The Rate Guy Podcast is hosted by JP Conklin of Pensford. It's an irreverent insight into interest rates and current markets and how they impact the Commercial Real Estate and Multifamily industries.
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Libor Rate Podcasts
Listen in as PwC specialists discuss today’s most compelling accounting, reporting, and business issues. Whether financial reporting or sustainability reporting, each episode is packed with insights you won't find anywhere else.
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More than US$350 trillion in derivatives and financial products are tied to LIBOR. Its impending replacement as a benchmark interest rate will have a significant impact on the world’s lending, borrowing and investing businesses as well as consumer mortgages, student loans and credit card interest rates. Hosted by members of Dechert’s Global Finance practice, LIBORcasts feature in-depth conversations with industry leaders and regulators as they navigate the LIBOR transition.
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As of January 1, 2022 the Financial Conduct Authority will no longer compel banks to quote LIBOR (and its variations) as a benchmark lending rate. The required transition is shaping up to be one of the most fundamental changes to the financial services industry in recent times. It is estimated that there are over $300 trillion of LIBOR-referencing mortgages, commercial loans, bonds and derivatives. The problem is global, complex and isn’t going away. Affected banks, insurers, and other finan ...
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The Solomon Success podcast is dedicated to the timeless wisdom of King Solomon and the Book of Proverbs in order to maximize one’s business and life. To our advantage, we can find King Solomon’s financial strategies in addition to many life philosophies documented in biblical scriptures. Focusing on these enduring fundamentals of success allows us to bypass the “get-rich-quick” schemes that cause many to stumble on their journey toward success. Our concern is not only spiritual in nature, b ...
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On this epidode of The Rate Guy we’re breaking down this Thursday’s CPI release — why the market will probably react even though it’s full of noise, what could drive the 10-year Treasury to 3.62%, and the one signal that could tell us the Fed won’t cut rates at the next meeting.By JP Conklin
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Sustainability now: Transition plans meet business strategy
47:15
47:15
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47:15In this episode, host Heather Horn sat down with Mardi McBrien, Senior Director at the World Business Council for Sustainable Development (WBCSD), during New York Climate Week to discuss the evolving world of sustainability reporting. The conversation covers how companies are navigating fragmented frameworks, the growing importance of transition pl…
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Crypto assets – Accounting for stablecoins, staking, and lending
32:17
32:17
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32:17In this episode of our crypto asset mini-series, we explore common transaction types—stablecoins, staking, and lending. The discussion addresses the accounting, including how contract terms and fact patterns can significantly influence the appropriate accounting model. In this episode, we discuss: 2:17 – Overview of stablecoins, including the impac…
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The Fed Will Cut Even if the Govt is Still Shut Down
20:52
20:52
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20:52On this episode of The Rate Guy we answer the question we've gotten a lot this week..."If the Federal government is still shut down on Oct. 29, will the Fed meet and make a decision about rates?" We answer that and many more about how Fed cuts will effect the 10 year treasury and why the US is still the world's mattress.…
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Crypto assets – Accounting and reporting foundations
29:30
29:30
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29:30By PwC
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Introducing the PLS…Pensford Labor Statistics!
