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Chris Gets Scammed, How Long Will This Last and Q&A
Episode 7527th September 2022 • The Higher Standard • Chris Naghibi & Saied Omar
00:00:00 01:16:25

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If you've been following the news of late, you're probably aware that the Ethereum merger has been completed, as the cryptocurrency switches to the proof-of-stake (PoS) mechanism for verifying transactions on the blockchain. The move was intended to fix some of Ethereum’s problems by improving transaction speed and making them cheaper. However, the price has dropped since the transition on September 15.

In today's episode of The Higher Standard, Chris and Saied's wide-ranging discussion takes on everything from Ethereum's merger and the Fed fund's target rate, to the recent 900-point drop in the Dow Jones Industrial Average.

They explore the strange period of fluctuation we've entered in the real estate market where homeowner's mortgage payments are so low, relative to the property they bought, they don't want to sell, they want to rent.

Chris and Saied also look at the reasons why China is no longer as inexpensive as it once was for labor and goods. Vietnam and India have begun to eclipse China with cheaper workforces and lower costs of production.

They also offer some opinions on what they believe owner occupied 30-year mortgage interest rates will look like and why the 900-point drop in the Dow was caused by pricing in the Fed's most recent rate hike.

This is a show you do not want to miss! Join Chris and Saied for this wide-ranging and informative conversation.


What You’ll Learn in this Show:

  • The details behind Ethereum's recent network upgrade and merger and what that could mean for the cryptocurrency going forward.
  • The premise behind the new Federal reserve target rate, and why the Fed doesn't just increase the Fed funds target rate.
  • Why homeowners are now choosing to rent their properties rather than sell due to unusually low mortgage payments.
  • The 900-point drop in the Dow, and why it indicates the market is simply "pricing in" the Federal Reserve's 0.75% rate hike.
  • And so much more...