The Prof G Pod with Scott Galloway No Mercy / No Malice: 2024 Predictions
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Jan 6, 2024 Predictions for 2024 spark a lively discussion on the economy, forecasting lower inflation and a potential housing market revival influenced by changing consumer habits. The focus shifts to job opportunities for young workers amidst low unemployment and upcoming mergers in the streaming industry. The geopolitical landscape unfolds as differing strategies from India and China are analyzed, alongside the effects of U.S.-China relations and Musk's footprint on Twitter, all while keeping an eye on the unpredictable presidential race.
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Inflation Prediction
- US inflation will drop below the Fed's 2.5% target due to several factors.
- These include high prices lowering demand, supply chain improvements, and AI's deflationary impact.
Housing Market Boom
- Housing sales volume will boom in 2024 due to pent-up demand and lower interest rates.
- Increased demand from young workers and potentially lower transaction costs will contribute.
Streaming Consolidation
- Streaming services will consolidate further, with smaller players being acquired.
- Scale is crucial for survival, as seen with Netflix raising prices amidst the writer's strike.