Bloomberg Audio Studios, podcasts, radio news. The single best idea to be quick here as we have huge newsflow in including the war of Israel and Iran. Robert Harmatz with US Today, Ambassador Harmatz with his public service in the State Department under Hillary Clinton. Robert Hormatz on the diplomacy of Iran, the history of Iran back to the Shah, and the distinction he made was they really don't want to take advice from.
The West at the moment. The Iranian people are, but they do not want foreigners to be the ones to do it. There's a history in Iran of foreigners intervening with respect to say to most of that they still remember that the United States was involved in the overthrow of Mosedek and bringing back the Shaw, the new Shaw or the old Shaw now and they do not like the idea of foreign interventions. So they are very proud people.
As you pointed out, there an old three thousand plus year old empire and regime change induced by.
We have no template here.
We do you have no temp We have no template, We have no ability to change the regime and the resin and the Uranians would resist that if his real did it or the United States did it. They don't want foreigners to intervene. If they do it themselves, it's a very different metic. If we do it, it's a very different matter, and a negative one.
Robert Harmer's there before, Lisa Bramwoods and Dannyberger's conversation with the son of the former Shaw joining us today in studio. Wonderful to see Meredith Whitney. She's back out and far more visible than in recent years. The Meredith Whitney and the images of the debate, the back and forth is grounded in must read research reports. She did an absolute tuurtive force on the retirement health crisis of older Americans. Meredith Whitney on the boomers.
Well as You and many other shows and written talk about they talk about the boomers being so wealthy, and that's just not true in terms of there's a segment of the boomers that's incredibly wealthy, but only one in ten boomers seniors can afford assisted living okay, so, and they're taking on debt at a more rapid rate than any other age cohort. So seniors own twenty five percent
of total consumer debt outstanding. That's that's counterintuitive. Because you think as you get older, you get more conservative, you have less debt. So twenty five percent compares to twelve percent in two thousand. So it's if the economy was so great, why would why would seniors be taking on debt. One thing that seniors have is they're sitting on a tremendous amount of equity and they're starting to tap into that.
So seniors have at least fourteen trillion of tappable equity that they can access that could make them be able to stay in their homes longer, agent plays, maybe get private home care, home healthcare, and they're doing it. So forty four percent of home equity outstanding is held by seniors.
Meredith Whitney offer brilliant written, researched, great chart on mortgage holdings of America where we're literlely back to the eighties and how conservative we are in paying off our housing. Just a superb effort there. She had some single best idea stocks as a rocket mortgage came up a couple times, but to be honest, I don't know if that's a buy, a hold or a sell. We're on on YouTube. I
can't say enough about the building of Bloomberg podcast. Its way out front of anything I thought, what ever happen? This podcast on Apple, on Spotify and a YouTube podcasts. This is single first idea