96 episodes

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

The Higher Standard Chris Naghibi & Saied Omar

    • Business
    • 5.0 • 151 Ratings

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

    Black Friday Goes Off, Dr. Doom Is Back and Chris Offends Everyone

    Black Friday Goes Off, Dr. Doom Is Back and Chris Offends Everyone

    Consumers spent a record $9.12 billion online shopping during Black Friday this year, according to Adobe, which tracks sales on retailers' websites. Overall online sales for the day after Thanksgiving were up 2.3% year over year, and electronics were a major contributor, as online sales surged 221% over an average day in October. Toys were another popular category for shoppers, up 285%, as was exercise equipment, up 218%. Buy Now Pay Later payments increased by 78% compared with the past week, beginning Nov. 19, as consumers continue to grapple with high prices and inflation.
    In today's episode of The Higher Standard, Chris and Saied dig into these numbers and attempt to make sense of them.

    They discuss a recent story indicating that Airbnb is recruiting multifamily landlords for short-term rentals at properties, as well as the problems that surround mutifamily properties.

    Chris and Saied offer some insights into how blockchain companies like BlockFi work in light of the company's recent Chapter 11 bankruptcy listing.

    They also discuss the reasons why the fanfare and sensationalism surrounding cryptocurrency has now vanished, and why crypto will never be the same.

    Join Chris and Saied for this fascinating conversation.

    Enjoy!


    What You’ll Learn in this Show:
    How and why the S&P jumped over 700 points in just a week.Why S&P Global Ratings economist Beth Ann Bovino is telling people to brace for  a recession in 2023.Why private hiring has slowed sharply in November.'Dr Doom' Nouriel Roubini's seven Cs of crypto: Concealed, corrupt, crooks, criminals, con men, carnival barkers and CZ.And so much more...

    Resources:
    "Black Friday online sales top $9 billion in new record" (article from CNBC)
    "Americans are spending $433 more a MONTH for the same products due to crippling inflation as consumer prices rocket 8% to nearly highest level in 40 years" (article from The Daily Mail)
    "Collapse" in home prices is coming, experts say" (article from Axios)
    "Home sales could plunge in 2023. These cities could see the biggest dips." (article from CBS News)
    "Airbnb recruits multifamily landlords for sublets" (The Real Deal via Instagram)
    "A Recession Akin to 1969-1970 Awaits U.S. Next Year, Economist Warns" (article from Barron's)
    "30 under 30" (Forbes via Instagram)
    "Fed officials see smaller rate hikes coming ‘soon,’ minutes show" (article from CNBC)
    "Retiring baby boomers are getting wiped out by inflation and a volatile stock market: ‘It’s extremely scary’" (article from Yahoo! Finance)
    a href="https://www.cnbc.com/2022/11/29/blockfi-lawyer-tells-court-priority-is-to-maximize-client-recoveries.html" rel="noopener...

    • 1 hr 27 min
    The Government is Going Broke, Saied's Favorite Curves and a Vacation

    The Government is Going Broke, Saied's Favorite Curves and a Vacation

    According to the National Association of Realtors (NAR), sales of previously owned homes declined 5.9% in October from the prior month to a seasonally adjusted annual rate of 4.43 million, the weakest rate since May 2020. October sales fell 28.4% from a year earlier, the biggest annual decline since February 2008. Home sales have been dropping each month since February. From their recent peak in January, existing-home sales have dropped about 32%. The slowdown is due to a rapid increase in borrowing rates. The average rate on a 30-year fixed-rate mortgage began to climb rapidly in the first quarter and rose above 7% earlier this month. Mortgage rates eased this week but are still more than double where they stood a year ago.
    In today's episode of The Higher Standard, Chris and Saied dive into these numbers to help you understand what they mean for the economy and the fight against inflation.

    They play a game of 'What if?', trying to determine the effect on the market, both short and long term, if the Fed funds rate were to reach 10%.

    Chris and Saied discuss the concept of a yield curve inversion and why it matters to the economy.

    They also discuss a recent report indicating that the city of San Francisco could lose up to $200 million in property tax revenue by 2028 as record office vacancies, fueled by remote work and uncertainty in the tech industry.

    Join Chris and Saied for this fascinating conversation.

    Enjoy!

    What You’ll Learn in this Show:
    Why banks are pulling back on lending to both households and businesses.Why the yield curve inversion is an indicator of a future recession.How long it actually takes to get a real estate license.The reasons why US home sales have fallen for the ninth straight month.And so much more...

