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Oil just whipsawed on a headline. Brent spiked to $111.99 on Tuesday, then reversed and settled at $108.79 when a Qatar and Pakistan "compromise proposal" hit the wires, and Iran fired back that reports a deal is close are wrong. The IRGC says two tankers were set ablaze by its mines, and Kpler counts at least 18 vessels hit in two weeks. Here's the strange part: stocks don't care. The Nasdaq 100 is up 2.3% from Friday's close, the VIX sank from 20 to 16.65, and the 10-year is still parked above 5%. Then the UK printed 3.5% inflation against 3.4% expected, and the Bank of England is eyeing a hike. Is the market pricing peace or ignoring a lit fuse? We get into it live at 11. 💥 Have you left your "honest ⭐️⭐️⭐️⭐️⭐️" review? This episode is proudly brought to you by Fridays. Because real wealth starts with your health. If you want to feel sharper, stronger, and more in control, visit joinfridays.com and use code HIGHER for an exclusive discount. 📩 NEWSLETTER: https://tr.ee/O6FWkv 👕 THS MERCH: http://www.thspod.com 🔗 Resources: UK Inflation Hits 11-Month High as Bank of England Eyes Rate Hike (Bloomberg) U.K. Consumer Price Index (YoY) For September 3.5% Vs. 3.4% Est.; 3.1% Prior (Bezinga) Oil prices fall as traders hope for diplomatic progress in Middle East (CNBC) Iran Rejects Report That Deal Is 'Close' After Qatar, Pakistan Push 'Compromise Proposal' To End War (ZeroHedge) Oil Prices Climb Above $110 as Middle East Supply Fears Persist (Yahoo! Finance) ⚠️ Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

What does it take to build a $150 million wellness empire without selling your soul - or your company - to the highest bidder? This week on The Higher Standard, Chris sits down with longtime friend Shahab Elmi, co-founder and CEO of Cymbiotika, for a conversation that goes well beyond vitamins and supplements. From betting on himself and building a bootstrapped business into a nine-figure brand to navigating the temptations of private equity, protecting product quality and learning that success means very little if your family gets the leftovers. Shahab pulls back the curtain on what it really takes to build something that lasts. Along the way, they tackle entrepreneurship, longevity, AI, fatherhood and why the most expensive ingredient in any successful business might just be integrity. Turns out, building different isn't a marketing slogan… it's a very expensive way of refusing to compromise. No games. No drama. No nonsense. 💥 Have you left your "honest ⭐️⭐️⭐️⭐️⭐️" review? This episode is proudly brought to you by Fridays. Because real wealth starts with your health. If you want to feel sharper, stronger, and more in control, visit joinfridays.com and use code HIGHER for an exclusive discount. 📩 NEWSLETTER: https://tr.ee/O6FWkv 👕 THS MERCH: http://www.thspod.com 🔗 Resources: Official Website — Premium Supplements, Innovation & Wellness (Cymbiotika) Co-Founder & CEO of Cymbiotika — Personal Instagram (Shahab Elmi @shahabelmi) Cymbiotika — Independent Supplement Ratings, Brand TrustScore & Product Testing (SuppCo) Cymbiotika Wellness Bar — Official Location & Information (Fontainebleau Las Vegas) Dietary Supplements: What You Need to Know — Quality, Safety & Independent Verification (National Institutes of Health — Office of Dietary Supplements) ⚠️ Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

Over the weekend more than 500,000 people marched across France, with cars set on fire and over 2,000 arrests. This morning French 10-year yields jumped more than 10 basis points, the CAC 40 is down about 1.7%, and France now pays more to borrow than Italy or Greece. It lands on a US market that was already jumpy: since Friday’s show the 10-year is up about 6 basis points to 5.15%, Brent is near $110, and the VIX has climbed from 16 to 18. So is France a one-day scare, or the first crack in a global bond market that’s running out of buyers? We’re going live to work through it. 💥 Have you left your "honest ⭐️⭐️⭐️⭐️⭐️" review? This episode is proudly brought to you by Fridays. Because real wealth starts with your health. If you want to feel sharper, stronger, and more in control, visit joinfridays.com and use code HIGHER for an exclusive discount. 📩 NEWSLETTER: https://tr.ee/O6FWkv 👕 THS MERCH: http://www.thspod.com 🔗 Resources: French unrest compounds debt crisis fears. Paris-listed stocks, bonds and the euro fall (CNBC) Euro drops amid high energy prices and street riots in France (Reuters) US rate rises are being amplified in global markets (FT Markets) Pimco Sees A 6% 10-Year... Here's Why "Bad Inflation" Caps Yields (ZeroHedge) Brent Flirts With $110 Before Reversing As Wright Declares Pump Prices Have "Peaked" (ZeroHedge) Will Oil Prices Decline as Middle East Supply Recovers? (Goldman Sachs) ⚠️ Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

