Are we on the brink of another recession? In this episode, recorded live on August 2nd, 2024, via Spaces, Josh is joined by George Gammon, the creator of "The Rebel Capitalist Show," to tackle this pressing question. Live callers ask about the Sahm Rule, and Josh and George dive into its nearly flawless record in predicting economic downturns since the 1950s. The conversation heats up as they debate yield curve inversions and their historical significance as a warning sign for recessions. The discussion expands to include critical insights into consumer behavior trends, highlighting the financial strain many face in affording everyday items, and what these indicators suggest about the economy's health. Callers also debate the effects of government spending, weighing its short-term benefits against potential long-term economic distortions. Josh and George explore investment strategies, focusing on gold, T-bills, and strategic call options as ways to navigate uncertain markets. The episode closes with an engaging conversation about inflation, deflation, and practical approaches to staying financially resilient during turbulent times. Can't get enough of the Financial Quarterback? Click 'Subscribe' to never miss a play. New episodes touchdown right here! Loving the playbook? Drop us a 5-star rating and share your thoughts in a review. Your feedback fuels the game plan!