Let's discuss the 2023 Recession, how the Federal Reserve might be able to perform a Soft Landing, what this means for home prices, and how the IRS may be changing - Enjoy! Add me on Instagram: GPStephan | GET MY WEEKLY EMAIL MARKET NEWSLETTER: GET YOUR FREE STOCK WORTH UP TO $1000 ON PUBLIC & READ MY THOUGHTS ON THE MARKET - USE CODE GRAHAM: THE NEW PODCAST: The YouTube Creator Academy: Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: - $100 OFF WITH CODE 100OFF THE 2023 RECESSION: As The Boston Globe Pointed Out, throughout the last 6 recessions that have been confirmed…there is an AVERAGE LAG TIME of 7.3 MONTHS between the time a recession takes place - and the time it’s actually announced. in the 44 years they’ve been operating, they have never ONCE had to rescind or change their declaration - which means, they’re extremely accurate - and as a result, the process takes almost a YEAR to compile. That's why: we only know about it…when it’s already over. THE HOUSING MARKET: Just recently, Goldman Sachs shared their thoughts that 4 US Cities could see a “2008-style housing crash” throughout 2023. As they say: San Jose, Austin, Phoenix, and San Diego “will likely see peak-to-trough declines of more than 25%….such declines would rival those seen around the country around a decade-and-a-half ago” - SIMPLY because: those were the areas which already saw some of THE MOST growth since 2020. Obviously, that kind of price growth is completely unsustainable - and, with interest rates going up - we’re bound to see a rather substantial drop throughout some of the hottest markets. In fact, Goldman Sachs says that “Home prices are believed to have peaked in June of 2022,” which means - on a NATIONAL basis…we could see a decline of 10%, before growth begins to recover in 2024. On top of that, Morgan Stanley anticipates a 4% drop from stagnant demand, Wells Fargo seeing declines of 5.5%, and Interactive Brokers calling for more than 20%. CONTROLLING RENTAL PRICES: The White House just introduced: “The Renters Bill of Rights.” Under this, The Federal Housing Finance Agency would examine limits on rent increases, and prevent tenants from being unfairly denied access to housing. In addition to that, lawmakers have called on the FTC to issue new regulations on excessive rent increases, enforce actions against price-gouging, and limit rent charged with properties that are financed with government backed mortgages. However - unfortunately, studies have found that rent control does NOT help with housing affordability. In fact, a 1992 poll of the American Economic Association found that 93% of its members agreed that “a ceiling on rents reduces the quality and quantity of housing.” On top of that, a Stanford study has argued that Rent Control actually has an ADVERSE affect on prices for renters and actually works AGAINST making housing more affordable. -Rent controlled tenants were 20% more likely to stay in their unit. -Renters were more likely to move elsewhere if they didn’t have the incentive of having their rent capped where they currently were living -Landlords of rent controlled buildings were more likely to convert their buildings in such a way that it wasn’t rent controlled, reducing the amount of housing by 15% -The loss of available housing drove up prices of rental units. It was found that a 6% decrease in housing supply led to a 7% increase in rental prices. THE STOCK MARKET: Michael Burry posted a rather ominous chart of the 2001 Dot Com bubble, showing that - the prior rebound was eerily similar to what we’re seeing today…before dropping another 30%…and, even though ANYTHING is possible, my guess is that we’re largely going to look to the FED throughout these next few months to determine whether or not the worst is behind us. My ENTIRE Camera and Recording Equipment: For business inquiries, you can reach me at graham@night.co *Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/...(read more)
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The year 2023 was long anticipated to be the year of the next recession, with many economists predicting a downturn in the global economy. However, recent events have prompted a rethinking of those predictions, and some experts are now suggesting that the 2023 recession may have just been cancelled. One of the biggest factors contributing to this shift in outlook is the unprecedented fiscal and monetary stimulus that has been implemented around the world in response to the COVID-19 pandemic. Central banks have slashed interest rates and injected trillions of dollars into financial markets, while governments have rolled out massive stimulus packages to support businesses and households. These measures have effectively propped up the global economy and prevented a widespread collapse that many feared at the outset of the pandemic. While there have certainly been significant disruptions and economic hardships, especially for vulnerable communities, the overall impact has been less severe than many had expected. Another important factor is the nature of the current recovery. Unlike previous economic recoveries, which were driven by growth in specific industries or sectors, the current recovery is being fueled by a broad-based resurgence in consumer spending and business investment. This suggests that the recovery has greater momentum and resilience than previous recoveries, and is less susceptible to a sudden reversal. Of course, there are still risks and uncertainties that could derail the recovery and lead to a recession in 2023 or beyond. A resurgence of COVID-19 or the emergence of a new variant could disrupt economic activity and lead to renewed lockdowns and restrictions. Geopolitical tensions, such as the ongoing trade war between the US and China, could also pose a threat to global economic stability. However, despite these potential risks, the overall outlook for the global economy is increasingly positive. Economic growth is expected to remain strong in the coming years, driven by rising consumer confidence, robust business investment, and supportive macroeconomic policies. In conclusion, the idea that the 2023 recession has been cancelled may seem far-fetched to some, but it is increasingly becoming a plausible scenario. The unprecedented fiscal and monetary stimulus that has been implemented in response to the COVID-19 pandemic, combined with the broad-based nature of the current economic recovery, suggest that the global economy may be more resilient than previously thought. Of course, there are still risks and uncertainties that must be monitored closely, but the overall outlook is increasingly upbeat. https://inflationprotection.org/did-the-anticipated-recession-of-2023-just-get-called-off/?feed_id=99772&_unique_id=646a2af16a30f #Inflation #Retirement #GoldIRA #Wealth #Investing #beststocktradingapp #creditcard #creditcardsforbeginners #creditscore #creditscoreexplained #howtobeamillionaire #howtobeamillionairein3years #howtobuildwealth #howtobuildwealthinyour20s #howtoinvest #howtoinvestinrealestate #howtoinvestinstocks #investing #investingforbeginners #Investinginyour20s #passiveincome #realestate101 #robinhood #robinhoodapp #stockmarketinvesting #stockmarketinvestingforbeginners #stockoptions #RecessionNews #beststocktradingapp #creditcard #creditcardsforbeginners #creditscore #creditscoreexplained #howtobeamillionaire #howtobeamillionairein3years #howtobuildwealth #howtobuildwealthinyour20s #howtoinvest #howtoinvestinrealestate #howtoinvestinstocks #investing #investingforbeginners #Investinginyour20s #passiveincome #realestate101 #robinhood #robinhoodapp #stockmarketinvesting #stockmarketinvestingforbeginners #stockoptions
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