Millionaire Mindcast Black Friday Sales Surge, Abolishing Income Tax, and Foreclosures On The Rise | Money Moves
In this episode of Money Moves, Matty and Ryan break down a packed week of market-moving headlines—starting with record-shattering Black Friday sales, a bold political push to abolish income tax, and new data showing foreclosures beginning to rise across the country.
They unpack the implications of $11.8 billion in online Black Friday spending, surging Buy Now Pay Later adoption, and what consumer behavior tells us about the strength—or vulnerability—of the American household heading into 2026.
The conversation then pivots to Trump’s increasingly vocal proposal to eliminate income tax and what that could actually look like when you follow the money. Ryan outlines where revenue would realistically come from, the role tariffs might play, and why high-income earners are unlikely to escape the taxman entirely.
Finally, they dive into the early warning signs in real estate: a 20% surge in foreclosures, rising household debt, declining home values in more than half the country, and why builders and contractors are suddenly slowing down after three years of nonstop demand.
From macro data to mindset, policy to portfolio strategy, this episode gives you a blunt, unfiltered look at what’s really happening—and how to position yourself for what comes next.
Topics Covered:
- Record-breaking Black Friday and weekend sales
- Surging Buy Now Pay Later usage among younger and higher-income consumers
- Market outlook and the potential Santa Claus rally
- Quantitative tightening ending and what QE/QT shifts mean for investors
- Rising credit card usage and cracks in the consumer debt cycle
- Trump’s push to abolish income tax and the realistic feasibility
- Tariffs, flat sales tax, and alternate revenue models
- Institutional crypto adoption and Vanguard’s ETF reversal
- Foreclosures up 20% and household debt hitting new records
- Home price declines vs. rising median sale price
- Contractors and builders slowing as demand shows early signs of cooling
- Housing affordability outlook heading into 2026
- AI valuations, Anthropic’s IPO plans, and future Fed chair speculation
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