PBD Podcast Michelle Obama for President, Elon Musk's Alleged Drug Abuse | PBD Podcast | Ep. 347
Jan 9, 2024
Elon Musk faces scrutiny over alleged drug abuse, raising alarms for Tesla shareholders. The discussion shifts to political forecasts, with predictions that Biden may drop out of the 2024 race. Rising office vacancies and the issue of consumer debt via 'Buy Now, Pay Later' loans also get highlighted. Additionally, Lululemon responds to criticism over diversity comments, while Pat McAfee accuses ESPN of sabotaging his show. The episode delves into the impact of political bias in late-night comedy and speculations about Michelle Obama’s potential presidential run.
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Record Office Vacancies
- Office vacancies in major U.S. cities hit a record high, exceeding the previous record from 1979.
- This high vacancy rate is primarily due to overbuilding and the shift towards remote work, accelerated by the COVID-19 pandemic.
Phantom Debt
- Buy Now Pay Later (BNPL) loans are causing increased "phantom debt", unreported to credit agencies, making actual household debt higher.
- The ease of BNPL encourages more debt, and a significant percentage of borrowers struggle with late payments.
Financial Discipline
- Increase your income but maintain your lifestyle to prioritize saving and investing.
- Avoid lifestyle inflation; let income multiply before significantly changing spending habits.