CoreWeave's bonds just hit 16% yield — that's distress territory, folks, and it's telling you everything you need to know about where the AI boom actually stands right now. The stock is down 22% this week alone, shedding nearly $10 billion in market cap, as the bond market does what the equity crowd refuses to: price in reality. We're talking about a company with $50 billion in debt, a $626 million net loss last quarter, and net interest expenses that literally exceeded its operating income — all while the Fed just hiked in September and markets spent Monday through Thursday pricing in another move at the October 27th meeting at nearly 50/50 odds. Then Friday morning Warsh speaks at the IMF in Bangkok, says nothing, keeps his cards close, and suddenly those odds collapse to 14%. Meanwhile Warsh is out here calling AI "the most consequential economic shift" of his lifetime and warning the Fed may need to rewrite its entire monetary policy playbook — because you can't run a 1970s framework on a 2026 economy where information processing inflation is running at 13%, the highest since the 1960s. 💥 Have you left your "honest ⭐️⭐️⭐️⭐️⭐️" review? This episode is proudly brought to you by Fridays. Because real wealth starts with your health. If you want to feel sharper, stronger, and more in control, visit joinfridays.com and use code HIGHER for an exclusive discount. 📩 NEWSLETTER: https://tr.ee/O6FWkv 👕 THS MERCH: http://www.thspod.com 🔗 Resources: Core Weave stock, bond set for weekly plunge as rate-hike fears hit AI bet (Reuters) October Rate-Hike Odds Collapse as Warsh Keeps His Cards Close but AI Transition Looms (Benzinga News ) CoreWeave bond rout tests market's math on AI buildout (Reuters) ⚠️ Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

September CPI just printed 3.7% — hotter than economists expected — and the market is already bleeding. Gas prices are the ignition switch, but the real story is what happens next: the Fed is now caught between an economy that's too hot to cut and too fragile to hike, with JPMorgan's own strategist going on record saying raising rates right now would be "stupid." Meanwhile, rate-sensitive stocks are getting destroyed in premarket — the 10 names falling hardest are telling you exactly where the pain is spreading — and global diesel prices aren't helping, with the IEA warning of another supply squeeze through 2027. Here's what nobody's saying out loud: the speculators have been net short the S&P for months (25th percentile, not a bullish picture), yet Nasdaq longs just hit the 99th percentile of the last 3 years — someone is making a massive bet that tech survives inflation. 💥 Have you left your "honest ⭐️⭐️⭐️⭐️⭐️" review? This episode is proudly brought to you by Fridays. Because real wealth starts with your health. If you want to feel sharper, stronger, and more in control, visit joinfridays.com and use code HIGHER for an exclusive discount. 📩 NEWSLETTER: https://tr.ee/O6FWkv 👕 THS MERCH: http://www.thspod.com 🔗 Resources: Consumer prices rose 3.7% annually in September as gas prices skyrocket (CNBC Top News) Fed Would Be 'Stupid' to Raise Rates Now, JPMorgan's Kelly Says (Bloomberg Economics) Hot Inflation Hits Rate-Sensitive Stocks: These 10 Names Are Falling (Benzinga News) US stocks slip after inflation worsens by more than economists expected (AP) Global diesel prices set to rise again, warns IEA (FT Markets) ⚠️ Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

America’s next debt crisis isn’t hiding in the numbers. It’s hiding behind them. Credit card delinquencies are either flashing red or perfectly manageable, depending on which statistic you cherry-pick. And somehow, both are technically correct. In Episode 357, we follow the cracks spreading through student loans, subprime auto lending, buy-now-pay-later debt, and the $1.8 trillion private credit market—where Wall Street apparently believes moving risk off a balance sheet makes it disappear. From South Korea’s credit card collapse to the infamous assurances that subprime was “contained,” history offers a familiar warning: the numbers look manageable right up until they don’t. The real question isn’t how much Americans owe. It’s who’s carrying the risk, who’s hiding the losses, and what happens when the paychecks stop. 💥 Have you left your "honest ⭐️⭐️⭐️⭐️⭐️" review? This episode is proudly brought to you by Fridays. Because real wealth starts with your health. If you want to feel sharper, stronger, and more in control, visit joinfridays.com and use code HIGHER for an exclusive discount. 📩 NEWSLETTER: https://tr.ee/O6FWkv 👕 THS MERCH: http://www.thspod.com 🔗 Resources: How Distressed Are Consumers? Reconciling Diverging Credit Card Delinquency Measures (Federal Reserve Bank of New York ) Delinquency Rate on Credit Card Loans — All Commercial Banks (Federal Reserve Bank of St. Louis (FRED)) May 2026 Financial Stability Report — Private Credit, Redemption Risks & Bank Exposure (Federal Reserve Board) ⚠️ Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

