscribing to our new "Before the Bell" YouTube channel:  https://www.youtube.com/watch?v=oxcyo-tqt4I&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1  ------- Visit our Site: 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/ #InvestingAdvice #MarketCorrection #InterestRates #Inflation #FederalReserve #Markets #Money #Investing 

St. Louis Fed President James Bullard just reiterated his call to hike rates north of 5% to beat inflation. How many other Fed officials agree? We'll set you up for Fed minutes due out shortly, which could give us a clue.Plus, one expert says high inflation is leading some companies to suffer from “money illusion”…and it's one reason why layoffs haven't hit just yet. We'll look at what that means for markets.And, shares of Wingstop are soaring nearly 10% after earnings. We'll talk to the CEO about the disinflation he's seeing. And we'll also hear from the Travel + Leisure CEO about the high demand he's still seeing, too.

St. Louis Fed President James Bullard (not an FOMC voter) said that he wouldn't rule out supporting a 50-basis point rate hike at the March FOMC meeting, adding that he advocated for a 50-basis point rate hike at the Feb. 1st meeting Today highlights from global markets, presented by Blue Suisse for free. Visit Blue Suisse website for more!

Marketwatch's economics editor Greg Robb interviews St. Louis Fed President James Bullard about the outlook for the economy and monetary policy. Bullard rattled financial markets earlier this month by suggesting the Fed's benchmark fed funds rate may need to rise to 7%. 

The US economy and stock market are in focus as investors mull mixed signals coming out in recent days. Earlier, consumer prices in the country jumped 7.7% on-year in October, the smallest yearly increase since January. Similarly, producer prices also increased less than expected at 8% for October, providing more evidence that inflation was starting to subside.  While investors took that as sign for the Fed to take its foot off the pedal, St. Louis Fed President James Bullard said terminal federal funds rates could reach the 5 to 7% range, dampening hopes of a Fed pivot.  But what is the current state of the US economy and how are market watchers reading into these developments? On Market View, Prime Time's finance presenter Chua Tian Tian spoke with Shawn Cruz, Head Trading Strategist at TD Ameritrade for more.See omnystudio.com/listener for privacy information.

Stocks moved firmly lower Thursday after St. Louis Fed President James Bullard said rate hikes have had "only limited effects on observed inflation" in the U.S. economy.

Carl Quintanilla, Jim Cramer and David Faber discussed the markets falling on rate hike and growth concerns.St. Louis Fed President James Bullard said a 5% to 7% Fed funds rate might be necessary to combat inflation. David was at Liberty Media Investor Day. In his exclusive interview with company chairman and legendary cable mogul John Malone, they discussed everything from the future for Warner Bros. Discovery to streaming and sports media rights. Also in focus: New FTX CEO John Ray blasts the collapsed crypto exchange's "complete failure of corporate controls" in a bankruptcy court filing, J.P Morgan predicts a mild U.S. recession in 2023, earnings from the likes of Nvidia, Cisco, Alibaba and Macy's, plus David's interview Liberty Media CEO Greg Maffei.

(2:13) - Opening the second hour with a conversation about China's all-but-inevitable invasion of Taiwan.(12:30) - Dr. Lawrence Yun of the National Association of Realtors joined the show to talk about existing home sales data for Sept., which showed a continued decline in sales.(20:28) - Discussing St. Louis Fed President James Bullard's recent comments and debating whether or not the Fed has a systemic issue.(33:57) - Stack roulette.

After Friday's sell-off, Carl Quintanilla, Jim Cramer and David Faber discussed the new week beginning with a market rally, as investors digested new earnings reports and the U.K. reversed almost all of its tax cut plans. Bank of America posted better-than-expected quarterly results. Cramer offered his take on BofA Chair & CEO Brian Moynihan's leadership. The anchors also weighed in on a market note from Morgan Stanley Chief U.S. Equity Strategist Mike Wilson and comments from St. Louis Fed President James Bullard on hiking interest rates. Also in focus: Goldman Sachs plans an organizational shakeup, Morgan Stanley names Apple a "top pick," sources tell David that activist investor Starboard Value has taken a large stake in Splunk, plus a "Faber Report" on Rupert Murdoch considering a Fox-News Corp merger after splitting the companies a decade ago.

Host of Your Money Matters Jon Hansen is joined by author Scott Nations to discuss the recent interview of St. Louis Fed President James Bullard. Scott helped Jon translate what James was saying and explained the implications of what was said.

St. Louis Fed President James Bullard makes the case for front-loading interest rates. Steve Liesman speaks to him ahead of Fed Chair Powell's speech tomorrow. Plus, if you're looking to protect your portfolio against inflation and a recession, our market pro will tell you which names he's buying. And the Oklahoma Governor tells us how he plans to develop a tech hub in the heartland.

St. Louis Fed President James Bullard tells MNI rates may have to go higher than the Fed has already signaled, adding it's too soon to say U.S. inflation has peaked. 

Segment 1: Nationally syndicated financial columnist and author Terry Savage joins John to talk about the stock market being up today, St. Louis Fed President James Bullard saying they will continue to increase rates, if the Fed believes we are in a recession, and what we can expect with the jobs report on Friday. And as always, […]

St. Louis Fed President James Bullard says, with labor growth as strong as it's been, it's unlikely we've been in a recession–and we might have brighter economic days to come. In an extended interview, voting FOMC member Bullard discusses America's path out of inflation, GDP growth in the second half of the year, and geopolitical and global health impacts on our economy. CNBC's Beijing Bureau Chief Eunice Yoon reports on China's response to House Speaker Nancy Pelosi's contentious trip to Taiwan. Plus, Instagram's head is making a big move, and ready to meet your match in the metaverse? Match.com says, not yet.  In this episode:Joe Kernen, @JoeSquawkAndrew Ross Sorkin, @AndrewrsorkinKatie Kramer, @Kramer_Katie

