Emergency Economic Fireside Chat

Aug 13, 2024

The stock market is on everyone's mind as recent declines raise eyebrows. The hosts analyze the shifting economic landscape and question whether the optimism around the 2Y/10Y spread was just a fleeting moment. With soaring U.S. credit card debt and disappointing job growth, discussions heat up around the impending recession. They delve into the intricacies of mortgage rates affecting the housing market and the influence of social media on society's attention spans. Humor and personal anecdotes pepper the serious economic discourse, making it an engaging listen!

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Intro

00:00 • 2min

Navigating Economic Currents

01:33 • 21min

Understanding Mortgage Rates and Housing Market Dynamics

23:01 • 5min

Navigating Real Estate and Investing Trends

27:32 • 13min

Social Media's Influence on Attention and Society

40:48 • 8min

Humor in Economic Reality and Personal Health

49:10 • 3min

Humor in Wellness: A Shared Journey

51:53 • 18min

Support, Banter, and Podcast Engagement

01:09:42 • 2min

Olympic Handball and the Fairness Debate

01:11:30 • 14min

The Showbiz of Politics

01:25:47 • 5min

Exciting New Website Launch Discussion

01:30:40 • 3min

The stock market’s recent nose dive has everyone buzzing, and The Higher Standard crew is here to break it all down. Chris, Saied, and Haroon dig into the fleeting positivity of the 2Y/10Y spread—did it really mean anything, or was it just a tease? Meanwhile, Dave Ramsey’s relentless “buy, buy, buy” mantra gets a skeptical side-eye as the hosts question whether it’s time to pump the brakes instead of the gas.

➡️ As if things weren’t shaky enough, U.S. credit card debt hits a staggering $1.14 trillion, and job growth falls way short of expectations. With unemployment creeping up to 4.3%, the guys explore whether we’re headed for a full-blown recession or just a rough patch. Buckle up—this episode is a wild ride through the latest financial turbulence.

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🔗 Resources:

Caution, Recession Ahead? (Investopedia)

Credit card debt hits record $1.14T (Chart Of The Day)

Job growth totals 114,000 in July, much less than expected, as unemployment rate rises to 4.3% (CNBC)

⚠️ Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.