Labor Softening, AI Shifts & KP’s Culver City Tour: What’s Really Going On in the Economy

From Culver City rooftops to Corona commutes, KP breaks down the real signals in today’s market  softening labor trends, elevated WARN notices, shifting consumer behavior, and what AI, automation, and monetary policy mean for the next phase of the economy and housing.

As layoffs rise, rates hover near 4% on the 10-year, and small businesses feel the pinch, KP connects the dots between labor risk, money supply constraints, jumbo rates, and why tech leaders like Jensen Huang and Elon Musk believe AI will reshape everything  from work to manufacturing to transportation.

All while giving a behind-the-scenes tour of his latest Culver City project, family moments included.

It’s a world balancing optimism and warning signs: soft labor vs. strong loan applications, slowing goods spending vs. rising services demand, and overhyped AI narratives vs. profound long-term disruption.

Episode Highlights:
00:00 – Labor still softening: WARN notices jump to 39K
01:20 – Money supply, borrowing costs & why short-term rates feel low
02:04 – Microsoft & Google double down on AI spend
02:40 – Existing home sales drop to ~4M annual rate
03:20 – Live from Culver City: rooftop tour & market talk
04:20 – Jensen Huang, Elon Musk & the AI future: robots, chips, and work becoming optional
06:00 – Is AI overhyped or underhyped? Why KP says both
07:00 – Housing insights: millionaire tax, jumbo rates & the future of affordability
08:10 – Kids’ basketball, mullets & construction updates (yes, really)
09:20 – Loan limits rise & purchasing power expands
10:38 – Loan apps hit the highest level YTD despite holiday slowdowns
11:20 – Treasury yields, tariffs & how mindset shapes market reactions
12:35 – The rise of automation in lending: speed, underwriting & AI agents
14:00 – Rate-cut chatter: why the Fed is shifting as labor weakens
15:30 – Global risks: hacks, explosions & foreign interference
16:40 – PPI, durable goods & what the data says about inflation’s direction
18:00 – Retail sales soften, services hold up & holiday outlook
18:45 – KP’s take on AI, DeepMind & the road ahead for lenders
19:30 – Thanksgiving wrap, gratitude & what’s next

Stay informed. Stay ahead. Stay in the market.
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