What All This Debt Could Mean For You

Nov 3, 2023

Unpacking the outstanding mortgage market by rate and exploring the tenuous business for lenders and employees. Chart work reveals the current state of the consumer credit market. Americans' net worth at every age is also examined. The impact of debt on the mortgage industry and government intervention. The rising interest rates on credit card debt and the Fed's inflation target are discussed. Struggles and frustrations with social media and the politicization of information.

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Introduction

00:00 • 2min

Teaching Kids About the Negative Effects of Sugar and Outstanding Mortgage Data

02:17 • 2min

Society's acceptance and Elon Musk's dating service

04:03 • 4min

Mortgage Rates and Homeowners

08:05 • 6min

Recession Definitions and Government Influence

14:21 • 18min

The Impact of Low Interest Rates on the Mortgage Industry

32:37 • 4min

Playing the Long Game and Mortgage Industry Employment Decline

36:17 • 3min

The Impact of Debt on the Mortgage Industry and Government Intervention

39:12 • 2min

Discussion on Debt and a Brief Interruption by a Sponsor

41:03 • 3min

The Impact of Rising Interest Rates on Credit Card Debt

44:05 • 14min

The Fed's Inflation Target and Rate Hikes

58:16 • 12min

Struggles and frustrations with social media

01:10:13 • 14min

Chris, Saied and Haroon unpack the outstanding mortgage market by rate before hopping in to an example of how tenuous the business has become for lenders and their employees. Then they dive in to some chart work with sexy visual stimulus regarding the current state of the consumer credit market. To round off the show ahead of jumping in to Saied's self-inflated basketball ego, they boys take a look at Americans' net worth at every age.

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Resources:

Outstanding mortgages by their mortgage rates (Kobeissi Letter via X)

The Mortgage Market Is So Bad Lenders Want Ex-Employees to Give Back Their Bonuses (Wall Street Journal)

Credit card balances in the U.S. have crested at $1 trillion (CNBC Chart of the Day via Instagram)

Here’s Americans’ net worth at every age—for people under 35, it’s up 142% (CNBC)

Fed's preferred inflation gauge shows biggest monthly jump since May (Yahoo! Finance)

M&A to explode in 2024 as roughly 1,200 companies are expected to run out of money (Yahoo! Finance)

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