Housing Market Overview - The housing market is facing challenges, with 2025 projected to be one of the worst years for home sales in the past 30 years [1] - June data indicates weaker than expected performance, with 393 million (3.93% million) sales on an annualized basis [1] - Current sales are down from over 5 million pre-pandemic [1] - Housing affordability remains a significant concern for many Americans [1] Factors Influencing Affordability - Lower mortgage rates could improve affordability, but increased inventory would be even more beneficial [2] - Real wage growth outpacing inflation is a key factor in improving affordability [2] - Local city council regulations are seen as a major obstacle to building more homes [3] Potential Solutions - Reducing regulations to allow home builders to construct more homes could lead to lower prices [3] - Increased housing supply is expected to make homes more affordable and revive the "American dream" [3][4]

Business Model & AI Application - Off Deal is building the world's first AI investment bank, reimagining the financial institution from first principles with a different org chart, compensation structure, and culture [1][2][3] - The company uses a proprietary data layer of 250 data fields on 2500000 (2.5 million) US businesses to identify potential sellers, leveraging AI to create Wall Street-grade decks for every small business owner [5][6] - AI is used to identify potential buyers, draft personalized outreach messages, manage NDAs, and drive productivity in complex workflows, acting as a "digital coworker" [6][7] Value Proposition - Off Deal focuses on deal certainty, better terms, and faster results for sellers, rather than explicitly pitching AI [9][10] - The company aims to create price discovery for small businesses, a multi-trillion dollar private asset class with wide bid-ask spreads [10] - By creating competitive tension among buyers, Off Deal can achieve higher outcomes for business owners, with one example showing a final offer 40% higher than the initial offer [10] Competitive Advantage & Strategy - The company believes that large banks are more likely to procure AI software than build their own, giving startups a shot at displacing incumbents with an AI-first culture [12] - Off Deal's bankers start talking to clients on day one, developing important skills, unlike the traditional investment banking model [12] - The company has a 1:1 ratio of bankers to engineers, fostering a tight feedback loop and high ROI on automation efforts [12] Financials & Compensation - Off Deal charges 5% of enterprise value on a success-only basis, aligning incentives with the business owner [12] - Most of the company's fees are between 500000 (500k) and 1000000 (1 million) dollars, with some sell-side mandates reaching 2000000 (2 million) or 3000000 (3 million) dollars [12] - Bankers receive 20% of the fee, potentially earning 200000 (200k) dollars per deal, and can make 2000000 (2 million) dollars in bonus if they do 10 deals a year [12] Future Vision - The company is exploring semi-automation for smaller transactions involving subscale small businesses, similar to Tesla's approach of scaling manufacturing capabilities [13] - Off Deal believes that human interaction will remain a core component of important life decisions, focusing on building technology around that constant [13] - The company's pitch to small businesses is that it creates a competitive auction among buyers, increasing the probability of selling the business and achieving the best terms and price [13]

Hello everyone. We've got a lot to discuss today. The government data is so bad that it may become a national crisis.Bitcoin and crypto, they can't stop winning, baby. Figma went public and retail investors got screwed like always. Carvana just completed the greatest comeback in Wall Street history.And humanoid robots, they're now doing your laundry. We're live today from the desk of Anthony Pompiano. [Music] All right, ladies and gentlemen, I've got very bad news for us.It is impossible to trust the govern ...

Trade Agreement Highlights - The EU agreed to a 15% across-the-board tariff [1] - The EU agreed to purchase hundreds of billions of US dollars in US military equipment [1] - The EU agreed to make $600 billion in investments in the United States [1] - The EU agreed to buy $750 billion of US energy [2] Market Impact & Investment Opportunities - The trade deal is anticipated to bring clarity to the market, boosting investor confidence [2] - The deal is expected to drive asset prices higher [2] - The deal is a catalyst that could send stocks, Bitcoin, and gold higher [3]

Hello everyone. We've got a lot to discuss today. Bitcoin rate of return is a brand new metric that I think everyone's going to start using very soon. The Fed decided to not cut interest rates once again yesterday and we're going to sit down with the CEO of the world's first AI investment bank to understand how they plan to conquer Wall Street. We're live today from the desk of Anthony Pompiano. [Music] Now there are a few different ways that you can measure results of an investment. You can use internal ra ...

