Send us Fan Mail The buyers are gone. Not just in housing, not just in cars, everywhere, across every major purchase in this country and honestly across the globe. Sean, Joe and I dig into why, and it all comes back to the same place. We start with the August jobs report. 162,000 jobs created, way above expectations, with June and July both revised upward by a combined 55,000 jobs. Sounds great, right? Except the stock market fell and bond yields went up the second the number dropped. That tells you the market does not believe it. We walk through Kevin Walsh's Jackson Hole speech, his strange opening story, and why he used the word hike four times in his first minute and a half. We also break down the actual composition of those new jobs, mostly food service, bartending, and teaching, not exactly the export driven growth that builds a stronger economy. And we ask the obvious question nobody wants to say out loud. What if these numbers are being managed right before the midterms? Then we get into why buying and borrowing have both gotten more expensive at the same time. The 30 year Treasury is sitting at 5.24%, up from 4.63% before the war. The ten year is at 4.79%, up from 3.96% pre war. That is what is actually driving your mortgage rate and your car payment, not just inflation on the sticker price. We close with an update on Iran, who has rejected the latest peace proposal and is still demanding the exact same terms they started with, $300 billion, an end to sanctions, and peace for their allies. They are playing the long game, and the Fed is walking straight into a catch 22 it cannot solve. Something cracks, then we print, then it inflates. Again. I am not a financial advisor, I am a real estate agent, but here is what I personally hold. 25% crypto, mostly Bitcoin. 50% gold and silver as my insurance policy against the dollar. 25% in the S&P 500. Hold an asset or get left behind. Support the show
