Josh is joined by the always wise and highly insightful Dr. Lacy Hunt Ph.D, Financial author, internationally known economist, and Executive Vice President and Chief Economist of Hoisington Investment Management Company.

Josh and Lacy discuss the incessant inflation effect on the American economy, plus the depressing effect in consumer spending in the U.S.. Also, real estate conditions across the country and the role of regionalization. Finally, the question of whether or not we're in or heading towards recession.