AI may be the most important technology of our lifetime. That does not mean Wall Street has priced it correctly. In Episode 356, we dig into Anthropic’s reported $2 trillion ambitions, more than $500 billion in long-term compute commitments, OpenAI’s even larger promises, and 180 years of investors discovering the hard way that great technology and great investments are not the same thing. From Railway Mania and Netscape to Webvan, Cisco and WeWork, the pattern is remarkably familiar: spend enormous amounts of money today, assume tomorrow will be exponentially bigger, and try not to ask what happens if growth slows. But this time there is an extra wrinkle: the AI valuations only really work if software captures a meaningful piece of something much larger than the software market itself... your paycheck. 💥 Have you left your "honest ⭐️⭐️⭐️⭐️⭐️" review? This episode is proudly brought to you by Fridays. Because real wealth starts with your health. If you want to feel sharper, stronger, and more in control, visit joinfridays.com and use code HIGHER for an exclusive discount. 📩 NEWSLETTER: https://tr.ee/O6FWkv 👕 THS MERCH: http://www.thspod.com 🔗 Resources: Amazon Leadership Principles (Amazon) 2025 Annual Meeting — Elon Musk Compensation & Shareholder Vote (Tesla) OpenAI Announces Leadership Transition — Sam Altman (OpenAI) ⚠️ Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

Every great company wants loyal customers. The really great ones want believers. This week, we look at what happens when a business stops selling you a product and starts selling you an identity. From Amazon’s “Day 1” disciples to Tesla shareholders defending Elon Musk like family and OpenAI employees threatening to walk out with Sam Altman, the biggest companies in America have figured out something Wall Street can’t put on a balance sheet: tribal loyalty is incredibly valuable. But now the tribes are wearing political jerseys, CEOs are becoming symbols, tickers are becoming flags, and buying a car, drinking a beer, or choosing an AI company can somehow announce what team you’re on. Totally normal stuff. Welcome to the cult economy. Pick yours carefully. 💥 Have you left your "honest ⭐️⭐️⭐️⭐️⭐️" review? This episode is proudly brought to you by Fridays. Because real wealth starts with your health. If you want to feel sharper, stronger, and more in control, visit joinfridays.com and use code HIGHER for an exclusive discount. 📩 NEWSLETTER: https://tr.ee/O6FWkv 👕 THS MERCH: http://www.thspod.com 🔗 Resources: Amazon Leadership Principles (Amazon) 2025 Annual Meeting — Elon Musk Compensation & Shareholder Vote (Tesla) OpenAI Announces Leadership Transition — Sam Altman (OpenAI) ⚠️ Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

Apparently 1,200 AI agents left alone in separate sandboxes will eventually do what humans always do: find each other, form a group chat, cheat the test, and start looking for ways around the cameras. In this episode, we break down the real-world “swarm” incident, why reward hacking may matter more than Skynet fantasies, and what happens when the machines get better at hiding how they reached an answer. Then we follow the money into finance, law, AI’s growing safety tax, and an oversight system that is starting to look suspiciously like auditing before Enron taught everyone a very expensive lesson. The machines are already on the trading desk, the black box is getting harder to read, and somehow the people responsible for watching all of this also seem to have chips in the game. Welcome to progress. 💥 Have you left your "honest ⭐️⭐️⭐️⭐️⭐️" review? This episode is proudly brought to you by Fridays. Because real wealth starts with your health. If you want to feel sharper, stronger, and more in control, visit joinfridays.com and use code HIGHER for an exclusive discount. 📩 NEWSLETTER: https://tr.ee/O6FWkv 👕 THS MERCH: http://www.thspod.com 🔗 Resources: The Hugging Face Incident and the Road Ahead (OpenAI) Anatomy of a Frontier Lab Agent Intrusion: A Technical Timeline (Hugging Face) Training a Misaligned Reward Seeker (Anthropic Alignment Science) Chain of Thought Monitorability: A New and Fragile Opportunity for AI Safety (arXiv / AI Safety Researchers) ⚠️ Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

