The Higher Standard

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.

The podcast discusses the Fed leaving rates unchanged, Jamie Dimon's hawkish stance, adjustable-rate mortgage demand jumping nearly 10%, Wells Fargo warning of a 1980s style recession, and the expected increase in M&A activity as companies run out of money.

Unpacking the outstanding mortgage market by rate and exploring the tenuous business for lenders and employees. Chart work reveals the current state of the consumer credit market. Americans' net worth at every age is also examined. The impact of debt on the mortgage industry and government intervention. The rising interest rates on credit card debt and the Fed's inflation target are discussed. Struggles and frustrations with social media and the politicization of information.

U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected, but Chris, Saied and Haroon aren't convinced this is a good thing. They look back at previous recessions and some of the GDP trending before and after declaration to try and determine if the newest GDP print really has any meaning. Mohammaed El-Erian seems to share many of the same fears regarding the impact of rates on the economy and is apparently equally as skeptical of the GDP print. Jamie Dimon then rips central banks a new one for being 100% dead wrong on economic forecasts. Then this dark episode takes a darker turn as The Fed's Raphael Bostic doesn't foresee a rate cut coming until "late 2024." And, for those of you who missed Haroon's desk pop of a Monster Energy mid-show, don't worry, he comes back strong in episode 189 of The Higher Standard. Sponsored By Transcend Company:TRANSCEND your goals! With a telehealth physician directed personalized treatment plan you can get a PERSONALIZED PLAN for Peptide Therapy, Hormone Replacement Therapy, Cognitive Function, Sleep & Fatigue, Athletic Performance and MORE. Their online process and medical experts make it simple to find out what’s right for you. Click the link and start today: http://www.transcendcompany.com/THSPResources:U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected (CNBC)Strong GDP growth isn't a sign the US has escaped a recession, and interest rates are a big headwind to economic activity, top economist Mohamed El-Erian says (Business Insider)Jamie Dimon rips central banks for being ‘100% dead wrong’ on economic forecasts (CNBC)Fed’s Raphael Bostic doesn’t foresee rate cuts coming until ‘late 2024’ (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.

From the very beginning of this data heavy episode Saied is salty, dare we say even – grump!  Come for the discussion on housing affordability versus renting, mortgage rate debates and updates on the National Association of Realtors antitrust lawsuits.  But, stay for the sassy attitude that Saied is bringing to the table.  Listen as Chris and Haroon are attacked at every turn by an unprovoked attack. Sponsored By Transcend Company:TRANSCEND your goals! With a telehealth physician directed personalized treatment plan you can get a PERSONALIZED PLAN for Peptide Therapy, Hormone Replacement Therapy, Cognitive Function, Sleep & Fatigue, Athletic Performance and MORE. Their online process and medical experts make it simple to find out what’s right for you. Click the link and start today: http://www.transcendcompany.com/THSPResources:As mortgage rates hit 8% for the first time in 23 years, affordability continues to fall off a cliff (The Kobeissi Letter via X)There’s Never Been a Worse Time to Buy Instead of Rent (Wall Street Journal)America’s Downtowns Are Empty. Fixing Them Will Be Expensive (Wall Street Journal)Is the ongoing run of Fed rate hikes “taking away the American dream”? This economist says so (Yahoo! Finance via Instagram) Why the housing market is going from tough to terrible (CNN)The 30-year fixed mortgage rate just hit 8% for the first time since 2000 as Treasury yields soar (CNBC)Morgan Stanley makes a bold, tough prediction for home prices next year (The Street)Fastest declining Housing Markets (1-year drop) (The Kobeissi Letter via X)Rocky few months for NAR (The Real Deal via Instagram)Real-Estate Commissions Could Be the Next Fee on the Chopping Block (Wall Street Journal)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.

Your favorite bank CEO, Brian Moynihan is back at it again with a full on contradiction from just a year ago. Chris, Saied and Haroon waste no time calling him to the carpet. Not to be outdone, Peter Schiff pointed out that Bank of America has unrealized losses of approximately $47.8 billion dollars. The boys get in to home sales data which indicate that 2023 may be the slowest year since The Great Recession. Not helping things is the 10-year treasury which just moved above 5.00% for the first time since 2007. All the recession red flags are waving and The Higher Standard podcast is here to give you the raw, unfiltered truth.Sponsored By Transcend Company:TRANSCEND your goals! With a telehealth physician directed personalized treatment plan you can get a PERSONALIZED PLAN for Hormone Replacement Therapy, Cognitive Function, Sleep & Fatigue, Athletic Performance and MORE. Their online process and medical experts make it simple to find out what’s right for you. Click the link and start today: http://www.transcendcompany.com/THSPResources:Big banks are quietly cutting thousands of employees, and more layoffs are coming (CNBC)Bank of America warned consumers they would be pushed to the ‘point of pain’—and CEO Brian Moynihan says we’ve now reached that point (Fortune)BoA lost $47.8 Billion (Peter Schiff via Instagram)Home Sales on Track for Slowest Year Since Housing Bust (Wall Street Journal)10-year Treasury yield breaks above 4.9% for the first time since 2007 (CNBC)Morgan Stanley shares fall over 6% as wealth management results disappoint (CNBC)Oil jumps as Iran increases rhetoric against Israel, US stockpiles drop (Yahoo! Finance)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.

