About this episode

Ken McElroy discusses the current economic conditions and their similarities to the 2008 crash, focusing on stagflation and the housing market.

"There's really not a big way out of a stagflation other than printing." The conditions that preceded the 2008 crash are showing up again, but with a key difference. In 2008, homeowners had no equity and walked away. Today, they have massive equity and locked-in low rates, which means the crash won't look the same. What Ken McElroy, who lived through 2008, is more worried about is something most people aren't talking about: double-digit unemployment driven by AI and inflation hitting at the same time, stagflation, with a government too indebted to raise rates high enough to fight it. Jaspreet Singh sits down with real estate investor Ken McElroy and realtor Danielle to break down the housing market, the stagflation risk, and how debt (when used correctly) can be the most powerful wealth-building tool available. In this episode, you'll learn: Why 2026 is not 2008: back then there were 4–5 million homes on the MLS and zero equity; today there's only 1 million homes listed and most owners have significant equity Why the government can't raise interest rates high enough to fight stagflation; unlike the 1970s when the Fed jacked rates to 15–18%, today's $39 trillion national debt…

People in this episode

Host: Jaspreet Singh

Guests: Ken McElroy, Danielle

Topics covered

• stagflation
• housing market
• real estate investment
• unemployment
• debt management
• economic conditions

Keywords

• stagflation
• 2008 crash
• real estate
• unemployment
• debt
• inflation
• housing market
• economic crisis

Mentioned in this episode

Organizations: Federal Reserve

Places: United States

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