Podcasts about recessionary

Hello and welcome to this Investing Matters ensemble special podcast where you our global audience are not only going to gain the insights and expertise from one or two expert Fund Managers and Investment industry heavyweight, alas you are going to be treated to six fantastic guests in the form of: Annabel Brodie-Smith: Communications Director of The Association of Investment Companies Stephen Yiu: Lead manager of the Blue Whale Growth Fund Edmund Shing: Global Chief Investment Officer of BNP Paribas Wealth Management Gervais Williams: Head of Equities of Premier Miton Charlie Huggins: Head of Equites of the Wealth Club George O'Connor : Award winning, sell-side equities analyst covering software & IT Services   My “Magnificent 6” guests answered and shared their insights and expertise on the following: Their greatest investing takeaways and lessons from 2023. How they will apply those lessons learned from 2023 in 2024. What one thing in they view could have the biggest impact on both the UK and global economy in the 2024. What their investing outlook for 2024 is? Which stocks or sectors they are least interested in and or would avoid as we head into 2024? Which stocks or sectors they favour and or are overweight in as we head into 2024? Followed by a final fun a question.  My “Magnificent 6” covered topics including: Identifying compelling opportunities. Change is constant. Inflation & Interest rates. Focus on high quality small caps. The Magnificent 7. Herd mentality remains strong. The Private Equity sector & Investment Companies. Look for companies with resilience. The small cap effect and comeback. Major Elections. Central Banks. AI & Generative AI opportunities. Bonds. Geopolitical risks/ Increased volatility. Indebted & highly leveraged companies. Commodities & precious metals. Initial Public Offerings. Focus on long-term quality fundamentals. Property, REITS, Banking, Real Estate, Telecoms, Renewable Energy & Tech sector Takeovers / Merger & Acquisitions Contrarian opportunities/ Survivors & thrivers. Recessionary risks. FTSE 100 / AIM Index. Stocks include Computacenter, Canadian Natural Resources, Relx, Mastercard, Nvidia, Adobe, Microsoft. & much more. We hope you enjoy this podcast, and we look forward to hearing your feedback. Please subscribe to this podcast on your platform of choice and follow the @InvMattPodcast on Twitter & Investing Matters on Linkedin.

This week's Thanksgiving Week long-form includes my in-depth conversation with Grant Williams. We cover a number of very different topics in this discussion. First, we talk about the challenges of the Federal Reserve dodging recessionary economic data points while battling inflation and keeping that "soft landing" thesis in tact. The clouds of the US economy are hanging low yet they are determined to be data dependent while navigating by the stars above those clouds. We also talk about a detachment of history and how a younger generation may be influenced on how they perceive the world around them. And finally, we talk about the rise of Saudi Arabia in the sports world. Is this a trend which will last and grow? Or has that push into athletic spectator dominance been overdone? We'd like to thank our sponsors: Western Copper and Gold is focused on developing the world-class Casino project in Canada's Yukon Territory. The Casino project consists of an impressive 11 billion pounds of copper and 21 million ounces of gold in an overall resource. Western Copper and Gold trades on the TSX and the NYSE American with WRN. Be sure to follow the company via their website, www.westerncopperandgold.com. Arizona Sonoran Copper Company (ASCU:TSX) is focused on developing its brownfield copper project on private land in Arizona, a tier 1 location. The Cactus Mine Project is located less than an hour's drive from the Phoenix International airport via highway i-10, and with grid power and the Union Pacific Rail line situated at the base of the Cactus Project main road. With permitted water access, a streamlined permitting framework and infrastructure already in place, ASCU's Cactus Mine Project is a lower risk copper development project in the infrastructure-rich heartland of Arizona.For more information, please visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.arizonasonoran.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Fireweed Metals is advancing 3 different projects within the Yukon and Northwest Territories, including the flagship Macmillan Pass Project, a large zinc-lead-silver deposit and the Mactung Project, one of the largest and highest-grade tungsten deposits in the world. Fireweed plans to advance these projects through exploration, resource definition, metallurgy, engineering, economic studies and collaboration with indigenous people on the path to production. For more information please visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠fireweedmetals.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

Michael Kao (@Urbankaoboy) joins Julia La Roche on episode 119 to discuss his macro outlook, why we haven't seen a hard landing yet thanks to the “four horsemen of economic resilience,” and why he's favoring shorter duration assets in this economic environment.  Mike has been in the investment business for 30 years and has experience analyzing and investing in many markets and asset classes, spanning commodities to credit to convertible/capital structure/event arbitrage to distressed debt/equity investing.  Mike began his career in the commodities unit at J. Aron/Goldman Sachs in NYC in the early 90's and traded over 25 different commodity markets and their derivatives. Mike left Goldman to pursue an MBA in Finance at The Wharton School.  After business school, Mike joined Canyon Partners, a credit-oriented hedge fund in Los Angeles, where he went on to become partner and co-founder of the Canyon Arbitrage Fund, which focused on various strategies including convertible and capital structure arbitrage as well as event-driven/risk arbitrage. After 5 years at Canyon, Mike decided to leave Canyon and begin his own investment firm, Akanthos Capital Management, LLC. At Akanthos, Mike ran an opportunistic, value-driven investment strategy that looked for “fulcrum securities” up and down the capital structure.  Mike stopped actively managing external capital in 2019 and now invests primarily for his family office and enjoys blogging about the markets and economy on Substack at urbankaoboy.substack.com and Twitter @UrbanKaoboy.  Mike holds a BS in Electrical Engineering/Computer Science from UC, Berkeley and an MBA in Finance from The Wharton School of the University of Pennsylvania. Links:  https://www.urbankaoboy.com/ https://twitter.com/UrbanKaoboy 0:00 Welcome Michael Kao  0:51 Macro view / The Four Horsemen of economic resilience  7:43 Recessionary outlook in the “vodka-Red bull” economy  11:00 The dollar wrecking ball  15:30 The rest of the world ‘out-doving' the Fed  19:23 Oil outlook  26:27 Portfolio construction, favoring shorter duration  33:00 Thinking about stocks and bonds 35:00 Exit strategies  41:16 Parting thoughts

Today's guest is Patrick Grimes.   Patrick is a the Founder of Passive Investing Mastery and Invest On Main Street; 4000+ units, over 1/2 billion real estate portfolio; best selling author; strong recovery last recession; BS and MS in Engineering & MBA; traveler & adventure sports enthusiast.   Show summary:  In this episode of the How to Scale Commercial Real Estate Show, host Sam interviews Patrick Grimes, founder of Passive Investing Mastery and Invest on Main Street. Patrick discusses his journey from being a mechanical engineer to running a large private equity firm with half a billion in holdings. He introduces their recessionary acquisition fund, which aims to buy distressed properties in cash, refinance them, and quickly acquire multiple properties to create a diversified portfolio. Patrick also shares how his team uses intelligence software to identify distressed assets and the importance of agility in the current market.   -------------------------------------------------------------- Intro [00:00:00]   Lessons from past experiences [00:04:46]   Building a recession-resilient portfolio [00:09:01]   The recessionary acquisition fund [00:11:46]   Refinancing and 1031 exchange [00:17:46]   Finding deals with distressed operators [00:20:02]   Finding Great Deals [00:21:58]   Acquisition Engine and Distressed Assets [00:22:58]   Contact Information and Book Offer [00:24:15] -------------------------------------------------------------- Connect with Patrick:  Book: https://investonmainstreet.com/book (promo code: HowtoscaleCRE)   Web: https://investonmainstreet.com  Facebook: https://www.facebook.com/lifeoncloudnine https://www.facebook.com/InvestOnMainStreet  Linkedin: https://www.linkedin.com/in/patricksgrimes https://www.linkedin.com/company/investonmainstreet  Instagram: https://www.instagram.com/invest_on_main_street  YouTube: https://www.youtube.com/channel/UC-B4rNcRiMKTnWnClyd0Ojg   Connect with Sam: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.     Facebook: https://www.facebook.com/HowtoscaleCRE/ LinkedIn: https://www.linkedin.com/in/samwilsonhowtoscalecre/ Email me → sam@brickeninvestmentgroup.com   SUBSCRIBE and LEAVE A RATING. Listen to How To Scale Commercial Real Estate Investing with Sam Wilson Apple Podcasts: https://podcasts.apple.com/us/podcast/how-to-scale-commercial-real-estate/id1539979234 Spotify: https://open.spotify.com/show/4m0NWYzSvznEIjRBFtCgEL?si=e10d8e039b99475f -------------------------------------------------------------- Want to read the full show notes of the episode? Check it out below: Patrick Grimes (00:00:00) - LED me back to a large portion, 25%. Even at Tiger, 21 of their portfolio is in real estate. And so for that, the tortoise, but not the hare means buying for cashflow. It means buying existing construction. It means not speculating, not gambling, not sliding the big stack all on green 24 and spinning the wheel.   Intro (00:00:21) - Welcome to the how to scale commercial real Estate show. Whether you are an active or passive investor, we'll teach you how to scale your real estate investing business into something big.   Sam Wilson (00:00:34) - Patrick Grimes is the founder of Passive Investing Mastery and Invest on Main Street. He's a best selling author. He had a strong recovery from the last recession. He's also an engineer and an adventure sports enthusiast. Patrick, I bet there's a dozen more things in there that are part of your bio that are really cool that you are involved in. Thanks for coming on the show today.   Patrick Grimes (00:00:54) - Glad to be here, Sam. I've heard a lot about you from my my colleagues, and here we are finally connecting on your show today and on my panel on alternative investing tomorrow.   Patrick Grimes (00:01:04) - So we're doing a deep dive together in back to back.   Sam Wilson (00:01:07) - I'm looking forward to it. This will be great. Patrick. There are three questions I ask every guest who comes on the show in 90s or less. Can you tell me where did you start? Where are you now and how did you get there?   Patrick Grimes (00:01:17) - So I started as a mechanical engineer graduate and stuck pretty true to the path for a while, but I got some advice early on that said, you know the high tech space I was doing machine design, automation and robotics, and the owner of the company said, it's great you're going to earn a lot. You're going to have a lot of fun, but it's a wild ride. Invest in real estate, don't invest in high tech and put as much as you can as soon as you can. So that caused me to dump everything in real estate early on. Had a wild ride in real estate actually. And so. But as I progressed in my career, I found my way back to it.   Patrick Grimes (00:01:55) - And now we are a very large private equity firm. We have half a billion in holdings on the multifamily apartments, as well as some diversified energy funds. And we have a recessionary acquisitions fund, which is my which is the exciting announcement where we can win from this recession in this, as we see a bunch of great opportunities today, where I was in a losing position in 2009 and ten previously.   Sam Wilson (00:02:25) - Wow.   Sam Wilson (00:02:25) - Okay, man, there's so much here that I would love to take. There's so many rabbit trails we could go into here on your story. I just want to point out from kind of the intro, you go to school, you get a mechanical engineering degree. It takes mechanical, I would say an engineer. I love the engineers in our life. We need you. Right? You're very, very important people in our world. But it takes them a while typically to come around to making a decision. Because you are engineers, you study everything thoroughly and then make a decision. It sounds like you got out of school, got a job, and was like, sure, why not? We'll go get into real estate.   Sam Wilson (00:03:01) - What what was that process like?   Patrick Grimes (00:03:04) - So the analysis paralysis thing is real. But I managed to make in fact, I did the Do Zone podcast all about getting things done, and the guy picked on me for being an engineer the whole time.   Intro (00:03:15) - Because it is, I promise.   Patrick Grimes (00:03:17) - Yeah, it took me when I got the advice you needed to start investing in real estate. I treated it like I was going back to it, going back into another course, like I was taking electromagnetic static physics again. But I was doing it in real estate, so I was downloading guides, reading books, attending webinars, and I started learning about the highest returning deals. And so I wasn't very much interested in, like, conservatism that young. I was very much like, let's just figure out how to double and triple my money. And this was 2007. The market was never going to go down. So I pulled the trigger and learned quickly the downside of downturns.   Sam Wilson (00:03:57) - Wow. Wow. Yeah.   Sam Wilson (00:03:59) - You really you really did.   Sam Wilson (00:04:00) - And that's that's painful. I mean, one of the questions tell me if you agree or disagree with this and why. But one question I love to ask sponsors when I'm investing passively is tell me about a time when you lost money. Just because I think it's one of those things if somebody's never lost money. I have this theory that the first time they're going to lose money is when I invest with them. So I want to know, because I guess it instills some sort of confidence in me when someone's like, yeah, here's how I messed up. So what are some of those things that you are doing? Because I want to get what I really want to focus on today is, of course, your recessionary acquisition fund that you guys are launching. But how do those two, you know, comparing that to your zero 8 to 2010 experience, to what you guys are doing now? What are the lessons you learned and how are you positioning yourself differently now?   Patrick Grimes (00:04:46) - Well, it's a really great question because it's right at the heart of kind of who I am.   Patrick Grimes (00:04:50) - And my fiber. And I just spoke on it in San Francisco and had a little bit more time than that. But yeah. So back then I was looking for, again the highest returning deal, and I had very limited cash. So I was trying to leverage it up as high as I could, and I even got to 90% loan to value. And I in order to get the best terms, I personally guaranteed that loan, which meant they was I was risking. I didn't know at the time what cross Collateralization went, and signing on the loan myself meant that they could come after everything I personally owned. I was all in in one asset, right? It didn't have any diversification. I just was going big. And because I was trying to get really high returns, I wasn't buying for cashflow. I wasn't buying something that supported itself, that going in. If if the market crashed, I could just write it out, right. And I bought pre-development, not even development pre-development. And so a couple layers of speculation.   Patrick Grimes (00:05:55) - And I learned that speculation is different than investing. Buying for cash flow is different than speculation. And moving forward I you know, it did take me a number of years to recover emotionally. I was obviously it was a humiliating experience, but financially the property went I had to negotiate debt forgiveness, a property went through foreclosure, my credit got pummeled. I was able to escape bankruptcy. A lot of people did get. And maybe it would have been better if I'd done that. It would have been better if I'd done that. But I was able to escape it because I didn't want I didn't want to go that route. I got a master's in engineering in business. Started producing a lot of income again. And then I was following the breadcrumbs of the wealthy. And where do they invest? And unfortunately, it led me right back to real estate. But it led me back to investing as the tortoise, not the hare.   Sam Wilson (00:06:50) - Man. That's. Those are painful lessons. And what do they call that? Wisdom's tuition, I think, is the other way I've put it.   Sam Wilson (00:06:58) - It's like that's that's it. You have paid the tuition for that wisdom, so you led you right back to real estate, which is funny. But of course, like you said, you decided to become the tortoise. But what does that mean to you?   Patrick Grimes (00:07:14) - Right. And let me be clear when I say back to real estate, I mean for a large part of our portfolio. If you download the The Passive Investor Guide that I have on my website, it does show how 8% of that the middle class is 8% of their wealth in alternative investments. Okay, the high income and ultra wealthy have 25 to 50% of their wealth in alternative investments. So I actually am about diversification because in alternative investments, it's everything outside of Wall Street, right? It's it's real estate, maybe energy. We do energy deals as well. There's health care investments, right? There's lots of other kinds of investments, business equities to build that around in portfolio. But the breadcrumbs led me back to a large portion, 25%.   Patrick Grimes (00:08:00) - Even at Tiger, 21 of their portfolio is in real estate. And so for that, the tortoise but not the hare means buying for cash flow. It means buying existing construction. It means not speculating, not gambling, not sliding the big stack all on green 24 and spinning the wheel. So if you can buy an asset that cash flows right, that means you're putting enough down on the asset that allows it to cash flow. And you've got to look at recession resilience. So we're looking in the best markets that have shown over time to have to have the best resilience, which oftentimes there's some of the the cities in the southeastern states in Texas that are landlord friendly, that are tax advantaged and have had steady growth. And once you found a place like that, you're looking for diversified employment. You find a property that you can put a lot of capital down that'll cash flow. You got to see if it will cash flow, even if vacancies drop to where it did in past recessions. Then you've got to build a financial foundation.   Patrick Grimes (00:09:01) - I know put a very little bit down on a personally guaranteed balloon payment loan. We do long term debt or fixed interest debt or debt that is 3 to 5 years but has a rate cap. We bank and with that rate cap, we make sure that if our interest rate does rise to that cap, that we can still cash flow again means putting potentially even more down on the property, or buying the right kind of property that can cash flow in those kind of situations. And so there's a lot that I just said there. And there's other layers of the onion to dig deep, but it comes down to the the failure mode event analysis class that I took, and mechanical engineering, where you look at all the failures, you've seen, all the deals that come across my desk of operators that didn't have enough reserves, didn't put enough down, didn't have fixed debt, didn't have a low enough interest rate cap, didn't have replacement cost insurance in the case of a natural disaster. Didn't have replacement, didn't have rent insurance, revenue insurance to replace their rents.   Patrick Grimes (00:10:08) - In the case that there was a time that what residents weren't paying all these things combined right. You can put together a high risk adjusted return, meaning it's not going to be the biggest return, but you can put together a deal that will perform very strongly even in a down market.   Sam Wilson (00:10:27) - I think that's incredibly compelling. Obviously you do as well because this is what you guys are. This is your bread and butter right now. But but I think to investors today that's incredibly compelling. I don't know I don't know anybody right now. If you said, you know, if you took a random poll and of course this is I'm just making this up. But but I just can't imagine that if you took a random poll and said, hey, you know, in the next five years, do you predict economic just, you know, exuberance like the markets are going to do? Great people are going to do great. Like I think everybody's kind of overall sentiment is that good things are not in store in the near term.   Sam Wilson (00:11:03) - And so positioning, it's just it's just where we are. And so positioning yourself with these things and you've mentioned if you're listening to this show, I mean go back, hit pause and go back and listen to the 20 things Patrick just mentioned, because they were all things that as you look at deals you should be considering, but let's let's talk a little bit about the recessionary acquisition fund. I mean, I think one of the things you said is that, yeah, you're buying stuff for cash, will you're buying stuff that's well positioned, but I think you're also seeing stuff right now that may have some, some hair on it. Is that is that correct inside of it where you guys can come in kind of rescue the deal and then move it on down the line? What's, what's how does the recessionary acquisition fund work? There's the final question if I eventually got it out right.   Patrick Grimes (00:11:46) - Well, the strategy in past years, say in the last 5 or 10 plus years for real estate sponsors, has been to buy something and then hold it for 3 to 5 years plus and buy something that's a little bit below market that hasn't been renovated, and that you can renovate the units ten, 20 a month for, you know, 2 to 300 units and, and then bring it above market.   Patrick Grimes (00:12:08) - And that means you've got to buy a property. So you got to put up the equity for that. Then you got to put up the equity to to renovate it. Right. Which maybe it's another 50 or 100% of the equity you're raising to buy it. And then you got to hope that over the course of 3 to 5 years, the rent rise as you renovate and spend the money, and then you got to hope the building appreciates to an extent greater than the capital that you raised, greater than the capital that you raised for the CapEx or the renovations, and then produces a return beyond that. And what we're finding today is that in the inflationary environment, with interest rates going up, insurance going up, and taxes going up, with renovation costs being material, supplies being delayed, labor being hard to find that unfortunately. Stop penciling. Why? Because when your expenses go up it and your interest rates go up, it draws down on your valuations. And so even though you're working real hard to improve the property in the long term, I don't know.   Patrick Grimes (00:13:16) - So what's going to happen. So. The strategy right now is not to pull out the crystal ball that we had of yesteryear and try and hope for three, five and seven years down the line. Me as an analyst, I know that in 2009 and ten, not me, but other real estate investors that made it very wealthy. Were those individuals at the assets transferred to. During those times, they transferred away from the speculators, the gamblers like me back then, and they transferred to the people that made intelligent, articulated acquisitions at the right time. And so to really position yourself moving forward. You need to take off your old hat. Put on a brand new hat. Because the strategy to win in downturns, to find the upside of downturns isn't in pulling out your crystal ball and future for future speculation, it's in buying right and not hoping on long term value add. So what I mean by that is there is a ton of deal flow right now. Not like in three years or five years ago.   Patrick Grimes (00:14:21) - There's a ton of deal flow right now where we know on the buy that we're getting a great deal and we know very clearly going in today what that deal is, and we can move in cash to purchase it from a distressed operator, not a distressed asset, necessarily mean these are performing properties. We just bought a property at a ten cap, right? I mean, it's pushing out 10% cash flow a year if you buy it all in cash, which we did. That's what a ten cap means. It's amazing. I mean, it's performing property but it's distressed operators, individuals that that didn't plan for interest rates rising, didn't plan for inflation, didn't have reserves on the sideline to deal with their tenants not paying during Covid. And when the rental assistance checks stopped coming in, that and the eviction ban lifted, the evictions got backed up. They didn't plan for not having income, right? Maybe they had a natural disaster and they didn't have replacement costs insurance or revenue insurance to pay. So there's a bunch of reasons why right now, today there's a ton of distressed operators, distressed owners, not distressed assets.   Patrick Grimes (00:15:36) - Right. Needing to exit quickly. They need a source of relief. And so we can be that on the buy. And that's that's what we're doing. There's there's a case study of four properties that were done prior to us launching the Recessionary Acquisitions Fund. That set the stage for this is exactly the strategy we're going to rinse and repeat does. And within the recessionary acquisitions where we just did our first asset, we did it all cash by we we raised the capital immediately. We closed within 12 days. Incredible deal right off the bat. And what we're going to do is we're going to immediately refi out half our capital. So we're going to do 50% loan to value. That's that low leverage strategy I was telling you about. We're going to buy a second asset within the fund. So we're not going to distribute refinances and sell again. You got to take off your hat, put on a new one, new thinking cap today. Because normally one asset, you hold it, you cash flow you refi, you get that refi as an investor, when it sells, you get the proceeds from sale.   Patrick Grimes (00:16:38) - Not the case today. Why? Because we're not going to hold. We're going to buy it. We're going to refi, but we're going to keep that in the fund. And we're going to buy a second asset within the fund. And then we're going to take the first asset and we're going to 1031 exchange it into a third asset within the fund. We're going to do this very quickly. We're already working on the refi. We're already lining up the second and the third acquisitions right now. Then with those two we're going to create four and then four becomes eight. We're going to do this at 6 to 12 month paces between property to property. And we're going to turn $100,000 investment from an accredited investor, instead of putting it into one asset and holding it for 3 to 5 or 5 to 7 years, and missing this entire buying window this exciting time, right now, you can invest $100,000, and we can put it to work in a dozen properties in the next 3 to 5 years. And so by doing that.   Patrick Grimes (00:17:29) - Each time we make, we make a buy. We know the return. We're not hoping. And then we make one more step return. Make the return on the buy. And we make one more step return and one more step return. Instead of looking at that crystal ball, we just keep stepping forward to raise the returns.   Sam Wilson (00:17:46) - I've got several questions on this front. One of them goes back to the we'll start kind of the end and work our way back to the beginning. You said what you'll do is you'll buy the asset in cash, and then you'll refinance that at a 50% loan to value. And then you mentioned you're going to 1031 that into a second property. What's the point in refinancing if you're going to sell it in 1031? Into another property.   Patrick Grimes (00:18:11) - So we can refinance very quickly. It's all about velocity of capital and diversification. Right. So we can refinance very because we know we're we're getting a great by the minute we we buy it, we can pull out half our capital and we need to close quickly.   Patrick Grimes (00:18:26) - It's a little bit like Whac-a-mole on these deals. We do a lot of work up front, but the minute we do all the we do all the work front loader to make sure it's a good deal. But the minute our due diligence funds become hard, we know that it's an asset we get to close on and even in this asset. But from the 12 days that it took us to close, from the time that we we finished due diligence, the owner was already starting to get antsy because he already, he felt he left $1.3 million on the table. We believe he left 3 to $4 million on the table. So we have to move very quickly on these these assets in order to get them across the finish line. So we're going to close in cash the best basis we can pull out the capital quickly traded forward. And then we'll move to take the base asset the equity and the base asset after it three, 456 months. And then we'll trade it into the third asset.   Sam Wilson (00:19:16) - Got it.   Sam Wilson (00:19:17) - Man.   Sam Wilson (00:19:17) - That's an advanced strategy. There's a few other questions on that. Just in the in the operations of this fund. So these operators and again your clarification I appreciate which was that it's a distressed operator not a distressed deal. You know maybe they didn't have insurance. You know they've got hit with insurance premium increases. They've like you said they didn't have rate caps in place. Interest rates are killing them. All these different things that can happen to a distressed operator. It seems like you would incur those same. Increase in prices that they would maybe, maybe not the interest rate side because. Actually, if you're refinancing it, yes, maybe at a lower, lower interest rate. But all those still costs are going to be fixed and then passed on to you. How are you making this deal? Better than maybe what they are.   Patrick Grimes (00:20:02) - Well, let me give you an example. Okay. This first asset that we just bought in the fund. All right. It was the software developer that owned it living in the Bay, San Francisco Bay area.   Patrick Grimes (00:20:11) - All right. He inherited it from his father. And he spent 2 to 3 years virtually ignoring it. Right. And during this time, he he had the wrong kind of debt. Right. So we saw his interest rates go wild. He saw the cash flow go all over the place. He doesn't know how to operate or he's inexperienced. He's disinterested because he's interested in something else. In the meantime, he had tenants move out and even with tenants moving out, which it got down to 60% occupancy, which he had brokers calling, and we spoke to the brokers, but he was disinterested in putting in the work to actually lease it up. During this time, this thing dropped to six. This great property, great performing asset. And when we bought it with the cash price, we bought it. It was cash flowing at 10% a ten cap. So it's a performing asset. Nobody. It's really hard to buy properties regardless of how occupied it is, which at the end of the day when we bought it, it's cash flow.   Patrick Grimes (00:21:11) - There's only upside from there, right as you lease it up as you occupy it. Right. And we were there. He had two other offers and they were all higher prices, but they weren't cash buys. And we're going to move fast enough for them. Right. And so that's an example of how we find these pockets of deals in these times. And these people are disinterested and just throw their hands in there and they just want out quickly.   Sam Wilson (00:21:33) - I think that's that's absolutely brilliant. I love that the last question. Unfortunately, we're out of time here today. And if you're listening to this and want to get a hold of Patrick, he's going to give his contact info here at the end. This strategy I think, is brilliant, not something we've heard a lot about, if any, taking it really at the at the angle you guys are right now here on the show. We interview a lot of people here. So this is this is really, really cool. I love what you guys are doing here.   Sam Wilson (00:21:58) - So tell me this. I mean, it seems like people would be just lined up for these deals. Buyers would be all over these these opportunities you guys are finding how are you finding such great deals.   Patrick Grimes (00:22:09) - So that's one of the really exciting parts is so and normally again you have to take your old thinking cap off. You've got to put on your new recessionary thinking cap. Okay. It's really tough to do deals right now as we did 3 to 5, 5 to 10 years ago, because the brokers have been whispering prices to these owners that are dramatically higher, 20, 50% higher than what these properties are worth now. And the brokers are now in this spot where they're trying to hang on to the seller and but they're trying to get the price down, but they've already set the stage at a losing battle to make this deal come through. So while we love brokers and we have a lot of great relationships with brokers, pretty much most of all of our assets and all of our engagement with the deals starts with the owner.   Patrick Grimes (00:22:58) - And so we have this really cool. And we talk we explain it a little bit on on our website. I, we have this really cool acquisition engine which uses intelligence software. We have a huge team of people to funnel through and identify all the highest likelihood distressed assets. We've got a bunch of really cool filters that help us identify which ones, outreach teams that reach out to them, and then we reach the owner directly. Now, sometimes we end up talking to a broker, but we reach the owner directly and have those conversations, and we make sure that they're the right kind of buyer for us that are interested in moving quickly. There's some component of distress to them that allow them to exit at a great price. And they're not they don't have a broker that's going to mass market this so that we can move very quickly and lock it up, because agility is the key to the game. Buy as much as you can as quickly as you can and trade to the next assets. And during this very short, narrow window of call it a year and a half, two years where we see a trillion and a half dollars in debt coming due in commercial real estate, where we can snatch up as much as we can during this time.   Sam Wilson (00:24:09) - I love it, Patrick. If our listeners want to get in touch with you and learn more about you, what is the best way to do that?   Patrick Grimes (00:24:15) - So if you want to learn more about the recessionary acquisition fund, head over to Passive Investing Mastery. Passive Investing Mastery. We've got the Recessionary Acquisitions Fund and the Recessionary debt fund. Really high cash flow play next to it that we're launching soon. And if you're interested in having a chat, set up a call with me. You can go to invest on Main Street and my calendar is there. You can set up a meeting. I'm happy to talk to you wherever you're at. One of the things that I love about what I do is I have plenty of time to, you know, talk to, invest when I make the time. That's what I love to do. And regardless of where you're at, I'm happy to get your point in the right direction. We do only allow $100,000 minimums with accredited investors only into our deals. But I know other operators that that that can't be out here soliciting and talking about their investments.   Patrick Grimes (00:25:05) - I can point you to that work with non-accredited investors too. And I also have I mean, I have a best selling book. Would you like me to offer a copy of that out.   Sam Wilson (00:25:14) - Please?   Patrick Grimes (00:25:15) - Yeah. Persistence, pivots and game changers turning challenges and opportunities. I think I have a copy of it right. It is just such a cool book. I did it with, in fact, an actual rockstar. I co-authored it with a couple other people. Phil Collins, lead guitarist of Def Leppard, was one of them. It just an actual I mean, it was so cool. There was NFL, NBA players, entrepreneurs, handful of us put together a book and I tell my whole story. The ebbs and flows, the the ruin, the rebuild, the pivots, all of it. And until we landed here in Hawaii and where I'm at now. So I tell the whole story, I'd be happy to. I send out a signed hard copy, just as a give back to others that were hard working professionals that are looking for another option, right, to accelerate retirement.   Patrick Grimes (00:26:06) - And so if it helps to inspire your journey along, invest on Main Street slash book. That's the secret link. That's it's invest on Main Street comic book. If you use the promo code how to scale, then we know you're not somebody random. And then I legitimately offered it because we don't we don't send it to anybody. That just fills out the form. But but I do sign them, I sign them and. And we should we ship off a sign hard copy and and if you want to schedule a meeting to chat, I'd love to talk to you and appreciate all your time today.   Sam Wilson (00:26:40) - Awesome, Patrick, thank you so much for your time. This was awesome. You shared a wealth of knowledge and experience here with our listeners, as well as some awesome giveaways that book will share. Of course, all of the links there in the show notes that you've shared with us today, and I certainly appreciate your time. Thank you again for coming on.   Patrick Grimes (00:26:56) - Absolutely. Thank you.   Intro (00:26:57) - Sam.   Sam Wilson (00:26:58) - Hey, thanks for listening to the How to Scale Commercial Real Estate podcast.   Sam Wilson (00:27:01) - If you can do me a favor and subscribe and leave us a review on Apple Podcasts, Spotify, Google Podcasts, whatever platform it is you use to listen. If you can do that for us, that would be a fantastic help to the show. It helps us both attract new.   Sam Wilson (00:27:16) - Listeners as well as rank higher on those directories. So appreciate you listening. Thanks so much and hope to catch you on the next episode.  

Unusual Whales Pod Ep. 28: Fed FOMC Extends Pause, Credit Event, Oil and Housing Concerns, and Recession Outlook for 2023-2024This episode of Unusual Whales Pod was recorded live on September 20th, 2023 before the FOMC Rate Pause and subsequent press conference with Jerome Powell.Our hosts are joined by top macro experts to discuss the Fed rate pause, rising oil prices, the potential for a Credit event, the Housing market, and Recessionary outlook going into the end of 2023.Panel:Joseph Wang https://twitter.com/FedGuy12Cem Karsan https://twitter.com/jam_croissant Thelastbearstanding https://twitter.com/LastBearStandngBob Elliott https://twitter.com/BobEUnlimited Josh Young https://twitter.com/Josh_Young_1Unusual Social Media:Discord: https://discord.com/invite/unusualwhalesFacebook: https://www.facebook.com/unusualwhalesInstagram: https://www.instagram.com/unusualwhales/Reddit: https://old.reddit.com/r/unusual_whales/TikTok: https://www.tiktok.com/@unusual_whalesTwitter: https://twitter.com/unusual_whalesTwitch: https://www.twitch.tv/unusualwhalesYouTube: https://www.youtube.com/unusualwhales/Merch: https://unusual-whales.creator-spring.com/?**Disclaimer:Any content referenced in the video or on Unusual Whales are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. You can lose some or all of your investment. See terms for more information.

Get ready to unlock the secrets of a systems-based approach to investing, as we sit down with Jeff Ross, a seasoned investor with a diverse background in radiology. We delve into the intriguing intersection of radiology and finance, discovering how a systems-focused perspective can be applied to asset pricing in the context of macro top-down analysis. From dissecting the effects of inflation and economic growth to understanding liquidity, this conversation is packed with insights for every investor.When it comes to navigating market uncertainties, there's no better guide than Jeff. We'll explore how to seize potential opportunities that surface during a recessionary bear market, including the role of timing for bonds and gold, and strategic allocations to cash, inverse funds, and Bitcoin ETFs. It's not all doom and gloom though. We also touch on the evolving landscape of investing over the last decade, the advent of stagflation, and the influence of the 'Fear Of Missing Out' on market dynamics.Wrapping up, we plunge into the fascinating world of central banks, their immense power, and the rippling effects on asset valuation, market structure, and liquidity. Questioning the relevance of traditional free market economics, we consider Bitcoin as a reflection of a free market. Expect to leave this episode with a more nuanced understanding of the economic signals of a potential downturn, the consequences of hawkish rhetoric from the Federal Reserve, and the controversial role of quantitative easing in propping up risk assets. Get ready for an enlightening discussion with Jeff Ross and amplify your investing acumen!ANTICIPATE STOCK MARKET CRASHES, CORRECTIONS, AND BEAR MARKETS WITH AWARD WINNING RESEARCH. Sign up for The Lead-Lag Report at www.leadlagreport.com and use promo code PODCAST30 for 2 weeks free and 30% off.Nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.The Canadian Money RoadmapDiscover strategies to save, invest, and grow your money effectively.Listen on: Apple Podcasts SpotifyFoodies unite…with HowUdish!It's social media with a secret sauce: FOOD! The world's first network for food enthusiasts. HowUdish connects foodies across the world!Share kitchen tips and recipe hacks. Discover hidden gem food joints and street food. Find foodies like you, connect, chat and organize meet-ups!HowUdish makes it simple to connect through food anywhere in the world.So, how do YOU dish? Download HowUdish on the Apple App Store today:

We're going to bring you an inside look into a conglomerate investment company with operations and financial interests in resources, property and hospitality.  Founded in the early years of Singapore's colonial history – we're talking about 1887 here – The Straits Trading first started out as a company catering to the region's growing tin smelting industry.  It become renowned for its tin smelting operations by the 1900 and accounted for two-thirds  of Malaya's Tin output. Now, Straits Trading has evolved over the years to expand into sectors such as property, equity investments and hospitality. But which is the most important business vertical for the firm? Meanwhile, the firm posted a net loss of S$121.8 million for the second half of 2022, amid higher capitalisation rates and a reduction in the fair values of investment properties in Australia, China, South Korea and the United Kingdom. What are we looking at this year? How is the company walking the tightrope between revenue growth versus cost management in a high interest rate environment? And where do opportunities lie for Straits Trading? On Under the Radar, Drive Time's finance presenter Chua Tian Tian posed these questions to Eric Teng, CEO, Straits Developments Private Ltd and Group COO, Straits Trading.See omnystudio.com/listener for privacy information.

Inflation's finally coming down, but we're not out of the woods when it comes to the possibility of a full-on recession by year's end. For real estate investors, what does that mean?  It's a tough question to answer, but I'm always so grateful to have Daren Blomquist, VP of Market Economics at Auction.com, hop on with me to break it down for us. In short? It's a good time to be looking at lower-end properties, but approach expensive single-family homes with caution–especially on the West Coast!  In today's episode, Daren and I dig into what he's seeing in his high-level KPIs, what's happening in the housing supply, distressed housing markets and consumer spending trends. You'll also hear why it's a good time to be cautiously bullish as you hunt for new deals to add to your portfolio.  Key Takeaways with Daren Blomquist Why the macro economy looks good despite higher mortgage rates and home prices trending downward.  How the distressed market is fairing with delinquency and foreclosures. The indicators showing the highest probability of a recession since 1981. How post-COVID spending and inflation have put consumer debt at an all-time high. Why default rates could rise with home equity values are dropping while consumers are relying on credit with high inflation. The factors that are triggering major price cuts on homes for the first time in years. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/380 Rate & Review If you enjoyed today's episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, Spotify and YouTube so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign up for the Forever Passive Income Partnering, Mastermind and Coaching Program with Josh Cantwell To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com

Our guest in this episode is Angelo Ponzi, the brilliant mind behind Craft, an agency specializing in consulting, fractional marketing, and leadership services for small to medium-sized businesses. Join us as we delve into the world of brand building, discussing the strategies and tactics that have helped Craft create enduring brands in today's competitive landscape. Angelo shares his insights, expertise, and valuable tips for entrepreneurs and marketers looking to make their mark in the industry. This exciting conversation will inspire and empower you to take your brand to new heights. https://www.craftmarketingandbranding.com/ The Yakking Show is brought to you by Peter Wright & Kathleen Beauvais contact us to be a guest on our show. https://TheYakkingShow.com   peter@theyakkingshow.com    kathleen@theyakkingshow.com Timeline 01:24                     Marketing mistakes in Recessionary times 04:00                     Strategy vs tactics 05:50                     What is a fractional CMO 08:40                     Start with the data 10:55                     Qualatitive & quantitative studies 12:00                     How Angelo works 16:40                     Navigating the corporate culture 18:25                     AI 20:40                     New tools 22:00                     Angelo's story 28:00                     Success Secrets 32:32                     Contact Angelo Here are some of the tools we use to produce this podcast. Hostgator for website hosting. Podbean for podcast hosting Airtable for organizing our guest bookings and automations.   Clicking on some links on this site will let you buy products and services which may result in us receiving a commission, however, it will not affect the price you pay.  

Are we in a trap between positive U.S. economic data and weaker China economic data? The gold price has fallen to the lowest level since March 2023. The Russian risk has de-escalated, but still remains. Will Rhind says that the U.S. Dollar price firming is not good for gold. Recessionary pressures, however, would help the commodity. Is gold a hedge against an ever-rising stock market today?

Hosts: Ansel Lindner and Christian Keroles Watch this Episode: YouTube ||  Rumble  Fed Watch is a macro podcast with a clear contrarian thesis of a deflationary breakdown of the financial system leading to bitcoin adoption. We question narratives and schools of thought and try to form new understanding. Each episode we use current events to question mainstream and bitcoin narratives across the globe, with an emphasis on central banks and currencies.  Find all charts and links at bitcoinandmarkets.com/fed147 In this episode, CK, Chris and I talk Coinbase and Binance and what it means for the industry and Bitcoin. After that we discuss the China import/export numbers crashing and what that means for the global economy. Global recession is now spilling over to Germany and Europe as a whole has now entered recession. Lastly, we talk about minor central banks are back to raising their policy rates. What are they thinking? Of course, Binance and Coinbase were sued by the Securities and Exchange Commission (SEC) this week. Lots of public comments were made by the two beleaguered exchanges, top among them that the SEC failed to provide a path to become compliant. This doesn't match with what the SEC has said, so we walk through this issue. We are not lawyers, but we are bitcoin experts, who have correctly predicted how this whole sector would turn so far. The global recession continues to get worse for China and Europe. One of the central tenants of this show is that deglobalization will lead to dedollarization and bitcoinization. In that process, China and Europe will be hit much harder than the US economy, and despite what the famous macro pundits have said since COVID, we have been much more correct. In fact, they have been exactly wrong on most things, while we have been directionally correct. Last up for the show is talk about minor central banks. After the banking scares from earlier this year, these smaller central banks have returned to hiking rates. Why would they do this, and what are they thinking, are the questions we ask. Thanks for joining us! If you are reading this, hit the like and subscribe button! Constant updates on bitcoin and macro Free weekly Bitcoin Fundamentals Report Ansel Lindner On Twitter Christian Keroles On Twitter China export/imports crash More China exports drop via Bloomberg Europe enters recession Australia central bank hikes rates Central bank of Canada hikes rates If you enjoy this content please LIKE, SUBSCRIBE, REVIEW on iTunes, and SHARE! Written by Ansel Lindner Find More and Follow Lower your time preference and lock-in your BITCOIN 2024 Nashville conference tickets today! Use the code BMLIVE for a 10% Discount! ⁠⁠https://b.tc/conference/2024⁠⁠ Use promocode: BMLIVE for 10% off everything in our store THIS EPISODE'S SPONSORS: Moon Mortgage - ⁠https://www.moonmortgage.io⁠ River - ⁠https://river.com/⁠ Gordon Law - ⁠https://gordonlawltd.com/⁠ Bitcoin 2024 Nashville - ⁠https://b.tc/conference/⁠ Bitcoin Magazine - ⁠https://store.bitcoinmagazine.com/⁠ Bitcoin Magazine Pro - ⁠https://bitcoinmagazine.com/tags/bitcoin-magazine-pro⁠ Bitcoin Amsterdam - https://b.tc/conference/amsterdam

