Podcasts about treasurys

On May 16, after the market closed, Moody's became the third major credit rating agency to downgrade the U.S. government's debt rating. The cut comes at a time when global confidence in U.S. debt is wavering, and Congress is debating a tax bill that could further increase the national debt. We examine what this downgrade means and whether it reflects actual investment risk.Original Air Date: May 24, 2025Read the Article: https://www.henssler.com/safer-on-paper-is-microsoft-safer-than-uncle-sam  

Did you know that the median retail investor spends only six minutes researching a stock before buying it? Most of that time is spent staring at a price chart—often just the current day's movement. Nick compares the limited “research” many individual investors conduct to the extensive analysis performed by Henssler's research analysts.K.C. then takes a closer look at the “One Big Beautiful Bill” that passed the House of Representatives just hours before we recorded. We discuss the revised State and Local Tax (SALT) deduction cap, the increased Child Tax Credit, and the proposed tax break on tip income. While the bill's fate in the Senate remains uncertain, it appears that many of Trump's 2017 tax cuts may be extended.Last Friday, after the market closed, Moody's became the third major credit rating agency to downgrade the U.S. government's debt rating. The cut comes at a time when global confidence in U.S. debt is wavering, and Congress is debating a tax bill that could further increase the national debt. We examine what this downgrade means and whether it reflects actual investment risk.After the break, D.J. breaks down Health Savings Accounts (HSAs) and explains why they're one of the most powerful tools for saving money—thanks to their unique triple tax benefit. While many people use HSAs to pay for health-care expenses as they arise, there are compelling advantages to covering those costs from other funds and allowing the HSA to accumulate, benefiting from tax-deferred growth over time.Join hosts Nick Antonucci, CVA, CEPA, Director of Research, and Managing Associates K.C. Smith, CFP®, CEPA, and D.J. Barker, CWS®, and Kelly-Lynne Scalice, a seasoned communicator and host, on Henssler Money Talks as they explore key financial strategies to help investors navigate market uncertainty.Henssler Money Talks — May 24, 2025  |  Season 39, Episode 21Timestamps and Chapters4:38: Impulse Investors26:31: House Approves One Big Beautiful Bill33:06: Moody's Downgrade39:50: Economic News45:37: HSAs: Triple Tax BenefitFollow Henssler:  Facebook: https://www.facebook.com/HensslerFinancial/ YouTube:  https://www.youtube.com/c/HensslerFinancial LinkedIn: https://www.linkedin.com/company/henssler-financial/ Instagram: https://www.instagram.com/hensslerfinancial/ TikTok: https://www.tiktok.com/@hensslerfinancial?lang=en X: https://www.x.com/hensslergroup  “Henssler Money Talks” is brought to you by Henssler Financial. Sign up for the Money Talks Newsletter: https://www.henssler.com/newsletters/ 

MRKT Matrix - Monday, May 19th S&P 500 is flat as investors shake off Moody's downgrade (CNBC) Mortgage rates cross back over 7% after U.S. credit downgrade (CNBC) Ray Dalio says the risk to U.S. Treasurys is even greater than what Moody's is saying (CNBC) BlackRock's Rick Rieder says this is the ‘sweet spot' in bonds right now (CNBC) Morgan Stanley's Wilson Says Buy US Stock Dips After Moody's Cut (Bloomberg) Fed Officials Signal Rates Likely to Stay on Hold Until at Least September (Bloomberg) Trump Tax Bill Advances After GOP Deal for Faster Medicaid Cuts (Bloomberg) Jamie Dimon's Would-Be Successors Audition for the Top Job at JPMorgan (WSJ) Nvidia announces new tech to keep it at the center of AI development (CNBC) --- Subscribe to our newsletter: ⁠https://riskreversalmedia.beehiiv.com/subscribe⁠ MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs

BlackRock & China are driving the Bitcoin bull run as U.S. Treasurys get dumped! With BTC hitting $94K and institutions flooding in. We break down what it means for the bitcoin and altcoin market. ➡️ Unlock 13,000 USDT Trading Rewards! https://www.lbank.com/activity/futurestournament/DiscoverCrypto?icode=4M7MZ ➡️  Arculus - https://www.getarculus.com/products/arculus-cold-storage-wallet ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ➡️ Follow on X - https://x.com/DiscoCryptoLive ➡️  Join Telegram - https://t.me/+vS5uDtG57XpjNDA1 ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person's opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice. Our videos are sponsored & include affiliate content. Digital Assets are highly volatile and carry a considerable amount of risk. Only use exchanges for trading digital assets. We never keep our entire portfolio on an exchange. #bitcoin #crypto

P.M. Edition for April 21. U.S. markets were on edge about President Trump's tariff war as well as his threats to fire Federal Reserve chief Jerome Powell. Stocks fell, the dollar hit fresh multiyear lows against major currencies, and yields on longer-term Treasurys rose. Plus, U.S. megabanks are built for business from all corners of the globe. Heard on the Street columnist Telis Demos says that will become tougher in a deglobalized world. And cryptocurrency is pushing deeper into the banking system; banking reporter Gina Heeb has the scoop on the crypto firms planning to apply for bank charters or licenses. Pierre Bienaimé hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Are there hidden market patterns that signal massive economic change? A weak dollar and rising yield on the ten year treasuries sent Wall Street into panic mode over fears that Trump was torching the global economy with his tariff wars. Since 1945 the U.S. dollar has been the bedrock of the global economy. Trump’s reckless behavior has allies and enemies alike wondering if this is the end of U.S. hegemony in the world. Last week when the dollar and ten year treasury yield briefly split, the global bond market suddenly came into focus and was on everyone’s radar. This episode boils down the jargon to explain what’s going on and why everyone freaked out. Ultimately, while we may not tear down the global order, there’s no question that we won’t restore faith in the U.S. Dollar and economy until Trump is out of office. Access the episode Show Notes. Resources Compound Real Estate Bonds: Bond Vigilantes: Definition, Role & Impact on Markets EWA: The Relationship Between US Dollar Index and US 10 Year Treasury Bond Investopedia: Bonds: Treasury Yields and Interest Rates CNBC: Investors are growing concerned about a U.S. asset exodus as Treasurys and the dollar decline Privalgo: The relationship between bond yields and currencies ScienceDirect: International capital flows and U.S. interest rates St. Louis Fed: Nominal Broad U.S. Dollar Index (DTWEXBGS) St. Louis Fed: Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity, Quoted on an Investment Basis (DGS10) Darden Report Online: What the Sell-Off in Treasuries Means for Your Mortgage The Washington Post: Fact Check: Has Trump declared bankruptcy four or six times? -- If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: unftr.com/rate and follow us on Facebook, Bluesky, TikTok and Instagram at @UNFTRpod. Visit us online at unftr.com. Join our Discord at unftr.com/discord. Become a member at unftr.com/memberships. Buy yourself some Unf*cking Coffee at shop.unftr.com. Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations. Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibility. Unf*cking the Republic is produced by 99 and engineered by Manny Faces Media (mannyfacesmedia.com). Original music is by Tom McGovern (tommcgovern.com). The show is hosted by Max and distributed by 99.Support the show: https://www.buymeacoffee.com/unftrSee omnystudio.com/listener for privacy information.

On WSJ's Take On the Week, co-hosts Gunjan Banerji and Telis Demos talk about the markets' reaction to the latest developments in President Trump's tariffs policies. They talk about the “buy the dip” trade and weigh in on “the stock market isn't the economy” debate. The hosts also discuss what's going on with Treasurys. Later on the show, Kris Kraus, a managing director and portfolio manager at one of the world's largest bond managers, Pimco, joins the podcast to give us a pulse check on the health of consumers, including their debt, from mortgages to auto loans. He shares what we should—and shouldn't—be worried about as tariffs start to hit our pocketbooks and portfolios. Kraus also talks about what he'll be looking out for in upcoming earnings from credit card companies, like American Express and Capital One, for clues on where consumers are headed. This is WSJ's Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street's banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We'd love to hear from you. Email the show at takeontheweek@wsj.com.  To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com  Further Reading To read more from co-host Gunjan Banerji, catch up on When Does a Market Dive Hit the Rest of the Economy? and Market Rout Shatters Long-Held Beliefs on Investing  Live Q&A: What's Happening With the Markets?—Our Reporters Answered Your Questions  Trump U-Turn Halts the ‘Sell Everything American' Trade, but the Fallout Remains  For more coverage of the markets and your investments, head to WSJ.com, WSJ's Heard on The Street Column, and WSJ's Live Markets blog.   Sign up for the WSJ's free Markets A.M. newsletter.  

