The 2023 Economy FAQ: Is Recession Inevitable? Will Housing Crash? Can Tech Recover?

Michael Batnick and Ben Carlson, co-hosts of the Animal Spirits podcast and contributors at Ritholtz Wealth Management, dive into the chaos of the 2022 economy and lay out predictions for 2023. They explore the tumultuous tech sector, discuss the looming possibility of a recession, and analyze how rising mortgage rates might impact the housing market, projecting a potential 10% drop in home prices. With insights on shifting consumer behavior post-COVID and cautious optimism regarding the labor market, they tackle where the economy might head next.