Today we're going to introduce a game changer in the dental practice management software world...‍‍This is an innovative, all-in-one, cloud-based practice management software, and it offers an array of powerful features that are custom built for dentists by dentists ready to revolutionize the way you work. ‍If you are a start-up and decide to sign up with Oryx, they will NOT charge you a single dime, until you reached 200 active patients!⁠⁠They are partnering up with all startup practice owners and making sure you succeed, fast!⁠⁠ Click this link to schedule a FREE personalized demo and to see more on their exclusive deal!⁠‍‍‍Guest: Jay LetwatBusiness Name: SunbitCheck out Jay's Media:Website: https://sunbit.com/Email: jay@sunbit.com‍‍Other Mentions and Links:FicoBeyoncéT-MobileBurger KingCheesecake FactoryStarbucksVantageExperianiPadGimbelsTargetCare CreditLending ClubTerminatorEBITDA - earnings before interest, taxes, depreciation and amortizationFlip the Script - Oren Klaff‍Host: Michael Arias‍Website: The Dental Marketer Join my newsletter: https://thedentalmarketer.lpages.co/newsletter/‍Join this podcast's Facebook Group: The Dental Marketer Society‍‍My Key Takeaways:Expensive treatment plans can build a wall of resistance in a patient's mind. Be sure to address these fears, and provide customizable options for financing.Sunbit approves approximately 85% of patients who need care for financing options. That's more than double the average!Nobody budgets for a $3,000 dental procedure out of the blue. Be sure to stress that patients don't have to pay all of this at once!The credit approval system in the US has largely been untouched since the 60's. It is about time to update the process and allow more accessibility.The patients that are scared away by price will mostly likely never return. Having great finance options will help them feel safe and included!‍Please don't forget to share with us on Instagram when you are listening to the podcast AND if you are really wanting to show us love, then please leave a 5 star review on iTunes! [Click here to leave a review on iTunes]‍p.s. Some links are affiliate links, which means that if you choose to make a purchase, I will earn a commission. This commission comes at no additional cost to you. Please understand that we have experience with these products/ company, and I recommend them because they are helpful and useful, not because of the small commissions we make if you decide to buy something. Please do not spend any money unless you feel you need them or that they will help you with your goals.‍Episode Transcript (Auto-Generated - Please Excuse Errors)Michael: All right. It's time to talk with our featured guest, Jay Lewa. Jay, how's it going? Jay: Everything is great, Michael, how are you? Michael: I'm doing pretty good, man. I'm doing pretty good. I appreciate you coming on. If you don't mind me asking. I know, I know. But like for our listeners, where are you located?Jay: Based in, uh, Los Angeles. Based in Los Angeles. Yeah, that's where our headquarters are at. Michael: How are you liking this Jay: rain? It's kind of new to me, to be honest with you. I've, I've only been in LA for five, six years. Um, so it's new in the sense of la but like, I'm originally from the Midwest in Chicago, so it rains and snows and could snow in, you know, August could rain in, you know, March.So we used to kind of the four seasons here, people start to panic a little bit when the rain comes or when it gets cold. It's kind of funny, but, uh, but it's nice, it's fun. Yeah. Michael: Yeah, we do. Yeah, we, that happens a lot all the time, but Awesome man. Okay, so then tell us a little bit about your past, present.How'd you get to where you are today? Jay: Sure. So I've got about 20 years of experience, um, mainly on the technology disruption side. So I did a lot of consulting early on in my career. A lot of performance improvement, compliance work as well. Uh, then kind of moved along into the technology space and, and where I really have spent my time is in a lot of, um, startups or growing, uh, technology companies that have kind of passed the startup phase in which they have a unique technology and they need the ability to market that technology to the masses and, and typically, It's a company that, is really changing the game.It's really, really disruptive. So what I love to do and what I'm doing now at Sunbelt is we're taking a disruptive technology in the pay over time space. And what we're trying to do and what we're doing it successfully is gaining significant market share in many different vertical markets, including the one that I manage, which is, uh, the dental patient financing space.Michael: Okay, so break it down to me Sun Bit. I'm under the impression Sun Bit is a bank Jay: or no? No, we are, we are a technology company. So we have the, uh, technology that allows or enables folks to get approved at a very high level. the technology enables us to approve about 85% of all people that apply for financing.And, and if, I'm not sure how familiar or not you are with specific financing, but usually that number is in the 40% range, 35, 40% range. Particularly now in a, in a. Recessionary sort of environment, inflationary environment, it typically tops off at 30, 35%. We're more than double that. And a lot of it is really because of the technology that we use, a lot of ai, a lot of machine learning.Cuz at the end of the day, what we're really doing, it's basically a math problem, right? Because you go to a bank, when you're a small business, let's say, and you go for a loan, Most people get rejected for a loan, for, for many reasons, may maybe their, their overall credit isn't good. They haven't been in business that long because the bank doesn't wanna take a risk on you, right?Banks don't like taking risks. what we do is we're able, using our technology to provide folks all throughout the credit spectrum, you know, not so great credit. Mid-level credit, very high end credit. We're able to get all those folks the patient financing they need when they walk into that doctor office.And so we allow through the technology, more people to say yes to treatment. And that's ultimately what we're doing. We use, we have, uh, banks, that kind of administer the loans, but at the core, our focus is on the technology. Because it's really a technology problem, like, the ability to have someone who is, you know, a good person, but they may have subprime credit, Historically, those folks don't get credit, right? You go to to Target or Walmart or Nordstrom's or wherever. If you're subprime, you're not getting a credit card. When they ask you if you'd like to, you know, get a red card or get a Nordstrom card, right? What we're saying and what we're doing is we're enabling folks both at the low end of, of FCO and at the very high end, full spectrum.They can get the credit they need on the dental space as well as other verticals that we work with. And we're comfortable that we're going to get repaid and we do it in a fair and transparent way and cost effective for the patient or the customer. And you can only really do that. With like mathematical formulas, algorithms, ai, et cetera.This isn't, uh, you can't do it via spreadsheet like, like the banks do, and like some older, uh, patient financing companies that have been around for 30 years. Gotcha. Michael: Okay. So I know you wanted to show something, right? Like a demo? Sure. Real quick. Sure. Of course. Sure. The demo is for what? Like for the patient doing Jay: it?Right. So what we do, maybe I can explain it a little bit. So mm-hmm. What we do is we do point of sale financing. So let's say you, um, haven't been to the dentist in a few years. You go to the dentist, they give you a comprehensive oral exam, they say, Michael, thanks for coming in. Appreciate it. Here's a list of seven things our doctor, uh, the dentist thinks you need to get done.Right. And those seven things have. Each, you know, a treatment and a cost, right? And at the end it's like, let's say $4,000. And they say, well Michael, how would you like to pay for the $4,000? And you're like, holy cow, I didn't budget for that. I don't have $4,000 in my pocket. Cuz it doesn't matter whether you have great credit you, you make a lot of money in your job or you don't.No one budgets. For unexpected medical expenses, like you can't go on your personal Quicken and, and, and say, okay, 2024, I'm gonna budget $3,000 for dental. Doesn't work that way. So what happens is that patient generally either says no to the treatment that they need, or they do kind of like a partial kind of, you know, French menu sort of thing where they say, okay, I'm gonna grab maybe the cavities here.You know, I'll, I'll take this $500 treatment here. But the other $3,000 doesn't really hurt me so much today, so I'm gonna go home and then when it really hurts me, maybe I'll come back. Right. And that's dentistry for the last 50 years, What they call case acceptance. So the ability of, let's say you, you have those seven things and it costs $4,000 and let's say you're only able Michael to, um, pay for 400 of that.Well, your case acceptance is basically 10%, right? $400. Divided by the 4,000 that you should have, uh, that you was prescribed to you, right? Which is terrible, which means 90% of your needs are not met, right? Mm-hmm. And you're walking out the door and probably never coming back. So that's kind of historic dental.So what we do is the patient comes in, they get qualified very quickly, and we approve nearly nine out of 10 folks. Without doing any kind of hard credit check, we do a soft credit check and the process is very simple, very clean. we like to think that it's like an un refinancing sort of transaction.It's almost like buying a coffee at a Starbucks drive-through. We want the experience to be not the same experience you get at a bank or from some old time patient finance company that, you know, maybe may still do it on, on pen and paper. Okay? Mm-hmm. So, That's kind of the preface of, of what we do. and I can, I can show you the kind of the process, how it works, because it's very, very different than anything you've seen or folks in the dental market for the past 20, 30 years.They've generally never seen it, and they usually have a very positive reaction to it. Like, you know, where have you been all my life? And can we talk and, and, you know, use this at your, at your practice. Yeah. Michael: Could we see it? Could we see how it Absolutely. How it works and stuff. And so absolutely. For absolutely.Sure. Sure. Our listeners listening right now, if you want to go on the show notes below, you can watch the video version of it and we can see it right now. Sure. Jay: so right on my screen, you see iPad. Okay. And that's the iPad I have in my hand right now. Okay.So we provide this iPad. To every dental office, and it could be more than one iPad, just depends on how many people, what kind of patient flow you have. So the first thing the, office team does is they will select their name. Okay? So again, this is a demo. Michael, who do you wanna be today? Michael: Beyonce always.Jay: Excellent, excellent choice. Who? Who doesn't wanna be Beyonce after all? Come on. Yeah, you click on Beyonce, then you click scan card, then we take the driver's license. Right? And it doesn't matter which state it works in all states. On the back is a barcode, right? So you take that barcode and what I do is I just scan that baby right there automatically.What happens is, and again this is in real time, I'm not, you know, slowing it down, speeding it up, takes my home information. Patient types in their phone number and email. They continue and then you simply ask the patient, Hey patient, is this your updated info? They usually say yes. You click copy to form the patients a agrees to check their options. And just like that you've been approved for $6,100. This is the approval process. Wow. That's it. We're done. Okay? Mm-hmm. So now there's a ton of things that happen in the background, right? But that's invisible to the practice, invisible to the patient, right? And again, this kind of goes into how we're a technology and data company.So a couple things here. One, you were approved for 6,100, we're approving every single patient. With a FCO score of 500 or greater. So when you, when if in terms of F ICOs, 500 is a very, very low F ico, right? Mm-hmm. But we're able to approve them because of our unique and flexible model. If you approve from 500, it equates to typically 85 to 87% of all patients that apply. So going back to the dentist example, the the office example, you know that. Eight and a half outta 10 people that walk in the office have the ability to get qualified for finance and can get the treatment they need.So that case acceptance number I gave you before, whether it's 10, 20, 30, or 40%, it shoots up dramatically so they can actually walk out being happy because they're, you know, dental problems are solved. Okay. So the first thing, high approval, second thing, we never do a hard credit check. So in the us, typically when you are.you know, when I signed up for T-Mobile mm-hmm. They do a hard credit check, which impacts your credit. It's not fun. Right. We do a soft inquiry to get to this point. So all we do is, get basic information. It doesn't impact your credit score whatsoever, but the kicker is, even if you decide to move forward with the loan, we still do not do a hard credit check.So it has no impact. Your credit has no impact. If you apply or take the loan initially, which is again, very, very unique. And again, it kind of is because of our kind of technology backbone. And the last thing is we approve up to $20,000. So I'll just show you one more screen. Mm-hmm. So let's say for instance, your treatment plan is 2100 bucks.So you click 2100. And then what we have here is basically. A menu of options like, you know, burger King, have it your way. Other, partners of our, of ours call it the Cheesecake Factory Menu of options here, we usually have three to six options here, right? We highlight the one that's the most affordable.So, hey, patient, you don't have to pay $2,100 today. Again, sigh of relief, right? You can pay 48 months, 48 to over 48 months, 56 bucks. In this particular case, it's a dollar down payment. Again, eight APRs vary. It could be 0%, um, or higher. In this particular case, let's say it's 12.99, you see everything very clearly delineated.There's no tricks, there's no penalties. Uh, we don't do any kind of deferred interest. If you're familiar with that, maybe the patient wants 0%. We have 0% options too. And so the idea is, and they just kind of select what they want. They kind of go through, the process. Make sense. Go the z Michael: go to the zero present one real quick.Sure, no problem. Okay. Okay. Gotcha, gotcha, gotcha. So it, it all changes throughout the, you're not set with the percentage then? Jay: Correct. So the, the idea is, The patient gets to choose what's best for them, right? We don't wanna make a judgment call, right? We don't wanna be judgmental, period in life, right?We don't know what shoes the other person's sitting in, but particularly the dental office. I mean, you don't know whether somehow someone is dressed and, and we shouldn't be making that. Let's let the patient decide maybe they're comfortable with 121 bucks a month. But maybe they're not. Maybe $56 is more comfortable for them.We let them decide, and that's kind of the power of the solution. There's again, three to six unique offers that they're getting, and they choose what's best for them. That's kind of part of the secret. If you give a product that's customizable to the individual, They're gonna like it more, and oh, by the way, they're going to pay us back at a higher rate, right?Which lowers the defaults, which again allows us to loan to more people. here's something like I learned early on. So payday loans, right? Terrible, horrible, predatory, four, 500% terrible. Mm-hmm. Well, why? Why are they four or 500% It's not because the money costs four or 500%, right? I mean, you can get a loan from a bank now even with high interest rates.12%, 13%, right? But the reason is because maybe five out of 10 people don't pay it back. So the five that do pay it back are paying for the five that don't pay it back. So that's why the interest rate is high. But if you can create a product that's customizable down to the individual you have a greater amount of people that pay you back.It's kind of like a self-fulfilling thing. You can continue to loan to more and more people so that your approval rates continue to be higher and higher and higher and satisfy more patients. And that's been kind of our goal from day one. We want people to pay back. So we, have developed unique offers for every individual.Michael: Mm-hmm. Can they customize also the down payment due at Jay: checkout? Yeah. Yeah. So they can, for instance, you can, um, Let's look at here. Let's say they wanna lower the $56 a month. Let's say it's still too high. Mm-hmm. You would just go click here and say, okay, I wanna pay 500. What? What? I just wanna make sure remember the 56 30?Mm-hmm. So let's say they wanna make a $500 down payment, right? Because they wanna lower the monthly payments. You click update and then magically what happens? It's $42 a month. So totally customizable, and a lot of people do that, and we want them to do what's most comfortable for 'em. I don't wanna dictate what's best for them.I, I don't know what they want, but they know what they want. So let's give them the option. when you go to the Starbucks drive-through, do they tell you what coffee to get? No. You know, you can get 10 different variety, 20 different, uh, variations of a macchiato. That's why they're successful.Michael: Yeah. Interesting. Jay. Okay. so a couple questions I have when it comes to the technology, because you said this is new, right? Disruptive technology, nobody's doing it in the industry or, no, I mean, Jay: every, their, their patient financing has been around.For 25 years. but historically, even today, it's very much FICO driven. So if your FCO is 6 81, you get the credit you need. If it's 6 79, you get decline. It's like a straight number. Right? And there's companies that provide those numbers. There's. You know, uh, vantage, and there's various, you know, uh, Experian, TransUnion, et cetera, to provide the number.So most of the companies historically just do that. And there's not really any technology there, right? That's mainly how banks are like old school patient financing companies that have been around since like 1990. That's what they do. But, but think about this example. let's take you and I, today.Our FCO scores are six 50, right? Both of us, like it looks like we're the same, right? But what if a year ago, yours was 600 and mine was 700, Who's the greater risk? We're not the same. Six 50 is not the same. You're a much better risk than I am because you're on your way up, you're trending. And I'm on my way down.So our offers might be a bit different and they should be a bit different. We can't be treated the same. So we look at thousands of data points. It all basically, and we're not getting any kind of secret information. This is, we're doing a soft data inquiry, right? So we're getting kind of condensed data.and then we take that data and we use it to model basically we measure it against our, our AI model. And then it spits out the information. Okay, approve, not approve. If we're gonna approve them, how much are we gonna approve them for? What's the a p r? you know, then again, what's the e fee, if there's a down payment, et cetera.So it's that uniqueness that enables us to up with an offer that could be very different than someone else. So typically, a lot of the folks that we're approving people aren't touching with a 10 foot pole. Why? Because historically, if you're measuring things by fico, it's just not real accurate for installment loans of 18 months or 24 months.Mm-hmm. So we have confidence that we're gonna get paid back. And in terms of our, you know, numbers, people do pay us back, at great rates. So that's, I think, the difference. It's. Everyone is a bit different in the world. every American is different. When they apply for credit, they're different. And you have to have a product that takes that into consideration.We're not like just a score, right? We're, we're made up of, of thousands of different, you know, uniqueness characteristics, whether you're, I'm not talking about finance, but just in general, we're all different. Mm-hmm. So you need to have kind of a scoring system, a mathematical model that takes that into, into consideration.Michael: now when it comes to, when it comes to this, I know you mentioned soft data, our data pools mm-hmm. And what's behind the soft Jay: data pool? So basically how it works is.These credit agencies basically charge money, right? To companies that would like to pull your data. Of course, it's with your authorization. So I, I don't know if you remember on, on the iPad there's clear authorization that says you, you know, agree to having your, uh, credit soft pulled. So basically it's like a condensed credit file.Mm-hmm. Okay. So, If you get that condensed credit file, that soft inquiry, it doesn't have any impact on your credit score, If you get a hard credit check, which by the way, nearly all the patient finance companies use, why do they use it? Because it has much more granular data, And they basically take the granular data, they feed it into their kind of limited model and, and they say approve or not.Our technology takes the condensed, takes the more limited data, and then we feed it into our proprietary model, and it gets us to an answer that's satisfactory such that we don't need the hard credit check. And oh, by the way, hard credit checks are terrible. Like, like if you're, you know, if you're buying a house or an apartment.it hurts you, it's questionable in terms of how much and and how long it's, it hurts you on in terms of your report. Mm-hmm. But it clearly hurts your credit for a period of time. So we avoid that. We avoid the friction in the office staff because of that. And again, they're regular people, just like the folks that are walking in.They don't wanna offer a product or service that's going to hurt their patients. Right. That's just not human nature. So it reduces the friction. So when they use, um, you know, when they're working with us, you know, some that working with, you know, with the iPad, they can be comfortable that it's only a soft inquiry.And so that helps us get a lot more utilization than, than the company that they used before. You know, we got to their office. Yeah. Does that makes sense? Michael: Yeah, that makes a lot of sense. I know a lot of the times like. When, I remember when I was trying to build up my credit, like it was in the 600 s and I'm like, oh man, I, any little thing, hard inquiry.Oh yeah, you get outta there, right? Like, I didn't want that Jay: terrible Yeah. Kind of thing. Yeah. Like, I'm, I'm like, I'm like paranoid. Like I, I have, you know, um, those free credit services and I look on the report because you, you wanna check it like you, you, or if you're in the process of buying a house or whatever, or a car, you, you don't want your hard credit check.But even if you're not, like in general, there's really no reason like, When I, I was telling a story when I got to, when I moved to LA and I went to the T-Mobile store, they took down my information and before they even asked me what package I wanted, they were like, oh, we need your social security number cuz we need to do a hard credit check.And I'm like, why? Why do you do a hard credit check when you don't even know what, what I want? Like what if I want prepaid? Mm-hmm. Like, I'm gonna, I would maybe pay you the cash. Now, that's not what I wanted, but they're like, no, we have to do a hard check. It's like, no, well you really don't. Just that they don't have the technology in place to kind of determine the credit worthiness of that customer.And we do. So that's why, it's a soft inquiry and we're, I believe, the only company that does it throughout in terms of the app, the, uh, approval process. And then when they actually take the loan. Still, no, our credit check. Wow. Michael: Okay. So I never thought about that, Jay. I always thought it was like a people problem instead of a technology problem when it came to like being approved.Jay: It's not, it's, it's, it's, I'll tell you, it's like a co it's a complex math problem, right? It's like this guy who has a six 10 fico, let's say has a job she has a job, they have money in their checking account, But based on historical, credit worthiness standards, They are not getting any credit card whatsoever, right?Because it's been told by them that it's not happening. But we look at it very differently. Like if it's a $2,000 installment loan and it's over 24 months, the question is, does this person have a hundred dollars? And they're checking account every month cuz we're pulling out of their checking account.And the answer is generally yes, but it goes against. All the kind of the credit, decisioning that's been going on since like 1950. I mean, I brought something here, which kind of cool. So you're, you're from the West coast. This is a credit card application. There's a store called Gimbals based in, I believe, Philadelphia.Open in 1880, close in like 1987. This is actually, we kind of see it here. This is actually a credit card application from 1967. Pristine condition. Okay. Yeah. So what's interesting about it is if you look at the question that's kind of small, prince, I'll read, if you look at the questions, the same questions of what's your income, do you rent versus own?Are you married versus single? this is 1967. So what have credit card companies and patient financing companies done? All they've done, this is the same 1967 application. They've just digitized it. They're asking the same questions. I guarantee you, if you go to an office that has another patient financing solution or you go to Target or you go somewhere else, they're going to ask you married versus single.What's your income rent versus zone? These are questions literally 60 years old, and they're still asking, this is basically what you see today is digitized. So it's, there's like a lack of innovation that has taken place that actually hasn't taken place, right? And, and specifically patient financing in 30 years.Literally nothing. Literally nothing. And so what we're doing is we're focusing on the technology and solving the math problem. And helping a heck of a lot more people get approved and get the dentistry they need. And that's why we're growing so rapidly. Gotcha. Michael: So then I like that part where you light bulb, I mean like it, it opened my eyes.It's true. It, we just put it on a computer and now we're kind of like presenting people and we don't really see the need to change until you kind of showed us the demo. I have a question. True. When it comes to the risk on this, let's just say, okay, six 10, right, credit score, I'm gonna pay you back. And then we do the sun bit thing and then we're like, okay, boom, I'm gonna pay 58 something.He pays the first one, then he kind of skips on the second one, third one, oh no, it's starting to go down, right? It doesn't look good. Who runs the The risk there? Jay: So. we do non-recourse loans, which means we take full risk. let's say you're, you're, you're at the dental office and you do a, a $2,000, uh, transaction for, I dunno, bridge, crown, et cetera.Two days later, we send those funds to the office, then we sit back and we wait for the patient to pay Huss if they don't pay for whatever reason. That's my mistake. You guys are sitting on the money within two business days and we will never claw back those funds. So we, we are taking the risk.And as you can imagine, that being said, you know, we have a very heavy duty data analytics, you know, risk fraud, et cetera, group that manages this risk. And obviously there's a lot of, Techniques that we use in the process to kind of minimize this. But we also have a huge collection group. So we have a customer, uh, care center, 160 people in Las Vegas.Our employees, we manage it top to bottom and we call it like collections with kindness. So it's really, really important for us. To maintain those relationships because we have al also customers that are fixing their cars, uh, getting a new set of tires, new batteries, and those same cu customers are our dental customers as well.So there's a lot of, cross vertical, uh, customers. We have even more when you think about it. Remember, we're not, we're not financing powerboats, right? It's not like someone goes and says, I'm gonna buy a $30,000 powerboat and then I'm not gonna pay it. Right? These payments on average could be 70, 80, 90, a hundred bucks a month.So generally when that's the case, plus the process is good. It's very clear they, you know, we only work with, you know, great partners. they may be late by a day or two, so we'll call them up and say, Hey, what's going on Very nicely. And generally no one wants to ruin their credit for 70, 80, 90 bucks.Mm-hmm. A month. Now, if it's a $30,000 power boat, That's kind of a different calculus, right? You may want to say, I want the powerboat and I don't wanna pay for it. Right? And it kind says okay, kind of. I understand kind of the logic there. I don't agree with it, but I understand it. But in dentistry and auto and the other verticals we're in, typically it's, it's high frequency, lower dollar, monthly payments, and generally people are paying them uhhuh.Michael: That makes a lot of sense. So then, Into practice. Let's just say somebody's listening and they're like, oh, cool. Sun bit. Right? I'm gonna check 'em out. I'm gonna try it. But they already have like Care, credit, lending Club, Verity, right? All these other ones. Is this just another add-on? Like do we just add it on?Or what do you recommend? Do we take others? Would it even make sense to have other ones on anymore? Cause we have some bit. Jay: Yeah. It wouldn't because we, we like to say we are the waterfall because we're approving folks from 500. So every single patient that has a 500 FICO and higher. We're approving. So again, it's 85 to 87% generally.So that's higher than all those solutions combined. Right. Even if you kind of stack 'em up. Mm-hmm. Um, so when we go to an office, we believe, and I think it's been proven by, you know, we've got 9,000, uh, locations in dentistry that we believe we have the best. Financing product out there for patients, bar none.the process is better. The approvals are better. So if an office has multiple products, well, here's a question. I mean, if they have multiple products, why do they have multiple products? Right? It's like, it's the old saying, like, if you have two quarterbacks, you have no quarterbacks, right? They have, they have four products.Cause they had one, right? And then they had two didn't work, then they had three. It didn't work and they had four. They use us and generally they eliminate everything. that they typically use in the results are better because we're eliminating a lot of friction. The office staff loves the tool we have.we have a appreciation program for the offices as well. We have a Sun Beast program, which, you know, they can get, you know, uh, for just doing the regular course of their work. They can get, you know, gift cards, et cetera. Uh, we also do some fun stuff as well, but in, in general, we are the primary financing provider of all the offices that we're in.Michael: Gotcha. Sun Beast is the appreciation program. Correct, correct. Oh, okay. And that's with like the Jay: practices? Correct. So we have, right. So if you think about it, you know, we're, we, we've got right now 40, I, I wanna say 50,000 sun beasts because we have an application and, and then when we train an office, they download the application and then we, you know, send them cool things like they're just different promotions and things like that.They can learn that we have like a, you know, a sun bit tip of the week, things like that. We want to. Train appropriately so that the office team members are really, really comfortable. We also wanna make it fun. Like we don't wanna be, you know, the boring finance company. Like we wanna be the guys that are helping people doing it the right way, not charging any crazy fees or anything like that.We don't do any kind of, you know, deferred interest. we think we can be the good guys, be profitable, and, Help a lot of patients get the treatment that they need. Gotcha. Michael: What are the, what are Jay: the fees? So the fees in, in general, they're risk based. I won't go over like in detail, but in general, the fees are pretty much the same, very, very similar on a blended basis as what they're paying today.The difference is they're gonna get double the amount of approvals and. They're gonna have more people apply. So it's very common that they see our practices and our groups and our DSOs. We've got, you know, large groups, mid-size groups, single location groups. Um, it's very common that we see three x four x, five x, the amount of production with Sun Bit.Then whatever they're using today, because again, it's so easy in the high approvals, but the cost is basically about the same as what they're paying today. Michael: Gotcha. Yeah. And I noticed like it's never, that's never really the issue when it comes to like, uh, presenting or when it comes to accepting this, right?Like let's just say, yeah, I'll take some bit, right? Or I'll take another third party. What's the issue is more like the patient's accepting it, right? And the one barrier is like, oh my gosh, you're not approved. You can't, even if you wanted to accept that, you can't. Right. So that's a barrier lifted with some bit, both.In your experience, what's the best way we could present this to a patient? Jay: It's a great, that's a great question. That's a great question. It's something that we, we talk about quite a bit in our training. So what we like to say is, Have the iPad, do the talking, right?Show them the product, say, hey, you know, when you go through the treatment plan, you know, you do the comprehensive oral exam, you do the treatment plan, you're sitting down with the tc and the TC generally says, or the office manager says, Hey, You know, it's $2,500, but you don't have to pay everything today.Let me get you qualified. Takes 30 seconds. No hard credit check again. Cuz what happens is it's such a pressurized experience and it's happened to me too. Like even like prior, prior to Sunbelt, family member needed some significant dental work. It was like seven, $8,000. And you're like, you gasp. You're like, oh, man, that's like crazy, right?Mm-hmm. It's not cheap. It's, it's not getting cheaper. It's getting much more expensive. So what happens is the person goes with, you know, sits down with the tc, they hear that number. All of a sudden there's like a wall, right? There's a wall that's built. It's panic. You're, you don't know what to do on one hand, you need to get the work done.On the other hand, it's a crap load of money. And you're like, what do I do here? And you've stopped paying attention to whatever that other person is saying because all you're thinking about is the, the little thoughts in your head, like, how am I gonna pay for this, right? Mm-hmm. And again, it doesn't matter if you're making 300,000 a year, a hundred thousand a year, 50,000, it doesn't matter.It's a lot of money, right? No one budgets for this. So when the TC can put the patient at ease and say, Hey, I know this might be a, a large sum, but hey, you don't have to pay for everything Today. We have a patient financing solution that approves, 85, 80 7%, let me walk you through. It takes 30 seconds, no hard credit check.And then usually what happens is there's like a sigh of relief. The wall gets removed, there's a bit more openness, right? It's, it is very much like human psychology or, and it's, and that's what I've kind of, it's, it's very interesting and. The wall gets, uh, broken down and the patient is able to communicate clearly with the TC and the TC with the patient.And once they do, they show the demo or they show the the iPad. It's a very easy, simple, understandable process. And, and that's generally the best way to do it. just want to kind of let the iPad do the talking. Yeah, I like that. And present it. But you gotta, you gotta present it like it doesn't, we can't approve loans.If the iPad isn't presented right or if, yeah, you have to basically understand that hey, 40 to 50% of patients that walk in the door have less than a thousand dollars in their checking account, right? Mm-hmm. And if you wanna truly help patients, right? This is a huge impediment to case acceptance, right?Like money. So if you can help them, then help them with this. You can get them more treatment, which is I think, the goal of everyone that's working in the office. Including the, the Michael: dentist. Mm-hmm. Yeah. Yeah. It is the goal. I mean, but that's the thing we have to remember, like to present it right. Um, all the time to the patient.Yeah. But I like what you said, how, how it's human psychology. It's true. Even if get approved, cuz for example, let's just say you have the cash and you don't get approved. Sure. You, you're, you're in a negative flow now, right? You're like, of course. Of course. I didn't get approved. That's what I thought.You know what? I'll, I'll, let me talk, talk to my husband, my wife about it. You know what I mean? I'll get back to you, blah, blah, blah. But when you're approved and you're like, oh, I never get approved. I'm approved. Jay: Exactly. Wow. Look, Michael, I've seen people cry. Mm-hmm. Tears of joy when they get approved.I've seen it multiple times. I've gotten hugs before and like, it's, it's very weird. Like it's, it's, it's a beautiful thing, but it's very strange for it to happen because it's so infrequent. But you understand, We're not doing brain surgery here. Let me just put that out in front.But we are helping people with their oral health, which, which impacts the rest of their body, And if we can help people, Full spectrum of folks that normally can't get helped. It's amazing. And you're right there. There's two sets of what happens here. They get approved and they generally haven't gotten approved before.In some cases, they're super happy, but the alternative is in the past, when they get declined from other providers, they do not come back to the office. You know, it's like the Terminator when he says like, I'll be back. Yeah. He never comes back to the coffee shop at the end. And you remember he, he never comes back.Mm-hmm. Right. So it's, it's kind of a gr it's, it's really a gratifying thing that you wanna help these folks, and this is a great tool for case acceptance, you know, increasing the production of the office and helping patients get the treatment that they need. Michael: By any chance, Jay, do you have any like, stats on how this has improved, like any specific practices, you know what I mean?Of course. Jay: Yeah. I mean, we have, we have lots of case studies. I mean, we've, we've seen cases of, you know, ebitda, Significant ebitda, uh, improvements, significant production case acceptance. We've seen sometimes 30, 40%, uh, increases. significant. Um, because again, if you're offering something that approves nearly everyone, you're going to get great results, right?Because keep in mind, from the office perspective, if you offer and someone gets declined, just like the patient won't come back, the office staff. Won't offer it anymore. So that's what's typically happened. So there's, you know, there's, there, there, you know, a large competitor out there that's been around forever, but a lot of people don't use it because they have, been declined.You know, the office has declined folks, so they just stop offering it. But, so even though they've stopped offering it, that doesn't mean that the patients walking in the door don't have needs. Right. They of course have needs, you're just not offering it to them. Michael: Interesting, interesting. Okay, so Where can we reach out to you if we have any questions or concerns? Sure. Jay: So, um, the best way is, uh, sun.com, slash dental. can also email me. So I manage the dental practice at sun j y sun.com and happy to, help anyone that, whether it's, again, whether it's a single practice, you know, single practitioner, Multiunit group or large d s o we work with, um, all of them.again, we wanna help people. We wanna do it the right way. And, and really that's why we're, we're growing at the rate that, that we are. Michael: Nice. Awesome. So guys, that's all gonna be in the show notes below, so definitely reach out to Jay and Jay. Thank you for being with us.It's been a pleasure and we'll hear from you soon. Great. Thank you Jay: very much, Michael. Appreciate being on.‍‍

