Fri, 31 July 2020
What are the relations with China looking like for the US and for the rest of the globe? Brendan Ahern of the ChinaLastNight.com blog updates Jason Hartman on what he sees with China’s economy. Brendan touches on China’s ability to re-establish trust moving forward and how they might change from being such a largely export dependent country.
[1:30] Where is China now, in regards to reopening?
[3:15] How will China re-establish trust moving forward?
[6:15] How have the trade negotiations changed before and after COVID-19?
[9:45] “Even investing has become politicized”
[13:45] China realized that being very export dependent made them susceptible to downturns.
[20:30] Tourism has stopped, and not just in Hong Kong.
Fri, 24 July 2020
Nobody wants to live in high-density areas anymore. It’s gone beyond the fear of coronavirus. Investment counselor, Doug, talks with Jason about Inflation, Inflation, Inflation. As well, Doug and Jason discuss the middle-class fiction. What is happening to our middle-class, and how can we learn to create wealth? Finally, rent is due, and residential tenants are paying, but are commercial real estate landlords having the same good fortune through pandemic times? Everyone is working from home, and most people are enjoying it.
[2:30] Nobody wants to live in high-density areas anymore. It’s more than just coronavirus urging persons to move to suburban areas.
[5:00] We are watching the ultimate collapse of the “middle-class fiction.”
[9:30] The whole middle class is being hollowed out.
[12:45] Rent stability seems to be almost on par with previous years.
[16:00] Commercial tenants are having a much bigger problem paying rent when compared to residential tenants.
[20:00] Inflation, Inflation, Inflation.
[26:45] If you give the government unlimited authority to deal with the climate, it won’t fix the climate. Instead, you’ll have an authoritarian government with an equal or worse climate.
[31:30] People can work remotely, and they like it!
Wed, 22 July 2020
Dr. Richard D. Wolff, professor of economics and author of Understanding Marxism, joins Jason Hartman today, discussing the global economic meltdown. Wolff shares his interpretation of marxism and why he believes that is has been poorly applied. As well, Hartman and Wolff discuss capitalism in America, the perception and the reality.
Wolff and Hartman discuss the disproportionate pay between CEO and workers. The CEO to worker compensation ratio has changed dramatically. Wolff states that a cooperative/directorship might work using the example of The Mondragon Corporation.
[2:15] Was Karl Marx's ideas applied wrong?
[8:45] "A liberal and a marxist are not the same things."
[10:30] What is a Marxist?
[12:45] Capitalism didn't make the break from fatalism and slavery that it thought it did.
[16:45] Did any country have genuine pure marxism?
[20:30] "There's a reason that a very small number of people are capitalists (entrepreneur) and a very large number of people are workers" - Wolff
[20:45] How do we solve the issue of disproportionate pay between boss/worker, redistribution?
[24:00] How would a company run with a representative republic, cooperative, or directorship?
[25:10] Successful Co-op, The Mondragon Corporation.
[31:45] What is the Yellow Vests Movement?
Fri, 17 July 2020
Jason Hartman talks with Josh Simon, distinguishing different types of commercial real estate, and how they were affected by Coronavirus. Most of the media was publishing that commercial real estate is suffering, but it's important to distinguish what kind. Commercial spaces have shifted from experiential to essential, but most successful companies are making adjustments along the way.
New York and California, and similar high-density areas are having trouble enforcing social distancing. How will this affect possible migrations away from densely populated areas and the commercial property surrounding? As these changes are made, and commercial spaces are being reused, what kind of zoning problems might come up?
[3:45] While the news has published what they call disaster in retail spaces, Josh Simon clarifies exactly which retail areas are struggling the most.
[5:15] Commercial space has mainly moved from experiential to essential.
[11:25] The grocery store will likely get smaller over time, with the center store's needs shrinking.
[13:45] Discussing the trend of businesses adapting to the drive-thru, curbside and to-go services.
[17:30] Discussing Commercial real estate stats for rent collection.
[23:45] How will New York and California, or any other high-density area, enforce social distancing?
[28:35] How will specialized asset classes do through Coronavirus, like self-storage?
[30:00] Are we going to see zoning issues turning some of these commercial spaces into alternative uses?
Wed, 15 July 2020
What is the “dollar milkshake theory”? Brent Johnson joins Jason Hartman to share his ideas and concepts on macroeconomics. Particularly, what’s the strength of the U.S. dollar, and how does it compare to gold and other currencies? Brent also shares his thoughts on modern monetary theory and the possibility of its presence in the future, and potential problems.
Brent Johnson also discusses the broad term currency as it pertains to gold, the U.S. dollar, and many other currencies around the world. Brent shares his views on gold and the role it plays. As well, Brent and Jason discuss what is needed for money to be loaned into existence.
[2:00] Dollar milkshake theory.
[4:00] Discussing MMT Modern Monetary Theory
[5:30] Until a new system is designed, there is no place to go, other than the U.S. dollar.
[9:10] Does MMT work or is a pipe-dream?
[12:35] Let’s talk about gold and the role it plays.
[19:00] Because money is loaned into existence, you need monetary velocity or credit expansion to be taking place.
[22:00] What about military tensions?
[26:45] How delicate is our economy that corporate giants need bailouts as bad as family-owned restaurants?
Fri, 10 July 2020
Jason Hartman with guest, Harry Dent, for the rant of the year! “This is a bubble that is waiting to pop,” says Dent as he opens up about the Coronavirus just being a cover for some underlying economic issues. “This is much worse than a debt-bubble; it’s a financial asset bubble.”
Harry speaks on his thoughts about gold, cryptocurrency, and inflation. Specifically, asset vs. consumer inflation. What causes inflation? What’s to be expected in the future when it comes to commercial real estate? What will happen to the once sought after McMansions?
[1:30] This is a bubble that was waiting to pop, and Coronavirus was just the cover.
[2:00] All of this money printing does not stop the virus.
[6:00] There is no going back to normal after 25% of restaurants, and some areas closed down.
[12:45] China has already hit its peak. They’re going to have trouble keeping up with India.
[14:30] What is Harry Dent’s opinion on cryptocurrency, bitcoin?
[17:45] Gold correlates with one thing, inflation.
[19:30] Money printing doesn’t necessarily cause inflation.
[20:30] What does cause inflation?
[23:15] Asset vs. consumer inflation, that’s the bubble.
[25:00] This is way worse than the debt bubble; this is a financial asset bubble.
[29:30] Commercial real estate and McMansions will collapse while the 3/2 will go on to thrive.
[35:00] The first billionaires were born of the great depression.
Fri, 3 July 2020
Position or Profit? Position yourself for the rise of suburbia. With several contributing factors for people migrating away from mid-rise and high-rise condos, suburbia looks better and better. Jason Hartman shares real estate investing strategies that have proven effective for decades. However, current events have made these strategies more appealing. Investment Counselor, Doug, shares supporting investment tips based on the book, The Dao of Capital by Mark Spitznagel.
[1:00] Investment Counselor, Doug
[1:30] Discussing, The Dao of Capital, Investing in a Distorted World, Mark Spitznagel
[3:00] Instead of focusing on profit, focus on your position.
[7:00] Discussing strategies like searching for weak companies
[11:00] When you have population migrations it puts upward pressure on both price and rents
[14:30] The demand for sub 250k homes goes up, as 2.3 million potentially leave mid and high-rise condos.
[20:00] Dollar-cost averaging, the Spitznagel way.
[22:00] Timing the market, people often forget to calculate the cash that they lose by waiting.
[24:00] People buy a house because the payment is affordable, not the price.