Fri, 28 June 2019
1226 FBF: Consumer Debt vs Real Estate, Bitcoin Mania, Fake Work, Interest Rates - Higher Rental Rates with PNC Bank VP Cody Mamone
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.
[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?