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    <title>No Payne No Gain</title>
    <language>en</language>
    <copyright>2026 Red Apple Media</copyright>
    <description>Ryan Payne is the president of Payne Capital Management and the host of No Payne No Gain, airing Saturdays from 2PM to 3PM on 77 WABC Radio. With years of experience in wealth management and financial planning, Ryan brings an entrepreneur’s mindset and a free-thinking approach to the world of investing. On the show, he breaks down market trends, investment strategies, financial planning, and the behavioral side of money in a way that is practical, direct, and easy to understand. Drawing from his background as a top advisor at Merrill Lynch, his leadership at PCM, and the investment philosophy developed alongside his father, Bob Payne, Ryan helps listeners think smarter about building wealth, navigating volatility, and making confident financial decisions.</description>
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      <title>No Payne No Gain</title>
    </image>
    <itunes:type>episodic</itunes:type>
    <itunes:subtitle>WLIR FM &amp;  77 WABC </itunes:subtitle>
    <itunes:author>77 WABC</itunes:author>
    <itunes:summary>Ryan Payne is the president of Payne Capital Management and the host of No Payne No Gain, airing Saturdays from 2PM to 3PM on 77 WABC Radio. With years of experience in wealth management and financial planning, Ryan brings an entrepreneur’s mindset and a free-thinking approach to the world of investing. On the show, he breaks down market trends, investment strategies, financial planning, and the behavioral side of money in a way that is practical, direct, and easy to understand. Drawing from his background as a top advisor at Merrill Lynch, his leadership at PCM, and the investment philosophy developed alongside his father, Bob Payne, Ryan helps listeners think smarter about building wealth, navigating volatility, and making confident financial decisions.</itunes:summary>
    <content:encoded>
      <![CDATA[<p>Ryan Payne is the president of Payne Capital Management and the host of No Payne No Gain, airing Saturdays from 2PM to 3PM on 77 WABC Radio. With years of experience in wealth management and financial planning, Ryan brings an entrepreneur’s mindset and a free-thinking approach to the world of investing. On the show, he breaks down market trends, investment strategies, financial planning, and the behavioral side of money in a way that is practical, direct, and easy to understand. Drawing from his background as a top advisor at Merrill Lynch, his leadership at PCM, and the investment philosophy developed alongside his father, Bob Payne, Ryan helps listeners think smarter about building wealth, navigating volatility, and making confident financial decisions.</p>]]>
    </content:encoded>
    <itunes:owner>
      <itunes:name>77 WABC</itunes:name>
      <itunes:email>podcast@wabcradio.com</itunes:email>
    </itunes:owner>
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    <itunes:category text="Business">
      <itunes:category text="Investing"/>
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    <item>
      <title>Dan Ives | 06-06-26</title>
      <description>Dan Ives argues that the current artificial intelligence boom represents a fourth industrial revolution rather than a speculative bubble similar to the dot-com crash. He suggests we are only in the early innings of a multi-year bull market, characterized by massive capital expenditures and a significant spending multiplier where every dollar spent on chips generates substantial secondary growth across the sector. Ives identifies Nvidia as the foundational player in this era, while emphasizing that the market is transitioning into a stock-picker's phase where second and third-derivative companies in infrastructure, software, and cybersecurity will emerge as winners.
Learn more about your ad choices. Visit megaphone.fm/adchoices</description>
      <pubDate>Sat, 06 Jun 2026 19:00:00 -0000</pubDate>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:author>77 WABC</itunes:author>
      <itunes:subtitle></itunes:subtitle>
      <itunes:summary>Dan Ives argues that the current artificial intelligence boom represents a fourth industrial revolution rather than a speculative bubble similar to the dot-com crash. He suggests we are only in the early innings of a multi-year bull market, characterized by massive capital expenditures and a significant spending multiplier where every dollar spent on chips generates substantial secondary growth across the sector. Ives identifies Nvidia as the foundational player in this era, while emphasizing that the market is transitioning into a stock-picker's phase where second and third-derivative companies in infrastructure, software, and cybersecurity will emerge as winners.
Learn more about your ad choices. Visit megaphone.fm/adchoices</itunes:summary>
      <content:encoded>
        <![CDATA[<p>Dan Ives argues that the current artificial intelligence boom represents a fourth industrial revolution rather than a speculative bubble similar to the dot-com crash. He suggests we are only in the early innings of a multi-year bull market, characterized by massive capital expenditures and a significant spending multiplier where every dollar spent on chips generates substantial secondary growth across the sector. Ives identifies Nvidia as the foundational player in this era, while emphasizing that the market is transitioning into a stock-picker's phase where second and third-derivative companies in infrastructure, software, and cybersecurity will emerge as winners.</p><p> </p><p>Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a></p>]]>
      </content:encoded>
      <itunes:duration>1084</itunes:duration>
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    <item>
      <title>No Payne No Gain | 06-06-26</title>
      <description>Ryan Payne explores the sharp contrast between booming stock market indices and the economic hardships currently faced by many American households. While Payne and his guests acknowledge that we are in the midst of a transformative technological revolution fueled by artificial intelligence, they caution that high market valuations and record-level credit card debt signal potential risks for the unprepared. The discussion highlights a widening wealth gap—often described as a K-shaped recovery—where investors benefit from spectacular corporate earnings while average consumers struggle with persistent inflation and elevated borrowing costs. To navigate this volatility, the experts emphasize the necessity of portfolio diversification through commodities, real estate, and fixed-income bonds rather than over-concentrating in popular tech stocks.