Amid this week's tariff turmoil, U.S. stocks tumbled, U.S. Treasurys sold off, and the U.S. dollar weakened. Kai explains what this triple sell-off could mean for the future of the American economy. And, is the era of cheap stuff in America over? Donald Trump administration officials are arguing it's a good thing. We'll get into it. Plus, we'll weigh in on penguin memes and using public phones during a round of Half Full/Half Empty. Here's everything we talked about today:"Treasury Secretary Bessent says the American dream is not about 'access to cheap goods'" from CNBC"Cheap Consumer Goods Are the American Dream, Actually" from Bloomberg"The Trump administration says cheap goods aren't part of the American dream. They're wrong." from Vox"The bond market is acting weird. It spooked Trump" from CNN Business"After Trump's Tariffs, Stocks Plunged but Penguin Memes Ticked Up" from The New York Times"More students opt for certificates as undergraduate degree earners decline" from Marketplace"A Frenzy at Trader Joe's: ‘Everyone's Here for the Tote Bags'" from The New York Times"The Masters offers public phones as alternatives to cellphones. Here's what attendees think" from Fast CompanyGot a question for our hosts? Email makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

Amid this week's tariff turmoil, U.S. stocks tumbled, U.S. Treasurys sold off, and the U.S. dollar weakened. Kai explains what this triple sell-off could mean for the future of the American economy. And, is the era of cheap stuff in America over? Donald Trump administration officials are arguing it's a good thing. We'll get into it. Plus, we'll weigh in on penguin memes and using public phones during a round of Half Full/Half Empty. Here's everything we talked about today:"Treasury Secretary Bessent says the American dream is not about 'access to cheap goods'" from CNBC"Cheap Consumer Goods Are the American Dream, Actually" from Bloomberg"The Trump administration says cheap goods aren't part of the American dream. They're wrong." from Vox"The bond market is acting weird. It spooked Trump" from CNN Business"After Trump's Tariffs, Stocks Plunged but Penguin Memes Ticked Up" from The New York Times"More students opt for certificates as undergraduate degree earners decline" from Marketplace"A Frenzy at Trader Joe's: ‘Everyone's Here for the Tote Bags'" from The New York Times"The Masters offers public phones as alternatives to cellphones. Here's what attendees think" from Fast CompanyGot a question for our hosts? Email makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

A.M. Edition for April 9. As U.S. tariffs targeting nearly 100 nations take effect, WSJ reporters Jason Douglas and Kim Mackrael explain how America's trade partners are responding to the levies, including a 104% tariff on China. Plus, markets reporter Chelsey Dulaney breaks down an intensifying selloff in usual safe haven U.S. Treasurys. And President Trump vows to bring back the declining U.S. coal industry. Luke Vargas hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode: Pay attention to surging bond yields [2:52] One simple thing could end this market meltdown [6:51] I eat some humble pie on a recent small cap trade [14:50] China's plan to sell U.S. Treasurys—should you be worried? [17:16] Big banks will be able to buy bonds—why that's a huge deal [26:41] This market leader has the most China risk [32:39] Is Cramer right that Ford is a value trap? [36:35] Be prepared for a lot of companies to cut guidance [38:50] An easy trading tip as earnings season kicks off [47:44] Did you like this episode? Get more Wall Street Unplugged FREE each week in your inbox. Sign up here: https://curzio.me/syn_wsu Find Wall Street Unplugged podcast… --Curzio Research App: https://curzio.me/syn_app --iTunes: https://curzio.me/syn_wsu_i --Stitcher: https://curzio.me/syn_wsu_s --Website: https://curzio.me/syn_wsu_cat Follow Frank… X: https://curzio.me/syn_twt Facebook: https://curzio.me/syn_fb LinkedIn: https://curzio.me/syn_li

Plus, a surprising selloff in the usual safe haven of U.S. Treasurys. And the International Monetary Fund agrees to provide Argentina with a new $20 billion dollar loan, which would boost President Javier Milei's free-market overhaul. Kate Bullivant hosts. Sign up for WSJ's free What's News newsletter.  Learn more about your ad choices. Visit megaphone.fm/adchoices

On this week's Stansberry Investor Hour, Dan and Corey welcome Dan Rasmussen back to the show. Dan is the founder and portfolio manager of asset-management firm Verdad Advisers, as well as a bestselling author. His most recent book, The Humble Investor, came out just last month.  Dan kicks off the show by explaining what motivated him to write The Humble Investor. This leads to a discussion about why savvy investors should be skeptical of forecasts and why they should always consider whether other investors are looking at the same data and reaching the same conclusions as them. One area where this is a big problem is AI. It's capital intensive with very little return thus far, yet investors are blindly buying into AI stocks on lofty expectations. Dan points out that the "Magnificent Seven" are riskier than most folks realize, and this overvaluing of U.S. stocks has made foreign investors begin to look at other countries' markets for opportunities. (1:47) Next, Dan talks about investors mistakenly being underweight gold for years, whether it's possible to predict a bubble, the pattern of credit crises, and the recent worrying signal of money drying up in private equity. He notes that this tendency for investors to take on more risk in private equity than elsewhere is a disaster waiting to happen. Dan then delves into which parts of the market he finds most and least attractive today. For example, he notes that changing corporate governance for Japanese stocks is an "obvious catalyst" for doubling your money, while short-term macroeconomic factors are keeping him away from U.S. Treasurys. (17:12) Finally, Dan discusses diversification versus "diworsification," the often-ignored problem with passive investing, and the "valuation drop-off" between S&P 500 Index stocks and foreign stocks. With the Magnificent Seven officially in a bear market, Dan declares that "the turning point seems to be upon us" for U.S. stock valuations to come down. And he concludes with a stark reminder about earnings growth for listeners. (38:11)

On this week's Stansberry Investor Hour, Dan and Corey welcome Dan Rasmussen back to the show. Dan is the founder and portfolio manager of asset-management firm Verdad Advisers, as well as a bestselling author. His most recent book, The Humble Investor, came out just last month.  Dan kicks off the show by explaining what motivated him to write The Humble Investor. This leads to a discussion about why savvy investors should be skeptical of forecasts and why they should always consider whether other investors are looking at the same data and reaching the same conclusions as them. One area where this is a big problem is AI. It's capital intensive with very little return thus far, yet investors are blindly buying into AI stocks on lofty expectations. Dan points out that the "Magnificent Seven" are riskier than most folks realize, and this overvaluing of U.S. stocks has made foreign investors begin to look at other countries' markets for opportunities. (1:47) Next, Dan talks about investors mistakenly being underweight gold for years, whether it's possible to predict a bubble, the pattern of credit crises, and the recent worrying signal of money drying up in private equity. He notes that this tendency for investors to take on more risk in private equity than elsewhere is a disaster waiting to happen. Dan then delves into which parts of the market he finds most and least attractive today. For example, he notes that changing corporate governance for Japanese stocks is an "obvious catalyst" for doubling your money, while short-term macroeconomic factors are keeping him away from U.S. Treasurys. (17:12) Finally, Dan discusses diversification versus "diworsification," the often-ignored problem with passive investing, and the "valuation drop-off" between S&P 500 Index stocks and foreign stocks. With the Magnificent Seven officially in a bear market, Dan declares that "the turning point seems to be upon us" for U.S. stock valuations to come down. And he concludes with a stark reminder about earnings growth for listeners. (38:11)

Wall Street investors entered each of the past two years brimming with optimism about U.S. Treasurys and other types of high-quality debt.Each time, they were disappointed. While it was a disappointment in the US - what about Singapore’s bond market?How have local bonds fared over the past few years? What's the outlook for Singapore's bond market in 2025?On Wealth Tracker, Hongbin Jeong speaks to Rachana Mehta, the Regional Co-Head of Fixed Income at Maybank Asset Management, to find out more.See omnystudio.com/listener for privacy information.

Tomorrow is Black Friday, the biggest shopping day of the year and what we think of as the official start of the holiday shopping season. The National Retail Federation expects over 183 million people to shop between Black Friday and Cyber Monday. And by the end of the season, consumers are expected to spend a record $902 per person on gifts, food and decorations. Plus, are U.S. Treasurys still “risk-free” investments? A new paper makes the case that U.S. government debt is riskier than many people think.

Tomorrow is Black Friday, the biggest shopping day of the year and what we think of as the official start of the holiday shopping season. The National Retail Federation expects over 183 million people to shop between Black Friday and Cyber Monday. And by the end of the season, consumers are expected to spend a record $902 per person on gifts, food and decorations. Plus, are U.S. Treasurys still “risk-free” investments? A new paper makes the case that U.S. government debt is riskier than many people think.

U.S. Treasurys aren't trading today, and the USPS isn't delivering mail. But the stock market and pretty much everything else is open, making this one of the least observed Federal holidays on the calendar. This week Zach and Barry do their best to stay on topic and discuss the current housing market, interest rate trends, and money saving tips as we head towards the holiday season. We'll remind you that Townstone Financial is the #1 independent mortgage company offering our clients the lowest rates and closing costs combined with the best customer service. So head to www.townstone.com for a FREE consultation. We're offering same-day prequalification for purchases, debt-consolidation refinances, home equity lines, home equity loans… You name it and we offer it or can refer you to someone who does.

The yield on 10-year Treasurys hit their highest level since early August ahead of Thursday's CPI print. Meanwhile, the prospect of a strike on Lebanon sent U.S. equity markets sharply lower midday. All the headlines on investors' minds tonight.  Fast Money Disclaimer

01st Oct: Blockchain DXB Podcast

On this episode of Market Sense, the Market Sense team is watching the Fed's September meeting closely, with a rate cut expected at the conclusion. They'll give their thoughts on how much of a cut to expect and what it might mean for you. Also, the 5% interest rates we've become accustomed to from cash-alternative vehicles, like Treasurys and Money Markets, is going away. The team discusses considerations if you're over-allocated to cash alternatives, especially if you're looking to fund shorter-term goals or generate income. Read the

Laila Kollmorgen, Portfolio Manager, CLO Tranche for Pinebridge Investments, joins Jack for a Fireside Chat on Forward Guidance to discuss why collateralized loan obligations (CLOs) have rallied so much over the past two years as most of the fixed-income world has suffered enormously. Laila explains why she likes the structure of CLOs and why she thinks there will be an opportunity to be selective going forward as credit fundamentals begin to soften and valuations have increased. This interview is a Fireside Chat and paid sponsorship on behalf of the VanEck Associates Corporation. __ Follow VanEck on Twitter https://x.com/vaneck_us Laila Kollmorgen's articles on Pinebridge: https://www.pinebridge.com/en/insights/after-the-clo-rally-selectivity-will-be-key-as-fundamentals-shift https://www.pinebridge.com/en/insights/after-the-clo-rally-selectivity-will-be-key-as-fundamentals-shift https://www.pinebridge.com/en/insights/leveraged-finance-asset-allocation-insights-issuer-selection-is-key-as-loans Follow Jack Farley on Twitter https://twitter.com/JackFarley96 Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance Follow Blockworks on Twitter https://twitter.com/Blockworks_ __ Timestamps: (00:00) Introduction (01:15) What Is A Collateralized Loan Obligation (CLO)? (05:37) CLOs (Collateralized Loan Obligations) vs. CDOs (Collateralized Debt Obligations): How CLOs Fared Much Better Than CDOs During The Great Financial Crisis (13:13) Market Value CDOs and CLO Reinvestment Periods (19:45) Why CLOs Have Performed So Well (24:54) If Silicon Valley Bank Had Invested In CLOs Instead of Long-Duration Paper (Agency MBS & Treasurys), Perhaps They Would Still Be Around! (35:26) CLO Valuations And Laila's Base Case For CLOs As Interest Rate Cutting Cycle Is About To Begin (41:21) Have Economic Fundamentals Begun To Soften? (43:37) Refinancing Risk (i.e. if CLO Manager Pays Off Tranche Liabilities At Par To Refinance At Tighter Spread) (46:32) Some CLO Investors Were Buying Callable Paper Above Part (>100)! (That's "Crazy" Says Kollmorgen) (51:59) The Maturity Wall For High Yield and Corporate Credit Has Been Extended (56:13) How Might Various Tranches Of CLO Asset Class Perform In A Recession? (59:41) Risk of Default and Risk of Distressed Sales (01:03:53) Views On Liquidity and Volatility (01:09:04) Not A Huge Fan of Private Credit CLOs (01:13:37) Thoughts on "Creditor on Creditor Violence" (01:17:10) Red Flags to Avoid In CLO World __ Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor befor

