“I thought I’d listen. Turned off in the 1st ten seconds when he began explaining the definition of a recession incorrectly as a drop in asset prices. You do not get to redefine common terms of economics. This is the problem these days. People make stuff up. A recession is not simply a drop in asset prices, which were probably over inflated to begin with. (Crypto or GameStop) Asset prices rise and fall every day.That does not make it a recession.A recession is a multi month decline in economic activity, normally I believe measured by GDP, not a drop in asset prices. We are not in a recession, just look at the holiday retail sales and you can tell we are not never session.Though many people of been laid off in the text sector employment is still very high, we are not yet in a recession, technically.”
Cali-M via Apple Podcasts ·
United States of America ·
12/14/22