The Walker Webcast Dr. Peter Linneman, Leading Economist, Professor Emeritus, The Wharton School of Business - Part 24
47 snips
Jan 29, 2026 
Dr. Peter Linneman, leading economist and Wharton Professor Emeritus, brings sharp, data-driven perspectives. They tackle Fed cut timing and why rates may fall sharply. They debate rent CPI mismeasurement and multifamily supply dynamics. AI's true impact on jobs and productivity gets a cautious look. Quick forecasts on oil, stocks, and real estate wrap up the conversation.
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Historical View On Productivity Gains
- Peter notes long-term productivity gains historically average ~1.5% from major technological waves.
- He uses electricity and sanitation as examples of past drivers that yielded similar long-run gains.
Rising Prices Signal A Housing Shortage
- Persistent home price gains imply a housing shortage, concentrated in desirable markets.
- Linneman blames zoning, slow approvals, and hookup fees rather than material costs for the shortage.
U.S. Treasuries Backed By Domestic Wealth Creation
- Don't fear U.S. Treasury demand collapsing while the U.S. keeps creating vast net wealth.
- Foreign investors will still allocate to U.S. growth sectors like AI and equities when options elsewhere lag.