27th Aug: Crypto & Coffee at 8

Forward Guidance is sponsored by VanEck. Learn more about the VanEck Morningstar Wide MOAT ETF (MOAT) at https://vaneck.com/MOATFG. This interview was recorded on Friday, August 2, during Friday's sell-off but before the vicious sell-off on Monday. he did talk about the potential for an unwind of the yen carry trade before the crash in Japanese equities and the yen carry trade was widely blamed for Monday's steep decline. But Brent doesn't really care about being "right" he is an investor first and foremost. On that point, I think people perceive that a majority of his portfolio is based on the surging of the U.S. dollar but as he says it's a very small percentage and he recommends using this "cheap hedge" (for example buying calls on USDHKD) as a way to comfortably go long risk assets. He is also (and has been) a bull on gold and he remains *not* a bull on Treasurys (which he thinks some incorrectly think he is). __ Follow Brent Johnson on Twitter https://x.com/SantiagoAuFund Follow VanEck on Twitter https://x.com/vaneck_us Follow Jack Farley on Twitter https://twitter.com/JackFarley96 Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance Follow Blockworks on Twitter https://twitter.com/Blockworks_ __ Timestamps: (00:00) Introduction (01:34) Brent's Market Views (06:56) Brent's Dollar View (13:44) VanEck Ad (14:26) Interview Continues (17:57) Potential For A "Fiscal Doom Loop" (19:41) People Have Been Calling For The End Of The Dollar For Longer Than Most People Have Been Alive, And It Hasn't Happened. Brent Is Betting That Those People Will Continue To Be Wrong For At Least A Little While Longer (20:20) People Have Been Calling For The End Of The Dollar For Longer Than Most People Have Been Alive, And It Hasn't Happened. Brent Is Betting That Those People Will Continue To Be Wrong For At Least A Little While Longer (26:07) Hedging For The Dollar Milkshake In A Responsible, Risk-Defined Way (36:46) Permissionless Ad (37:53) Connection Between Dollar and U.S. Stock Market (43:19) Potential For A Global Dollar Squeeze (48:37) Why The Rest of The World Suffers From A Stronger Dollar (01:02:00) Would Trump And Vance Ticket Succeed In Weakening The U.S. Dollar To Promote Exports? (01:04:51) Michael Pettis' Frameworks That U.S. Fiscal Deficit Is Large Because U.S. Trade Deficit Is Large (01:13:03) Does Weaponization of The U.S. Dollar Force De-Dollarization? (01:16:17) Brent's Views On Economy And Stock Market: He Doesn't Think U.S. Is Headed For A Recession __ 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.

"The former Speaker predicts "The dollar will suffer a major confidence shock” and as a result asks, “What can be done?” His immediate answer is to “start by taking stablecoins seriously.” Dollar-backed stablecoins are arriving as “an important net purchaser of U.S. government debt,” with stablecoin issuers now the 18th largest holder of US Debt. Ryan goes on to say that “if fiat-backed dollar stablecoin issuers were a country,” that nation “would sit just outside the top 10 in countries holding Treasurys,” still less than Hong Kong but “larger than Saudi Arabia,” our former partner in the petrodollar system."~Mark Goodwin & Whitney Webb In the shadowy world where finance meets technology, a select group of powerful players are shaping the future of money itself. From the founding of Visa to the halls of Harvard and the US Treasury, follow the intricate web connecting Wences Casares' bitcoin vault Xapo to Wall Street giants and former government officials. As regulatory battles loom, will this new financial paradigm strengthen or undermine traditional banking and government control? Find out in Part 2 of Chain of Custody. Check out the original article at The Chain of Custody: The "Mafia" Holding The Elite's Bitcoin (Link:https://tinyurl.com/29v5tvy3) Link to check out: "The Bitcoin-Dollar: An Economic Monomyth" by Mark Goodwin (Link: https://tinyurl.com/49sufj7t) Guest Links Mark Goodwin on X (Link: https://twitter.com/markgoodw_in) The Bitcoin Dollar by Mark Goodwin (Link: https://tinyurl.com/5xvud4d8) Whitney Webb Linktree (Link: https://linktr.ee/whitneywebb) Host Links ⁠Guy on Nostr ⁠(Link: http://tinyurl.com/2xc96ney) ⁠Guy on X ⁠(Link: https://twitter.com/theguyswann) Guy on Instagram (Link: https://www.instagram.com/theguyswann) Guy on TikTok (Link: https://www.tiktok.com/@theguyswann) Guy on YouTube (Link: https://www.youtube.com/@theguyswann) ⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible) The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839) Check out our awesome sponsors! Get ⁠10% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: https://bitcoinaudible.com/coldcard) Swan⁠: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)

A comparison between copper and gold prices has in the past been a reasonably reliable predictor of bond yields, but it looks this indicator no longer works.  Confluence Associate Market Strategist Thomas Wash joins Phil Adler to explain why this is so.

