American Monetary Association

Now that we're past Christmas, Jason Hartman takes a look at the amazing economy the North Pole is able to have. With massive exports and limited imports, it's truly impressive what they've been able to do. The main thing the North Pole has that no other country has is big data. What they have puts the companies like Facebook to shame.


Economics Explained: The Economy of the North Pole on YouTube

Direct download: AMA_302_North_Pole.mp3
Category:general -- posted at: 12:00pm EDT

Jason Hartman talks with Thomas Jones, former vice chairman and director of TIAA-CREF, former Chairman and Chief Executive Officer of Global Investment Management at Citigroup, and former Chairman and Chief Executive Officer of Citigroup Asset Management. He was also the former Vice Chairman of Federal Reserve Bank of New York. Jason and Thomas discuss Thomas' entrance into real estate, why Thomas is so bullish on America long term, and what sets America apart from the rest of the world.

Key Takeaways:

[2:09] Thomas and his bride actually started by bidding on 2 burned out buildings in Boston

[7:27] Thomas is perennially bullish long term, so dips in the economy are buying opportunities for him

[9:39] The changes on Wall Street over the years

[13:48] The most disappointing aspect to the reforms that have been made since the Great Recession

[18:57] One of the things that really sets America apart is the excited entrepreneurial spirit

[23:13] America faced a metaphorical crossroads in the late 1960s

[26:03] Our nation doesn't give itself enough credit for how far we've come, even though we still have a ways to go


From Willard Straight to Wall Street on Facebook

From Willard Straight to Wall Street

Direct download: AMA_301_Thomas_Jones.mp3
Category:general -- posted at: 12:00pm EDT

Jason Hartman talks to in-house economist Thomas about interest rates. There's been some movement up and some movement down, but Thomas has an opinion on where he thinks rates will go in 2020 and why he believes that.

Key Takeaways:

[1:10] The Fed only indirectly influences mortgage rates

[3:09] Why Thomas believes mortgage rates will go up in 2020

[5:20] The 2 Central Bank forces that will push inflation back up

[7:47] Why a $315 billion drop in money supply is important even though it's not much of a percentage of worldwide supply


Direct download: AMA_299_Thomas.mp3
Category:general -- posted at: 3:38pm EDT