Today, Jason Hartman discusses the Phillips curve and its relevance to our current economic situation. While we are all challenged in ways to adapt to our shelter-in-place advising, several benefits are being popularized out of necessity. Telemedicine is growing rapidly, and not just for humans. Veterinary practices are using telemedicine for your pet's health as well.

Steve Hochberg returns to elaborate on the Elliott Wave. How do we know when we have too much debt, the U.S., or the individual? 

Key Takeaways:

[1:00] Is Kim Jong-Un alive?

[5:30] Telemedicine, we’re finally there

[8:00] The Phillips curve

[14:00] Monetary policy comes from central banks, and fiscal policy comes from the government 

Guest: Steve Hochberg

[22:00] Everything the Fed has said they’re going to do has been backed by the Treasury. The treasury has pledged to cover any losses that the Fed is going to incur through their lending programs, and this can’t go on forever

[24:00] How do we know when we have too much debt?

[28:30] “I think there’s a huge bull market starting right now, and it’s the bull-market in cash” -Hochberg

Websites:

www.elliottwave.com

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Jason Hartman shares sound advice on the top four reasons that a company fails. Steve Hochberg joins Jason to break down the methods of the Elliott Wave Principle. Listen to how the Elliott Wave Principle used collective investor psychology to predict 2020 stock market trends, without the influence of Coronavirus, as early as late 2019. Will we continue to see the stability of linear markets vs the volatility of cyclical markets, post-pandemic? Do recessions cause cautious businessmen or do cautious businessmen cause recessions? 

Key Takeaways:

[2:30] From a discussion: the four primary reasons a company fails

[4:00] Number one, FEAR - Faults, education, appearing, real

[5:15] Number two, mindset

[9:00] Number three, lack of connections

[11:30] Number four, Lacking systems and process

[15:20] What is going on in the financial world?

[17:00] Unfolding the Elliott Wave Principle 

[18:20] “Late 2019, the U.S. economy had some very strong economic numbers, the social mood was very elevated, but there were some underlying problems going on”

[19:20] The yield curve: the three month U.S. Treasury bill yield minus the ten year U.S. Treasury note, had inverted, which was a key indicator in the last months of 2019. 

[23:00] Cyclical vs linear markets, post-pandemic

[28:00] Do recessions cause cautious businessmen or do cautious businessmen cause recessions? 

[30:00] An Elliot Wave is a hierarchical fractal, it has self-similar patterns at all degrees of the scale

[30:45] Why do you prefer the DOW over the S&P?

Websites:

www.elliottwave.com

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“Compared to what?” If you have ever listened to a Jason Hartman Podcast you will understand the weight of this simple question. Whether you are looking at small product quality, or the nutrition value of food, investment opportunities, or presidential policies, it’s important to ask, “compared to what?” 

As well, Jason talks about the development of frictionless real estate leasing and sales. The increasing popularity of virtual tours gives a lot of benefits to real estate investors.

Key Takeaways:

[1:45] What are you doing with the self-quarantine time?

[2:30] A discussion on inflation, and how it’s hidden from us

[6:00] Who is saying that the U.S. could become a second rate or vulnerable world power in the next twenty years?

[10:30] At the end of the day, any law is reduced to the barrel of a gun

[16:00] There is a necessity of central banks in wartime, whether that war is seen or unseen (coronavirus)

[17:30] Orange juice is a scam, you’ll see

[25:00] Free market capitalism - is it a great thing?

[28:30] Frictionless real estate and what it means to investors: the perks of virtual tours

[35:00] America gets the special privilege of being more irresponsible than other countries

Websites:

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Today’s FlashBack Friday Episode was originally published on May 10, 2016. 

Jason explores the benefits of being a direct investor and the problems of group investing or pooling money and going into other people’s deals, businesses, partnerships, LLC’s, REIT’s, or TICS. Hear a chat with Jim Cramer of Mad Money and The Street.com.

Key Takeaways:

[2:00] The hardest ship to sail is a partnership. Investing is a partnership. Thou shalt maintain control. Don’t invest in anyone else’s deal.

[8:00] How many of you have ever worked for a publicly-traded company? Those who do have often said that what goes on inside the company has almost no relation to what’s happening with that company’s stock. 

[11:00] Companies have three groups to please: customers, shareholders, and employees. What companies are able to please all three simultaneously?

[18:00] “Pools are for Fools” - we should NOT be investing our money in anyone else’s deal. We buy our own property, and then keep our profits for ourselves.

