This episode is what happens when the economy shows up looking polished, but the mascara is running. Chris, Saied, and Rajeel break down the slow-motion mess unfolding across jobs, housing, private credit, and the Fed, while war, oil, and rate pressure lurk in the background like a tab nobody wants to pick up. It’s part macro breakdown, part group therapy, part comedy special... and somehow still one of the clearest explanations of why everything feels like it’s breaking at once.

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🔗 Resources:

Federal judge quashes subpoenas of Fed Chair Jerome Powell (CNN)

Nonfarm Payroll Revisions — January 2026 Data (The Kobeissi Letter via X)

Lennar Q1 2026 Gross Margins are Lowest Since 2009 (Lance Lambert via X)

Housing Affordability Collapse: February Home Sales Hit 17-Year Low (Nick Gerli1 via X)

US Strategic Petroleum Reserve Hits Lowest Level Since the 1980s (The Kobeissi Letter via X)

Deutsche Bank Highlights Private Credit Risks as Portfolio Grows (Reuters via X)

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