Grantham Sees a US Recession Running Deep Into Next Year

The video discusses the impact of rising interest rates on the real estate market and predicts a potential recession, possibly starting in 2023. It critiques the Federal Reserve's track record on economic predictions, particularly regarding recessions and inflation. The speaker believes inflation will remain higher than in the past decade, leading to moderately higher interest rates. The discussion highlights the relationship between interest rates and asset prices.

What is the predicted impact of rising interest rates on the real estate market?

• It will cause a rapid increase in property values.

• It will have a negative and slow-moving influence.

• It will have no impact at all.

• It will boost the market significantly.

According to the speaker, when might the predicted recession begin?

• It will definitely start in 2023.

• It has already started.

• It will not start until 2025.

• It may start in 2023 but could extend into the following year.

How does the speaker view the Federal Reserve's track record on predicting recessions?

• They have an excellent track record.

• They are often incorrect in their predictions.

• They have never made a prediction.

• They always predict recessions accurately.

What is the speaker's opinion on J Pal's handling of inflation?

• The speaker has no opinion on J Pal's performance.

• The speaker feels inflation control is largely out of J Pal's hands.

• The speaker thinks J Pal has done a perfect job.

• The speaker believes J Pal has complete control over inflation.

What is the relationship between interest rates and asset prices according to the speaker?

• Low rates decrease asset prices.

• High rates increase asset prices.

• Low rates increase asset prices, while high rates decrease them.

• Interest rates have no effect on asset prices.