Episode 74

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Published on:

23rd Sep 2022

How CPI will Influence the Fed, Khaby Lame and Q&A Winners

The inflation numbers have been released, and the news is not good for anyone. The Consumer Price Index (CPI) has increased to 8.3%. A 10.6% decline in gasoline prices was offset by increases in rent, food and health care. Food prices rose by .8%, with the cost of food consumed at home increasing by .7%. The increase in CPI feeds into the argument Chris and Saied have been making for some time, and that so many social media personalities refuse to accept.

In today's episode of The Higher Standard, Chris and Saied discuss these new CPI numbers, the effect they're having on the economy, and the effect they will have on the Fed's upcoming rate hike decisions.

They discuss the market's reaction to the news, including the increasing possibility that the Fed could bypass the .75% increase and go straight to a 1% increase.

They also look at a recent report from Moody's Analytics, which says there are now 210 housing markets across the nation that are "significantly overvalued" — or overvalued by more than 25%. In those markets, Moody's predicts home prices to fall 5% to 10%. If a recession hits? Home prices in those regions could take 15% to 20% hits.

Chris and Saied also discuss the phenomenon that is Kaby Lame, the TikTok star with 150 million followers, who is reportedly on track to make $150 million a year.

This is a show you do not want to miss! Join Chris and Saied for this fascinating conversation.

Enjoy!

What You’ll Learn in this Show:

Why the recent CPI numbers could signal a 1% increase from the Fed.
Moody's report of "significantly overvalued" housing markets across the country, which could lead to a massive price drop.
How Khaby Lame could be making as much as $10 million a year as a social media personality - without ever saying a word.
And so much more...

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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

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.