Episode 114

Published on:

10th Feb 2023

Jobs Report Crushes Dreams, China Spying and Toilets, Glizzies and Heathers

Employers added more jobs in January than expected, while the unemployment rate fell to a 53-year low, underscoring the resilience of the labor market despite the Fed's aggressive tightening campaign. ⁣ Nonfarm payrolls increased 517,000 last month after an upwardly revised 260,000 gain in December. The figure beat all estimates from economists, who called for a 188,000 gain in payrolls. The unemployment rate dropped to 3.4%, the lowest since May 1969, and average hourly earnings grew at steady pace.

In this episode of The Higher Standard, Chris and Saied examine this news, and determine the effect this will have on the economy as a whole.

They discuss ARK Investment Management CEO Cathie Wood’s comments that ARK is "the new Nasdaq," adding that her flagship fund now gives investors better exposure to long-term innovation than most of the market’s most popular growth stock benchmarks.

Chris and Saied look at a report stating that benchmark 10-year U.S. Treasury yields hit four-week highs after the recent employment numbers raised expectations that the Fed's rate hikes will not end with a hard economic landing, and that the U.S. central bank may have more than one more rate increase left.

They also offer some thoughts on Blackstone's plans to ramp up evictions to help its struggling real estate investment trust.

Join Chris and Saied for this fascinating and informative conversation.


What You’ll Learn in this Show:

  • Why wages aren't keeping up with inflation, and what the next stage of the Fed's pivot might look like.
  • Why the world’s largest cryptocurrency exchange is temporarily suspending deposits and withdrawals of US dollars.
  • Why FTX debtors are calling on politicians, parties and PACs to return tens of millions in campaign contributions.
  • The definition of a depreciation amortization benefit.
  • And so much more...


"US adds 517,000 jobs in January, far exceeding economists forecasts" (Bloomberg Business via Instagram)

"Jobs Report Tells Markets What Fed Chairman Powell Tried to Tell Them" (article from Barron's)

"A New Supercycle Is Starting, Says This Macro Strategist. How to Invest." (article from Barron's)

"Cathie Wood says AARK is "the new Nasdaq" (Bloomberg Business via Instagram)

"Binance to Suspend US Dollar Transfers Using Bank Accounts" (article from Bloomberg)

"TREASURIES-Yields hit four-week highs, Fed expected to hike above 5%" (article from Yahoo! Finance)

"Blackstone ramps up tenant evictions" (TheRealDeal 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.

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.