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Episode 162

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Published on:

28th Jul 2023

Recession Odds Are A Joke & Saied Is Basically Drake

In Episode 162 of The Higher Standard Podcast, Chris, Saied and Haroon discuss why they believe a majority of US Economists are wrong about their predictions on whether or not the US will be entering a recession. They explain how analysts track and predict earnings for US publicly traded companies and how A.I. has impacted this space. They dive in to earnings from American Express and how it showcases record spending. Chris takes it a step further by shedding light on the human condition of wanting to believe in optimism while some at JPMorgan believe the time to sell is still now. They round out the show by examining Tesla’s new 84-month financing option and stand their ground on why that would be a terrible option for you. We hope you enjoy because we did!

Resources:

American Express earnings show record spending: 'The U.S. consumer just looks really strong.' (Market Watch)

Economists See US Recession Odds at 50% or Less in New Survey (Bloomberg)

JPMorgan's Kolanovic Sticks to Stock Selloff Call Even as Market Defies Gloom (Bloomberg)

Blame the Fed? Tesla offers 84-month financing (Yahoo! Finance)

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.