Under the radar
The middle class's ruin, the auto bubble, and the return of Michael Burry
What’s Graham up, it’s guys here!
Before we get into this week’s videos, I have a special announcement to make… We crossed 10k subscribers on the newsletter this week, less than 4 months from when we started, and I can’t believe it! This wouldn’t have been possible without the support of y’all. Thanks a million!
Here’s a thread with some of my favorite posts - Comment below which one you liked the most!
Now with that said, we have a lot of catching up to do because the market never sleeps. I have some troubling news about the middle class’s finances, and a bubble that you could never have seen coming - And to add to that, Michael Burry is back with some scary predictions.
But fear not, because within every problem lies the key to facing it. Let’s get started!
The middle class is ruined
I know that’s not a reassuring message. But you’ve got to stare the problem in the face to have any chance of fixing it, and it’s no joke: Household debt has risen to an all-time high in America, and 1 in 3 people with an annual income of $250,000 or more are living paycheck to paycheck… It’s a recipe for disaster. But the more I looked into it, the more I realize that the root cause of the issue is much deeper - So watch this video to know how you can avoid these mistakes or turn your situation around to make more money AND keep it!
The Car Market Bubble
You’ve heard about bubbles in the stock market, in crypto, in real-estate… But used cars? This one has slipped past everyone’s radar and is now threatening to break the automotive industry. Here’s the story of how predatory loans and hype led to a huge bubble in the used car market, and how it’s going to affect car prices in the coming years. I’m surprised that more people aren’t talking about it - even when the party is about to end - and you shouldn’t skip past this one!
The Prodigal Burry returns
Tweets that are posted and deleted within few hours - Not a big deal, unless it’s coming from the guy who called the housing market crash, inflation, the crypto crash, and the top of the market before everything went south… Michael Burry who’s been off Twitter for a long time has returned and been unusually active, and his claims about the coming crash in 2022 have dangerous consequences if they turn out as he says. Let’s unpack what exactly Burry said, the data and research behind his predictions, my own thoughts on the “2022 crash” - and what it means for your money.
So that’s it for my Sunday round-up. For the new folks here, in this newsletter, I give a quick recap of whatever you may have missed over the week on Sunday, and on Wednesday, I will be doing my deep-dive article on one of these topics.
See you next week with another bunch of exciting videos!
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