Creating Wealth Real Estate Investing with Jason Hartman CW 1054 - Wage Increases, Interest Rates, Slowing Home Prices, Jobless Claims
Jason Hartman takes aim at some important news in today's episode. The episode begins with a look at the first real wage increase in years, and how that may impact interest rates moving forward. Then Jason discusses his idea of "Economic Berlin Walls", jobless claims, communism vs capitalism, "Personal Keynesianism", and jobless claims.
Key Takeaways:
[1:18] Wage increases are contributing to rising interest rates
[3:39] The trade wars impact on interest rates
[8:14] Looking back at the times in his life when he was financially strapped, Jason realized that consumer goods used to be WAY more expensive than today
[12:17] Housing price increases are slowing
[15:04] States are building "Economic Berlin Walls" to try and keep their residents for tax purposes
[17:45] Jobless claims have hit a 49 year low
[22:45] Karl Marx, indirectly responsible for the death of 150+ million people thanks to his communist ideas
[28:19] Globalism may have hurt the American worker more than anything else
[36:25] "Personal Keynesianism": Where you prime your own pump by having access to easy credit
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