1226 FBF: Consumer Debt vs Real Estate, Bitcoin Mania, Fake Work, Interest Rates


Manage episode 237078481 series 1170092
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Today's Flash Back Friday comes from Episode 922, originally published in December 2017. There's a whole lot going on in the economic world today, so Jason Hartman decided to talk to Cody Mamone, CTP, a Vice President for PNC Bank, about what on Earth is going on in the cryptocurrency world, and how it might be impacted by Bitcoin now trading on 2 exchanges in the United States. The two also delve into the growth of consumer debt in the past 5 years, as well as where interest rates may be headed and how much of an impact even a slight change in rates can have for investors and homebuyers. Key Takeaways: [5:00] The difference between saving versus savingS rates [9:49] The Fed has some useful data that can be used for your investing research, and one thing in the consumer credit reports stuck out [11:53] The growth in consumer (and student loan) debt in the last 5 years has been astounding [14:45] Cryptocurrency mania is going crazy and it's not a healthy thing [17:04] The REAL environmental destruction that cryptocurrencies are creating [19:58] What's going to happen to Bitcoin now that it will be traded on 2 exchanges? Will the volatility finally end? [26:12] Where are interest rates headed? Websites: www.JasonHartman.com/Properties www.PNC.com

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