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1871: Mortgage Credit Availability Index Drops! MacroVoices Patrick Ceresna: Long Inflation Cycle
Manage episode 334941366 series 2294384
Welcome to today’s episode of The Creating Wealth Show where Jason Hartman reminds you that there is an important distinction to make between interest rates, housing affordability and the ability to qualify for a loan based on the usual things, such as credit score and debt-to-income ratio. There's a general overriding concept of credit availability, not directly related to interest rates: this is the willingness of lenders to lend and the ability of borrowers to borrow, measured by the Mortgage Credit Availability Index (MCAI). The credit supply is down, meaning it is now harder to get a mortgage than it used to be.
Jason Hartman welcomes Patrick Ceresna, Founder of Big Picture Trading and host of the MacroVoices Podcast to the show today to talk about the current macroeconomic picture we are facing today. Patrick explains why our inflation problems are not going away anytime soon. The only mechanism which the central banks have to slow an economy is the cost of credit, reflected in interest rate policy. However, the problem in this cycle is that when the inflation is not driven by massive demand, but rather supply issues, then the ability for monetary policy to actually have an impact diminishes.
Key Takeaways:
Jason's editorial
0:00 Welcome Empowered Investors from 189 countries world wide
1:45 Mortgage Credit Availability Index (MCAI)
2:58 The Great Recession, the mortgage meltdown and The Big Short
5:50 Credit supply in a credit based economy
6:30 Empowered Investor Pro - EmpoweredInvestor.com
8:42 Wall Street is the modern version of organized crime
9:52 Regulating the food supply
11:49 Messaging apps and insider trading
14:31 Last week, the Euro reached parity with the dollar
17:40 Downward pressure on the inflationary spiral
18:46 Why Dave Ramsey is wrong
Patrick Ceresna's interview
21:17 Today’s guest Patrick Ceresna, Founder of Big Picture Trading
22:05 Patrick’s current macroeconomic picture
24:05 Energy shortage - oil vs green
27:48 CPI inflation numbers could come down, but it’s no merit of the Fed
29:26 The 70s had three waves of inflation
31:15 The global pandemic was a unique event
32:51 What investments do you own in an environment like this?
38:13 Could derivatives crash the global economy?
40:50 There a global system risk, not just American
42:44 We are in a fourth turning and there will be some major financial institution reset eventually
42:58 The destruction of purchasing value is the driver of a monetary driven inflation
47:01 The US dollar rising right now is going to keep inflation in check
49:59 At the end of every bear market is a once a decade opportunity to buy a lot of cheap stuff
51:38 A good investor or trader knows when to leave a party and go to a new one
53:37 Learn more at BigPictureTrading.com and check out Patrick’s podcasts: MacroVoices and Market Huddle
Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/
Learn More: JasonHartman.com
Get wholesale real estate deals for investment or build a great business – Free course: JasonHartman.com/Deals
Free White Paper on The Hartman Comparison Index™: HartmanIndex.com/white-paper
Free Report on Pandemic Investing: PandemicInvesting.com
Jason’s TV Clips in Vimeo
Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect
Special Offer from Ron LeGrand: JasonHartman.com/Ron
What do Jason’s clients say? JasonHartmanTestimonials.com
Contact our Investment Counselors at: www.JasonHartman.com
Watch, subscribe and comment on Jason’s videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos
Guided Visualization for Investors: JasonHartman.com/visualization
Jason’s videos in his other sites:
Jason Hartman’s Extra YouTube Channel
Jason Hartman’s Real Estate News and Technology (RENT) YouTube Channel
2037 afleveringen
Manage episode 334941366 series 2294384
Welcome to today’s episode of The Creating Wealth Show where Jason Hartman reminds you that there is an important distinction to make between interest rates, housing affordability and the ability to qualify for a loan based on the usual things, such as credit score and debt-to-income ratio. There's a general overriding concept of credit availability, not directly related to interest rates: this is the willingness of lenders to lend and the ability of borrowers to borrow, measured by the Mortgage Credit Availability Index (MCAI). The credit supply is down, meaning it is now harder to get a mortgage than it used to be.
Jason Hartman welcomes Patrick Ceresna, Founder of Big Picture Trading and host of the MacroVoices Podcast to the show today to talk about the current macroeconomic picture we are facing today. Patrick explains why our inflation problems are not going away anytime soon. The only mechanism which the central banks have to slow an economy is the cost of credit, reflected in interest rate policy. However, the problem in this cycle is that when the inflation is not driven by massive demand, but rather supply issues, then the ability for monetary policy to actually have an impact diminishes.
Key Takeaways:
Jason's editorial
0:00 Welcome Empowered Investors from 189 countries world wide
1:45 Mortgage Credit Availability Index (MCAI)
2:58 The Great Recession, the mortgage meltdown and The Big Short
5:50 Credit supply in a credit based economy
6:30 Empowered Investor Pro - EmpoweredInvestor.com
8:42 Wall Street is the modern version of organized crime
9:52 Regulating the food supply
11:49 Messaging apps and insider trading
14:31 Last week, the Euro reached parity with the dollar
17:40 Downward pressure on the inflationary spiral
18:46 Why Dave Ramsey is wrong
Patrick Ceresna's interview
21:17 Today’s guest Patrick Ceresna, Founder of Big Picture Trading
22:05 Patrick’s current macroeconomic picture
24:05 Energy shortage - oil vs green
27:48 CPI inflation numbers could come down, but it’s no merit of the Fed
29:26 The 70s had three waves of inflation
31:15 The global pandemic was a unique event
32:51 What investments do you own in an environment like this?
38:13 Could derivatives crash the global economy?
40:50 There a global system risk, not just American
42:44 We are in a fourth turning and there will be some major financial institution reset eventually
42:58 The destruction of purchasing value is the driver of a monetary driven inflation
47:01 The US dollar rising right now is going to keep inflation in check
49:59 At the end of every bear market is a once a decade opportunity to buy a lot of cheap stuff
51:38 A good investor or trader knows when to leave a party and go to a new one
53:37 Learn more at BigPictureTrading.com and check out Patrick’s podcasts: MacroVoices and Market Huddle
Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/
Learn More: JasonHartman.com
Get wholesale real estate deals for investment or build a great business – Free course: JasonHartman.com/Deals
Free White Paper on The Hartman Comparison Index™: HartmanIndex.com/white-paper
Free Report on Pandemic Investing: PandemicInvesting.com
Jason’s TV Clips in Vimeo
Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect
Special Offer from Ron LeGrand: JasonHartman.com/Ron
What do Jason’s clients say? JasonHartmanTestimonials.com
Contact our Investment Counselors at: www.JasonHartman.com
Watch, subscribe and comment on Jason’s videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos
Guided Visualization for Investors: JasonHartman.com/visualization
Jason’s videos in his other sites:
Jason Hartman’s Extra YouTube Channel
Jason Hartman’s Real Estate News and Technology (RENT) YouTube Channel
2037 afleveringen
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