China’s economy is on its last legs. Thanks to massive overspending and high unemployment, the Chinese economy is beginning to break down, with real estate prices crashing at a scale similar to 2008 in the US. This is bad news for not only Chinese investors but also global investors with money in China. But could these tumultuous conditions spill over into the global economy?
We’ve got arguably the world’s best economic forecaster, Joe Brusuelas, back on the show to get his take on the global economy and what could be next for the US. Joe has studied the Chinese economy in-depth and sees a “debt and deleveraging period” forming. This is bad for Chinese investors, but will it affect the US housing market? Next, Joe speaks on the other global crises, from Israel to Ukraine to Iran and beyond. With our global reliance on importing commodities like wheat and oil, how risky are we getting with the massive Middle East and Eastern European conflicts?
Finally, Joe touches on domestic trends, including one substantial economic insight that could point to a new era of economic productivity in the US. This could be game-changing for you if you own stocks, bonds, real estate, or any other US-based investments. What trend are we talking about? Stick around; we’re getting into it all in this episode!
Dave:
Hey, what’s up, everyone? Welcome to On the Market. I’m your host, Dave Meyer, and today we’re going to step into the macroeconomic global economy. And I know on the show we normally talk about real estate and housing, and we are still talking about that tangentially. But we’re sort of going to zoom out and talk about what is going on a global stage, and how things that are happening in China, the conflict in Israel, the war between Ukraine and Russia are impacting global economics, and how that might translate to our investing decisions here in the United States.
To do that, we’re bringing back one of our most popular guest ever, Joe Brusuelas, who’s…