Mortgage Rates And Falling Oil Prices | ITK With Cathie Wood

The podcast analyzes the current economic landscape, focusing on the concept of a "rolling recession" and its impact on various sectors. Despite strong GDP growth, Speaker 1 highlights negative developments in housing and manufacturing, attributing them to high interest rates and other factors. Consumer confidence is low, particularly among younger generations, due to unemployment and inflation expectations. The discussion also covers policy backdrops such as budget and trade deficits, effective corporate tax rates, and potential tax refunds for consumers. Speaker 1 anticipates declining inflation due to falling oil prices, decreasing new home prices, and reduced unit labor costs, while also examining the disconnect between inflation indicators and the gold market. The potential for productivity-driven real GDP growth, accompanied by lower or negative inflation, is also explored.