Learn more about your ad choices. Visit megaphone.fm/adchoices</description>
      <pubDate>Sat, 06 Jun 2026 19:00:00 -0000</pubDate>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:author>77 WABC</itunes:author>
      <itunes:subtitle></itunes:subtitle>
      <itunes:summary>Ryan Payne explores the sharp contrast between booming stock market indices and the economic hardships currently faced by many American households. While Payne and his guests acknowledge that we are in the midst of a transformative technological revolution fueled by artificial intelligence, they caution that high market valuations and record-level credit card debt signal potential risks for the unprepared. The discussion highlights a widening wealth gap—often described as a K-shaped recovery—where investors benefit from spectacular corporate earnings while average consumers struggle with persistent inflation and elevated borrowing costs. To navigate this volatility, the experts emphasize the necessity of portfolio diversification through commodities, real estate, and fixed-income bonds rather than over-concentrating in popular tech stocks.
Learn more about your ad choices. Visit megaphone.fm/adchoices</itunes:summary>
      <content:encoded>
        <![CDATA[<p>Ryan Payne explores the sharp contrast between booming stock market indices and the economic hardships currently faced by many American households. While Payne and his guests acknowledge that we are in the midst of a transformative technological revolution fueled by artificial intelligence, they caution that high market valuations and record-level credit card debt signal potential risks for the unprepared. The discussion highlights a widening wealth gap—often described as a K-shaped recovery—where investors benefit from spectacular corporate earnings while average consumers struggle with persistent inflation and elevated borrowing costs. To navigate this volatility, the experts emphasize the necessity of portfolio diversification through commodities, real estate, and fixed-income bonds rather than over-concentrating in popular tech stocks.</p><p> </p><p>Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a></p>]]>
      </content:encoded>
      <itunes:duration>3642</itunes:duration>
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    <item>
      <title> No Payne No Gain | 05-30-26</title>
      <description>Ryan Payne and his guests analyze the current technological revolution, comparing the present AI-driven surge to the late 90s while noting that today’s tech giants possess much stronger corporate earnings. Despite this optimism, the show highlights a "tale of two tapes" where high inflation, rising interest rates, and record-breaking credit card debt create significant anxiety for the middle class. To navigate this volatility, the experts advocate for portfolio diversification through assets like real estate and commodities to hedge against "sticky" inflation. 
Learn more about your ad choices. Visit megaphone.fm/adchoices</description>
      <pubDate>Sat, 30 May 2026 21:27:00 -0000</pubDate>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:author>77 WABC</itunes:author>
      <itunes:subtitle></itunes:subtitle>
      <itunes:summary>Ryan Payne and his guests analyze the current technological revolution, comparing the present AI-driven surge to the late 90s while noting that today’s tech giants possess much stronger corporate earnings. Despite this optimism, the show highlights a "tale of two tapes" where high inflation, rising interest rates, and record-breaking credit card debt create significant anxiety for the middle class. To navigate this volatility, the experts advocate for portfolio diversification through assets like real estate and commodities to hedge against "sticky" inflation. 
Learn more about your ad choices. Visit megaphone.fm/adchoices</itunes:summary>
      <content:encoded>
        <![CDATA[<p>Ryan Payne and his guests analyze the current technological revolution, comparing the present AI-driven surge to the late 90s while noting that today’s tech giants possess much stronger corporate earnings. Despite this optimism, the show highlights a "tale of two tapes" where high inflation, rising interest rates, and record-breaking credit card debt create significant anxiety for the middle class. To navigate this volatility, the experts advocate for portfolio diversification through assets like real estate and commodities to hedge against "sticky" inflation. </p><p> </p><p>Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a></p>]]>
      </content:encoded>
      <itunes:duration>3642</itunes:duration>
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    <item>
      <title>Bob Payne | 05-30-26</title>
      <description>Ryan and Bob Payne  evaluate the tension between record-high corporate earnings and the historically rich valuations of the current stock market. While the economy appears robust due to a strong labor market and the AI-driven tech boom, the two warn that forward price-to-earnings ratios are reaching dangerous levels that could lead to a rapid decline during a recession. To mitigate these risks, they advocate for strategic diversification beyond popular technology stocks, suggesting that investors incorporate small-cap stocks, commodities, and real estate to generate consistent cash flow. They emphasize that the ideal time to bulletproof a portfolio is while the market is thriving, rather than waiting for the inevitable economic shift.
Learn more about your ad choices. Visit megaphone.fm/adchoices</description>
      <pubDate>Sat, 30 May 2026 21:26:00 -0000</pubDate>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:author>77 WABC</itunes:author>
      <itunes:subtitle></itunes:subtitle>
      <itunes:summary>Ryan and Bob Payne  evaluate the tension between record-high corporate earnings and the historically rich valuations of the current stock market. While the economy appears robust due to a strong labor market and the AI-driven tech boom, the two warn that forward price-to-earnings ratios are reaching dangerous levels that could lead to a rapid decline during a recession. To mitigate these risks, they advocate for strategic diversification beyond popular technology stocks, suggesting that investors incorporate small-cap stocks, commodities, and real estate to generate consistent cash flow. They emphasize that the ideal time to bulletproof a portfolio is while the market is thriving, rather than waiting for the inevitable economic shift.
Learn more about your ad choices. Visit megaphone.fm/adchoices</itunes:summary>
      <content:encoded>
        <![CDATA[<p>Ryan and Bob Payne  evaluate the tension between record-high corporate earnings and the historically rich valuations of the current stock market. While the economy appears robust due to a strong labor market and the AI-driven tech boom, the two warn that forward price-to-earnings ratios are reaching dangerous levels that could lead to a rapid decline during a recession. To mitigate these risks, they advocate for strategic diversification beyond popular technology stocks, suggesting that investors incorporate small-cap stocks, commodities, and real estate to generate consistent cash flow. They emphasize that the ideal time to bulletproof a portfolio is while the market is thriving, rather than waiting for the inevitable economic shift.</p><p> </p><p>Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a></p>]]>
      </content:encoded>
      <itunes:duration>730</itunes:duration>
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    </item>
    <item>
      <title>Dan Ives | 05-30-26</title>
      <description>Dan Ives argues that the current surge in artificial intelligence represents a true fourth industrial revolution rather than a speculative bubble similar to the dot-com crash. Ives characterizes the market as being in its early innings of growth, suggesting that massive capital expenditures and a high demand-to-supply ratio for semiconductors signal a long-term structural shift. He identifies Nvidia as the foundational player of this era, while highlighting how the "spending boom" is creating valuable second and third-party opportunities in sectors like server infrastructure and software. Beyond specific stocks, the discussion touches on the geopolitical arms race between the United States and China, emphasizing the strategic necessity of maintaining a lead in AI development and data center capacity. 
