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Speaker 2: Let's get into this. Shout out to MG the mortgage God.

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Speaker 2: He texted me today. We spoke a couple of weeks ago,

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Speaker 2: and he said, I told you a couple of weeks ago,

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Speaker 2: seven percent interest rates coming soon. So they just released

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Speaker 2: numbers thirty thirty year fixed mortgage six point eight seven

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Speaker 2: percent for the thirty year fixed. Fifteen year fix is

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Speaker 2: six point fifteen. So yeah. Matt called me a couple

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Speaker 2: of weeks ago and I asked him how high he

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Speaker 2: thought interest rates could get for mortgages, and he told

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Speaker 2: me seven percent. And it's creeping. It's creeping to that

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Speaker 2: seven percent level.

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Speaker 3: Sounds like, oh seven all over again.

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Speaker 4: Yeah, I mean historically, think about it's not a relatively

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Speaker 4: low exact, That's what I was gonna say. I was like,

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Speaker 4: I had to humble myself, and like, I'm thinking about

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Speaker 4: obviously my parents were buying, like buying a home in

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Speaker 4: the eighties, Like we talked about if you look at

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Speaker 4: the interest rates in like from nineteen eighty to nineteen nine, this.

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Speaker 3: Oh yeah, I was treacherous. Yeah yeah, this in years

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Speaker 3: when it was like eighteen percent.

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Speaker 5: Fourteen percent, Like, how's this even?

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Speaker 6: How?

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Speaker 5: How does somebody do that?

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Speaker 4: And it is because I was talking to Matt when

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Speaker 4: I was trying to lock it an interest rate, and

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Speaker 4: I was like, look, man, it's that like four he said,

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Speaker 4: locking it now is not.

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Speaker 5: It's only going up. And so watching it go up

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Speaker 5: to seven percent, it's tough, man, it's tough, but perspective

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Speaker 5: is team. It could be worse. It could be worse.

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Speaker 3: It could be worse, man, y'allhoo.

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Speaker 6: Finance reported sales of luxury homes dropped by twenty percent

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Speaker 6: as a result from August. I know everyone's kept saying

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Speaker 6: the market is not going to fall. No, if interest

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Speaker 6: rates go up. This is common sense. If things cost more,

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Speaker 6: people are going to buy less of it, right, especially

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Speaker 6: if the price.

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Speaker 3: Adjust in four months five months.

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Speaker 2: Well, so this goes to the economic talk. So a

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Speaker 2: couple of days ago we didn't get a chance to

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Speaker 2: talk about it because it wasn't Monday going on. When

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Speaker 2: the Fed raised interest rates. So yeah, I mean the

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Speaker 2: whole point of raising interest is to taper inflation. So

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Speaker 2: you know, it's or it's done to make money more expensive,

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Speaker 2: so that pass gets passed down to the bank. So

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Speaker 2: when the Federal Reserve raises interest rates, then the banks,

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Speaker 2: the retail banks actually borrow money. So that means that

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Speaker 2: it's more expensive for the retail banks to all money.

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Speaker 2: So now the interest products that retail banks offer, like mortgages,

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Speaker 2: like credit cards, like different things of that nature, all

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Speaker 2: the loans are higher, So yeah, it tapers inflation because

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Speaker 2: people aren't buying at a crazy pace like they were before.

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Speaker 2: But it's a delicate line that you have to walk

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Speaker 2: because it's like if you if you raise interest rates

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Speaker 2: too much, then you could break the economy. So you

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Speaker 2: raise interest rates to stop people from spending to lower inflation,

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Speaker 2: but you don't want to raise it too high to

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Speaker 2: you know, shut off the faucet.

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Speaker 6: Yeah, And as a result in the lower inflation environment,

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Speaker 6: credit card balances have won to one of the highest

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Speaker 6: levels of all time at forty six billion dollars. Now,

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Speaker 6: I want you guys to add that with the student

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Speaker 6: loan bubble and if those two pop, how much that

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Speaker 6: is that out in the universe.

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Speaker 5: Yeah, I mean in addition to that.

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Speaker 4: Right, So to the back to the home thing, obviously,

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Speaker 4: when interest rates go up, it makes people tougher to

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Speaker 4: buy homes, but you're going to and if you look

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Speaker 4: at the percentages, look at the percentage of people that

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Speaker 4: are refinancing their homes, right, like, why it wouldn't even

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Speaker 4: make sense now, right, then you're not going to try

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Speaker 4: to lock it in a higher rate.

