Episode 234

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Published on:

18th Jun 2024

GDP, CPI & All The Data You NEED to Know Explained

In this episode of The Higher Standard podcast, Chris, Saied, and Haroon dive deep into the essential economic data impacting today's market. They kick off with the critical information you need to understand about GDP and CPI, highlighting the significance of the latest CPI print.

➡️ The discussion then moves to the US yield curve problem, including its record-breaking inversion of 702 days. The hosts explore the longest streaks of low unemployment, the surge in people working multiple jobs, and the dramatic 47.1% rise in US home prices since 2020. arket shifts, Trump’s trial verdict, and the postponement of the Mike Tyson vs. Jake Paul fight.

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🔗 Resources:

Tomorrow's CPI inflation data is HUGE (Kobeissi Letter via X)

The US Yield Curve (Charlie Bilello via X)

The US Treasury yield curve has been inverted for 702 days, the longest streak in bond market history (Kobeissi Letter via X)

This is one of the longest streaks of low unemployment ever (Investopedia)

The number of people working multiple jobs in the US hit a near-record of 8.4 million in May 2024 (Kobeissi Letter via X)

Home prices in the US are up 47.1% since 2020 (Kobeissi Letter via X)

CEO of Reventure’s interpretation of Realtor.com data (Nick Gerli via X)

Market backs off on hopes for interest rate cuts following strong jobs report (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.

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About the Podcast

The Higher Standard
This isn’t a different standard, it’s the higher standard.
Welcome to the Higher Standard Podcast, where we give you ultra-premium, unfiltered truth when it comes to building your wealth and curating the lifestyle of your dreams. Your hosts; Chris Naghibi and Saied Omar here to help you distill the immense amount of information and disinformation out there on the interwebs and give you the opportunity to choose a higher standard for yourself. Sit back, relax your mind and get ready for a different kind of podcast where we elevate your baseline with crispy high-resolution audio. This isn't a different standard. It's the higher standard.

About your host

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Christopher Naghibi

Christopher M. Naghibi is the host and founder of The Higher Standard podcast — a rapidly growing media platform delivering unfiltered financial literacy, real-world entrepreneurship lessons and economic commentary for the modern era.

After nearly two decades in banking, including his most recent role as Executive Vice President and Chief Operating Officer of First Foundation Bank (NYSE: FFWM), Christopher stepped away from corporate life to build a brand rooted in truth, transparency, and modern money insights. While at First Foundation, he had executive oversight of credit, product development, depository services, retail banking, loan servicing, and commercial operations. His leadership helped scale the bank’s presence in multiple national markets from $0 to over $13 billion.

Christopher is a licensed attorney, real estate broker, and general building contractor (Class B), and he brings a rare blend of legal, operational and real estate expertise to everything he does. His early career spanned diverse lending platforms, including multifamily, commercial, private banking, and middle market lending — holding key roles at Impac Commercial Capital Corporation, U.S. Financial Services & Residential Realty, and First Fidelity Funding.

In addition to his media work, Christopher is the CEO of Black Crown Inc. and Black Crown Law APC, which oversee his private holdings and legal affairs.

He holds a Juris Doctorate from Trinity Law School, an MBA from American Heritage University, and two bachelor degrees. He is also a graduate of the Yale School of Management’s Global Executive Leadership Program.

A published author and sought-after speaker (unless it’s his son’s birthday), Christopher continues to advocate for financial empowerment. He’s worked pro bono with families in need, helped craft affordable housing programs through Habitat for Humanity, and was a founding board member of She Built This City — helping spark interest in construction and trades for women of all ages.