In this Real Estate News Brief for the week ending July 9th, 2022... why the job market is reducing recession anxiety, the big mortgage rate turn-around, and Airbnb's contest for unique listing ideas.Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.Economic NewsWe begin with economic news from this past week. The job market is showing a lot of muscle, despite concerns about a recession. The government reported last week that companies created a whopping 372,000 new jobs in June. That's well above Wall Street estimates for 250,000 new jobs. (1)Companies may have a hard time filling all those positions however due to a severe labor shortage. As reported by MarketWatch, there are two open jobs for every person looking for one, or about 11.3 million job openings. (2) Layoffs are also at historically low levels, including the number of people working part-time because they had their hours reduced. The report says there are 3.6 million involuntary part-timers. That's the lowest level in 21 years. (3)Despite that good news, the unemployment numbers are up slightly for last week. The Labor Department reports that initial claims were up 4,000 last week, to 235,000. That's the highest level in six months. They were as low as 166,000 just four months ago. (4) But unemployment is still at 3.6% and the big picture is that job creation and hiring are strong. ZipRecruiter chief economist Julia Pollack says: “This is not what a recession looks like.”St. Louis Fed President James Bullard is also seeing signs of economic strength. He's predicting economic growth for the year despite the slowdown we're already seeing due to the Fed's rate hikes. He says he's basing his calculations on “gross domestic income” instead of “gross domestic product.” The GDI is the income that's earned on the production of the GDP. While the GDP has already contracted in Q1 and may have done so in Q2 as well, Bullard says the GDI shows that the economy is actually expanding. (5)Mortgage RatesMortgage rates did a big U-turn this last week. Freddie Mac says the average 30-year fixed-rate mortgage dropped 40 basis points to 5.3%. The 15-year fell 38 points to 4.45%. (6) The drop in rates along with a 5.4% drop in mortgage applications is a sign that the housing market is cooling off. (7)In other news making headlines...On-Time Rent in UnderwritingFreddie Mac is making it easier for some renters to qualify for a mortgage. As of July 10th, Freddie is including on-time rental payments in its underwriting system. (8)Freddie started encouraging landlords to report on-time rental payments to credit bureaus last November. It also offered an incentive in the form of closing cost credits for multifamily loans. That apparently attracted a lot of landlords.HousingWire reports that 70,000 households within more than 800 multi-family properties are now enrolled, and that more than 15,000 renters have been able to establish credit scores. Fannie Mae began a similar program last year.Rent Growth SlowdownThe latest rent report from Zumper shows a slowdown in rent growth. It says that rent levels typically peak during the summer because a lot of people are moving but this year, Zumper's National Index is up only .5 percent for one-bedroom apartments and down a big 2.9 percent for two-bedroom apartments. That lowers the national median price for a two-bedroom apartment to $1,707, and slightly increases the median rent for a one-bedroom to $1,421. (9)Airbnb Party Ban Now Permanent Airbnb's temporary party ban is now a permanent ban on “disruptive parties and events.” That includes open-invite gatherings as well as one-night rentals for a large crowd. Airbnb initiated a ban on “party homes” after an Airbnb shooting in 2019 that killed five people. It then called for a global ban on Airbnb parties at the start of the pandemic. (10)The global ban has reduced complaints by 44% but hasn't stopped them altogether. Airbnb says that people booking remote accommodations can often invite as many people as they want without getting caught. Airbnb says if they are caught, they could face consequences, including suspension or a permanent ban from the website.Airbnb OMG! FundOn a lighter note, there's still a few weeks left to participate in Airbnb's search for the craziest listing ideas, and the winners will get a hefty sum of money to make their crazy ideas a reality. Airbnb is funding the contest with a $10 million “OMG! Fund.” That's enough money to give 100 people $100,000 each to help finance these projects.The ideas will be judged on originality, feasibility, the experience the space will provide to guests, and sustainability. The deadline to apply is July 22nd. Check for a link in the show notes at newsforinvestors.com if you want to know more! The Airbnb announcement includes a lot of examples for inspiration. That's it for today. Please remember to hit the subscribe button, and leave a review! And thank you for listening!Thanks for listening. I'm Kathy Fettke.Links:1 -https://www.marketwatch.com/story/coming-up-u-s-jobs-report-for-june-11657282206?mod=mw_latestnews2 -https://www.marketwatch.com/story/u-s-job-openings-dip-to-11-3-million-but-labor-market-still-historically-strong-11657122659?mod=economy-politics3 -https://www.cnbc.com/2022/07/08/involuntary-part-time-worker-numbers-dip-to-lowest-level-in-21-years.html4 -https://www.marketwatch.com/story/u-s-unemployment-claims-rise-to-6-month-high-of-235-00-in-possible-sign-of-rising-layoffs-11657197517?mod=jeffry-bartash5 -https://finance.yahoo.com/news/feds-bullard-sees-continued-u-170206923.html6 -https://www.freddiemac.com/pmms7 -https://www.marketwatch.com/story/mortgage-rates-fall-amid-rising-concerns-over-a-recession-11657203176​8 -https://www.housingwire.com/articles/freddie-mac-to-include-on-time-rent-payments-into-underwriting/9 -https://realestateinvestingtoday.com/zumpers-national-rent-report-for-june-22/10 -https://www.cnbc.com/2022/06/28/airbnb-makes-its-party-ban-permanent.html11 -https://www.google.com/search?q=airbnb+omg+fund&rlz=1C5CHFA_enUS822US822&oq=airbnb+omg+fund&aqs=chrome..69i57j69i60.4025j0j7&sourceid=chrome&ie=UTF-8

Eight months after establishing the first U.S. bitcoin futures ETF, ProShares plans to launch the first short bitcoin-linked ETF. St. Louis Fed President James Bullard said they don't have far to go on Quantitative tightening. Sponsor

Carl Quintanilla, Jim Cramer and David Faber led off the show with breaking news: The IMF cutting its 2022 global growth forecast to 3.6%. The anchors explored what that news means for investors -- and reacted to comments by St. Louis Fed President James Bullard, who said he wouldn't rule out a 75 basis point rate hike. U.S. airlines in the spotlight, dropping mask requirements for passengers and crew members after a federal judge overturned the CDC's mask mandate for airlines, airports and public transportation. Also in focus: Natural gas tumbles and stocks rally, Johnson & Johnson leads the earnings parade, sources say Apollo Global Management may be willing to provide financing for a Twitter buyout, what to expect from Netflix's after-the-bell results, and Blackstone's $13 billion bet on campus housing.

Carl Quintanilla, Jim Cramer and David Faber begin the hour by breaking down JPMorgan's Q1 results. The big bank reported a $524 million hit from market dislocations caused by Russian sanctions. The company's profit dropped 42% from a year earlier to $8.28 billion. Another big name reporting results to watch is Delta Air Lines, announcing it is expecting a return to profit this quarter thanks to a jump in bookings and fares. Also in the mix: St. Louis Fed President James Bullard said it is a “fantasy” to believe modest rate rises can effectively combat inflation.

WTI gave back early gains today, as member-states of the International Energy Agency agreed to release 60 million barrels of oil from storage in a follow-up move to President Joe Biden's plan to tap the Strategic Petroleum Reserve for 180 million barrels. There are also questions about whether eurozone authorities will be able to keep Russian oil off the market. Chinese officials provided more rhetorical support for stepping up monetary stimulus for the economy to boost consumption at an “appropriate time,” acknowledging that domestic and global risks are now more significant than previously forecast. Minutes from the March meeting of the Federal Open Market Committee show the U.S. central bank plans to begin to run off its $9 trillion balance sheet at a $1 trillion per year annualized pace beginning in May. And St. Louis Fed President James Bullard said today he'd like to see a 3.5% fed funds rate by the second half of 2022 and favors a 50-basis-point hike at the FOMC's meeting next month. Darius Dale, founder and CEO of 42 Macro, joins Real Vision's Ash Bennington for today's Daily Briefing to discuss crude oil prices, Chinese monetary policy, and the Fed's new hawkishness. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3JkKDM6 Learn more about your ad choices. Visit megaphone.fm/adchoices

US equity markets staged a comeback overnight as investors digested minutes from the March Federal Open Market Committee meeting, showing the central bank weighing a plan to reduce its bond holdings by $95 billion per month as it tries to stamp out surging inflation. The Dow rose +87.06 points or +0.30%. The broader S&P500 gained +0.4%, with Health Care (+1.85%), Energy (+1.36%), and Consumer Staples (+1.18%) leading the way. St. Louis Fed President James Bullard on Thursday dismissed talk of recession, saying that the U.S. expansion “is not ‘old' and can continue for a long time.” Bullard has called for the Fed to raise interest rates swiftly to counter inflation, saying he wants to get the Fed's benchmark interest rate above 3% this year. Shares in HP Inc. jumped +14.8% after Warren Buffett's Berkshire Hathaway Inc. disclosed that it had taken an 11.4% (US$4.2bn) stake in the computer and printer maker. This follows a near US$20bn buying spree by Berkshire Hathaway recently. The Nasdaq also rose +0.1% helped by Tesla Inc (+1.2%) and Microsoft (+0.6%), while Twitter fell -5.4% The small capitalisation Russell 2000 was lower -0.35%.

US equity markets staged a comeback overnight as investors digested minutes from the March Federal Open Market Committee meeting, showing the central bank weighing a plan to reduce its bond holdings by $95 billion per month as it tries to stamp out surging inflation. The Dow rose +87.06 points or +0.30%. The broader S&P500 gained +0.4%, with Health Care (+1.85%), Energy (+1.36%), and Consumer Staples (+1.18%) leading the way. St. Louis Fed President James Bullard on Thursday dismissed talk of recession, saying that the U.S. expansion “is not ‘old' and can continue for a long time.” Bullard has called for the Fed to raise interest rates swiftly to counter inflation, saying he wants to get the Fed's benchmark interest rate above 3% this year. Shares in HP Inc. jumped +14.8% after Warren Buffett's Berkshire Hathaway Inc. disclosed that it had taken an 11.4% (US$4.2bn) stake in the computer and printer maker. This follows a near US$20bn buying spree by Berkshire Hathaway recently. The Nasdaq also rose +0.1% helped by Tesla Inc (+1.2%) and Microsoft (+0.6%), while Twitter fell -5.4% The small capitalisation Russell 2000 was lower -0.35%.

