9min chapter

The Compound and Friends cover image

The Year Everyone Got Wrong

The Compound and Friends

CHAPTER

Economists Predicted Recession, but Witnessed Economic Growth Instead

The chapter discusses how economists and experts predicted a recession at the beginning of the year, but instead witnessed incredible economic growth. They highlight the surprising resilience of the economy in the face of interest rate hikes and the positive performance of the stock market and home prices. The speakers also discuss the concept of raising interest rates to stimulate the market and touch on the topic of inflation and its impact on avoiding a recession.

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