Yale's Shiller Sees Healthy Housing Market, Says Recession Hard to Predict

The video discusses the impact of recent interest rate cuts on the housing market, noting a slowdown in home price increases. It examines the Fed's efforts to stabilize the economy post-financial crisis and considers the potential for a recession. The concept of narrative economics is introduced, highlighting how social narratives can influence economic behavior. The discussion also touches on political instability, particularly impeachment hearings, and their effects on business decisions and economic planning.

What has been the trend in the housing market since 2015 according to the discussion?

• It has been growing at double-digit rates.

• It has completely collapsed.

• It has remained stable but less exciting.

• It has been declining rapidly.

What is the main challenge in predicting economic trends as discussed in the video?

• Lack of historical data.

• Inherent unpredictability of economic factors.

• Over-reliance on technology.

• Too many economic experts.

According to the video, what is a significant economic narrative currently affecting business decisions?

• The global warming crisis.

• The impeachment hearings.

• The rise of cryptocurrency.

• The technological revolution.

How does narrative economics suggest ideas spread and influence the economy?

• Through academic publications.

• Through government policies.

• Via traditional media only.

• By word of mouth and social media.

What does the video suggest about the potential for a recession before November 2020?

• It is inevitable.

• It has already started.

• It is highly unlikely.

• It is possible but uncertain.