Learn more about your ad choices. Visit megaphone.fm/adchoices</description>
      <pubDate>Sat, 30 May 2026 21:26:00 -0000</pubDate>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:author>77 WABC</itunes:author>
      <itunes:subtitle></itunes:subtitle>
      <itunes:summary>Dan Ives argues that the current surge in artificial intelligence represents a true fourth industrial revolution rather than a speculative bubble similar to the dot-com crash. Ives characterizes the market as being in its early innings of growth, suggesting that massive capital expenditures and a high demand-to-supply ratio for semiconductors signal a long-term structural shift. He identifies Nvidia as the foundational player of this era, while highlighting how the "spending boom" is creating valuable second and third-party opportunities in sectors like server infrastructure and software. Beyond specific stocks, the discussion touches on the geopolitical arms race between the United States and China, emphasizing the strategic necessity of maintaining a lead in AI development and data center capacity. 
Learn more about your ad choices. Visit megaphone.fm/adchoices</itunes:summary>
      <content:encoded>
        <![CDATA[<p>Dan Ives argues that the current surge in artificial intelligence represents a true fourth industrial revolution rather than a speculative bubble similar to the dot-com crash. Ives characterizes the market as being in its early innings of growth, suggesting that massive capital expenditures and a high demand-to-supply ratio for semiconductors signal a long-term structural shift. He identifies Nvidia as the foundational player of this era, while highlighting how the "spending boom" is creating valuable second and third-party opportunities in sectors like server infrastructure and software. Beyond specific stocks, the discussion touches on the geopolitical arms race between the United States and China, emphasizing the strategic necessity of maintaining a lead in AI development and data center capacity. </p><p> </p><p>Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a></p>]]>
      </content:encoded>
      <itunes:duration>1084</itunes:duration>
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    </item>
    <item>
      <title> No Payne No Gain | 05-23-26</title>
      <description>Ryan Payne and his guests discuss a resilient American economy that appears capable of sustaining growth despite high interest rates and persistent inflation. The conversation transitions from a macroeconomic analysis of historical market cycles to a specific focus on the AI revolution, highlighting how emerging technologies are driving a massive surge in infrastructure demand, energy consumption, and high-profile IPOs. The participants weigh the excitement of this technological boom against potential risks, such as speculative bubbles reminiscent of the late 1990s and the increasing unaffordability of housing for younger generations.
Learn more about your ad choices. Visit megaphone.fm/adchoices</description>
      <pubDate>Sat, 23 May 2026 19:00:00 -0000</pubDate>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:author>77 WABC</itunes:author>
      <itunes:subtitle></itunes:subtitle>
      <itunes:summary>Ryan Payne and his guests discuss a resilient American economy that appears capable of sustaining growth despite high interest rates and persistent inflation. The conversation transitions from a macroeconomic analysis of historical market cycles to a specific focus on the AI revolution, highlighting how emerging technologies are driving a massive surge in infrastructure demand, energy consumption, and high-profile IPOs. The participants weigh the excitement of this technological boom against potential risks, such as speculative bubbles reminiscent of the late 1990s and the increasing unaffordability of housing for younger generations.
Learn more about your ad choices. Visit megaphone.fm/adchoices</itunes:summary>
      <content:encoded>
        <![CDATA[<p>Ryan Payne and his guests discuss a resilient American economy that appears capable of sustaining growth despite high interest rates and persistent inflation. The conversation transitions from a macroeconomic analysis of historical market cycles to a specific focus on the AI revolution, highlighting how emerging technologies are driving a massive surge in infrastructure demand, energy consumption, and high-profile IPOs. The participants weigh the excitement of this technological boom against potential risks, such as speculative bubbles reminiscent of the late 1990s and the increasing unaffordability of housing for younger generations.</p><p> </p><p>Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a></p>]]>
      </content:encoded>
      <itunes:duration>3778</itunes:duration>
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    </item>
    <item>
      <title>Bob Payne | 05-23-26</title>
      <description>Bob and Ryan Payne argue that the resilient economy and record-high markets are already looking past geopolitical conflicts and inflationary pressures. They caution that traditional portfolios are currently too concentrated in technology stocks, which often fail to serve as an effective inflation hedge compared to commodities or international markets. To combat the rising cost of living, the hosts advocate for a diversified, forward-looking strategy that prioritizes consistent cash flow and dividends over speculative individual stock picking.
Learn more about your ad choices. Visit megaphone.fm/adchoices</description>
      <pubDate>Sat, 23 May 2026 19:00:00 -0000</pubDate>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:author>77 WABC</itunes:author>
      <itunes:subtitle></itunes:subtitle>
      <itunes:summary>Bob and Ryan Payne argue that the resilient economy and record-high markets are already looking past geopolitical conflicts and inflationary pressures. They caution that traditional portfolios are currently too concentrated in technology stocks, which often fail to serve as an effective inflation hedge compared to commodities or international markets. To combat the rising cost of living, the hosts advocate for a diversified, forward-looking strategy that prioritizes consistent cash flow and dividends over speculative individual stock picking.
