Rogoff: Housing Markets Face Further Drop of 10%

The video discusses the implications of rising interest rates on debt, credit markets, and the global economy. It highlights the unexpected resilience of debt instruments despite economic challenges, particularly in emerging markets. The discussion extends to the real estate market, predicting further adjustments due to sustained high interest rates. China's overbuilt infrastructure is examined, noting its economic implications. The video concludes with a look at the future of cryptocurrency, emphasizing the need for global regulation.

What are the potential consequences of a prolonged high interest rate environment?

What challenges does China face in its housing market according to the discussion?

How might the regulation of cryptocurrency affect its future value?