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Episode 190

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Published on:

3rd Nov 2023

What All This Debt Could Mean For You

Chris, Saied and Haroon unpack the outstanding mortgage market by rate before hopping in to an example of how tenuous the business has become for lenders and their employees. Then they dive in to some chart work with sexy visual stimulus regarding the current state of the consumer credit market. To round off the show ahead of jumping in to Saied's self-inflated basketball ego, they boys take a look at Americans' net worth at every age.

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Resources:

Outstanding mortgages by their mortgage rates (Kobeissi Letter via X)

The Mortgage Market Is So Bad Lenders Want Ex-Employees to Give Back Their Bonuses (Wall Street Journal) 

Credit card balances in the U.S. have crested at $1 trillion (CNBC Chart of the Day via Instagram)

Here’s Americans’ net worth at every age—for people under 35, it’s up 142% (CNBC)

Fed's preferred inflation gauge shows biggest monthly jump since May (Yahoo! Finance)

M&A to explode in 2024 as roughly 1,200 companies are expected to run out of money (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.