What's Your 1 More Quinton Harris

With all the noise in the news, are you curious about what's really happening in the banking industry right now? Then you'll want to listen to this episode! We delve deeper than before into the recent collapse of two major banks and how it's affecting the industry at large. We explore the impact of rising interest rates on banks' investments in long-term notes and explain essential terms like ‘held-to-maturity’ and ‘unrealized losses’ in easy-to-understand language, so you can better grasp what's going on and disseminate the information to others. Plus, we discuss potential solutions to the industry's problems and how rising interest rates and work-from-home policies affect the real estate market! 

 

Join us, and let’s dissect this fascinating situation from a simplified lens. 

 

 

[00:01 - 05:58] The underlying problems behind the collapse of Silicone Valley Bank and Signature Bank

 

[05:59 - 16:17] The Federal Reserve implements a buyback program to address banks' ‘held-to-maturity’ assets and potential runs on deposits

 

[16:18 - 22:16] More banks facing potential collapse as 1.7 Trillion in unrealized losses on balance sheets are revealed 

 

[22:17 - 27:12] Things are on a razor’s edge—the dangers of the financial system and the need for action to prevent a domino effect

 

[27:13 - 33:52] Federal Reserve's tightening phase could lead to commercial lending problems and affect the real estate market

 

 

Quotes:

"I think that we've seen a lot of fancy words being thrown out, and at the end of the day, this is still a very simple concept." - Quinton Harris

 

"There is 1.7 trillion in unrealized losses on the bank's balance sheets. That's why we're doing three episodes on this and why this is so significant. We're trying to understand it and help everybody else understand it." - Quinton Harris

 

“The Federal Reserve wants to tighten the system… That’s how they want to fight inflation… You’re squeezing the money supply, which disincentivizes the banks from lending money out. So, the remedy is not there.” - Quinton Harris

 

 

Resources Mentioned: 


WSJ Article: Where Financial Risk Lies
The Market Distillery 



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Bank of England is a nationwide lender that takes the time to understand your needs and structure the right mortgage for you and your family. Find your local branch at https://www.boemortgage.com/. 



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Does anyone notice how watching the Fed’s decisions has become the new “Super Bowl” of economics? Well, In this episode, we analyze and break down the recent decision by the Federal Reserve to raise interest rates and its potential impact on the stock and bond markets. They delve into the increasing power of the Federal Reserve and its effects on businesses and individual wallets, highlighting the possibility of a soft landing for the US economy. Alex Stewart joins in as we cover the impacts of tightening credit on consumers, businesses, and builders and the correlation between tightening credit standards and recessions. And it wouldn’t be What’s Your 1 More without revealing the opportunities hidden in the market. Diversifying investments, investing in hard assets, preparing for potential financial shocks; all here on today’s episode.

 

So jump right in, and let’s figure out what’s going on with Jerome Powell’s “Emperor with no clothes on” approach to decisions.

 

[00:01 - 06:21] Federal Reserve raises interest rates by a quarter point, causing mixed reactions in the market

 

[06:22 - 12:29] Experts are predicting no soft landing for the US economy, brace for potential volatility in the market

 

[12:30 - 19:29] Federal Reserve's tightening of the credit market causes concern for small businesses and builders

 

[19:30 - 24:47] Builders face constraints as regional banks struggle, leading to potential home price increases 

 

[24:48 - 37:43] Experts warn of potential bank runs and systemic risk as depositors seek safety amid economic uncertainty—how to start preparing

 

 

Quotes:

 

"The original intent behind the Federal Reserve was never to have this much power. They should not have this much power. They should not even be in a position they're in right now, but because we are where we are right now… Their power has grown.” - Quinton Harris

 

"When you're tightening the credit market, you're disincentivizing regional banks...That's the pressure they put on these regional banks when they do that, and that's the pressure they're applying to the credit market." - Quinton Harris

 

“We are at the tip of the iceberg… The reaction to any sort of crash is going to be, ‘throw money at the problem.’” - Alex Stewart 

 

“To me, this is opportunity… At the end of the day, this is something we just need to prepare ourselves for. We can foresee what’s going to happen, and that means I need to take some action.” - Alex Stewart

 

Want to continue the conversation? Connect with us on Facebook, Twitter, and Instagram. Be sure to subscribe to us on YouTube to enjoy highlights and full video episodes. 

 

Bank of England is a nationwide lender that takes the time to understand your needs and structure the right mortgage for you and your family. Find your local branch at https://www.boemortgage.com/. 



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Do you know the message you’re in this world to share? How about how to elevate your state of mind? Today we invited bestselling author and motivational speaker Jon Gordon to share his incredible journey over the past 18 years. I consider Jon one of my greatest mentors who’s changed my life personally. Get ready to be impacted by the incredible lessons that led to Jon’s book, The Energy Bus, credited with helping helping NFL teams like the Jaguars, Clemson, Alabama, and Tennessee become successful. This episode is PACKED with wisdom on creating winning team cultures, relationships, and leadership!

