Fri, 13 April 2018
Jason wraps up his interview with Macro Watch's Richard Duncan. The two tackle the topic of rising interest rates, better uses for going into further debt than giving it to tax reform, how the Fed will react to a tanking stock market, and what we can expect to see over the next few years.
[00:45] What people don't realize about interest rates
"People buy houses on a payment, not a price"
[1:56] What the Fed will do if the market drops 10% and what else will happen if it drops 20%
[5:15] What Richard wishes the government had done with the $1 trillion in new deficits that will occur from the new tax reform
[9:50] Why Richard thinks the government can invest as wisely as private companies
[14:16] What are the next few years going to look like?
[16:49] People need to get very familiar with quantitative tightening
Sat, 7 April 2018
Jason Hartman welcomes Richard Duncan back to the show to discuss what's going on with fiscal policy and interest rates right now. In the first half of the interview Richard talks about how the trade imbalance with China has enriched the nation and brought millions out of poverty, as well as how the general public has no idea how much the Fed is actually tightening, and how that will impact interest rates.
[2:45] Jason's theory on asset inflation and what it means if the millennials don't join the investor class like the baby boomers did
[5:22] Why the future from an Asian perspective is much brighter than from a US perspective
[7:31] Who's gotten the better end of the China/US trade imbalance?
[13:08] Richard believes the Fed is tightening more than people are understanding
[17:17] The Fed has been destroying at least $10 billion a month since October 2017 and it's going to get bigger
[19:52] The Fed will have destroyed $1 trillion by the end of 2019 if they follow through on their announced plan
[22:01] Is the Fed likely to make a course correction if rates go too high?
Fri, 30 March 2018
Jason Hartman takes a deep look into ICOs and what it takes to fundraise for them. Shane Liddell is CEO at Cryptologist & co-founder of the Cryptoconomy Summit, and he provides insight into how fundraising has changed recently, how to properly spend money to raise money for your ICO, and how to overcome marketing problems created by big companies such as Google, Facebook, and Twitter when they banned crypto ads.
[4:28] How do you raise money for a cryptocurrency?
[8:18] How much does it cost to do an ICO?
[12:12] Marketing troubles now that companies like Google, Facebook, and Twitter have shut down cryptocurrency advertising
[17:29] What's the minimum for an ICO?
[20:40] What do you actually spend the money on when you're raising money?
[22:46] How do you market ICOs when big companies are shutting you out?
[28:25] How you must always approach an ICO
Fri, 16 March 2018
It's time to take another deep look into rates and ways to finance your properties. Jason talks to lender Aaron about what's going on in regards to rates today, how it's been changing in the last few months, and where to expect it to go in the future.
The two discuss how higher interest rates don't necessarily mean your investments can't make sense. Higher rates also mean more write offs on your taxes, plus your tenant is still paying your debts. So you might have lower cash flow, but it can still be a great inevstment that gets better over time with your locked in rate.
[5:05] Every new regulation requires someone be hired to make sure the lenders are adhering to it, which raises costs
[7:08] What kind of rates can you get today with 20% down?
[10:16] Are people still taking out adjustable rate morgages for investment properties?
[13:02] You need to get your mindeset right when it comes to your real estate business. It's not always strictly about the cash flow
[18:47] The inverse correlation between bonds and rates
[20:49] The best strategy ever is to lock in as many 30 year fixed rates as possible
Sun, 11 March 2018
Jason Hartman welcomes William Cohan, New York Times columnist, special correspondent for Vanity Fair, former contributor to Bloomberg View, and author books such as Why Wall Street Matters, The Last Tycoons, and House of Cards.
William tells Jason his views on the Trump administration, why Donald has had a hard time draining the swamp and who really is to thank for the low unemployment rate and the steady economy.
[1:13] The Trump administration, leverage and cleaning out the gears of the machine that is the US economy.
[7:24] A grand bargain with Wall Street would mean revamping much of its incentive system.
[13:40] Draining the swamp is harder to do than it looks.
[13:23] What we should expect out of the economy and employment.
Fri, 2 March 2018
In the final part of Jason's interview with Andrew Zatlin, the two take a look at whether the future of our economy is inflationary or deflationary. The two also look at the impact of technology on inflation, how it impacts the rental markets, and where the volatility in our economy will be in 2018.
