PBD Podcast Save Your Money! The Housing Market Loses 2.3 Trillion In Value w/ Home Team | Episode 239 | Part 1
Feb 23, 2023
Dive into the pressing issues of the housing market as it faces a staggering $2.3 trillion loss in value. Discover insights on the economic predictions from Morgan Stanley and what they mean for the recession. The panel also discusses urban issues, highlighting the top dirtiest cities in the U.S., and the significant societal challenges that accompany them. Don't miss the lively debate on media narratives and political rivalries, especially surrounding Trump and DeSantis, and how these dynamics shape public perception.
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Market Fragility
- Morgan Stanley predicts the S&P 500 could drop 26% in the first half of 2023 due to expensive stock valuations.
- They believe the economy is fragile, citing Home Depot's recent announcement and subsequent market drop.
Unpredictable Markets
- Adam Ellsworth recalls a friend at Goldman Sachs who correctly predicted and profited from the 2020 market crash.
- This anecdote emphasizes the unpredictability of markets and the limitations of expert predictions.
Asset Allocation Strategy
- Determine your age and appropriate asset allocation to manage investment risk.
- If you're not planning to sell assets soon, unrealized losses in home equity or the stock market are less concerning.