 

So don’t miss out on Jon’s invaluable lessons on success and making a positive impact while bringing people together! Let’s get started.

 

 

[00:01 - 08:34] Jon Gordon's 18 years of successful leadership building in the NFL

 

[08:35 - 15:30] How leaders can better serve their teams through love, clarity, and a high state of mind

 

[15:31 - 21:27] How to elevate your state of mind with T.U.N.E.

 

[21:28 - 25:55] The best advice to neutralize negativity to build strong, TRUSTING relationships

 

[25:56 - 39:13] The power of oneness: how positive thoughts create connection and clarity in life

 

[39:14 - 45:20] The real problem behind social media: separateness and comparison lead to anxiety, fear, and doubt

 

[45:21 - 52:50] What is Your 1 More? One more opportunity to impact one more person

 

 

Quotes:

“A team that is not connected at the top, will crumble at the bottom.” - Jon Gordon

 

"You have to know who you are. You'd have to know the message you're here to share." - Jon Gordon

 

“Being positive is not going to guarantee you’ll succeed. But being negative will guarantee you won’t.” - Jon Gordon

 

"Fear is what separates you. Fear divides you. It weakens you, and it brings you to a lower state of mind where you have all these negative thoughts and worries… Love causes you to focus on oneness, on power, on unity—on strength.” - Jon Gordon

 

"Focus on the things you do love. And guess what? The more you invest in that route, and you nourish it, it produces great fruit." - Jon Gordon

 

"Don't let man's fault keep you from the trust that you're meant to have, to create the life that you're meant to live." - Jon Gordon

 

"Your thoughts create apparel. Think about all the slogans and words; it becomes apparel. So now you start wearing those thoughts you do on your shirts, on your hats. Well, you start wearing the thoughts on your life." - Jon Gordon



Resources Mentioned: 

 


The Energy Bus
Ep. 25 - Be the Change Agent with Damon West

 

Want daily wisdom from Jon? You can find him on Instagram, Twitter, and FaceBook. Fuel your life, work, and team with The Energy Bus at ​​https://jongordon.com/.  

 

Want to continue the conversation? Connect with us on Facebook, Twitter, and Instagram. Be sure to subscribe to us on YouTube to enjoy highlights and full video episodes. 

 

Bank of England is a nationwide lender that takes the time to understand your needs and structure the right mortgage for you and your family. Find your local branch at https://www.boemortgage.com/. 



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Are you worried about the recent collapse of two banks and the Federal Reserve's decision to raise interest rates? In this must-listen episode, Alex Stewart joins me to provide insights and strategies to help you navigate through these uncertain times. Now that new CPI readings have come in, we have new information on the impact the bank collapses are having, the actions of the Fed, the strategies of the current administration, and the unique opportunities this provides to savvy investors. 

 

Are all the market fears founded? Jump right in and learn everything you need to know about the possible tipping point of this banking crisis. 



[00:01 - 06:33] Exploring the impact of recent bank collapses and the looming actions of the Federal Reserve

 

[06:34 - 12:36] Fed pivoting? Banks to pass down the cost of inflation to consumers in the form of a "Silent Tax"

 

[12:37 - 19:07] We are entering a consolidation phase as the inflation battle is waged with lagging data 

 

[19:08 - 24:59] Analogies to understand what the Fed is doing right now and victories in the mortgage industry

 

[25:00 - 32:35] Trillions of uninsured dollars in the banking system with the threat of devaluation due to government action

 

[32:36 - 43:48] The opportunities we’ve been presented with in real estate—taking advantage of low rates and cooperative sellers



Quotes:

“This is going to be different from ‘08… We didn’t have an inflation problem in ‘08, we have an inflation problem right now, and that’s going to change how this is approached.” - Alex Stewart

 

"The silent tax. That's going to be the implication… because inflation leaves no doubt. Here we just reinflated the system with every dollar we just put in there… We're putting more money back into the monetary citizen system." - Quinton Harris

 

"You get lulled to sleep thinking it's safe. Right? But it's an assumed risk… Everybody knew that this was the rules of the game."

 

“We’re at a tipping point right now, and we’re in big trouble if it tips the wrong way.” - Quinton Harris

 

"Now is the time. You need to get into real estate, whether it's investment, whether primary—you need to take advantage of that because you're going to have a window here where if you missed out, you're going to get back into the fives." - Quinton Harris



Resources Mentioned: 

 


3.15.23 Chrisman Commentary - Guest Episode
Part 1 of the Banking Collapse

 

Want to continue the conversation? Connect with us on Facebook, Twitter, and Instagram. Be sure to subscribe to us on YouTube to enjoy highlights and full video episodes. 

 

Bank of England is a nationwide lender that takes the time to understand your needs and structure the right mortgage for you and your family. Find your local branch at https://www.boemortgage.com/. 



