J Scott: We Have 1-2 Months Before the Economy Begins to Break
About this episode
J Scott discusses the imminent global recession and its potential impacts on the economy and housing market.
The next global recession is a lot closer than many Americans think. We’ve been (fairly) insulated from supply chain shocks stemming from the War in Iran, but within the next few months, things will begin to break. Oil reserves could run dry, energy costs could spike, and a new age of inflation could hit Americans in a way many of us are not prepared for. In other words: We’re a bit screwed…at least temporarily. The question is, how long do we have? There’s no one else but J Scott that we’d invite on to answer this question. J, aside from being one of the most principled real estate investors over the last two decades, is a student of the global economy, arguably more up to date on inflation, energy prices, and the effects to come than anyone else we know. J recently mentioned on a podcast that “we’re screwed”...just using a bit harsher language. Today, we’re asking “why?” and going over the delayed economic shocks that could be hitting us soon, the domino effect of ships being stalled at the Strait of Hormuz, whether or not this will impact the U.S. housing market, and what J is doing to protect himself right now. In This Episode We Cover Why we may be closer to a global…
People in this episode
Guest: J Scott
Topics covered
- global recession
- inflation
- energy costs
- housing market
- oil reserves
- economic shocks
Keywords
- recession
- inflation
- oil crisis
- energy prices
- housing market
- economic shocks
Mentioned in this episode
Organizations: BiggerPockets
Places: Iran, U.S.
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