Fri, 30 July 2021
1719 FBF: Coming Stagflation, Pitfalls of Short-Term Rentals & The End of Ethics & Banking with Scott A Shay
Today's Flash Back Friday comes from Episode 1081, originally published in November 2018.
Jason Hartman starts this episode with a look at former Fed Chairman Alan Greenspan's most recent article outlining his concerns with our current economic situation. Greenspan is concerned we're headed toward stagflation, so what would that do to the average real estate investor? One sector that could potentially get hit is short-term rentals, so Jason investigates one of his big concerns on that front.
Then Jason finishes his conversation with Scott A Shay, co-founder of Signature Bank and author of In Good Faith: Questioning Religion and Atheism, about the degradation of ethics and character, and how we can reverse the course our nation is still on that idolizes money and power.
[3:40] Alan Greenspan's new article highlights some of his concerns about our economy
[7:19] The graying of America
[9:34] Greenspan says Stagflation is coming, so what does that mean for real estate investors?
[14:17] What concerns Jason about short-term rentals
Scott Shay Interview:
[20:45] There's a degradation of ethics and character today
[25:26] How do we fix our current idolatry of money and power?
[30:00] How Adam Smith and Chapter 19 of Leviticus are similar