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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Episode notes
Market Denial
- The market is in a bear market and a recession, but no one wants to officially acknowledge it.
- Analysts are hesitant to be the first to declare it due to potential political and economic consequences.
Bear Market Advantage
- Use bear markets to your advantage, as they present opportunities to build wealth.
- Prepare yourself properly to capitalize on market downturns, following the "predict, prepare, and persevere" strategy.
Trump's Help to Critics
- Patrick Bet-David recounts how Trump helped Jorge Ramos and A$AP Rocky when they were detained abroad, despite their disagreements with him.
- He contrasts this with the Biden administration's handling of Brittney Griner's detainment in Russia.
