Hello, fellow, rebel capital. Hope you're well. So we've got a lot to talk about today. Ed Dowd,

formerly from Black Rock or Blackstone. I should know that. I'll look it up in a second. But one of my

favorites, experts, market commentators, is out warning of a deep recession.

So we want to really pay attention to what Ed is saying, really, really smart guy.

We're going to get into the details in just a moment.

Also, along the lines of recession, a banking expert came on a podcast and I'm a big fan of the other day and was

talking about how he sees a downturn in housing. So what I did is, believe it or not, some research,

and I looked up what the housing market is as a percentage of GDP.

Because we hear Warren Buffett talk about the Buffett indicator all the time.

That's basically the market cap of the stock market relative to the US GDP.

It's overvalued, undervalued, et cetera.

Well, I wanted to do the same thing for the housing market.

That's not to say that it's the same concept that this tells you that the housing market is

undervalued or overvalued or whatever.

Obviously, I don't know if the same correlation would hold true, although I think there is

some overlap there. What I'm more so

looking at this through the lens of how important is the U.S. housing market to the U.S.

economy. Also here, we've got Michael Saylor coming out with his new company named strategy,

right? Well, they've got a new strategy.

We've got a new Bitcoin strategy.

And I think it's worth analyzing to the extent to which we can.

It's very convoluted and rather complex.

...