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A Greater Depression Is Ahead with Doug Casey
Description
The homeownership rate of 65% is poised to fall these next few years. People must live somewhere. This should make for more renters.
Mortgage delinquencies have fallen for seven straight quarters. The forbearance program kept people in their homes.
"The Great Reshuffling" describes the US housing market since 2020.
Inflation flips money upside-down. Focus on prudent borrowing, not saving.
International Man Doug Casey joins us. He calls for a "Greater Depression" ahead.
For consumers, the costs of energy, food, and housing have become crippling.
Doug thinks that the decline of world economies will continue. World cities have more people living on the streets.
He thinks that the Fed can't hike rates very high. It will result in too many debt defaults. Then how will inflation be curbed?
Doug thinks you should save, but don't save in dollars.
Are price controls coming? That's when the government tells companies that there's a ceiling on the price they can charge for their goods and services.
We discuss what you can do to prevent being wiped out in a crisis.
I discuss living well vs. austerity.
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Partial transcript:
Welcome to GRE! I'm your host, Keith Weinhold.