US Economic Outlook Significantly Stronger Than You’d Think w/Top Forecaster Joe Brusuelas

The US economy isn’t doing as well as you think—it’s doing even better . While mainstream media outlets and grocery prices may make you feel that the US economy is struggling, the data points to something different . Inflation is getting under control, the Fed is about to lower rates, recession risks could be shrinking, and a long-term growth trend is emerging . The American economy is leading what Joe Brusuelas calls the “ global recovery. ” Named 2023 “Best Rate Forecaster” by Bloomberg, Joe has an unmatched view of the economy at a macro and microeconomic level. Today, we’re talking to Joe about the state of the US economy and why it’s outperforming global players like China . Joe shares the “secret sauce” that is helping the US take center stage in global economic growth, which could keep us on course to see continued economic success for years to come. But, with China’s economy showing cracks , the Middle East conflict getting more tense by the day, and the risk of recession still top of mind, what’s next for the US economy? Joe gives his economic outlook and shares the most significant risks the US economy could face , plus why he sees a BIG Fed rate cut coming in 2025. In This Episode We Cover The state of the US economy and why we’re seeing such unmatched economic growth The “secret sauce” that makes the American economy particularly efficient China’s growing economic troubles and whether it could bleed into the US economy Fed rate cut predictions and why we may see a BIG drop in rates by this time next year Joe’s US economic forecast and the regions of the US real estate investors MUST watch Commercial real estate risks and whether we should still be worried about “the wall” of maturing debt And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Find Investor-Friendly Lenders See Dave at BPCON2024 in Cancun! Dave's BiggerPockets Profile On The Market Podcast 196 - China Falters, Israel’s Oil Danger, and Russia’s Assets Used Against Them w/Joe Brusuelas Learn More from Joe Grab Dave’s Newest Book, “Start with Strategy” Jump to topic: 00:00 Intro 01:51 US Economy is Booming 06:52 Recession Risk? 08:43 China’s Economic Trap 13:31 Will This Hurt the US? 14:45 Middle East Oil Risks 17:42 US Economic Forecast 25:27 What Commercial Crash? 27:28 Fed Rate Cuts Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-253 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com . Learn more about your ad choices. Visit megaphone.fm/adchoices