Jason Hartman talks today about the expansion of credit in the past 50 years and how that's impacted our economy. There's also a look at Trump's war of words with the Fed, why you should stock up on low rate mortgage assets, and why a booming economy is a noisy economy.
Key Takeaways:
[3:40] You should be stocking up on low, fixed rate mortgage assets
[6:56] The modern expansion of credit started somewhere in the 50s
[10:56] The battle between Trump and the Fed is an important one to watch, because the Fed may be tightening too fast
[15:30] Make it part of your 5 year plan to get some shelter from high taxes
[19:22] Rising mortgage rates are like rent control and keeps people in their homes
[20:27] Construction costs have climbed 31% in 6 years
[23:01] A booming economy is a noisy environment
[27:24] Some listener Q&A
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