The Fed just held interest rates steady, and three members actually voted to raise them. So why does it feel like everyone is getting squeezed harder than ever? In this episode of the Risky Assets Podcast, Charlie and Wesley sit down as two self described financial nerds and everyday guys to break down what the decision means for real people, not Wall Street.
TIMESTAMPS
0:00 The vote nobody expected
0:24 Two financial nerds, everyday guys
0:56 Why we're talking Fed
1:50 Why they held, who voted to raise
2:34 Locked in at 3 percent
3:10 Home prices are softening
3:36 Everyone bet on cuts. Wrong.
4:00 Oil is driving inflation
4:52 Sitting on more cash
5:24 One income, kids, California
6:25 Car prices meet high rates
7:05 Commission beats salary now
7:27 The 85k debt trap
8:08 The business owner squeeze
8:44 Healthcare costs roll downhill
11:10 The AI spending bubble
13:25 4 percent vs the 2 percent norm
14:30 The real number since 2020
15:33 So why not just cut?
16:16 Who really wants a crash
17:13 Supply is the real problem
19:46 A framer's rising costs
20:23 Wildfire and property insurance
21:46 Apartments are getting crushed
23:09 The workers comp wage shock
25:00 Blue collar wages squeezed
27:07 The case for self insurance
27:49 Control the controllable
28:11 Education is your best defense
ABOUT RISKY ASSETS
The Risky Assets Podcast is produced by Greyhawk Premier Insurance Solutions. Every episode is an honest conversation with entrepreneurs about building businesses, taking smart risks, and protecting what you create.
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What is Risky Assets?
What do you really know about insurance? Charlie Deaver and Daniel Clarke host Risky Assets, a podcast about insurance, financial strategy, entrepreneurship, and business management. They talk about how insurance is a means to investing in the future, and a necessary tool to be wielded by business owners. Their goal in both the podcast and their work at Greyhawk Insurance is to educate people on what proper structure is for their insurance, to think creatively about risk, and to share their experience with business owners who care about doing insurance right.