Happy New Year friends! The Higher Standard is kicking off the year with some heat to make you think about all the positive data you are hearing. Chris and Saied were in the studio just before New Year's Eve to cook up this banger for you, while Haroon remained out on a prolongated PTO. He may be out on a sabbatical at this point. The boys dive in to the home prices and some red flags you need to be aware of. Then after giving you the you the good, bad and the ugly, they drop seven reasons why there is likely to be a recession in 2024. We hope it makes you think about what is in store for the year. Thank you for a wonderful 2023 and for supporting the show!
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Home prices are up in all major U.S. cities, except one (CNBC Chart Of The Day via Instagram )
2023 Home Price Growth, by City (The Kobeissi Letter via X)
End of the Middle-Class Dream? (Newsweek)
Home prices to heat up after Fed rate cuts with 88% of market overvalued (Business Insider)
U.S. Pending Home Sales Stuck At 22-Year Low Despite Falling Rates (Yahoo! Finance via Instagram)
10-Year Treasury Yield Sees Biggest December Drop Since 2008 Crisis (Yahoo! Finance via Instagram)
Recession Outlook 2024: 6 reasons why a 2024 downturn looms RBC says (Business Insider)
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