Nick Martell

The Fed chair announces at his press conference, you know, a statement before.

And the words are so carefully written and they're dissected by the financial press.

Everyone's like, what preposition did he use there, you know?

And I think this speaks to your point about credibility.

Why is credibility so important and to whom?

Is it to investors, bankers, CEOs?

The American spending public.

And ordinary people.

It's one that leads to the number one question our listeners had, the eddies and the besties.

The biggest curiosity they had is, our millennial listeners grew up in a world without inflation.

Our Gen Z listeners have grown up in a world- With only inflation.

Yeah.

And they're both facing the same housing challenges.

You once said that if housing costs more than 31% of your income, you're at risk of foreclosure.

And Jack, where are we kind of right now in this situation?

Right now, the average American is at risk of foreclosure based on your definition.

Yeah, yeah.

That was a very difficult time.

The president had to take your recommendations with a grain of salt because you had a personal skin in the game.

I feel seen right now, Austin, especially coming at you from San Francisco right now where, yeah.