Federal Reserve Chair Jerome Powell said on Monday, “Inflation is much too high,” noting that the Fed would continue to raise interest rates until inflation is under control. And St. Louis Fed President James Bullard reiterated his view that U.S. monetary policy must be tightened quickly to put a stop to upward pressure on inflation that's already too high, repeating his call for a fed funds target rate above 3.0% this year. Meanwhile, a selloff in government bonds intensified on concerns that rising inflation will drag the nation's economy into recession. The yield on the 10-year U.S. Treasury note hit its highest level since 2019, as the Treasury market nears the end of what could be its worst quarter since 1973. Altogether, it looks like the hiking cycle could be more aggressive than previously forecast. But what if we have inflation all wrong? Could it be, suggests Vincent Deluard, director of Global Macro Strategy at StoneX Group, that in a service-oriented economy “inflation” is just another word for “growth”? Deluard joins Warren Pies to discuss inflation and growth, monetary policy, and the likelihood of an inverted yield curve in the very near future. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3qrBE5m Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Real Estate News Brief for the week ending February 19th, 2022… what economists are saying about rate hikes, where rents are growing the fastest, and a new residential development plan for Disney fans.Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.Economic NewsWe begin with economic news from this past week, and what economists are saying about inflation and rate hikes. St. Louis Fed President James Bullard believes the Fed should push rates up a full point in the near term. His comments about the need for more aggressive action is also pushing rate hike forecasts as high as seven this year. Bullard told CNBC: “I do think we need to front-load more of our planned removal of accommodation than we would have previously.” (1) The government reported last week that the annual rate of inflation hit 7.5%. (2)Unemployment applications were up 23,000 last week, but economists are not concerned about the strength of the job market. As CNBC reports, millions of businesses have open positions they'd like to fill, so we probably won't see many layoffs. Currently, there are 11 million job openings. (3)Existing home sales were up almost 7% from December to January for a seasonally-adjusted annual rate of 6.5 million homes. That's despite the tight inventory which has now dropped to a 1.6-month supply. Economists had predicted sales of 6.1 million homes. Sales were up in all parts of the country, but sales were strongest in the South with a 9% increase. (4) Builders are letting up on the gas pedal to some degree. The Census Bureau reported that housing starts were down 4% in January. Economists say the decline reflects a number of obstacles that builders are dealing with including supply-chain issues, COVID-19 cases, and bad weather in some areas. Builders are also worried that higher mortgage rates could impact demand. Permits were up 1%. The chief economist at Pantheon Macroeconomics, Ian Shepherdson, told CNBC: “The housing market is set for a sustained softening over the next few months.” (5)A monthly survey on homebuilder confidence was also down. The National Association of Home Builders says it fell for a second straight month, mostly due to supply chain delays. NAHB Chairman Jerry Konter says: “Production disruptions are so severe that many builders are waiting for months to receive cabinets, garage doors, countertops, and appliances.” (6)Mortgage Rates Mortgage rates have now jumped to their highest level since May 2019. Freddie Mac says the average 30-year fixed-rate mortgage was up 23 basis points to 3.92% last week. The 15-year was up 22 points to 3.15%. (7)In other news making headlines…Rents Are Surging HigherRent growth hit a new record in January. Redfin says the average asking rent was up 15.2% year-over-year. Rent growth was the highest in Portland, Oregon, and Austin, Texas at 39% and 35% respectively. Other metros in the top ten list include the Florida metros of Tampa, Fort Lauderdale, West Palm Beach, and Miami. They are all in the 30% range. (8)Redfin's chief economist Daryl Fairweather says that housing is expensive whether you are renting or buying. Redfin says the average monthly rent is now $1,891 while the average monthly mortgage payment is $1,595. Many consumers can't afford to buy a home, however, because of the down payment.Investors Buying Record Share of HomesThat kind of rent growth is great motivation for investors who bought 18.4% of U.S. homes in the fourth quarter. That's almost 13% higher than Q4 of last year. Redfin says that investors are taking advantage of the strong demand for rentals and the incredible rent growth. (9)Redfin says that investors are paying high prices for homes because of that rent growth. Many are also paying in cash, which eliminates the expense of a loan. A typical price point for investors is about $433,000. That's up 10% from last year.Disney's Housing Development Plan If you love Disney theme parks, you may get the opportunity to enjoy the magic as your primary residence. The Walt Disney Company announced a residential development project called “Cotino” near Palm Springs, in Rancho Mirage. It'll be a 24-acre “grand oasis featuring clear turquoise waters with crystal lagoons.” (10) It will house residents of all ages with a special section for the 55-plus age group. Homes will range in size from condos and single-family homes to larger estates. There will be a waterfront clubhouse, club-only beach area, water activities, and Disney events throughout the year. Disney cast members will run the community association. Day passes will also be available to non-residents.If you don't want to live in the desert, Disney says it is working on other locations for future developments as part of its “Storyliving by Disney” long-term plan. That's it for today. Check the show notes for links. And please remember to hit the subscribe button, and leave a review!You can also join RealWealth for free at newsforinvestors.com. As a member, you have access to the Investor Portal where you can view sample property pro-formas and connect with our network of resources, including experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more.Thanks for listening. I'm Kathy Fettke.Links:1 -https://www.cnbc.com/2022/02/14/bullard-say-the-fed-needs-to-front-load-tightening-because-inflation-is-possibly-accelerating.html2 -https://www.marketwatch.com/story/coming-up-consumer-price-index-116444982733 -https://www.marketwatch.com/story/u-s-jobless-claims-jump-23-000-to-248-000-11645105161?mod=economy-politics4 -https://www.marketwatch.com/story/coming-up-u-s-existing-home-sales-11645195810?mod=economic-report5 -https://www.marketwatch.com/story/coming-up-u-s-housing-starts-11645104312?mod=newsviewer_click6 -https://www.cnbc.com/2022/02/16/builders-are-waiting-months-to-get-cabinets-and-garage-doors.html?__source=newsletter%7Ceveningbrief7 -http://www.freddiemac.com/pmms/8 -https://finance.yahoo.com/news/real-estate-investors-buying-record-140000275.html9 -https://www.redfin.com/news/redfin-rental-report-january-2022/10 -https://magazine.realtor/daily-news/2022/02/18/disney-to-build-themed-housing-development

Stocks fall for second-straight week on Russia-Ukraine tensions, Producer Price Index leaps 9.7% higher, Retail Sales rise 3.8%, FOMC minutes are released, Nvidia reports Q4 earnings with revenue rising 52%, Walmart reports Q4 earnings and beats estimates, Applied Materials releases Q1 earnings and grows sales by 21%, Deere & Company Reports Q1 earnings and tops forecasts, Airbnb reports Q4 earnings showing revenue grew by 78%, St. Louis Fed President James Bullard comments on inflation.

There was more bad inflation news this week. So, the Fed is about to ramp up the inflation fight, right? Not so fast. In this episode of the Friday Gold Wrap, host Mike Maharrey argues that the central bank isn't set to go to war with inflation because it can't. And he explains how St. Louis Fed President James Bullard let the cat out of the bag. You can visit the show notes page here: https://bit.ly/3gX2rkS Tune in to the Friday Gold Wrap each week for a recap of the week's economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news.

