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9: Why financial history matters, with Ben Carlson of Ritholtz Wealth Management

Onward, a Fundrise Production

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Introduction

The economy and the markets are just weird right now. There are so many crosscurrents. Unemployment rate way back to where it was pre-pandemic, well below 4%. It went up to over 14%, spiked there in about a two month period at the beginning of the pandemic. Now we've had one of the quickest job recoveries ever from that point. People really hate inflation. The consumer sentiment number is all this stuff. If you're still spending money, these people aren't going into recession. Their incomes are going up and their jobs are continuing to grow. So I think if there was a lot of people making it up, people kind of baked that into their

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