Fri, 29 May 2020
James Altucher joins Jason to share his viewpoints on the economy, stocks, and more specifically the stimulus. As well, listen to the seriousness of this pandemic from a New Yorker’s perspective, and what it’s like managing life in the most challenging U.S. coronavirus area.
James also discusses his moves in the stock market, and why he favors certain positions. As well, this pandemic will accelerate our development with technology and how we perceive colleges vs certificates.
Guest: James Altucher
[2:30] The New York and New Jersey Coronavirus perspective vs the rest of the nation.
[5:30] “The earlier models were wrong”
[10:10] “As long as you keep seeing insanity happen, those are all canaries in the coal mine.” -Altucher
[11:00] We know that the economy is going to wake up, we just don’t know when and how.
[12:40] Understanding why we should prep for supply shock.
[14:15] The GDP of a year is about 20 trillion dollars, 5 trillion per quarter. There is an expectation that 2 to 3 trillion will be withdrawn from the economy this quarter.
[18:30] Is this stimulus enough, are the right people getting it?
[20:10] We, the proverbial We, all live better now than the richest people of the past.
[28:39] Don’t buy SPY “the spider”, go with RVT instead. Royce Value Trust Inc
[29:20] Anything that was going to happen in ten years, will happen tomorrow
[31:00] Altucher shares his preferences on stocks based on some forced trends bound to happen in the next ten years.
[35:45] Florida has “luxury weather.”
[39:30] 40 alternatives to college, with James Altucher.
Wed, 27 May 2020
There’s no place like home. Jason Hartman interviews Dottie Herman on her track to success, from realtor to CEO. Dottie shares her experiences in New York post 9/11, and how this affected the overall mood of New Yorkers and how they wanted to live. What kind of conclusions about shifting mindset from Covid-19 can we draw about the American home? Even banks are scared about giving housing loans with so many jobs in the air. With the current credit problems and mortgage issues, housing prices in the near future are a big question mark.
[5:40] The current mortgage and credit problems might influence housing prices to drop
[7:20] “You don’t just turn a key and everything starts all over”
[8:45] Banks are double-checking if people have jobs, they are scared they are going to get burned
[13:10] In harder times, like post 9/11, people want to be with their families, and in homes that are comfortable and accommodating of their family.
[17:00] The millennial generation has different needs and wants in a home as compared to that of the baby boomers
[21:00] "If you really want to make money, and you really want to acquire wealth, you need to own real estate"
[23:30] When compared to stocks, real estate will always be here and easier to understand
[25:00] As Dorothy said, “there’s no place like home”
[27:00] Don’t be afraid to fail, and don’t be afraid of the word no
Fri, 22 May 2020
Today, Jason Hartman discusses the Phillips curve and its relevance to our current economic situation. While we are all challenged in ways to adapt to our shelter-in-place advising, several benefits are being popularized out of necessity. Telemedicine, or telehealth, is growing rapidly, and not just for humans. Veterinary practices are using telemedicine for your pet's health as well.
Steve Hochberg returns to elaborate on the Elliott Wave. How do we know when we have too much debt, the U.S., or the individual?
[1:00] Is Kim Jong-Un alive?
[5:30] Telemedicine, we’re finally there
[8:00] The Phillips curve
[14:00] Monetary policy comes from central banks, and fiscal policy comes from the government
Guest: Steve Hochberg
[22:00] Everything the Fed has said they’re going to do has been backed by the Treasury. The treasury has pledged to cover any losses that the Fed is going to incur through their lending programs, and this can’t go on forever
[24:00] How do we know when we have too much debt?
[28:30] “I think there’s a huge bull market starting right now, and it’s the bull-market in cash” -Hochberg
Direct download: CI_1447-48_Phillips_Curve_Elliot_Wave_Steve_Hochberg_1-2.mp3
Category:general -- posted at: 12:00pm EST
Wed, 20 May 2020
230: Coronavirus Quarantine Survivor “Where in the World is Juanita Ingram, Mommy Talk Live by Juanita Ingram
Coronavirus Quarantine Survivor, attorney, author, and actress, Juanita Ingram joins Jason Hartman to discuss Taiwan’s reaction to Coronavirus, approximately 30 days before it hit the U.S. What did Taiwan do right, and how did SARS prepare them for this problem. Born in Tennessee, and made her way through the U.K. and finally to Taiwan, hear Juanita’s perspective on the differences of culture and how Coronavirus was handled.
[1:45] What’s going on in Taiwan, so close to China?
[5:00] From Wuhan Virus to COVID-19, the changes made in Taiwan, approximately 30 days ahead of the U.S.
[6:45] After Taiwan’s experience with SARS, they had a pandemic plan in place. Taiwan is now being called the blueprint of what should’ve been done
[9:30] Taiwan’s cases escalated due to the import of cases from outside of the country.
[13:30] Two ER Doctors in Atlanta, Georgia that both tested positive. One is very sick, and the other is asymptomatic.
