George Gammon

CI 258: Macro-Economic Trends, Debt to GDP, Inflation, Japan George Gammon

George Gammon joins Jason Hartman remotely from Saint Barthélemy. What’s happening with Japan’s debt to GDP ratio, and how can the US compare to this? George talks about the change in the savings rate due to Coronavirus and how it is manipulated. 

George and Jason discuss some ideas that the Fed may not want the common man to understand. As well, is deflation good or bad? Where are interest rates headed, and how can you come up with a prediction for that?

Key Takeaways:

[1:00] Life in St. Barts, low crime rate, yachts, and more. 

[7:45] Jason opens the discussion on Japanonomics.

[8:55] The US deficit just this year will be the same as the total amount of debt accumulated from 1776 to 2000. 

[12:00] George talks on trades surplus.  

[17:00] How did Coronavirus change the US savings rate?

[20:00] How has the savings rate been manipulated based on IRS’ estimates.’?

[21:15] What is it that the Fed, or the powers that be, don’t want us to know?

[21:29] Is deflation good or bad?

[24:00] Who ‘owns’ the Fed?

[29:30] In a truly free market, one is always trying to create a product that has more value than the money in your pocket.

[30:30] Where do you think these interest rates are going?

[33:00] George discusses using the Fisher equation to determine interest rates in the future.

[38:00] Is inflation necessary? 

[44:30] Be prepared or you’re going to be a victim

[48:55] What is Rebel Capitalist Pro?

Websites:

GeorgeGammon.com/Pro

JasonHartman.com/Start

JasonHartman.com/Recordings

JasonHartman.com/Asset

JasonHartman.com/Webinar

www.JasonHartman.com

www.JasonHartman.com/properties

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

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CI 257: AMERICA, What Went Wrong? The Crisis Deepens, James B. Steele, Pulitzer Prize & George Polk Winner

He is one of the most famous economic investigative journalists of all time, Jason Hartman interviews James B. Steel. Jason ask James about the decimated middle class, how did we get here, and how can we get out? As well, James touches on health care and the American dream, and how to make the middle class viable again.

Book: 

The newest book, America What Went Wrong, the Crisis Deepens

Key Takeaways:

[0:45] The middle class has been decimated, without a real dollar raise in four decades. How can this be?

[5:00] Discussing how the median income is behind pace.

[9:30] The free market has been wonderful for this country but it cannot solve this problem we’re in.

[13:00] How could health care be solved?

[17:00] Who are the global money men?

[18:00] Is there hope for the American dream?

[21:15] The solution; what is the foundation that makes the middle class viable again?

Websites:

barlettandsteele.com

JasonHartman.com/asset

JasonHartman.com/Webinar

www.JasonHartman.com

www.JasonHartman.com/properties

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

CI 256: National Right to Work Committee Mark Mix

There is nothing fair about forcing a person to join a labor union in order to have a job. Jason Hartman interviews Mark Mix, President of the National Right to Work Committee, as they discuss the impact of labor unions in the economy. 

Key Takeaways:

[1:40] In some states, you are forced to join a union if you want a job.

[2:00] Mark explains what it means to have a Right to Work in one of the 27 Right To Work states. 

[5:15] Is there still a need for labor unions in the workplace in the US?

[10:00] Employment growth has been higher in the right to work states versus forced-unionism states. 

[18:15] Simply put, the right to work states give power back to the worker instead of the union official.

[21:50] Generally, how much are union dues?

Websites:

NRTW.org

NRTWC.org

www.JasonHartman.com

www.JasonHartman.com/properties

1-800-HARTMAN

Chris Whalen

CI 255: Inflated, How Money & Debt Built the American Dream by R. Christopher Whalen

Jason interviews Chairman of Whalen Global Advisors LLC, R. Christopher Whalen. Whalen speaks on location changes of people and businesses due to Coronavirus. Not only are business locations changing, but companies have been forced to move away from the “old way” of doing business and finally adapting to innovations in technology and communication. Whalen also gives a glimpse into his recent book and discusses the fed’s strategy to steer clear of deflationary times. Will we see consequences from the creation of money and bailouts? 

