PBD Podcast Tom Ellsworth (Biz Doc) | PBD Podcast | EP 79
Jul 29, 2021
Tom Ellsworth, a business and finance expert, joins regular guest Gerard Michaels to discuss pressing economic issues. They dive into widespread shortages impacting industries, including airlines and construction, while addressing inflation's effects on daily life. The conversation also critiques government policies favoring the wealthy and examines the implications of Ivy League elites in politics. Additionally, they review media competition between YouTube and Netflix, and reflect on the role of celebrities in governance amidst global dynamics.
AI Snips
Chapters
Transcript
Episode notes
Shortages Across Industries
- Tom Ellsworth received a message from American Airlines warning of fuel shortages and potential flight cancellations.
- Patrick Bet-David's general contractor is experiencing 12-month delays due to shortages, highlighting widespread supply chain issues.
Construction Delays
- Patrick Bet-David's company, PHP, is facing delays in its headquarters remodel due to shortages of concrete and drywall in Dallas.
- The contractor cited trucker shortages and difficulties in shipping materials as contributing factors.
Debt Ceiling Crisis
- Janet Yellen warned Congress about potential U.S. debt default unless the debt limit is raised.
- She plans to take extraordinary measures to prevent default, but the situation underscores economic concerns.