After Michael Burry (of Big Short fame) made his crash prediction, we decided to go back through the success rate of his predictions. We then go abroad and take a look at the Chinese economy’s contraction, how Britain and our Mississippi neighbors are similar, and more insane sportswashing from Saudi Arabia. We’ll end with data on young homeowners and how coastal areas could take an even bigger real estate market hit.
Key Takeaways
[00:17] - Fearmongering from Michael Burry + the media
[06:30] - What’s going on with the Chinese market?
[11:33] - Britain = Mississippi and Neymar = rich
[14:41] - The shocking data on how much Americans have saved for retirement
[17:39] - Homeownership rate for young people may be better than narrative says
[20:43] - Factoring in homeowner’s insurance in places like New Orleans
Links
Big Short trader Michael Burry bets $1.6 billion on stock market crash
Michael Burry’s market predictions: Hits, misses, and the reality
Mexico surpassed China as the top U.S. trading partner
China suspends report on youth unemployment, which was at a record high
Is Britain really as poor as Mississippi?
Perks of Neymar’s Saudi Arabia football club deal
Here’s what a $5M retirement looks like in the U.S.
Young homeownership rate actually comparable to the last four decades
Mortgage rates and home prices needed to return to pre-pandemic affordability
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Doug Stokes
Greg Stokes
Stokes Family Office
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Disclosure
The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.
