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.
Resources:
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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