Yields moved higher as St. Louis Fed President James Bullard reiterated his call for the central bank to take aggressive steps to fight inflation in the first half of 2022. Today's Stocks & Topics: DG - Dollar General Corp., Bonds, Retirement, Remote Work, Interest Rates, Data Access, Gaming Industry – XOM - Exxon Mobil Corp., LUMN - Lumen Technologies Inc., TECK - Teck Resources Ltd. Cl B, Emerging Markets ETFs, WGO - Winnebago Industries Inc.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

St. Louis Fed President James Bullard says the Fed needs to “front-load” tightening, and it's credibility is now on the line. But one key data point just showed a *tiny* bit of breathing room on the inflation front. We'll explore that and what it means for stocks. Plus, it's not just inflation – the supply chain has struggled from overwhelming demand too. The CEO of PGA Tour Superstore joins to tell us how shelves look now. And, in today's Earnings Exchange: we'll give you the story, the action, and the trade in Avis, Restaurant Brands Int'l, and Marriott with results on deck.

Jim Cramer and David Faber kicked off a new market week by focusing on volatility in wake of Russia-Ukraine tensions and the Fed's approach to hiking interest rates. The anchors reacted to what St. Louis Fed President James Bullard told CNBC about inflation and what sparked his take on raising rates by 100 basis points Cramer offered his views on how investors should navigate the market environment, especially when it comes to the energy sector. Also in focus: Peloton's new CEO comments about a potential sale of the company in a published interview, the resiliency of chip stocks, Splunk surges on a report of a buyout offer from Cisco, Lockheed Martin terminates its deal to acquire Aerojet, top bank analyst Mike Mayo's "valentine note" to JPMorgan Chase CEO Jamie Dimon, plus a look at Super Bowl ads dominated by crypto and automobile companies.

Carl Quintanilla, Morgan Brennan and Mike Santoli discussed another volatile day for stocks, following a Thursday sell-off sparked by inflation and interest rate hike fears. The anchors explored whether or not the markets overreacted to comments by St. Louis Fed President James Bullard, who said he would like "100 basis points in the bag by July 1." Earnings also in focus as "buy now, pay later" company Affirm tumbled on quarterly results, while Zillow and Expedia experienced gains. In Los Angeles County outside SoFi Stadium -- the site of Super Bowl LVI -- Carl previewed the big game, including a look at what is expected to be the busiest betting event in football history -- and what prominent athletes are saying about crypto. Also in focus: This week's cruise stocks rally -- one analyst told the anchors why he slapped one name in the group with a "sell" rating, SpaceX's Elon Musk highlights his Mars mission by giving his first starship update in two years, plus automakers impacted by the Canadian truckers' blockade in protest of COVID-19 vaccine mandates: A report from on the ground at the U.S.-Canada border.

US consumer prices surge to a 40-year high in January, sending the 10-year Treasury yield past the 2 percent mark. But, President Biden tells NBC he still believes price pressures will ease despite persistent inflation prints. Markets respond as yields spike and the Dow drops more than 500 points, with hawkish comments from St. Louis Fed President James Bullard compounding the tech stock losses. Meanwhile, talks in Berlin fail to de-escalate the Russia-Ukraine crisis. The UK Foreign Secretary's mission to Moscow also comes up short, after sharp exchanges between Liz Truss and Sergei Lavrov. And France goes all in on nuclear. President Macron announced the country's “nuclear renaissance,” after giving the green light for at least half a dozen new reactors, which he says will help push the country towards carbon neutrality.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this Real Estate News Brief for the week ending August 21st, 2021... we'll look at second quarter home prices, a big surge in rents for single-family homes, and a softening demand for vacation homes.Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.Economic NewsWe begin with economic news from this past week. The Fed released the minutes of its last big meeting in July and acknowledged what many economists have been saying, that the current surge in U.S. inflation could continue into next year. That's mostly due to a shortage of labor and materials as the nation deals with the latest wave of the pandemic.MarketWatch reports that the Fed's July summary mentioned the delta variant six times after not one mention of the virus in June. The Fed previously said that high prices might last a little longer, but in this summary, Fed officials also acknowledged that the “spread of the delta variant may temporarily delay the full reopening of the economy and restrain hiring and labor supply.” And that could put more pressure on prices. (1) On a more positive note, St. Louis Fed President James Bullard doesn't believe that the spread of the delta variant will derail the economy. He told MarketWatch: “The economy has clearly adapted to the pandemic situation.” He says both businesses and consumers have found ways to deal with it. (2)According to published reports, there's growing support among Fed officials to begin the tapering process. The Wall Street Journal says that public statements from those officials suggest an announcement could be made next month, with a reduction in bond-buying activity beginning a month or two later. (3)The latest unemployment report shows that initial claims have reached a new pandemic low. They were down to 348,000 for the week ending August 14th, which supports the idea that the economy will weather this new outbreak. We'll know more next month when many people are expected to return to work as extended unemployment benefits run out, kids return to school, and the coronavirus is hopefully under better control. (4)Supply chain issues are still impacting home builders. The Census Bureau reported a 7% decrease in housing starts last month. Housingwire says the news is not all bad because housing starts are still 12% higher than last year and the number of single-family homes under construction is the highest since 2007. (5)But home builder confidence has dropped. The National Association of Homebuilders say the monthly confidence index fell five points in August, to a reading of 75. That's the lowest it's been in more than a year, mostly because of supply chain issues and high home prices. (6)Mortgage RatesMortgage rates didn't move much last week. Freddie Mac says the 30-year fixed-rate mortgage was down 1 basis point to 2.86%. The 15-year was up 1 basis point to 2.16%. (7)In other news making headlines…Home Prices Up Again in Q2Home prices pushed higher in the second quarter due to overwhelming demand and a short supply of homes. The National Association of Realtors says the sales price for the median single-family existing home was $357,900. That's up 22.9% year-over-year. (8)Looking at metros, NAR says that prices were higher in 182 of the 183 metros it analyzes. And in 94% of those metros, the median price was more than 10% higher. Metros with the strongest price growth have been in the South and West. The top gainer was Pittsfield, Massachusetts which is not in either of those regions. Second and third on the list of gainers was Austin, Texas and Naples, Florida. The only metro that posted a decline was Springfield, Illinois.That said, the overall market has cooled off a bit. NAR's chief economist Lawrence Yun says: “The housing market looks to move from ‘super-hot' to ‘warm,' with markedly slower price gains. Single-Family Rents Push HigherStrong demand for single-family rentals has also continued, and that's pushing rents higher. CoreLogic says U.S. single-family rents are up 7.5% year-over-year in June. That's five times higher than rent growth in June of last year. But rent growth is not the same across all price points with the fastest rent growth at the upper end. (9)Demand for single-family rentals really took off during the pandemic, and it hasn't slowed down. CoreLogic says they are overwhelmingly preferred by would-be homebuyers who have been either priced out of the market or can't find a home to buy.The 7.5% increase includes detached homes, duplexes, triplexes, quadplexes, townhomes, row-houses, condos, and co-ops. If you look at the rent growth for “just' detached single-family homes, it was 10.5% year-over-year in June and just 4.6% for “attached” rentals.Demand Slows for Second HomesThe pandemic also produced a surge in demand for second homes, but Redfin says that trend has died down quite a bit. The real estate website says second-home demand fell 21% in July compared to last year. But it also remains higher than it was before the pandemic. (10)Redfin's lead economist, Taylor Marr, expects a high level of interest in second homes to continue among those working remotely. He said in a statement: “If you build it -- amid a historic housing shortage -- they will come. I expect vacation homes to remain popular as more homes are built.”That's it for today. Check the show notes for links. And please remember to hit the subscribe button, and leave a review!You can also join RealWealth for free at newsforinvestors.com. As a member, you have access to the Investor Portal where you can view sample property pro formas and connect with our network of resources, including experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more.Thanks for listening. I'm Kathy Fettke and this Real Estate News for Investors.Links:1 - https://www.marketwatch.com/story/fed-worries-delta-could-prolong-shortages-and-keep-inflation-high-into-2022-11629314744?mod=the-fed2 - https://www.marketwatch.com/story/marketwatch-interview-feds-bullard-says-delta-covid-variant-wont-derail-economy-11629309073?mod=economy-politics3 - https://www.marketwatch.com/story/fed-officials-nearing-agreement-to-begin-tapering-in-november-wsj-2021-08-164 - https://www.marketwatch.com/story/jobless-claims-drop-to-pandemic-low-of-348-000-in-sign-companies-still-hiring-despite-delta-11629376754?mod=bnbh_mwarticle5 - https://www.housingwire.com/articles/housing-starts-tumble-in-july-due-to-choked-supply-lines/6 - https://www.marketwatch.com/story/home-builder-confidence-sinks-to-lowest-level-in-over-a-year-as-home-prices-soar-11629208832?mod=mw_latestnews7 - http://www.freddiemac.com/pmms/8 - https://www.realtor.com/news/real-estate-news/home-prices-jumped-across-the-u-s-in-second-quarter/9 - https://www.corelogic.com/intelligence/preference-for-detached-properties-pushes-single-family-rents-higher/10 - https://www.inman.com/2021/08/17/demand-for-second-homes-drops-for-second-straight-month/

