#113 - The Fed, The Treasury, and Your Portfolio with Dr. Peter Linneman

In this episode, hosts Tait Duryea and Ryan Gibson talk with chief economist Dr. Peter Linneman to demystify interest rates, the national deficit, and how it all affects pilots, real estate investors, and entrepreneurs. Discover why U.S. debt may not be the threat it’s made out to be, how capital flows drive values, and what most people get wrong about inflation and treasury yields. They also unpack commercial real estate's current cycle, the impact of bonus depreciation, and why now might be the smartest time to invest if you know where to look.

Dr. Peter Linneman is a renowned economist, former Wharton professor, and founder of Linneman Associates. With a PhD from the University of Chicago and decades of experience advising major firms and boards, he is the author of the industry-standard textbook Real Estate Finance and Investments and publisher of the respected Linneman Letter. In this episode, he shares plainspoken economic insight tailored for high-income professionals and investors.

Show notes:

(0:00) Intro

(03:16) Peter Linneman’s background and credentials

(06:45) Why the deficit fear is overblown

(09:39) U.S. debt vs. national wealth explained

(13:18) The real issue: inefficient spending

(17:46) What pilots should focus on instead

(23:12) Why U.S. wealth keeps growing

(28:00) Are we headed into a recession?

(34:17) Where we are in the real estate cycle

(39:11) Bonus depreciation and capital flows

(42:27) Why treasury and Fed rates diverged

(45:53) Outro

Connect with Dr. Peter Linneman:

Website: https://www.linnemanassociates.com 

LinkedIn: https://www.linkedin.com/in/peterlinneman 

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