Obsession Over Recession Depression: Feeding the Economic HypeBeast.
We just came through the eighth “technical” recession over the past 50 years and many predict that another is around the corner. Depending upon who you believe we might already be in one, we are about to drop off a cliff or it’s only smooth sailing ahead. Today we talk about how to measure a recession, the different character of prior downturns and why it doesn’t really fucking matter to most of us.
Chapters
Intro: 00:00:51
Prologue: 00:01:48
Chapter One: Recessions Defined: 00:05:08
Chapter Two: Recessions of the Modern Era: 00:09:20
Coffee Break: 00:22:33
Chapter Three: Thwart. Mitigate. Or Fuck it. 00:23:43
Chapter Four: Yo Max, we gonna be okay or what? 00:36:01
Post Show Musings: 00:46:20
Outro: 01:03:13
Resources
National Bureau of Economic Research: Business Cycle Dating
The Balance: How Does the Fed Funds Rate Work, and What Is Its Impact?
CBS: Mortgage rates jump above 4% — prompting borrowers to return to a staple of the housing bubble
Macrotrends: Federal Funds Rate - 62 Year Historical Chart
The Conference Board: US Leading Indicators
St. Louis Fed: Personal Saving Rate
Federal Reserve: Distribution of Household Wealth in the U.S. since 1989
Pod Love
The Economist Asks: How will the war in Ukraine change the world economy?
The David McWilliams Podcast: Living with inflation, the story of Turkey
UNFTR Episode Resources
Corporate (Ir)Responsibility (Part I).
Corporate (Ir)Responsibility (Part II).
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