Ken Fisher Answers Your Questions on Home Prices, New Bull Markets, Inflation and More

Fisher Investments’ founder, Executive Chairman and Co-Chief Investment Officer Ken Fisher answers viewer mailbag questions about falling home prices, new bull markets, inflation and more. Ken begins by discussing how falling home prices and a subsequent decline in new construction can negatively affect GDP growth. However, given the cyclicality of the Real Estate sector and its small size relative to the broad economy, falling home prices are unlikely to spark a recession on their own.
Ken then addresses what the start of the next bull market may look like. While no one knows exactly when a new bull market will start, it’s common to see pervasive investor skepticism during the bulls’ initial climb. Ken says current economic conditions are better than most people believe and, therefore, we’re likely to see positive economic surprises on a regular basis as 2023 progresses-a feature that could lift global stocks but likely requires investors to remain patient a bit longer.
Finally, with some investors concerned that rising minimum wages could push inflation higher, Ken reminds us that well-known economist Milton Friedman demonstrated long ago that wages follow inflation, not the other way around.
For more of Ken Fisher and Fisher Investments’ thoughts on the markets, visit us at www.fisherinvestments.com/en-us.
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Investing in securities involves a risk of loss. Past performance is never a guarantee of future returns. Investing in foreign stock markets involves additional risks, such as the risk of currency fluctuations. The foregoing constitutes the general views of Fisher Investments and should not be regarded as personalized investment advice. Nothing herein is intended to be a recommendation. The opinions expressed are subject to change without notice.
00:00 Intro
00:32 How Do Home Prices Impact The Economy?
02:23 What Will The Start of The Next Bull Market Look Like?
04:30 Would Passive Investing Work if Everyone Did It?
06:52 How Does Minimum Wage Affect Inflation?

[@gmo709]

Grab bag. I like it! I will have to come up with some questions for a future mail bag session. The dinosaur joke delivery was funny and I did laugh.

[@jacksilver9935]

The library and fireplace are absolutely hilarious. Right, I trust you more cause you got books and logs.

[@dlg5485]

So glad to hear you address the wages vs inflation question. Workers are so often blamed by "capital" for problems in the economy when nothing could be further from the truth. Workers have the least amount of power to influence the economy of all inputs and this trend has been ongoing for decades.

[@davicastro250]

The explanation about inflation was excellent!

[@aktanf]

Great insight! Thanks Ken, please keep them coming

[@millrgenuine]

Great video! Always interesting to hear Ken's insights.

[@jimmeyer9648]

Thank you Mr. Fisher, great answers !

[@user-ji3dn7wv1k]

Ken fisher❤️

[@mangostickyrice555]

Thumbs up 👍

[@rokker333]

Thank you sir!

[@TheCpdavis]

Thanks for the response!

[@FRANKWHITE1996]

Thanks for sharing ❤

[@darrenhere5856]

thank you sir.

[@larrybuller4707]

Ken, two questions please. The national debt continues to rise, congress is now debating on increasing the debt ceiling, if the debt continues to rise and congress continues to over spend how does that effect stocks? We continue to see Oil, gas, and natural gas prices go up, these cost continue to drive cost of good up.. How does that effect economy, jobs, manufacturing? One more, lol.

[@gordong2457]

Very useful thanks

[@jeffdejeanne1799]

Wages follow inflation, so true!

[@greigsanderson]

This was recorded mid-December 2022

[@ryanodonnell4184]

From what i understand, people in the US are relying heavily on credit card and other types of debt just to get by, and the banks are still lending heavily despite the fed funds rate increases. Ken was saying that if a single product inflates, (lets say oil,) then the price of other products and services must fall. What im seeing is that as long as banks and credit card companies keep lending, then inflation will continue. Why would it stop under these comditions? We have stopped the stimulous checks, ppp loansetc…, but there is still a huge amount of money being thrown at the average american by private institutions, not to mention gargantuan spending bills that also pump cash into the economy. So why would the recent dip in inflation last? Any thoughts or comments appreciated.

[@mrsteve7175]

Thanks. Very helpful. It's interesting that in the UK the government is trying to resist public health wage increases by saying that they can't because it will fuel inflation. I guess then, that they are falsely using high inflation as an excuse? It is also surprising, therefore, that no one in the media picks up on this.

[@mdoing702]

GOAT

[@phd5570]

was a joke, but not a good one LOL

[@richardcooper4825]

Thank you sir !