Dave Ramsey’s Shocking Prediction For Housing Prices, Stock Market, & The Trump Economy

**SPEAKER_1** (0:00)
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**SPEAKER_2** (0:30)
The US federal budget is on an unsustainable path.

**Dave Ramsey** (0:34)
We're just spending like we're on crack. I mean, it's just nuts.

**SPEAKER_2** (0:39)
We're going to be broke really quickly unless we get serious about dealing with our spending issues.

**Dave Ramsey** (0:48)
How can you possibly sustain this?

**Jack Selby** (0:52)
How would you approach things differently?

**Dave Ramsey** (0:54)
I would make Elon Musk look like Mother Teresa.

**Jack Selby** (0:58)
For young people today, where do you see the biggest opportunities for them?

**Dave Ramsey** (1:01)
This moment in time is the best possible time to be alive in the history of the human race, if you want to build wealth. So many people have become desensitized to the fact that you've got information of the entire world in their palm. You start a digital application of something, you can go to market with it for free. It's like having a magic wand. And if you will tap into that, instead of believing these horrible philosophies that are floating around about, oh, the economy is systemically flawed and you're screwed, and boomers bought their houses with a basket of strawberries, and now you can't buy it. If you don't quit believing all that crap and instead go, God, anything's possible, go do something.

**Graham Stephan** (1:48)
Dave Ramsey, thank you so much for coming on The Iced Coffee Hour.

**Dave Ramsey** (1:51)
It's good to be back with you guys.

**Jack Selby** (1:52)
I really appreciate this.

**Dave Ramsey** (1:53)
You guys have got the big dogs out there, the lineup that's been on the show lately. Wow. Thank you.

**Graham Stephan** (1:58)
It is always super, super fun to have you on and your insights into the economy and everything financial. They're always extremely fascinating. So thanks again.

**Dave Ramsey** (2:06)
Fascinating as a word, yeah.

**Graham Stephan** (2:08)
So we have to know, what are your predictions for the Trump economy in terms of jobs, stocks and growth? If you were just to lay it all out, what do you predict?

**Dave Ramsey** (2:16)
You know, anytime I predict the economy or politics, I'm generally wrong. So I hesitate to do it. So but I would say, rather than my prediction, my hope is that what he's attempting to do works. And so the big, beautiful bill really did do some wonderful tax things. The middle class got a huge tax breaks in 2017 and it was made permanent. So that anytime that there's less taxes, there's more money and that helps the economy.
People have their money in their pocket instead of sending it to the stupid government. So that's a good thing. Obviously, if you can get the energy sector moving, that's one-eighth of the or one-seventh of the economy, depending on how you measure it. And if you get a drill baby drill happening, that creates a boom. If you get interest rates to move slightly down, and he's having a big argument now as we speak about that, then you could cause an economic boom. And get things moving and so forth. So there's a lot of reasons to be bullish. I honestly thought some of it would have happened before now, when he came into office. But this is hard process, I guess. And again, I'm not very good at predicting it. And I've been predicting that we're going to have a boom, real estate economy for, I don't know, unsuccessfully predicting that for like six consecutive quarters. So I'm about ready for it to happen, actually. If you keep saying it, eventually, you'll be right, right?

**Jack Selby** (3:49)
So all of this seemed like upsides. Are there any potential downsides that you see? Or any concerns with that adding on to a national event?

**Dave Ramsey** (3:56)
I was a little bit caught off guard by how all the tariff things, all the tariff discussions and arguments and grenades and whatever you want to call them is method of negotiating is pretty much a baseball through a window.
But I was a little bit shocked about how that froze everybody. They just sat on the sidelines like a deer in the headlights and watched till let's wait to see how that happens before we do. Because it doesn't affect a lot of people. Doesn't affect us. We don't buy a lot of stuff overseas. It doesn't affect Ramsey at all. So why would we be sidelined? We should go do what we were going to do. We haven't been, we haven't made a decision, but I'm amazed at the number of people in business that I talked to, that they're like, wow, we're kind of waiting on this tariff thing to clear out. Why? It didn't even, but it did more damage. The waiting to see what's going to happen did more damage than I thought it was going to do. And I slowed everything down sluggish. Because anytime you, because we've talked about this before, the economy is self-fulfilling prophecy. If people believe things are going to be good, what do they do? They invest in new people, they bring on payroll, you give people jobs, they invest in buildings to put the company in, they invest in computers to run the thing on. The money goes out the door when you believe, when you're hopeful. When you're scared, you pull back and you build the war chest, and you quit hiring, and you quit investing, and you quit building up inventory, because you don't think it's going to sell. And so it becomes a self-fulfilling prophecy, in that if you believe it's going to work, you do the things that causes it to work, causes the prosperity to occur. If enough people do it in a macro level.