The morning after fresh record closing highs for stocks, Carl Quintanilla, Jim Cramer and David Faber led off the show with a look at a pair of tech earnings movers: Shares of Salesforce and Snowflake each getting a lift from their respective quarterly results. The anchors reacted to what the CEOs of both companies told CNBC about their numbers, and explored what's next for stay-at-home players such as Zoom in wake of companies pushing back their return to office plans due to the Delta variant outbreak. Retail earnings also on the front burner: Williams-Sonoma shares surge on upbeat quarterly results and guidance -- plus a 20-percent dividend hike, while Dollar General and Dollar Tree saw their shares slump as both retailers issued guidance below street estimates -- this in wake of supply chain issues. Ahead of Fed Chair Powell's Friday speech to the Jackson Hole virtual Fed summit, the anchors reacted to comments St. Louis Fed President James Bullard made to CNBC about how soon policymakers should taper to combat inflation. Also in focus: Banks in the green including JPMorgan Chase trading at a two-month high, The debate over whether government benefits are a major disincentive for people to return to work - and where "gig stocks" fit into the picture, and "SPAC on the Street" including Forbes' plans to go public, plus another day in which a SPAC is doubling after the opening bell.

Greg Robb of MarketWatch's D.C. Bureau speaks with St. Louis Fed President James Bullard on the outlook for the economy and monetary policy and why he thinks the central bank should end its bond buying by March.

Carl Quintanilla, Jim Cramer and David Faber kicked off the show with a look at cryptocurrencies under pressure amid an expansion of China's crackdown on Bitcoin mining -- the newest steps resulting in a shutdown of about 90-percent of China's Bitcoin mining capacity. That news also weighing on shares of MicroStrategy and Coinbase. The anchors reacted to what the CEO of MicroStrategy told CNBC about the company's Bitcoin investing strategy. They also discussed the stock market's rebound after Friday's sell-off, which was sparked by comments St. Louis Fed President James Bullard made on CNBC about inflation and the road ahead for rate hikes. On the regulatory front, the anchors engaged in a wide-ranging discussion about a report in The Wall Street Journal, which says the SEC is preparing to require public companies to disclose more information about how they respond to threats linked to climate change -- and that businesses are gearing up for a fight. Also in focus: Amazon's two-day "Prime Day" gets underway and its rivals roll out their own deals for consumers, the "meme stocks madness" with shares of AMC more than doubling since the beginning of the month, big media companies such as Disney and the challenges they face when it comes to streaming and content costs, L Brands shares continue to rally -- the company files registration on a split of Victoria's Secret and Bath and Body Works, Pershing Square Tontine -- a SPAC controlled by billionaire investor Bill Ackman -- finalized a deal to buy a 10% stake in Universal Music Group from Vivendi valued at about $40-billion, and American Airlines will cut planned flights for the first half of July by about 950 flights, or 1%, due to staffing shortages and other issues as it deals with the sharp rebound in travel demand.

As stocks fall hard today following some hawkish comments from St. Louis Fed President James Bullard, Scott Wapner and the Investment Committee debate which names are most at risk and when you should step in and buy. The Committee shares their moves in this volatile market and Pete Najarian sees some Unusual Activity in a hot commodity.

Carl Quintanilla, Jim Cramer and David Faber led off the show by discussing new inflation data’s impact on the markets: The Consumer Price Index up 4.2-percent from year-ago levels -- the fastest pace in 12 years. That news adding to this week's tech sell-off and impacting names from Apple to Tesla. Recent weakness continues for Cathie Wood's ARK Innovation ETF, which is now down more than a third from its February highs. The anchors explored what's next for the "Wood-Stocks" in that ETF -- and reacted to comments about inflation and growth stocks that Wood made at her firm's webinar. They also took a closer look at the impact from the Colonial Pipeline hack, resulting in gasoline shortages across the Southeast and long lines at gas pumps. Carl, Jim and David reacted to comments from Energy Secretary Jennifer Granholm, who said there’s no need for people to hoard gasoline because Colonial has said it is hoping for full restoration by the weekend. Also in focus: St. Louis Fed President James Bullard responds to billionaire investor Stanley Druckenmiller's criticism of the policymakers' approach to an economic rebound, the outlook for auto stocks such as Ford amid the global chip shortage, and sales of Tesla's made-in-China vehicles slumping 27% in April from March.

