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On today’s show, we discuss:
- Powells Jackson Hole Speech: Bad news for 60/40 investors
- Dollar-cost averaging in a bear market
- My husband just retired. I’m scared to death of running out of money.
- The exact age when you make your best financial decisions
- Zillow home loans offers a 1% down payment option, opening home ownership to more borrowers
- Zillow to offer a 1% down payment loan program
- Another reason houses are getting more expensive
- Americans are bailing on their home insurance
- Few Americans are aware of growth in the number of US jobs
- The damning verdict of viewers on US cable TV
Tropical Bros Shirts:
Listen Here:
Recommendations:
- Fly on the Wall with Steve Martin and Martin Short
- Making It Look Easy is Hard Work (AWOCS)
- Born Standing Up
- I Must Say
- You Are So Not Invited To My Bat Mitzvah
- Joe Pickett
- Interstellar
Charts:
Tweets:
Remember when people said the SVB thing was a brand new QE and the Fed would never reduce their balance sheet?
Wrong again doomers.
h/t @StrategasRP pic.twitter.com/XkOVSPI8bU
— Michael Antonelli (@BullandBaird) August 28, 2023
Total ICI money market fund assets (blue) continue to soar, but important to keep in mind that amount is still muted relative to size of stock market (orange) pic.twitter.com/MKYKTXVYjH
— Liz Ann Sonders (@LizAnnSonders) August 22, 2023
This is just a mind-blowing graph, showing the average rate on US mortgages outstanding. The effective rate that borrowers are paying on their home loans is 3.60%. No wonder people don't want to move from their current homes and/or feel trapped pic.twitter.com/TKFcRdlFa1
— Robert Burgess (@BobOnMarkets) August 22, 2023
U.S. home prices, as measured by the Zillow Home Value Index, set a new all-time high in July.
But when you dig deeper, you'll find there's still a lot of red.
Why? The home price correction has packed a bigger punch at the top end of the market. pic.twitter.com/DRRMVeXYRY
— Lance Lambert (@NewsLambert) August 27, 2023
Amazon has talked with Disney on a new ESPN streaming service.
Maybe more notable is that ESPN is considering charging between $20-$35 for the new service, though that could increase.
Figuring out ESPN's future will come at a high cost.
New from me: https://t.co/QooDB6k9wK
— Sahil Patel (@sizpatel) August 24, 2023
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