{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"2485: Economic Forecast and Labor Market Dynamics with Eric Basmajian","description":"Economist Eric Basmajian joins Jason to analyze current economic trends, focusing specifically on the housing market, inflation, and recession risks. He explains that although homebuilder profit margins have compressed and residential construction has slowed, broader macroeconomic indicators\u2014such as rising AI capital spending and a cyclical upturn in manufacturing employment\u2014have kept recession probability remarkably low. Basmajian also addresses the unique dynamics of the modern labor market, noting that while layoffs remain historically rare due to labor shortages, finding new employment has become exceptionally challenging, particularly for younger demographics. Finally, they discuss the long-term productivity impacts of artificial intelligence, suggesting that while the technology will inevitably displace certain workers, the market will eventually reabsorb that labor into areas of new demand. &amp;nbsp; Key Takeaways: 0:00 Bullish, bearish or neutral on the housing market 4:52 Home builders profit margins 13:58 Oh the irony 15:23 KB Homes profit margins  19:38 Cyclical and non-cyclical payrolls  24:13 Tech companies trading with each other  27:44 Ai and unemployment  38:36 Mortgage delinquency rate  41:24 What Eric does  43:18 Do nothing for long periods of time  44:17 Top AI Adopters doubled their productivity &amp;nbsp;  https:\/\/empoweredinvestor.com\/wednesday https:\/\/empoweredinvestorpro.com Contact our Investment Counselors today! Get your FREE account today at https:\/\/PropertyTracker.com\/ Join our FREE Masterclass every second Wednesday of the month  https:\/\/EmpoweredInvestor.com\/Wednesday Check out our properties at  https:\/\/EmpoweredInvestor.com or  https:\/\/empoweredinvestormarketplace.com\/app\/search &amp;nbsp; _______________________________________________________________ &amp;nbsp; Follow Jason on TWITTER, INSTAGRAM &amp;amp; LINKEDIN  Twitter.com\/JasonHartmanROI  Instagram.com\/jasonhartman1\/  Linkedin.com\/in\/jasonhartmaninvestor\/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit:&amp;nbsp;https:\/\/www.jasonhartman.com\/ Free Class: &amp;nbsp;Easily get up to $250,000 in funding for real estate, business or anything else:&amp;nbsp;http:\/\/JasonHartman.com\/Fund CYA Protect Your Assets, Save Taxes &amp;amp; Estate Planning: http:\/\/JasonHartman.com\/Protect Get wholesale real estate deals for investment or build a great business \u2013 Free Course:&amp;nbsp;https:\/\/www.jasonhartman.com\/deals Special Offer from Ron LeGrand: https:\/\/JasonHartman.com\/Ron Free Mini-Book on Pandemic Investing:  https:\/\/www.PandemicInvesting.com ","author_name":"Creating Wealth Real Estate Investing with Jason Hartman","author_url":"http:\/\/www.jasonhartman.com","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/43394014\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/content\/207936714"}