Fake news has been permeating our society even more in the past few years, and the COVID-19 pandemic is no exception. Dr. Steven Hotze, founder & CEO of the Hotze Health & Wellness Center and President of the American Academy of Biologically Identical Hormone Therapy, explains what's going on with the virus, how it could lead to fewer deaths worldwide, and what scares him most about our current situation. Dr. Hotze is the bestselling author of Hypothyroidism, Health & Happiness: The Riddle of Illness Revealed and Hormones, Health, and Happiness: A Natural Medical Formula for Rediscovering Youth with Bioidentical Hormones. Website: www.WorkFromHomeShow.com www.HotzeVitamins.com www.HotzeHWC.com Here is the letter Dr. Hotze sent to President Donald Trump in regards to the response to COVID-19: April 8, 2020   President Donald J. Trump The White House 1600 Pennsylvania Avenue, N.W. Washington, D.C. 20500   Dear Mr. President,   Please receive my kind regards which I extend you with this letter.  Thank you for your strong leadership.   With this correspondence I would like to urge you to get Americans back to work.    There is no need to lock down our country, close businesses and churches, or quarantine our citizens. The COVID-19 pales in significance when compared to the other causes of disease and death in the U.S. and worldwide.   Since graduating from the University of Texas in Houston in 1976, the medical centers which I have owned have treated over 40,000 patients. In 1989 I established the Hotze Health & Wellness Center in Houston, Texas, which promotes natural approaches to ensure that our patients obtain and maintain health and wellness without pharmaceutical drugs. The goals that I have with each one of our patients is to enable them to 1) strengthen their immune system and 2) increase their energy level.   It is from my 44 years of clinical experience that I make the following observations and recommendations.   The treatment cannot be worse than the disease.   It appears that the current strategy for the coronavirus situation is a shot gun approach which is causing a tremendous amount of collateral damage. It seems that your advisors do not understand the cost risk benefit equation. By declaring an all-out war on a viral infection that pales in significance when compared to the major causes of disease and death in the world and in the United States, they have destroyed, in three weeks, the tremendous economy that you helped build over the past three years.   If we spent the same amount of time, money and effort that we have spent on this coronavirus situation, educating our citizens on how to obtain and maintain health and wellness naturally, without pharmaceutical drugs, then we could dramatically reduce the morbidity and mortality rate of numerous diseases, such as high blood pressure, heart disease, strokes, cancer, and diabetes.   This all-out war, shot gun approach, toward stopping the coronavirus infections, has led to the lock down of businesses, churches, schools and public events, and to the quarantining of the population. This has destroyed the tremendous economy that developed under your leadership and caused a huge amount of collateral damage to our fellow countrymen.   Ten million individuals have already lost their jobs in the first two weeks of shutting down the economy.   St. Louis Fed President James Bullard said the coronavirus economic freeze could cost 47 million jobs and send the unemployment rate past 32%, according to St. Louis Fed projections.   Millions of businesses and individuals are on the verge of bankruptcy.   As the CEO of Hotze Health & Wellness Center in Houston, Texas, and as the CEO of Conservative Republicans of Texas, I have been communicating with over 150,000 individuals through my social media platforms, specifically, my Facebook accounts, Hotze Health and CRTX News. The biggest concern my followers have is about the unwarranted destruction of their businesses and their jobs, as well as the loss of their constitutional liberties.   The government employed health bureaucrats, the fake news media, conventional medicine gurus, and the socialist politicians, have created irrational fear, mass hysteria and panic among the public. This is leading us down the path of national economic suicide that will have enormous adverse public health and economic consequences for many years to come.    Unfortunately, the government health bureaucrats have little or no clinical experience in treating patients, and yet they are making unilateral, monumental decisions about the direction we are taking with the coronavirus situation. Not one of them has talked about how individuals can strengthen their immune systems by eating healthy, taking vitamin and mineral supplementation, exercising daily and having a good night's sleep.   When I appeared on the National Fox News Coronavirus Update on Sunday, March 15th, I encouraged the listening audience to strengthen their immune system by following my ABCDZ immune system program. Vitamins A, B Complex, C, D, and Zinc are essential to strengthening the immune system.   Please allow me to underscore my key point. There is no need to lock down our country, close businesses and churches, or quarantine our citizens. The COVID-19 pales in significance when compared to the other causes of disease and death in the U.S. and worldwide.   The rifle approach, which I recommend, is simple. It would encourage the infirm and debilitated elderly, and those with preexisting health conditions to sequester themselves, until herd immunity can be built among the rest of society.   Every healthy person should go back to work and build that herd immunity.   With this correspondence I have enclosed my April 2020 Hotze Healthy Living newsletter, entitled The Coronavirus Issue. I have also enclosed my lawsuit against Harris County Judge, Lina Hidalgo's order banning church services. In this lawsuit, I make the case that the coronavirus situation does not rise to the point that our First Amendment constitutional rights of worship and peaceable assembly can be infringed upon or denied. Dr. Shiva Ayyadurai is my expert witness, and he has written an affidavit that challenges the current approach to the coronavirus situation.  He is a world-renowned immune system expert who received his doctorate from M.I.T. in biological engineering.  Dr. Shiva's affidavit is included.   Thank you for having called for a National Day of Prayer on Sunday, March 15, 2020.   As Christians, rather than being fearful, we should be confident, because we place our trust in our Sovereign God and in His divine providence, especially in times of adversity. “God has not given us a spirit of fear, but of power, and love, and a sound mind.” – 2 Timothy 1:7   We should demonstrate the courage of our Christian, Biblical convictions. When the world is in bedlam and hysteria is the order of the day, we can place our trust in the Lord God of Hosts and face the future with confidence and equanimity. We should claim this promise from His word for ourselves, our families, and friends.  “No evil will befall me, nor any plague enter my tent.” – Psalm 91:10   Mr. President, thank you for your bold leadership.   Let's get Americans back to work and Make America Great Again.   With much admiration for your leadership, I am,   Your obedient servant,   Steven F. Hotze, M.D.   Steven Hotze, M.D. Chief Executive Officer   SFH/sb   cc: Vice-President Mike Pence Senator John Cornyn Senator Ted Cruz Senator Bill Cassidy Dr. Ben Carson Governor Greg Abbott Lt. Governor Dan Patrick Atty. General Ken Paxton

Wharton's Jeremy Siegel interviews St. Louis Fed President James Bullard on monetary policy economic growth the inverted yield curve the repo rate spike and more. See acast.com/privacy for privacy and opt-out information.

Bloomberg's Michael McKee joins us with a series of interviews from the Jackson Hole Economic Policy Symposium. First, St. Louis Fed President James Bullard says U.S. farmers are in a down economy. Dallas Fed President Robert Kaplan says, "I'm open to adjusting rates but would prefer not to." Cleveland Fed President Loretta Mester is "confident" inflation is moving back toward the Fed's goal. And Philadelphia Fed President Patrick Harker thinks the Fed should stay its course and see "how things unfold." Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

This is our central banking perspective, with guest Paul Brassil, technology solutions at the Federal Reserve Bank of Boston. Brassil is an industry veteran who switched to a career with the Federal Reserve System. Having been involved with blockchain projects since early days, Paul is familiar with ins-and-outs of tech experimentations, shaping its technical roadmap. His team also evaluates automation, including AI, and other emerging tech. Paul sees software eating the world (e.g. Uber, Airbnb). His approach to emerging tech is not just digitizing legacy infrastructure and economic models but think about broader paradigm shifts. Paul compares their blockchain experimentation at the Boston Fed to a 'scrappy' tech startup. To help the Fed be more educated and prepared for market adoption, they want to provide thought leadership based on practical experimentation in a sandbox-like environment. The Boston Fed stands out from its counterparts in the Federal Reserve System with its focus on tinkering rather than policy & economic research. As a public service org., they want to apply their learnings to Fed functions, including payments settlement, regulation & supervision, regional and community outreach, blockchain for social good, as well as training their bank examiners on distributed ledger knowledge. Paul thinks Facebook's Libra, like other ambitious tech projects, should aim to create a mobile experience so smooth that even his grandmother can use it. Links: Central Bank of Singapore's Project Ubin: https://www.mas.gov.sg/schemes-and-initiatives/Project-Ubin St. Louis Fed President James Bullard on currency competition: https://www.stlouisfed.org/from-the-president/speeches-and-presentations/2019/public-and-private-currency-competition Boston Fed's Blockchain Whitepaper: https://www.bostonfed.org/publications/fintech/beyond-theory-getting-practical-with-blockchain.aspx ----------------- If you like A Bit Cryptic podcast and want to continue hearing new episodes, please support us through our affiliates (or donation) -- ------------------------ Follow A Bit Cryptic Podcast: Twitter.com/keepitcryptic https://Medium.com/@abitcryptic https://Facebook.com/abitcryptic https://Instagram.com/keepitcryptic https://www.abitcryptic.com/ ——————————— We are a Civil newsroom as part of a new global community network of independent newsrooms. For more, visit —> https://civil.co/ -------------------------------- If you like what you heard, please leave us a 5-star review and share the podcast! -------------------------------- Affiliates: If you don't have a Coinbase account, it's a convenient way to buy, sell, and store smaller cryptocurrency online (it's FDIC insured to $250k). Use our link to get $10 free BTC after you buy $100 worth of crypto: https://www.coinbase.com/join/52dbff1652e0669dd500002d If you want extra security for storing your crypto i.e. if you have more than 1 month earnings in crypto, you NEED to be using something secure like a Hardware wallet: https://www.ledger.com/?r=b2a701a48333 ------------------------------------ Donation links: BTC: 1CsrHFn1VCpjofxRKxw1DQKGVURSxr8yWb ETH: 0xe612032F9AE393017141A5CBA6DFC00428B82cE6 LTC: MMPb9PpgdJvnXaXYynXQ728e4GNtyHGAbu USDC: 0xAa512a7F121e2781700f73D7B4a8b1FDA80E545a

