regarding the markets and the economy discussed after timestamp 35:51 , The GFC ran up debt levels in much of the early 2000's and blew up by 2007/08. Adjustable rates played a huge role. in 2025/26, ARMs issued in 2020/21 will start inflecting severe cash flow pain for some number of households due to higher rates. In other words, we have likely not hit the bottom yet. The business world is still pretending that the music is still playing. If the reports/predictions that the Fed will start lowering interest rates are to be believed, perhaps people believe they can wait the storm?
@NikonomicsPodcastАй бұрын
I think everyone is banking on the fed lowering rates