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Real Vision: Finance & Investing
Is a Recession Still in the Cards? ft. Ben Miller
Aug 8, 2024
Ben Miller, co-founder and CEO of Fundrise, shares insights on the looming possibility of a recession and his predictions regarding Federal Reserve rate cuts. He discusses the real estate market's current state, emphasizing debt's intricate relationship with asset prices. The conversation highlights evolving housing trends and the challenges younger generations face in achieving affordability. Miller also delves into the role of AI in shaping economic growth, shedding light on the complexities of today's financial landscape.
01:06:32
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Quick takeaways
- The macroeconomic landscape shows signs of gradual softening, yet a consensus suggests the economy remains generally healthy despite debt concerns.
- The prevalence of fixed-rate debt among homeowners creates a mixed economic experience, insulating some consumers from rising interest rate impacts.
Deep dives
Overview of Current Economic Climate
The podcast discusses the current macroeconomic landscape in the U.S., highlighting a consensus of gradual economic softening paired with a generally healthy economy. Thereโs an acknowledgment that the Federal Reserve has been successful in achieving a 'soft landing', largely thanks to controlled interest rates. However, concerns linger regarding the lag effect between interest rate changes and their impacts on the economy, drawing parallels to historical instances like the 2008 financial crisis. With significant public and private debt levels, there exists a tension where increased debt might magnify the effects of interest rate policies, complicating the economic outlook.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode