1154: Mortgage Payment Factors & Inside Job, The 3rd Pillar & Fault Lines by IMF's Raghuram Rajan

Jason Hartman starts the show talking to in-house economist Thomas about the things that impact your mortgage payment when you first get your loan. Some of them are pretty obvious, but there are several things that stand out as uncommon.

Then Jason talks with Raghuram Rajan, former Governor of the Reserve Bank of India and former Chief Economist and Director of Research at the International Monetary Fund (IMF), about how community has been weakened, which has allowed competitive markets and governments to get out of balance. They also discuss what jobs will remain after automation takes off even more, mortgage rates and whether we're headed toward inflation or deflation.

Key Takeaways:

[2:52] What sorts of things impact your mortgage payment when you first receive your loan

[4:55] There are some new credit scoring models that are becoming more prominent

[9:26] If interest rates start to climb too high, adjustable rate mortgages might start making a comeback

Raghuram Rajan Interview:

[13:45] What the IMF is and how it differs from the World Bank

[18:40] Massive technological change tends to hit an area and hurt before the benefits kick in later

[21:51] After automation comes and takes many of the jobs, there will still be jobs that involve human interaction

[27:11] Is Raghuram seeing inflation, deflation, stagflation or what in the coming years?

[29:54] Are mortgage interest rates artificially low?

[34:38] There's good deflation and bad deflation

Websites:

www.JasonHartman.com/Masters

The Third Pillar: How Markets and the State Leave the Community Behind

Raghuram Rajan at Chicago Booth School of Business