We've already had more inflation in this young 2020s decade than the entire 2010s. If the next forty years have as much inflation as the last forty, gas will cost $13.38 per gallon, the average home $1.88 million, and the average rent $59,000 annually.  Inflation impoverishes most people. You can profit from it 3 ways at the same time. Watch the free 3-part video series: GetRichEducation.com/TripleCrown.  The 30-year fixed rate mortgage is a uniquely American construct. It virtually exists nowhere else in the world. I compare this to mortgage terms in Europe, Canada and Australia.  In much of the world, homeowners have had their mortgage payments double overnight! Trends that won't soon be disrupted: more inflation, people need to live somewhere, there aren't enough places to live. That's so simple! Invest in it. Rents are increasing the most where little new supply has been added. There's a myth that gigantic institutional investors are gobbling up all the single-family rental homes. But they only own 3% of the market. Mom & pops own 80%. Single-family rents are up 3.4% per CoreLogic. Detached SFHs are up more than attached types. Property prices and rents are positively correlated. Some people falsely think that they move inversely. Resources mentioned: Profit from inflation 3 ways: GetRichEducation.com/TripleCrown For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  Top Properties & Providers: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold   Complete episode transcript:   Welcome to GRE! I'm your host, Keith Weinhold. Learn how the misery of INFLATION is altering BOTH your quality of life and the return on ALL of your investments… … also, many people are now having their mortgage payments DOUBLE overnight and IT'S creating pain, then, what are the factors affecting the future direction of RENTS - all that, and more, today on Get Rich Education!  ______________   Welcome to GRE! You're listening to one of the longest-running and most listened-to shows on real estate investing. This is Get Rich Education. I'm your host, Keith Weinhold - the voice of RE since 2014.   I don't know if you fully realize how much inflation is steering all of your investments - and it's emphatic at a time like this when the dollar is down 25% cumulatively just in the last four years. Gosh!   And I've got some jaw-dropping inflation fact to share with you soon.    We'll get to inflation's RE affects shortly. But here's what I mean.    In stocks, they keep riding up on a wave of optimism, anticipating a Fed interest rate cut - largely due to future INFLATION expectations. Yes, there's jobs & GDP and some other factors.   But the stock market - which is a FORWARD-looking market - it moves based on what's expected to happen 6 to 12 months from now.    STOCK investors know that rate cuts open the floodgates to get us closer to the “easy money” days again.    That's why - as backwards as it is, the worse the economy looks, the lower that inflation tends to be, and then, in turn, the lower that interest rates can go, which the stock market likes.   So a worsening economy often pumps up the stock market. Soooo backwards.    Just look at what happens historically. Recessions sound bad. Yet what happens is that rates get cut in a recession - because the economy needs the help.    But nearer-term, it's this ongoing expectation of the rate cut - that's been looming out there for months but hasn't happened - which CAN keep propelling the stock market to higher highs. It's already hit all-time highs here recently. You can make the CASE that stocks should keep floating higher from here… based on that premise.   Before we look at real estate & inflation. Understand this.    Inflation has already widened the divide between the affluent and the deprived. That divide has gone from a gully to a canyon.   But... my gosh! Here's the stat that I want to share with you. And you're really going to get a sense for the gravity of what you're living through this decade.   We've already seen more inflation in the first 51 months of the 2020s decade than in the ENTIRE decade of the 2010s. Already.   This gets really interesting. Let's look at about the last four decades here.    Alright, in the 1990s decade, America had 34% cumulative inflation. Let's go ahead and… we'll associate this decade with President Bill Clinton.    We won't tie any President to the inflation number because there are lag effects and other factors. A President really can't take the credit or blame, in most cases. Just marking the era here.   So, 34% inflation in the 1990s.    The 2000s decade saw the GFC and… 29% inflation. Most of those were George W. Bush years.   The 2010s decade saw lower inflation → Just 19%. So that's under 2% a year. These were mostly the Obama years here in the 2010s.    Little flex there from the former Commander in Chief.   Then the 2020s decade → have seen, like I alluded to, and under Joseph Robinette Biden, Jr. - yes, as the oldest sitting president ever, it's easy to forget that he's a “junior. In this young 2020s decade, we have, 21% cumulative inflation. Already.   So this figure is after just the first 51 months of this decade, if we're counting from 2020… and this is largely due to supply shortages from the COVID pandemic.    So 21% ALREADY this decade… and just 19% ALLLL of last decade which was a full decade. That's the impact.    That's reflective of what you see in home prices and rent prices and utilities, transportation, labor, and almost every facet of your life.… and what you see in your weekly Costco bill and Trader Joe's bill.    Who have we left out here? A one-term president, so far? Does somebody feel left out.    Yes, that is the actual person of one Donald John Trump.   Psssshhh!   All of those figures I cited are from the BLS, and I've been rounding to nearest whole percent.   But get this! Inflation over the next forty years could make the LAST 40 years seem like a picnic.    That's partly because we're $35T in debt and that figure now grows by $1T every single quarter… every 90 to 100 days. So we MUST keep dollar-printing to help pay it back.   But just, if the last forty years repeats itself, by the year 2064, which is the next forty years, we'll see these prices. Prepare for a future that looks like this: Gas at $13.38 per gallon The home price at $1.88 million Average rent at $59,000 per year And the average salary at $104,000 That is if inflation over the next 40 years, looks like that last 40 years. Also, note how salaries don't keep pace with prices. That $104K average salary in the year 2064 doesn't sound as high-flying as those other figures.   Well, this is all really frustrating for consumers… and even debilitating to one's standard of living. Remember, this latest wave of inflation brought us the biggest YOY increase in homelessness - based on HUD figures.   and why you need to invest in something that reliably BENEFITS from inflation and pays you an income at the same time.    Look, here's really, the deal. Dollars are abundant. So then isn't it a paradox that a major spike in the supply of dollars would create more homelessness?   Well, you know that dollars are there for your taking - because so many more have been brought into existence. Dollars are abundant. So as they cycle through the economy, rather than going through the consumer motions, you can build your diverter. That's where the world of abundance exists, so get into that flow.   Ultimately, REAL capital is scarce. Your time and energy are scarce. Natural resources are scarce. Labor is scarce.   What's frustrating is that money ought to reflect that scarcity if it is going to accurately convey the value that enables people to make capital accumulation decisions.    And alas, we're doing our measuring in dollars and the dollar is not remotely scarce.   The middle class and poor often have wages that don't track inflation, yet they disproportionately suffer the higher consumer prices.   The investor class owns assets that float up with inflation. And GRE listeners will do even better than that.   As income property owners with mortgages, we're winning three ways at the same time with the Inflation Triple Crown. That's your dollar diverter.   Alright, so that's longer-term inflation. I've been talking in terms of decades - both the past and with an extrapolation into the future to 2064 there - and it's really rather sobering.   Well, what's the more CURRENT inflation situation? The situationship? Ha! What's the situationship now?   In trying to quiet it down to their 2% target, the Fed has run into so many hurdles that you'd think they were training for this summer's Olympics in Paris.   After it peaked over 9% two full years ago now, inflation's been bouncing near 3-and-a-half-percent for a year and they just keep having trouble getting it lower than that.   Hmmm... would we say that this could turn into Jerome Powell's three-quarters life crisis? We'll see.   Rising inflation is one of the key factors that brought down the Roman Empire. They famously experienced hyperinflation after a series of emperors lowered the silver content of their currency, called the denarius.    Today, some lament that the dollar isn't backed by gold, silver, or anything else.   But it is.   It's backed by the world's most powerful military, strongest economy, reserve currency status, international trade agreements, and you also… must pay your taxes in dollars.    Dollars are still liquid and useful… but perpetually debased, so get them and then transition out of them.    Yet, at the same time, we're also the greatest debtor nation in world history. The easiest way to pay it all back is to simply print more and inflate more.   So that's why it's almost inevitable that dollars will keep being worth less... and BTW, the two words “worth less” sound awfully close to the word “worthless”. Ha!    That's where we keep heading.   Until you can send a Venmo request to the Fed to compensate you for your loss in purchasing power, we need to actually do something about this.    And the dollar that you had when you started listening to me today could very well now only be worth 99 cents. Ha!   We can either have our standard of living degraded by inflation or we will decide to profit from it.   So, if you haven't yet, check out GetRichEducation.com/TripleCrown.   Rather than impoverish you, learn how you can make inflation CREATE wealth for you three ways at the same time with that free, 3-part Inflation Triple Crown video series. Good learning there.   It's free & easy to watch, again, at GetRichEducation.com/TripleCrown   Inflation seemingly seeps into everything.   Inflation took down the commercial sector - Apt buildings & offices. Apts are down 30-40% in the last two years. It's all because inflation made the Fed panic and jack up those rates.   If that's not jaw-dropping enough. Office values are down 80%+ in the last two years. 80%+, 90%+ in some cases.    Of course, office RE got the double-whammy of the inflation-induced interest rate hikes AND the Work-From-Anywhere movement.   That leaves residential 1-4 unit properties in good standing - and still impacted by inflation, but LESS impacted by inflation.    Yeah, your 1-4 unit RENTS are up - and I'll talk more about rent later in the show today.    inflation also jacked up your expenses like insurance, utilities, maintenance & repair cost and more.   But as we move away from the inflation conversation now, of course, one big reason that 1-4s have stayed resilient is the American privilege of LTFIRD - and the fact that it's 30 years for most US properties.   In fact, in 2022, 89% of homebuyers applied for the 30-year.   I think that you're about to get more appreciation for this… perhaps than you've ever had.   The 30-year FRM is a UNIQUELY American construct.    And, BTW, some people don't seem to know what the word “unique” means. You've probably heard people misusing this word all the time.   Unique does not mean something that's sort of different.    Unique means “ONE of a kind”. Unique means something that does not exist ANYWHERE else.    What do I do here on this show? Besides giving you the occasional geography lesson as a side dish to your real estate, I do this with vocabulary, grammar, and syntax as well, don't I?    Even though my own is surely imperfect.   Anyway, the reason that the 30-year mortgage can exist is due to our deep financial markets - especially our secondary market for mortgage-backed securities, where your loan gets packaged up and purchased by a bond investor - a bit like Ridge Lending Group President Caeli Ridge & I touched on last week.   The reason that mortgage-backed securities are attractive to investors in the U.S. and across the globe is because their government sponsorship makes them safe investments over long periods of time. They also provide a fixed payout to the MBS holder.   And see, the rate on the 30-year fixed-rate mortgage tracks closely to 10-year Treasurys because “U.S. real estate is almost as good an investment as a U.S. Treasury bond.”   They've got Fannie & Freddie insurance.   And that entire MBS process now has more guardrails in it than we had before the Global Financial Crisis.   We're talking about the foundation here - really - of where you get your big lumps of money from - the 30-year FRM and its uniqueness.   Compared to the world, the US has very little variable rate debt.    Less than 4% of American mortgage borrowers have debt that's on rate terms of a year or less. Over 96% of US debt is LTFRD, defined as 10 years or more.   That is virtually unparalleled worldwide. To compare us to some other developed nations, mortgage borrowers in Germany - just 47% of them have long-term fixed debt - and none of them can get 30-year debt.   Long-term debt, again, defined as ten years or more,  Is little to ZILCH for mortgage borrowers in Canada, the UK, Ireland, Italy, Sweden, Finland, Australia, and other developed nations like them.   In Canada, the most common mortgage terms reset to the prevailing market interest rate every five years.    In Finland, their mortgages reset annually or faster. Gosh, can you imagine if your mortgage rate reset every year like it does for the Finns?   Sheesh, that's more often than some people lose the remote control or rearrange their furniture.   OK. So what's this really mean?   Ya gotta… pour one out for most mortgage borrowers in the rest of the world.   