Learn more about your ad choices. Visit megaphone.fm/adchoices</itunes:summary>
      <content:encoded>
        <![CDATA[<p>Bob and Ryan Payne argue that the resilient economy and record-high markets are already looking past geopolitical conflicts and inflationary pressures. They caution that traditional portfolios are currently too concentrated in technology stocks, which often fail to serve as an effective inflation hedge compared to commodities or international markets. To combat the rising cost of living, the hosts advocate for a diversified, forward-looking strategy that prioritizes consistent cash flow and dividends over speculative individual stock picking.</p><p> </p><p>Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a></p>]]>
      </content:encoded>
      <itunes:duration>631</itunes:duration>
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    <item>
      <title>Adam Johnson | 05-23-26</title>
      <description>Ryan Payne has on Adam Johnson, who explores the expanding landscape of artificial intelligence and its impact on modern market dynamics. He argues that while algorithmic trading often suppresses immediate stock reactions to strong earnings, the underlying value of AI leaders remains high because their growth rates far outpace their current valuations. Beyond high-profile chipmakers, the discussion emphasizes a broad infrastructure trade encompassing data centers, specialized cooling systems, and power generation, which creates significant opportunities in the physical components of the digital revolution.
Learn more about your ad choices. Visit megaphone.fm/adchoices</description>
      <pubDate>Sat, 23 May 2026 19:00:00 -0000</pubDate>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:author>77 WABC</itunes:author>
      <itunes:subtitle></itunes:subtitle>
      <itunes:summary>Ryan Payne has on Adam Johnson, who explores the expanding landscape of artificial intelligence and its impact on modern market dynamics. He argues that while algorithmic trading often suppresses immediate stock reactions to strong earnings, the underlying value of AI leaders remains high because their growth rates far outpace their current valuations. Beyond high-profile chipmakers, the discussion emphasizes a broad infrastructure trade encompassing data centers, specialized cooling systems, and power generation, which creates significant opportunities in the physical components of the digital revolution.
Learn more about your ad choices. Visit megaphone.fm/adchoices</itunes:summary>
      <content:encoded>
        <![CDATA[<p>Ryan Payne has on Adam Johnson, who explores the expanding landscape of artificial intelligence and its impact on modern market dynamics. He argues that while algorithmic trading often suppresses immediate stock reactions to strong earnings, the underlying value of AI leaders remains high because their growth rates far outpace their current valuations. Beyond high-profile chipmakers, the discussion emphasizes a broad infrastructure trade encompassing data centers, specialized cooling systems, and power generation, which creates significant opportunities in the physical components of the digital revolution.</p><p> </p><p>Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a></p>]]>
      </content:encoded>
      <itunes:duration>872</itunes:duration>
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    <item>
      <title> No Payne No Gain | 05-16-26</title>
      <description>On today's episode, Ryan Payne and his co-hosts provide a multifaceted look at the resiliency of the American economy despite persistent inflationary pressures. The discussion balances optimism regarding record-breaking stock market highs and the AI-driven industrial revolution against cautionary advice for aging Baby Boomers to diversify their portfolios and secure fixed-income assets. Key segments explore shifting labor market demographics, the strategic necessity of energy independence, and the emergence of domestic rare earth mining to reduce critical supply chain reliance on China.
Learn more about your ad choices. Visit megaphone.fm/adchoices</description>
      <pubDate>Sat, 16 May 2026 19:11:00 -0000</pubDate>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:author>77 WABC</itunes:author>
      <itunes:subtitle></itunes:subtitle>
      <itunes:summary>On today's episode, Ryan Payne and his co-hosts provide a multifaceted look at the resiliency of the American economy despite persistent inflationary pressures. The discussion balances optimism regarding record-breaking stock market highs and the AI-driven industrial revolution against cautionary advice for aging Baby Boomers to diversify their portfolios and secure fixed-income assets. Key segments explore shifting labor market demographics, the strategic necessity of energy independence, and the emergence of domestic rare earth mining to reduce critical supply chain reliance on China.
Learn more about your ad choices. Visit megaphone.fm/adchoices</itunes:summary>
      <content:encoded>
        <![CDATA[<p>On today's episode, Ryan Payne and his co-hosts provide a multifaceted look at the resiliency of the American economy despite persistent inflationary pressures. The discussion balances optimism regarding record-breaking stock market highs and the AI-driven industrial revolution against cautionary advice for aging Baby Boomers to diversify their portfolios and secure fixed-income assets. Key segments explore shifting labor market demographics, the strategic necessity of energy independence, and the emergence of domestic rare earth mining to reduce critical supply chain reliance on China.</p><p> </p><p>Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a></p>]]>
      </content:encoded>
      <itunes:duration>3668</itunes:duration>
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    <item>
      <title>Bob Payne | 05-16-26</title>
      <description>Ryan Payne brings on his father Bob Payne to analyze the current "tale of two cities" in the economy, where record-breaking corporate earnings and an AI-driven market boom are clashing with rising inflation and geopolitical risks. They caution that the ongoing bull market may be masking over-concentration and excessive risk, particularly for investors heavily weighted in the "Magnificent Seven" tech stocks or overlapping growth funds. To mitigate these dangers, they suggest that retirees should take profits and transition into individual bonds rather than bond funds to ensure a predictable return of capital. Conversely, younger investors are encouraged to embrace volatility and pursue a globally diversified strategy that includes commodities and broad equity exposure to hedge against inflation and maximize long-term compounding.
Learn more about your ad choices. Visit megaphone.fm/adchoices</description>
      <pubDate>Sat, 16 May 2026 19:09:00 -0000</pubDate>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:author>77 WABC</itunes:author>
      <itunes:subtitle></itunes:subtitle>
      <itunes:summary>Ryan Payne brings on his father Bob Payne to analyze the current "tale of two cities" in the economy, where record-breaking corporate earnings and an AI-driven market boom are clashing with rising inflation and geopolitical risks. They caution that the ongoing bull market may be masking over-concentration and excessive risk, particularly for investors heavily weighted in the "Magnificent Seven" tech stocks or overlapping growth funds. To mitigate these dangers, they suggest that retirees should take profits and transition into individual bonds rather than bond funds to ensure a predictable return of capital. Conversely, younger investors are encouraged to embrace volatility and pursue a globally diversified strategy that includes commodities and broad equity exposure to hedge against inflation and maximize long-term compounding.
