Episode 171

Published on:

29th Aug 2023

Rolling Recession, Mortgage Rates & Why Saied?

After wasting an hour eating Chick-fil-A, the boys are off to a slow start this episode.  Maybe it was the unnecessary amounts of sodium.  After gaining some traction and coming out of a food coma, Chris dives in to the ideology of a “rolling recession” and what this could mean for you.  They pivot in to an interesting Yahoo! Finance article on the American retailers and restaurants that are bracing for the impact of student loan payments restarting.  Many of these topics we have all covered together before; however, there is more data and probable impacts that can be seen in the economy that should not be ignored.  Chris and Saied navigate through 30-year mortgage rate and mortgage application charts suggesting that the trending is indicative of recessionary stress.  And finally, you all get to hear the coughing that Haroon does behind the scenes which we edit out for your audio pleasure.


The experience-hungry American consumer is already crashing the economy into a ‘rolling recession,’ Oxford Economics says (Fortune)

America's retailers and restaurants brace for a shock from student loan payments (Yahoo! Finance)

US 30-year mortgage rate soars to highest since 2000 (Reuters)

S&P just downgraded some big banks. Here are the 5 that are impacted (Yahoo! Finance)

Powell Is Using Jackson Hole as Final Push in Inflation Fight (Yahoo! Finance)

Home sales fall again in July, as supply drops to near quarter-century low (CNBC)

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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.