The Weekly Anchor: Recent Episodes
Voyage Capital Partners
Warren Buffett on inflation: “It’s an invisible tax that only one man in a million really understands.”
Blake talks about Warren Buffet buying gold and California destroying its small business market!
How the Federal Reserve's interest rate manitpulation blows up asset bubbles and hurts the average person.
This morning we talked about the current market optimism, what's driving it, and what could pop inflated asset prices.
It's a difficult topic, but minimum wage and employment regulations can often hurt the very people they're intending to help. Hard conversations are still important to have.
Do you think sales is teachable? Learnable? Is there a difference? We think more is caught than taught in sales. It's a skill that is more "absorbed". This was a fun conversation.
https://linktr.ee/blake_magee
Ever been up 300x on one trade? Ryan did it in crypto. Listen as we talk about making and losing six figure bets in the crypto markets, and the guys discuss the future outlook on crypto as a whole.
Markets sell off and consumer spending tanks. Blake and Ryan discuss this week's financial nonsense!
https://www.voyagecapitalpartners.com/
Financing equipment? Not understanding end of term purchase options can cost your business thousands of dollars. Blake and Ryan recently discussed avoiding this pitfall.
What are your thoughts on negative interest rates? Blake and Ryan discuss the incentives created by central bank rate manipulation. Other Episodes on Apple/Spotify at link below. Enjoy!
https://linktr.ee/blake_magee
Voyage origin story and a trip down memory lane. Plus how we're working to navigate the COVID-19 pandemic as a business.
Round 2 of PPP coming. Oil upside down. BofA predicts $3,000 for gold.. Ryan Houpt and I discussed our thoughts this morning. Also the FHF announced it will buy mortgages in forbearance, so there's your mortgage bailout..
What went wrong with the SBA Paycheck Protection Program? Here are all my thoughts along with our Director of Ops, Ryan Houpt. The audio is a little rough, but I promise for those who are keeping up with small business issues, this info is important.
https://blogmaverick.com/2020/04/16/what-comes-next-for-small-businesses-and-ppp/
https://www.businesswire.com/news/home/20200416005608/en/Statement-Wells-Fargo-Paycheck-Protection-Program
https://www.forbes.com/sites/jeffkauflin/2020/04/16/exclusive-early-data-shows-12-of-online-loans-in-trouble-double-just-weeks-ago/#1628f32f18c1
New Main Street Lending Program. I haven’t seen anyone talking about the risks baked into this, but I’ve been digging into the details today. It’s definitely flying under the radar.
https://linktr.ee/blake_magee
https://www.natlawreview.com/article/covid-19-relief-understanding-federal-reserve-s-main-street-lending-program
Fintechs finally approved for PPP. Self employed & independent contractor info. Housing market squeeze. And don’t get scammed applying for PPP.
https://linktr.ee/blake_magee
https://www.entrepreneur.com/article/349121
https://www.reuters.com/article/us-jp-morgan-mortgages-credit-exclusive/exclusive-jpmorgan-chase-to-raise-mortgage-borrowing-standards-as-economic-outlook-darkens-idUSKCN21T0VU
https://www.businessreport.com/newsletters/new-questions-surface-as-ppp-applications-open-for-1099-workers
https://www.usatoday.com/story/money/usaandmain/2020/04/13/coronavirus-small-businesses-scramble-secure-federal-ppp-loans/5133984002/
Self employed and independent contractors.. you ARE eligible for the SBA Paycheck Protection Program. Just as the original roll out last Friday was a mess, expect there to be some hiccups as the details get worked out. Here are some thoughts..
https://www.forbes.com/sites/kellyphillipserb/2020/04/08/overwhelmed-plain-talk-on-the-paycheck-protection-program-for-small-businesses-affected-by-covid-19/#9236dc41cbf4
Finally some movement on the PPP loans today. Lots of confusion on PPP vs. EIDL. These are not the same, and it’s important to know which one you’re applying for.
PPP Fact sheet-
https://home.treasury.gov/system/files/136/PPP--Fact-Sheet.pdf
Application-
https://www.sba.gov/sites/default/files/2020-04/PPP%20Borrower%20Application%20Form.pdf
Applications can be sent to ppp@voyagecapitalpartners.com
Today the Fed announced its facility to purchase PPP loans from banks. This had to happen for this program to move forward, but the economic impacts of this will be massive. Here are my initial thoughts, and below is the article in reference.
https://thehill.com/policy/finance/491403-fed-to-purchase-emergency-coronavirus-small-business-loans-from-banks
Unsure who is actually funding these PPP loans. Wells Fargo drops out. And BofA has $30billion+ worth of loan apps.
https://www.forbes.com/sites/sarahhansen/2020/04/06/small-business-stimulus-loans-bank-of-america-has-received-applications-for-326-billion-wells-fargo-says-it-cant-meet-demand-due-to-fed-restrictions/#58aa2e992f17