They can't lock in their mortgage interest rate for the long-term. So with rates doubling or tripling, starting from 3 years ago, it's totally ruined a lot of foreign homeowners.   Look, what if you're middle class and your monthly mortgage payment soars from $1,893 on Tuesday up to $3,415 on Wednesday?   That's what's happening elsewhere. It can go up 50% overnight and nearly double overnight in Australia, Europe and elsewhere.   But in the mortgage-advantaged US, we're safe.   If we buy at an 8% mortgage rate on a 30-year fixed amortizing loan today—just the plain, vanilla loan: If rates rise to 10% later, you're happy to be locked-in at 8% If rates fall to 6% later, you'll refinance Note that I refrain from saying "just refinance". I don't like the word "just". You'll still need hours to provide documentation and your credit score will be checked. But it's worth it.   You won't “just refinance”. Ha! You'll refinance.   So think of it this way then, you can alter your deal with the bank whenever you want—and usually with no prepayment penalty. Yet the bank can't alter it on you.   What did Darth Vader say to Lando Calrissian in the “Empire Strikes Back?”. I am altering the deal, pray that I don't alter it any further.    Ha! We better not play that clip here. I don't know the copyright laws with LucasFilm or Disney there. Ha!   But you're not a dark lord of the Sith for doing it… for altering the deal on the bank. You're playing within the rules.    This is almost an unfair advantage for Americans.   The bottom line here - with this unique American advantage, is that, as rates change, you get to play both sides of the game. And that's why we add smart properties with loans.    We turn that into wealth, with compound LEVERAGE.    Now, mere compound interest, that's a vehicle for you to rely on more for your shorter-term funds, your cash or what you're keeping more liquid.   Long-term wealth is build through compound LEVERAGE.   Short-term funds - that's for compound INTEREST.   And… your bank is getting rich off of YOU. The national average bank account pays less than 1% on your savings. If your money isn't making about 4-5% today, you're losing your hard-earned cash to inflation.  What I do, is keep my dollars in a private LIQUIDITY FUND. You can do this too. Your cash generates up to an 8% return with—COMPOUND INTEREST—year in and year out instead of earning less than 1% sitting in your bank account - or even 4-5% elsewhere. The minimum investment is just $25K. You keep getting paid until you decide you want your money back. This private LIQUIDITY FUND has a decade-plus track record - and they've always paid their investors 100% in full and on time. I would know… because, I'm an investor with them myself. See what it feels like to earn 8%. A lot of other GRE listeners are. To learn more, just text the word FAMILY to 66866 to learn more about Freedom Family Investments' LIQUIDITY FUND. Get 8% interest! Just do it right now, while you're thinking about it. Text FAMILY to 66866.   More straight ahead, including what's happening with rents. I'm Keith Weinhold. You're listening to Get Rich Education. _____________   Welcome back… you're listening to Episode 503 of Get Rich Education. I'm your host, Keith Weinhold.   We've got a poll result, from our Get Rich Education Instagram Page.    The poll question was simple. “When buying property, what's more important?”    The purchase price or the mortgage rate.   71% of you said the purchase price. 29% of you said the mortgage rate.    Of course, both are important, but I think that the PURCHASE PRICE is the best answer - because your purchase price stays fixed for the life of your ownership period, and you can CHANGE your fixed mortgage rate and make it malleable… whenever it suits your needs.   As we talk about where the OPPORTUNITY is today, though multifamily apartments are going to bottom out sometime and therefore, at some point, they'll make a wise investment - who REALLY knows - maybe the time for larger apartments is now…   … one opportunity is… giving good people OPTIONS during a housing affordability crisis.   And what's going on right now is that… let me put it this way… when people have a hard time affording their own home today, basically (ha!) people are having a hard time transitioning from resenting their landlord to bickering with an HOA.    Ha! That's kind of how the world works.   Seemingly everyone would rather be bickering with an HOA rather than resenting their landlord.    A lot of renters want to be buyers… they can't… and that isn't expected to change anytime soon… as prices will likely stay elevated… and mortgage rates are staying higher, longer too.   These things are ALMOST “knowns”. It's often wise… to invest in trends that are known. Nothing's completely predictable, but when you're looking for a place to park your investment dollars, a few other things… are known… right now.   And AI is not expected to change what I'm about to tell you… anytime soon.   VR - virtual reality is not about to change what I'm about to tell you anytime soon.   AR - augmented reality isn't either. Machine learning won't imminently disrupt this.   And that is, that… everyone expects more long-term inflation. At what rate, no one knows.   People will need to live somewhere… and there are not enough places to live.   Those three facts, right there, are so simple. I love simple. Ha! One reason I love simple things is that I can remember it.    So many investors - investors in all types of things, say, from tech EFTs to junior mining stocks to crypto - you can make money there.   But, at times, investors will unnecessarily go out on the risk curve and GUESS and speculate… at a future trend.    Some are right. They're often wrong, and adopting too much of that approach… that's exactly when your risk-adjusted return goes down throughout your investor life.   Instead, you can get great returns - real estate pays 5 ways-type of returns - in these trends that I just described that are near certainties.   Why guess? When instead, you can almost be certain.   Often times, the certain thing is right… there.    It's often easier, like I think I brought up on the show once before, inspired by Jeff Bezos - don't ask what will change in 10 years.    The more insightful question and profitable question that fewer people think to ask is actually - “What will be the SAME in ten years?”   Well, when we talk about rents and the fact that tenants WILL keep paying you to live somewhere ten years from now, the trend that's taking place here in the mid-20s decade - here in the mid 2020s, is that… Rents are increasing the most where there hasn't been enough new supply added - up 5-6% in parts of the Northeast including New York and Boston - Seattle too… and parts of the Midwest. Detroit and Honolulu rents are each up about 5%.   Rents are decreasing the least, and even declined - where they've added lots of new supply recently, like Austin, Texas and Miami, where they're down 3% or more in each. New Orleans is another major city that's down - at minus 1%.    But among the larger cities, Austin, Texas is the WORST performer in the nation right now.   If you're listening to this either this week or you're listening to this ten years from today, if you want to know future rent trends, look at where they're adding supply.   Especially in apartments. But all these new apartments will fill up and nationally, they're building fewer apartments this year than last year's apartment-building boom.   When we talk about rents and who owns SINGLE-FAMILY HOMES, there are a few myths that I want to help bust for you here.   There seems to be this misconception or misinformation that GIANT Wall Street firms are buying up all the SFRs. That's just not true.    Now, there is more participation from the big firms than there has been historically, but those that own 1 to 9 SFRs… which is our definition of mom & pop investors here… constitute 80% of the SFR market.   80% own one to nine units. Now, you might own more than 9.    In fact, 14% are in that next tier up, owning 10 to 99 SFRs. Then 3% - known as small national investors own between a hundred and a thousand.   And, what's left, the big institutional investors - those that own 1,000+ SFRs - and you've heard of some of these companies - Invitation Homes, and another is American Homes 4 Rent.    Progress Residential, Blackstone, First Key Homes  - all those big players own just 3% of the market.   So again, 80% are the small ones - the mom & pops… a highly fractured market.   There are a total of 82 million SFHs in the United States. Out of all of them, do you have any idea what percent are OOed and how many are rentals?   It's 83% OOed and 17% of the single-families are rentals. So about one-sixth of SFHs are rented out.   Now, here's the thing. Some people tend to think of mom and pop single-family rental operators as unsophisticated charity case workers who never raise rents.    That's part of the perception out there.    But that narrative has never really been true, and, in fact, the COO of American Homes 4 Rent - his name's Bryan Smith - recently brought up this key point on their recent earnings call.   He said that while historically mom and pops hadn't always priced directly to market because of a lack of market data, "they've migrated into a strategy that's closer to ours."   How is this and why is this? Anymore, why ARE mom & pops raising rents just about as aggressively as the big institutional players.    It's really increased transparency on the rents that landlords are asking… through internet listing sites like Zillow.    It's not that mom and pops didn't increase rents before. (I mean… just look at what happened with rising rents in the 1970s and 80s before institutions were in the sector.)    But when there's a lack of rent amount transparency, it takes longer for operators to discover and adjust to market pricing-- especially for smaller players in a deeply fragmented market.    That's the part that's changing.   But see, increased transparency works both ways. It's good for you and bad for you as a property investor.   This information helps tenants too. In upswing markets, operators may push rents faster than they would otherwise.    But in a downswing market, operators may cut or keep rents flat faster in order to lease the unit.    Because tenants can easily see what other LLs are charging and compare features. When you price too high, units sit vacant and generate no income.   Since renters benefit from increased transparency too, if they see two similar homes, they're usually picking the better deal.   And increased transparency is why NEW lease rent growth is cooling off.    In fact, CoreLogic just released their latest SF Rent Index report last week. It showed that, nationally rents are up 3.4%, which coincidentally, happens to be the same as the latest CPI inflation number.   Detached properties are seeing more rent growth than ATTACHED ones - like townhomes. If you think about it, that makes sense. Townhomes are in less demand now.   Because the homeownership dream, is when one moves out of the apartment & buys a detached house.    And since that's so unaffordable to buy here in the 2020s decade, that's why more people are willing to pay more for to rent the detached type.   Note that SFR rent growth has moderated since mortgage rates spiked-- further dispelling the sticky myth that rents boom when home sales fall.   Remember - when homes price growth is really hot - like it was in 2021 and 2022 - near 15% - rent growth tends to be hot too. It was ALSO near 15%.   And when home price growth is moderate, like it is now, well, rent price growth is moderate too.   Prices and rents move together. They're POSITIVELY correlated. Some people think they move inversely… and we're looking at history over hunches again - what REALLY happens here.   So though you're almost certainly going to get nominal rent growth over time, it's not a good thing for you to count on it in the short-term - it NEVER is, in any era.   The time for you to push rents is, of course, in any market, when you go for NEW leases. A new lease with a new tenant is going to be higher than a renewal lease.   It's the ol' - this has been a good tenant for three years, so I don't want to push the rent too hard & lose them.    To review what you've learned today, inflation is affecting ALL of your investments, 30-year FRMs are a UNIQUE American advantage…   …it's wise to invest in future trends that are KNOWN, if you want to know what is going to happen with rents in the near future, look where they've added supply.    Less new supply correlates with more rent growth… and large institutional investors own just 3% of SFRs.    If you enjoy the show, please, tell a friend about it.   Isaiah on LI had the most flattering comment. Over there, he wrote and called GRE “The best podcast on the planet.”    I… really don't think that I can take credit for that, though… I'd like to think we're a good resource for building your wealth through REI and regularly informing you, giving you ideas that you've never thought about before that add real value to your life.   You've heard of Bidenomics. The first portmanteau type that I ever heard about a President's economic policies is REAGANomics, though it was a little before my time.    Here on the show next week, with us, will be none other than “The Father of Reaganomics”.    Yes, late President RONALD REAGAN'S Budget Director will be here next week. Basically, he was Reagan's “Money Guy”.    His name is David Stockman and he often met with the President in the Oval Office, advising Reagan on economic affairs.   I have asked David Stockman, if besides talking about the condition of today's economy next week, he'll also discuss real estate - and he agreed to do so.    That's “The Father of Reaganomics”. You can look forward to he & I together next week here on the show.   You might be one of the listeners that's been here every single week since 2014 - just like I've been here for you.     A new podcast is published every Monday. If you want more our DQYD E-mail Letter is published and sent about weekly, that's typically been on Thursdays lately. Then, there are many new videos published each month over on our Get Rich Education YouTube Channel. Those are the main three places that you can find us.   Until next week, if you enjoy listening, I really appreciate if you would told a friend about the Get Rich Education Podcast.    Until then, I'm your host, KW. Don't Quit Your Daydream!

