2084: Predicting the Next Economic Recession & Revolutionizing Banking with Decentralized Finance | Campbell Harvey

Jason discusses the topic of decentralized finance (defi) and its potential advantages in the cryptocurrency world. He also touches on the issue of the US housing shortage and how it presents opportunities for real estate investors. Additionally, Jason highlights the benefits of joining the "Fire Your Managers" program and announced an upcoming Empowered Investor pro meeting that will host a guest who will present a special "tenant insurance" product . Finally, he invites everyone to join their community to grow their real estate portfolio. 

Jason then interviews Professor Campbell R. Harvey from Duke University's Fuqua School of Business and the author of DeFi and the Future of Finance as they talk about the yield curve and Decentralized Finance. Harvey discusses the phenomenon of an inverted yield curve, which has predicted every recession for the last several decades. Harvey expressed his concern about the current inverted yield curve, which has been in place for 12 months, traditionally leading to a recession. Jason and Campbell also discuss the significance of an inverted yield curve and the potential of decentralized finance (defi) in the financial world. They identified problems with the current financial system and the possibility of solutions through DeFi, such as the need for an alternative to the SWIFT system for wire transfers and the ability to store and use value in transactions. With the advent of WEB 3.0 and the decentralization of monetary assets, DeFi is truly set to revolutionize the world in all economic aspects especially finance.

 

Key Takeaways:

Jason's editorial

1:27 Today's episode: The future of DeFi

2:25 The 'other' housing crisis- a huge opportunity for real estate investors

5:05 Chart: Housing demand robust on favorable age demographics of FTHBs

6:56 Home prices hit record in September

7:44 FireYourManagers.com

8:38 Join our monthly meeting- go to EmpoweredInvestorPro.com

9:27 Join our cruise- go to EmpoweredInvestorLive.com 

 

Campbell R. Harvey interview

10:07 The inverted yield curve

13:11 Adjusting for inflation and the FED

16:49 Is the future inflationary

18:16 The yield curve- why it inverts and is a predictor of a recession

21:54 Decentralized Finance (DeFi) 

27:09 WEB 3.0

30:02 Ethereum

31:30 Competing with the government's #1 product- Fiat currency

36:30 The El Salvador bitcoin experiment

 

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