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Speaker 5: So that obviously that goes down as well.

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Speaker 2: But there's also there's also it's never the end of

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Speaker 2: the world, because if you buy, if you buy it,

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Speaker 2: even if you buy now it's a seven percent interest rate. Eventually,

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Speaker 2: rates will go down eventually and you can always be financed.

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Speaker 5: That's when it would be a time to refund.

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Speaker 4: So what I'm saying in this environment doesn't make as

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Speaker 4: much sense as it did nine months ago.

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Speaker 5: Months ago.

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Speaker 6: Homework question for everyone, how often do interest rates go

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Speaker 6: down when there's not quantitative bees on?

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Speaker 2: Well, there's going to be quantitative easing though at some

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Speaker 2: point there's going to be quantitative There's going to be

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Speaker 2: another round of quantitative easing. It'll happen.

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Speaker 3: Everybody next crashed, maybe twenty eight or twenty.

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Speaker 2: Nine, it'll happen.

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Speaker 3: It will happen. Its gonna be a few years.

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Speaker 2: Yeah, give it. Give us some time to breathe.

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Speaker 5: Okay.

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Speaker 6: If they're telling you they're tightening it, which that's code

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Speaker 6: for destroying the new wealth, new money.

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Speaker 3: That got created.

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Speaker 6: Why would they put interest rates back at zero for

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Speaker 6: new wealth to come out?

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Speaker 3: They're not. It's part of the cycle. That's what.

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Speaker 6: Like when I told everyone go get that Ray Dollio book,

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Speaker 6: like that was a super cheat.

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Speaker 3: Code to tell you, Like what was happening.

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Speaker 6: The Fed have and I need everyone realizes every entitea

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Speaker 6: and every person is responsible for their team winning. Only

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Speaker 6: even a federal reserve, they have their own best interest

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Speaker 6: at heart when they're doing these things.

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Speaker 3: As they should.

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Speaker 6: You have to know what cycle you're in and where

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Speaker 6: you fit in in that piece in order to know

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Speaker 6: how to play the game. So when I'm telling you

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Speaker 6: guys about direction and timing and wave and lunar cycles

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Speaker 6: and pyramids and everything, if you go watch every episode

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Speaker 6: of Market Monday's you had a blueprint that's the scholarship

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Speaker 6: and a hits Finn, you will know how to play

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Speaker 6: this game accurately.

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Speaker 2: Yep, yep, I'll be fresh as how if the Feds

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Speaker 2: watching always another great h.

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Speaker 2: Or of our time to Yeah, if words come to words,

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Speaker 2: just stay fresh. But you never know if the world

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Speaker 2: falls apart, look your best. Yes, I'll be fresh boards.

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Speaker 3: That is not literal advice for those of you that

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Speaker 3: are part of Mark.

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Speaker 5: Especial.

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Speaker 6: This is high level for the record from my team

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Speaker 6: back home in Chicago, Gary, South Side of Chicago. Nap

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Speaker 6: No look, Bummy, Wolves is out.

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Speaker 5: Wolves, Wolves is out, Wolves is out.

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Speaker 2: I'll be fresher.

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Speaker 5: Shout shot, shout the tip. Today's birthday, Todays's birthday. Shout

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Speaker 5: the t I P shout out to.

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Speaker 4: One of the greatest of all time that's ever lived,

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Speaker 4: the best rapperup alive, Little Wayne.

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Speaker 5: Dwayne called his fortieth birthday. It was yesterday.

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Speaker 2: Shout they got birthday's Yeah.

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Speaker 4: I remember it was left like early, like two thousands,

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Speaker 4: like two thousand and seven, when it was all hot.

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Speaker 5: He had that big Atlanta party. It was like Cheezy

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Speaker 5: had his birthday.

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Speaker 3: And it was I wish George Power album.

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Speaker 2: Yeah, shout to him, Yeah, shout out to Wayne and shot.

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Speaker 2: Tip a good friend of the show. He's been on

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Speaker 2: uh show, He's been on YEP and just all good dude, man,

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Speaker 2: very very solid, good dude. We went to his first

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Speaker 2: comedy show, legendary, legend bunch.

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Speaker 3: Of talented man, fat and low key.

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Speaker 6: I'm not gonna say he found the but he was

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Speaker 6: one of the first people to embrace the up. He

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Speaker 6: saw something in him early and thug like low Ki

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Speaker 6: brought Tip back for a second too. So like that,

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Speaker 6: like Tip has a good eye for talent, like that

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Speaker 6: he does not get.