17:40
17:40
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17:40By JP Conklin
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The global impact of Europe’s accounting evolution
53:19
53:19
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53:19A video of this podcast is available on YouTube, Spotify, or PwC’s website at viewpoint.pwc.com This week, host Heather Horn is joined by Eelco van der Enden, CEO of Accountancy Europe. In this episode, we explore the fast-changing reporting and assurance landscape across Europe, including sustainability reporting and broader regulatory shifts. We …
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Sustainability now: Proposed changes to EU reporting standards
43:19
43:19
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43:19A video of this podcast is available on YouTube, Spotify, or PwC’s website at viewpoint.pwc.com In this episode, we continue our series on the European Commission’s Omnibus package with a September update that focuses on the proposed amendments to the European Sustainability Reporting Standards (ESRS). We explore how the changes aim to simplify rep…
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Sustainability now: Where sustainability and strategy meet
20:56
20:56
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20:56A video of this podcast is available on YouTube, Spotify, or PwC’s website at viewpoint.pwc.com In this episode, we explore insights from PwC’s Global Sustainability Reporting Survey featuring nearly 500 executives worldwide. Recorded during New York City Climate Week, the conversation highlights how companies are using sustainability data to drive…
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PCAOB changes ahead – What they mean for auditors and preparers
49:31
49:31
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49:31Significant developments are underway at the PCAOB. In this episode, we provide an overview on the latest changes, what’s on the horizon, and the potential implications for preparers. Our guest is Brian Croteau, PwC’s US Chief Auditor, who leads our team that follows all things PCAOB. In this episode, we discuss: 3:14 – A historical perspective on …
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On this episode of The Rate Guy, we explore the aftermath of the Fed Meeting and break down how we think it will affect markets and how people are borrowing.By JP Conklin
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Accounting for US tax reform - One Big Beautiful Bill Act and more
44:14
44:14
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44:14As sweeping US tax reform takes effect in 2025, corporate taxpayers face important changes. These include extensions of and modifications to key Tax Cuts & Jobs Act (TCJA) provisions as well as expansion of some Inflation Reduction Act (IRA) incentives while accelerating the phase-out of others. In this episode we provide an overview of the key cor…
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7 Fed Members Thought They Wouldn't Be Cutting This Week
28:59
28:59
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28:59On this episode of The Rate Guy, JP unpacks the 911k job revision, rising jobless claims, and what it means for the Fed’s credibility. We dive into why the FOMC may already be behind the curve, what cuts are (and aren’t) on the table, and why markets are focused on 2026. We also touch on cap strategies and why negotiating those floors is so importa…
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Sustainability now: A primer on California climate reporting
32:42
32:42
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32:42A video of this podcast is available on YouTube, Spotify, or PwC’s website at viewpoint.pwc.com California’s climate reporting is coming, but many questions remain. In this episode, we cover Assembly Bill (AB) 1305, Senate Bill (SB) 253, and SB 261—what’s required now, what’s still evolving, and how companies can prepare as the California Air Resou…
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Financial asset transfers – Accounting fundamentals
28:23
28:23
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28:23In this episode, we focus on transfers of financial assets. The discussion breaks down the fundamentals of ASC 860, clarifies when a transfer qualifies as a sale versus a secured borrowing, and outlines the key criteria for derecognition. In this episode, we discuss: 0:59 – Overview of ASC 860 and the basics of financial asset transfers 3:35 – Tran…
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Friday's Jobs Report Means The Fed is Already Behind the Curve
25:22
25:22
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25:22On this episode of The Rate Guy we discuss jobs and the shocking data that came out last week and how that (and a few other factors) will influence the Fed with their decision on cutting rate next week.By JP Conklin
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Sustainability now: The EU Taxonomy Regulation gets simplified
28:23
28:23
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28:23A video of this podcast is available on YouTube, Spotify, or PwC’s website at viewpoint.pwc.com In this episode, we break down the amendments to the EU Taxonomy Regulation adopted by the European Commission in July 2025. Learn about the changes, what they mean for both financial and non-financial companies, and what may still be on the horizon. Plu…
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On this episode of The Rate Guy we urge you to forget CPI—the Fed’s watching jobs. Unemployment at 4.2% isn’t the good news it looks like. We explain r*, clear up the natural vs. neutral rate confusion, and connect the dots from D.C.’s deficit and the 10 Yr Treasury.By JP Conklin
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Sustainability now: Energy credits after the beautiful bill
