Housing Is in an 'Irrational, Exuberant Boom,' Blinder Says

The transcript discusses economic concerns, focusing on job numbers and housing market trends. It highlights inflationary pressures from housing and other sectors like airlines and hospitality. The impact of supply chain bottlenecks, particularly in the automotive industry, is also examined, suggesting potential future surprises in the economy.

In what ways are airlines and restaurants expected to impact the economy post-pandemic?

What unexpected trends have emerged in the used car market, and what might be the reasons behind them?