Chinese Economy Braces for a Crash as US Recession Risk Rises
57.1 هزار بار بازدید -
11 ماه پیش
-
Episode #137The
Episode #137
The Chinese economy is facing one of its most significant tests in years. With real estate prices falling off a cliff, unemployment skyrocketing, and a currency crisis, Asia’s largest economy could hit even harder times ahead. But this doesn’t mean the rest of the world will remain unaffected. In the US, recession risks are starting to rise as hopes of a “soft landing” are gradually fading away. With inflation still rearing its ugly head and American households running out of cash savings, the worst could be yet to come.
To give us a global view of the economy is Bloomberg LP’s Chief US Economist, Anna Wong, who also served on the Federal Reserve Board, the White House’s Council of Economic Advisers, and the US Treasury. Few people in the entire country have as good of a read on today’s economic situation as Anna, so we spared no questions about what could happen next.
Anna has some recession predictions that go against the grain of popular economic forecasts. From her data, the risk of a recession is far from over, and we could be heading into a shaky Q4 of 2023 and a dismal start to the new year. She details what could happen to inflation, unemployment rates, foreclosure risk, and why the Chinese economy’s failures could have lasting effects back home.
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The 2023 Recession Countdown: Is Now the BEST Time to Invest?
https://www.biggerpockets.com/blog/on...
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Is the Global Economy About to Collapse? Inside China’s Real Estate Crisis:
https://www.biggerpockets.com/blog/in...
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Show notes at: https://www.biggerpockets.com/blog/on...
00:00 Intro
03:06 Trade Wars, Inflation, and Economic Collapse
15:21 When The Recession Could Hit
24:03 How Bad Will it Get?
28:00 Real Estate Risk
32:14 China Begins to Crash
42:35 Connect with Anna!
The Chinese economy is facing one of its most significant tests in years. With real estate prices falling off a cliff, unemployment skyrocketing, and a currency crisis, Asia’s largest economy could hit even harder times ahead. But this doesn’t mean the rest of the world will remain unaffected. In the US, recession risks are starting to rise as hopes of a “soft landing” are gradually fading away. With inflation still rearing its ugly head and American households running out of cash savings, the worst could be yet to come.
To give us a global view of the economy is Bloomberg LP’s Chief US Economist, Anna Wong, who also served on the Federal Reserve Board, the White House’s Council of Economic Advisers, and the US Treasury. Few people in the entire country have as good of a read on today’s economic situation as Anna, so we spared no questions about what could happen next.
Anna has some recession predictions that go against the grain of popular economic forecasts. From her data, the risk of a recession is far from over, and we could be heading into a shaky Q4 of 2023 and a dismal start to the new year. She details what could happen to inflation, unemployment rates, foreclosure risk, and why the Chinese economy’s failures could have lasting effects back home.
~~~~
Join BiggerPockets for FREE 👇
https://www.biggerpockets.com/signup?...
~~~~
Listen to The “On The Market” Podcast Wherever You Listen to Podcasts:
BiggerPockets: https://www.biggerpockets.com/podcast...
Apple Podcasts: https://podcasts.apple.com/us/podcast...
Spotify: https://open.spotify.com/show/2NlzZ9N...
~~~~
Join the Future of Real Estate Investing with Fundrise:
https://www.fundrise.com/bpmarket
~~~~
Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
~~~~
Find Investor-Friendly Lenders:
http://biggerpockets.com/lendermatch
~~~~
The 2023 Recession Countdown: Is Now the BEST Time to Invest?
https://www.biggerpockets.com/blog/on...
~~~~
Is the Global Economy About to Collapse? Inside China’s Real Estate Crisis:
https://www.biggerpockets.com/blog/in...
~~~~
Join The Bloomberg Terminal and Use Code BECO GO:
https://www.bloomberg.com/professiona...
~~~~
Connect with Dave and Our Panel of Expert Guests:
Dave Meyer: https://www.biggerpockets.com/users/d...
Henry Washington: https://www.biggerpockets.com/users/h...
James Dainard: https://www.biggerpockets.com/users/j...
Kathy Fettke: https://www.biggerpockets.com/users/k...
~~~~
Follow Dave and Our Guests on Instagram:
Dave: @thedatadeli or Instagram: thedatadeli
Henry: @thehenrywashington or Instagram: thehenrywashington
James: @jdainflips or Instagram: jdainflips
Kathy: @kathyfettke or Instagram: kathyfettke
BiggerPockets: @biggerpockets or Instagram: biggerpockets
Show notes at: https://www.biggerpockets.com/blog/on...
00:00 Intro
03:06 Trade Wars, Inflation, and Economic Collapse
15:21 When The Recession Could Hit
24:03 How Bad Will it Get?
28:00 Real Estate Risk
32:14 China Begins to Crash
42:35 Connect with Anna!
11 ماه پیش
در تاریخ 1402/06/13 منتشر شده
است.
57,191
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