In this episode, the hosts discuss various market dynamics, including the impact of OpenAI's speculative agreements, the ongoing government shutdown, and the Federal Reserve's data dependence. They explore inflation predictions, consumer credit trends, and the implications of the debt ceiling on fiscal policy. The conversation also touches on the rising demand for gold, recent earnings reports, and the risks posed by non-bank financial institutions. Overall, the discussion highlights the uncertainty and complexity of the current economic landscape. In this conversation, the speakers discuss the resilience of commercial real estate amidst economic challenges, the implications of government transparency, and Tether's strategic moves in the market. They explore the potential impact of debt on economic stability, market predictions for Q4, and the role of AI in market performance. The dynamics of the options market and investor sentiment are analyzed, along with updates on data tools and features. The conversation concludes with a light-hearted segment on market predictions and bets.

Show Note:

Referenced report cited by Gherk:

https://www.fsb.org/2025/06/vulnerabilities-in-non-bank-commercial-real-estate-investors/

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