AMA 182 – Examining Inflation and Deflation with Jason Hartman’s Asset Matrix

Single-family homes sales rose in January. This has made income property inventory low. Jason shares a live recording from a previous seminar in which he thoroughly explains why investing in a single family home as income property is the only logical investment during an inflationary period. And, if the signs are correct the U.S is entering an inflationary period under the Trump administration.

Key Takeaways:

[0:44] Inflation induced debt destruction by way of a mortgage.

[2:51] Jason explains how the government manipulates inflation numbers through hedonic adjustment.

[10:19] The ultimate investing equation.

[17:38] Anything that does not produce income is not an investment.

[19:29] Cash and bonds are destroyed by inflation.

[21:31] The IRS does not account for inflation.

[24:45] During deflationary periods people default on their loans.

[27:08] If you have a corporate job you are paying more taxes than the self-employed.

Website:

www.JasonHartman.com/Properties

AMA

AMA 181 – The Sale of a Lifetime with Harry Dent

Bubbles abound in the world of investing, and today is no different. Jason welcomes Harry Dent, author of The Sale of a Lifetime, about what’s going on today in the stock market, real estate market, political world, and worldwide economic statuses. Harry points out what nation in Europe that reminds him of Japan before their massive downturn, and gives Jason a rundown of what to look for BEFORE you see a bubble burst.

The two look at what you might actually want to be investing in when the bubble bursts.

Key Takeaways:

[4:42] The massive bubble that is Chinese real estate

[12:46] Why Harry studies 80-250 year cycles when the world is rapidly changing today

[15:31] Examining the Trump rally

[24:02] Why Jason hates the Case Shiller Index

[28:14] The phases of a housing crash

Website:

www.HarryDent.com

AMA

AMA 180 – Why Knowing Things Still Matters When Facts Are So Easy to Look Up with William Poundstone

For this 10th Episode, Jason goes off topic and welcomes William Poundstone, author of the new book, Head in the Cloud: Why Knowing Things Still Matters When Facts are So Easy to Look Up. Mr. Poundstone is also the author of the New York Times best-selling books, Fortune’s Formula: The Untold Story of Scientific Betting System that Beat the Casinos and Wall Street, Priceless: The Myth of Fair Value and How to Take Advantage of It and Gaming the Vote: Why Elections Aren’t Fair and What We Can Do About it.

Key Takeaways:

[1:12] William explains the premise of his latest book, Head in the Cloud.

[5:03] Having a general knowledge of baseline facts and the Dunning-Kruger effect have humbling assets.

[7:28] The larger a person’s vocabulary is akin to their ability to think.

[11:12] How does America stack up on the map of ignorance?

[13:43] Americans will vote for judges with less ethnic sounding names if they don’t know the candidates.

[19:51] The Kelly Formula informs a user of the optimal amount you should be putting on each bet or investment.

Website:

www.William-Poundstone.com

AMA 179 – Happier Investors in Today’s Market with Frances Donald

Frances Donald, Senior Economist at Manulife Asset Management and Chief Economist at John Hancock Financial Services, explains to Jason the changes in consumer, investor, and executive sentiment numbers in the home and job market. While we don’t know exactly why the economic is experiencing such a resurgence, Frances does attribute at least some of it to the potential policy changes Trump is looking to bring.

Frances and Jason also discuss pent up real estate demand, and how student loan debt is impacting that.

Key Takeaways:

[0:57] Investor sentiment gives a positive outlook for the US economy

[3:39] Is Trump the cause of the economic forecast?

[4:56] Rising interest rates present a challenge for the housing market

[7:57] Trump is inspiring confidence in companies all across the country

[9:38] Real estate investment is a small part of the total economy

[14:30] There are two true drivers of rental housing

[16:47] The housing and rental markets are not currently in their natural order

[20:26] The importance of demographics in relation to wage growth

Websites:

www.JohnHancock.com

@FrancesDonald

There are fewer multipliers to growth from a rental market than there are from a housing market.

AMA 178 – The Breaking Point: Profit from the Coming Money Cataclysm with James Davidson

Jason Hartman talks with James Dale Davidson, co-founder of Agora Publishing, Founder of the National Taxpayer’s Union, co-editor of Strategic Investment for the Sovereign Society, and founder of Newsmax. James has just written his newest book, The Breaking Point: Profit from the Coming Money Cataclysm. James believes that, in his lifetime, we are likely to see a massive marketplace disaster compliments of Obamacare, Chinese ghost towns, printing money, and other bad economic decisions.

