Rolling Recession, Mortgage Rates & Why Saied?

<p>After wasting an hour eating Chick-fil-A, the boys are off to a slow start this episode.&nbsp; Maybe it was the unnecessary amounts of sodium.&nbsp; After gaining some traction and coming out of a food coma, Chris dives in to the ideology of a “rolling recession” and what this could mean for you.&nbsp; They pivot in to an interesting Yahoo! Finance article on the American retailers and restaurants that are bracing for the impact of student loan payments restarting.&nbsp; Many of these topics we have all covered together before; however, there is more data and probable impacts that can be seen in the economy that should not be ignored.&nbsp; Chris and Saied navigate through 30-year mortgage rate and mortgage application charts suggesting that the trending is indicative of recessionary stress.&nbsp; And finally, you all get to hear the coughing that Haroon does behind the scenes which we edit out for your audio pleasure. </p><p><strong>Resources:</strong></p><p><a href="https://fortune.com/2023/08/22/rolling-recession-economy-inflation-fed-consumer-spending-mild-recession/" rel="noopener noreferrer" target="_blank">The experience-hungry American consumer is already crashing the economy into a ‘rolling recession,’ Oxford Economics says</a>&nbsp;(Fortune)</p><p><a href="https://finance.yahoo.com/news/americas-retailers-and-restaurants-brace-for-a-shock-from-student-loan-payments-175132890.html" rel="noopener noreferrer" target="_blank">America's retailers and restaurants brace for a shock from student loan payments</a>&nbsp;(Yahoo! Finance)</p><p><a href="https://www.reuters.com/markets/us/us-30-year-mortgage-rate-soars-highest-since-2000-2023-08-23/" rel="noopener noreferrer" target="_blank">US 30-year mortgage rate soars to highest since 2000</a>&nbsp;(Reuters)</p><p><a href="https://finance.yahoo.com/news/p-just-downgraded-big-banks-150828008.html" rel="noopener noreferrer" target="_blank">S&amp;P just downgraded some big banks. Here are the 5 that are impacted</a>&nbsp;(Yahoo! Finance)</p><p><a href="https://f