CI 187: Artificially Low Interest Rates with IMF’s Raghuram Rajan

Jason Hartman talks with Raghuram Rajan, former Governor of the Reserve Bank of India and former Chief Economist and Director of Research at the International Monetary Fund (IMF), about how community has been weakened, which has allowed competitive markets and governments to get out of balance. They also discuss what jobs will remain after automation takes off even more, mortgage rates and whether we’re headed toward inflation or deflation.

Key Takeaways:

[1:41] What the IMF is and how it differs from the World Bank

[6:36] Massive technological change tends to hit an area and hurt before the benefits kick in later

[9:47] After automation comes and takes many of the jobs, there will still be jobs that involve human interaction

[15:07] Is Raghuram seeing inflation, deflation, stagflation or what in the coming years?

[17:50] Are mortgage interest rates artificially low?

[22:34] There’s good deflation and bad deflation

Websites:

The Third Pillar: How Markets and the State Leave the Community Behind

Raghuram Rajan at Chicago Booth School of Business

CI 186: Cap Rates, Appreciation & Capital Flight to Safety with Rich Dad Advisor Ken McElroy

Jason Hartman talks with Rich Dad Advisor and multifamily property investor Ken McElroy about his recent sale of $300 million worth of property, as well as supply levels of multifamily properties, why Ken is still bullish on real estate and the future of interest rates.

Key Takeaways:

[1:38] Why did Ken choose this time to sell his properties and how did he do it?

[5:57] Cap Rate fails to take appreciation into account

[7:53] Is there an oversupply of multifamily that’s causing rents to not grow as quickly?

[11:59] What Ken has learned about his facilities for the 55+ community

[13:47] Why Ken is still bullish on real estate

[17:30] Capital always looks for safety in the US

[21:13] The impact things like ride sharing and autonomous cars are having (and will have) on real estate

[23:56] Ken’s take on the future of interest rates

Website:

www.JasonHartman.com/Properties

www.KenMcElroy.com

CI 185: Capital Formation w/BBC, Forbes & Bloomberg’s Jeff Ferry

Jason Hartman talks with Jeff Ferry, Chief Economist at the Coalition for a Prosperous America, about what’s going on with the US trade war. Jeff has some ideas on how to close the gap between the US and the rest of the world, but Jason has some questions about whether they would cause inflation. They also look into America’s manufacturing sector and why we need to ramp it back up.

Key Takeaways:

[1:33] Jeff’s thoughts on the current trade situation

[5:49] One of Jeff’s solutions for helping cure the trade imbalance is to reduce the value of the dollar

[9:43] How would devaluing the US economy impact our purchasing goods from other countries and how would it impact the economy at home?

[12:55] You have to have capital formation for a society to create wealth

Website:

www.ProsperousAmerica.org

CI 184: 10 Things Impacting the Market & Economy in 2019

Jason Hartman and in-house economist Thomas take today’s episode to examine the 10 things that are happening in the US and abroad that are making the most impact in 2019. Among them are the US/China trade war, interest rates, the Mueller Report, millennial household formations, and more.

Key Takeaways:

[1:23] The best thing that’s happened so far in 2019 is lower interest rates

[4:04] Household formation for millennials is looking really good for investors

[6:46] The Fed being receptive of market conditions has been a good omen for 2019

[11:39] The 3% GDP growth they said we needed to “pay” for the Trump tax cuts happened

[14:38] Blogcast on Creative Destruction

[20:34] The Mueller Report’s impact on the housing market

[23:16] The US needs to negotiate with China now before we operate out of a position of weakness

[25:29] When China sat out the bond auction recently it created a wild swing

Website:

www.JasonHartman.com/Properties

Jason Hartman’s Real Estate Investor Update Alexa Skill

CI 183: Foreign Investor Assistance with Stateside APM’s Howard Jennings

Jason Hartman talks with Howard Jennings, Managing Partner at Stateside APM, about how entities can help foreign real estate investors, as well as how those same foreign investors can save themselves money in creating those entities and avoiding double taxation in certain areas.

Key Takeaways:

[1:50] Do foreign investors need to have entities like an LLC?

[4:44] Some states have higher fees than others, and Canada can even tax you twice

[8:50] Services provided by Stateside APM

[16:16] Nearly every decision in life comes down to instant gratification vs delayed gratification

Website:

www.StatesideAPM.com

www.JasonHartman.com/Properties

CI 182: Real Estate Entrepreneur or Real Estate Investor? with Gary Boomershine

Jason Hartman talks with Gary Boomershine, real estate coach, real estate investor and founder of REIvaultJason Hartman talks with Gary Boomershine, real estate coach, real estate investor and founder of REIvault, about the differences between real estate investors and a real estate entrepreneur, as well as ways that you can protect yourself from inflation. Gary and Jason discuss the great part of buy and hold investing and what Gary sees as the future for the economy and real estate.

