Episode 231

Published on:

28th May 2024

Shelter Is Propping Up Inflation

Sometimes the title says it all. Shelter is actually propping up inflation and Chris, Saied and Haroon have the data to prove it.

➡️ Specifically, shelter accounts for approximately 33% of the total CPI and approximately 40% of core inflation. With this much weighting, you can't hit the Fed's 2% target without a decrease in shelter costs.

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🔗 Resources:

Inflation cools off in April (Yahoo! Finance via Instagram)

Inflation has not fallen in a single month since January 2021, according to Zerohedge (Kobeissi Letter via X)

U.S. Rental vacancy (Kobeissi Letter via X)

Housing Market Data (Redfin)

Total US household debt increased by $190 billion in Q1 2024 (Kobessi Letter via X)

U.S. Household debt climbs to a record $17.69 trillion (Yahoo! Finance via X)

US credit card delinquency rates jumped to 8.9% in Q1 2024 (Kobessi Letter via X)

U.S. jobless claims jump to highest level in eight months (Yahoo! Finance)

In New York City, rents grew more than seven times faster than wages last year (Unusual whales via X)

Fed Governor Waller wants ‘several months’ of good inflation data before lowering rates (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 host; Chris Naghibi is 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.

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About your host

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Christopher Naghibi

Christopher M. Naghibi is the Founder and Chief Executive Officer of Black Crown Inc. and Black Crown Law APC, a disruptive collective of attorneys, property managers, real estate agents and contractors who handle home sales and purchases, commercial and multifamily real estate brokerage, primarily for high net-worth and celebrity clients.

His team has over 20 years of experience, 1000+ satisfied clients, $10 million in recovered costs for clients, and in excess of $20 billion dollars in closed transactions.

As a licensed attorney, real estate broker, general contractor, and now Top 100 podcast host, Chris aims to provide free financial education that allows people to take control and democratize fear in the financial world.