Episode 178

Published on:

22nd Sep 2023

Fed Meeting, $100 Billion Loss & Saied is RFK, Jr.

Please place all seat back and tray tables in their locked and upright positions, because you're about to go on a long voyage of economic data baby! Saied, Chris and Haroon are back and they have a lot to talk about in this episode. The September 20th Fed announcement hasn't even happened yet and Goldman Sachs is already saying that the Fed is unlikely to raise rates in November. So, naturally The Higher Standard had to chime in to the debate. Chris offers up a questionable segue into why a soft landing could not only be elusive, but then explains why the current Fed Policy is costing the Fed between $100 billion and $200 billion themselves. Chris and Saied then dive down deep in to the dark canyon of a hole that is the inverted yield curve where they discuss the wide spread between the 2-year and 10-year treasuries. Which also happens to be at it deepest inversion since 1981. Haroon provide an elegant hypothetical answer to an intimate personal question and legendary investor Jeremy Grantham is ringing alarm bells.


Fed unlikely to raise rates in November, says Goldman Sachs (Reuters)

Why a Soft Landing Could Prove Elusive (Wall Street Journal)

Fed losses breach $100 billion as interest costs rise (Reuters)

Economist says S&P 500 will sink 40% due to recession (Business News)

Spread between 2- and 10-year Treasuries at deepest inversion since '81 (Reuters)

Legendary investor Jeremy Grantham rang the alarm on stocks and recession, warned about the housing market, and hailed Elon Musk's Tesla. Here are his 10 best quotes from a recent event (Business Insider)

The bond market has broken the longest time ever with a 10-year field, 3 month inversion at 212 days per Bloomberg (Unusual Whales via Instagram) 

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About the Podcast

The Higher Standard
This isn’t a different standard, it’s the higher standard.
Welcome to the Higher Standard Podcast, where we give you ultra-premium, unfiltered truth when it comes to building your wealth and curating the lifestyle of your dreams. Your host; Chris Naghibi is here to help you distill the immense amount of information and disinformation out there on the interwebs and give you the opportunity to choose a higher standard for yourself. Sit back, relax your mind and get ready for a different kind of podcast where we elevate your baseline with crispy high-resolution audio. This isn't a different standard. It's the higher standard.

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About your host

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Christopher Naghibi

Christopher M. Naghibi is the Founder and Chief Executive Officer of Black Crown Inc. and Black Crown Law APC, a disruptive collective of attorneys, property managers, real estate agents and contractors who handle home sales and purchases, commercial and multifamily real estate brokerage, primarily for high net-worth and celebrity clients.

His team has over 20 years of experience, 1000+ satisfied clients, $10 million in recovered costs for clients, and in excess of $20 billion dollars in closed transactions.

As a licensed attorney, real estate broker, general contractor, and now Top 100 podcast host, Chris aims to provide free financial education that allows people to take control and democratize fear in the financial world.