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Could Housing Crash the Global Economy? | Richard Wolff vs. David Woo

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Could housing crash the global economy? There are currently a number of housing bubbles across the globe – house prices relative to incomes have been at all time highs and, until recently, interest rates have been at historic lows. To read more of our analysis on Capital.com, go here: https://bit.ly/3ySLpxP

As central banks hike interest rates and the global economy struggles, we’re asking: could a housing market crunch cause a global economic crash? And if, so, how different might it be to the Great Recession of 2008? Watch former Wall Street strategist David Woo and American Marxian economist Richard Wolff go head-to-head to debate this key financial topic.

To watch more from David Woo, you can visit his YouTube channel, David Woo Unbound: https://www.youtube.com/c/DavidWooUnbound

And you can read more about the potential for housing crashes around the globe, by visiting all of our Capital.com analysis in the links below:

Will there be a global housing crash? https://bit.ly/3ySLpxP

Will there be a UK housing crash? https://bit.ly/3VGDbTa

Could interest rate hikes trigger another housing crash in Ireland? https://bit.ly/3s94cRA

Canada: could higher borrowing costs cause a housing slump? https://bit.ly/3TBoG0O

Australia: interest rate rises prompt price decline: https://bit.ly/3TfflMF

CHAPTERS:
0:00 – Could housing crash the global economy?
1:08 – Who is Richard Wolff? 
1:34 – Who is David Woo? 
2:41 – Richard Wolff – Is a housing crash coming?
3:53 – David Woo – housing market crash
4:20 – What increased housing prices?
4:50 – Price to income ratio 2022
5:00 – 2022 housing crash vs 2008 recession 
5:50 – Can the economy survive a housing crash?
7:15 – What is rising inflation and interest rates?
9:00 – Are Russian sanctions helping? 
9:57 – living wage crisis 2022
12:04 – Are central banks controlling inflation? 
15:20 – Employers keep raising prices 
19:20 – Is Capitalism to blame? 
21:25 – Will interest rates drop?
26:50 – Which Markets are most vulnerable? 
27:40 – How unemployment rates affect home prices
28:40 – How the energy crisis affects home prices
31:35 – What is the future of the global economy? 

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21 Comments

  1. A very interesting comment from James Sydney below: "Given the current economic climate, is it better to invest in real estate or stocks?" What do you think?

  2. Richard Wolff? Really? He isn't respected at all. He is a looney leftist activist who pretends to be a researcher.

  3. With over 150 years of history as evidence, todays crises are the result of voting for wall street — the party of democrats and republicans (top-down management). Or, it is the fault of the poor and working class for not voting?

  4. Hard to tell if this is the right platform for this. But ill try anyways as this is still considered business. Given the present conditions, is it better to invest
    into Real Estates or into Stocks? Which would yield better output.

  5. The look Prof Wolff made when the guy said we don't have a leverage problem, was priceless. 😆

  6. You got to look at 5.5 million home deficit in America this is not what make house market crash maybe in 5 year this all down to the people at the top be greedy there a always going to be inflation as there was a shortage in energy in the world before Russia Becouse of American sanctions on countries as more people get money in poor you need more energy and the British Labour Party more conservative then the Conservative Party now in England this guy is clueless on UK

  7. Friday the 21st will be interesting- a bit lengthy to explain but all big crashes happened on this date on the basis of the lunar calendar – I know I lost you right there- just watch out.

  8. Housing problem and imagine if depopulation also applied as bill gates wants most of houses will be empty everywhere and bill gates will buy and vaccinate all the rest of the people.

  9. I live nicely in my cardboard box hus, and it's all mine. No loans, no taxes, no maintenance! ALL MINE!

  10. The economist is right. Whether interest rates decrease or not, it won’t fix the current inflation and recession

  11. ماقدر اسحب فلوسي ع البطاقة بعد المضاربة في المنصه عندهم

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