Spoiler alert, it's cheaper to rent than it is to buy in many markets and Chris, Saied and Haroon are here to break it all down. They use the Austin market, which was a major growth market during the pandemic, as a prime example of the stress that may be forcing rental rates further down. They take a break to celebrate some of the nation's top colleges eliminating student loans entirely, but then get back to the apartment market by citing Miami's downward rental trends. Finally, to cap the show, Chris and Saied talk a whole lot of trash about novice syndicators like Brad Sumrok. Oh, and apparently Haroon opens up apple juice jars with his rear end.Sponsored By Transcend Company:TRANSCEND your goals! With a telehealth physician directed personalized treatment plan you can get a PERSONALIZED PLAN for Hormone Replacement Therapy, Cognitive Function, Sleep & Fatigue, Athletic Performance and MORE. Their online process and medical experts make it simple to find out what’s right for you. Click the link and start today: http://www.transcendcompany.com/THSPResources:Mortgage Cost Surge Makes It Cheaper to Rent in Tough US Market (Bloomberg)Austin has over 120K apartments in pipeline (The Real DealSome of the nation’s top colleges are eliminating student loans (CNBC)Miami’s Rental Market Roller Coaster Is Headed Downhill (Wall Street Journal)Multifamily mentor Brad Sumrok built an empire. Now, the cracks are showing (The Real Deal)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.

Saied, Chris and Haroon are back in the lab with a fun filled dive in to the wild swings of CPI, PPI and a full breakdown on whether or not this will ultimately influence the Fed's next meeting. The boys unpack some housing data and similarities to The Great Recession's housing market bubble and today. Sponsored By Transcend Company:TRANSCEND your goals! With a telehealth physician directed personalized treatment plan you can get a PERSONALIZED PLAN for Hormone Replacement Therapy, Cognitive Function, Sleep & Fatigue, Athletic Performance and MORE. Their online process and medical experts make it simple to find out what’s right for you. Click the link and start today: http://www.transcendcompany.com/THSPResources:Consumer prices rose 0.4% in September, more than expected (CNBC)September PPI inflation rises above expectations (The Kobeissi Letter via X)Dollar steady on underlying moderate PPI data, dovish Fed officials (Reuters)Incomes are falling in 17 states. Here's where Americans are falling furthest behind (CBS News)The housing market looks like a bubble, 2008 regulator says (CNN)Goldman Sachs says home prices are now more unaffordable for the average buyer than they were during the 2008 housing bubble. Here are the 2 things they say would have to happen for home prices to crash (Business Insider)Auto-loan interest rates are now at their highest since 2008 (The kobeissi Letter)How this 77-year-old widow lost $661,000 in a common tech scam: ‘I realized I had been defrauded of everything’(CNBC)Housing industry urges Powell to stop raising interest rates or risk an economic hard landing (CNBC)Wholesale inflation rose 0.5% in September, more than expected (CNBC)Fed officials see ‘restrictive’ policy staying in place until inflation eases, minutes show (CNBC)Bankman-Fried was very concerned about his image, including his big hair, ex-girlfriend Ellison testifies (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.

Chris, Saied and Haroon have been building up slowly on our collective knowledge and discussions about the bond market. Well, in this episode we put it all together and talk about how its current status is likely going to impact you and all the news you're hearing. But first, the boys jump in to some compelling financial facts they quote from one of their favorite X pages - The Kobeissi Letter. One of the boys' favorite economists Mohamed A. El-Erian says that "something is likely to break" after the most recent jobs data came out. And, we are in the worst bond selloff since 1787 which allegedly ends the "Free-Money" era. Chris and Saied also lovingly sound off on Internet trolls because it wouldn't be an episode of The Higher Standard without some sassy banter. Resources:The Kobeissi Letter (via X)How much can and should the government borrow? (Bloomberg Opinion via Instagram)The 5% bond market means pain is heading everyone’s way (Bloomberg)‘Something Is Likely to Break’ After Jobs Data, El-Erian Says (Bloomberg)Markets Brief: Will Bond Yields Top 5%? (Morningstar) Long Bonds’ Historic 46% Meltdown Rivals Burst of Dot-Com Bubble (Bloomberg)Worst US Bond Selloff Since 1787 Marks End of Free-Money Era (Bloomberg)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.

Redfin can't cut ties will the National Association of Realtors ("NAR") because they have a monopoly over the Multiple Listing Service or "MLS." The MLS is a database established by cooperating real estate brokers to provide data about properties for sale and it is under the sole dominion and control of NAR. The MLS allows Realtors to see one another's listings of properties for sale with the goal of connecting homebuyers to sellers. There is only one problem, you have to belong to NAR to have access to it. Chris, Saied and Haroon get in to and give you their perspective of how this looming fight may shake out. Saied then pivots to an article by the Wall Street Journal in which they break down the elements of why your home may not be selling. Lastly, Chris goes deep on the Brentwood Airbnb tenant who has refused to leave and has not paid rent in over 540 days that made national headlines. Also, fun fact, Haroon belongs to a very curious WhatsApp thread titled "Sex Talk" which he states he uses the end-to-end encryption service to talk to friends about "sports." Does he have a valid excuse? Tune in to find out...Resources:NAR’t so easy: MLS control means partners can’t make a clean break (The Real Deal)Why Is Your Home Not Selling? 5 Reasons It’s Sitting on the Market (Wall Street Journal)Brentwood Airbnb tenant refuses to leave or pay rent for 540 days (The Real Deal)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.