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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Why Americans are Losing Faith in College

Why Americans are Losing Faith in College

Twenty years ago, higher education was one of the most trusted institutions in America. Today, confidence in higher ed is falling among every demographic: young and old, men and women, Republicans and...

26 Sep 202358min

What’s So Great About Marriage?

What’s So Great About Marriage?

Since the 1970s, the General Social Survey has asked thousands of Americans the same question: “Taken all together, how would you say things are these days—would you say that you are very happy, prett...

19 Sep 202351min

Why Is It So Expensive to Build Stuff in America?

Why Is It So Expensive to Build Stuff in America?

We're in the midst of a great affordability crisis. It's not just the inflation crisis. It's a greater cost crisis of the last few decades. Everything that matters most in life—health care, housing, e...

12 Sep 202353min

Fatherhood and What Americans Get Wrong About Major Life Changes

Fatherhood and What Americans Get Wrong About Major Life Changes

Derek is back, and ... he's a new dad! After several weeks of parental leave, he talks about what's surprised him about new fatherhood. Brad Stulberg, the health and science writer, returns to the sho...

6 Sep 202347min

Experts Predicted a Recession This Year. How Were They So Wrong?

Experts Predicted a Recession This Year. How Were They So Wrong?

Today’s show is about what I consider the biggest mystery of the U.S. economy. Last year, economic experts predicted a recession in 2023 with more confidence than they’ve predicted any recession in de...

8 Aug 202336min

Why Elite College Admissions Are Biased Toward the Superrich

Why Elite College Admissions Are Biased Toward the Superrich

Less than 1 percent of college students attend Ivy League colleges and equally selective schools, like Stanford and Duke. But these schools have an outsize influence on American life. Practically ever...

1 Aug 202350min

Oppenheimer: The Genius, the Film, and the Project That Changed the World

Oppenheimer: The Genius, the Film, and the Project That Changed the World

Richard Rhodes, the Pulitzer Prize-winning author of 'The Making of the Atomic Bomb,' discusses the life of J. Robert Oppenheimer, the Manhattan Project, the history of nuclear weapons, and the new fi...

25 Juli 202356min

How Hollywood Drove Its Business Model Off a Cliff

How Hollywood Drove Its Business Model Off a Cliff

The trouble brewing in the media and entertainment industry has become one of the most interesting—and truly perplexing—business stories in the world. How does everything seem so bad at the same time?...

19 Juli 20231h 1min

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