Could a Housing Recession Take Down the U.S. Economy?

Could a Housing Recession Take Down the U.S. Economy?

One year ago, it was a matter of conventional wisdom among experts that the U.S. was on the brink of a recession. They were wrong. The latest GDP report showed America’s real output growing at a 4.9 percent annualized rate. That's huge. But just as we zagged a year ago, when we criticized recession predictions, I want to zag again today. It is a matter of broad conventional wisdom that the U.S. economy right now is doing really well. And, for now, it is. But challenges abound, including "higher-for-longer" interest rates, a recession in the apartment construction market, and ongoing global mayhem. Bloomberg columnist Conor Sen counts the five biggest risks to economic growth in the next year—and makes his official economic prediction for 2024. If you have questions, observations, or ideas for future episodes, email us at PlainEnglish@Spotify.com. Host: Derek Thompson Guest: Conor Sen Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

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A Crypto Catastrophe: The Stunning Fall of FTX—and What Comes Next

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Derek shares his thoughts on the meltdown of crypto exchange FTX and the disgrace of its founder, Sam Bankman-Fried, before welcoming veteran finance journalist William D. Cohan to discuss the history...

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The Musk regime is off to a chaotic start at Twitter. In barely a week or two of ownership, Elon has already overseen a collapse in advertising revenue, announced a pivot to subscriptions, attempted t...

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Americans are unusually conspiratorial as a nation. But in the last week, we have really outdone ourselves. The beating of Paul Pelosi—husband of the Speaker of the House—by a Q-Anon conspiracy theori...

4 Marras 20221h 2min

How the U.S. Housing Market Became Such a Dumpster Fire

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Skyrocketing mortgage rates. Rent prices falling by their fastest pace in years (from their highest inflation rate in decades). Buyers and sellers are freaked out. What the hell is going on with Ameri...

1 Marras 202244min

How to Invest and Be Happy When It Feels Like the World Is Falling Apart

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We’re in a moment in world history where a lot of big global paradigms are dying. For decades, Europe was basically peaceful. That paradigm has gone up in smoke. For decades, the relationship between ...

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Ben Smith on the Future of News, How to Start a Media Company, and Why TikTok Is a Time Bomb

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About a week ago, a new global news organization launched called Semafor. Ben Smith is its cofounder and editor-in-chief. We offer a brief history of news media in the 21st century and talk about why ...

26 Loka 202238min

Midterm Election FAQ: Can We Trust the Polls? Are Democrats Doomed?

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We’re coming down to the wire, and Democrats' hopes of holding onto the Senate and the House are fading fast. Two months ago, the story was that Democrats seemed poised to pull off an upset and hold o...

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