The FTX drama continues. The crypto business' founder, Sam Bankman-Fried, has been arrested by Bahamian authorities after the United States Attorney for the Southern District of New York shared a sealed indictment with the Bahamian government, setting the stage for extradition and U.S. trial for the one time crypto billionaire at the heart of the cryptocurrency exchange’s collapse. His arrest is being called the first concrete move by regulators to hold individuals accountable for the multibillion-dollar implosion of FTX last month.

In today's episode of The Higher Standard, Chris and Saied dig into this news, and speculate as to whether or not this move could signal the beginning of regulation for the crypto space.

They discuss the possible upcoming pivots for the Fed in it's ongoing battle against inflation. Will they raise rates again? Will they hold? For how long?

Chris and Saied look at Meta's $3 billion plan to decrease its office footprint, which includes unloading up to 544,000 square feet of offices in the Bay Area.⁠

They also discuss a New York Federal Reserve survey indicating that consumers grew more optimistic about inflation in November amid expectations that both food and energy price increases would be less severe in the coming year.

Join Chris and Saied for this eye-opening conversation.

Enjoy!

What You’ll Learn in this Show:

• The arrest of former FTX CEO Sam Bankman-Fried and what that means for the future cryptocurrency.
• Cross-collateralized cross-default loans - what they are, and why you should care.
• Why Redfin predicts that 2023 will bring the slowest housing market in a dozen years.
• Why affordability in the real estate space is going to continue to be an issue in the years to come.
• And so much more...

Resources:

"FTX founder Sam Bankman-Fried arrested in the Bahamas after U.S. files criminal charges" (article from CNBC)

"November PPI a bit hotter than expected" (article from Reuters)

"Housing market to sink to a 12-year low in 2023, Redfin says" (TheRealDeal via Instagram)

"Lennar offers to sell 5000 homes to big landlords" (TheRealDeal via Instagram)

"Economists like Nouriel Roubini are starting to fret about a US debt crisis as interest rates rise – here's why it's the latest issue rattling markets" (article from Markets Insider)

"Total Household Debt Reaches $16.51 trillion in Q3 2022; Mortgage and Auto Loan Originations Decline" (press release from the Federal Reserve Bank of New York)

"Top economist Mohamed El-Erian says the Fed will face these two ‘unpleasant choices’ next year" (article from Fortune)

"Meta to ditch up to 544K sf of office space in Bay Area" (TheRealDeal via Instagram)

"Consumers see inflation easing considerably in the next year, New York Fed survey shows" (article from CNBC)