Dimon Drops Bombs, Powell Plays Defense, & Housing Still Hurts

Jun 10, 2025

The podcast dives into the drama surrounding Jerome Powell, Trump, and Jamie Dimon's economic warnings. Discover the implications of the political theater on monetary policy and brand reputation, with a touch of sarcasm. The hosts tackle the struggling housing market, discussing the stark reality of affordability and the increasing gap between buyers and sellers. They also reflect on the evolving concept of the American dream, where a hefty salary and a therapist seem essential. Expect humor, insights, and hard truths about today's economic challenges!

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ANECDOTE

Elon Musk-Trump Dispute Strategy

Chris Naghibi theorizes Elon Musk's public squabble with Donald Trump may be a strategic move.
Musk distances from Trump to appease investors and restore Tesla's reputation amid political boycotts.

INSIGHT

Powell's Political Independence

Jerome Powell resists inviting political influence by never requesting Oval Office meetings.
The president inviting Powell is a rare power move emphasizing division between monetary policy and politics.

INSIGHT

Fed's Data Dependency Complexity

The Fed claims policy decisions are based on data and nonpolitical analysis, despite unavoidable political-economic overlaps.
Tariffs and incoming economic developments complicate the Fed's supposed neutrality in rate decisions.

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Jerome met Trump, Trump yelled "Cut Rates," and Powell clutched his “Data Dependent” sign like a life raft. In this episode, Chris, Saied and Rajeil dissect the political theater behind a rare Oval Office showdown between the Fed Chair and the former President. Spoiler: Jamie Dimon’s lurking in the background muttering “I told you so,” and Uncle Elon’s possibly staging a PR divorce from Trump just to win back California Tesla buyers. The guys break it all down — from media optics to real economic implications — with sarcasm, stats, and side-eyes.

➡️ Plus, the housing market's got more cracks than your uncle’s drywall job. A record-breaking gap between sellers and buyers has the guys asking if affordability is even real anymore, or just something we say to feel better. Sprinkle in some hard truths about wage stagnation, a cameo from Saied’s son Adam (who steals the show), and a breakdown of why “the American dream” now requires a \$300K salary and a therapist. This one hits hard — and hits funny.

💥 Have you left your "honest ⭐️⭐️⭐️⭐️⭐️" review?

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🔗 Resources:

Trump meets with Powell, tells him it's a 'mistake' not to lower rates (Yahoo! Finance)

‘It Is Going to Happen’: JPMorgan CEO Jamie Dimon Warns of Crack in the Bond Market (Barron's)

Home Sellers Now Outnumber Buyers in Record Numbers. Here's What It Means for Home Prices (Entrepreneur)

This is why Jamie Dimon is always so gloomy on the economy (CNBC)

Inflation rate slipped to 2.1% in April, lower than expected, Fed’s preferred gauge shows (CNBC)

The No. 1 skill to teach your kid ‘as early as possible,’ says psychology expert—they’ll be successful at ‘pretty much everything’ (CNBC Make It)

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