My cat Myrtle (she/her/hers) doesn’t have a lot of financial savvy, and to the best of my knowledge has no 401(k). In another reminder not to put all of your net worth, or retirement money, in one place, Tesla has seen around $720B of shareholder value vaporize this year. Rivian truck stock, generally viewed as over-valued when it went public (sound familiar?), is down 89 percent. Rivian had a goal of manufacturing 50,000 electric pickup trucks this year, maybe hitting 25,000. Speaking of manufacturing, in our biz, a few times a year someone wakes up to the fact that manufactured housing, like that built in a factory under controlled conditions and a stable workforce, is a viable alternative to “regular” onsite construction. This time around it was Time Magazine to highlight this, a method that makes so much sense. (Ken S. reports that “We finance Modulars, but it is very tricky with the factory to foundation process. We only fund after installation whereas the factory expects payment when the house is on the truck.) We need something to spark things and was reminded by Barron’s that 2023 might bring economic pain more pronounced than that in 2022. Inflation and interest rates are expected to remain elevated, and the sustained strength of consumer finances is expected to wane. However, economists say that any recession likely would be short-lived and that positive economic trends, such as increased productivity and industrial investment, could emerge. (Today’s podcast is coming from Candor Technology. Home of the One Touch Underwrite, supporting lenders from Point of Sale to Post Close QC, to reduce repurchase risk, increase underwriter productivity by 400 percent, and decrease turn-times by 10 days.