

Prof G Markets: Home Depot and the Housing Crisis, Stellantis Beats Tesla, and the Lithium Market
12 snips Feb 27, 2023
Joining the discussion is Ed Elson, a savvy market analyst from Prof G Media. Together, they dissect Home Depot's disappointing earnings and what it reveals about consumer behavior. The duo also highlights Stellantis' impressive growth, positioning it as a major player in the EV market. The conversation shifts to Mexico's controversial decision to nationalize its lithium reserves, drawing parallels to oil and discussing potential global implications. Tune in for insights on the housing crisis and the evolving automotive landscape!
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Home Depot's Dip is Good
- What's bad for Home Depot shareholders is good for the world.
- Healthy market trends like decreased home spending and rising wages caused Home Depot's stock dip.
Housing Inequality
- One-third of US homes are bought with cash, while first-time homebuyers are at a record low.
- This reflects growing income inequality, favoring older, wealthier individuals over young people.
Delray Development
- Scott Galloway encountered resistance from a homeowner at a local review board meeting.
- The homeowner opposed development, claiming they walked their dog there, highlighting how incumbents obstruct new entrants.