24:35
24:35
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24:35The Inflation Reduction Act introduced a broad range of renewable energy tax credits. Now, the One Big Beautiful Bill Act (OB3) has reshaped these incentives with new compliance requirements, shifting timelines, and selective phaseouts. In this podcast, we cover what’s changed, what’s stayed the same, and the implications for companies navigating t…
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On this episode of The Rate Guy we unpack J Money's message from the podium at Jackson Hole. What surprised us, what didn't and what needs to happen (or not happen) in order to start cutting rates.By JP Conklin
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Who’s the accounting acquirer? Navigating new bus com guidance
22:13
22:13
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22:13In this episode, we explain how to identify the accounting acquirer in an acquisition—an essential first step in accounting for a business combination. We also outline key changes in the FASB’s new guidance (ASU 2025-03, Determining the Accounting Acquirer in the Acquisition of a Variable Interest Entity) that impact this assessment. In this episod…
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Sustainability now: EU Omnibus in motion – August 2025 update
33:32
33:32
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33:32A video of this podcast is available on YouTube, Spotify, or PwC’s website at viewpoint.pwc.com Recent weeks have brought notable progress on the European Commission’s Omnibus package. In this episode, we examine the key developments from July — including amendments to the EU Taxonomy regulation, EFRAG’s extended deadline, and major revisions to th…
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Revenue accounting reset - Presentation and disclosure
33:35
33:35
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33:35We continue our revenue accounting podcast miniseries with an episode focused on presentation and disclosure. From balance sheet and income statement classification to required disclosures under ASC 606, we highlight key guidance and address key areas where questions often arise in practice. In this episode, we discuss: 1:27 – Income statement pres…
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This week on The Rate Guy, we talk about the wild aftermath of Friday’s shocking jobs report—highlighting one of the biggest downward revisions since April 2020. We break down what really happened, why Trump fired the Commissioner of the BLS, and what that move signals for the Fed and future data credibility. We also unpack the growing odds of a ra…
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Revenue accounting reset – Consideration payable to a customer
41:45
41:45
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41:45We continue our revenue accounting podcast miniseries with a discussion on payments to customers—an area that can raise complex accounting questions, especially when those payments come in the form of equity. We examine when these payments reduce revenue versus when they represent consideration for a distinct good or service. We also highlight upda…
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Put Your Hard Hats On, It's Going to be a Crazy Week
23:55
23:55
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23:55We take one week off and everything goes haywire. What in the world?! This week on The Rate Guy, we’re unpacking the chaos of last week, previewing a data-heavy week ahead, and digging into how markets and rates might respond. Also, a heartfelt RIP to the icons we lost. Our childhood nostalgia definitely took a hit.…
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Revenue accounting reset – Variable consideration
36:10
36:10
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36:10We continue our revenue accounting miniseries with an episode taking a closer look at variable consideration—an essential and sometimes complex element in determining transaction price. From performance bonuses to volume-based rebates, we explore how to estimate and constrain variable amounts as well as when key exceptions apply. In this episode, w…
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Revenue accounting reset – Recognizing revenue
42:07
42:07
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42:07We kick off our latest accounting podcast miniseries on revenue accounting with a foundational discussion on revenue recognition. In this episode, we tackle recognizing revenue —the final step of the ASC 606 model—and examine how to determine whether performance obligations are satisfied over time or at a point in time. In this episode, we discuss:…
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On this week's episode of The Rate Guy we discuss this week's inflation data, GDP, the effect of the Big Beautiful Bill on the 10T and could QE be an option to cutting rates.By JP Conklin
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We continue our lease accounting podcast miniseries with an episode focused on embedded leases. Some arrangements to provide services or purchase inventory rely on the use of a specific asset to fulfill the contract. Even if the word “lease” doesn’t appear, the rights conveyed to the customer may still meet the definition of a lease—shifting the tr…
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On this episode of The Rate Guy we talk about the Job data and why it's skewed - per usual. We also discuss when and why the next rate cut may come, plus where the 10T will be at the end of 2025. Thoughts and prayers to our friends in Texas and the victims of the devistating flood. Wishing you the strength as you navigate really tough territory.…
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