Jason Hartman begins today’s show discussing where the real growth in wages is happening. Fortunately it’s happening in the “real” economy, meaning those jobs that are involved in creating the widgets that we use. That sort of data really helps the linear rental markets that we’re investing in. He also provides some economic data that’s been released recently.
Then Jason talks with Jeff Ferry, Chief Economist at the Coalition for a Prosperous America, about what’s going on with the US trade war. Jeff has some ideas on how to close the gap between the US and the rest of the world, but Jason has some questions about whether they would cause inflation. They also look into America’s manufacturing sector and why we need to ramp it back up.
[2:52] People with no college degree are seeing their wages climb faster than people with college degrees
[6:21] When you have a strong manufacturing base in a real estate market, you have stability
[11:33] The economy has to be made up of many different players, and none of them are unimportant
[15:45] Consumer confidence slipped for the 4th time in 5 months and housing starts fell 8%
Jeff Ferry Interview:
[19:35] Jeff’s thoughts on the current trade situation
[23:51] One of Jeff’s solutions for helping cure the trade imbalance is to reduce the value of the dollar
[27:45] How would devaluing the US economy impact our purchasing goods from other countries and how would it impact the economy at home?
[30:57] You have to have capital formation for a society to create wealth