Void Pool: Episode 6

Costco Gold Rush and Crypto Winter

1 year ago

Episode Notes

Void Pool Podcast Outline

Introduction

  • Welcome listeners to a new episode of the Void Pool podcast.
  • Brief overview of the topics to be covered.
  • Set context: Understanding the financial turbulence across different sectors.

Topic 1: Housing Prices

  • Recap the paradoxical situation:
  • Stocks plummeting
  • Rising oil prices
  • Surging interest rates
  • Declining gold prices
  • Soaring housing prices
  • Commercial real estate downfall
  • Questions:
  • Why is there a discrepancy between what one would expect and the current market behavior?
  • What external factors might be influencing the residential real estate market?
  • Could this be a sign of a larger bubble?

Topic 2: Government Shutdown

  • Describe the looming shutdown and its significance.
  • Dive into the Congress deadlock and the issues at hand.
  • Questions:
  • What are the potential ramifications of a government shutdown?
  • How might the shutdown affect the overall economy, including housing prices?
  • Why is Ukraine's funding a point of contention for House Speaker Kevin McCarthy?

Topic 3: UAW Strike

  • Overview of the strike's expansion and its roots.
  • Discuss the companies and their rebuttals.
  • Questions:
  • What are the underlying issues causing this clash between the UAW and automakers?
  • How might these strikes affect the broader economy?

Topic 4: Gold Prices

  • Highlight Costco's venture into selling gold bars and the demand surge.
  • Discuss the skepticism surrounding retail gold availability.
  • Questions:
  • Are institutions divesting from gold, or is there another narrative?
  • How does the trend at Costco relate to global gold price trends?

Topic 5: Crypto Winter

  • Chart the recent highs and lows in the crypto market.
  • Delve into external influences like Elon Musk and Jerome Powell's statements.
  • Questions:
  • How might the conversion of Grayscale Bitcoin Trust into an ETF impact the market?
  • Are we seeing a market correction or a temporary downturn?

Topic 6: Utility Price (XLU) Decrease

  • Discuss the traditional view of utility stocks as recession-proof.
  • Highlight the challenges they currently face.
  • Questions:
  • Are utility companies a ticking time bomb?

Conclusion

  • Summarize the key points discussed in each topic.
  • Thank listeners for tuning in and encourage feedback.
  • Tease the next episode's topic or guest.

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