PBD Podcast Home Team | PBD Podcast | Ep. 296
Aug 22, 2023
The hosts dive into amusing anecdotes about mask-wearing amidst the pandemic while debating the tension between personal freedom and public health. They analyze current political updates, including Trump's absence and rising mortgage rates, discussing the impact of China’s economic struggles on the U.S. They also tackle government spending and its relation to single motherhood. The episode wraps up with reflections on the emotional nature of sports fandom and the importance of authentic communication in political campaigns.
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Rising Mortgage Rates
- Mortgage rates hit a 21-year high of 7.09%, impacting affordability and sales.
- The current rate is the highest since April 2002, exceeding 6.5% since May.
China's Real Estate Crisis
- China's real estate crisis, exemplified by Evergrande and Country Garden, highlights the dangers of economic manipulation.
- The US should learn from this and maintain higher interest rates for a while.
China's Economic Challenges
- China's youth unemployment is at 21%, and the government encourages graduates to accept low-paying jobs.
- China's GDP per capita is low, ranking 64th globally, despite being the second-largest economy overall.