What if the ugliest economic decade in modern American history wasn’t just history — but a warning label? In Episode 353, we go back to 1971, when Nixon closed the gold window, slapped tariffs on imports, froze wages and prices, leaned on the Fed for easy money, and helped light the fuse on the stagflationary mess that followed. Then came the oil shock, Arthur Burns, double-digit inflation, sixteen lost years for the Dow, and eventually Paul Volcker showing up with a monetary flamethrower. Fast-forward to today: energy shock, tariffs, political pressure on the Fed, sticky inflation, a fragile labor market, and stocks priced like gravity has been repealed. This isn’t a prediction that history repeats perfectly. It’s a question of whether we’re watching the same bad movie with a new cast — and whether the Fed learned anything from the first screening. 💥 Have you left your "honest ⭐️⭐️⭐️⭐️⭐️" review? This episode is proudly brought to you by Fridays. Because real wealth starts with your health. If you want to feel sharper, stronger, and more in control, visit joinfridays.com and use code HIGHER for an exclusive discount. 📩 NEWSLETTER: https://tr.ee/O6FWkv 👕 THS MERCH: http://www.thspod.com 🔗 Resources: August 15, 1971 — Nixon’s New Economic Policy / “Nixon Shock” (Richard Nixon Presidential Library & Museum) How Richard Nixon Pressured Arthur Burns: Evidence from the Nixon Tapes (American Economic Association) Kevin Warsh — “In Our Time” | Jackson Hole Economic Policy Symposium (Federal Reserve Board) Consumer Price Index — August 2026 (U.S. Bureau of Labor Statistics) ⚠️ Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

Private equity sold itself as the smartest money in the room. Turns out, a lot of that “genius” may have just been 40 years of falling rates, cheap leverage, and somebody else willing to pay a higher multiple. We break down how the model actually works, why roughly 33,000 portfolio companies are now stuck waiting for an exit, and what happens when every leveraged buyout starts looking like an adjustable-rate mortgage that just reset. From Krispy Kreme turning the hot light into a cost center, to Toys “R” Us entering the Amazon fight buried in debt, to Red Lobster selling the building and keeping the rent, this is a tour through what happens when spreadsheets understand the balance sheet but miss the business. 💥 Have you left your "honest ⭐️⭐️⭐️⭐️⭐️" review? This episode is proudly brought to you by Fridays. Because real wealth starts with your health. If you want to feel sharper, stronger, and more in control, visit joinfridays.com and use code HIGHER for an exclusive discount. 📩 NEWSLETTER: https://tr.ee/O6FWkv 👕 THS MERCH: http://www.thspod.com 🔗 Resources: Global Private Equity Report 2026 (Bain & Company) Private-Equity Firms Are Sitting on a Nine-Year Backlog (The Wall Street Journal) Global Private Markets Report 2026 — Private Equity: Clearer View, Tougher Terrain (McKinsey & Company) ⚠️ Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

Silicon Valley didn’t suddenly fall in love with podcasts because everyone discovered the joys of long-form conversation. They figured out something much more valuable: if you control the pipe, you can shape the narrative. In Episode 351, Chris traces that playbook from Hearst and Murdoch to Rogan, Musk, a16z, OpenAI and TBPN—and asks the uncomfortable question behind the new media boom: are you watching an independent show, or a very expensive communications strategy with better lighting? The money can buy reach, access and influence. What it still can’t buy is trust. 💥 Have you left your "honest ⭐️⭐️⭐️⭐️⭐️" review? This episode is proudly brought to you by Fridays. Because real wealth starts with your health. If you want to feel sharper, stronger, and more in control, visit joinfridays.com and use code HIGHER for an exclusive discount. 📩 NEWSLETTER: https://tr.ee/O6FWkv 👕 THS MERCH: http://www.thspod.com 🔗 Resources: Jeff Bezos declares opinions questioning ‘free markets’ no longer welcome (Nieman Lab) Joe Rogan Trump Interview Ratings: Chart Shows Subscriber Spike (Newsweek) Jeff Bezos’ revamp of ‘Washington Post’ opinions leads editor to quit (NPR) Elon Musk reportedly ordered Twitter engineers to boost his tweets (Fortune) Bari Weiss isn’t capturing the media. She’s being captured (Columbia Journalism Review) What Is New Media? (a16z) OpenAI Buys TBPN // $100M+ for a Podcast Makes Sense When You Do the Math (RockWater) ⚠️ Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

