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The Realities of Money, AI, and the 2024 Recession | Raoul Pal PT 1

Tom Bilyeu's Impact Theory

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In Turbulence, Opportunities Arise

The housing market is experiencing a downturn due to rising interest rates, leading to reduced purchasing activity and potentially a dip in home prices by 10-15%. Unlike past crises, current household leverage in property is minimal, mitigating the risk of a leverage crash. Home builders face challenges with unsold inventory and financing, reminiscent of market conditions in the early 1990s. However, the banking system remains stable, and although inflation is currently around 4.74%, indicators suggest it will significantly decrease. The market presents a tough environment, but this creates opportunities for new entrants as prices adjust.

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