3min chapter

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The Pandemic Broke the Economy (EP.264)

Animal Spirits Podcast

CHAPTER

Is That Really a Recession?

If the unemployment rate bumped up a little to lick four or four and a half %, and incomes didn't fall that much, you right? Is that really a recession? Technically? Maybe the anti government, anti fed people are going to lose their minds if enbur says, sorry, this wasn't a recession. Admitting to disorientation is a sign of honesty and realism. The disorientation economy is a pretty good way to look at this. It's everything is screw ut. By the way, amd, i can have to issue a maaculpa. If the fed puts in a soft landing here, i can having to, is you an apology?

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