64 min listen
121: Why the Fed is Steering Us Straight Towards the Next Great Recession w/Danielle DiMartino Booth
FromOn The Market
121: Why the Fed is Steering Us Straight Towards the Next Great Recession w/Danielle DiMartino Booth
FromOn The Market
ratings:
Length:
54 minutes
Released:
Jul 10, 2023
Format:
Podcast episode
Description
The Federal Reserve could be steering us straight into the next great recession. After decades of monetary and fiscal debacles from quantitative easing to safeguarding big banks that hurt everyday Americans, it seems almost everyone wants the Fed to be taken apart and rebuilt or shipped away, never to have economic sway again. Grave mistakes have been made over the past two decades, many of which will have unfathomable consequences for today’s economy. So, can the Fed do ANYTHING to save us?
Enough with the speculating. We brought former Advisor to The Federal Reserve Bank of Dallas, Danielle DiMartino Booth, to tell us what happens behind closed doors. Danielle was there at the beginning of quantitative easing, fighting back against a program she knew would lead to a weak economy. Now, as Danielle puts it, “everything has come home to roost,” as quick decisions made in the last financial crisis put us in a massive economic bind. This is NOT good news for real estate investors; those buying today could be in serious trouble in years to come.
Throughout today’s episode, Danielle gives us her take on how the Fed could fix itself, current actions Jerome Powell, Chair of the Fed, has put into place to correct the course we’re on, and whether or not a “soft landing” is possible as the American economy heads into a recession. Finally, Danielle gives her advice on what real estate investors should do and why those exiting the market might be smarter than the rest of us.
In This Episode We Cover
Massive mistakes the Fed made during the Global Financial Crisis that we’re paying for today
Quantitative easing explained and why “money printing” is so dangerous to the economy
The “dual mandate” that’s making the Fed’s job almost impossible to achieve
Recession predictions and whether we’ll face a soft landing or hard crash
Why smart real estate investors are hoarding cash and refusing to buy
False job data and why the unemployment rate is about to get even worse
And So Much More!
Links from the Show
Find an Agent
Find a Lender
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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
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Kathy's BiggerPockets Profile
Kathy's Instagram
Book Mentioned in the Show:
Fed Up by Danielle DiMartino Booth
Connect with Danielle:
Danielle's Substack
Danielle's Twitter
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-121
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Enough with the speculating. We brought former Advisor to The Federal Reserve Bank of Dallas, Danielle DiMartino Booth, to tell us what happens behind closed doors. Danielle was there at the beginning of quantitative easing, fighting back against a program she knew would lead to a weak economy. Now, as Danielle puts it, “everything has come home to roost,” as quick decisions made in the last financial crisis put us in a massive economic bind. This is NOT good news for real estate investors; those buying today could be in serious trouble in years to come.
Throughout today’s episode, Danielle gives us her take on how the Fed could fix itself, current actions Jerome Powell, Chair of the Fed, has put into place to correct the course we’re on, and whether or not a “soft landing” is possible as the American economy heads into a recession. Finally, Danielle gives her advice on what real estate investors should do and why those exiting the market might be smarter than the rest of us.
In This Episode We Cover
Massive mistakes the Fed made during the Global Financial Crisis that we’re paying for today
Quantitative easing explained and why “money printing” is so dangerous to the economy
The “dual mandate” that’s making the Fed’s job almost impossible to achieve
Recession predictions and whether we’ll face a soft landing or hard crash
Why smart real estate investors are hoarding cash and refusing to buy
False job data and why the unemployment rate is about to get even worse
And So Much More!
Links from the Show
Find an Agent
Find a Lender
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
Kathy's BiggerPockets Profile
Kathy's Instagram
Book Mentioned in the Show:
Fed Up by Danielle DiMartino Booth
Connect with Danielle:
Danielle's Substack
Danielle's Twitter
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-121
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Jul 10, 2023
Format:
Podcast episode
Titles in the series (100)
10: How to Prepare for a Recession (and Profit!) in 2022: One man knows how to prepare for a recession arguably better than anyone else. He’s been able to build wealth during multiple different economic cycles, not only surviving but thriving in the process. With decades of experience in real estate investing, advising, and mentoring, J Scott, author of Recession-Proof Real Estate Investing, stands as a testament that not everyone gets washed away when an economic tsunami comes crashing down.We spend some time asking J about how we got to the current economic stage we’re in, what the economy looks like today, and how we can prepare ourselves for the future of high interest rates, falling asset prices, and real estate steals of the century. If you’re feeling anxious about investing in 2022, J Scott is the guest you should listen to. For our due diligence portion of the show, we’ll be asking James Dainard, Jamil Damji, and Kathy Fettke all about recession prep and rebalancing your real e by On The Market