Fri, 28 July 2017
AIPIS 195 - The New Depression: The Breakdown of the Paper Money Economy with Richard Duncan, Part 1
This week’s episode is an enlightening economic conversation you don’t want to miss. Jason welcomes Richard Duncan back to the show for the first of a two-part conversation about what is driving the economy and which mistakes could catapult the US into a recession.
Richard Duncan is Chief Economist at Black Horse Asset Management, the author of The New Depression: The Breakdown of the Paper Money Economy and The Dollar Crisis: Causes, Consequences, Cures. His Macro Watch video series can help individuals to clearly understand how the financial system really works. Mr. Duncan previously held the position of economist for the World Bank and the International Monetary Fund.
[1:11] Richard Duncan has a unique, insider’s view of world economics and FIAT money.
[6:16] In the US, when credit grows less than 2% the US goes into recession.
[11:27] Creditism is the new Capitalism.
[13:47] Looking back at the policies which saved the world economy in 2008.
[19:45] It’s a very sensitive moment in the economy as the Fed is considering reversing quantitative easing.
[23:37] Globalization has changed the way the economic game is played.
Fri, 21 July 2017
Bubbles have come and gone throughout history. One area expands too much and crashes, but there are usually other asset classes that are insulated from the bust.
But what if it's an everything bubble? What if real estate, stock markets, commodities, and everything else is in a bubble? What can you do in that situation?
Jason Hartman talks with Mish Shedlock, economist and investment advisor at SitkaPacific Capital Management, about what's going on right now and where you may find some decent investments amidst the bubbles.
[3:12] Mish's Rule of Progress
[10:28] The Shiller P/E Ratio Chart and what it says about the market today
[12:13] The Buffett Indicator
[16:08] The Mish Shedlock investing thoughts for right now
[19:46] How asset inflation is leaving investors behind
[24:12] Some real estate price examples on the East coast that show the dangerous bubble we're probably in, and how policies are set up to aid the rich in their wealth creation
Sat, 15 July 2017
Income generating real estate is the most historical proven asset classes in the world. Jason talks with Reichen Kuhl, CEO and founder of LeaseLock, about his program for landlords. LeaseLock is designed to identify rent payers and protects landlords from tenants who don't pay rent.
[1:30] LeaseLock is an insurance policy a tenant will pay the rent.
[5:07] How exactly does the LeaseLock know who will be a rent payer?
[10:42] Insurance industries are able to insure people differently in spite of Fair Housing laws.
[12:49] The cost is LeaseLock is 7% of the full lease value of the rental unit.
[16:05] Miscellaneous information about LeaseLock as a business.
Fri, 7 July 2017
Jason Hartman welcomes William Cohan, New York Times columnist, special correspondent for Vanity Fair, former contributor to Bloomberg View, and author books such as Why Wall Street Matters, The Last Tycoons, and House of Cards.
William tells Jason his views on the Trump administration, why Donald has had a hard time draining the swamp and who really is to thank for the low unemployment rate and the steady economy.
[1:13] The Trump administration, leverage and cleaning out the gears of the machine that is the US economy.
[7:24] A grand bargain with Wall Street would mean revamping much of its incentive system.
[13:40] Draining the swamp is harder to do than it looks.
[13:23] What we should expect out of the economy and employment.