Slowdown Signals Cooling Economy, SBF Will Die In Jail & 3 Amazing Reviews

Nov 10, 2023

The podcast discusses topics like mortgage demand dropping, hiring slowdown, and where to invest. They also dive into Sam Bankman-Fried's conviction on federal charges. The hosts share humorous banter, talk about housing affordability, signs of cracks in the economy, investing in Vanguard funds, and the conviction and sentencing of Sam Bacon Fried for fraud in the crypto industry.

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ANECDOTE

Buying a Car During Economic Uncertainty

Christopher Nihibi shared his personal guilt about buying a new $87,000 Rivian during economic uncertainty.
He struggled with perception due to layoffs at his day job but proceeded due to prior deposit and practical reasons.

INSIGHT

Bond Market Mimics Rate Hikes

Rising bond yields act like an unplanned rate hike, pressuring the economy further.
The Federal Reserve may not need to raise rates more as bond market dynamics do the job.

INSIGHT

Economic Slowdown Signals Cooling

Economic indicators like rising unemployment, slowing wage growth, and falling mortgage demand signal cooling.
These shifts align with Fed goals to reduce inflation by slowing economic momentum.

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Let's not mince words here, we got three spectacular reviews and they were the highlight of our night. Thank you to the listeners who made this episode extra special. The episode of The Higher Standard podcast is a ton of fun at every stop. The boys briefly touch on mortgage demand dropping to approximately 50% of pre-pandemic levels, a sharp slowdown in hiring and where to put your money while all this is going on. Saied couldn't resist diving head first in to Sam Bankman-Fried's most recent conviction on all seven federal charges against him and both Chris and Haroon show no sympathy. Make sure to stay tuned all the way to the end when the guys are simply at a loss for words.

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Resources:

Mortgage demand is now down 50% from pre-pandemic levels (The Kobeissi Letter via X)

Sharp U.S. Hiring Slowdown Signals Cooling Economy Ahead (Wall Street Journal)

If Interest Rates Are Peaking, What Investments Are Likely to Do Best? (Wall Street Journal)

Sam Bankman-Fried Is Convicted of Fraud in FTX Collapse (Wall Street Journal)

Sam Bankman-Fried found guilty on all seven criminal fraud counts (CNBC)

Desperately Faking Riches: Inside A Hong Kong Businessman’s Outlandish Efforts To Get On The Forbes Billionaire List (Forbes)

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