Hello everyone. We've got a lot to discuss today. We just got proof that America's living through a historic economic boom.A brand new investment bank is using AI to disrupt their competitors. JP Morgan and Coinbase, they've inked an interesting deal. Retail investors are pouring capital into levered ETFs.And Scott Bessant, the goat, he just dropped one of the most gangster lines on a reporter that we've seen in weeks. We're live today from the desk of Anthony Pompiano. [Music] Ladies and gentlemen, it seem ...

Inflation & Monetary Policy - Inflation initially hovered around 3% at the start of the year, then fell to approximately 12%-2% in April, and is now near the Federal Reserve's target of 2%, representing a roughly 33% decrease since the beginning of the year [3] - The US has the largest gap between the City Inflation Surprise Index 3 months ago and today, indicating a positive surprise for the economy [4] - The US government has increased the national debt by approximately $500 billion since the debt ceiling was lifted in early July [6] - The consensus on Wall Street is that Jerome Powell will not change interest rates at the current Federal Reserve meeting, but a surprise rate cut could significantly boost stocks, Bitcoin, and gold [12] Technology & Innovation - Loom has introduced a robotic lamp that can perform chores, showcasing the potential for robots to integrate into everyday household items [14][15] - Shortcut demoed an AI Excel agent that reportedly outperforms first-year analysts from McKinsey and Goldman Sachs 89% of the time [16] - An AI Excel agent can build a multi-tab DCF model with assumptions, drivers, a Monte Carlo simulation, comps analysis, sensitivity tables, and a final dashboard in about 10 minutes [17] Billionaires & Problem Solving - Jensen Huang claims to have created more billionaires on his management team than any other CEO [20] - The success of billionaires like Jeff Bezos, Elon Musk, and Jensen Huang is attributed to their ability to solve significant problems in society [24][25] - The industry needs more billionaires who are problem solvers to drive progress and improve lives [26] Societal Issues - A shooting in Midtown Manhattan resulted in four deaths, highlighting the issue of violence in society [27] - The NYPD's response to the shooting was commendable, as officers ran towards the gunfire to neutralize the threat and protect civilians [28][29] - A Blackstone employee's quick thinking and leadership in barricading the office during the shooting is considered heroic [30]

It is absolutely insane how unaffordable housing has come in America. I heard recently Sagar and Jetty was on a podcast with Charlie Kirk and he laid it out perfectly. You're watching wealth not only be hoarded in the form of a home but but to be protected with so many different ordinances and different ways of living.And I'm not trying to make this some sort of entree point into yimism only to recognize the problem. Like right now, a 38-year-old who's buying their first time home is leveraged up to the hil ...

Trade Deal Impact - A significant trade deal between the US and the EU is expected to send asset prices higher [1][5] - The EU agreed to a 15% across-the-board tariff [4] - The EU agreed to buy hundreds of billions of dollars in US military equipment [4] - The EU agreed to make $600 billion in investments in the United States [4] - The EU agreed to buy $750 billion of US energy [4] - The EU agreed to open their markets to US products [4] - Trade deals with the US will likely require large capital investments in America, leading to increased global liquidity and higher asset prices [9] Bitcoin & Cryptocurrency Market - Wall Street is increasingly focused on Bitcoin, viewing it as the "king of the market" [11][12] - Bitcoin is being integrated into traditional financial systems, such as ETFs and real estate funds, to leverage its volatility and potential for financial return [16][17][18] - The US government may eventually announce the purchase of Bitcoin to create a strategic reserve [20][21] Economic Shift & Industrialization - The US economy is undergoing a shift from a focus on software to hardware, driven by AI and re-industrialization [24][28] - This shift requires increased investment in data centers, power supply, energy materials, and mining [29][33] - US reliance on China for rare earth minerals is a critical factor in manufacturing and geopolitical relations [30][35]

Marketing & Branding - The market has determined that Sydney Sweeney is a meme, regardless of individual opinions [1] - American Eagle launched an ad campaign featuring Sydney Sweeney, leveraging nostalgia and simplicity [2] - The ad campaign's genius lies in the simplicity of the meme: "Sydney Sweeney has great jeans" [2] Financial Performance & Market Impact - American Eagle stock surged 22% following the ad campaign announcement [2] - Finance-related social media accounts amplified the meme and stock price movement [3] - Creating the right meme can be worth billions of dollars to public companies [4] Future of Finance - Memes grab and hold attention, which translates into capital flows [3] - Capital flows turn into assets on a company's balance sheet [3] - Assets on a company's balance sheet can be invested to create more revenue and profit [3]