American Monetary Association AMA 258: 2019 Economic Predictions by Dr David Collum
Jason Hartman talks with Dr. David Collum, Professor at Cornell University, about what all happened in 2018 and what we can expect in 2019. Jason and David discuss the skewed nature of CPI numbers, why institutional investors were able to get in to the housing market and what could cause them to get out, the impact of the Federal government potentially bailing out states and more.
Key Takeaways:
[3:03] What happened in 2018, economically speaking?
[7:35] CPI numbers started getting skewed in the 1970s
[11:00] The MIT Billion Price Project
[14:38] Is there any gain from stock buybacks?
[18:20] Ultra low rates allowed institutional investors to come in to the single family housing market
[22:40] People that criticize religion never ask the right question
[24:55] How the next unwinding will happen
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