The Dave Elswick ShowThe Dave Elswick Show

DES HR4 - Echoes of 2008: Housing, Trade, and National Debt Woes

View descriptionShare

This podcast segment discusses alarming signals in the U.S. economy, primarily focusing on a potential housing market crisis that some analysts suggest looks worse than the 2008 collapse due to high rates and collapsing affordability. The host references Jamie Dimon's "cockroaches in the system" warning, suggesting hidden bad debt is spreading, similar to the subprime mortgage crisis, with auto loan delinquencies spiking as well. The segment then pivots to the political and economic impact of the China trade war, specifically the $12 billion aid package proposed for farmers hurt by China's reduced soybean purchases and the subsequent market uncertainty. Finally, the discussion touches on the debate surrounding the National Defense Authorization Act (NDAA), with a focus on Representative Marjorie Taylor Greene's opposition due to high foreign aid spending amidst the rising $38 trillion national debt, alongside a critique of insider trading by politicians.

  • Facebook
  • X (Twitter)
  • WhatsApp
  • Email
  • Download

In 1 playlist(s)

  1. The Dave Elswick Show

    407 clip(s)

The Dave Elswick Show

The Dave Elswick Show features a unique blend of state, local, and national guests discussing politi 
Social links
Recent clips
Browse 2,148 clip(s)