America's Wage Earners Are Being Crushed: The Breaking Point? | Dr. Lacy Hunt

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Dr. Lacy Hunt says the US economy is in a “very precarious situation.” Inflation is coming down, but prices are not. New cars and homes cost about 20% more than they did before the pandemic and remain out of reach for people on the middle and lower rungs of the economic ladder. The high cost of food isn’t helping, either.

Inflation hurts those who can least afford it. Lacy rams home the point—just because inflation is slowing, doesn’t mean there aren’t millions of people still suffering due to the higher costs of basic needs. Lacy walks us through the data.

We also discuss the economic impacts of artificial intelligence, the nuclear energy revival, and the pros and cons of immigration.

Dr. Hunt is Executive Vice President and Chief Economist of Hoisington Investment Management. He’s also a regular favorite at the Mauldin Economics Strategic Investment Conference.

Dr. Hunt has curated a valuable reading list, his “Essential Documents in Economics & Investments,” along with his personal notes. Access your copy here: https://www.mauldineconomics.com/down...

Before you go… What is your take on the state of the US economy? How well does the economic data match what you see happening around you? Please leave a comment below—I read them all.

Read Lacy Hunt’s “Essential Documents in Economics & Investments” here:
https://www.mauldineconomics.com/down...

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Time stamps:
00:00 – Introduction
05:59 – The end of affordable homes
10:08 – The latest Michigan readings
12:39 – Deflation ahead?
15:06 – Mistakes in fiscal and monetary policy
20:28 – Passing the 90% mark
26:00 – Transitory boosts
30:48 – Can AI/automation help?
36:50 – Aging populations
41:15 – Unlikely political partnerships