AMA 298: How Economic Incentives Impact Communities with Maker City’s Peter Hirshberg

Jason Hartman talks with Peter Hirshberg, founder of Maker City® Project and CEO and co-founder of Lighthouse.one, about Opportunity Zones and how they work with constructing cities. Jason and Peter explore how the incentives were created and why they are crucial to the success of projects like Opportunity Zones.

Key Takeaways:

[1:56] Economic reinvention is a bottom up thing as people found what they were good at and innovators moved into the city

[6:08] Why you have to create incentives like those the Opportunity Zone offers

[10:10] Why real estate matters

Website:

www.Lighthouse.one

www.JasonHartman.com/Properties

AMA 297: Economic Benefits of Opportunity Zones with Obama’s Sr Economic Advisor Steve Glickman

Jason Hartman talks with Steve Glickman, Senior Economic Advisor to President Barack Obama and chief architect of the Opportunity Zone project, about how the Opportunity Zone system works, the definition of an Opportunity Zone and what benefits the program provides for real estate investors.

Key Takeaways:

[1:14] There are now 8,766 Opportunity Zones across the US

[5:31] There are about 300 Opportunity Zone funds targeting $65 billion and have raised about 15% so far. How big is this expected to get?

[8:28] The 2 big factors in why zone based programs become unsuccessful

[10:16] What is the Opportunity Zone program?

[13:23] Will Opportunity Zones exacerbate gentrification?

Website:

www.Lighthouse.one

AMA 296: Globalization, Leading Indicators & Tariffs with Brian Beaulieu, ITR Economics CEO

Jason Hartman talks with Brian Beaulieu, author of Prosperity in the Age of Decline and CEO of ITR Economics, about what’s really going on in our economy right now. It’s not as doom and gloom as some people have made it out to be, and it wasn’t so a few years back. Brian explains what indicators you should really be paying attention to and what’s coming up in 2020 as well.

Key Takeaways:

[2:14] What is the next cycle going to be?

[5:27] The G7 leading indicator is something you should be watching

[9:55] The peculiarity of the trade tariffs that have been imposed

[13:06] Globalization is under severe negative pressure

Website:

www.ITREconomics.com

AMA 294: Why Capitalism Triumphs in the West by Hernando de Soto

Jason Hartman talks with Hernando De Soto, founder and President of the Institute for Liberty and Democracy and author of The Mystery of Capital:, about the elements of capitalism that are most important and how property rights are absolutely essential. They also discuss the growing sentiment toward socialism in the United States and what impact that could have.

Key Takeaways:

[1:45] The 5 mysteries of capital

[6:35] Capitalism is one of the few (if not only) systems that gives the lower classes a chance against the rich

[13:07] What we do as capitalists does not translate to what we do in politics

[17:53] The issue of equal opportunity for capital has to be addressed for capitalism to regain its popularity

Website:

www.ILD.org.pe

AMA 293: Changing Asset Management & Boom Year Ahead? with Daniel Ameduri

Jason Hartman talks with Daniel Ameduri, co-founder of Future Money Trends newsletter and author of Don’t Save For Retirement: A Millennial’s Guide to Financial Freedom, about how the working environment has changed from the Baby Boomers to Millennials and how the Millennial generation need to change their mindset about retirement in order to not be left behind when they’re ready to leave the rat race.

Key Takeaways:

[4:02] What does Daniel mean when he tells people not to save for retirement???

[8:16] Beware financial advisers, there’s more education required to be a hair stylist

[12:59] Millennials should embrace the freelance economy

[17:18] Daniel is seeing boom time for the next year

Website:

www.FutureMoneyTrends.com/Save

AMA 292: Governments & Digital Currency with Institute for Global Economic Growth’s Richard Rahn, Advisor to President George HW Bush & Chief Economist of US Chamber of Commerce for Ronald Reagan

Jason Hartman talks with Richard Rahn, Advisor to former President George HW Bush and Chief Economist of US Chamber of Commerce for Ronald Reagan, about his thoughts on digital currencies and whether they will ever full grab hold in the United States with the power of the government. They also discuss Richard’s time in politics and why he left the White House.