Learn more about your ad choices. Visit megaphone.fm/adchoices</itunes:summary>
      <content:encoded>
        <![CDATA[<p>Ryan Payne brings on his father Bob Payne to analyze the current "tale of two cities" in the economy, where record-breaking corporate earnings and an AI-driven market boom are clashing with rising inflation and geopolitical risks. They caution that the ongoing bull market may be masking over-concentration and excessive risk, particularly for investors heavily weighted in the "Magnificent Seven" tech stocks or overlapping growth funds. To mitigate these dangers, they suggest that retirees should take profits and transition into individual bonds rather than bond funds to ensure a predictable return of capital. Conversely, younger investors are encouraged to embrace volatility and pursue a globally diversified strategy that includes commodities and broad equity exposure to hedge against inflation and maximize long-term compounding.</p><p> </p><p>Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a></p>]]>
      </content:encoded>
      <itunes:duration>734</itunes:duration>
      <guid isPermaLink="false"><![CDATA[cfc288b4-515a-11f1-a564-1f3964ecb511]]></guid>
      <enclosure url="https://chrt.fm/track/2FE782/traffic.megaphone.fm/WABC5412178188.mp3" length="0" type="audio/mpeg"/>
    </item>
    <item>
      <title>Barbara Humpton | 05-16-26</title>
      <description>Ryan Payne interviews Barbara Humpton, CEO of USA Rare Earth, regarding the strategic imperative to rebuild a domestic rare earth element supply chain to end reliance on Chinese monopolies. She explains how the U.S. government is mitigating market risks through floor prices and long-term offtake agreements, providing the "economic certainty" needed to protect local miners from predatory price dumping. The conversation highlights a shift toward a collaborative industry ecosystem and underscores that securing these minerals—essential for magnets and technology—is a critical bipartisan priority for national security.
Learn more about your ad choices. Visit megaphone.fm/adchoices</description>
      <pubDate>Sat, 16 May 2026 19:09:00 -0000</pubDate>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:author>77 WABC</itunes:author>
      <itunes:subtitle></itunes:subtitle>
      <itunes:summary>Ryan Payne interviews Barbara Humpton, CEO of USA Rare Earth, regarding the strategic imperative to rebuild a domestic rare earth element supply chain to end reliance on Chinese monopolies. She explains how the U.S. government is mitigating market risks through floor prices and long-term offtake agreements, providing the "economic certainty" needed to protect local miners from predatory price dumping. The conversation highlights a shift toward a collaborative industry ecosystem and underscores that securing these minerals—essential for magnets and technology—is a critical bipartisan priority for national security.
Learn more about your ad choices. Visit megaphone.fm/adchoices</itunes:summary>
      <content:encoded>
        <![CDATA[<p>Ryan Payne interviews Barbara Humpton, CEO of USA Rare Earth, regarding the strategic imperative to rebuild a domestic rare earth element supply chain to end reliance on Chinese monopolies. She explains how the U.S. government is mitigating market risks through floor prices and long-term offtake agreements, providing the "economic certainty" needed to protect local miners from predatory price dumping. The conversation highlights a shift toward a collaborative industry ecosystem and underscores that securing these minerals—essential for magnets and technology—is a critical bipartisan priority for national security.</p><p> </p><p>Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a></p>]]>
      </content:encoded>
      <itunes:duration>761</itunes:duration>
      <guid isPermaLink="false"><![CDATA[b538283c-515a-11f1-a3a4-376682580d21]]></guid>
      <enclosure url="https://chrt.fm/track/2FE782/traffic.megaphone.fm/WABC2886350562.mp3" length="0" type="audio/mpeg"/>
    </item>
    <item>
      <title>Rich Antoniello | 05-09-26</title>
      <description>Ryan Payne talks with Rich Antoniello, founder and former CEO of Complex Networks, about media CEO pay, the challenges of running a profitable media business, and why executive compensation in the industry has become so high. They also break down cable news, carriage fees, declining ratings, digital media, podcasts, YouTube, live events, and why owning your audience directly can be more valuable than traditional TV exposure.
Learn more about your ad choices. Visit megaphone.fm/adchoices</description>
      <pubDate>Tue, 12 May 2026 15:29:00 -0000</pubDate>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:author>77 WABC</itunes:author>
      <itunes:subtitle></itunes:subtitle>
      <itunes:summary>Ryan Payne talks with Rich Antoniello, founder and former CEO of Complex Networks, about media CEO pay, the challenges of running a profitable media business, and why executive compensation in the industry has become so high. They also break down cable news, carriage fees, declining ratings, digital media, podcasts, YouTube, live events, and why owning your audience directly can be more valuable than traditional TV exposure.
Learn more about your ad choices. Visit megaphone.fm/adchoices</itunes:summary>
      <content:encoded>
        <![CDATA[<p>Ryan Payne talks with Rich Antoniello, founder and former CEO of Complex Networks, about media CEO pay, the challenges of running a profitable media business, and why executive compensation in the industry has become so high. They also break down cable news, carriage fees, declining ratings, digital media, podcasts, YouTube, live events, and why owning your audience directly can be more valuable than traditional TV exposure.</p><p> </p><p>Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a></p>]]>
      </content:encoded>
      <itunes:duration>1136</itunes:duration>
      <guid isPermaLink="false"><![CDATA[5f0bbeb0-4e17-11f1-99c5-17ed8559e12c]]></guid>
      <enclosure url="https://chrt.fm/track/2FE782/traffic.megaphone.fm/WABC6636059012.mp3?updated=1778605535" length="0" type="audio/mpeg"/>
    </item>
    <item>
      <title>Bob Payne | 05-09-26</title>
      <description>Ryan Payne and Bob Payne break down the market’s record highs, strong earnings, job growth, inflation, oil prices, and why they believe the economy still has room to run. They also discuss AI-driven productivity, the labor market, the risk of higher rates, and how investors should think about stocks, bonds, and staying fully invested in a big booming bull market.
Learn more about your ad choices. Visit megaphone.fm/adchoices</description>
      <pubDate>Tue, 12 May 2026 15:22:00 -0000</pubDate>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:author>77 WABC</itunes:author>
      <itunes:subtitle></itunes:subtitle>
      <itunes:summary>Ryan Payne and Bob Payne break down the market’s record highs, strong earnings, job growth, inflation, oil prices, and why they believe the economy still has room to run. They also discuss AI-driven productivity, the labor market, the risk of higher rates, and how investors should think about stocks, bonds, and staying fully invested in a big booming bull market.
Learn more about your ad choices. Visit megaphone.fm/adchoices</itunes:summary>
      <content:encoded>
        <![CDATA[<p>Ryan Payne and Bob Payne break down the market’s record highs, strong earnings, job growth, inflation, oil prices, and why they believe the economy still has room to run. They also discuss AI-driven productivity, the labor market, the risk of higher rates, and how investors should think about stocks, bonds, and staying fully invested in a big booming bull market.</p><p> </p><p>Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a></p>]]>
      </content:encoded>
      <itunes:duration>858</itunes:duration>
      <guid isPermaLink="false"><![CDATA[5c9b55a6-4e16-11f1-8e4d-57e4c72cd92a]]></guid>
      <enclosure url="https://chrt.fm/track/2FE782/traffic.megaphone.fm/WABC5961757989.mp3?updated=1778605510" length="0" type="audio/mpeg"/>
    </item>
    <item>
      <title>No Payne No Gain | 05-09-26</title>
      <description>Ryan Payne breaks down the market’s continued climb despite Middle East uncertainty, higher gas prices, inflation concerns, and questions around the labor market. Ryan and Producer B discuss strong earnings, AI-driven productivity, baby boomer spending, housing pressure, foreclosures, consumer spending, shrinkflation, LIV Golf, quarterly earnings, crypto, March Madness, and the future of media. Ryan is also joined by Bob Payne for a deeper look at record market highs, jobs, inflation, oil, bonds, and how investors should position their portfolios. Plus, Rich Antoniello, founder and former CEO of Complex Networks, joins the show to talk media CEO pay, cable news, carriage fees, digital media, podcasts, and how modern media brands make money.
Learn more about your ad choices. Visit megaphone.fm/adchoices</description>
      <pubDate>Tue, 12 May 2026 15:19:00 -0000</pubDate>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:author>77 WABC</itunes:author>
      <itunes:subtitle></itunes:subtitle>
      <itunes:summary>Ryan Payne breaks down the market’s continued climb despite Middle East uncertainty, higher gas prices, inflation concerns, and questions around the labor market. Ryan and Producer B discuss strong earnings, AI-driven productivity, baby boomer spending, housing pressure, foreclosures, consumer spending, shrinkflation, LIV Golf, quarterly earnings, crypto, March Madness, and the future of media. Ryan is also joined by Bob Payne for a deeper look at record market highs, jobs, inflation, oil, bonds, and how investors should position their portfolios. Plus, Rich Antoniello, founder and former CEO of Complex Networks, joins the show to talk media CEO pay, cable news, carriage fees, digital media, podcasts, and how modern media brands make money.
Learn more about your ad choices. Visit megaphone.fm/adchoices</itunes:summary>
      <content:encoded>
        <![CDATA[<p>Ryan Payne breaks down the market’s continued climb despite Middle East uncertainty, higher gas prices, inflation concerns, and questions around the labor market. Ryan and Producer B discuss strong earnings, AI-driven productivity, baby boomer spending, housing pressure, foreclosures, consumer spending, shrinkflation, LIV Golf, quarterly earnings, crypto, March Madness, and the future of media. Ryan is also joined by Bob Payne for a deeper look at record market highs, jobs, inflation, oil, bonds, and how investors should position their portfolios. Plus, Rich Antoniello, founder and former CEO of Complex Networks, joins the show to talk media CEO pay, cable news, carriage fees, digital media, podcasts, and how modern media brands make money.</p><p> </p><p>Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a></p>]]>
      </content:encoded>
      <itunes:duration>3603</itunes:duration>
      <guid isPermaLink="false"><![CDATA[f20cab68-4e15-11f1-9edc-7b0c3a636b56]]></guid>
      <enclosure url="https://chrt.fm/track/2FE782/traffic.megaphone.fm/WABC6386747652.mp3?updated=1778605556" length="0" type="audio/mpeg"/>
    </item>
    <item>
      <title>Noble Black | 05-02-26</title>
      <description>Ryan Payne talks with Noble Black of The Corcoran Group about New York City’s intense spring real estate market. They break down rising rents, shrinking supply, broker fees, proposed pied-a-terre taxes, and why political quick fixes may make affordability worse. Noble also explains what renters and buyers should do now, including knowing the market, preparing financial documents, cleaning up credit issues, and being ready to move fast in a competitive market.
Learn more about your ad choices. Visit megaphone.fm/adchoices</description>
      <pubDate>Tue, 12 May 2026 15:07:00 -0000</pubDate>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:author>77 WABC</itunes:author>
      <itunes:subtitle></itunes:subtitle>
      <itunes:summary>Ryan Payne talks with Noble Black of The Corcoran Group about New York City’s intense spring real estate market. They break down rising rents, shrinking supply, broker fees, proposed pied-a-terre taxes, and why political quick fixes may make affordability worse. Noble also explains what renters and buyers should do now, including knowing the market, preparing financial documents, cleaning up credit issues, and being ready to move fast in a competitive market.