Fri, 15 May 2020
Hoax or not, we are facing a recession. Jason Hartman discusses the suburban differences between China and the U.S. We should all expect to see Stimulus Maximus. How much debt can we handle before things don’t work out?
Our guest today is Venture Alliance Member Mike Zlotnik who is preparing for the good, bad and ugly.
[3:00] Hoax or not, we are facing a recession
[10:00] The U.S. is unlike China, think suburbia
[11:50] Stimulus Maximus
[14:00] How much debt is too much debt? Nobody knows
[19:30] How is the market responding to the Coronavirus right now?
[20:30] I cannot predict the future, just prepare for the good, bad, and the ugly
[29:15] Buying limited partner (LP) shares at a big discount
[31:30] A migration away from the dense areas of residence
Wed, 13 May 2020
In today’s episode, Jason is joined from across the world with Shenzhen, China local, Gary Halmbacher to discuss Black Swan Event Coronavirus. Gary shares his experiences with self-quarantining, and local changes just north of Hong Kong.
In the second segment, Jason is joined by Sarasota, Florida realtor, Jeff Twigg. Jason and Jeff discuss aspects of Dan Amerman’s workshop, including ALM. The two also discuss the unanticipated predictions made by Dan Amerman.
[3:05] Guest Gary, from Shenzhen, China explains being self-quarantined
[9:40] Guest Jeff Twigg
[13:11] Discussion on Dan Amerman workshop, and some of his surprising predictions
[16:45] The Roth IRA might go away?
[22:35] Means-testing for Social Security
[24:00] ALM Asset Liability Management Strategy
Direct download: CI_228_ALM_ASSET_LIABILITY_MANAGEMENT_PROFITS_WITH_JEFF_TWIGG.mp3
Category:general -- posted at: 9:00pm EST
Wed, 6 May 2020
Can we talk about something else? Jason Hartman invites Michael Ainslie to the show to discuss his book, A Nose For Trouble. As well, Michael shares his business tactics helping to grow Sotheby’s in his time with the company. In his stories as Director of Lehman Brothers, Michael talks about SATURDAY MORNING, the weekend that changed Wall Street forever, and some hypotheticals had things gone differently in 2008. And finally, Michael shares a brief story about the beginning of The Posse Foundation.
[3:00] Ten (actually 21) Commandments of Successful Investing, Amendment: Commandment number 22?
[7:00] Michael Ainslie
[9:15] Sotheby’s growth using “good, basic business tactics”
[13:18] The art market and purchasing of major works has become a way for new wealth to distinguish themselves
[13:40] The Sotheby’s scandal with Christie’s Auction Company
[16:00] Sotheby’s real estate, “white elephants”
[20:00] SATURDAY MORNING, Geithner said, “you have two hours to save Lehman,” the weekend that changed Wall Street forever
[24:08] If there were no bailouts, what would that have looked like?
[33:10] The Posse Foundation story
Fri, 1 May 2020
Returning guest, Harry Dent, discusses the economy, company buybacks, and quantitative easing. Take a deeper look into the economic influence of each generation with their peak earning power, and peak spending trends.
We are all searching for information on what to expect in uncertain times. Look at patterns Harry has analyzed to predict what’s to come. Jason discusses the roommate component as a part of understanding shadow demand for housing.
Harry Dent shares his thoughts on where Baby Boomers and Millennials will go next, be that downsizing or repurposing the McMansions. What differences between the two generations have led to peak earning and peak spending trends, and how will they affect the housing market?
[1:30] Harry Dent, Demographer
[2:30] Puerto Rico, better weather, lower cost and better tax benefits
[3:53] Famous for predictions on all aspects of the economy
[3:50 ] QE Quantitative easing
[8:00] What is the age of someone’s peak earning power and peak spending?
[8:50] “Quantitative easing is not putting money into the banks system and lending, it is literally buying financial assets like bonds, which puts more money into the pool that’s actually chasing financial assets, and that drives up financial assets.” - Dent
[13:55] Company stocks are going up because of shrinking the number of shares, rather than growing the economy
[13:25] You say the economy is fake?
[14:25] Governments always stimulate the economy
[17:55] Are company stock buybacks really that bad?
[18:00] The stock market is the best leading indicator of the economy
[23:00] After 1995, things start to get out of whack in relation to GDP
[27:10] Every 90 years, like a clock, we see a bigger bubble and a crash
[31:00] What are the biggest bubbles now, Apple, Google, Amazon, tech companies
[34:00] China’s workforce peaked in 2011 and has been declining ever since
[38:40] Harry explains the repo-market
[40:00] Harry Dent, "The baby boomers have sold their homes and joined the renters"
[43:00] In general, are the millennials in a good place or a bad place?
[46:00] Harry, “I like the high quality, the ten and thirty-year U.S. Treasury Bonds”
[50:00] What’s to come of the Millenials and the McMansions?
[52:00] If we don’t rebalance this debt, and go through what you always go through after a debt bubble, we may end up like Japan
[56:00] Jason, "Financial assets like the wall street economy vs real assets like the main street economy are far riskier"