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 role does narrative economics play in predicting economic trends?

In what ways does political polarization affect business decisions according to the discussion?