Wed, 2 September 2020
567: K-Shaped Recovery, Inflated, How Money & Debt Built the American Dream by R. Christopher Whalen
Jason Hartman talks about the K-Shaped recovery. Are we moving to a smaller economy? Can Biden kill the 1031 exchange, and use those tax funds elsewhere? How will this impact every aspect of real estate surrounding investor deals? Jason interviews Chairman of Whalen Global Advisors LLC, R. Christopher Whalen. Whalen speaks on location changes of people and businesses due to Coronavirus. Not only are business locations changing, but companies have been forced to move away from the “old way” of doing business and finally adapting to innovations in technology and communication. Whalen also gives a glimpse into his recent book and discusses the fed’s strategy to steer clear of deflationary times. Will we see consequences from the creation of money and bailouts? Books: Inflated, How Money & Debt Built the American Dream by R. Christopher Whalen Key Takeaways: [1:00] Jason talks about the recovery shapes: are we moving into a smaller economy? [5:00] Businesses going virtual. [9:20] Biden wants to kill the 1031 exchange. [15:00] Could Biden use the elimination of the 1031 exchange as a way of embarrassing Trump? R. Christopher Whalen [21:00] Not only are people leaving big cities, like NYC, because of COVID-19, but large companies are also looking to move so that they can relocate the people that work within them. [23:30] Coronavirus has forced businesses to move out of “the old way.” [27:50] A brief history of banking, from Abraham Lincoln to present. [30:20] Before the creation of The Fed, J.P. Morgan was essentially the central bank. [32:00] Whalen breaks down how he differentiates between inflated as he puts it and inflation. [37:15] Will we see any consequences from the creation of money and bailouts? [38:00] Quantitative Easing: central banks buy government bonds or other financial assets to inject money into the economy to expand its activity. Websites: www.JasonHartman.com/properties Jason Hartman PropertyCast (Libsyn) Jason Hartman PropertyCast (iTunes) 1-800-HARTMAN
Direct download: HS_567_K_Shaped_Inflated_How_Money__Debt_Built_the_American_Dream_by_R._Christopher_Whalen.mp3
Category:general -- posted at: 3:11pm EDT |
Wed, 2 September 2020
What are consumer advocates doing right now? Jason Hartman talks with the executive director of Consumer Federation of America, Jack Gillis, about where his focus is right now. With COVID-19 playing such a large role in every aspect of business, it's no wonder that there have been a large number of related scams introduced in 2020. As well, Jack and Jason talk about the less obviously affected industries from COVID-19 associated problems, like the automotive industry and it's struggles due to the lack of car accidents. Finally, these two discuss possible solutions for media concentration and the issues with big tech's ever-growing power and influence. Key Takeaways: [3:25] What is the state in consumer advocacy in the world today? [7:15] COVID-19 has provided ample opportunity for scammers. [11:00] Jack discusses the importance of credit rating and how COVID forbearances should not have a negative impact on them. [15:15] There is no fundamental responsibility for investment advisors or financial advisors to operate as true fiduciaries. [16:45] A debate for the ages, do regulations make it impossible for startups to compete with companies that have solid footing? [19:25] The accident rate for automobiles has gone down exponentially, which in turn is causing a negative side effect on the automotive industry. [23:45] Is there a solution for media concentration? [25:40] The big tech has become too big. Websites: 1-800-HARTMAN |