[22:00] Bob Citron and how he invested with Merrill Lynch that led to Orange County filing bankruptcy. 

Websites:

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The big talk right now is that of supply & demand shock. Jason walks us through the current market trends and the developments leading to the inevitable supply/demand shock. Simple at-home lab experiments, like watching the prices change in airline tickets help illustrate this shock at work. 

Dan Amerman joins Jason in part II to discuss crisis investing. Dan, the author of Cycles of Crisis and The Containment of Crisis, takes us through his analysis of economic trends and changes due to coronavirus. As well, Dan advises on what we, the entrepreneur, should consider and how to take action, especially concerning advantages from understanding inflation. 

Take Advantage:

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Key Takeaways:

[2:00] Proving the non-theoretical practice of supply/demand shock

[4:00] The misery index has high inflation and high unemployment at the same time

[7:30] Ex: Supply/Demand shock with oil companies

[11:00] Dan gives us the macro picture

[12:30] Cycles of Crisis and The Containment of Crisis

[18:45] How do you quantify neighborhoods?

[21:00] We live in a way of debt and derivatives, will it be this way forever or does it have to reset at some point?

[22:20] Japanification is a very real scenario for a period of time

[26:00] Major corporations, when compared to the entrepreneur, have access to far lower cost liabilities, in that they can get free or cheap debt (getting paid to borrow or negative interest rates) 

[26:40] What action should people be taking now?

[28:30] What’s the way to distinguish inflation in terms of asset price inflation and consumer price inflation?

[30:30] Understanding price inflation (change in the value of money) and asset deflation (a decrease in the value of an asset)

Websites:

danielamerman.com

Friday at 2 pm EST: bit.ly/JAXwebinar 

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Jason interviews Chrysta Castañeda, author of The Last Trial of T. Boone Pickens. Get the oil and gas industry insight from Chysta, the go-to lawyer for high stakes litigation in the energy industry and beyond. Chrysta shares her experience with T. Boone Pickens and her knowledge of the current oil market problems. 

Before our guest today, Jason talks about Stimulus Maximus and how this plays into scarcity and utility. What makes an economic unit valuable? Look forward to our JAX Webinar this Friday at 2 PM EST!

Webinar This Week:

Friday at 2 pm EST: bit.ly/JAXwebinar 

Key Takeaways:

[3:30] “Luxury Weather” 

[4:45] How many tenants paid their rent with a credit card?

[6:20] Litigation is a form of human rights

[7:15] Stimulus Maximus - Senate passed a $484 billion stimulus package

[9:30] What makes any economic unit valuable is scarcity and utility 

[11:30] In terms of scarcity and utility, what’s to come of the dollar?

[14:00] Private Podcast in the Members Only JHU

[16:30] What happened with Pickens and how did the investment deal go bad?

[20:40] "As we saw the financial markets plummet, so did the oil market"

[21:30] Saudi Arabia and Russia are starting a supply war with oil, which was already oversupplied

[23:30] There is a coordinated market mechanism for oil production limitations

[26:40] Brief history about the name "Railroad Commission"

[29:00] Will we shift to a larger work-from-home community?

Websites:

www.LastTrialofTBoonePickens.com

Friday at 2 pm EST: bit.ly/JAXwebinar 

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Jason Hartman talks about the lack of renter defaults in the peak U.S. month of the COVID-19 pandemic. How will the forbearance issues play out? The oil and gas industry is facing the steepest collapse in history. What will this recession/depression look like, and will you heed the advice of the late, great Warren Buffet? Listen to this episode to expand your knowledge of pandemic investing.  

Key Takeaways:

[4:00] “Be fearful when others are greedy, and be greedy when others are fearful” - Warren Buffet

[8:00] The oil market, have we hit a period of negative oil prices?

[13:00] Even Coca-cola consumption is down 25%

[15:30] A few of the big banks each had class-action lawsuits filed against them by small businesses claiming poor, or unfair, handling of the PPP processing

[20:45] Is Kim Jong Un in danger after emergency heart surgery?

[21:15] The situation on forbearance is unclear 

[24:30] Recession or depression, two or four flat quarters?

[27:00] 2020 version of The Grapes of Wrath migration

Websites:

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Jason Hartman and Rabbi Evan Moffic talk about the big migration out of high density areas. Starting in 2016 a trend of moving to low density areas started to grow and the pandemic has encouraged the departure from more densely populated areas. While these trends may rely heavily on the wants and needs of Generation Z, health issues and worker experiences might speed up the migration. 