Disclosure: this interview was recorded prior to the GOP Tax Reform being written and passed
[1:17] The proof in the inflation pudding is shipping costs
[6:32] The economy is strong in the background
[8:16] Warehousing had a huge impact on the start of the internet
[10:55] When you reach the point where payroll and population growth are the same you don't get wage inflation
[15:20] When housing affordability is low and prices soften, the rental market strengthens
[19:15] Where 2018 volatility will come from
Fri, 23 February 2018
In the first part of Jason Hartman's interview with Moneyball economist Andrew Zatlin, the two of them take a deep look at what's going on in the housing market through the lens that Andrew uses. He looks at hiring patterns of home builders, and has seen a distinct problem in their search for labor. So many industries are hunting for labor that it's creating a bottleneck.
The two also look at short-term rentals, hotel vacancies, the Fed's monetary policy, and what's creating the demand for housing.
[1:16] Andrew likes to check in with companies about what they're doing in regards to hiring
[3:45] Home builders can't hire enough people right now. The bottleneck is labor because there's a LOT of competition for it
[6:42] One question we need to ask is: what's creating all this demand for housing?
[10:47] The environment today makes it more attractive to buy rather than rent
[16:37] Do short-term rental providers need to worry about oversupply?
[18:56] Hotel vacancy rates tipped into the negatives this past year because of short-term rentals exploding in popularity
[21:36] Demand will create supply, but sometimes supply can create demand
[25:27] The Fed is on a trajectory of tightening
Fri, 16 February 2018
Jason Hartman welcomes Connor Boyack, author of the Tuttle Twins children's book series, and founder of Libertas Insitute, to discuss the need for education about our rights and liberties to be taught to children at a young age. The Tuttle Twin series is aimed at taking important pieces of adult literature and distilling them into key points to emphasize in a way a child can understand.
Jason and Connor dive into subject matter including how government and powerful entities erode our freedoms through fear, whether cryptocurrencies will stick around for the long haul, and how we can actually act to improve our situation.
[2:08] Critical thinking is on the outs in our society
[4:52] The way the system has been set up is totally rigged and takes too much effort to fully understand
[8:50] As a society we have no incentives to change our ways
[10:48] Connor's life as a prepper was not a healthy one, and why he likes cryptocurrency
[14:00] Jason doesn't believe cryptocurrency will truly catch on because it's a director competitor with central banks and governments
[18:14] Will governments shut down cryptocurrencies?
[21:16] The government is eroding our freedoms in the name of "protecting the little people"
[24:49] Some more subtle ways in which our fears are being used against us, such as avian flu, swine flu, Y2K, etc
[28:11] Europe has become a disaster through socialism, immigration, and political correctness
[29:39] Connor's long play to improve society
www.TuttleTwins.com (promo code "liberty")
The flip side of having individual liberty is having personal responsibility and accountability
We are so acted upon, rather than acting
Sat, 10 February 2018
Jason Hartman talks with Daniel Amerman, CFA, about the need for legitimate economic data and whether we can get any of that from the government. The two also take a deep look at our nation's rising debt and what that means for the US currency moving forward.
[2:42] Daniel recently reverse engineered the Congressional Budget Office's long term economic outlooko
[6:32] Is the CBO a credible source of information?
[8:41] Technically there's no such thing as an unfunded liability
[13:47] What does a heavily indebted nation mean for the investor?
[15:57] "It's crucially clear that, when you have a $20 trillion national debt, that interest rates can't rise too much"
[19:48] Why Jason hates hedonic indexes
[23:39] There's a lot of inflation that we either don't see or we don't acknowledge
[28:12] A 2% higher rate of inflation is magic for maintaining financial solvency
[31:23] When everyone learned that stocks were the magic wealth building machine they bid the prices of stocks so high the dividends crashed, which ruined the wealth creation
[34:02] Daniel is a huge fan, not of income property, but of the mortgage
Fri, 2 February 2018
In this 10th episode interview, Jason talks with serial entrepreneur Peter Sage, author of 5 Keys to Master Your Life, about his recent 6 month stay in jail and how he was able to use that as a teaching (and learning) experience for himself, the inmates, and his students.
The two touch on the importance of identity, the need for ego strength & ego drive, what drives people, and more.
[2:29] Peter's latest "adventure" that landed him in jail
[6:55] Identity plays a huge part in how you deal with life
[12:46] Peter's idea of a "contrast frame"
[15:03] Why do people give up at the first sign of adversity? The difference between ego strength & ego drive
[17:14] Most people are driven by G.O.O.P.
[21:37] We need to learn how to love more