61 min listen
89: The BIG Economic Implications of US Bank Failures w/Mark Zandi
FromOn The Market
ratings:
Length:
52 minutes
Released:
Mar 24, 2023
Format:
Podcast episode
Description
Bank failures were a thing of the past—until a couple of weeks ago. After Silicon Valley Bank’s (SVB) fall from grace and numerous other regional and small-time banks going under, Americans are holding their cash with an iron grip, not knowing whether or not a recession or soft landing could be on the horizon. And with more economic instability comes more fear, panic, and doubt from the general public. Thankfully, we’ve got Mark Zandi, Chief Economist at Moody’s Analytics, to share some economic truths (instead of crash-fueled terror).
Mark knows the economy inside and out and understands the true impact behind these bank crashes. He gives his opinions on whether or not this series of bank crashes could lead to an even greater recession, why the government was forced to build a bailout, and how real estate and the economy will be affected as we try to rebuild from this fragile system collapsing. And, if you’re worried that the big banks could start to crumble under their own weight, Mark has some information that’ll quell your fears.
But we’re not just hitting on bank news. Mark shares how a “slowcession” could occur throughout the US, leading to a lackluster economy as unemployment grows and GDP growth slows. He also gives mortgage rate predictions and discusses the one real estate type that could be in BIG trouble over the next few years.
In This Episode We Cover
Silicon Valley Bank’s (SVB) collapse explained and why big banks aren’t worried
The social-medial-fueled panic and fear cycle that is hurting the economy
The bright side of a bank bailout and how to avoid a systematic collapse
Recessions vs. “slowcessions” and why the latter WON’T be a soft landing
Real estate prices and which property type could go BUST over the next few years
Mortgage rate predictions and why we wouldn’t hold our breath on three-percent rates
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Forums
BiggerPockets Agent
BiggerPockets Bootcamps
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Dave’s BiggerPockets Profile
Dave’s Instagram
SVB’s Risky Bailout and The Bank Run “Domino Effect”
How Did A $200B+ Bank Collapse In 48 Hours?
Connect with Mark:
Mark's Website
Mark's Podcast
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-89
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Mark knows the economy inside and out and understands the true impact behind these bank crashes. He gives his opinions on whether or not this series of bank crashes could lead to an even greater recession, why the government was forced to build a bailout, and how real estate and the economy will be affected as we try to rebuild from this fragile system collapsing. And, if you’re worried that the big banks could start to crumble under their own weight, Mark has some information that’ll quell your fears.
But we’re not just hitting on bank news. Mark shares how a “slowcession” could occur throughout the US, leading to a lackluster economy as unemployment grows and GDP growth slows. He also gives mortgage rate predictions and discusses the one real estate type that could be in BIG trouble over the next few years.
In This Episode We Cover
Silicon Valley Bank’s (SVB) collapse explained and why big banks aren’t worried
The social-medial-fueled panic and fear cycle that is hurting the economy
The bright side of a bank bailout and how to avoid a systematic collapse
Recessions vs. “slowcessions” and why the latter WON’T be a soft landing
Real estate prices and which property type could go BUST over the next few years
Mortgage rate predictions and why we wouldn’t hold our breath on three-percent rates
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Forums
BiggerPockets Agent
BiggerPockets Bootcamps
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Dave’s BiggerPockets Profile
Dave’s Instagram
SVB’s Risky Bailout and The Bank Run “Domino Effect”
How Did A $200B+ Bank Collapse In 48 Hours?
Connect with Mark:
Mark's Website
Mark's Podcast
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-89
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Released:
Mar 24, 2023
Format:
Podcast episode
Titles in the series (100)
14: The Crash Predictors Are Wrong, Here’s Why with Logan Mohtashami: The housing market is confusing, to say the least. In 2020, at the start of lockdowns, nearly everyone you spoke to had the opinion that the housing market was headed straight for a crash. Not only was this wrong, but it was the opposite of what the data was saying. While mainstream news outlets and “2008 crash bros” were painting a picture of foreclosures, price drops, and bottomed-out demand, Logan Mohtashami was singing a far different tune. Logan had been looking diligently at the data (like he does most days over at HousingWire) and he saw patterns that didn’t at all reflect the last recession. Instead, Logan predicted a runup in prices, hot buyer demand, and very low rates of foreclosures. In a time when almost everyone with a public voice was calling for an apocalyptic housing scene, Logan predicted much differently. Now, two or so years later, we can see just how right he was. We’ve brought this beloved data- by On The Market