If you have an opinion, idea, thought, or something to share, call +1 888-629-7864.Sponsored By: Fixed Cost Financial, Inc. the home of Fixed Cost Investing℠NOTES1. Thoughtful Conversations - ClientsA. Actionable information and knowledgeB. Busy clients, families, work, commuting,C. Importance of delegationD. CEO to Basic Blue CollarE. No longer comfortable with own skin, skill set, making better use of timeF. Confusing, complex, contradictory informationG. Pointing in the right directionH. We developed a comprehensive program for Retainer, User, Delegator, Abdicator, IgnorerI. Financial planning by and for the individual, same with economics, individual basis2. Personal Air Conditioner - Facebook, AdvertisementA. Show linksB. EvaporatorC. EvaSMART 2D. Indiegogo smash hitE. EntrepreneurF. Hogwash3. Apartment Building Owners Try to Grapple with Tougher Energy Use RequirementsA. how much it might cost co comply.B. New York City is the first city in the world to require all large existing buildings of 25,000 square feet or more, of which there are 50,000 citywide, to make efficiency upgrades… or face steep penaltiesC. sustainability requirementsD. Energy efficiency is a worthwhile objective, but NMHC has argued that the upfront cost needs to be kept within reasonable boundsE. Nearly all (98 percent) of apartment developers said changes in building codes over the past 10 years increased development costs for the average apartment project, and these costs, when they exist, average 7.2 percent of total development costs4. Tony RobbinsA. Tony Robbins Strikes Back: Own Your Own Firm, Never Get FiredB. We've watched at least one high-profile RIA pull away from Tony Robbins after the latest wave of old scandals resurfaced.C. The logic there is ruthless but clear. The firm tied its reputation to the celebrity figurehead but can't supervise his outside activities.D. As his disclosures routinely point out, Robbins owns 30% of retirement plan service group America's Best 401(k). They can't kick him out without buying him out.E. There's no regulatory disclosure on the site and while the principals are passionate about better retirement outcomes, they don't show up in an SEC search.F. Medical Practice owned by non-DoctorsG. Salesforce founder Marc Benioff technically plays a similar role in this particular firm. He doesn't pontificate much about plan design or how great America's Best 401(k) is.H. Benioff first discovered the self-help guru as a 28-year-old. The aspiring entrepreneur was working at a big corporation when he began absorbing Robbins's tapes and attending his seminars. Eventually, he credited Robbins with his decision to start Salesforce years later, now a $6.6 billion San Francisco enterprise behemoth.I. It may be among the most ancient pieces of leadership wisdom, yet when it falls from Robbins's lips, people listen, and they have for more than 30 years. "When everybody's unsure what to do, and there's somebody who fucking knows, everyone pays attention," says Robbins. "Someone who has certainty, even if they're wrong, will lead other people."J. Robbins Research International, a life-coaching empire that includes a massive book business (15 million volumes sold globally), an audio business (50 million programs sold), a life-coach certification business, and seminars for which attendees pay as much as $8,000 to be in the same room with the man himself.5. Stocks rose strongly on Tuesday morning after Fed Chair Jerome Powell said that the Fed would respond appropriately to trade war risks. The comments pointed to a future cut in interest rates and echoed comments from St. Louis Fed President James Bullard on Monday. Meanwhile, the Commerce Department reported that U.S. factory goods orders fell 0.8% in April, down from a revised 1.3% increase in March. T6. Social Security was never really intended to be the sole source of income for older Americans. Originally developed in the 1930s to supplement employer-sponsored plans and other personal savings, it's now become the major stream of income for many retirees.A. Ninety percent of those 65 and older receive benefits today. More than 62 million Americans will receive approximately $955 billion in Social Security benefits this year.1 However, the gap between what we receive from Social Security and the income many of us will need in the years to come may be wide.B. That's why it's crucial to consider how timing, income, and taxes impact your Social Security benefits. Understanding more about these factors can help you plan accordingly, avoid surprises, and prepare for what you may need to find other sources of income to fill any gaps.C. Today, 66 is full retirement age for anyone born before 1960 and 67 for those born after. Your benefits grow by 8% every year that you delay claiming them. The longer you hold off, the greater your benefits will be.D. There are certainly pros and cons to taking them early or waiting. You can actually delay taking them all the way to age 70 before you stop seeing incremental increases in the benefit amount. If you can delay taking benefits until at least 70, you'll have increased your annual Social Security income by 76% relative to someone who began taking benefits early at 62.E. If you're thinking about working while receiving Social Security benefits, your benefits may be reduced depending on when you file.a. Before full retirement age, benefits are reduced $1 for every $2 above $16,920 in earned income.b. At full retirement age, benefits are reduced $1 for every $3 above $44,880 in earned income.c. After full retirement age, there's no limit on earnings. Withheld earnings are returned.F. Your benefits may be taxed. The question is if they are, at what percentage? That depends on what tax bracket you're in. If your combined income is equal to or less than $25,000 if you file as an individual ($32,000 if married, filing jointly), then none of your Social Security benefit is taxablea. If it's more than $25,000 and equal to or less than $34,000 ($32,000 and $44,000 if married, filing jointly), up to 50% is taxable. If your combined income is more than $34,000 ($44,000 if married, filing jointly), it goes up to 85% being subject to taxationb. Speak with your tax advisor for guidance concerning the calculation of taxes.G. Catastrophe Bondsa. Catastrophe bonds (also known as cat bonds) are risk-linked securities that transfer a specified set of risks from a sponsor to investors. They were created and first used in the mid-1990s in the aftermath of Hurricane Andrew and the Northridge earthquake.b. In the first quarter of this year, a record $4.24 billion in new catastrophe bonds was issued in 17 separate transactions,” said Robert Hartwig, associate professor and co-director of the Risk and Uncertainty Management Center at the University of South Carolina's Darla Moore School of Business. “What this says is that cat bonds are no longer the interloper or the disrupter. They've become a mainstay fixture.c. First, a bit of history: In 1992, Hurricane Andrew caused $17 billion in insured losses in Florida—a loss figure double the modeling estimates at the time for the financial costs emanating from a severe hurricane. Several insurers were forced into bankruptcy, and reinsurance capacity dried up for the remainder. A new source of capacity outside traditional reinsurance was needed to fill the void. In 1996, according to Aon Securities, the first catastrophe bond drawing risk-bearing capital from the capital markets to satisfy this need was developed by St. Paul Re UK.d. Two main parties are involved in the issuance of a catastrophe bond—a sponsor and investors. Sponsors include insurance companies, reinsurance companies, large multinational corporations and even governments, all looking to spread the risk of loss from hurricanes, earthquakes and other natural disasters. Investors generally are pension funds and hedge funds looking to diversify their investment portfolios with a new asset class.e. Pension funds, retirees should know how their pensions are invested. The have no say, the trustee has all the say, but are these people making solid decisions?f. catastrophe bonds are a complement to traditional reinsurance, presenting the opportunity to hedge the risk of loss from a natural disaster. The bonds function just like a reinsurance contract structured over several years or a single year. When the sponsor's property damage losses exceed a specified indemnity trigger ($2 million, for instance), the bond kicks in to absorb the financial impact up to a stated limit (say $3 million), making it similar to traditional reinsurance, in which reinsurers assume layers of risk within a so-called tower.g. Lloyd's of London, generally known simply as Lloyd's, is an insurance and reinsurance market located in London, United Kingdom. Unlike most of its competitors in the industry, it is not an insurance company; rather, Lloyd's is a corporate body governed by the Lloyd's Act 1871 and subsequent Acts of Parliament and operates as a partially-mutualised marketplace within which multiple financial backers, grouped in syndicates, come together to pool and spread risk. These underwriters, or "members", are a collection of both corporations and private individuals, the latter being traditionally known as "Names".h. The business underwritten at Lloyd's is predominantly general insurance and reinsurance, although a small number of syndicates write term life assurance. The market has its roots in marine insurance and was founded by Edward Lloyd at his coffee house on Tower Street in c. 1686. Today, it has a dedicated building on Lime Street within which business is transacted at each syndicate's "box" in the underwriting "Room", with the insurance policy documentation being known traditionally as a "slip"i. In 2018 there were 84 syndicates managed by 55 managing agencies that collectively wrote £35.5bn of gross premiums on risks placed by 303 approved brokers. Around 50 per cent of premiums emanated from North America, 30 per cent from Europe and 20 per cent from the rest of the world. Direct insurance represented around 70 per cent of the premiums, mainly covering property and casualty (liability), while the remaining 30 per cent was reinsurance. The market collectively reported a pre-tax loss of £1bn for 2018, resulting from above-average major claims and a weak investment environment.[4]j. Lloyd's capital structure, often referred to as the "chain of security", provides financial security to policyholders and capital efficiency to members. The Corporation is responsible for setting both member and central capital levels to achieve a level of capitalisation that is robust and allows members the potential to earn superior returns1. There are three "links" in the chain: the funds in the first and second links are held in trust, primarily for the benefit of policyholders whose contracts are underwritten by the relevant member. Members underwrite for their own account and are not liable for other members' losses2. The third link consists largely of the Lloyd's Central Fund, which contains mutual assets held by the Corporation which are available, subject to Council approval, as required, to meet any member's insurance liabilities.[20]3. In 2017 the first link (syndicate level assets) amounted to £51.1bn, the second link (members' "funds at Lloyd's") £24.6bn, and the Central Fund contained just over £2bn.4. Lloyd's worst results in its long history were in the 1989 through to 1991 years, each producing overall losses of over £2bn; the late 1990s were also punctuated by repeated and significant underwriting losses.[23] In 2001 the calendar year result was a 140 per cent combined ratio, driven largely by claims arising out of the World Trade Center attack, reserve increases for prior-year liabilities and deteriorating pricing levels. However, since then, the market has generally enjoyed profitability in every year except those marked by large natural catastrophes. For example, in 2005 a spate of major Atlantic hurricanes including Hurricane Katrina drove the Lloyd's overall combined ratio to 112 per cent, while events including the Japanese earthquake and floods in Thailand badly impeded performance in 2011.5. United States gun control advocates have accused Lloyd's of providing “murder insurance” because it underwrites several types of National Rifle Association-endorsed firearms policies, including for gun shows and personal liability insurance that covers criminal and civil defence suits. The NRA-endorsed personal liability policies are unusual, as insurance policies rarely cover costs from criminal prosecution. Gun control supporters argue that these policies could increase gun violence as they have the potential to reduce the negative consequences of firing a gun, similar to “stand-your-ground” laws.[446. According to the owner of Appalachian Promotions, which organises gun shows in several US states, Lloyd's is "the NRA's choice” for gun shows and “there's usually nowhere else to get it for gun shows.” Critics have accused Lloyd's of enabling the “gun show loophole” and “aiding and abetting the black market in handguns.”[457. New York state regulators are investigating the marketing of these “self-defense" insurance policies.[4k. Thinking in Bets. Making smarter decisions when you don't have all the facts by Annie Duke. "Life is poker, not chess" "Quick or dead, our brains weren't built for rationality." "Learnl. The Colorado State University (CSU) tropical weather forecasting team has increased its prediction for the number of hurricanes that will form during the 2019 Atlantic Hurricane Season and also its landfall probabilities, but still cite the significant uncertainty associated with El Nino's influence this year.LINKSMeet the Smart A/C that is the Perfect Summer Desk AccessoryEvapolar 2 - Smart Personal Air ConditionerWhy you should not buy the EvapolarHomemade Air Conditioner #1Homemade Air Conditions # 2Homemade Air Conditioner # 3