Learn more about your ad choices. Visit megaphone.fm/adchoices</itunes:summary>
      <content:encoded>
        <![CDATA[<p>Ryan Payne talks with Noble Black of The Corcoran Group about New York City’s intense spring real estate market. They break down rising rents, shrinking supply, broker fees, proposed pied-a-terre taxes, and why political quick fixes may make affordability worse. Noble also explains what renters and buyers should do now, including knowing the market, preparing financial documents, cleaning up credit issues, and being ready to move fast in a competitive market.</p><p> </p><p>Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a></p>]]>
      </content:encoded>
      <itunes:duration>811</itunes:duration>
      <guid isPermaLink="false"><![CDATA[5da675a4-4e14-11f1-a6c1-6f119ef11599]]></guid>
      <enclosure url="https://chrt.fm/track/2FE782/traffic.megaphone.fm/WABC8986341193.mp3?updated=1778605466" length="0" type="audio/mpeg"/>
    </item>
    <item>
      <title>No Payne No Gain | 05-02-26</title>
      <description>Ryan Payne breaks down a big week in the markets, including the tech rebound, AI spending, strong earnings, inflation, oil prices, and why the economy remains resilient despite global uncertainty. Ryan also talks with Noble Black of The Corcoran Group about New York City real estate, rising rents, limited supply, broker fees, and what buyers and renters should know in today’s market. The show also covers credit card debt, streaming wars, small colleges, trade careers, the WNBA’s rise, ETFs, dividend stocks, and long-term investing.
Learn more about your ad choices. Visit megaphone.fm/adchoices</description>
      <pubDate>Tue, 12 May 2026 15:04:00 -0000</pubDate>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:author>77 WABC</itunes:author>
      <itunes:subtitle></itunes:subtitle>
      <itunes:summary>Ryan Payne breaks down a big week in the markets, including the tech rebound, AI spending, strong earnings, inflation, oil prices, and why the economy remains resilient despite global uncertainty. Ryan also talks with Noble Black of The Corcoran Group about New York City real estate, rising rents, limited supply, broker fees, and what buyers and renters should know in today’s market. The show also covers credit card debt, streaming wars, small colleges, trade careers, the WNBA’s rise, ETFs, dividend stocks, and long-term investing.
Learn more about your ad choices. Visit megaphone.fm/adchoices</itunes:summary>
      <content:encoded>
        <![CDATA[<p>Ryan Payne breaks down a big week in the markets, including the tech rebound, AI spending, strong earnings, inflation, oil prices, and why the economy remains resilient despite global uncertainty. Ryan also talks with Noble Black of The Corcoran Group about New York City real estate, rising rents, limited supply, broker fees, and what buyers and renters should know in today’s market. The show also covers credit card debt, streaming wars, small colleges, trade careers, the WNBA’s rise, ETFs, dividend stocks, and long-term investing.</p><p> </p><p>Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a></p>]]>
      </content:encoded>
      <itunes:duration>3881</itunes:duration>
      <guid isPermaLink="false"><![CDATA[effbb456-4e13-11f1-9dc5-1f9ef411f902]]></guid>
      <enclosure url="https://chrt.fm/track/2FE782/traffic.megaphone.fm/WABC4336721713.mp3?updated=1778605329" length="0" type="audio/mpeg"/>
    </item>
    <item>
      <title>Bob Payne | 04-25-26</title>
      <description>Ryan Payne is joined by his father, Bob Payne, for a market-focused conversation on inflation, cash, investing, and why they believe the economy remains stronger than many headlines suggest. Ryan and Bob break down the risks of sitting on cash, the impact of rising costs, record highs in the S&amp;P 500 and NASDAQ, strong corporate earnings, and how AI and productivity gains could continue supporting the market. They also discuss the disconnect between consumer sentiment and consumer spending, why uncertainty can create opportunity for long-term investors, and the importance of staying diversified through low-cost ETFs, small and mid-sized companies, and emerging markets.
Learn more about your ad choices. Visit megaphone.fm/adchoices</description>
      <pubDate>Tue, 12 May 2026 14:59:00 -0000</pubDate>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:author>77 WABC</itunes:author>
      <itunes:subtitle></itunes:subtitle>
      <itunes:summary>Ryan Payne is joined by his father, Bob Payne, for a market-focused conversation on inflation, cash, investing, and why they believe the economy remains stronger than many headlines suggest. Ryan and Bob break down the risks of sitting on cash, the impact of rising costs, record highs in the S&amp;P 500 and NASDAQ, strong corporate earnings, and how AI and productivity gains could continue supporting the market. They also discuss the disconnect between consumer sentiment and consumer spending, why uncertainty can create opportunity for long-term investors, and the importance of staying diversified through low-cost ETFs, small and mid-sized companies, and emerging markets.
Learn more about your ad choices. Visit megaphone.fm/adchoices</itunes:summary>
      <content:encoded>
        <![CDATA[<p>Ryan Payne is joined by his father, Bob Payne, for a market-focused conversation on inflation, cash, investing, and why they believe the economy remains stronger than many headlines suggest. Ryan and Bob break down the risks of sitting on cash, the impact of rising costs, record highs in the S&amp;P 500 and NASDAQ, strong corporate earnings, and how AI and productivity gains could continue supporting the market. They also discuss the disconnect between consumer sentiment and consumer spending, why uncertainty can create opportunity for long-term investors, and the importance of staying diversified through low-cost ETFs, small and mid-sized companies, and emerging markets.</p><p> </p><p>Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a></p>]]>
      </content:encoded>
      <itunes:duration>727</itunes:duration>
      <guid isPermaLink="false"><![CDATA[26d58b2e-4e13-11f1-9be7-b33b72c413d1]]></guid>
      <enclosure url="https://chrt.fm/track/2FE782/traffic.megaphone.fm/WABC9736853056.mp3?updated=1778605239" length="0" type="audio/mpeg"/>
    </item>
    <item>
      <title>Glen Kunofsky | 04-25-26</title>
      <description>On this episode of No Payne No Gain, Ryan Payne sits down with Glen Kunofsky, CEO of Surmount Realty, for a conversation on the future of New York City real estate. They discuss concerns over new tax proposals, anti-business policies, high-net-worth individuals leaving the city, and how political uncertainty could impact commercial and residential real estate. Ryan and Glen also break down why businesses are expanding into places like Florida, Phoenix, and Boston, what rising interest rates mean for buyers, and why timing the real estate market is nearly impossible. From housing affordability to the pressure facing middle-class buyers, the episode looks at whether New York real estate is still worth the risk and what investors, homeowners, and business owners should be watching next.
