The Housing Recession Is Coming

The Housing Recession Is Coming

While the broader economy is almost certainly not in a recession, the U.S. housing market is facing a painful reset. As the Federal Reserve raises interest rates to reduce inflation, the most rate-sensitive sector of the economy—which is housing—is taking it on the chin. Today's guest, Mark Zandi, the chief economist of Moody’s Analytics, breaks down the queasy state of the U.S. housing market, the prospect of a correction, what nationwide falling housing prices will mean for the broader economy, the global synchronized decline in housing, and how China's extremely bizarre year is affecting our economy. If you have questions, observations, or ideas for future episodes, email us at PlainEnglish@Spotify.com. You can find us on TikTok at www.tiktok.com/@plainenglish_ Host: Derek Thompson Guest: Mark Zandi Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

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How Israel Is Transforming American Politics

How Israel Is Transforming American Politics

Peter Beinart joins Derek to unpack a major shift inside the Democratic Party. As Democratic Socialist-backed candidates notch a string of surprising primary victories, one issue has emerged as a defi...

7 Heinä 1h 4min

MEGAPOD: The Most Overrated American Who Ever Lived

MEGAPOD: The Most Overrated American Who Ever Lived

To celebrate America's 250th birthday, Derek is joined for a history draft by three of the country's leading historians: Beverly Gage, H.W. (Bill) Brands, and Richard White. The goal isn't to revisit ...

3 Heinä 1h 9min

A Surprising Theory About the Future of War

A Surprising Theory About the Future of War

From the bombing campaigns of World War II to the precision strikes of the modern era, for 80 years air power has defined modern warfare. But today, a new technology is changing the battlefield: drone...

30 Kesä 56min

SpaceX, AI Bubble Fears, and The Age of the Trillion-Dollar, Zero-Profit Company

SpaceX, AI Bubble Fears, and The Age of the Trillion-Dollar, Zero-Profit Company

For decades, investors valued companies based on a familiar formula: Grow revenue, earn profits, and reward shareholders. But a new era may be beginning - one where trillion-dollar companies can lose ...

26 Kesä 53min

The Iran War Is Ending. Everybody Lost.

The Iran War Is Ending. Everybody Lost.

Four months ago, the U.S. and Israel launched a surprise attack on Iran. Supporters predicted a decisive victory that would curb Iran’s nuclear ambitions and reshape the balance of power in the Middle...

23 Kesä 56min

The Donald Trump Corruption Scandal Draft

The Donald Trump Corruption Scandal Draft

What is Donald Trump good at? In his second administration, he promised lower prices, stronger manufacturing, and an end to foreign conflicts. Instead, inflation has risen, blue-collar job growth has ...

19 Kesä 1h 8min

The Most Exciting Month of Medical Breakthroughs in Years

The Most Exciting Month of Medical Breakthroughs in Years

For years, scientists worried that medical progress was slowing down. Drug development became more expensive than ever with more complex clinical trials, and even then, many new treatments offered onl...

16 Kesä 59min

Old-igarchy: How the Elderly Conquered American Power

Old-igarchy: How the Elderly Conquered American Power

Prior to the 1930s, old age in America often meant poverty. But thanks to Social Security, Medicare, medical advances, and rising asset prices, over the past 90 years, older Americans have become one ...

12 Kesä 1h 1min

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