The International Monetary Fund reported today that the global economy has shown “remarkable resilience” and that growth is expected to hold steady at 3.2% this year. But that’s low by historical standards. Plus, why there’s weaker demand for Treasurys, how restaurant chains scout locations and why Warner Bros. is shelving “Coyote vs. Acme.” Beep beep!

The International Monetary Fund reported today that the global economy has shown “remarkable resilience” and that growth is expected to hold steady at 3.2% this year. But that’s low by historical standards. Plus, why there’s weaker demand for Treasurys, how restaurant chains scout locations and why Warner Bros. is shelving “Coyote vs. Acme.” Beep beep!

The rising federal budget deficit begs a key question with major implications for investors. How painful will it be for the government to finance all that debt or will there be enough buyers of all those new US Treasurys to prevent an ugly turn for the markets? Confluence Investment Management Associate Market Strategist Thomas Wash joins Phil Adler to discuss how fixed income investors might navigate this changing environment.

Watch The X22 Report On Video No videos found Click On Picture To See Larger Picture The Dutch MEP has now let everyone know that climate change is a fabricated crisis. Now you know why the ECB is removing those who do not agree with the their narrative. Biden now reversing his goals on EV's, he just looked at the polls. Bidenomics will get Trump elected again, and this is just the beginning. The [DS] is now panicking, they are starting to realize that their plan to hit Trump with fines is not going to work. Removing him from the ballot is not going to work. They will try to convict him closer to the election. [MO] will be dropped in at the end of Aug or beginning of Sept. The [DS] is the cancer and We The People Are The Cure.   (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); Economy  Biden Admin To Ease Electric Vehicle Goals In Bid For Union Support: REPORT The Biden administration is planning to ease restrictions this spring on tailpipe emissions that were put in place to facilitate the transition to electric vehicles (EV) in a bid to appeal to unions and the auto industry, according to The New York Times. The rules would give automakers more time to facilitate the EV transition, with looser emissions standards meaning that automakers would have until after 2030 to switch over the bulk of their production, as opposed to just a few years under current regulations, according to the NYT. President Joe Biden has long sought to curry the favor of union workers, particularly the United Auto Workers, who endorsed the president in the 2024 presidential election last month but are wary of the effect that an EV transition could have on their current jobs, as less labor is required to produce an EV and their production is not covered under the same union contract  The Biden administration's goals of electrifying America's vehicles have faced severe headwinds from poor demand, with sales only increasing from 3.1% in January 2023 to 3.6% in December 2023 in terms of market value despite an increase in the share of inventory from 2.8% to 5.7% in that same time frame. The administration's rollout of EV chargers has also run into red tape, leading to only two charging stations being built as of December despite $7.5 billion in allocated funds. Source: dailycaller.com The U.S. Government Will Soon Spend More on Interest Payments Than Defense© Alexandra Citrin-Safadi/WSJ The U.S. government is expected to pay an additional $1.1 trillion in interest over the coming decade, according to the Congressional Budget Office's latest estimates. Interest costs are on pace to surpass defense this year as one of the largest government expenses in the budget. Only Social Security and Medicare are forecast to be bigger burdens in the coming years. The U.S. government raises money by auctioning Treasury bonds to a swath of global investors. The bigger the deficit, the more bonds it must issue to finance otherwise unfunded spending. Investors could demand higher yields to buy the deluge of Treasurys, which would hurt bond prices. Ultimately, higher borrowing costs on such things as mortgages and corporate loans would slow the economy as consumer spending and business investment wane. Source: wsj.com https://twitter.com/GameofTrades_/status/1759238846108291122?s=20  Political/Rights   https://twitter.com/RepJamesComer/status/1758591024362856637?s=20 https://twitter.com/paulsperry_/status/1758525326261399608?s=20 https://twitter.com/GriffJenkins/status/1758671673723867417?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1758671673723867417%7Ctwgr%5Ed94cf65...

#RafiFarber - Fed Panics on BTFP as 16.2M Ounces of Silver Flood SLV Effective immediately and in a move that smacks of panic, the Federal Reserve has shut down the arbitrage from the Bank Term Funding Program (the regional bank bailout) banks have been taking advantage of since November. Banks have been turning in underwater Treasurys for cash at 4.8% and stuffing that cash back into their reserves, earning 5.3%. if the Fed wasn't expecting this and had to shut it down "immediately", what else are they not expecting? Meanwhile, Texas is defying the Biden administration setting the stage for an imminent showdown, silver is flooding back in to SLV, and 4 major bank executives are warning of major monetary sewer problems sometime between March and May. The plot thickens. To find out more, click to watch the video now! - Sign up for The End Game Investor! https://endgameinvestor.substack.com/ To find out more about Fortuna Silver go to: https://fortunasilver.com/ - To join our free email list and never miss a video click here: https://arcadiaeconomics.com/email-signup/ - To get on the waiting list for your very own ´Silver Chopper Ben´ sterling silver figurine click here: https://arcadiaeconomics.com/get-a-chopper-ben/ - To get your paperback or audio copy of The Big Silver Short go to: https://arcadiaeconomics.com/thebigsilvershort/ Find Arcadia Economics content on these sites: YouTube - https://www.youtube.com/user/ArcadiaEconomics Rumble - https://rumble.com/c/ArcadiaEconomics Bitchute - https://www.bitchute.com/channel/kgpeiwO1dhxX/ LBRY/Odysee - https://odysee.com/@ArcadiaEconomics:5 Listen to Arcadia Economics on your favorite Podcast platforms: Spotify - https://open.spotify.com/show/75OH2PpgUpriBA5mYf5kyY Apple - https://podcasts.apple.com/us/podcast/arcadia-economics/id1505398976 Google-https://podcasts.google.com/feed/aHR0cHM6Ly9teXNvdW5kd2lzZS5jb20vcnNzLzE2MTg5NTk1MjMzNDVz Anchor - https://anchor.fm/arcadiaeconomics Amazon - https://podcasters.amazon.com/podcasts Follow Arcadia Economics on these social platforms Twitter - https://twitter.com/ArcadiaEconomic Instagram - https://www.instagram.com/arcadiaeconomics/ To see the evidence of manipulative behavior in the silver market (as well as how you can send it to your local regulators and Congressional representatives) click here: https://arcadiaeconomics.com/cftc-complaint/ - To sign the petition to ban JP Morgan from having any involvement in the silver industry click here: https://www.ipetitions.com/petition/ban-jp-morgan-from-trading-gold-and-silver #silver #silverprice And remember to get outside and have some fun every once in a while!:) (URL0VD)Subscribe to Arcadia Economics on Soundwise

On this episode of The Rate Guy, JP stays on brand taking jabs at the NFL's latest dramas, with a special nod to the Cowboys' decisions that bring him so much joy. We analyze the latest on treasury rates, Fed-speak, and what consumer sentiment reports reveal about inflation expectations. We also take a look at potential inflation scenarios and what they may mean for our economy.

On this week's special mailbag episode of Stansberry Investor Hour, Dan Ferris and Corey McLaughlin are answering some of the most interesting questions they've received in recent weeks from subscribers. They tackle everything that has been on your mind – and a few things that you probably haven't even considered. Dan and Corey kick things off with questions about whether the green-energy movement and threats to eliminate fossil fuels will boost the price of oil... the broken housing market in the U.S. and what it means for homebuilders... nuclear energy's potential as a big source of power in America... and where uranium prices are headed next based on the supply-and-demand picture.  Next, Dan and Corey address a listener who hates that they let the cat out of the bag on the upside in farmland... and respond to another listener who wants them to talk more about specific stocks and less about the Federal Reserve. Plus, Dan and Corey answer questions about political correctness, the love of money being the root of all evil, how to profit from war, and why they prefer U.S. Treasurys to money-market funds.  Finally, Dan and Corey discuss the threat the high national debt level poses for the U.S., the development of BRICS (Brazil, Russia, India, China, and South Africa) as a geopolitical and economic power, and whether the U.S. losing its world reserve currency status would really be such a bad thing.

Dan and Corey kick off the show by giving a sneak peek at their list of 10 things that would surprise investors in 2024 and where they predict the markets are headed. Specifically, they discuss the unassailable Magnificent Seven – which are "priced for more than perfection" – and why the high valuations aren't sustainable. While the other "Unmagnificent 493" stocks in the S&P 500 Index are essentially flat and it's "still a bear market for everything else," the Magnificent Seven have screamed higher. Dan warns that they're not safe. Afterward, Jared joins the conversation and gives some tips on how to make finance less stressful. He shares that it's important to not cut out small luxuries that bring you happiness, like a Starbucks coffee every now and then. Rather, he says to focus on cutting costs for the bigger items. He also explains that being too conservative with your money can be detrimental.  The conversation shifts to discussing the two main sources of financial stress: debt and risk. Jared explains that these sources of stress aren't correlated with how much money you have and instead are entirely based on how you structure your finances.  Jared then talks about the market as a whole and shares some predictions. He covers why he has been focused on the bond market for the past six months, why he expects a recession next year, what he thinks will happen to Treasurys and interest rates, and the psychology behind inflation.   Lastly, Jared details why he owns essentially no U.S. stocks and instead has his money in Argentine stocks. Plus, he describes another emerging market that presents a "huge opportunity" for investors. As he says, "There's other places in the world to go where there's a lot more growth that are a lot more promising." Don't miss his thoughts on the best way to get exposure to that potential growth story. 