    Resources:
    "Did Bullard Undershoot? Stifel Economists Say Fed Funds Rate May Need to Go to 8% or Even 9%." (article from Barron's)
    "U.S. Home Sales Fell for Ninth Straight Month in October" (article from The Wall Street Journal)
    "37% of real estate agents in the US couldn't afford to pay their rent in October — another bad sign for the housing market. Here are 3 key takeaways for sellers right now" (article from Yahoo! Finance)
    "SF could lose up to $200M in property tax revenue" (The Real Deal via Instagram)
    "Bob Iger returns as Disney CEO, replacing Bob Chapek after a brief, tumultuous tenure" (article from CNBC)

    • 59 min
    Mortgage Rates Drop, the Housing Correction isn't Over, AirBnb Issues and Q&A

    Mortgage Rates Drop, the Housing Correction isn't Over, AirBnb Issues and Q&A

    The Federal Reserve may have to raise its benchmark interest rate much higher than it has previously projected to get inflation under control, according to James Bullard, president of the Federal Reserve Bank of St. Louis. Bullard suggested that the Fed’s rate hikes will make borrowing by consumers and businesses even costlier and further heighten the risk of recession.
    In today's episode of The Higher Standard, Chris and Saied take a deep dive into these comments and where they come from, as well as what they mean for the economy and the continuing fight against inflation.

    Thanks to a submitted listener question, they discuss the true impact of rising interest rate on the current housing market.

    Chris and Saied discuss a report stating that the number of available short-term rental listings in the U.S. skyrocketed to 1.38 million in September - a 23.2% year-over-year increase, according to rental analytics firm AirDNA.

    They also discuss comments from KPMG's chief economist Diane Swonk who predicts that a 15% drop in home prices for next year is “very conservative,” as the housing bubble begins to pop.

    Join Chris and Saied for this fascinating conversation.

    Enjoy!


    What You’ll Learn in this Show:
    Why Chris believes that an interest rate increase to the 5%-7% range in order to fight inflation seems to be a stretch.A report from the Federal Reserve Bank of Dallas predicting a home price correction could remove five to point seven percentage points from consumer spending.The real world impact of rental analytics on the future of AirBnB.How interest rates impact the monthly payments on a house.And so much more...

    Resources:
    "Fed’s Daly sees rates rising at least another percentage point as ‘pausing is off the table’" (article from CNBC)
    "Sharp drop in mortgage rates does little to boost demand" (article from CNBC)
    "Rising mortgage rates could take 20% bite out of home prices" (Article from The Real Deal)
    "Too Many Rich People Invested In Airbnbs, More Than A Million Remain Unoccupied" (article from Travel Noire)
    "Fed's Bullard says benchmark interest rate in 5%-7% range may be needed to bring inflation down" (article from MarketWatch)

    • 1 hr 8 min
    A New Sex Tape Appears, Twitter 2.0 and Mike Tyson is Misunderstood

    A New Sex Tape Appears, Twitter 2.0 and Mike Tyson is Misunderstood

    The collapse of FTX continues as a stunning list of allegations against the company’s former leadership has surfaced.  John J. Ray III, the group’s new chief executive officer, said in a sworn declaration submitted in bankruptcy court, 'Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information.' He slammed non-existent oversight and the misuse of client funds as advisors struggle to locate billions of dollars in missing assets.
    In today's episode of The Higher Standard, Chris and Saied dig into the FTX implosion, described as a free-wheeling crypto enterprise devoid of virtually every policy and practice that would be the norm for almost all other corporations.

    They look at the continuing drama of Elon Musk's purchase of Twitter as even more staff exit the company following his reorganization and ultimatum.

    Chris and Saied discuss why Elon Musk's 'Twitter 2.0' will likely be bad for the brand, the platform and the users in the long run.

    They also discuss a recent article describing the debut of a new cannabis infused edible called 'Holy Ears,' created by legendary boxers Mike Tyson and Evander Holyfield. The edibles are named after a notorious moment in 1997 when Tyson bit off part of Holyfield's ear during a bout.

    Join Chris and Saied for this fascinating conversation.

    Enjoy!

    What You’ll Learn in this Show:
    What happened to cause the implosion of FTX, and why the financial mismanagement involved is reminiscent of the Enron debacle.Why advisors have located only a fraction of digital assets that they hope to recover during FTX's Chapter 11 bankruptcy.Why Jeff Bezos doesn't seem to care about company morale in the traditional sense.Chris' thoughts of the future of public journalism in the wake of Elon Musk's purchase of Twitter.And so much more...

    Resources:
    Irma Lomidze Instagram
    "FTX’s New Boss Reveals Chaos Left Behind by Bankman-Fried" (article from Bloomberg Law)
    "New wave of resignations hits Twitter after Musk ultimatum" (article from CNBC)
    "Mike Tyson and Evander Holyfield Team Up for “Holy Ears” Edibles" (article from Now This News)

    • 1 hr 5 min
    Charlie Munger Pops Off, Layoffs in Tech and Let's Not Celebrate Yet

    Charlie Munger Pops Off, Layoffs in Tech and Let's Not Celebrate Yet

    “This is a very, very bad thing. The country did not need a currency that was good for kidnappers. There are people who think they’ve got to be on every deal that’s hot. I think that’s totally crazy. They don’t care whether it’s child prostitution or bitcoin.” So says Charlie Munger, Berkshire Hathaway Vice Chairman and a longtime cryptocurrency skeptic. He went on to declare that the space is rife with fraud and delusion, and regulators have dropped the ball by not outlawing bitcoin and other digital assets.
    In today's episode of The Higher Standard, Chris and Saied take a look at Munger's vehement criticisms and try to determine if his thoughts are valid, and whether or not regulators have indeed failed to provide proper oversight.

