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Is This the Recession the US Needs to Have?

Economics Explained
Economics Explained
Episode • May 26 • 16m

The world faces a staggering $315 trillion debt crisis—three times global GDP! Are we on the verge of economic collapse with 10% of production going to interest payments? From meme coins exceeding major car manufacturers' values to escalating trade threats and actual wars, could a recession be the wake-up call we need? Or will it harm workers and small businesses while the wealthy exploit the situation? We examine why we avoid economic hardship, who suffers the burden, and whether this turmoil could lead to a more enlightened future or total disaster! Don’t miss our analysis on the trade war.

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