S&P 500 or SPX and the Nasdaq-100 indices are both trading around 52-week highs. Is the stock market today saying that the recession will not be as severe as people think? Michael Bapis states that long and variable lags in the Federal Reserve's most aggressive rate hike cycle in four decades have yet to fully ripple through the United States economy.

While we won't speculate on whether the U.S. economy is actually in a recession, we think it's important to discuss the practicality of retirement (or staying retired) given a relatively tough investing environment, rising interest rates, a falling stock market, and worldwide angst about Russia, China and other countries. We'll review some great articles as well as analyze our own day-to-day experiences. Then, Heidi will continue our dialogue on the details of the spousal Social Security benefit. And finally, Deann will have some interesting, eye-popping stats on the EV boom as an investment! We are passionate about discussing matters that impact you, so tune in and take control!

Today, we welcome our first returning guest, Mike Taravella, back on the show to teach us how to sustain our business during challenging economic times. Hop in as we cover practical tips for managing risk, debt, and assets, plus navigating the real estate industry in a market downturn like a pro. WHAT TO LISTEN FORThe value of having good property managersKey statistics about the commercial RE market and interest rates operators should know Impact of a recession on labor, rental markets, and rate hikesWhy it crucial to buy rate caps How to responsibly leverage debt?Practical ways to thrive during a real estate market downturnRESOURCES/LINKS MENTIONEDFrom Accounting Career To Multifamily Success with Mike Taravella: https://bit.ly/3HWhPf5 The Checklist Manifesto by Atul Gawande: https://amzn.to/3NRcWrt All-In with Chamath, Jason, Sacks & Friedberg: https://bit.ly/44FffEh ABOUT MIKE TARAVELLA Mike Travella has been full-time in commercial real estate for three years. He is an Asset Manager for a group with over $150M in Assets Under Management across Tennessee, Kentucky, and North Carolina. He has closed and invested over $45M in multifamily assets. He is also a licensed Certified Public Accountant in Michigan and graduated with his Bachelors and Masters in Accounting from Michigan State University.CONNECT WITH MIKEWebsite: Mike Travella: https://www.miketaravella.com/Instagram: @valueaddmike: https://www.instagram.com/valueaddmike/?hl=enTwitter: @valueaddmike: https://twitter.com/valueaddmikeYouTube: Value Add Mike: https://www.youtube.com/channel/UC2oWkotBta8A-DabTdwHcVwEmail: invest@valueaddmike.com CONNECT WITH USTo learn more about investment opportunities, join the Cityside Capital Investor Club.Follow us on Facebook: Cityside CapitalFollow us on Instagram: @citysidecapital_tim_lyonsConnect with us on LinkedIn: Tim LyonsConnect with us via Email: greg@citysidecap.com | tim@citysidecap.com

A recent survey reveals 93% of CEOs are preparing for a recession. When will it happen? And what will this recession look like?Dana Peterson, Chief Economist & Center Leader of Economy, Strategy & Finance at The Conference Board breaks it all down–including how leaders can quickly adapt to turbulent economic conditions, navigate expanding geopolitical forces, and leverage technology like AI to tackle labor challenges.Highlights:01:20 - Thoughts on the economy and what leaders should be thinking about 02:04 - Dana's background02:55 - Defining the Conference Board03:56 - Dana's perspective on employment trends06:13 - How will AI affect the workforce?08:10 - What are CEOs doing to prepare for a recession?10:28 - Is the recession here?13:38 - Recessionary fears; paper mache or iron?16:08 - Paranoia in the Federal Reserve?17:22 - How has Silicon Valley Bank affected business and banking?20:12 - Thoughts on the Silicon Valley spillover effect21:45 - The impact of geopolitical pressures25:54 - Impact on supply chain28:29 - Is the supply chain shifting to digital?30:40 - What does digital mean to you?32:00 - Final thoughts

In this episode Scott Becker discusses two key recessionary signals we are watching.

In this episode Scott Becker discusses two key recessionary signals we are watching.

Is Bed Bath & Beyond's bankruptcy a sign of trouble in the retail industry, or simply a case of mismanagement?Plus, the one key data point flashing a signal only see during – or right before – a recession.And with LVMH topping $500M in market cap, is it time to take profits or is a bigger luxury spending boom on the way?

