Part 2/6:

The conversation explores the intricacies of inflation, including the concept of "entrenched inflation," where wages and input costs remain elevated even as headline inflation numbers decline. Crisafulli suggests that the Federal Reserve's recent pivot towards rate cuts, despite elevated inflation, is a puzzling move that could undermine its credibility.

The Housing Affordability Crisis

One of the most pressing issues discussed is the dramatic decline in home affordability. Crisafulli highlights that home prices have doubled since 2020, while wage growth has only increased by half that amount. Additionally, the cost of financing a home has tripled, making homeownership a luxury for many Americans.

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