Jason Hartman and Ken McElroy discuss inflation, the wealth gap, inflation, and Jason makes a bold prediction on the future of housing.
0:00 Introduction
0:57 Ken and Jason discuss their 2020 predictions, factors they didn't consider (forbearance, artificially low interest rates, and stimulus checks), and what they see for our future.
2:13 Jason believes we will be in a managed economy for a long time
3:23 Ken provides a quick real estate market update
9:07 Jason and Ken discuss forbearance and their expectations for bailing out people which will lead to inflation
10:38 Jason and Ken discuss the wealth gap and the lack of middle class and the risks it posses
12:09 Jason discuss universal basic income (UBI), inflationary pressures, and six ways the government can get out of the mess they created
14:50 If you want to have a growing economy, taxes should be lowered
17:02 Jason predicts the government will inflate its way out of debt
19:00 Align your interests with governments and central banks - the Federal Reserve
23:26 Jason explains how keeping money in a savings account costs you. Ken McElroy says cash was an asset, now it's a liability. Debt is your friend.
25:55 Jason's big prediction: People are going to hold on to their houses and remodeling will be big business because no one is going to let go of their mortgage. This will put a bigger constraint on affordable housing.
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