Key Takeaways:

[1:00] When Richard started being interested in what would eventually become cryptocurrency

[8:23] The government could target any one of us because most people are committing crimes they don’t even know about. But going after encrypted peer-to-peer transactions would be impossible

[12:16] Why does Richard think Bitcoin won’t be the answer?

[13:29] Richard’s time in the Reagan and Bush administration

Website:

www.IGEG.org

AMA 291: USA’s Continuing Economic Expansion

Jason Hartman talks with Doug about short-term debt cycles and what’s going on with our economic expansion that’s been happening for years. It’s been going on for a long time, and at some point it’s going to turn, so how do we recognize it?

Key Takeaways:

[2:10] The Wealth Effect in a booming economy

[4:44] What precipitates the turn of the economy?

[11:05] The principles that drive the stock market are the same ones that drive real estate

[14:40] Can GDP growth and stock market growth have diverging rates of growth for extended periods?

[19:57] The primary reason this economic expansion has gone on so long is that it hasn’t been inflationary

[26:16] The looming pension crisis

Website:

www.JasonHartman.com/Properties

Invest with Sven Carlin, Ph.D.

AMA 290: Cost of Complexity & the Solutions with Etienne Deffarges

In today’s 10th episode, Jason Hartman talks with Etienne Deffarges, author of Untangling the USA: The Cost of Complexity & What to Do About It, about some of the most pressing issues facing the country, such as health care and our banking system. They look at what exactly is causing the issues, but don’t just focus on the problems. Etienne and Jason also discuss the most important part of the problems: their solutions.

Key Takeaways:

[2:26] We as a society make things much more complex than we need

[7:51] Etienne’s solution for health care

[14:04] How can we improve the world of finance?

[18:15] Etienne is in favor of banks having to have a higher equity to debt requirements

[21:35] With all of these problems in the world, what’s the solution?

Website:

www.EtienneDeffarges.com

AMA 289: 9 Effects & 2 Types of Inflation

Jason Hartman and Adam examine the Investopedia article referring to the 9 common effects of inflation. The 2 types of inflation (cost-push and demand-pull) are also broken down in regards to how they impact your property value and rent.

Then the two examine what impact the Trade War with China could have on the markets properties are available in. If production from overseas come back to the United States, where are we likely to see the impact?

Key Takeaways:

[3:40] The 9 common effects of inflation

[8:36] The land value is the one that’s susceptible to big swings in value

[12:10] Cost-push versus demand-pull inflation

[15:19] How the Trade War could create cost-push inflation in the linear markets we’re investing in

[18:34] If China ever manages to create a middle class they’re going to have to deal with a new set of issues, which might make them an inopportune producer

[23:21] When labor shortages hit construction it can make it incredibly expensive to build a house and retain the workers needed

[28:00] Once the Trade War has ended, look at what job sectors are going to be impacted most and adjust your investing strategy accordingly

Website:

www.JasonHartman.com/Ask

www.JasonHartman.com/Properties

9 Common Effects of Inflation on Investopedia

AMA 288: How Tariffs Are Impacting Our Economic with ITR Economics’ Taylor St Germain

After giving a quick update on his cruise travels, Jason Hartman talks with Taylor St Germain, economic analyst at ITR Economics, about why lower interest rates haven’t spurred the higher end housing market. The two also discuss what indicators Taylor looks at to get a gauge on the economy and the impact tariffs have had and may still have yet to come.

Key Takeaways:

[1:04] Are lower interest rates good news for cyclical markets or are they just too overpriced?

[5:31] The rise in wages has helped the economy but it’s not changing the overall trend or forecasts

[9:29] Why are housing starts so important?

[14:34] ITR’s concerns with the tariffs currently being put in place

[18:50] More tariffs could potentially put us in a recession, so be very careful if we see more coming

Website:

www.ITREconomics.com