Grantham Sees a US Recession Running Deep Into Next Year

The video discusses the impact of rising interest rates on the real estate market and predicts a potential recession, possibly starting in 2023. It critiques the Federal Reserve's track record on economic predictions, particularly regarding recessions and inflation. The speaker believes inflation will remain higher than in the past decade, leading to moderately higher interest rates. The discussion highlights the relationship between interest rates and asset prices.

What does the speaker suggest about the future of inflation and interest rates?

In what way does the speaker believe low and high interest rates affect asset prices?