In this episode, Chris and Saied break down one of the strangest weeks in economic news we’ve ever covered: missing jobs data thanks to the government shutdown, a Fed that suddenly sounds like it forgot what “data-dependent” means, and a housing market showing cracks big enough to drive a mortgage banker through. From Zillow quietly admitting half of America’s home values slipped, to builders slashing prices at record levels, to foreclosures quietly creeping up while mortgage lock-ins freeze the market solid — the guys dig into why the “everything is fine” narrative just isn’t matching the numbers.

➡️ But chaos wasn’t limited to housing. Billionaires started bailing on Nvidia like they saw the ending of the AI movie early, Michael Burry essentially rage-quit public filings, and Peter Thiel unloaded his entire stake while VC money keeps ping-ponging between the same five tech giants in the most incestuous loop imaginable. And because this is The Higher Standard, the episode somehow ends with a heated, physics-based debate about whether men should sit or stand when they pee — complete with splash-radius analysis, public-restroom trauma, and a shocking confession about portable butt-gaskets. Peak THS.

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🔗 Resources:

The Fed raises alarm over 'deterioration' in the US housing market (Money Wise)

More than half of US homes lost value in the past year (Yahoo! Finance)

Home values always go up, right? (Nick Gerli via X)

Bill Ackman to unveil plan for mortgage giants Fannie Mae and Freddie Mac (Fox Business)

Peter Thiel's fund offloaded Nvidia stake in third quarter, filing shows (Reuters)

Why some elite investors are turning on the darling of the AI rally (CNN Business)

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