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The second-largest bank crash in American history just happened. Are we facing an economic collapse? Let’s talk about that! In this episode, we dive right into the recent collapse of Silicon Valley Bank, delving into the economic implications and far-reaching effects of the situation. You’ll discover how the inner workings of banks on a large scale and what series of events led to this pandemonium. Cut through the rumors and misinformation of the media by tuning in here to find out the true scope of this event and address questions like: What does it mean for mortgage rates? How will long-term inflation be affected? Are there any further steps that the Federal Reserve needs to take? 

 

Jump in and find out what really happened! 

[00:01 - 07:11] Run on Silicon Valley Bank causes the second-largest collapse in US banking history: How deposits and bank runs work

 

[07:12 - 21:26] SVB seized by FDIC—let’s look at this bank and how the crash happened

 

[21:27 - 25:20] Examining the impact of the collapse on mortgage rates, inflation, and Fed decisions

 

[25:21 - 31:18] The Federal Reserve's 'Dangerous Game of Poker': analyzing the SVB collapse and its ripple effect on the economy

 

[31:19 - 37:01] Fed forced to punt on policy after FDIC shut down—is quantitative easing coming back?

 

[37:02 - 43:58] Kicking the can down the road as we face the threat of ‘stagflation’

 

[43:59 - 50:47] How the run on the SVB accelerated the housing market and the fragility of the economy



Quotes:

"There's this notion that when you make a deposit, the money's there, but we know that banks treat deposits like a liability. They have to make money on the money you put in there. And we, and the banks, have to pay you money on that money." - Quinton Harris

 

"You know, you turn on any news channel, especially, you know, CNN, CNBC, or something that's financial related. I mean, this is what they're going to talk about all day long, all day." - Quinton Harris

 

“Until the dust settles, I think the stock market is going to be the one to bare the brunt of this.” - Quinton Harris

 

“The Fed can’t solve this if the only solution is messing with interest rates… The pendulum of raising and lowering interest rates is not going to fight inflation.” - Daniel Halverson

 

"Nobody wants to go first when it comes to trying to solve this. No one wants to be the first one to say, ‘Well, this is what I think we should cut. Boom!’ You just lost a large subset of voters when you say that." - Quinton Harris



Resources Mentioned: 


Forbes Article on the SVB Collapse
Ep. 13 - Bonds
The Chrisman Commentary Podcast

 

Want to continue the conversation? Connect with us on Facebook, Twitter, and Instagram. Be sure to subscribe to us on YouTube for highlights and full video episodes. 

 

Bank of England is a nationwide lender that takes the time to understand your needs and structure the right mortgage for you and your family. Find your local branch at https://www.boemortgage.com/. 



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It’s time to take a deep dive into the highly anticipated March lending update! In this episode, we explore what it means for buyers, specifically those looking to refinance. We break down the increases in FHA, VA, and conventional loan limits as well as the decrease in monthly mortgage insurance for FHA loans by 30 basis points. As expected, we reveal the implications of the job report on interest rates and how inflation data will impact shelter costs. This conversation is full of insightful tips and advice that lenders, real estate agents, and investors should take advantage of now to prepare for an upcoming shift in the market. 

 

So jump in, and let’s get started!



[00:01 - 06:56] FHA loan limits increase, and delinquencies decrease, improving affordability for homeowners

 

[06:57 - 18:21] VA funding fee reduced and how to take advantage of digital closings for a faster, more efficient mortgage process

 

[18:22 - 24:36] An update on interest rates in February: the smoke and mirrors of the job report

 

[24:27 - 30:47] Job report uncertainty and inflation fears lead to a negative interest rate adjustment and its effect on shelter costs

 

[30:48 - 40:30] Opportunities in the current housing market—what historical data can teach us



Quotes:

"Anything longer than three years in the mortgage industry is a lifetime." - Quinton Harris

 

"Markets like certainty; they don't like uncertainty. So when uncertainty happens, we don't see favorable adjustments. When markets overreact, it's big. That's why it's called ‘No Reaction.’ And they always overreact to the favor of the market.” - Quinton Harris

 

"This is your opportunity for your customers to get in before prices start to accelerate.” - Quinton Harris

 

“If we can find a way to make the numbers work, if we can find a way to negotiate the payment in line, those people will look back in 6, 8, 10, 12 months from now and say, ‘Man, I really took advantage of a golden opportunity here.’” - Daniel Halverson

 

Resources Mentioned: 

 


Florida Consumer Sentiment Index 2023
The Market Distillery

 

Want to continue the conversation? Connect with us on Facebook, Twitter, and Instagram. Be sure to subscribe to us on YouTube for highlights and full video episodes. 

 

Bank of England is a nationwide lender that takes the time to understand your needs and structure the right mortgage for you and your family. Find your local branch at https://www.boemortgage.com/. 



Be sure to Subscribe, Share, and Leave a Review to let us know you want to keep the content coming.