The Shiba Inu coin, a meme coin created to ape Dogecoin, has gained significant market value with some wallets holding 10% of the market cap. Meanwhile, some investors have made billions from speculating on Tesla call options, leading to uncertainty around interest rates and inflation.
There are concerns that if the stock market continues to rise and the monetary conditions become less restrictive, this could result in risky investments and further inflation. It has been suggested that a 5-6% jobless rate for five years is necessary to reach the inflation rate target of 2-3% or below 2%.
Many individuals spent the pandemic monetary stimulus checks on discretionary things that were not necessary. Those who saved the stimulus should consider investing in starting their own business or finding opportunities.
This podcast discusses the 20-20-20 formula, a habit that has been recommended to billionaires, NBA stars, film icons, and successful people worldwide for over 24 years. The formula involves spending 20 minutes meditating, 20 minutes moving, and 20 minutes growing to optimize brain function.
The speaker predicts a massive recession for next year due to the current interest rate increases by the Fed and the high mortgage rates. The previous mild technical recession was caused by nominal GDP growth not keeping up with the inflation rate.