Lots of data continues to develop. One minute we see the stock market racing up at an amazing momentum and the next minute it’s headed downward and fast. One data set tells us everything is going to be okay and the next says quite the opposite. When we are in the midst of unprecedented times, this will be the case. There is lots and lots of noise. Don’t let it drown out the important factors.

This week I decided to take a deep dive into housing. I wanted to examine rent debt, mortgage rates, and homeownership by generations, especially as it relates to Millennials and Generation Z. But first, we’ll have our economic update and later we’ll dive into mortgage schemes in Europe as well. I hope you enjoy this episode!

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Crisis after crisis after crisis. That’s the best way to put what’s been going on over the past several weeks in the US. We are experiencing a vaccine shortage in the midst of a pandemic with different variants now surfacing. Questions like will Covid be something that will never going away? It’s too early to tell is what many epidemiologists have stated. All that aside, it’s been interesting for me to see two different worlds, one in where investors believe wholeheartedly that this market high will continue, and another world where everyday working Americans are tired and losing hope. The war on Wall Street that we talked about last time, is something we need to draw our attentions to more. Compared to other countries, Americans are ranked among the most overworked compared to other developed nations. At some point this does take a toll on our society.

So now, put this together will an energy crisis that is affecting the Southern United States. Many states experiencing rolling blackouts because of a disastrous winter storm. Parts of Texas reaching temperatures colder than Alaska. This is an issue that we need to examine, because it has lasting economic effects. But before we dive into that, let’s look at a commercial real estate update. Later, we’ll take a look at what’s going on in Europe.

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Check out the video recordings of our interviews on our Bad Bad News Podcast YouTube Channel!!

I’m a week late, but I think it worked out better this way because of all the unprecedented events we’ve seen happen just within the three weeks. In addition to the global pandemic, the never ending political divide in the US, the increasing income inequality, we now have somewhat a war on Wall Street happening. You may feel down just thinking about all of this. I mean, come on, this is called the Bad Bad News podcast! But I’ve said this time and time again, there are opportunities in every crisis. I truly believe in that. The first step to solving any problem is admitting, or in this case, identifying that there is one. That’s what I’m here for.

I’m super happy to say that we have not one but two interviews in the podcast surrounding big events that have taken over many headlines! The biggest question on a lot of people’s minds is what happened with GameStop? I will be getting into that with financial advisor Mr. Leydar Aiden Murillo. Another big topic that should be on people’s mind is inflation. We’ll be talking to Dr. Mark Pingle about inflation and what we should expect to see. You can view both of these interviews on YouTube on the Bad Bad News Podcast Channel! And for our ever growing European audience, we will be talking about Italy and France and what’s going on there.

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