Animal Spirits: Everybody’s Trading

On today’s show we talk about:

-Young people are trading
-Refinancing activity heating up
-How we service interest payments if rates rise
-Instagram and YouTube
-How many people don’t tip, and much more

The Good the Bad and The Ugly of American Borrowers

The New York Fed just updated its quarterly report on household debt and credit and things are looking About 1.0% of current mortgage balances became 30 or more days delinquent in 2019 Q4, near the lowest level observed in the data history. Low interest rates are hurting savers, but they’re helping borrowers. Mortgage originations soared…

One More Thing

Tough times in Atlantic City, the future of sports betting, the cost of money, and the inevitable recession.

One More Thing

Seniors are working at historic levels, what version of yourself gets the final say, and the FIRE movement.