Episode 350, and apparently the milestone gift is discovering that the United States is now paying the mortgage with the credit card. Chris and Rajeil unpack Scott Bessent’s decision to supersize Treasury bond buybacks just as long-term yields hit 19-year highs and the national debt crossed $40 trillion. We go from Venice’s first bond market to the Treasury-Fed Accord, Japan’s yield-curve-control experiment, and why governments have a long, ugly history of trying to bully borrowing costs lower. Then there’s the timing: the accelerated program starts September 9, runs through November 4, and somehow manages to wrap up one day after the midterm elections. Pure coincidence, obviously. Add a Fed already fighting inflation, a tapped-out consumer, and markets beginning to question the price of American debt, and Episode 350 asks the uncomfortable question: when the smoke alarm gets too loud, are we fixing the fire—or just pulling the battery? 💥 Have you left your "honest ⭐️⭐️⭐️⭐️⭐️" review? This episode is proudly brought to you by Fridays. Because real wealth starts with your health. If you want to feel sharper, stronger, and more in control, visit joinfridays.com and use code HIGHER for an exclusive discount. 📩 NEWSLETTER: https://tr.ee/O6FWkv 👕 THS MERCH: http://www.thspod.com 🔗 Resources: Treasury doubles debt buybacks as Bessent moves to steady bond market (CNBC) Bond yields fall after Treasury announces surprise move to ease rising rates (CNBC) Bessent says Treasury buyback operation could be more than $4 billion (CNBC) ⚠️ Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

In Episode 349 of The Higher Standard, Chris breaks down why cooling CPI doesn’t mean inflation is dead, why the Fed may be walking straight into a stagflation trap, and how a weakening jobs market, rising energy costs, Japan, the yen and a geopolitical oil shock are colliding at exactly the wrong time. From the 1970s and Volcker to CPI vs. PCE, shelter inflation, owners’ equivalent rent and the “ghost” hiding inside year-over-year inflation math, this episode explains why the next inflation print may already be partially baked in—and why the Fed’s September decision is becoming a choice between fighting prices it can’t control and crushing a labor market that may already be cracking. Macroeconomics, but without pretending beef and chicken are the same thing. 💥 Have you left your "honest ⭐️⭐️⭐️⭐️⭐️" review? This episode is proudly brought to you by Fridays. Because real wealth starts with your health. If you want to feel sharper, stronger, and more in control, visit joinfridays.com and use code HIGHER for an exclusive discount. 📩 NEWSLETTER: https://tr.ee/O6FWkv 👕 THS MERCH: http://www.thspod.com 🔗 Resources: Inflation moved in the right direction in July (Chris Naghibi via X) Japan’s Lost Decade - An Economic Disaster (Cold Fusion) Inflation versus the G7 (Nathan C Jun via Instagram) Consumer prices rose 0.1%$ in July, as expected, putting the annual rate at 3.4% (CNBC) ⚠️ Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.

Everyone is waiting for the next housing crash. Chris thinks they may be watching the wrong thing. In Episode 348, he connects the lessons of 2008 to today’s mortgage market, where major non-bank lenders are under pressure, Treasury yields keep climbing, and Japan’s fight to defend the yen could be making America’s mortgage problem worse. This isn’t a call for another housing collapse—it’s a warning that the financial system is showing cracks in places most people aren’t watching. 💥 Have you left your "honest ⭐️⭐️⭐️⭐️⭐️" review? This episode is proudly brought to you by Fridays. Because real wealth starts with your health. If you want to feel sharper, stronger, and more in control, visit joinfridays.com and use code HIGHER for an exclusive discount. 📩 NEWSLETTER: https://tr.ee/O6FWkv 👕 THS MERCH: http://www.thspod.com 🔗 Resources: U.S. Treasury intervenes to support yen after Japan steps in, FT reports (CNBC) Every yen rescue is funded by selling treasuries… (Nicholas Crown via Instagram) Anthony Hsieh steps down as loanDepot’s executive chairman (Housing Wire) LoanDepot Founder Anthony Hsieh Returns to Executive Team (PYMNTS) United Wholesale Mortgage plunges 35% after suspending dividend and raising capital (CNBC) ⚠️ Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.