Following a conversation about how inflation is impacting the spending behavior of higher-income Americans, Mike walks us through his analysis of President Biden’s Inflation Reduction Act and how it could impact your family. Also, despite July being a good month on wall street, he explains why he believes we are still technically in a recession and why it could get worse. And if you saw the movie “The Big Short,” you’ll want to hear why the guy who (in real life) bet on the collapse of subprime mortgages ahead of the 2008 financial crisis is worried about the economy again. Mike is always an optimistic person, but as a fee-only fiduciary financial advisor, he shares his insight as to if we should make adjustments to our investment portfolio based on Michael Burry’s latest forecast.