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How To Put The Economy Into A Coma - Chris Edmond & Steve Hamilton
The Joe Walker Podcast
The Unusual Slowdown in the Economy
In a typical recession, you don't get entire industries that turn, go from one to zero. It's like we're getting that for large chunks of the economy. This is more like what you see in developing economies when there's a sudden capital stop and you get get these huge crashes. So it's super, super concentrated in certain sectors that then has ramifications throughout the whole economy. Some sectors are doing brilliantly well but have this explosion in short term demand - Woolies or anything online. And that's creating problems in that area. The economy is just not experiencing anything like the economy experienced in 2008. You can't think clearly if you're not thinking clearly about how all of these strange
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