moment, but first, president biden in south korea today where he is issuing new warnings to china and north korea. jacqui heinrich is in seoul with the very latest. reporter: good morning to you, david. in case the subtext of the president s trip was not clear enough, he wrapped up his final full day in south korea with a not so veil ised warning the china that they better not invade taiwan, or they ll face at least the same treatment that that russia is getting over its invasion of ukraine. our alliance between our countries is built on shared sacrifice. our joint commitment to the freedom of the republic of korea and our opposition [inaudible] reporter: before his state dinner with south korean president yun, biden sopped to sign a $40 billion aid package funding ukraine s military, having that bill flown to the other side of the world for his immediate signature so there ll be no lapse in funding. the moment underscoring alliance after china buzzed taiwan with a do
we ve seen with this frenzy. at some point it has to stabilize, basic economy. it s important to point out. we re in a very different position now than in 2009. we have that supply problem that you were talking about. we have a limited amount of houses for sale. we have fewer subprime loan problems than in 2009. even if we re in a recession right now, the housing looks like it will be in a pretty good shape coming out of it, no? absolutely. and it s really important to note that people are actually using real estate to hedge against inflation. and builders aren t as foolish as years ago because they didn t believe that millennials would want home ownership. and that s changed. we have a supply chain issue and why i think that supply is going to suffer a bit now with rates increasing, a seller may not want to sell because they have locked in an interest rate that s lower than they would achieve now if they were to purchase. so, i think real estate as a
two straight years, job creation seems to be slowing down. earnings for middle income americans fell some 7% in the past decade. and then there are investments. your i.r.a., your 401(k), your pensions. they re a second road to prosperity. that is complicated in this volatile market. for those of you looking for a safe harbor by investing in fixed income or parking money in the shelter of a bank, you re getting nothing. even our virtually nonexistent inflation is higher than what you re earning. you are being penalized for not taking risks. ironically, owning your home may be the one vehicle to personal wealth that shows signs of some brightness. home prices may have hit bottom and are finally bouncing back. if that s the case, then now is the best time to buy a home or refinance a loan. interest rates are at historic lows. but that s little consolation to scores of homeowners who have seen the value of their homes on average shrink by a quarter since the beginning of the rece
spending and that s because trat decisional path to prosperity is still strewn with debris from the last storm. the big one, the recession. your job and the wage you bring home is the single most important way to build wealth. but despite net job growth for two straight years, job creation seems to be slowing down. earnings for middle income americans fell some 7% in the past decade. and then there rinare investmen. that is complicated in this volatile market. for those of you looking for a safe harbor by investing in fixed income or parking money in the shelter of a bank, you re getting nothing. even our virtually nonexistent inflation is higher than what you re earning. you are being penalized for not taking risks. ironically, owning your home may be the one vehicle to personal we will thaj shows some signs of brightness. home price maze have hit bottom and finally bouncing back. if that s the case, then now is the best time to buy a home or refinance a loan. interest rates