This week, we have the pleasure of welcoming Gil Arbitsman, the Chief Financial Officer at UMortgage, to the Housing News podcast. For those of you that aren't familiar with the UMortgage, it's Anthony Casa's new mortgage origination shop — which Clayton got the chance to chat with Anthony about back in December of last year. Gil is also a 2023 HW Finance Leader Awardee. But this week, the conversation with Gil takes a different approach to look at a lot of the overlooked operational considerations of business development and marketing. Clayton and Gil talk about the financial considerations of growing, acquiring and recruiting in a tough market, really getting a glimpse into it from a top-notch finance leader who has a true focus on growth.Related to this episode:Connect with Gil on LinkedInUMortgageUMortgage to acquire brokerage firm NXT Former Guaranteed Rate SVP Ravi Patel and team join UMortgage - HousingWireHousingWire's Youtube ChannelEnjoy the episode!Gathering of Eagles will bring together the nation's top residential real estate CEOs, Presidents, and C-Level leadership teams to grow, network, and set the pace for what's next in our industry. 2023's Gathering of Eagles is at Omni Barton Creek Resort in the rolling hill country of Austin, Texas from June 18-21. Click here to learn more and register your spot!The Housing News podcast explores the most important topics happening in mortgage, real estate, and fintech. Each week a new mortgage or real estate executive joins the show to add perspective to the top stories crossing HousingWire's news desk. Hosted by Clayton Collins and produced by the HW Media team.

It's Episode 118 and inflation is coming down. We had the Consumer Price Index (CPI) and the Producer Price Index (PPI) come down more than expected last week. Meanwhile, the labor market remains hot. Our vantage point of a soft landing is becoming more real by the moment. Recessionary fears are continuing to dwindle as investors are starting to put money back in the market.

Jim Bianco joins Fox Business to discuss Recessionary Risks, the PPI Report & Bank Earnings Reports with Lauren Simonetti and Joe LaVorgna.

You can get a copy of my book for FREE here: https://go.rezahooda.com/sales-pageoiyfi8wu Click here to download

In three weeks, I will once again have the honor of running the Boston Marathon as a member of the gasping geezers division of the Dana-Farber Marathon Challenge team. A year ago, as I clambered up the Newton Hills, I resolved that, if I was ever fool enough to do this again, I'd lose a few pounds before attempting it. Admittedly, a few miles later, I made a sterner vow that I would never be fool enough to do this again, which made the first resolution seem irrelevant.

Tune in for a conversation with special guest Kevin Boylan of SCAPES.Connect with Joshua at:The WebsiteThe Facebook GroupDesign & Sales Master ClassesSubscribe to Outerspaces on your favorite podcasting platform and never miss an episode!

Last week, we discussed Capital Group's “Five Keys to Investing in 2023.” Unfortunately, we only got through the first two before we ran out of time, so Dennis will wrap up that discussion in the first part of today's show. A recent article in The Wall Street Journal reports that more Americans are tapping into their 401(k) savings due to economic and financial hardships. Since 2018, the government has loosened the rules for taking such withdrawals. But what qualifies as a hardship withdrawal? When, if ever, is it appropriate to make a withdrawal? We will answer these questions and more, and discuss the pros and cons of a 401(k) withdrawal versus a loan. Tax season is upon us, so Heidi will share some timely advice regarding “Seven Useful Facts about Tax Diversification and Retirement.” And Deann will highlight some thought-provoking stats that are sure to intrigue. We look forward to hearing from you (via call or text) live on WTCM AM 580 this morning from 10 to 11 a.m. (with a rebroadcast on Saturday from 9 to 10 a.m.). Tune in and take control!  

"Consumers have seen 22 months of negative real wage growth. Servicing household debt is surging while household savings have plummeted. 36% of U.S. adults owe more money in credit card debt than they have saved. 23% of their 401K values has been lost in the last calendar year. Consumer sentiment is still at its lowest point since 1980. This tells us that the markets are not acting aggressively to the Federal Reserve's interest rate hikes. Recessionary concerns will keep money on the sidelines as investors time their re-entry," says Randy Sevcik.

Tune in for a conversation with special guest Dr. Daniel Bai of CloseForChiro.Connect with Joshua at:The WebsiteThe Facebook GroupDesign & Sales Master ClassesSubscribe to Outerspaces on your favorite podcasting platform and never miss an episode!

Scott discusses what the increasing layoffs and reductions in force (RIFs) actually mean for our economy. He then gives insight on how to build economic stability through your investments, and ends with advice to a young professional dealing with a toxic work environment. Music: https://www.davidcuttermusic.com / @dcuttermusic Learn more about your ad choices. Visit podcastchoices.com/adchoices

Pirates of Finance - a weekly show by @JasonCBuck and @choffstein unearthing this week's buried treasure in the world of investing. This week, the duo dive deep into AI weightings, podcasting, Swashbuckling, Interviews vs Conversations, WFH, Cyclical vs Structural decision making plus maybe answer how many stocks you should own + much moarr 00:00 Intro 07:00 Pulling the Curtain back on Podcasting 15:00 Interviews vs Conversations 27:50 Bullwhip Effects 30:45 Recessionary impacts on WFH 47:15 The Industry of uncertainty ON OTHER PLATFORMS Twitter @FinancePirates https://twitter.com/FinancePirates TikTok @PiratesOfFinance https://www.tiktok.com/@piratesoffinance Download Our Podcasts https://pod.link/1613745847 FwM https://pod.link/1402620531 Mutiny https://pod.link/1475281033 INTRO MUSIC By taylorgalford.bandcamp.com THIS VIDEO IS FOR ENTERTAINMENT AND INFORMATIONAL PURPOSES ONLY AND SHOULD NOT BE RELIED UP AS A BASIS FOR INVESTMENT DECISIONS. THE VIEWS EXPRESSED IN THIS SHOW ARE OF THE HOSTS AND DO NOT REFLECT THE VIEWS OF THE MUTINY FUND OR NEWFOUND RESEARCH. THE MUTINY FUND OR NEWFOUND RESEARCH MAY MAINTAIN POSITIONS IN SECURITIES DISCUSSED IN THIS SHOW.

Ed Hill - SVP and GM for the EMEA – at Bazaarvoice, (a platform that helps build smarter shopper experiences across the entire customer journey) spoke about a few trending sales practices and tips; Key topics covered: What sales teams should do to thrive in a challenging market How salespeople can enhance their skillset and salestech knowledge to drive ROI Common B2B sales and salestech challenges

Lyn Alden and Michael Oliver are this week's guests. On December 11 Lyn published an extensive report to her paid subscribers titled “Defensive Assets Deep Dive Analysis.” In that report she provided her macroeconomic views as well and how the markets are likely to respond to them. She also addressed the impact of massive Zero Covid lockdown policies on Chinese and global markets and what an apparent reversal of those policies might mean on global commodity prices if, as expected, global economies stagnate in 2023. What are some of the investment sectors that Lyn thinks will help shelter wealth if we are heading into either the unlikely soft landing in 2023 or a sharp and fearful decline like that of 2008? Will owning gold help? What about cryptocurrencies? In light of the fraudulent FTX disaster and Lyn's recent address at Princeton University's DeCenter Inaugural Summit, we will ask her if some cryptocurrencies might be of help in protection in a financial storm. Michael will add his usual insights into key markets like the dollar, bonds, stocks, commodities, and precious metals. Your host may opine on his market views as well as a few of his favorite evolving world class gold and silver exploration stock picks as we look forward to 2023.

Chance Finucane, chief investment officer at Oxbow Advisors, joins Jack to discuss his investment outlook at this current point in the business cycle. Finucane argues that the U.S. is at the beginning of a multi-year economic slowdown that will see corporate earnings dwindle materially across many sectors, and that accordingly preservation of capital is top priority. Finucane and Farley discuss the housing and auto market, outlook on fixed-income and the Federal Reserve, as well as individual stock ideas. Filmed on November 21, 2022. -- Follow Jack Farley on Twitter https://rb.gy/uesguv Follow Forward Guidance on Twitter https://rb.gy/cy0dki Follow Blockworks on Twitter https://rb.gy/igyzsj -- This episode is sponsored by Curve. Curve is unlike any other credit card. It gives you the power to connect multiple credit and debit cards into one, convert your cashback into crypto rewards, Go Back in Time ®, create Smart Rules, and more. Apply now through https://link.curve.com/forward_guidance, you'll earn $20 in Curve Cash after your first transaction. So sign up today! Terms and conditions apply. -- Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://rb.gy/5weeyw Market commentary, charts, degen trade ideas, governance updates, token performance, can't-miss-tweets and more. Subscribe to the Blockworks Research “Daily Debrief” Newsletter: https://rb.gy/feusos -- Timestamps: (00:00) Introduction (00:26) Outlooks on Growth and Inflation (02:39) The Housing Market Recession (05:33) The Auto Market (08:05) General Investment Outlook (10:49) MegaCap Tech Stocks (13:19) Banks and Other Financial Stocks (14:15) Fixed-Income Outlook (16:49) Is Sentiment Too Bearish? (19:34) How Much Will Corporate Earnings Grow In 2023 (if at all)? (22:19) Curve Ad (23:21) How High Will The Fed Hike Interest Rates? (27:09) Municipal and Investment Grade Corporate Bonds (28:34) Even More Bearish Than Summer 2022 (33:16) Long-Duration Treasurys (34:41) Sectors and Individual Stocks (36:31) Will Companies Be Able to Pass Costs Onto Consumers In 2023? (42:56) Energy (44:32) About Oxbow -- Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

Oct 20 – Leading economic indicators continue to raise a red flag for the US economy entering recession. Today we discuss the latest data, including the Conference Board's US Leading Economic Index, the housing market, delinquency rates...

#MondayMacroView #inflationGermany #germaneconomy #RecessionGermanyIn this episode of Monday Macro View, Osama discusses some data points that highlight how recessionary fears are gaining ground. He talks about inflation in Germany that hit a 70 year high, sell off in bonds and stocks, and of course Market Sentiment Tracker that shows a clear tilt towards bearishness.Email us here at: info@pvmic.com for a free sample!Primary Vision Network is also offering access to our one-of-a-kind research portal via monthly and yearly subscriptions.Included in a monthly / yearly subscription:The National Frac Spread Count (updated weekly!)Oilfield Service analysis found nowhere else but here!Unique economic updates from across the globe!Bonus Company profiles, commentary and so much more!

Trade Show Solutions owner Bill Arland chats with Mike about 30+ years in the trade show industry and the changes over time, Don and Mike summarize the latest poll results regarding Recessionary times, and more. TheDonAndMikeShow.net and ExhibitCityNews.com

Pros, I'm starting a new series to update you on Gold, Silver, and the general markets. If you like it and want me to continue doing these weekly, make sure to like and comment. Gold Silver Pros Market Report for September 16, 2022 Cheers

For investors searching for income and stability amidst expectations of the Fed clocking another big rate hike this Wednesday, are there hidden places of value to be found within the galaxy of ETF"s or exchange traded funds? Michelle Martin and Tim Phillips, Head of Content & Investment Lead for ProsperUs, CGS-CIMB Securities discuss the possibilities.See omnystudio.com/listener for privacy information.

AJ Bruno, Founder and CEO at QuotaPath an end-to-end compensation solution for revenue teams joined in as a guest on the SalesStar Podcast to chat about the changing B2B sales marketplace and what will redefine the industry in the near future: Key topics covered: Trends surrounding the B2B sales market today Maintaining Sales ROI during a recession and through today's ''great resignation'' The future of B2B sales and salestech

The Apple iPhone 14 and Apple 14 Plus come with an emergency SOS via satellite feature. They will have an upgraded camera, improved 5G connectivity and ESIM with no sim tray for U.S. models. "Recessionary forces create significant headwinds for the Apple (AAPL) stock, especially in Europe and China. New products like the Apple Watch could move the needle on new users. I expect the iPhone upgrade cycle to widen, which could hit iPhone revenues by 20%. Don't bet against Apple (AAPL) because of its diversified business lines, strong cash flow, and massive balance sheet. If the AAPL stock gets pressure, they will buy back shares," says Greg Martin.

Josh Duitz, deputy head of global equities at Abrdn -- portfolio manager for Abrdn Global Infrastructure Income and two of the firm's dynamic dividend funds -- says that the macro drivers for infrastructure -- globalization, upgrades and repairs, urbanization and increased demand -- coupled with current inflationary pressures have created an environment that is solid for recession-resistant infrastructure stocks. Meanwhile, with rising interest rates pushing demand higher, dividend stocks have been outperforming as well, and are likely to continue to remain in the market's sweet spot until the economy rebounds and convinces the public that it wants to focus again on growth rather than looking at total return. Duitz says that among dividend plays, he is most interested right now in sectors that can raise revenue to keep pace or stay ahead of inflation, so that they are not squeezed by the macro picture, which means the most-fertile hunting grounds now tend to be among health care, real estate, materials, industrials, utilities and consumer-staples companies.

The economy is difficult to predict but if we have a downturn how will that affect your ESOP? This episode provides a good overview for both companies moving into ESOP and those existing ESOPs as it relates to working through potential issues of a downturn with seasoned expert ESOPs trustee and benefit plans - Michael Miller.

The sale of dairy products climbed 16% year over year in June, and oil prices drop to the lowest point in almost six months.

The sale of dairy products climbed 16% year over year in June, and oil prices drop to the lowest point in almost six months.

"If you look at the Wilshire 5000, they've lost more value… in the last three months than in the last 30 years of corrections combined. 45% of the companies in the S&P 500 have hit 52-week lows. Only one time in the history of America has the 235-year-old 10-year Treasury had a worse session. When you add up these indicators, 100% of the time, you're in a recession within 12 months.… but don't underestimate the strength that America has today." — Marin Katusa Even with high employment rates, we have a recession and inflation above what was expected. Here in the United States, it's no doubt we're witnessing a severe market decline. But my guest today, who is often called a genius by investors I respect, says, "there are problems everywhere globally, but as an investor, never underestimate the rule of law and the US to maintain a viable government." Marin Katusa of Katusa Research has spent the past 20 years traveling and investing in oil, gas, and alternative energy, becoming the go-to resource for the world's top natural resource entrepreneurs and investors. When you look at his track record, it's easy to see why. Marin is the New York Times Bestselling Author of The Colder War: How the Global Energy Trade Slipped from America's Grasp and the recently released Amazon Best Seller, The Rise of America: Remaking the World Order. Marin joins me on this episode of The Wiggin Sessions to discuss what happens in a recession, why the US dollar rises when other currencies go down, and why he thinks America will be leading the way in the remaking of the world order. Listen in as Marin shares his tips on the wrong way to invest and his insight into how to do your homework, reduce your risk, upgrade your portfolio, and make your fortune during this recessionary market. Plus, he shares his 'invest like an alligator' philosophy that can help you evolve and survive during a recession. Key Takeaways Marin shares the thesis of his book, The Rise of America: Remaking the World Order The #1 place to position yourself to take advantage of the strength of America The domino effect caused by the rate of exchange and the primary currency  The fundamental difference between investing in the American dream and investing anywhere else Why Marin keeps most of his investments in the US Why copper is the new oil Marin shares why the American can-do attitude always pays dividends in the long run Why Utah is primed to be the highest producing goldmine in the world Why adding technology to an existing market is the secret to getting a grand slam in the investment world Why the politically driven German energy crisis is critical for all of Europe The supply issue that's depleting the hope of nuclear energy Why Warren Buffett and the other most successful investors in the world buy in the echo Why it's vital to keep your dollars invested where "money is respected, and the rule of law is expected" Why Marin believes the newsletter "new idea" investment strategy is the worst way to invest Why, despite the media's lack of optimism, Marin still believes in the American dream Marin shares his 'invest like an alligator' philosophy to survive a recession.  Where Marin thinks you should bet big in the post-bubble rally Connect with Marin Katusa Katusa Research Connect with Addison Wiggin Consilience Financial Be sure to follow The Wiggin Sessions on your socials. You can find me on— Facebook @thewigginsessions Instagram @thewigginsessions Twitter @WigginSessions Resources The Colder War: How the Global Energy Trade Slipped from America's Grasp The Rise of America: Remaking the World Order The Psychology of Totalitarianism” by Mattias Desmet Justin Huhn—Options for Investors in Uranium and Nuclear Energy EP60 Share the Wiggin Sessions on Apple Podcasts

We are seeing a phony market surge to mask the release of recessionary data this week. Don't trust any of the hoopla. The economy is collapsing at an alarming pace, with negative GDP and record-low disposable income. We have around 50 days till the next Fed meeting, and we should anticipate some form of diversion or they will have to admit the economy is in trouble. Thanks for watching the Mike & Mario Show. Subscribe & click the

In this episode of Financial Revelations, David talks about the most recent Fed rate hike, the defining characteristics of a recession, and gives seven quick tips to recession proof your household.  Tune in each week to hear your favorite registered investment advisor speak on all things financial! From your walk with God to walking out a budget, this video podcast covers it all. So sit back, relax, and don't forget to send your questions!