Key Takeaways:

[1:20] The Western Civilization has a new business model and social contract

[5:57] Some of Trump’s support came because middle class white voters are experiencing a decline in their life expectancy

[9:13] What does the US economy look like under a Trump presidency?

[10:27] James’ latest book, The Breaking Point, examines the relationship between drug companies and the food industry.

[14:19] Some business savvy for our politicians would help them out a lot

[18:00] Bernie Sanders and Karl Marx share some similarities

[20:02] Fake capital lets people borrow money practically for free

[27:26] We can’t keep passing the buck down generation after generation

[31:22] Chinese ghost towns used more cement in a dozen years than our entire country did in the 20th century

[37:27] Chile has provided most of the copper used by the Chinese

[40:48] We are staring into the face of the biggest economic crisis in history

Website:

The Breaking Point: Profit from the Coming Money Cataclysm

www.SovereignSociety.com

AMA 177 – How Changing Technologies Will Impact Our Living (and Working) Markets with Matt Slepin

The housing market is always on a pendulum, but where are we now? Self driving cars are going to be changing the dynamics of our society, but are they going to push more people into the city or have more people moving to the suburbs? Jason Hartman and Matt Slepin, President of Terra Search Partners, discuss what is going on in real estate today, and how our changing environment is impacting real estate in the future.

Key Takeaways:

[2:36] Where Matt thinks we are in the business cycle, and whether we’ve overbuilt apartments

[6:49] The issues going on in the retail and office investment markets, and why apartment investing makes more sense these days

[11:13] The rise of the autonomous vehicles and how they will change the real estate demand equation

[15:29] What does Urban Land Institute do and what issues are being discussed?

[19:22] What Matt has learned in his real estate podcast

[22:51] Two conflicting trends in property management

Website:

www.TerraSearchPartners.com

AMA 176 – Too Big to Save: How to Fix the U.S. Financial System, with MIT’s Sloan School of Management’s Bob Pozen

The Trump administration will bring changes to the real estate market. Legislation and regulation changes could help small and medium size banks while also increasing the amount of lending done by the biggest banks. Jason Hartman talks with Bob Pozen, Senior Lecturer at MIT’s Sloan School of Management and former Associate General Counsel for the SEC, about these things, and what is realistic to expect under President Trump. Bob is author of Extreme Productivity and Too Big to Save.

Key Takeaways:

[2:11] Legislation that may be changed through banking system while Dodd-Frank is left as is.

[5:50] Small and medium sized banks need regulation relief

[7:33] Fannie Mae and Freddie Mac are having problems because they were never made public or private

[11:13] FHA and VA insure all mortgages made by banks

[11:55] Real estate prices will rise as money flows into the market

[14:46] Rising rates will bring a temporary increase in home purchases, but will level off soon thereafter

[15:28] Pozen was chosen by President Bush to join a bipartisan commission to strengthen Social Security.

[17:00] Security and Exchange Commission has constraints regarding employees working for corporations after their service.

[19:22] Getting to the gist of Bob Pozen’s book Too Big to Fix.

[21:59] Peer-to-Peer lending is pretty much unregulated.

[23:38] As the economy strengthens banks should lend more.

Websites:

www.BobPozen.com

AMA – 175 – Speculator and the International Man with Doug Casey

Doug Casey is a (successful) speculator, a libertarian philosopher, and a best-selling author. He has a reputation for his sometimes controversial insights into politics, economics, and investments. His speculation is often called “rational speculation”, and he’s one of the authorities on the matter, and is highly regarded in the high-potential natural resource sector.

Doug’s new book, Speculator, is a venture into fiction, a departure for him. Jason Hartman and Doug discuss the new book, how to be an international man today, and real estate all over the world.

Key Takeaways:

[1:45] A quick rundown of Doug’s new book Speculator

[4:40] Speculator is the first in a series, and has some main topics that Doug explores.

[8:35] Doug’s book International Man made him semi-famous and is the most sold book in Rhodesian history

[12:30] The world’s move toward the singularity

[15:50] The scam that is college education and tuition

[20:20] Diversifying yourself internationally

[24:20] Is the world flat now?

[29:00] We’re at the beginning of the next crash while riding the tail of the previous crash

Website:

www.CaseyResearch.com

Speculator: High Ground

AMA 174 – Goodnight Obama with Dr Jerome Corsi

It might look like a children’s book, but Goodnight Obama is more than just that. It’s an important reminder that parody is critical in this day and age.