Key Takeaways:

[4:00] Pandemic proved how densely we are living, and also how successfully you can live working remotely

[7:00] Starting in 2016, a trend of non-metropolitan counties were gaining population more-so than metropolitan counties

[9:45] A lot of the migration trends could depend a lot on Generation Z

[13:00] What led you to believe that this mass migration to lower density living would occur?

[16:40] The average population density (APD) of the U.S.A. is only 87 people per square mile

[17:28] The APD of metropolitan areas of the U.S.A. is 283 people per square mile, and the APD of New York City is 27,000 people per square mile

[21:30] The rise of socialism 

[25:30] “Expansions make millionaires, recessions and depressions make billionaires”

[26:20] “In a recession or a depression, the person who wins is the person who loses the least”

Websites:

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www.RabbiMoffic.com

In today’s 10th show special, Jason takes us on a journey to collective consciousness taking a big leap comparing herd immunity and the Hundredth Monkey Theory. Sunday Funday is a time for reflection and gaining perspective.

Mike Robbins joins us for some important lessons in mental health and dealing with grief. We are all grieving together, for ourselves and for those that surround us. It’s time to stop, pause, and reflect. How can we focus on the moment?

Key Takeaways:

[2:00] Sunday Not-So Funday

[7:30] The hundredth monkey theory

[12:40] The theory is that there is a certain point at which a universal consciousness develops and it spreads, even when it is geographically unconnected 

[13:40] Does herd immunity have parallels to the hundredth monkey theory? JasonHartman.com/ask

[14:30] Mike Robbins, the author of five books, Focus on the Good Stuff, Be Yourself Everyone Else is Already Taken, Nothing Changes Until You Do, and, Bring Your Whole Self to Work

[18:45] Perspective is important, and when we are in the middle of something, it’s difficult to have perspective on it

[20:30] Even though it may not seem like it right now, you have more than this requires

[21:15] If we are experiencing difficulty the common element is that we are focusing internally instead of externally

[4:30] The world has intervened in a way, and forced all of us to stop, pause, and reflect

[30:30] How do we focus on the moment?

[36:30] You can control your attitude and you can control your effort, everything else is some form of out of your control

Websites:

Mike-robbins.com

1-800-Hartman

www.JasonHartman.com

Beware of the 'invisible tax,' inflation. Jason Hartman discusses inflation, poverty, and work-from-home lifestyle and advantages. In these challenging times, which professionals are able to stay optimistic? How are the elites transferring wealth?

In part II of today’s show, Jason interviews Jessica Mah, founder of inDinero. Tune in for pro-tips on loan approval for PPP & EIDL. How can you optimize your time with loan delays, and get ahead of the game? And, don’t forget to prep for the end-game of these loans, will they be forgiven? Follow the rules and we shall see. 

Key Takeaways:

[3:15] There are two types of taxation that we are paying: 1) The tax that we see, income tax, sales tax, etc 2) The inflation tax, which destroys the purchasing power of our money

[7:30] People are being driven into poverty in this quarantine, making it very difficult for some to adjust to the work-from-home lifestyle

[13:30] “Tis the set of the sails, And not the gales, Which tell us the way to go.” -Ella Wheeler Wilcox

[16:00] How are the elites transferring wealth?

[19:30] Jessica Mah, found of inDinero, helping entrepreneurs run better businesses

[20:50] PPP has run out? Only 6% of all applications have been approved by the SBA and funded. 

[21:15] The SBA is saying the best option is to use the bank you are already with, although Jessica has seen more success getting a loan through smaller regional banks

[23:15] Have you seen success in getting loans with brokers?

[25:30] Every bank is accepting PPP & EIDL applications even though they’re both on hold due to running out of money

[26:45] How can you be successful at getting your slice of the bailout pie?

[27:30] Pro-Tips: Show your work; have an excel spreadsheet that shows how you came to your figures

[30:30] How difficult is the one-page application? 

[31:00] The Magic Question, “What is all of the information you need from me in order for the bank to formally process my loan application and submit it to the SBA?”

[34:00] This loan could be forgiven if properly played out

[38:00] Encouraged to apply for PPP & EIDL, but PPP is the better of the two options for covering big payroll sheets

Websites:

Blog.indinero.com

covid@indinero.com

www.PandemicInvesting.Com

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