Matt McCaffrey is a former Mises Institute research fellow with an expertise in the American economist (and Austrian fellow-traveler) Frank Fetter. He joins Bob to discuss his newly published journal article exploring the dispute Fetter had with the august British economist Alfred Marshall over the theory of rent.

Dr. McCaffrey's Journal Article: https://Mises.org/HAP480a
Frank Fetter's Capital, Interest, and Rent: https://Mises.org/HAP480b
Matt McCaffrey, “Frank Fetter and the Austrian Tradition in the United States”: https://Mises.org/HAP480c

The Human Action Podcast

Matt McCaffrey on Frank Fetter vs. Alfred Marshall on the Theory of Rent

https://www.biggerpockets.com/blog/on-the-market-283

Welcome to the 2025 housing market! It’s a new year, and if you’re ready to invest more, get closer to financial independence, or finally find and buy your first home, we’re here to help.

We’ve got BIG plans for 2025 and are watching some key economic indicators to help us decide what to do next. But we have already zeroed in on a few investments we’re eager to invest in. Curious about where we’re putting our money in 2025? We’ll share exactly where—and why!

We’re recapping our 2024 progress and giving you tips on what to buy based on your goals. Some of us are scaling down this year while others are scaling up, but we all have the same advice for someone who wants to get into the real estate investing game. If you follow this simple, repeatable path we’re laying down, you’ll be investing in no time.

Don’t let 2025 pass you by! You could regret sitting on the sidelines! Tune in, take notes, and let’s get wealthier together this year!

The 2025 Housing Market is Here! (What to Watch Starting NOW)

Show from 01/03/25

Host Jeremy Schwartz and Professor Siegel began the first episode of 2025 by reflecting on the market's robust end to 2024 and the economic outlook for the new year. Professor Siegel emphasized the strong but balanced economic data, predicting no changes in Federal Reserve policy for 2025 and cautioning about potential corrections in the market. He discussed key risks, such as narrow market leadership driven by big tech and lingering bond market pressures, while emphasizing the complexities surrounding tariffs and fiscal policy under the new administration. (16:00) Jeremy was then joined by WisdomTree colleagues Sam Rines and Jeff Weniger for an in-depth discussion of 2025 market dynamics. They explored the potential effects of immigration policies on labor markets, the implications of expected tariffs, and evolving geopolitical risks in Europe and Asia. The group highlighted Argentina's surprising economic turnaround, the deflationary pressures stemming from China, and the ongoing investment potential in India and Japan. They also debated Europe's economic resilience, particularly Germany's DAX performance, despite widespread pessimism. The episode concluded with a lighter discussion on consumer trends, including the recent slowdown in fine wine and luxury goods markets.

Guest: Samuel Rines is a Macro Strategist at WisdomTree, where he extends the firm's custom model portfolio management capabilities. Before joining WisdomTree in 2024, he was the Managing Director at CORBU, LLC, leading the PolyMacro advisory product.

Jeff Weniger, CFA serves as Head of Equity Strategy at WisdomTree. In his role, Weniger helps to formulate the firm’s stock market outlook by assessing macro and fundamental trends. Prior to joining WisdomTree, he was Director, Senior Strategist at BMO, where he worked in the office of the CIO from 2006 to 2017. He served on the firm’s Asset Allocation Committee and co-managed the firm’s ETF model portfolios for both the U.S. and Canada. In 2013, at the age of 32, Jeff was chosen as the youngest member of BMO’s Global Investment Forum, which collected the firm’s top global strategists to formulate the firm’s official long-term outlook for investment trends and markets.

Follow Sam Rines on X: https://x.com/SamuelRines
Follow Jeff Weiniger on X: https://x.com/JeffWeniger
Wisdom Tree: https://www.wisdomtree.com/investments

A cautious take for 2025's market expectations

At the end of a long day of work, at the Center for Offsite Construction. I asked an AI to write a song about creating ANSI standards for the modular construction industry. It made this in 30 seconds or so. Not that great but kind of funny

offsite.mp3

In this special edition of The Podlight, West Valley reporter Annalise Freimarck takes a look at how cities in the region like Campbell, Cupertino and Los Gatos are tackling a rise in homelessness.

Homelessness in the West Valley

The incoming administration’s plans could include proposing harmful housing rules and taking apart HUD. What specific changes have been hinted at and how easily might they be accomplished? Listen as Lara Heard reports: How Fast Could the Trump Administration Make HUD and Fair Housing Changes?

This article was written by Heard and Lillian Ortiz.

Read the full piece at https://shelterforce.org/2024/12/23/how-fast-could-the-trump-administration-make-hud-fair-housing-changes/

How Fast Could the Trump Administration Make HUD and Fair Housing Changes?

Show from 01/10/25

Host Jeremy Schwartz and Professor Siegel kicked off the episode by discussing the robust job market, the recent surge in inflationary expectations linked to tariffs, and the outlook on interest rates amid real growth concerns. Professor Siegel noted the resilience of commodity prices, the potential for higher long-term rates, and his skepticism about significant rate cuts in 2025, despite positive corporate earnings reports. He also highlighted the impact of rising real rates on stock valuations and his cautious stance on S&P growth projections. (16:08) Jeremy then shifted the conversation to macro strategists Sam Rines and Chris Gennady. Sam emphasized the positive outlook for leisure, hospitality, and business travel sectors, driven by robust consumer demand and stable cost structures. He also discussed the impacts of interest rate movements on financial stocks and energy prices, highlighting the significance of natural gas production in the U.S. Chris provided insights into the latest tech developments, including quantum computing, robotics, and biotech investments by major chipmakers. The discussion concluded with an overview of currency movements, global geopolitical dynamics, and the importance of energy infrastructure, as well as speculation about Canada's potential political and economic shifts.

