Breaking Points with Krystal and Saagar 9/20/22: Housing Market, Puerto Rico, Midterm Campaigns, Pentagon Psyop, Lab Leak, & More!
Sep 20, 2022
J. Miles Coleman, an expert on midterm elections and associate editor at Sabato's Crystal Ball, dives into the tumultuous housing market and its impacts on buyers and renters alike. The discussion also tackles Puerto Rico's ongoing recovery struggles after recent hurricanes and the political implications of Biden's 2024 candidacy. Coleman highlights voter turnout dynamics for the upcoming midterms, emphasizing trends in Republican engagement. He further unpacks the lab leak theory and its political ramifications, offering a nuanced look at today's pressing issues.
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Housing Market Downturn
- The housing market downturn is worsening due to rising mortgage rates and low inventory, benefiting cash buyers and permanent capital.
- Homeowners are hesitant to sell, further limiting supply and preventing a substantial price crash.
Global Recession Risk
- Global recession risks are increasing as central banks worldwide raise interest rates.
- This synchronized tightening could have larger impacts than intended.
China's Economic Challenges
- China's economy faces multiple challenges, including a housing market slowdown, COVID-zero policies, and extreme weather.
- These issues, combined with potential decreased global demand, pose significant risks to China and the global economy.
