PBD Podcast Home Team | PBD Podcast | Ep. 311
Oct 6, 2023
Dive into a whirlwind of economic and political currents, from surging labor strikes impacting millions to soaring mortgage rates squeezing homebuyers. Explore the complexities of verbal abuse in parenting linked to child development, and navigate the controversies of gender relations in sports. Discover innovative urban transformations and the challenges of a changing housing market. The discussion emphasizes self-reliance amid global crises and highlights the distinct financial strategies for securing a stable future. Tune in for thought-provoking insights!
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Economic and Political Turmoil
- The economy is significantly impacting current events, from rising treasury yields and mortgage rates to strikes and recession fears.
- These economic challenges are intertwined with political and social issues, creating a complex landscape.
Record-Breaking Healthcare Strike
- Healthcare workers launched the largest strike in U.S. history, adding to ongoing strikes in Hollywood and the auto industry.
- Workers are demanding higher wages to cope with inflation and the rising cost of living.
Skyrocketing Mortgage Rates
- Mortgage rates are nearing 8%, a level not seen since 2000, impacting housing affordability.
- A $500,000 house now requires a $122,000 annual income to qualify for a mortgage, compared to $70,000 just 18 months ago.