Large banks' second-quarter results likely helped downplay recessionary fears but many investors will remain on the sidelines until it is clear that a severe recession is not on the horizon, according to Gerard Cassidy. In the episode, Cassidy, managing director and head of U.S. Bank Equity Strategy at RBC Capital Markets, discussed banks' second-quarter results, how institutions' deposit bases are reacting to rate hikes by the Federal Reserve, and what results suggest about the health of the US economy.

Along with their review of a positive week July 18-22 for the broad stock (1:21), fixed income (6:43) and commodities indexes (7:50), Jeff Mayberry and Samuel Lau look at a variety of indicators that appear to signal rising odds of a U.S. recession. They note that Treasury yield curve (4:10) has already been inverted at two-year versus 10-year tenors, a gauge favored by market operators. Turning to a spread followed by academics, Sam points out that the 3-month T-bill yield as of Friday was 22 basis points higher on the week, closing in on the yield of the 10-year Treasury note. Jeff thinks “we'll continue to see the three-month bill continue to climb in terms of rates, and that academic point will be inverted relatively soon.” In their review of the week's macro news (10:28), after noting a slight increase in jobless claims, they focus on Thursday's deteriorating Leading Economic Index, which fell 0.8% versus expectations of a 0.2% decline. With the LEI year-over-year change now at 1.4%, Mayberry notes the index is close to the sub-zero zone that, albeit subject to past false positives, is a recessionary signal (11:19). “If you couple that with the inverted yield curve, it certainly seems like a recession will be forthcoming.” In addition, the preliminary S&P Global Manufacturing PMI came in positive, but S&P Global Services PMI (12:15) came in at 47.0, down from 52.3. Sam Lau will be looking for the next ISM manufacturing and services PMI to see if those series confirm or diverge from the S&P Global Services PMI. The week of July 25-29 (14:58), the hosts note, will be a busy one with the Federal Open Market Committee meeting, where the FOMC is expected to raise the Federal Funds target rate by 75 basis points, and Jerome Powell's news conference on Wednesday; the first estimate of second quarter GDP due Thursday; and the Employment Cost Index on Friday.

Recessionary talks have ramped up in the last week, Phil begins by challenging recessionary headlines by diving into the economic data. There is no doubt that we are in the midst of a slower growth regime, however important data, like the manufacturing and services sectors numbers show that both areas of the economy remain in expansionary territory. Similarly, while markets have moved downwards, earnings estimates have moved higher. Another sign that the pillars of the economy and stock market are still holding up. Phil then dives into the possibility of having a bear market (which we are currently in) without a recession and how history has showed us that the year following a bear market typically rewards investors who continued to hold with strong  equity gains. At times economic growth diverges from stock market growth and that is, to an extent, what we are seeing now. 

In this episode Drew, Grant and Tim discuss credit card debt, the CFO survey on recession and what a recession in the US would look like. WealthVest – based in Bozeman, MT, and San Francisco, CA – is a financial services marketing and distribution firm specializing in fixed and fixed index annuities from many high-quality insurance companies. WealthVest provides the tools, resources, practice management support, and products that financial professionals need to provide their clients a predictable retirement that has their best interest in mind.Hosts: Drew Dokken, Grant CollinsAlbum Artwork: Sam YarboroughShow Editing and Production: Tavin DavisDisclosure: The information covered and posted represents the views and opinions of the hosts and does not necessarily represent the views or opinions of WealthVest. The mere appearance of Content on the Site does not constitute an endorsement by WealthVest. The Content has been made available for informational and educational purposes only. WealthVest does not make any representation or warranties with respect to the accuracy, applicability, fitness, or completeness of the Content.WealthVest does not warrant the performance, effectiveness or applicability of any sites listed or linked to in any Content. The content is not intended to be a substitute for professional investing advice. Always seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your investment planning. Investment and investing involves risk, including possible loss of principal. See acast.com/privacy for privacy and opt-out information.

Today, we shared our thoughts on 2020-2021's hottest ETF: ARK and our thoughts/observation about the impending "recession" ----- You can find us on Spotify, Apple, and google podcasts, and don't forget to follow us on Instagram at @SIMPInvesting. Disclaimer: Before we begin, we would like to put out a disclaimer. The information and content discussed do not constitute financial advice, and serve for educational or entertainment purposes only.

Retirement planning in a recessionary market

In this latest installment, Logan Mohtashami—Lead Analyst for HousingWire—joins me to discuss the historic rise of mortgage rates, the hysteria over a potential housing bubble, and the implications of the housing supply shortage. Be sure to check out the rest of Logan's work at the link below!https://www.housingwire.com/tag/logan-mohtashami/00:00 - Intro01:25 - Unpacking strong mortgage demand in the face of rising mortgage rates03:54  - Latest drop in mortgage applications: too soon to rush to judgement?06:01 - Comparisons to the 2000's bubbles: in-bounds or out-of-bounds?09:07 - Recessionary fears washing over participants in the housing market?11:54 - Putting common housing metrics in context13:47 - Effects of additional interest rate hike on the housing market16:49 - How do we address the housing supply shortgage?

Denise Chisholm, Director of Quantitative Market Strategy, joins us today. Inflation continues to be a major story, and Denise looks at both inflation and the connection to wages. U.S. CPI data is up from last month, and when the data was announced, markets slid and treasury yields spiked. Recessionary fears still loom, as we await the next move from the U.S. Federal Reserve. Today, Denise will unpack what investors should be focusing on, specifically looking at sectors and factors. Recorded on May 12, 2022. At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. For more information on Fidelity Mutual Funds and ETFs, visit www.fidelity.ca. FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2021 Environics' Advisor Digital Experience Study.

May 12 – FS Insider speaks with Alexander Ineichen at Ineichen Research and Management out of Zug, Switzerland to discuss his most recent report covering global consumer sentiment levels, high... Subscribe to our premium weekday podcasts: https://www.financialsense.com/subscribe

While recessionary fears have grown on the Street, S&P Global Ratings U.S. Chief Economist Beth Ann Bovino does not see a downturn developing this year. In the episode, the economist discussed her outlook for the U.S. economy and inflation, the possibility of a wage spiral and the Federal Reserve's plans to wind down its nearly $9 trillion balance sheet. She also discussed how the Fed likely will tighten monetary policy too much in their effort to get inflation under control and the likelihood of a recession occurring as the central bank tries to initiate a soft landing.

Look for near term wash out low, this would be the set up (monday gap down after rough week) Medium term: 3850 on S&P?

Inflationary fears turning into Recessionary. Elon seals the deal and take TWTR private.Are GE earnings a microcosm for the majority?Engineering the Trade has got you covered on these topics and more!

Our analysts look ahead to the collateral damage of the Russia-Ukraine war on ASEAN, and what Barisan Nasional's win in Johor means for Malaysian markets, adding views on favoured stocks. Tune it to the conversation to prepare for the week. 00:36 - Round-up - Suhaimi Ilias 07:14 - Economics, trade risks - Chua Hak Bin 12:57 - Forex impact - Saktiandi Supaat 18:19 - MY resilience - Chan Han Chin 21:33 - Early GE15 impact - Anand Pathmakanthan 24:20 - MY banks - Desmond Ch'ng 26:22 - MY aviation - Samuel Yin 29:08 - TH tourism - Yuwanee Prommaporn 30:41 - Plantation downgrade - Ong Chee Ting Producer: Noelle Lim

In this episode, I cover the skills gap facing the American workforce, the shifting narrative on the looming recession, and something from the lighter side. Is America running short of skilled labor: https://www.supplychainbrain.com/blogs/1-think-tank/post/33571-is-america-running-out-of-skilled-workers?oly_enc_id=4802A1436278G3X Four major skills gaps in the U.S. workforce: http://www.thestaffingstream.com/2014/05/05/four-major-skills-gaps-in-the-us-workforce/ Get rid of your caps lock and shift keys: https://redstate.com/alexparker/2021/09/12/down-with-capitalism-professor-pummels-oppression-by-shafting-the-shift-key-n441798 --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

In today’s episode, we’re sharing a section from the first session of Roland Frasier’s renowned Epic Challenge (You’re Welcome). So if you’re considering doing the Epic Challenge with Roland, or you want to hear what the buzz is about, this episode is perfect for you.  Roland shares WHY there’s such an enormous opportunity right now in Buying and Selling Businesses, or as he puts it, flipping Businesses.  Including,  1. The market conditions causing multiples to be low (great time to buy). “Most businesses sell for a multiple of either their profit or their revenue. And what happens is that the multiples that are used when you get into a recessionary time (like this) are lower. But historically every single time across every recession in history, (I believe there’s been 18 in the last 100 years in the United States), these multiples, they increase as the recessions pass”. Roland Frasier 2. The wave of Boomers retiring. “In the USA, 50 million baby boomers, according to the Insurance Retirement Institute, will be retiring over the next ten years. Twelve million of those own businesses. As a matter of fact, 4.5 million businesses in the United States alone, worth over $10 trillion, are going to be transitioning over the next ten years.” Roland Frasier 3. The availability of cash for purchasing businesses. “Should you decide that you want to get into this fun process of flipping companies (I flip companies like people flip houses, right?) There’s a lot of money that is sitting on the sidelines that’s available to buy companies that fit certain criteria”. Roland Frasier For full show notes, head over to our website at  https://businesslunchpodcast.com/, and be sure to sign up there for our podcast newsletter while you are there. What Is EPIC? You may have heard about Roland’s EPIC challenge, which he moved online when the Pandemic hit. It focuses on Ethical Profits In Times of Crisis and dives into no-money out-of-pocket business acquisition strategies. If you’re interested in finding out more about this strategy, go to https://businesslunchpodcast.com/epic. Listen to this show on Apple Podcasts or your preferred podcast platform, https://linktr.ee/firecircle. Who is Roland Frasier?  He’s referred to as ‘the smartest guy in the room’ with much respect and affection from fellow entrepreneurs. We want to share his insight and expertise with you on your own entrepreneurial journey. As the Co-founder or principal of 5 different Inc, Magazine’s fastest-growing companies (e-commerce, e-learning, SaaS + real estate), Roland is a serial entrepreneur who has built or sold over 30 businesses with adjusted sales ranging from $3 million to just under $4 billion. He’s a mentor and investor and an excellent podcaster too! Read more about Roland at https://www.rolandfrasier.com/.  To dig in further with Roland, sign up on our home page for our podcast newsletter, and hit subscribe/follow on Apple Podcasts. https://podcasts.apple.com/us/podcast/business-lunch/id1442654104?itsct=podcast_box&itscg=30200  Contact & Follow Roland On Facebook, https://www.facebook.com/rolandfrasier, On Instagram, https://www.instagram.com/rolandfrasier/ Through his Website, https://www.rolandfrasier.com/. Follow Business Lunch Podcast On Twitter, https://twitter.com/bizlunchpodcast On Instagram https://www.instagram.com/bizlunchpodcast/

Some economists and leading real estate investors are warning that 2021 could mark the beginning of a significant recession.  And, as with previous recessions, some savvy real estate investors are poised to acquire as many underpriced properties as possible.  In today's podcast, Bill shares how Seller Financing is an invaluable tool you should know to leverage your cash and create win-win scenarios for both buyers and sellers. For complete show notes go to http://olddawgsreinetwork.com/seller-financing-during-recessions/ IF YOU LIKED THIS PODCAST, we would love if you would go iTunes or Apple Podcasts and Subscribe, Rate & Review our podcast.  This will greatly help in sharing this podcast with others seeking to learn.

Dom Crawley reckons a recession, like the one we’re in, or an industry downturn is an opportunity to re-evaluate processes, examine your waste, and focus on providing the best value for clients. If you can maintain the discipline in the tough times, he says, you and your business will be in a better competitive position when things turn around. Despite a downturn in the building industry, Dom's concreting business BASECON has in fact grown – he explains how. Business Essentials Daily is produced by: SoundCartel soundcartel.com.au +61 3 9882 8333 See omnystudio.com/listener for privacy information.

The global shutdowns earlier this year and continued restrictions on movement have plunged much of the world into recession. The World Bank forecasts the global economy will shrink by 5.2% this year. This represents the deepest recession since the Second World War. As we operate through a difficult landscape for businesses, consumer behaviour is changing rapidly. Even for those that remain financially stable, the broader economic environment is making people feel more concerned about their financial circumstances. In this episode we explore what this will mean for brands and businesses moving through this period and how they will need to adapt.

With the economy working through a recession - though certainly a unique mix of crosswinds - we thought it would be good to get out of the software space. Scott Norton, co-founder and CEO of Sir Kensington's, joins the Razor's Edge to talk about what he's seeing in this macro environment, both as someone who started out in finance and as the CEO of the condiments maker. He shares insights from the company's founding in the last recession and what makes the modern consumer goods company different from the big brands (though the big brands can still win, he points out). And since this is the Razor's Edge, we still talk a little bit of SaaS. Topics Covered 3:00 minute mark – Sir Kensington's calling its shot, but also missing out on another big startup 11:00 – How did the last recession shape the firm, and Scott's career? 15:00 – The market's liquidity rush and does the bill ever come due? 21:30 –Past recessions and Japan as models to keep an eye on as we work through this period 30:00 – What does 2020 look like for Sir K both in terms of work from home and changing habits? 37:00 – The feedback loop for the modern consumer goods company 40:30 – Cross pollination in the Unilever family 43:00 – What this period means for habit dislocation 46:00 – Planning amidst uncertainty 51:00 – New software tools? A few links referenced in the conversation: Premium Pete interview with Scott: https://www.youtube.com/watch?v=Ds01YpbWfRE Healthyish's Toum Recipe: https://www.bonappetit.com/story/toum-recipe Sir Kensington's social media group: https://tastebuds.socialmedialink.com/members/sign_in#/  

With COVID-19 changing our daily behaviour, several rebalancing and trading opportunities have surfaced. Add in the six key economic indicator and commodity price movements this week - and there's plenty for investors to consider. In this week's wrap, Jessica covers:(1:59) Three stocks benefiting from the economic recovery(2:15) Recessionary outperformers slump: Avita Therapeutics down 15%(2:35) Where to consider increasing exposure to in light of the recent $2 billion jobs package(3:08) As OPEC eyes a production lift in August, the oil price braces for heightened volatility(3:26) Reading the new market: rebalancing ideas for your portfolio(4:24) Strategic trading ideas: Collins Foods (ASX:CKF), Coles (ASX:COL) and Super Retail Group (ASX:SUL)

Prof Jen Snowball

Tapping Your “Asset Toolbox” To Get Through Recessionary Times The post Chris Voss Podcast – Tapping Your “Asset Toolbox” To Get Through Recessionary Times appeared first on Chris Voss Official Website.