Dr Jerome Corsi is author of Goodnight Obama, and is also head of the Washington, DC News Bureau for Alex Jones and Infowars.com. The two discuss his newest book, as well as what Jerome is expecting out of President Trump, and where we are in the business cycle.

Key Takeaways:

[1:10] The idea behind Jerome’s Goodnight Obama book

[6:41] Whether people who didn’t vote for Trump are going to be pleasantly surprised when they realize what he’s doing in office

[17:30] What Trump means when he talks about “infrastructure spending” isn’t what most liberals think

[21:46] According to the idea of business cycles we’re due for a recession. Is it going to hit Trump, will he avoid it, or is the idea of a business cycle outdated?

[24:23] The USA return to a carbon based economy

Websites:

www.WND.com

@Jerome_Corsi

www.GoodnightObama.com

AMA 173 – Shall We Wake the President? with Tevi Troy

Tevi Troy, President of American Health Policy Institute and former Deputy Secretary of the US Department of Health and Human Services, joins Jason Hartman to discuss his newest book Shall We Wake the President?: Two Centuries of Disaster Management from the Oval Office.

The two take a look into the history of American presidents handling of disasters, as well as trying to look at our current president, Donald Trump, to see if there are any signs as to how he might handle a disaster. Jason also probes the former Deputy Secretary about how the Republicans might actually be able to craft a replacement for Obamacare that the Democrats might actually support, and that would actually improve our system.

Key Takeaways:

[1:07] The best and worst presidents at handling disasters

[4:43] How Tevi thinks Donald Trump will handle disasters

[7:20] The newness of Trump’s cabinet to politics could create a problem if there’s an early disaster during his presidency

[10:29] How pop culture impacts presidents

[13:05] Tevi outlines a path that he believes Republicans should take to get a new healthcare bill passed

[16:10] How Trump’s participation in pop culture might play a role in his presidency

Website:

www.TeviTroy.org

@TeviTroy

Shall We Wake The President?

AMA 172 – A Radical Manifesto with Bill Ayers

Just before the election, Jason Hartman talked with Bill Ayers, a retired Professor of Education, contributor to academic journals, and an original member of the Weather Underground. Bill has written several books, including his newest, Demand the Impossible! A Radical Manifesto. Jason and Bill discuss eight major points from his book, and look into what the US can do to right itself.

Key Takeaways:

[1:28] Demand the Impossible calls for Americans to release their imaginations and consider the impossible.

[3:51] The eight issues addressed in Bill Ayers’ Demand the Impossible! A Radical Manifesto.

[5:06] Privatized prisons are destroying America. The US has 20% of the prisoners in the entire world.

[6:50] What does public safety look like for free people in a democratic society?

[9:09] You can’t label Bill has a tax and spend liberal

[12:28] The US needs a massive education reform

[21:14] Democratic and the Republican parties agree on war and Wall Street, but little else.

Website:

www.BillAyers.org

www.HaymarketBooks.org/pb/Demand-the-Impossible

AMA 171 – Navigating Turbulent Markets with Nick Sargen

The market is moving and it seems to be moving in the right direction for real estate investors. The historical average for appreciation for single family homes is ~6% nationwide. If you are already an income property investor, the good news is rents may be pushing upward. Jason’s guest today is the author of the new book, Global Shocks: An Investment Guide for Turbulent Markets. Nick Sargen is Senior VP and Chief Economist at Fort Washington Investment Advisors. He is a former economist at Morgan Guaranty trust, Salomon Brothers, Prudential Insurance and JP Morgan. He shares his insights about how the markets will react to a Trump presidency.

Key Takeaways:

[1:05] President-elect Trump may lead the US with a pro-business stance.

[4:33] Trump is a spender which could lead to higher interest rates.

[5:45] Nick Sargen worries about Trump’s trade issue.

[9:41] Budget deficits do not mean inflation.

[12:08] Trump will be a pro-growth, real estate president.

[15:00] The market is moving with the belief that all of Trump’s policies will promote growth.

[17:50] Diving into the Global Shocks: An Investment Guide to Turbulent Markets book.

[20:24] How to capitalize on a bubble.

[24:08] Financial institutions have led the way during the current stock market rally.

Website:

Nick Sargen

Global Shocks

AMA 170 – Boost or Bust Your Credibility with these Hidden Behavior Cues with Kare Anderson

Jason Hartman talks with Kare Anderson about the nuances of human communication. Kare is an Emmy award winning journalist, reporting for such outlets as NBC, Wall Street Journal, Forbes, and the Huffington Post.

