4.6 • 658 Ratings
🗓️ 31 May 2023
⏱️ 52 minutes
🧾️ Download transcript
The scary debt ceiling default talking points are behind us... or are they? As you know, we have predicted this was a farce long before the solution was (sort of) agreed to. Can you imagine a situation where the debt ceiling is not raised? Me neither. And "should" has nothing to do with it.
This week we discuss the debt ceiling and housing issues. Did you know the average mortgage rate in the US is 8.164%? wow. no words. And you know I'm not short on words.
Today's Panelists:
Kirk Chisholm | Innovative Wealth
Douglas Heagren | ProCollege Planners
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For more information, visit the show notes at https://moneytreepodcast.com/debt-ceiling-defualt-507
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0:00.0 | Welcome to the Money Tree Investing Podcast. |
0:04.0 | Stock market, wealth, personal finance, value stocks, invest in your life. |
0:10.0 | Hello, Smart Money Tree Podcasts, listeners. Welcome to this week's show. My name is Kirk Chisholm. I'm once again joined with my good friend Doug Hagrin. Hey Doug. |
0:17.0 | Hey, Kirk. Happy Post Memorial Day. On to the long stretch before the next holiday. |
0:22.6 | Yeah, well, you were telling me earlier, you got a lot of sports in, a little tennis. |
0:27.6 | How did that go for you, Doug? |
0:29.6 | Excellent. |
0:30.6 | I grew up playing competitive tennis. |
0:31.6 | I love the sport, and now I got kids that are asking me to teach them and play with them. |
0:36.6 | And, you know, every parent's dream is to have their kids have some of the same passions you do. |
0:41.3 | And so nothing better than me woke up at 6.30 in the morning on Sunday after playing all day tennis on Saturday and have my son go, can we go play again? |
0:50.1 | Just you and me? |
0:50.9 | So, yeah, it was a lot of fun. |
0:52.9 | Yes. just you and me. So, yeah, it was a lot of fun. Yes, it's a dad's dream to have the kids want to help |
0:56.4 | you refill your high school hero desires. I know I do. It's living vicariously through them. |
1:01.8 | It's, you know, every parent knows this. It's almost the same thing as doing it yourself. |
1:07.4 | Almost. Awesome. Well, let's just dive it in. So we got a ton of new news to talk about. |
1:15.8 | Well, you know, last week, I think you even sent it to me, like what happened with mortgage rates? |
1:20.0 | And the last week and a half, they went from about, they were starting to see rates as low as six and a half and they spiked up well over seven and they're on their way to eight, it looks like. |
1:31.2 | So that's going to be a very – actually, I think you saw that they are showing maybe even over eight, although I'm not sure the average everywhere is seeing that. |
1:40.5 | That's a heck of a spike. |
1:42.1 | I mean, you're talking in probably about a two-week period, |
... |
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