The Fragile Mirage of Economic Recovery

The Higher Standard

The U.S. economy is sending more mixed signals than a Gen Z relationship status. One minute, the S&P 500 is flirting with all-time highs, the next, the housing market's giving you whiplash with record prices and signs of a downturn. Is it a buyer’s market? Depends who you ask—and what city you’re in. Meanwhile, if you’ve been financing burritos with Buy Now, Pay Later, congratulations: it's now officially affecting your credit score. That’s right—your lunchtime debt just got real. We even talk about the $50 Costco hot dog you can finance (no, really), all while reminding you why your favorite social media guru probably shouldn’t be your financial advisor.

➡️ This episode is the financial equivalent of trying to read the tea leaves during a hurricane. The stock market’s partying like it’s 1999, Bitcoin is soaring on dollar weakness, and the Fed is quietly pretending they don’t see any of it. Saied, Chris and Rajeil dive into the rise of the MAG7 tech stocks, government inefficiency (we're looking at you, $316B deficit), and why student loan garnishments might be the dark horse that finally breaks the housing stalemate. Plus, Jeff Bezos has a foam party on a yacht, and somehow that ties into prenups, choice-of-law clauses, and Chris being petty about FaceTime etiquette. Yeah, we went there.

💥 Have you left your "honest ⭐️⭐️⭐️⭐️⭐️" review?

👕 THS MERCH: http://www.thspod.com

🔗 Resources:

Stunning turnaround: The stock market is on the precipice of an all-time record (CNN)

The US Treasury posted a $316 billion budget deficit in May (The Kobeissi Letter via X)

U.S. Home Prices Hit Record High (The Real Deal via Instagram)

The housing downturn is broadening (Nick Gerli via X)

Bitcoin Price Rises. These 2 Things Are Driving Crypto Higher (Barron’s)

Nearly Two Million Student-Loan Borrowers Are at Risk of Docked Pay This Summer (The Wall Street Journal)

Inside the Complex and Petty Prenups of the Superwealthy (The Wall Street Journal)

⚠️ Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.