Books: Inflated, How Money & Debt Built the American Dream  by R. Christopher Whalen

Key Takeaways:

[2:00] Not only are people leaving big cities, like NYC, because of COVID-19, but large companies are also looking to move so that they can relocate their people. 

[4:30] Coronavirus has forced businesses to move out of “the old way.”

[8:50] A brief history of banking, from Abraham Lincoln to present.

[11:20] Before the creation of The Fed, J.P. Morgan was essentially the central bank. 

[13:00] Whalen breaks down how he differentiates between inflated as he puts it and inflation. 

[18:15] Will we see any consequences from the creation of money and bailouts?

[19:00] Quantitative Easing: central banks buy government bonds or other financial assets to inject money into the economy to expand its activity. 

Websites:

www.rcwhalen.com/

JasonHartman.com/Asset

JasonHartman.com/Webinar

www.JasonHartman.com

www.JasonHartman.com/properties

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

1-800-HARTMAN

Julio Gonzalez

CI 254: CARES Act, HEROS Act Stimulus with Julio Gonzalez

Jason Hartman talks with Julio Gonzalez, founder of Engineered Tax Services, a licensed engineering firm that focuses on tax benefits at federal, state, and local levels. Julio’s expertise on tax credits gives us a different perspective on where the economy is headed. Today, Jason and Julio discuss property reuse for affordable housing and redistribution centers. Julio shares knowledge about tax credits from selling air rights to 5G infrastructure.

Key Takeaways:

Julio Gonzalez

[3:00] Is there a chance to see property reuse like hotels shifting to affordable housing?

[4:00] Many REITs are trying to redesign shopping centers into redistribution centers. 

[9:00] It’s hard to make predictions about where the economy will be without any history of vaccinating 7 billion people. 

[11:15] There are twenty tax credits associated with investing and real estate at the federal level. 

[13:00] The government is incentivizing 5G infrastructure as a tax credit.

Websites:

EngineeredTaxServices.com

www.JasonHartman.com/asset

www.JasonHartman.com

www.JasonHartman.com/properties

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

1-800-HARTMAN

CI 253: Leslie Appleton-Young, Chief Economist of the California Association of Realtors CAR

Jason Hartman speaks with Leslie Appleton-Young, vice-president and chief economist for the California Association of Realtors. Leslie brings several charts and graphs to the conversation to share some staggering movement in California’s real estate. In January, 2020 was shaping up to be a knock out year, but due to the Coronavirus pandemic, we are now looking at best for a quick recovery. Leslie and Jason draw correlations between the 2008 recession and recovery to the recent, seemingly, self-imposed recession. 

As well, Leslie shares data to support buyer/seller trends as emotions shift from the COVID-19 impact. The question continues to go unanswered, how will malls, retail space, and hotels change post coronavirus?

Key Takeaways:

[7:30] Jason and Leslie discuss predictions based on the Q2 hit in 2020, ranging from a 25% – 42% decline. 

[9:00] The buy-side of real estate is doing well, likely because of record low interest rates, more space needed for home offices, and more space desired in quarantine times. 

[15:30] In January, the 2020 expectation was to be a great year based on some standard metrics.

[16:20] We have not had a breakout market since the 2008 recession due to income and affordability restraints. 

[19:00] The virus and the government’s response are two major contributing factors to set the tone for sellers and the recovery of the real estate market. 

[20:15] What is the general tone of California, are people staying or going? 

[24:45] We’ve seen a considerable adaptation of technology in the real estate industry. 

[30:00] Buyers feel a sense of urgency without expecting deals, while sellers are reluctant to lower their prices. 

[35:30] Jason and Leslie discuss the lack of supply and the building restrictions as one of the leading causes for a reduced amount of new homes being built. 