Key Takeaways:

[2:28] What is a real estate investor?

[6:28] Gary used to flip houses but now regrets every house he ever sold

[11:44] Gary’s experience as a hard money lender

[17:53] Gary’s take on the VRBO market

[24:34] First position lending can be a hedge

[30:31] Right now Gary’s a bit pessimistic about the market and is taking some chips off the table, while some of his cohorts are going full in

[32:58] The 3 areas Gary believes need to be very careful in today’s market

Website:

www.JasonHartman.com/Vault

CI 181: 18 Wealth Attracting Principles with Andres Pira

Jason Hartman talks with Andres Pira, CEO of Blue Horizon Developments, Managing Director of Phuket Condos & Homes and author of the book Homeless to Billionaire – The 18 Principles of Wealth Attraction and Creating Unlimited Opportunity, about his journey through real estate investing and how he reached this point in his career. Andres explains the importance of giving before expecting and how that will help you succeed in business and life.

Key Takeaways:

[1:48] Andres’ path through the real estate world

[6:06] You have to take risks in life, so just make sure you consider the worst case scenario and whether you can bounce back from it

[9:40] Vibrational giving: give out first, then good things will come later

[14:49] Stop trying to win deals and make them win-win

Website:

www.AndresPira.com

CI 180: State of Resistance with CNN & Fox’s Sally Kohn

Jason Hartman talking with Sally Kohn, CNN political commentator, host of The State of the Resistance podcast and author of The Opposite of Hate: A Field Guide to Repairing Our HumanityToday’s off-topic 10th episode has Jason Hartman talking with Sally Kohn, CNN political commentator, host of The State of the Resistance podcast and author of The Opposite of Hate: A Field Guide to Repairing Our Humanity, about why there’s so much hate in our country at the moment and how we need to continue acknowledging problems and working to get better.

Key Takeaways:

[4:16] Technology makes us feel more anonymous, which isn’t always the best thing

[6:54] Does the US deserve credit for being better than the rest of the world?

[11:45] What definition of “hate” Sally’s working from

[15:56] Most people don’t think they’re hateful, they believe “those people” are hateful so the things they do are justified

[19:40] We have been taught throughout history that men should be in positions of power, which is a powerful thing to have to break through

Website:

www.SallyKohn.com

CI 179: Opportunity Zones, The Good, The Bad & The Ugly by Mauricio Rauld, Esq

Jason Hartman talks with Mauricio Rauld, Esq, attorney who specializes in syndications, about what Opportunity Zones can mean for investorsJason Hartman talks with Mauricio Rauld, Esq, attorney who specializes in syndications, about what Opportunity Zones can mean for investors. Mauricio breaks down the tax incentives that have been presented, but also why you may not want to invest in them.

Key Takeaways:

[1:17] What’s the deal with Opportunity Zones?

[3:14] The 2 things you need to do to invest in Opportunity Zones

[7:32] The 4 tax incentives of Opportunity Zones

[11:43] Will a mass of properties from Opportunity Zones hit the market in 10 years?

Website:

www.PremierLawGroup.net

CI 178: Why Modern Monetary Theory Matters to Investors by Professor Dr. Randy Wray, Levy Economics

Jason Hartman talks with Dr. Randy Wray, one of the foremost experts in Modern Monetary Theory, about why Minsky the philosopher is important, what exactly MMT is and why it’s relevant in today’s monetary society. They especially tackle the job guarantee program that MMT espouses and what’s coming up for the US in the economy for the next few years.

Key Takeaways:

[1:33] Who is Minsky and why is he someone we should concern ourselves with?

[4:50] What is Modern Monetary Theory and why is it applicable?

[10:38] The governments going back to the colonies spends money into existence and then taxes it back to avoid causing inflation

[13:45] Has all the money that was put into the economy during Obama’s term been taken back out by taxes or is it causing inflation?

[17:58] The test you need to use to discover if you’re doing monetary policy correct

[21:55] Spending during The New Deal greatly helped move our nation forward and allowed us to become the richest, most developed nation on Earth

[25:56] The job guarantee that Dr Wray is focusing on now would involve a lot of care work, and it would be decentralized

[29:05] What’s coming up, economically, for the United States

Website:

www.Levy.org