    They discuss the Federal Reserve's meeting in February and offer some thoughts on whether or not there will be another rate increase at that time.

    Chris and Saied examine why government spending has a tremendous impact on GDP, but surprisingly on core inflation numbers.

    They also discuss a recent article in which Amazon founder Jeff Bezos advises consumers and businesses to delay purchases and stockpile cash to prepare for a devastating downturn.

    Join Chris and Saied for this fascinating conversation.

    Enjoy!


    What You’ll Learn in this Show:
    Why Charlie Munger's longtime criticism of cryptocurrency has reached new levels of virulence in light of the recent implosion of FTX.The incredible wave of layoffs rolling across the country, particularly in the tech industry.Why the US has just 25 days of diesel supply remaining — the lowest level since 2008.Why Federal Reserve Governor Christopher Waller believes that financial markets have overreacted to the softer-than-expected October consumer price inflation data released last week.And so much more...

    Resources:
    "Charlie Munger, Warren Buffet’s right-hand man, rips into cryptocurrency after FTX collapse, saying it’s good for ‘kidnappers’" (article from Fortune)
    "A Six-Figure Income Is Needed Just to Afford the Typical US Home" (article from Bloomberg)
    "Mortgage Lenders Vie to Be ‘Last Man Standing’ as Rates Soar" (article from Bloomberg)
    "Amazon founder Jeff Bezos warns a recession is looming - and Americans should 'prepare for the worst'" (article from Markets Insider)
    "Congress seeks to arm Taiwan quickly as China threat grows" (article from the Washington Post)
    "United States Government Spending To GDP" (chart from Trading Economics)
    "Fed’s Waller says market has overreacted to consumer inflation data: ‘We’ve got a long, long way to go’" (article from Yahoo! Finance)
    "Musk Says...

    • 1 hr 5 min
    The Ultimate Fumble of the Bag Sponsored by FTX

    The Ultimate Fumble of the Bag Sponsored by FTX

    Unless you've just arrived from another planet, you've likely heard something about FTX, a high-profile, Bahamas-based cryptocurrency that has filed for bankruptcy amid allegations of fraud against Sam Bankman-Fried (known as SBF), its philanthropist founder. Cryptocurrency is a subject that many seem to be talking about, but that few understand fully.
    In today's episode of The Higher Standard, Chris and Saied take a deep dive into the subject, providing explanations of some of the basic terminology, along with insights into the history of cryptocurrency. The goal is to give you a clearer picture of what's happening the crypto space in light of the FTX collapse.

    They discuss and demystify concepts such as the blockchain, exchanges and the overall promise of cryptocurrency as an alternative to existing fiat currency.

    Chris and Saied examine the FTX collapse, including the allegations against founder Sam Bankman-Fried, who was involved and what it means for other cryptocurrencies.

    They also discuss the confusion surrounding the blue verification check mark on Twitter, in light of the massive changes brought about by new owner Elon Musk.

    Join Chris and Saied for this fascinating conversation.

    Enjoy!


    What You’ll Learn in this Show:
    The promises of cryptocurrencies: Censorship-free money, a hedge against inflation, and verifiability.Definitions of commonly used but often misunderstood cryptocurrency terms, like the blockchain, crypto exchanges and decentralization.How SBF was able to move huge amounts of money without alerting other people, including external auditors.The value that a decentralized blockchain is supposed to provide.And so much more...

    • 1 hr 20 min

Customer Reviews

5.0 out of 5
151 Ratings

151 Ratings

Jankety ,

An honest 5 star review

I am NOT writing this because Chris asked for it. I’m writing it because Saied had asked for it weeks ago I was just to busy to write one. His sultry voice convinced me review the show.

In all honesty though I’ve really enjoyed the show and it has become the first show I listen to when a new episode drops. I love the show especially working in the banking industry. I shared the real BIG real estate episode with my front line teams because it’s easy to digest and everyday terms.

This is the first financial show that shares the back of house workings in the economy and the industry that most consumers don’t see and don’t understand. Saied and the other guy break down complex concepts in a interesting way that make it fun to learn. Keep up the great work guys.

-Josh

Bryce T White ,

Honest 5 Star Review

Great podcast that delivers great information and prospective. Was converted after the podcast with Adam and now I haven’t missed an episode. Can’t wait for the future episode featuring Dave Ramsey and then the Nobel prize acceptance episode. Thanks for the great content!

supa Ty guy ,

Don’t let the hairy toes fool you, it’s top tier production

At the risk of feeding Chris’s arrogance, these fellas have mastered the art of podcasting. Typically shows that contain such subject matter as this one are extremely boring and put me to sleep. That is far from the case here.

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