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

Episoder(351)

The Science of How Music Hits Have Changed in the Last 60 Years

The Science of How Music Hits Have Changed in the Last 60 Years

How does technology shape art? Why has songwriting become more of a visual skill in the 21st century? Why are today's hit songs shorter than songs from any period since the Beatles? What happened to t...

24 Feb 202352min

Bing Chatbot Gone Wild and Why AI Could Be the Story of the Decade

Bing Chatbot Gone Wild and Why AI Could Be the Story of the Decade

Large language models like ChatGPT and Bing’s chatbot can tell stories. They can analyze the effects of agricultural AI on American and Chinese farms. They can pass medical licensing exams, summarize ...

21 Feb 202351min

UFOs and Aliens and Drones and Balloons: Understanding the U.S. Sky Wars

UFOs and Aliens and Drones and Balloons: Understanding the U.S. Sky Wars

Since a big white Chinese spy balloon floated across the ocean and into U.S. airspace, the United States has shot down four objects over North American skies. What are we looking at, and what are we s...

17 Feb 202350min

Why Everybody Is Wrong About a Recession and Housing’s Great Comeback

Why Everybody Is Wrong About a Recession and Housing’s Great Comeback

Last fall, three-quarters of voters told CNN that the U.S. was in a recession. A Bloomberg economic model said that the odds of a recession by the fall of 2023 were 100 percent. But we’re not in a rec...

14 Feb 202334min

The Spectacular Rise and Fall of Fake Meat in America

The Spectacular Rise and Fall of Fake Meat in America

For the past 50 years, Americans have basically responded to the case against eating animals by eating more animals. The share of Americans who call themselves vegan or vegetarian hasn’t increased in ...

10 Feb 202338min

China’s Spy Balloon Is Down. Cold War 2.0 Risks Are Rising.

China’s Spy Balloon Is Down. Cold War 2.0 Risks Are Rising.

If we’re being honest, the whole thing is kind of funny. A Chinese spy balloon floated across the U.S. Nobody died, unless we count the balloon itself. In a saner age, this story would be over. But ba...

7 Feb 202343min

Econ Megapod: The Debt Ceiling Is Dumb, and the Inflation “Crisis” Might Be Over

Econ Megapod: The Debt Ceiling Is Dumb, and the Inflation “Crisis” Might Be Over

We’ve got a double-barrelled podcast for you. Jeanna Smialek, economics reporter for the ‘New York Times,’ joins us to break down the debt-ceiling showdown that’s enveloping Washington. Plus, economis...

3 Feb 202357min

The Dark Side of Being Obsessed With Productivity

The Dark Side of Being Obsessed With Productivity

"Productivity is a trap. Nobody in the history of humanity has ever achieved work-life balance. The real problem isn’t our limited time. The real problem—or so I hope to convince you—is that we’ve unw...

31 Jan 202348min

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