
With interest rates going up, housing market is heading down
The David McWilliams Podcast
00:00
The Global Financial Crisis Is Coming, Right?
In two thousand and 21, the amount of what they call professionally managed real estate stood at 11 point four trillion in 20 21. That's up from ten point five trillion. This is world wide, ok. The american economy es, ouknow, theamerii a, my head, r sense of the American economy s about 22 trillion, ok? O, rigt theri your sense, right? Tells at gives you really, really good sense. Imagine that. So you will have a bizarre situation. Yu will have a global financial crisis where the average guy comes out smelling of roses. Ay, that's good news.
Transcript
Play full episode