Tapping Your "Asset Toolbox" To Get Through Recessionary Times

US jobless claims signal economy is in recession, but stocks gain ~6%. Is this the beginning of a new uptrend, or just a bear market rally? In FX, dollar continues to sink as liquidity pressures ease, but yen stays in demand

Jeff Weniger, director of asset allocation at WisdomTree Asset Management, said that the economy was slowing globally before recent troubles and the likely temporary economic effects of coronavirus, and he expects the market to see through the slowdown being caused by the epidemic to avoid long-term trouble, but only after there is more pain market pain. Meanwhile, gas prices are falling, mortgage rates are falling and there are more conditions that will help the market and economy rebound. Also on the show, Ken Tumin of DepositAccounts.com discusses a survey about consumers' financial mistakes, Kyle Guske of New Constructs puts two stocks into the Danger Zone, and Mark Travis, manager of the Intrepid Funds, talks stocks in the Market Call.

Preparing for and thriving in a recession Pension scams cost Brits 4 billion a year and could be the next big financial scandal according to the Sun. Problems started a few years ago after the then Chancellor George Osborne changed the rules to allow savers to access 25% of their pension pots tax-free from the age of 55. Thousands of people have since been scammed out of their money or made poor investments and lost everything. In the past, we could not touch our pensions until age 60, but the rules have become more flexible leading to some people foolishly frittering away the money that would've otherwise bought a secure pension in an annuity for life during retirement.  We know that the average pension pot of someone in the 50s is around £70,000, indicating that there will be a major shortfall in pension savings for millions of people in 10-15 years’ time. An awful lot of people will be unable to retire and some could be homeless. In other news, the current Chancellor Philip Hammond said he will resign from the government if Boris Johnson is elected leader. Hammond is a known remainer and, along with fellow remainer MP’s, may attempt to block Brexit.  The Brexit saga could run and run leaving the country and the EU in a state of limbo or uncertainty thus deterring investment. A government thinktank recently warned that a no-deal Brexit could wipe 10% off UK property prices.   The United Kingdom has a recession around every 10 years and we are 10 years on from the last recession, so it doesn’t take a financial genius to work out that we are due for one in the next few years. However, it does take a genius to tell you exactly when the next recession will be! In my experience, recessions often come from almost out of the blue triggered by an unexpected event, such as the 1970s oil crisis or the 2008 financial meltdown. Currently, we have several possible causes of recession, including Brexit, the America-China trade war and increased tensions in the Gulf after Iran seized a British oil tanker. Recessions are just part of life and they come and go, so we all need to prepare for lean times as well as good, like the Joseph story in the Bible. Joseph prophesised 7 good years, followed by 7 lean years and famine and told the Pharaoh to store grain during the good years. How many governments have enough grain in the store?   You need to ensure you are not carrying too much consumer debt or even too much good debt on properties or business when the downturn hits. On the plus side, a downturn opens up opportunities to acquire assets at greatly discounted prices. For instance, if and when the stock market has a correction, or crash, there will be a number of good company’s shares on sale at below asset value. That will be the time to buy.  The same applies to property, even if you don’t have much cash.   Can You Acquire Property With No Money Down? Yes you can! Learn multiple no money down strategies by joining me at the “No Money Down Weekend” in London on 27 July. For more information, email me at charles@charleskelly.net    

In this week's Real Estate News Brief... how a recession would impact housing, what contractors say about the labor shortage, and the best settings for your air conditioner.   We begin with economic news from this past week.   The latest Case-Shiller report on home prices shows that prices rose at a slower pace in June. Prices in 17 of the cities in the 20-city index only rose a tiny bit. That left the 12-month reading at 2.1% which is down from a previous annual pace of 2.4%. According to MarketWatch, home prices were rising three times faster a year ago at 6.3%.   www.NewsForInvestors.com  

A.B. Stoddard joins Charlie Sykes to discuss the economy and 2020, the Democratic field, the Squad and Israel. Special Guest: A.B. Stoddard.

Brad Potter, Head of Australian Equities, says despite retail conditions being described as ‘recessionary’ in the NAB Survey, a number of discretionary retailers massively outperformed post their result. Which 3 stocks did he believe were the standouts?

Welcome to Damien's Midweek Markets. Each week Damien will be dissecting the market and providing you with his own unique take on what it may mean for you and your investments. Subscribe now for your weekly insight into the Global Investment Markets.  Remember, you can also watch Damien deliver his weekly insights on our Youtube channel Contact Damien - via email damien@moneytothemasses.com or via Twitter @money2themasses

Pension scams cost Brits 4 billion a year and could be the next big financial scandal according to the Sun. Problems started a few years ago after the then Chancellor George Osborne changed the rules to allow savers to access 25% of their pension pots tax-free from the age of 55. Thousands of people have since been scammed out of their money or made poor investments and lost everything. In the past, we could not touch our pensions until age 60, but the rules have become more flexible leading to some people foolishly frittering away the money that would've otherwise bought a secure pension in an annuity for life during retirement. We know that the average pension pot of someone in the 50s is around £70,000, indicating that there will be a major shortfall in pension savings for millions of people in 10-15 years’ time. An awful lot of people will be unable to retire and some could be homeless. In other news, the current Chancellor Philip Hammond said he will resign from the government if Boris Johnson is elected leader. Hammond is a known remainer and, along with fellow remainer MP’s, may attempt to block Brexit. The Brexit saga could run and run leaving the country and the EU in a state of limbo or uncertainty thus deterring investment. A government thinktank recently warned that a no-deal Brexit could wipe 10% off UK property prices. The United Kingdom has a recession around every 10 years and we are 10 years on from the last recession, so it doesn’t take a financial genius to work out that we are due for one in the next few years. However, it does take a genius to tell you exactly when the next recession will be! In my experience, recessions often come from almost out of the blue triggered by an unexpected event, such as the 1970s oil crisis or the 2008 financial meltdown. Currently, we have several possible causes of recession, including Brexit, the America-China trade war and increased tensions in the Gulf after Iran seized a British oil tanker. Recessions are just part of life and they come and go, so we all need to prepare for lean times as well as good, like the Joseph story in the Bible. Joseph prophesised 7 good years, followed by 7 lean years and famine and told the Pharaoh to store grain during the good years. How many governments have enough grain in the store? You need to ensure you are not carrying too much consumer debt or even too much good debt on properties or business when the downturn hits. On the plus side, a downturn opens up opportunities to acquire assets at greatly discounted prices. For instance, if and when the stock market has a correction, or crash, there will be a number of good company’s shares on sale at below asset value. That will be the time to buy. The same applies to property, even if you don’t have much cash. Can You Acquire Property With No Money Down? Yes you can! Learn multiple no money down strategies by joining me at the “No Money Down Weekend” in London on 27 July. For more information, email me at charles@charleskelly.net

Markus Schomer, chief economist at Pinebridge Investments, said that while job growth and economic activity are slowing, the anticipated interest rate cuts should reboot business activity and leave the economy at an equilibrium point it can maintain through 2020. Buck Klintworth of Chase Investment Counsel -- while discussing technical analysis rather than the economy -- came to a similar conclusion, noting that while the market is currently 'ahead of itself' and could be due for a short-term setback, declines will be buying opportunities from now through most of the election year, suggesting that investors ignore the noise and instead see the market's potential. Also on the show, Bruce Bond of Innovator ETFs discusses defined-outcome investing, which effectively crosses indexed-annuity products with exchange-traded funds, and Judith Ward of T. Rowe Price discusses a recent survey showing how far behind Baby Boomer women are compared to men when it comes to retirement savings.

Kristina Hooper, global market strategist for Invesco, said that while she does think the market is facing potential troubles as the economy slows down, she does not anticipate either a recession or a bear market now, just because the market has pulled away from recent highs. Also on the show, Benjamin Bailey of the Praxis Impact Bond Fund said investors should not be stretching for yield right now and should be as defensive in their fixed-income portfolio as they are being with equities. Author Jean Chatzky discusses her book, 'Women With Money,' which used conversations about money and investing to help tackle the issues that stand between individuals and financial success, and John Busby of BroadbanNOW talked about a survey showing that summer is the best time to change Internet service and save.

Recessionary fears have subsided and all signs are that the global economy has stabilized, albeit at a less-than-desired growth rate. But risks abound – tariffs on Chinese goods that could trigger a trade war, Brexit negotiations, rising oil prices and a possible Fed rate hike.

Mahogany Fitt joins the cast and we talk setting our STR business and other businesses up for success during Recessionary times, easily getting your own STR website up and running and is it worth it to upgrade your Airbnb if a ban could happen at any moment? All this and sooooo much more LIVE LET THRIVE Y'ALL!!! Hollar at Steve and Myka! www.liveletthrive.com liveletthrive@gmail.com 469-530-0239 (KEEP THE QUESTIONS COMING!) IG: @liveletthrive FB: https://www.facebook.com/LiveLetThrive/ Join our Fan Group: https://www.facebook.com/groups/18642... Rent Steve's Dallas Condo! Mention LLT and get 15% off! https://www.airbnb.com/rooms/44686852?check_in=2020-09-22&check_out=2020-09-23&s=67&unique_share_id=d71c9932-5a34-4b59-a3d8-51cfe3287157 cell: 817-566-4777 (send me a shout!) Myka's Info: FB: https://www.facebook.com/myka.a.artis IG: @sharebednbreakfast IG: @mykaartis Airbnb listings: sharebnblistings.com littlerockairbnb.com jacksonville-airbnb.com Myka's Consulting: Clarity.fm/sharebnb Mahogany Fitt's info: www.facebook.com/Mahoganyfitt/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Mahogany Fitt joins the cast and we talk setting our STR business and other businesses up for success during Recessionary times, easily getting your own STR website up and running and is it worth it to upgrade your Airbnb if a ban could happen at any moment? All this and sooooo much more LIVE LET THRIVE Y'ALL!!! Hollar at Steve and Myka! www.liveletthrive.com liveletthrive@gmail.com 469-300-9100 (KEEP THE QUESTIONS COMING!) Androiders: www.stitcher.com/podcast/live-let-thrive Myka's Info: sharebnb.guestybookings.com/ Myka's Consulting: sharebnb.com/timeshare-arbitrage-consulting-2/ sharebnb.com/airbnb-str-consulting/ www.airbnb.com/users/show/100605868 Steve's Listing & info: www.SLfamilyRentals.com www.airbnb.com/users/show/2547920 www.facebook.com/stevenche (ADD ME!) cell: 817-566-4777 (send me a shout!) Steve and Lupita on Island Life HGTV!!! www.hgtv.com/shows/island-life/…south-padre-island Mahogony Fitt's info: https://www.facebook.com/Mahoganyfitt/

Lesson 18 – More on Inflationary and Recessionary Gaps (Chapter 8)

Everyone wants to know when the next recession is coming. Are there some signals to be on the look out for? NC State University economist lists a few examples of what to watch for.

June_8th_2011.mp3 Copper-tone    The World is watching for signs of economic growth as stimulus packages have succeeded in doubling stock prices but have had little impact on unemployment levels.   Copper, High Grade COMEX (Click For Larger Picture) Economic recovery or double dip? Is more stimulus spending required? Concerns of slow global growth permeate every newscast. What indicator should we watch to gage the economy of the future? Recessionary fears are affecting communities globally and many are wondering if the situation is getting worse or if there is some improvement underway. Many gage the U.S. dollar value or bond yield levels but both these indicators have been influenced by massive deficit spending plans globally. Gold is an indicator of fear and uncertainty not of economic activity. Historically copper prices have been a more accurate indicator of economic activity. Copper prices soared in 2009 rising 262%, in 2010 copper rose 32%, to date in 2011 copper is down 8% but still up over 300% from recession lows. Economic activity is evident and prices are stabilizing allowing some certainty in forward planning and employment. Key levels to are 464.95 on the upside and 384.75 on the downside, currently copper is 409.10. China's investments in fixed urban assets such as railways and housing has slowed from past soaring levels. Most copper is used by builders for plumbing and wiring, engines, electronic equipment and has found equilibrium in steady demand. There are many opportunities to make money but it requires action on your part, each stock selected must show risk/reward of at least 2:1. Make the call - let me provide you with a unique perspective on your investments through a no-obligation consultation. Contact me by filling out the 'Unique Perspective' form on the Contact page, or by calling at 1-204-982-0633. Before trading, please contact an investment professional.

In this CareerMoxie Interview, Tiffany Crenshaw will speak with Dr.Bruce Herwitz from HSStaffing (http://www.hsstaffing.com/). Learn how to make the best of a recession professionally, while staying employeed.

In this CareerMoxie Interview, Tiffany Crenshaw will speak with Dr.Bruce Herwitz from HSStaffing (http://www.hsstaffing.com/). Learn how to make the best of a recession professionally, while staying employeed.

September_8th_2010.mp3 Copper - A Leading Indicator    Double dip? Recession concerns? Economic recovery? More stimulus spending required? Concerns of global recession permeate every newscast. What indicator should we watch to gauge the economy of the future?   Copper (click for larger picture) Recessionary fears are affecting communities globally and many are wondering if the situation is getting worse or if there is some improvement underway. Many gauge the U.S. dollar value or bond yield levels but both these indicators are being influenced by massive deficit spending plans globally. Gold is an indicator of fear and uncertainty not of economic activity. Historically copper prices have been a more accurate indicator of economic activity. Copper prices peaked at $4.26 a pound on, May 10th 2008 and dropped to a low of $1.25 by the end of 2008. Since that time we have seen Copper prices triple to $3.68 on April 17th 2010. China's investments in fixed urban assets such as railways and housing rose over 30% in the last year. Most copper is used by builders for plumbing and wiring, engines, electronic equipment etc.  There are many opportunities to make money but it requires action on your part, each stock selected must show risk/reward of at least 2:1. Make the call - let me provide you with a unique perspective on your investments through a no-obligation consultation. Contact me by filling out the 'Unique Perspective' form on the Contact page, or by calling at 1-204-982-0633. Before trading, please contact an investment professional.  

Why is Hollywood in love with tried-and-true sequels and established franchises rather than producing original scripts? According to Wharton faculty the industry's embrace of the sequel is an attempt to minimize its risk during an uncertain time when the motion picture business finds its usual sources of funding and revenues under pressure from the recession. ”If studio [executives] launch a movie where ... the merchandizing channels already exist they are less likely to walk into a big box office disaster which could bury them financially when they can least afford it ” says one expert. See acast.com/privacy for privacy and opt-out information.

Are you losing steam in your green job search as the economy slows down? Listen to this week's tip to learn how motivation pays off.

If you're trying to sell a 1960s automobile in the next century, you have a very limited market. The same goes for firms trying to sell services which haven't adjusted to the realities of the current recession. Listen as Paul Collins, managing partner of Equiteq LLP, explains how to build a value proposition that sells in a recession, drawing from his vast experience helping consultancy owners improve their profit performance and realize equity value in their businesses.

In the cause of research for a novel, Lucy Kellaway explores the world of internet adultery, and finds that, as the market for banking jobs goes cold, the market for adultery is getting hotter. See acast.com/privacy for privacy and opt-out information.

Dafydd Rogers of Daffyd Rogers and David Pugh Ltd discusses investing in theatre. And Michael Hampton interviews Dominic and Terence Frisby about their project Kisses On A Postcard. Kisses On A Postcard Website. Kisses On A Postcard Brochure.

Dafydd Rogers of Daffyd Rogers and David Pugh Ltd discusses investing in theatre.And Michael Hampton interviews Dominic and Terence Frisby about their project Kisses On A Postcard.Kisses On A Postcard Website. Kisses On A Postcard Brochure.Moneyweek Article On Investing In Theatre See acast.com/privacy for privacy and opt-out information. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit frisby.substack.com/subscribe