On this week's Stansberry Investor Hour, Dan and Corey welcome Porter Stansberry back to the show. Porter founded Stansberry Research in 1999, and he recently returned as CEO and chairman of parent company MarketWise (MKTW). With more than 25 years of experience as a financial analyst and publisher to draw on, Porter shares his opinions on the current state of the markets and which areas of the economy look most attractive today.But first, Dan and Corey talk about investors' unfounded hopes for falling interest rates and some Wall Street analysts predicting that the Federal Reserve will soon cut rates by 150 basis points. "I just don't see that happening," Corey says. Afterward, the conversation shifts to the bond market, the drop in demand for U.S. Treasurys, China "imploding minute by minute," and the biggest "turkeys" who have made the most absurd financial decisions this year. Plus, Dan explores investor psychology and how it has been warped by a decade-plus of low rates and the longest bull market in history. (0:00) Porter then joins the show and discusses why Ayn Rand's 1957 book Atlas Shrugged continues to be relevant today, General Motors' chances of going bankrupt again, and his "new, old" job as CEO of MarketWise. He explains his strategy for the company going forward. (25:08) Moving on to the broader economy, Porter shares an updated prediction of what he sees coming for the market. In mid-September, he was concerned we were on the cusp of another major financial crisis. But now he thinks the immediate danger may be past. (42:34)  Porter also shares that most quality businesses out there trade for high valuations, but those with unrecognized quality still present fantastic buying opportunities today. Even companies that have recently made negative headlines can still have incredible underlying value.(48:48) Finally, Porter details what's happening in the bond market right now and why he believes it's worth investing in. And you won't want to miss his parting message, where he explains why it's a great time to be alive despite any global issues or societal problems. "Most investors make the mistake of not being optimistic enough," he says. (57:35)

This episode of The Rate Guy Podcast is titled, "No, China is Not Dumping Treasurys". We had a better title, but Harbaugh stole it. (You know JP can't resist making some digs) This week we discuss the latest headlines about China selling Treasurys. The reasons they would sell, why they wouldn't sell and we get an expert's take on what the global data REALLY looks like. Thanks Brad!  This is graph heavy, so you may want to check out the Pensford newsletter to view them and the amazing photoshop job of Harbaugh as a Pulp Fiction character.  This podcast is chalk full of JP angst, Chicago sirens and data that may leave you questioning the headlines.  Link to Brad Setser's "China Isn't Shifting Away From the Dollar or Dollar Bonds".

Plus: NovoNordisk rushes to boost production of its popular obesity treatments. And a hack targeting one of the world's largest banks disrupts the market for U.S. Treasurys. Luke Vargas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

China is the second-biggest foreign holder of U.S. debt, but its total holdings recently hit a low not seen since 2009. In this episode, we’ll talk through a few theories on why China appears to be offloading U.S. Treasurys. Could it be trying to pump up the value of the yuan? Or has China just hidden a bunch of Treasurys? Plus, big-box retailers renovate to draw in shoppers, the repossession industry faces a repo man shortage, and corporate earnings reports go better than expected.

China is the second-biggest foreign holder of U.S. debt, but its total holdings recently hit a low not seen since 2009. In this episode, we’ll talk through a few theories on why China appears to be offloading U.S. Treasurys. Could it be trying to pump up the value of the yuan? Or has China just hidden a bunch of Treasurys? Plus, big-box retailers renovate to draw in shoppers, the repossession industry faces a repo man shortage, and corporate earnings reports go better than expected.

The 10-year U.S. Treasury yield closed above 4.9% yesterday, its highest level since July 2007. The bond-market sell-off that's pushing yields higher is starting to eclipse some of the most extreme market meltdowns of past eras.Losses on Ten Year Treasury Bonds are close to 50% since March 2020, while the 30-year bond had plunged even more.Those losses are nearly in line with stock-market losses seen during the worst crashes of recent stock market history — when equities slumped 49% after the dot-com bubble burst and 57% in the aftermath of the financial crisis of 2007-2008.Compared with previous bond-market meltdowns, long-term Treasurys are seeing one of the most extreme collapses in history. The losses are twice as severe as those seen in 1981 when 10-year yields neared 16%.With prices plunging and yields at decade highs, lets look at who feels the pain from the bond selloff.Patrick's Books:Statistics For The Trading Floor:  https://amzn.to/3eerLA0Derivatives For The Trading Floor:  https://amzn.to/3cjsyPFCorporate Finance:  https://amzn.to/3fn3rvCPatreon Page: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://buymeacoffee.com/patrickboyleVisit our website: www.onfinance.orgFollow Patrick on Twitter Here: https://twitter.com/PatrickEBoylePatrick Boyle YouTube Channel Support the show

In this episode, Scott shares some thoughts on a WSJ article – “Wall Street Isn't Sure It Can Handle All of Washington's Bonds Investors long shrugged off U.S. deficits, but a torrent of Treasurys is testing the bond market.”

In this Real Estate News Brief for the week ending August 5th, 2023... the government's debt rating get a downgrade, typical mortgage payment rises, and wind risk data is now available on a popular listing website.   Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.   Economic News   We begin with economic news from this past week that features a downgrade on U.S. government debt. The Fitch credit rating agency lowered the U.S. government's debt rating one notch, from AAA to AA+ saying the downgrade reflects “expected fiscal deterioration” that includes a rising amount of government debt and repeated problems with “governance” because of all the debt-ceiling battles in Congress.   The government still has a triple-A rating from Moody's but now has “two” AA+ ratings. The S&P had downgraded U.S. government debt to a AA+ rating 12 years ago, in 2011.   As for what kind of debt we can expect in the future, a strategist at Bank of America says U.S. government debt will rise $5.2 billion every single day for the next decade. At that pace, U.S. debt will outpace U.S. economic growth. The Congressional Budget Office is estimating that debt held by the public will reach 118.9% of the GDP by 2033. That's up from 98.2% this year.   Although the downgrade triggered a stock market selloff, Warren Buffett isn't too worried. He said: “There are some things people shouldn't worry about, and this is one of them.” Buffett told CNBC that the downgrade won't impact Berkshire Hathaway's Treasury-buying plans. The conglomerate has been buying about $10 billion a week in Treasurys, for at least three weeks in a row.   Fitch also issued credit downgrades for Fannie Mae and Freddie Mac because higher interest rates have not resulted in lower home prices. Freddie Mac's chief economist, Sam Khater, said in a statement: “Despite higher rates and lower purchase demand, home prices have increased due to very low unsold inventory.”   Officials at the Federal Reserve are sounding more confident that the U.S. might return to the 2% level of inflation without a recession. Minneapolis Fed President Neel Kashkari said in an interview: “Right now, the base-case scenario seems to be that we'll have a slowing economy, but that we would avoid a recession. And I hope that it's true.” Chicago Fed President Austan Goolsbee also believes the central bank can achieve a “soft landing” which he said would be a “historic triumph.” Neither one offered any clues on whether we'll need another rate hike in September.   Meanwhile, initial jobless claims did float higher this last week They increased about 6,000 from a five-month low to a total of 227,000 applications. As reported by MarketWatch, the slight increase doesn't point to a rising number of layoffs however. The job market is still strong. Continuing claims were also a bit higher. They were up 21,000 to a total of 1.7 million, but the data indicates that most of the laid-off workers are finding new jobs quickly.   Job listings declined slightly in June. The Labor Department says they decreased from 9.62 million to 9.58 million. There was also a drop in the creation of new positions but wages are still high, and the unemployment rate declined from 3.6% to 3.5%. The data might show a little slack in the job market, but overall, it's still on the tight side.   Money spent on construction was higher in June. The Commerce Department says it rose .5% overall to $1.94 trillion. As for private residential construction, spending for single-family construction was up 2.1% and for multi-family, 1.5%.   Mortgage Rates   Mortgage rates are still hovering around the 7% level. Freddie Mac says the average 30-year fixed-rate mortgage was up 9 basis points to 6.9%. The 15-year was up 14 points to 6.25%.   In other news making headlines…   Typical Monthly Mortgage Payment   The typical monthly mortgage payment is up about 20% from a year ago. That's due to a combination of higher mortgage rates and continually rising home prices. Redfin says the U.S. home sale price is up 3.2% year-over-year and the typical monthly mortgage payment is $2,605.   In a home buying activity report by Redfin the data shows that mortgage purchase applications for the last week of July were down 3%; that a request for home tours on Redfin and other home buying services were down 4% from a month earlier; and that Google searches for home for sales were flat during the same time and down 4% year-over-year.   New Wind Risk Data on Redfin   Redfin also announced the addition of wind risk data on listing pages. With concern growing about the impact of climate change on our environment, homebuyers can now see how individual properties might be vulnerable to wildfires, flooding, intense heat, and high winds.   Redfin uses data from First Street Foundation's Wind Factor, to rate properties on how likely they are to suffer wind damage from hurricanes. It also factors in the risk of it happening over a 30-year span, due to the typical length of a residential mortgage.   That's it for today. Please visit newsforinvestors.com to keep up with all the real estate news, and hit the “Join for Free” button to become a member of RealWealth. You'll get access to all our real estate data on markets that make sense for investors. And please remember to hit the subscribe button for this podcast, and leave a review!   You can also follow me on instagram, and learn how to create financial freedom from my audiobook, Retire Rich with Rentals.   Thanks for listening. I'm Kathy Fettke...   Links:   1 - https://www.marketwatch.com/story/mortgage-rates-rise-as-fitch-downgrades-u-s-government-debt-6d049644   2 -  https://www.marketwatch.com/story/the-u-s-debt-will-rise-by-more-than-5-billion-every-single-day-for-the-next-decade-775ed38d?mod=economy-politics   3 - https://www.marketwatch.com/story/warren-buffett-dismisses-fitch-downgrade-there-are-some-things-you-shouldnt-worry-about-f20a4482   4 - https://www.marketwatch.com/story/kashkari-says-fed-pulling-off-soft-landing-would-be-a-resounding-positive-outcome-77b581d3   5 - https://www.marketwatch.com/story/richmond-feds-barkin-says-inflation-remains-too-high-expects-economy-to-slow-f72776d4?mod=inflation   6 - https://www.marketwatch.com/story/jobless-claims-inch-up-to-227-000-but-show-no-sign-of-rising-layoffs-bd103957?mod=economy-politics   7 - https://www.marketwatch.com/story/job-openings-in-the-u-s-little-changed-at-9-6-million-e2fe3eb9?mod=economy-politics   8 - https://www.marketwatch.com/story/u-s-adds-187-000-jobs-in-july-and-points-to-slowdown-in-hiring-f24ac81f?mod=home-page   9 - https://www.marketwatch.com/story/u-s-construction-spending-rises-in-june-6a4047a4?mod=economic-report   10 - https://www.freddiemac.com/pmms   11 - https://www.redfin.com/news/housing-market-update-monthly-mortgage-payments-near-record-high/   12 - https://www.redfin.com/news/redfin-adds-wind-risk-data-for-u-s-homes/

