Rise of Inflation

Inflation is constantly rising and is affecting a lot of people and businesses. The rise in inflation also affects people like Elon Musk and Jeff Bezos since they have a lot of money. Although the government is planning to raise interest rates to try and keep inflation down, it’s still unavoidable. Jeff Bezos commented on this issue and said “You’re not going to cure inflation at all, you’re actually going to hurt the people that inflation hurts the most.”

Although there are a lot of factors that affect inflation, Economists also state that inflation isn’t anybody’s fault but the government alone. This is because at the end of the day, the government controls the value of the dollar. Another reason why inflation has been high is because the government printed so much money in the course of two years, because of the effects of COVID-19. Mitt Romney said that they’re applying a bill that is going to prevent Biden from being able to forgive any student loans. This means that students who’re unable to pay their student loans can’t be forgiven, because there are students who’ve already paid and are paying their loans. Making it unfair for those students repaying their student loans, because the ones that can’t pay their loans are just going to be forgiven.

Although there are a lot of factors that affect inflation, Economists also state that inflation isn’t anybody’s fault but the government alone. This is because at the end of the day, the government controls the value of the dollar. Another reason why inflation has been high is because the government printed so much money in the course of two years, because of the effects of COVID-19. Mitt Romney said that they’re applying a bill that is going to prevent Biden from being able to forgive any student loans. This means that students who’re unable to pay their student loans can’t be forgiven, because there are students who’ve already paid and are paying their loans. Making it unfair for those students repaying their student loans, because the ones that can’t pay their loans are just going to be forgiven.

Baseball Events – Pujols’ first time ever Pitching

Albert Pujols, St. Louise Cardinals brought him to pitch and the very first pitch he threw, the batter gets a hit on him. It was a three run home run, and then he gave up another home run right after. That was Pujols’ first time ever pitching, but it was quite interesting event. He’s played every position except for two. We’ve come to see a lot interesting events from the Cardinals and this is just one of them. Earlier that day Wainwright and Molina were pitching which got them the lead and continued their streak.

Walmart’s Huge Loss in Profits in Q1 Earnings

Although Walmart got this huge loss, their retail in April still increased for the fourth straight month. Walmart’s losses has to be coming from their supply chain issues. There was a time where they weren’t able to keep up their supply for the demand needed of their goods. People are prioritizing retail over actual food which somehow shows how Walmart’s retail continues to increase.

Johnny Depp and Amber Heard

Statistically, more people are interacting with the news article about their trial, than topics such as abortion, inflation, Joe Biden, and Elon Musk. This is the biggest news that people are constantly tuning into and their traffic has jumped to 9%, 16%, and 22% in the last three months. We understand as this case is continuing on, Johnny Depp is the good guy and Amber Heard is the bad guy. However, it just seems people are wasting their time on an event that’s become a reality TV.

US Soccer Agreeing Equal Pay

If the women’s soccer team is winning gold medals and are succeeding in this sport, then they should get paid the same amount as the men that aren’t performing well. For this reason, they are pushing for this agreement to have an equal pay for both men and women in soccer. After they won the court case, they got paid 22 million which is what the men are getting paid for. US Soccer will also share a portion of its broadcast partner and sponsorship revenue with 50-50 split. This is equally divided between men’s and women’s soccer.

The main reason why men’s and women’s soccer game weren’t equal in the first place is because people would come watch men’s game verses women’s game. This is even though the men’s team don’t perform well, they would still get the attention of more people to come watch. The more people come to watch the more revenue it gets when the seats are being filled, and more people are there to purchase merchandise. All this revenue is gathered to give back to the players.

Elon Musk Twitter Deal on Hold

Elon Musk says the SEC reports said that there was less than 5% of bots or fake accounts on Twitter. However, Elon Musk things there is 20% to 50% of those are actual fake accounts. The CEO of Twitter could not provide that information to show that there is less than 5% fake accounts. For this reason, the deal will be hold until there is proof given.

An undercover video of a Twitter employee saying that Elon is trying to remove censorship. This refers to people being bullied, Elon thinks that this is freedom of speech. So the Twitter employee shows that with them fully censoring everything, they are not proving to be a freedom of speech type of company. In relevance to the fake accounts, there’s another topic that said Elon Musk’s followers, around 23% of them are fake or spam accounts.

Real Estate Housing Market Crash Issue

Real estate’s a very outstanding commodity right now and has been for a long time. From our research, there doesn’t seem to be a housing crash. If people are telling you that there’s a 100% crash, then they’re most likely trying to sell you something. However, we don’t actually know that it will happen unless it happens. People are comparing statistics from 2008, but the market right now is nothing like 2008.

In 2008, there was no demand and there was oversupply of real estate. Nobody is foreclosing right now and back in 2008, 50% of mortgages were FHAs or from Federal Housing Administration. These were higher risk for first time homebuyer loans. When you had an FHA, you don’t have a lot of equity in your house. But right now, it’s at 23% to 28% which means people have a lot of equity in their house. This means that if people took a downturn, then you would have options to cash out, and get bailed out.

Adjustable rate mortgages was up to 15% to 20% of the loans going out, which started out at a teaser interest rate of 2% to 3%. This could adjust based on the market, and when the market took a downturn, everybody’s interest rates were tripling and quadrupling after that making people unable to afford their mortgages.

Another thing to look at out for in housing crash when you’re thinking foreclosing or defaulting loans, is the job market. There will still be two jobs to every one person in the US as long as this is a candidate driven market, then people will not have issues getting jobs and have no issues paying their mortgage. Based on what we’re seeing right now, there’s going to be some course correct. This is where the prices will readjust and may probably go down to about 5%, but there won’t be a crash. There may only be a possible market crash but it will only be because of inflation.

Apple Podcasts

Spotify

Please like and follow us on Facebook, and subscribe to our Youtube page to receive updates on our new podcast episode each week.