PBD Podcast Reaction To Trump Announcing 2024 Run | PBD Podcast | Ep. 205
Nov 17, 2022
The discussion kicks off with reactions to Trump's announcement for the 2024 presidential run, dissecting his victim mindset and media portrayal. The panel tackles pressing economic issues like soaring household debt and the rise of HELOCs as financial safety nets. They also highlight the worrying trend of Americans not tipping well and analyze the troubling execution decisions in Iran. Conversations shift between the impact of a national Adderall shortage and the shifting dynamics in consumer culture, creating a riveting exploration of today's socio-political landscape.
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Consumer Spending Shift
- Consumers are using credit cards more due to inflation, impacting spending habits.
- Discretionary spending is decreasing, while spending on groceries and essential items is increasing.
Milk Price Concerns
- Patrick Bet-David recounts a conversation in D.C. where women expressed concerns about rising grocery prices.
- Milk was cited as a prime example, with prices increasing significantly.
HELOCs and Housing Market
- Homeowners are using HELOCs to improve their homes due to difficulties selling in the current market.
- This benefits home improvement stores but poses risks if housing prices decline.
