Episode 234

Published on:

18th Jun 2024

GDP, CPI & All The Data You NEED to Know Explained

In this episode of The Higher Standard podcast, Chris, Saied, and Haroon dive deep into the essential economic data impacting today's market. They kick off with the critical information you need to understand about GDP and CPI, highlighting the significance of the latest CPI print.

➡️ The discussion then moves to the US yield curve problem, including its record-breaking inversion of 702 days. The hosts explore the longest streaks of low unemployment, the surge in people working multiple jobs, and the dramatic 47.1% rise in US home prices since 2020. arket shifts, Trump’s trial verdict, and the postponement of the Mike Tyson vs. Jake Paul fight.

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🔗 Resources:

Tomorrow's CPI inflation data is HUGE (Kobeissi Letter via X)

The US Yield Curve (Charlie Bilello via X)

The US Treasury yield curve has been inverted for 702 days, the longest streak in bond market history (Kobeissi Letter via X)

This is one of the longest streaks of low unemployment ever (Investopedia)

The number of people working multiple jobs in the US hit a near-record of 8.4 million in May 2024 (Kobeissi Letter via X)

Home prices in the US are up 47.1% since 2020 (Kobeissi Letter via X)

CEO of Reventure’s interpretation of Realtor.com data (Nick Gerli via X)

Market backs off on hopes for interest rate cuts following strong jobs report (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.

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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.

Follow Chris here as he posts daily: https://www.instagram.com/chrisnaghibi

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.