PBD Podcast Tom Ellsworth & Vincent Oshana | PBD Podcast | Ep. 168
Jul 5, 2022
Tom Ellsworth, an economic insights speaker, and Vincent Oshana, a current events commentator, dive into critical issues today. They discuss the reality of a recession and how rising mortgage rates are impacting the real estate market. Tom shares strategies for saving the economy as Vincent critiques political leadership, particularly regarding Biden and Trump. The conversation also touches on Facebook's downsizing and some notable shifts in media, including Rachel Maddow's replacement. Their insights are both thought-provoking and refreshingly candid!
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Oil Profits Paradox
- Oil companies' increased profits under Biden, compared to Trump, raise questions about the current administration's policies.
- Bet-David questions why oil companies didn't achieve record profits under a pro-oil president.
Kodak Black Encounter and Housing Market
- Patrick Bet-David shares an anecdote about being on a flight with Kodak Black and mistakenly calling him "Kodak Blue."
- He also highlights increasing housing inventory as a sign of a changing real estate market, challenging Dave Ramsey's predictions.
Real Estate Market Drivers
- Three factors drive the current real estate market: house flippers needing to sell, unemployment increasing inventory, and sidelined sellers entering the market.
- This increase in inventory will inevitably drive prices down, contrary to some optimistic predictions.
