The Bridge to China
How is the US economy really doing?
Jun 11, 2024
Author Kyla Scanlon discusses the economic sentiment in the US, emphasizing how perceptions don't always align with reality. Topics include inflation impact on consumers, challenges in the housing market, disparities in city construction between US and China, middle class dynamics, importance of economic education, investing in index funds, transportation challenges, and overall US economy analysis.
55:27
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Quick takeaways
- Housing costs impact inflation through rent and homeownership, affecting the CPI.
- Post-pandemic inflation results from supply-demand imbalance and companies adjusting prices.
Deep dives
Housing Costs Drive Inflation and Mortgage Rates
Housing costs significantly impact inflation, with rent and homeownership comprising a large portion of the Consumer Price Index. The Federal Reserve raises rates to combat inflation, pushing up mortgage rates and making home construction more costly.
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