Lacy Hunt Breaks Down the 2024 Economic Forecast

Airdate: 02/03/2023

In this episode, Josh sits down with economist Lacy Hunt to dissect the current global economy, zeroing in on consumer spending, housing, and commercial real estate. They dive into the impact of inflation, declining wages, and the troubling state of negative net national savings on the economy. Hunt shares insights on the expected downturn in consumer spending on big-ticket items in 2024, the looming challenges in the multifamily construction sector, and the oversupply crisis in commercial real estate. With a detailed analysis of labor market trends and the potential long-term effects of the federal budget deficit on economic growth, Hunt paints a stark picture of slow growth and deepening income inequality ahead.