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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Sustainability now: Modernizing the GHG Protocol
37:25
37:25
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37:25A video of this podcast is available on YouTube, Spotify, or PwC’s website at viewpoint.pwc.com In this episode, we take a closer look at the modernization of the Greenhouse Gas (GHG) Protocol and its implications for sustainability reporting with a member of the GHG Protocol’s Independent Standards Board, Paul Munter. Paul shares insights on the e…
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In this episode, we explore the FASB’s new software cost guidance and its impact on accounting for internal‑use software—what’s in scope, how to evaluate the revised capitalization criteria, the effective date and transition, and other key changes. We also take a deeper dive into AI‑related software development. In this episode, we discuss: 0:00 – …
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I Love the Smell of Capitalism in the Morning
23:06
23:06
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23:06On this episode of The Rate Guy, we talk about JP's love of all things Texas (well, maybe not the lobster mac & cheese), dig into the latest private-sector jobs data, and break down where we see interest rates heading in 2026 — plus why the impact on the 10T looks completely binary.By JP Conklin
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SEC to revisit quarterly reporting: Pros, cons, and what’s ahead
37:01
37:01
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37:01A video of this podcast is available on YouTube, Spotify, or PwC’s website at viewpoint.pwc.com The SEC is revisiting how often public companies report, weighing a shift from required quarterly Form 10‑Qs to a semiannual cadence. We explore what’s driving the debate and the implications for companies, investors, and markets. In this episode, we dis…
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Sustainability now: GHG reporting trends and challenges
50:40
50:40
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50:40A video of this podcast is available on YouTube, Spotify, or PwC’s website at viewpoint.pwc.com Greenhouse gas (GHG) reporting continues to evolve, with companies facing increasing complexity in navigating frameworks, data quality, and materiality. In this episode, we explore recurring themes and practical challenges in GHG disclosures—from organiz…
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On this special edition episode of The Rate Guy we recap today's Fed meeting and analyze Powell's surprising remarks and what to be on the look out for in the week ahead. See you on 11/10! Here is the link to JP's recap in the Pensford Newsletter.By JP Conklin
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Going for a spin: Accounting and reporting for spinoffs
30:44
30:44
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30:44In today’s episode, we unpack the complexities of spinoff transactions and their accounting implications. From identifying spinoffs to addressing key financial reporting considerations, our guests share practical guidance and insights for companies planning or evaluating these strategic moves. In this episode, we discuss: 1:12 – Overview of spinoff…
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On this episode of The Rate Guy we break down the NBA betting scandal because apparently, Chauncey Billups was the big draw. Really? Plus, why Terry Rozier became the most bet-on player in America and what the NBA's "thorough investigation" didn't find. Then we pivot to the Fed: a 25bp cut is coming, but what happens next? We walk through four poss…
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Sustainability now: Inside the GHG Protocol’s scope 3 update
48:43
48:43
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48:43A video of this podcast is available on YouTube, Spotify, or PwC’s website at viewpoint.pwc.com In this episode, host Heather Horn is joined by Colin Powell, a PwC Canada partner and member of the GHG Protocol’s Scope 3 Standard Technical Working Group. They discuss key areas for change under consideration, including minimum boundaries and data qua…
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Sale of a business – Held for sale criteria, disc ops, and more
39:53
39:53
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39:53In today’s episode, we explore the accounting implications of selling a business—an increasingly relevant topic in today’s market. From initial considerations through the final disposition, we break down key accounting judgments, classification, and presentation requirements. In this episode, we discuss: 2:32 – Held-for-sale criteria 14:00 – Accoun…
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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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47:15A video of this podcast is available on YouTube, Spotify, or PwC’s website at viewpoint.pwc.com In 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 co…
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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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17:40On this episode of The Rate Guy we explore the private data sources around the job market and what they might mean in the absence of official government statistics. We also talk about projected rate cuts and when they will likely happen. For those of you that want to read along with the stats here is the link to the Pensford Newsletter. And to see …
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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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