The next great depression is coming faster than many of us realize, but this time, it won’t be because of the stock market, the real estate market, bad banking practices, or anything we’ve seen before. Instead, the government will be the one to drive us into a depression, and only those who are watching the economic signs will see it coming. If you’re reading this right now, you’re one of the lucky ones, and we’ll explain why.
Lauren Saidel-Baker, economist at ITR Economics, has been growing concerned about where our economy is headed. We money-printed our way out of what should have been a recession and continued to do so whenever the economy began to feel even slightly weak. But what’s coming over the next five years is almost inevitable. Even the new Trump administration, with its talks of budget slashing and cost saving, might not even dent the growing forces pushing us into the unavoidable.
In today’s show, Lauren explains in detail why her firm is predicting a 2030 depression, what will cause it, whether we can avoid it, and what the economy will look like leading up to it. There’s good news, though, both in the long and short term, but you’ll need to be prepared to take advantage of the enormous opportunities to come.
Insights from today’s episode:
- Why Lauren believes we could be headed into a great depression in 2030
- The tremendous investing opportunities you must prepare for over the next five years
- Home price and interest rate predictions and whether we’ll ever hit three percent rates again
- The government’s growing debt and whether lowering rates could help us pay it off
- The unemployment squeeze hurting employers and causing labor costs to rise
- Inflation forecasts and why we may not be out of the woods yet
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ITR Economics: https://itreconomics.com/
ITR Economics YouTube: https://www.youtube.com/@itreconomics
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