1871: Mortgage Credit Availability Index Drops! MacroVoices Patrick Ceresna: Long Inflation Cycle

Welcome to today's episode of The Creating Wealth Show where Jason Hartman reminds you that there is an important distinction to make between interest rates, housing affordability and the ability to qualify for a loan based on the usual things, such as credit score and debt-to-income ratio. There's a general overriding concept of credit availability, not directly related to interest rates: this is the willingness of lenders to lend and the ability of borrowers to borrow, measured by the Mortgage Credit Availability Index (MCAI). The credit supply is down, meaning it is now harder to get a mortgage than it used to be. Jason Hartman welcomes Patrick Ceresna, Founder of Big Picture Trading and host of the MacroVoices Podcast to the show today to talk about the current macroeconomic picture we are facing today. Patrick explains why our inflation problems are not going away anytime soon. The only mechanism which the central banks have to slow an economy is the cost of credit, reflected in interest rate policy. However, the problem in this cycle is that when the inflation is not driven by massive demand, but rather supply issues, then the ability for monetary policy to actually have an impact diminishes. Key Takeaways: Jason's editorial 0:00 Welcome Empowered Investors from 189 countries world wide 1:45 Mortgage Credit Availability Index (MCAI) 2:58 The Great Recession, the mortgage meltdown and The Big Short 5:50 Credit supply in a credit based economy 6:30 Empowered Investor Pro - EmpoweredInvestor.com 8:42 Wall Street is the modern version of organized crime 9:52 Regulating the food supply 11:49 Messaging apps and insider trading 14:31 Last week, the Euro reached parity with the dollar 17:40 Downward pressure on the inflationary spiral 18:46 Why Dave Ramsey is wrong Patrick Ceresna's interview 21:17 Today's guest Patrick Ceresna, Founder of Big Picture Trading 22:05 Patrick's current macroeconomic picture 24:05 Energy shortage - oil vs green  27:48 CPI inflation numbers could come down, but it's no merit of the Fed 29:26 The 70s had three waves of inflation 31:15 The global pandemic was a unique event 32:51 What investments do you own in an environment like this? 38:13 Could derivatives crash the global economy? 40:50 There a global system risk, not just American  42:44 We are in a fourth turning and there will be some major financial institution reset eventually 42:58 The destruction of purchasing value is the driver of a monetary driven inflation 47:01 The US dollar rising right now is going to keep inflation in check 49:59 At the end of every bear market is a once a decade opportunity to buy a lot of cheap stuff  51:38 A good investor or trader knows when to leave a party and go to a new one 53:37 Learn more at BigPictureTrading.com and check out Patrick's podcasts: MacroVoices and Market Huddle   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Learn More: JasonHartman.com Get wholesale real estate deals for investment or build a great business – Free course: JasonHartman.com/Deals Free White Paper on The Hartman Comparison Index™: HartmanIndex.com/white-paper Free Report on Pandemic Investing: PandemicInvesting.com Jason's TV Clips in Vimeo Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect Special Offer from Ron LeGrand: JasonHartman.com/Ron What do Jason's clients say? JasonHartmanTestimonials.com Contact our Investment Counselors at: www.JasonHartman.com Watch, subscribe and comment on Jason's videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos Guided Visualization for Investors: JasonHartman.com/visualization Jason's videos in his other sites: JasonHartman.com/Rumble JasonHartman.com/Bitchute JasonHartman.com/Odysee Jason Hartman's Extra YouTube Channel Jason Hartman's Real Estate News and Technology (RENT) YouTube Channel