))
E27: Blackstone’s Real Estate Crisis, Layoffs Extending into Non-Tech Sectors, Best and Worse Stocks in 2023, The New Saudi-China Deal
Fetch error
Hmmm there seems to be a problem fetching this series right now.
Last successful fetch was on April 22, 2025 00:09 (
What now? This series will be checked again in the next day. If you believe it should be working, please verify the publisher's feed link below is valid and includes actual episode links. You can contact support to request the feed be immediately fetched.
Manage episode 352272155 series 3355642
Episode Summary:
The first week of 2023 is full of surprises and turns for business and finance, with Saudi Arabia and China announcing new Chinese Yuan crude oil deals, Goldman Sachs announcing sweeping layoffs and the economy signaling layoffs is finally coming to non-tech sectors.
Co-host Soham and George also take a look at the Blackstone Real Estate fund BREITs crisis, and how they had to be bailed out by the University of California to ‘stay afloat’.
Hedge funds however had a great year, with Ken Griffin’s Citadel earning $28 billion in revenue in 2022. We also discussed our bullish and bearish stocks in 2023.
Have a great week and if you are available, please give us a 5-star rating to keep our momentum going!
Episode timeline:
(00:37) Layoffs extend into other parts of the economy with Goldman Sachs layoffs
(06:44) Why are consumer behaviors still strong when the economy is going downhill?
(08:07) The Blackstone Real Estate crisis and why commercial real estate is failing
(19:06) Our real estate predictions into 2023
(22:39) Ken Griffin’s hedge fund made $28 billion in revenue in 2022, why?
(27:31) Saudi Arabia’s new Chinese Yuan crude oil deal with China: the end of USD world dominance?
(37:37) Stocks we are bullish and bearish on in 2023
Follow the Show:
George Pu:
Soham Mehta:
Follow the George Pu Show:
- Instagram (IG): @georgepushow (hyperlink)
- Tik Tok: @georgepushow (hyperlink)
Want to request to be featured?
If you are building something, let’s talk. Email us at [email protected] to chat more.
35 episodes
Share