Guest: Samuel Rines is a Macro Strategist at WisdomTree, where he extends the firm's custom model portfolio management capabilities. Before joining WisdomTree in 2024, he was the Managing Director at CORBU, LLC, leading the PolyMacro advisory product.

Christopher Gannatti began at WisdomTree as a Research Analyst in December 2010, working directly with Jeremy Schwartz, CFA®, Director of Research. In January of 2014, he was promoted to Associate Director of Research where he was responsible to lead different groups of analysts and strategists within the broader Research team at WisdomTree. In February of 2018, Christopher was promoted to Head of Research, Europe, where he was based out of WisdomTree’s London office and was responsible for the full WisdomTree research effort within the European market, as well as supporting the UCITs platform globally. In November 2021, Christopher was promoted to Global Head of Research, now responsible for numerous communications on investment strategy globally, particularly in the thematic equity space

Follow Sam Rines on X: https://x.com/SamuelRines
Follow Chri Gannatti on X: https://x.com/SamuelRines
Wisdom Tree: https://www.wisdomtree.com/investmen

Hot Data, Cold Markets: Navigating the Fed, Economy, and Technology Trends

This week on TrendsTalk, ITR Economist Michael Feuz provides an in-depth analysis of both the single-unit and multi-unit housing markets and our outlook for 2025 and 2026. How important will labor retention be for construction in the coming years? Tune in to find out!

Outlook for Residential Construction Markets

Group Chief Executive Wayne Gethings speaks to BBC Radio Shropshire's Adam Green about how our sector can support the Government to meet new housing targets

BBC Radio Shropshire 10/1/2025 - Wayne Gethings on new government housing targets

Kansas City tenants launched a rent strike in October. With a new administration coming into office, it might be too late for a federal rent cap—but they're still pushing for better conditions. Roshan Abraham reads his latest story, "Time’s Running Out. Striking Kansas City Tenants Want the Government to Act."

Read the full story at https://shelterforce.org/2025/01/09/times-running-out-striking-kansas-city-tenants-want-the-government-to-act/

Time’s Running Out. Striking Kansas City Tenants Want the Government to Act.

Shelterforce is nonprofit and independent publication that covers topics from community planning to racial equity, affordable housing to the future of community development, and how policy intersects with it all. Here you can listen to authors read their latest Shelterforce articles, as well as our interviews with folks on the ground. For more, go to shelterforce.org.

To support our nonprofit newsroom, make a tax-deductible donation at https://bit.ly/Donate2Shelterforce.

Hosts Jeremy Schwartz, Global CIO at WisdomTree and Wharton finance Professor Jeremy Siegel, author of Stocks for the Long Run, discuss the how and why of market performance with leading economists and market strategists to inform you what’s ahead for the economy and your portfolio.

 

Jeremy Schwartz has served as WisdomTree’s Global Chief Investment Officer since November 2021 and leads the investment strategy team in the construction of WisdomTree’s equity indexes, quantitative active strategies and multi-asset model portfolios. Mr. Schwartz joined WisdomTree in May 2005 as a Senior Analyst, adding to his responsibilities in February 2007 as Deputy Director of Research and thereafter, from October 2008 to October 2018, as Director of Research and from November 2018 to November 2021 as Global Head of Research. Prior to joining WisdomTree, he was head research assistant for Professor Jeremy Siegel and in 2022 became his co-author on the 6th edition of the book Stocks for the Long Run. Mr. Schwartz also is co-author of the Financial Analysts Journal paper, What Happened to the Original Stocks in the S&P 500? He received his B.S. in Economics from The Wharton School of the University of Pennsylvania and hosts the Wharton Business Radio program Behind the Markets on SiriusXM 132. Mr. Schwartz is a member of the CFA Society of Philadelphia.

The Mises Institute, founded in 1982, is an educational institution devoted to advancing Austrian economics, freedom, and peace in the classical-liberal tradition. Our website offers many thousands of free books and thousands of hours of audio and video, along with the full run of rare journals, biographies, and bibliographies of great economists.

Our mission: We provide the best economic intelligence to reduce risk and drive practical and profitable business decisions.

The Podlight is produced by San José Spotlight, the city's award-winning nonprofit news organization dedicated to independent political and business reporting. Hosted by editor Nick Preciado and senior reporter Joseph Geha, our show features in-depth conversations with South Bay leaders, lawmakers and influencers about policy, politics and government, delving into critical issues such as housing, technology, business, homelessness, education and development.

BiggerPockets’ goal is to make 1 Million Millionaires by sharing the power of investing in Real Estate to create financial freedom in your life. 

Join our hosts and guest to become part of the growing community taking control of their financial journey on our largest and longest-running podcast that breaks down real estate investing strategies that work today—from deep-dive interviews to coaching calls, news analysis, and more. 

Make your next real estate investing move with confidence…tune in to the #1 real estate investing podcast.

New tracks tagged #housing