Bitcoin pioneer Charlie Shrem peels back the layers on the lives and backgrounds of the world's most impactful innovators. Centering around intimate narratives, Shrem uncovers a detailed, previously unspoken story of the genesis and evolution of bitcoin, cryptocurrency, artificial intelligence, and the web3 movements. Join Shrem as he journeys through the uncharted territories of tech revolutions, revealing the human side of the stories that shaped the digital world we live in today.
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24: The case for a recession
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Manage episode 367963895 series 3289820
Content provided by Onward, a Fundrise Production. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Onward, a Fundrise Production or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
In the latest episode of Onward, Ben and Cardiff work through one of the most confounding questions currently poised for the economy: What do we make of two seemingly contradictory data sets, where one is telling us that the economy is generally healthy, while the other says we remain precisely on track for a full-blown recession, according to all historical precedent? This source of cognitive dissonance recently sent Ben down a path of research, which has led to a critical observation: Before every recession in recorded Fed history comes a “Great Lag” — an average of 10 months between when the Fed reached peak interest rates and when the subsequent recessions actually began… resulting in a devastating average total stock market decline of -43%. Taking this data into consideration, the task of navigating the recession still hasn’t even started — in fact, we still haven’t even entered the first inning, as Ben says. If many companies are already strained in the current market, with current interest rates — as we’ve seen borne out in some sectors of commercial real estate — they certainly are not prepared for the the multi-year marathon of economic hardship that this data forecasts. So, despite the relative calm of our current economic moment, Ben points out that right now is the moment to prepare for what is almost certainly a recession still lingering on the horizon.
Have questions or feedback about this episode? Drop us a note at Onward@Fundrise.com.
Onward is hosted by Ben Miller, co-founder and CEO of Fundrise, and Cardiff Garcia, co-founder of Bazaar Audio and host of the economics-focused podcast The New Bazaar (after spending many years as the co-creator and co-host of NPR's The Indicator podcast).
Podcast production by The Podcast Consultant. Music by Seaplane Armada.
About Fundrise
With over 1 million users, Fundrise is America's largest direct-to-investor alternative asset investment platform. Since 2012, our mission has been to build a better financial system by empowering the individual. We make it easier and more efficient than ever for anyone to invest in institutional-quality private alternative assets — all at the touch of a button.
Please see fundrise.com/oc for more information on all of the Fundrise-sponsored investment funds and products, including each fund’s offering document(s).
Want to see the specific properties that make up and power Fundrise portfolios? Check out our active and past projects at www.fundrise.com/assets.
Have questions or feedback about this episode? Drop us a note at Onward@Fundrise.com.
Onward is hosted by Ben Miller, co-founder and CEO of Fundrise, and Cardiff Garcia, co-founder of Bazaar Audio and host of the economics-focused podcast The New Bazaar (after spending many years as the co-creator and co-host of NPR's The Indicator podcast).
Podcast production by The Podcast Consultant. Music by Seaplane Armada.
About Fundrise
With over 1 million users, Fundrise is America's largest direct-to-investor alternative asset investment platform. Since 2012, our mission has been to build a better financial system by empowering the individual. We make it easier and more efficient than ever for anyone to invest in institutional-quality private alternative assets — all at the touch of a button.
Please see fundrise.com/oc for more information on all of the Fundrise-sponsored investment funds and products, including each fund’s offering document(s).
Want to see the specific properties that make up and power Fundrise portfolios? Check out our active and past projects at www.fundrise.com/assets.
38 episodes
MP3•Episode home
Manage episode 367963895 series 3289820
Content provided by Onward, a Fundrise Production. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Onward, a Fundrise Production or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
In the latest episode of Onward, Ben and Cardiff work through one of the most confounding questions currently poised for the economy: What do we make of two seemingly contradictory data sets, where one is telling us that the economy is generally healthy, while the other says we remain precisely on track for a full-blown recession, according to all historical precedent? This source of cognitive dissonance recently sent Ben down a path of research, which has led to a critical observation: Before every recession in recorded Fed history comes a “Great Lag” — an average of 10 months between when the Fed reached peak interest rates and when the subsequent recessions actually began… resulting in a devastating average total stock market decline of -43%. Taking this data into consideration, the task of navigating the recession still hasn’t even started — in fact, we still haven’t even entered the first inning, as Ben says. If many companies are already strained in the current market, with current interest rates — as we’ve seen borne out in some sectors of commercial real estate — they certainly are not prepared for the the multi-year marathon of economic hardship that this data forecasts. So, despite the relative calm of our current economic moment, Ben points out that right now is the moment to prepare for what is almost certainly a recession still lingering on the horizon.
Have questions or feedback about this episode? Drop us a note at Onward@Fundrise.com.
Onward is hosted by Ben Miller, co-founder and CEO of Fundrise, and Cardiff Garcia, co-founder of Bazaar Audio and host of the economics-focused podcast The New Bazaar (after spending many years as the co-creator and co-host of NPR's The Indicator podcast).
Podcast production by The Podcast Consultant. Music by Seaplane Armada.
About Fundrise
With over 1 million users, Fundrise is America's largest direct-to-investor alternative asset investment platform. Since 2012, our mission has been to build a better financial system by empowering the individual. We make it easier and more efficient than ever for anyone to invest in institutional-quality private alternative assets — all at the touch of a button.
Please see fundrise.com/oc for more information on all of the Fundrise-sponsored investment funds and products, including each fund’s offering document(s).
Want to see the specific properties that make up and power Fundrise portfolios? Check out our active and past projects at www.fundrise.com/assets.
Have questions or feedback about this episode? Drop us a note at Onward@Fundrise.com.
Onward is hosted by Ben Miller, co-founder and CEO of Fundrise, and Cardiff Garcia, co-founder of Bazaar Audio and host of the economics-focused podcast The New Bazaar (after spending many years as the co-creator and co-host of NPR's The Indicator podcast).
Podcast production by The Podcast Consultant. Music by Seaplane Armada.
About Fundrise
With over 1 million users, Fundrise is America's largest direct-to-investor alternative asset investment platform. Since 2012, our mission has been to build a better financial system by empowering the individual. We make it easier and more efficient than ever for anyone to invest in institutional-quality private alternative assets — all at the touch of a button.
Please see fundrise.com/oc for more information on all of the Fundrise-sponsored investment funds and products, including each fund’s offering document(s).
Want to see the specific properties that make up and power Fundrise portfolios? Check out our active and past projects at www.fundrise.com/assets.
38 episodes
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