Rich Consul on Fed Rate Hikes, Private Credit & the SpaceX IPO Crash | In The Harbor #33

Rich Consul from Banker's Edge Advisory joins Jason for his third visit to In The Harbor, and this episode runs through his signature "Weekend Five" tour of the markets. They cover the Canadian dollar's historic slide, why gas prices still have room before they'd actually hurt consumers, and why Rich sees the current melt-up in the S&P 500 as still having room to run. The conversation turns to why ten year yields have been climbing despite a slowing economy, and why Rich thinks the market is underestimating the odds of a rate hike before year end.

From there, they unpack the SpaceX IPO's slide below its debut price, drawing a direct line to Facebook's rocky first year as a public company, and dig into the $1.16 trillion sitting in aging zombie private equity funds. Rich also makes the case that private credit's bad reputation doesn't match its actual default numbers, and the two close on the political tightrope of AI data center build-outs and the jobs debate playing out in local communities.

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