The House’s Cut is Going Up

This podcast episode explores the current state of the housing market and the broader economy, highlighting the impact of high interest rates. Despite the challenges posed by high mortgage rates, the housing market has remained relatively stable with steady demand and high prices. In the broader economy, earnings growth for S&P 500 companies has remained flat, indicating that companies have been able to offset declining demand through pricing power and cost-cutting measures. The podcast also discusses the strategy of Vegas casinos to lower payouts and raise prices to increase revenue, as well as the changing landscape of casino gambling with a greater focus on lodging and entertainment. Additionally, the episode delves into the potential of weight loss drugs, such as Ozempic and Wegovy, and the associated risks and expansion into the medical weight loss market. Finally, it highlights Eli Lilly's potential weight loss drug, Manjaro, as a frontrunner in the industry with projected peak sales of $25 billion annually.