St. Louis Fed President James Bullard says Donald Trump's policies may improve U.S. productivity. Prior to that, UBS' Geoffrey Yu says the Turkish Lira is among the most vulnerable to changes in exchange rates. Then, Michael Feroli, JPMorgan's chief U.S. economist, says Trump's fiscal policy has several layers of uncertainty. Finally, Joachim Fels, PIMCO's global economic adviser, says populism means the EU may break up in the next crisis. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

St. Louis Fed President James Bullard says the central bank is close to its goals; Dallas Fed President Robert Kaplan says the path of Fed rate hikes going forward will be flatter; Atlanta Fed President Dennis Lockhart says he can see two rate hikes this year; NYU's Brad Hintz says negative rates are crushing bank balance sheets; Columbia Business School Dean Glenn Hubbard and Barclays' Michael Pond discuss the Fed's policy toolbox. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

St. Louis Fed President James Bullard says that the Fed needs to normalize rates, but not while inflation expectations are falling. He joins Tom Keene and Michael McKee on Bloomberg Surveillance. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

What a week for global stock markets, but in particular, the U.S. stock market, which had its worst week in 4 years The Dow Jones down better than 1,000 points - over 10% from its peak puts it in official correction territory One-third of the stocks in the S&P 500 are already down 20% from their highs The Dow lost more than half of the 1,000 points today - 530 points, which is the 9th biggest point decline ever This is on top of the 350 points dropped on Thursday Thursday we broke below some key technical levels so Friday's drop was inevitable There could be a bigger one looming for Monday This is reminiscent of the weekend before Black Monday back in 1987 We are only about 300 points above the lows from October last year when St. Louis Fed President James Bullard saved the market and sent the Dow up 2,000 points This time he is throwing the market an anchor He still indicates the Fed is undecided What data over the next couple of weeks could be that significant? The Fed does not want to admit that they can't raise rates When is the Fed going to blink? Valuations are extremely high, and the Fed is about to go from supporting the market to leaning against it The economy is decelerating I think the market is going to surrender all the gains it has made since March of 2009 None of those gains have been real - they did not come from increased production or a genuine increase in corporate earnings, it was all Fed engineering The market has gained no ground since QE was suspended If the market goes down on Monday, what is the Fed going to do? The Fed needs an excuse not to raise rates The drop is not because of China The problem in China and in the emerging markets is caused by the perception that U.S. Fed is going to raise rates The markets want to blame the market correction on China but that is not why our market had a correction Emerging market currencies are taking the brunt of the selling by those who are expecting a Fed rate hike The euro is very strong today, and the dollar index is declining The euro is going to go on a big move, especially if the Fed caves Gold is up $80 in the last 2 weeks What happened to the theory that gold will collapse below 1000? Two weeks ago hedge funds were for the first time net short gold How is that trade working out for them now? A lot of people are trapped short the euro and short gold Now pro-dollar bets are pressing smaller currencies This is the last throes of the dollar bull, based on the rate hikes that aren't going to happen At the end of the 6 or 7 year journey, there can't be a rate hike If the Fed actually raises rates, they lose credibility because they will have to immediately reverse course If they do not raise rates, they can say caution is needed because of another dip in the recession This way they don't have to admit that the policy was a failure The only economic data that came out today was the August Manufacturing PMI number - expected to improve over last month It dropped again to 52.9 - the lowest level since October 2013, and the biggest miss in 2 years If the Fed is truly data dependent it would have already admitted that it can't raise rates At the end of 2014, I predicted that 2015 would be a much weaker economy than forecasted I was right about that I thought by now the Fed would have admitted that the economy is too weak for a rate hike But the Fed just keeps talking about a potential rate hike as though it were a real possibility This is a very dangerous game The Fed is going to have to eventually go to QE4, but in the long term, the market actually needs tight money, but that is going to lead to a much bigger financial crisis than the one we had in 2008 Bank failures, defaults - not only on private debt but also treasuries That would ultimately be better than the massive inflation we will suffer The Fed will not have the luxury of holding bonds to maturity if it n...