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Speaker 2: Credit for free Gunner free y mself.

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Speaker 5: Yeah, it ain't about the marand yes.

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Speaker 2: Trap Wall Street trapper stated if Apple falls saw one

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Speaker 2: hundred and thirty dollars, the market will fall apart. Do

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Speaker 2: you believe this to be true? And if not, what

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Speaker 2: price would be a sign?

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Speaker 3: Shout out to the.

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Speaker 5: Trapper and let me give contacts to the people out

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Speaker 5: there for you. I know you're gonna go crazy. All right,

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Speaker 5: So market tap wise, biggest company right has the biggest.

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Speaker 4: Market tap But I waited, So the percent of how

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Speaker 4: much of the influence and dominance that Apple has on

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Speaker 4: the S and P is seven percent, so it's five

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Speaker 4: hundred company seven percent is just weighted average.

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Speaker 5: Uh and on the mastep's fourteen percent. So just keep

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Speaker 5: that in context. I'm throwing into the gam.

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Speaker 3: Yeah, trying to tryus, my guy. I appreciate it.

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Speaker 6: Have been in an episode with Peter that was I

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Speaker 6: think that was one of our best episodes. Like the

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Speaker 6: Energy was it amazing, But the Trap even trap ad

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Speaker 6: lives when we talk, was like amazing.

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Speaker 3: So kudos to him.

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Speaker 6: One thirty is going to be a key level, like

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Speaker 6: I mapped out one for me and trap price is

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Speaker 6: always be eight nine ten dollars apart maximum.

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Speaker 3: But yeah, I figures thirty. They can be tough. They

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Speaker 3: can be really tough.

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Speaker 8: Man.

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Speaker 6: I will starting to worry about global depression at that point, Seriously,

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Speaker 6: I would, because if they're in.

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Speaker 2: Trouble, I Fi might be a little chot. Like you're

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Speaker 2: a little chopped and screwed right now.

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Speaker 5: They're trying to put you in the matricen.

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Speaker 2: Yeah, you're chopping screwed.

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Speaker 5: Yeah. So it's at one fifty right now.

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Speaker 2: So as we wait for Ian to get his Wi

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Speaker 2: Fi signal together, somebody had asked about eyebonds, uh and

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Speaker 2: the chat. I actually wanted to talk about that because

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Speaker 2: we did speak about that before. But it is a

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Speaker 2: great way to hedge against inflation. The only thing with

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Speaker 2: eyebons I think going most that you could put it

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Speaker 2: in ten thousand dollars. Well, yeah, but I do think

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Speaker 2: you can put it in twenty thousand if you're married,

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Speaker 2: gotcha right now? So eyebonds are government bonds that track

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Speaker 2: that go based off the inflation rate. So yeah, it's

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Speaker 2: a good time to buy eyebonds right now because obviously

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Speaker 2: inflation is very high, so you'll be earning. I think

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Speaker 2: what's the percentage right now? I think it's like, I

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Speaker 2: don't know, it might be like six percent. It was

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Speaker 2: seven percent a couple of months ago. So that's been

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Speaker 2: locks it in for six months at a time, I believe.

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Speaker 2: But yeah, I think you're only put in Well I

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Speaker 2: shouldn't say only, because ten thousand dollars still you know

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Speaker 2: a good amount of money.

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Speaker 5: Well you were there on ten thousand, ten thousand and

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Speaker 5: twenty thousand if if.

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Speaker 2: You're married, yeah, but if you yeah, it is a

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Speaker 2: good way, uh to beat inflation, or at least keep

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Speaker 2: up with inflation and it is, it's definitely gonna be

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Speaker 2: paying much higher than any bank or savings account, so

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Speaker 2: definitely something to consider the interested in that.

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Speaker 9: So it says here that the limit for purchasing advos

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Speaker 9: in person, So a married couple can each put up

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Speaker 9: to ten thousand any investment annually, or up to fifteen

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Speaker 9: thousand if they both also elect to get text refunds

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Speaker 9: in payer.

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Speaker 2: So I believe it says nine pointy six percent right

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Speaker 2: now in chat. So but yeah, nine pointy six percent.

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Speaker 2: That can't really beat that.

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Speaker 10: Yeah, my graduates from my school being forced back drop

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Speaker 10: bag drop might drop bag drop drop.

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