Episode 177

Published on:

19th Sep 2023

Inflation, Income, Home Prices & A 3 Star Review

With an uncharacteristically early recording time, the boys come in extra hot and caffeinated. Saied finally admits to being 1 of the podcast's one star reviews; however, the show did receive a real, legitimate 3 star review from a listener. We wanted to address it head on and talk about the data behind the insurance position which upset someone. They, of course, save the expletive filled rage for the end of the show. This episode covers all the underlying detail of the latest inflation print which continues to show that the real cost of living is likely higher for most consumers. Then Chris and Saied pivot to an article on banks having $1.2 trillion dollars in "hot" deposits which they believe signals a much larger concern. Home prices according to Zillow seem to suggest that there have been tremendous gains still despite even some areas having lived through minor corrections in recent months. What does this mean? Saied and Chris will tell you their thoughts. Make sure to stay tuned all the way to the end because this one gets extra sassy in the last quarter of the show.


Here’s the inflation breakdown for August 2023, in one chart (CNBC)

Banks Load Up on $1.2 Trillion in Risky ‘Hot’ Deposits (Wall Street Journal)

Real incomes fell last year. No wonder Americans were bummed out (Axios)

Home price shift, as tracked by the Zillow Home Value Index (ZHVI) (Lance Lambert via X)

August core inflation, excluding food and energy, rose 0.3%, hotter than expected (CNBC)

Fears over access to credit hit highest level in more than a decade, New York Fed survey shows (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.

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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.