Learn more about your ad choices. Visit megaphone.fm/adchoices</description>
      <pubDate>Tue, 12 May 2026 14:55:00 -0000</pubDate>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:author>77 WABC</itunes:author>
      <itunes:subtitle></itunes:subtitle>
      <itunes:summary>On this episode of No Payne No Gain, Ryan Payne sits down with Glen Kunofsky, CEO of Surmount Realty, for a conversation on the future of New York City real estate. They discuss concerns over new tax proposals, anti-business policies, high-net-worth individuals leaving the city, and how political uncertainty could impact commercial and residential real estate. Ryan and Glen also break down why businesses are expanding into places like Florida, Phoenix, and Boston, what rising interest rates mean for buyers, and why timing the real estate market is nearly impossible. From housing affordability to the pressure facing middle-class buyers, the episode looks at whether New York real estate is still worth the risk and what investors, homeowners, and business owners should be watching next.
Learn more about your ad choices. Visit megaphone.fm/adchoices</itunes:summary>
      <content:encoded>
        <![CDATA[<p>On this episode of No Payne No Gain, Ryan Payne sits down with Glen Kunofsky, CEO of Surmount Realty, for a conversation on the future of New York City real estate. They discuss concerns over new tax proposals, anti-business policies, high-net-worth individuals leaving the city, and how political uncertainty could impact commercial and residential real estate. Ryan and Glen also break down why businesses are expanding into places like Florida, Phoenix, and Boston, what rising interest rates mean for buyers, and why timing the real estate market is nearly impossible. From housing affordability to the pressure facing middle-class buyers, the episode looks at whether New York real estate is still worth the risk and what investors, homeowners, and business owners should be watching next.</p><p> </p><p>Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a></p>]]>
      </content:encoded>
      <itunes:duration>720</itunes:duration>
      <guid isPermaLink="false"><![CDATA[6c304836-4e12-11f1-9987-438b30671b4f]]></guid>
      <enclosure url="https://chrt.fm/track/2FE782/traffic.megaphone.fm/WABC4148543503.mp3?updated=1778605216" length="0" type="audio/mpeg"/>
    </item>
    <item>
      <title>No Payne No Gain | 04-25-26</title>
      <description>On the debut episode of No Payne No Gain, Ryan Payne returns to 77 WABC Radio to break down the biggest money stories impacting investors, homeowners, business owners, and everyday Americans. Ryan discusses why the stock market continues to climb despite geopolitical risk, elevated oil prices, inflation concerns, and uncertainty in the Middle East. He also explains how artificial intelligence, automation, strong corporate earnings, and American productivity are helping drive the economy forward. Ryan is joined by Glen Kunofsky, CEO of Surmount Realty, for a conversation on New York City real estate, tax policy, business confidence, and whether companies and high-net-worth individuals may continue leaving the city. The episode also covers data centers, AI’s impact on jobs, the labor market, credit card debt, housing affordability, and practical ways to think about investing, inflation, and keeping money working for the long term.
Learn more about your ad choices. Visit megaphone.fm/adchoices</description>
      <pubDate>Tue, 12 May 2026 13:13:00 -0000</pubDate>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:author>77 WABC</itunes:author>
      <itunes:subtitle></itunes:subtitle>
      <itunes:summary>On the debut episode of No Payne No Gain, Ryan Payne returns to 77 WABC Radio to break down the biggest money stories impacting investors, homeowners, business owners, and everyday Americans. Ryan discusses why the stock market continues to climb despite geopolitical risk, elevated oil prices, inflation concerns, and uncertainty in the Middle East. He also explains how artificial intelligence, automation, strong corporate earnings, and American productivity are helping drive the economy forward. Ryan is joined by Glen Kunofsky, CEO of Surmount Realty, for a conversation on New York City real estate, tax policy, business confidence, and whether companies and high-net-worth individuals may continue leaving the city. The episode also covers data centers, AI’s impact on jobs, the labor market, credit card debt, housing affordability, and practical ways to think about investing, inflation, and keeping money working for the long term.
Learn more about your ad choices. Visit megaphone.fm/adchoices</itunes:summary>
      <content:encoded>
        <![CDATA[<p>On the debut episode of No Payne No Gain, Ryan Payne returns to 77 WABC Radio to break down the biggest money stories impacting investors, homeowners, business owners, and everyday Americans. Ryan discusses why the stock market continues to climb despite geopolitical risk, elevated oil prices, inflation concerns, and uncertainty in the Middle East. He also explains how artificial intelligence, automation, strong corporate earnings, and American productivity are helping drive the economy forward. Ryan is joined by Glen Kunofsky, CEO of Surmount Realty, for a conversation on New York City real estate, tax policy, business confidence, and whether companies and high-net-worth individuals may continue leaving the city. The episode also covers data centers, AI’s impact on jobs, the labor market, credit card debt, housing affordability, and practical ways to think about investing, inflation, and keeping money working for the long term.</p><p> </p><p>Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a></p>]]>
      </content:encoded>
      <itunes:duration>3484</itunes:duration>
      <guid isPermaLink="false"><![CDATA[488abece-4e04-11f1-9fa8-c7247fcd1b1d]]></guid>
      <enclosure url="https://chrt.fm/track/2FE782/traffic.megaphone.fm/WABC5114309548.mp3?updated=1778605276" length="0" type="audio/mpeg"/>
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