Stocks rose for a fourth straight day, with the S&P and Nasdaq closing at their highest levels of 2023, and Jim Cramer is breaking down what's driving this week's rally. First, Palo Alto fell yesterday after Microsoft announced it would be expanding its cyber security offerings - Cramer talks to Palo Alto CEO Nikesh Arora about what it means for the sector. Then, long-term treasurys have been struggling but Cramer is going Off The Charts to see if the fixed income asset can rally after a sustained downturn. Plus, Cramer outlines more winners from various federal spending bills. Mad Money Disclaimer

Welcome to “The Chopping Block” – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest crypto news. This week, the crew is joined by Goldfinch co-founder Blake West to talk about the momentum around asset tokenization. Whether it's private credit (what Goldfinch specializes in) or U.S. Treasurys (what Robert's new venture Superstate will tackle), real-world assets (RWAs) are en vogue among the crypto set. What's driving this fresh interest in an old concept that has failed to take off? Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform. Show highlights:  how Blake got into RWAs why Robert launched his new company Superstate why Robert hates the term “real-world asset” why the only actual RWA in the blockchain space is the U.S. dollar, aka stablecoins why other non-native crypto assets have struggled to migrate onto blockchains how having on-chain T-bills could push demand for stablecoins why private credit is a good thing to bring on chain, according to Blake what the not-so-obvious benefits of bringing these things onto blockchains are whether Arkham's model of de-anonymizing people goes against the ethos of crypto Hosts Haseeb Qureshi, managing partner at Dragonfly  Robert Leshner, founder of Compound Tom Schmidt, general partner at Dragonfly  Tarun Chitra, managing partner at Robot Ventures Guest: Blake West, cofounder of Goldfinch Disclosures Links Unchained: Compound Founder Creates ‘Superstate' to Bridge TradFi and Blockchains Arkham Launches Bounty Marketplace to Trade Crypto Wallet Intel MakerDAO Mulls Proposal to Allocate $750 Million More to US Treasuries MakerDAO Has Brought in Real World Assets. Is It Worth the Risk? CoinDesk: Tokenized U.S. Treasurys Surpass $600M as Crypto Investors Capture TradFi Yield Learn more about your ad choices. Visit megaphone.fm/adchoices

The $24 trillion market for U.S. Treasurys — i.e., federal government debt — is the deepest and most liquid bond market in the world. It’s a linchpin of the global financial system and impacts consumer credit too. It also happens to be what’s at risk in the unfolding debt limit debacle. Plus, cities anticipate big Memorial Day crowds and the mermaiding industry preps for a wave of business.

The $24 trillion market for U.S. Treasurys — i.e., federal government debt — is the deepest and most liquid bond market in the world. It’s a linchpin of the global financial system and impacts consumer credit too. It also happens to be what’s at risk in the unfolding debt limit debacle. Plus, cities anticipate big Memorial Day crowds and the mermaiding industry preps for a wave of business.

A Senate hearing on recent bank failures turned into a prickly confrontation between bank executives and lawmakers. Former leadership for Silicon Valley, Signature, and First Republic Banks were hammered by lawmakers about why their banks collapsed. And there wasn't a lot of agreement on the cause. Bank executives blamed the government and the media, while lawmakers blamed mismanagement and greed.   Hi, I'm Kathy Fettke and this is Real Estate News for Investors. Please remember to subscribe to this podcast and leave us a review.   Silicon Valley Bank made the biggest splash as the first bank to fall with about $210 billion in assets. Signature bank had about $110 billion when it was seized by regulators. They were the third and fourth largest banks in the U.S. so their failures raised huge concerns about the impact on the entire financial system. First Republic went south and teetered for a few months after it lost billions in deposits, and was largely taken over by JPMorgan.   SVB CEO Blamed a Series of “Unprecedented Events”   In a joint session before the Senate Banking Committee, former Silicon Valley Bank CEO Greg Becker pointed a finger at the federal government, saying the bank's failure was the result of a series of “unprecedented events.” He testified that: “With near zero-percent interest rates and the largest government sponsored economic stimulus in history, more than $5 trillion in new deposits flooded into commercial banks. By the end of 2020, SBV had grown 63 percent over the prior year, and in 2021, SVB's assets grew another 83 percent to $212 billion.” (1)   He also pointed out that during the pandemic, when inflation started to become an issue, the Federal Reserve insisted that inflation was “transitory” and that interest rates would remain low.   Massive Bank Run at SVB   The bank's collapse largely happened after a decision to invest more than half of the bank's loan portfolio into fixed-income Treasury securities, when interest rates were low. They are considered “low risk” but they are also impacted by interest rate hikes. When interest rates blew up to fight inflation, the value of SVB's portfolio shrank and that forced the bank to sell at a $2 billion loss. When news spread about the bank's situation, depositors became concerned about accessing their funds and the bank experienced a massive bank run.    Media Misconceptions   Becker also blamed the media for comparing the March 8th failure of Silvergate Bank to Silicon Valley Bank. He told lawmakers that the two banks had completely different business models, and said: “Rumors and misconceptions quickly spread online, culminating on March 9th with the first-ever social media bank run leading to more than $42 billion in deposits being withdrawn from SVB in 10 hours, or $1 million every second.”   Two More Dominoes to Fall   Former Signature Bank Chairman Scott Shay was miffed that his bank was seized by New York State regulators on March 12th. He insisted that the bank would have survived that bank run. He argued: “We were at all times solvent and well-capitalized, and even with the sale of our available-for-sale securities, we still would have remained well capitalized.”   Former First Republic CEO Mike Roffler also blamed social media and news stories for inciting panic among depositors along with technology that allows for fast-paced digital withdrawals. Roffler told lawmakers: “The contagion spread very quickly and panic is very hard to control.” (2)   Lawmakers Blame Mismanagement, Greed   But lawmakers also took the conversation in a different direction, criticizing bank leaders for millions of dollars in bonuses and personal stock sales ahead of the failures. Senator Sherrod Brown ripped into Becker saying: “Workers face consequences, executives ride off into the sunset. Only in corporate boardrooms can you run your business into the ground, take the whole economy along with you and come out ahead. We can't let that happen again.”   Some lawmakers said that bank executives could have reduced the risk by hedging their portfolios, but that they, instead, placed profits ahead of safety. As explained in a Washington Post article, Silicon Valley Bank had financed short-term liabilities with long-term debt. It seemed like a no-brainer when interest rates were low, and to be fair, there was a lot of talk about interest rates remaining low for a very long time. But when the Fed started hiking rates, the value of those Treasurys went down. Lawmakers say the bank could have swapped those longer-term notes for one with shorter-terms that match the duration of the bank's liabilities. But they say the banks didn't do that because it would have been more expensive. (3)   Sharp Words from Some Senators   The session became downright nasty at times. Senator John Kenney of Louisiana had sharp words for what he called SVB's “stupidity.” He told Becker: “You made a really stupid bet that went bad, didn't ya? And the taxpayers of America had to pick up the tab for your stupidity, didn't they?” (4)   He continued saying: “No, this wasn't unprecedented. This was bone-deep, down-to-the-marrow stupid. You put all your eggs in one basket and unless you lived on the International Space Station you could see that interest rates were rising and that you weren't hedged.”   Let's hope we've seen the last of this kind of banking madness. You can read more about this by following links in the show notes at newsforinvestors.com.    I always encourage listeners to hedge their own financial empire with real estate. You can learn how to invest in rental properties at RealWealth. Becoming a member is free and will give you access to all our educational material as well as our investor portal with valuable data on rental markets, sample properties, and help from our investment counselors who can answer your questions. Just hit the “Join for Free” button.   And please remember to subscribe to this podcast!    Thanks for listening! Kathy Fettke   If you're a RealWealth member, just sign into the portal and look for DealCheck under the Resources tab. If you aren't a member, it's free and easy to sign up. And, please remember to subscribe to this podcast!   Thanks for listening! Kathy    Links:   1 - https://commercialobserver.com/2023/05/svb-signature-ceos-blame-federal-govt-media-bank-failures/   2 - https://www.forbes.com/sites/dereksaul/2023/05/17/lawmaker-blasts-first-republic-chief-you-were-one-of-3-worst-run-banks-in-us/?sh=256ad3e18d07   3 - https://www.washingtonpost.com/business/2023/03/15/svb-s-fateful-mistake-could-be-lurking-in-your-401-k/0f139944-c31b-11ed-82a7-6a87555c1878_story.html 4 - https://www.cnn.com/2023/05/17/investing/premarket-stocks-trading/index.html

This week's Whaddya Wanna Know Wednesday comes with a bonus News Fix! We'll get into the ripple effects of the Silicon Valley Bank collapse on the U.S. Treasury debt market and on international banks like Credit Suisse. Then, we'll answer your questions about the FDIC insurance limit and the “moral hazard” risk involved in covering all SVB deposits. Here’s everything we talked about today: “Market Stress Snarls Trading in U.S. Treasurys” from The Wall Street Journal “Bank Chaos Clouds Outlook for Markets” from The Wall Street Journal “Swiss Regulators Offer Financial Lifeline to Credit Suisse” from The Wall Street Journal “The FDIC was created exactly for this kind of crisis. Here’s the history” from NPR “Regional banks rush to reassure customers after SVB failure” from Marketplace History and Timeline of Changes to FDIC Coverage Limits from American Deposits “Who’s responsible for paying the failed banks' depositors?” from Marketplace “Experts flag moral hazard risk as U.S. intervenes in SVB crisis” from Reuters “Will the FDIC’s move to cover uninsured deposits set a risky precedent?” from NPR Our March fundraiser ends Friday. Help us meet our goal this week so we can cover our costs and plan for the future: https://support.marketplace.org/smart-sn

The S&P rose as the Dow and Nasdaq fell in volatile trading as investors weighed the impact of the Silicon Valley Bank failure. First, Cramer's digging deeper into the banking collapse that shifted the market - what was behind the bank's downfall and where investors go from here. Then, treasurys have also been moving in the aftermath of SVB - Cramer's going Off The Charts to find out where they might be headed next. Plus, Cramer's exclusive with Cullen/Frost CEO Phillip Frost to break down the financials in SVB's wake.Mad Money Disclaimer