E45: Mortgage Business, Rules, Regulations, Large Language Models, Artificial General Intelligence, Jerome Powell, Federal Reserve, Consumer Confidence Index

In episode 45, Mark and Jeff discuss Chase Bank CEO Jamie Diamond's perspective on the difficulty of the mortgage business - citing rules, regulations, and regulators in the space. Apple says that Large Language Models (LLMs) aren't going to lead to Artificial General Intelligence (AGI). What do you think? Additionally, Jerome Powell's Fed chair term is up next year and Secretary of Treasury Scott Bessent is being discussed as a possible successor. Finally, Jeff and Mark cover The Conference Board's Consumer Confidence Index, which shows an increase in sentiment, putting an end to 4 months of consecutive declines leading up to May.