#343 Bonus: Is the US heading into a recession? Economist Stephen Koukoulas
The Mentor with Mark Bouris
00:00
What Is a Recession?
In 1991, we had inflation around 5.76% of that territory and it was high for us. We also had a ridiculous asset bubble commercial property. And so the Reserve Bank kept slamming on rate hike after rate hike because it wouldn't burst. Seventeen half percent correct was the cash rates at the time. Put that into your mortgage calculator now, folks, and you'll be sick.
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