EP5 - Here comes the recession, maybe.
Not sure if everything is expensive or you're just poor? In this episode we review US recessionary indicators and the contrasting set of opinions across the braintrust of economists and bankers.
🔻Are we in a recession? Answering this question reminds me of a childhood game Whac-a-mole. It’s an arcade game where players use a mallet to hit toy moles, which appear randomly, before returning back into their hole. Watching investment banks and government regulators create complex charts and research papers in an attempt to answer the question “are we in a recession?” is a disjointed, inconsistent, and perhaps intentional attempt to keep the masses confused and disinterested.
🚀 In this podcast we break down the basics of a recession by answering:
What is a recession?
Are we in one right now? Will we be in one next month, next year?
Why are there so many different ways to measure a recession?
We also review data from Goldman Sachs, RBC Wealth Management, the Conference Board, and the Bureau of Economic Analysis.
📚 Read the full analysis here:
Part 2: Everyone has our sh*t, and they’re watching us fight over it.
Cover art generated by DALL-E: “An expressive oil painting of economists huddled around a chalkboard predicting the next recession”