Drunk Real Estate 91. Is This Economic Boom an Illusion? GDP Growth vs. Housing Reality
Apr 3, 2025
The hosts debate whether the booming GDP is a mirage fueled by government spending, and what that means for the sluggish housing market. They delve into stagflation's complexities and the awkwardness of tariffs while revealing consumer behavior trends amid rising prices. A humorous take on the discrepancies in U.S. beer prices adds levity, alongside a lighthearted discussion on juicy political differences between Canada and America. Lastly, a candid look at housing market challenges highlights the struggle between seller expectations and buyer realities.
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Stagflation
- The term "stagflation" describes a rare economic situation.
- It combines a stagnant or recessionary economy with high inflation.
Q1 GDP Contraction
- Early Q1 GDP data suggests a potential contraction, possibly the largest ever.
- However, the final GDP numbers could differ significantly.
Trade Imbalances and GDP
- Imports and exports significantly impact GDP calculations.
- Large trade imbalances, like the one in January, can negatively affect GDP.