Kare’s TED Talk on becoming an opportunity makers has over a million views, she’s a co-founder of 9 PACs, and author of such books as Mutuality Matters and Moving From Me to We. She’s considered an expert on connective behavior.

Key Takeaways:

[2:32] What does connective behavior mean?

[4:49] Simple ways for people to connect include getting specific sooner, showing warmth before competence, sitting sidle and walking.

[7:33] Create a bigger pie when someone is attacking you.

[8:49] Don’t let other people determine your behavior, plan your own course first

[9:27] A connective leader has the most clout.

[12:05] Look for something you like about someone and keep it in mind every time you see that person.

[16:28] How do journalists like Kare Anderson get people to open up and provide a fuller, richer story during an interview?

[19:50] How did the Bruce/Caitlyn Jenner and Diane Sawyer handle their roles during the interview?

[25:44] To have a meaningful and accomplished life means being grounded and truly listening to other people.

Website:

www.SayItBetter.com

AMA 169 – The American Boomberang: How the World’s Greatest Turnaround Nation Will Do It Again with Nick Adams

Jason Hartman talks with Nick Adams, founder and Executive Director of FLAG, the Foundation for Liberty and American Greatness. The two take some time to discuss Nick’s bestselling book, The American Boomerang: How the World’s Greatest Turnaround Nation Will Do It Again. They also delve into their expectations for Trump’s presidency, and Nick explains why he’s of the belief that Trump very well might be a great American president for the next 8 years.

Key Takeaways:

[1:51] The American Boomerang details what Nick thinks an American Renaissance needs to actually take place

[3:41] Nick is a proud Trump supporter, and started reading Trump’s work when he was 11 and read The Art of the Deal

[7:40] The Tall Poppy Syndrome does not apply in the US.

[12:12] American is considered exceptional in the world culturally, militarily, economicly, and scientifically

[15:31] Consumer confidence needs to improve to ramp up the economy

[16:30] 5 key elements America needs to get an economic boomerang

[20:18] What should we expect in President Trump’s 4 years?

Website:

www.flagusa.org

AMA 168 – Following Federal Reserve Policy to Improve Your Financial Returns with American College’s Dr. Robert Johnson

Jason Hartman talks with Dr. Robert Johnson, President and CEO of the not for profit American College. Dr Johnson has written Invest with the Fed: Maximizing Your Portfolio Performance by Following Federal Reserve Policy, Strategic Value Investing, and the study “What to Expect When You’re Electing”. The two men investigate market strategies, how one party controlling Congress and the Presidency does to the economy, and how asset classes react to interest rate changes.

Key Takeaways:

[3:08] The reforms the Republican party could bring while controlling two branches of the government

[6:34] Invest with the Fed analyzed how asset and equity classes perform during different interest rate environments.

[9:22] Stock market growth is higher when democratic presidents are serving or when there is political harmony.

[12:00] Long-term perspectives show the economy and the stock market move forward together.

[14:40] The best strategy is a long-term market strategy.

[16:19] Equity real estate investment trusts perform very well during rising rate environments.

[18:14] Will the cost of small business financing go up under a Trump administration?

[21:00] Is this time going to be different?

Website:

www.theamericancollege.edu

AMA 167 – Waffle Street: The Confession & Rehabilitation of a Financier with James Adams

Jason Hartman talks with James Adams, former Waffle House employee and analyst. His new book, Waffle Street: The Confessions & Rehabilitation of a Financier, tells of his time working on Wall Street during the housing market crash. After exiting the modern version of organized crime that is Wall Street, James got a job at Waffle House. His time there led him to write his book (now movie starring Danny Glover).

James explains the central banking system, the ramifications of printing money, and which major nation the next crisis might wipe out.

Key Takeaways:

[1:25] James’ original title for the book

[5:02] While some areas of the book are dramatized, the crisis was on a bigger scale than anyone could imagine.

[6:25] Haphazard underwriting and an improbable US housing decline made many US financial institutions to reassure clients until the crash happened

[9:23] The ripple effects of leverage because of how out of whack rent to home price ratios were

[12:05] James fears the treasury balance sheets of G8 countries could be the cause for another meltdown.

[14:23] Central banks are creating electronic liabilities.

[16:10] What needs to be done to the banks before we can even begin to solve our underlying problems

[21:59] Printing money works until it doesn’t

[22:38] Japan has many factors that are working against their long term success

[23:58] Are options on Japanese debt a good idea?

[26:05] The Waffle Street film is trending well on Netflix and is experiencing good distribution.

[27:10] James has another movie and works as a Senior Research Analyst

Website:

http://www.wafflestreetmovie.com
https://twitter.com/wafflestmovie

AMA 166 – Everything You’ve Been Told About the Economy is Wrong with Ed Conard

Jason Hartman and Ed Conard, founding partner of Bain Capital, discuss the current economic situation facing America. Conard is the author of Unintended Consequences: Why Everything You’ve Been Told About the Economy is Wrong, and The Upside of Inequality: How Good Intentions Undermine the Middle Class. The conversation includes discussion on CEO pay, the tech industry, and the impact of current regulations on competition in the marketplace.

Key Takeaways:

[1:28] Ed the tremendous growth Bain Capital was able to achieve while he was there with Mitt Romney

[3:30] Bain Capital offered clients the ability to invest in capital management and management supervision deals

[5:07] Bain Capital also used a higher risk strategy, which allowed them to capitalize on investments in undervalued assets.

[7:21] The Upside of Inequality explores the American workers productivity

[12:18] The US economy is accelerating and the Fortune 400 continues to have turnover, which are both good signs for our country

[14:47] CEO pay may grab headlines, but it may not be quite so outlandish

[19:36] Tech companies pay less taxes and have fewer regulations

[21:22] Profitability in the tech sector continues to grow

[22:23] There’s a profitability squeeze in most of the economy

[24:45] Trained talent and risk tolerance are the limiting factors to growth in this new economy.

Website:

www.EdwardConard.com
www.twitter.com/edwardconard

AMA 165 – A New Light Shines on Real Estate Investing with Gary Pinkerton

Jason Hartman and one of his clients, Gary Pinkerton discuss an article from Vox.com called “27 Charts That Will Change How You Think About the American Economy”. With shifts in recent years regarding productivity, demographics, and inflation, Jason and Gary evaluate what kind of impact this will have on US real estate investing.

Key Takeaways:

[3:40] How Gary found Jason

[5:57] Introducing “The 27 Charts that will change how you think about the American economy”

[10:07] The service industry has a crucial indicator for the American standard of living

[13:59] Labor force numbers have been decreasing since 2000

[16:30] Urban areas are one of the few in the country that are growing

[21:05] Inflation-adjusted home prices

[26:18] Construction costs have not been keeping pace with housing prices

[30:42] American retirement no longer means the same thing

Websites:

www.VentureAllianceMastermind.com
www.vox.com/new-money/2016/10/10/12933426/27-charts-changing-economy

AMA 164 – The Future of Real Estate Investing Under President Donald Trump with Daren Blomquist

Jason Hartman talks with Daren Blomquist, Senior VP at ATTOM Data Solutions and the Executive Editor of ATTOM’s award-winning Housing News Report. The two look into the impact our new President, Donald Trump, could have on real estate investing, how he might change the economy, and what sort of regulations (or lack thereof) that might impact our investing future.

Key Takeaways:

[1:43] Trump’s presidency could have significant implications for real estate investors and the US economy

[5:55] Lack of real wage growth has created housing affordability issues

[8:46] Low interest rates tend to spure housing bubbles

[11:33] Housing prices keep rising, whereas home ownership is at a 50 year low

[15:43] What would repealing Dodd-Frank do to investing?

[19:11] ATTOM’s Housing News Report examines why big banks are currently exiting the mortgage business

[20:16] The trend of rising foreclosure activity continued in October 2016

[24:29] A $1 trillion infrastructure investment will be a boost for real estate investors.

[25:36] Get a free year of ATTOM’s Housing News Report by emailing [email protected] and mention “Creating Wealth”

Websites:

http://www.realtytrac.com
http://www.realtytrac.com/news/tag/marketing-list
http://www.attomdata.com

AMA 163 – How Investment Opportunities in Real Estate Are Changing in Today’s Financial Environment with Andrew Wright

Jason Hartman talks with Andrew Wright, CEO and Managing Partner at Franklin Street. During his time in real estate, Andrew has been involved in over $1 billion in real estate and finance transactions, as well as more than $800 million in debt resolution.

Jason and Andrew discuss how commercial real estate has had to adjust to the changing social dynamics, and where you might best be investing your money today.

Key Takeaways:

[1:20] What to expect from our first real estate president

[4:44] Retail centers have had to substantially change thanks to the internet

[8:16] Warehouse and delivery industries have seen a boon because of the internet bringing in things like same day shipping

[12:39] Andrew gives his opinion on how much more room we might have to grow

[16:48] Andrew dissects the current cap rate availability for commercial real estate

[18:53] The 1 investment Andrew loves today

Website:

www.franklinst.com