[38:00] How could malls, retail space, and hotels change into residential units for affordable housing, senior centers, or homeless shelters?

[40:30] What shape will the recovery take on? V, square root, swoosh, or W?

[43:00] The work-from-home order will likely be huge for housing.

Websites:

CAR.org

JasonHartman.com/Fund

JasonHartman.com/Asset

JasonHartman.com/Webinar

www.JasonHartman.com

www.JasonHartman.com/properties

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

CI 252: 1,000 Years of Global Financial Data with Bryan Taylor

Dr. Bryan Taylor joins Jason Hartman as they rewind the clock 1,000 years to look at the history of interest rates and housing costs. The bubonic plague and the Spanish Flu have both had an impact on economics. How does this relate to Coronavirus? 

Living in urban areas has historically been out of necessity. Currently, technological advances have taken away the demand for living in highly populated areas. Taylor and Hartman discuss the change in housing costs as influenced by the bubonic plague 800 years ago, but how reliable is this information?

Key Takeaways:

[2:00] Are interest rates the lowest they’ve ever been in history?

[3:20] Government debt explained based on the influences surrounding World War II

[4:20] Did Paul Volcker make the right moves?

[5:30] Are interest rates too low? What’s the fallout?

[8:30] Prices are being controlled mainly by a lack of demand.

[12:00] Flashback 102 years to the Spanish Flu, what happened economically?

[16:00] Are we to face a repeat of the roaring ’20s?

[20:00] Technology has solved the necessity of living in urban areas.

[21:15] During the bubonic plague, 1/3 third of the population was wiped out, while the houses remained, causing the most significant housing price drop in history.

[25:25] How reliable is 800-year-old data?

Websites:

GlobalFinancialData.com

JasonHartman.com/Asset

JasonHartman.com/Webinar

www.JasonHartman.com

www.JasonHartman.com/properties

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

1-800-HARTMAN

Brian Adams

CI 249: Brian Adams – Inflation, Commercial Real Estate, Demographics

Founder of Excelsior Capital, Brian Adams joins Jason Hartman today to discuss everything from millennials moving to the suburbs to the office market and how it’s changing post-pandemic. Public transportation is likely to continue its trend downward as the car will regain popularity in need for social distancing and health. 

Key Takeaways:

[2:30] Millennials, it’s not all Brooklynn bars and avocado toast, now they are trending towards suburban areas. 

[7:00] Speaking on the logistical challenges of a vaccine for COVID-19

[9:15] What do you see for the office property market?

[11:30] Suburban offices have a better chance of surviving the pandemic than high-density urban areas.

[14:15] Companies moving more towards mothership and hub and spoke models. 

[15:15] Are any new deals going on in the office market?

[16:00] How far through this pandemic do you think we are?

[17:20] The fed and congress have been flooding the capital market system with liquidity. 

[21:45] Will the development of tech push non-techies into a need for UBI? 

[22:25] Discussing office reuse. 

[25:45] Inflation will more than likely hit back.

[27:00] While the supply chain might be lacking, the price of construction seems to be substantially lower.

Websites: 

ExcelsiorGP.com

LinkedIn: Brian C. Adams

JasonHartman.com/Asset

JasonHartman.com/Webinar

www.JasonHartman.com

www.JasonHartman.com/properties

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

1-800-HARTMAN

CI 248: China’s Global Trust Post-Pandemic, Brendan Ahern

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.

Key Takeaways:

[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.

Websites: 

kranshares.com

ChinaLastNight.com

JasonHartman.com/Asset

JasonHartman.com/Webinar

www.JasonHartman.com

www.JasonHartman.com/properties

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

1-800-HARTMAN

Inflation Balloon

CI 247: Inflation Sectors & Rent Collection

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.

Key Takeaways:

[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!

Websites: 

JasonHartman.com/Asset

JasonHartman.com/Webinar

www.JasonHartman.com

www.JasonHartman.com/properties

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

1-800-HARTMAN