There's a very good chance that we could have a recession, right? Just to be lear like, inflation is quite high. The fed is raising interest rates. And what the fed wants to do is slow demand, slow hiring. People losing their jobs is bad, but you know, it might last for a few months,. It might last for six months, and then the economy comes back and unemployment goes back down.
The stock market tumble and crypto crash are symptoms of a broader shift in the US economy. Jacob Goldstein explains the end of the “Goldilocks Era.”
This episode was produced by Miles Bryan, edited by Matt Collette, fact-checked by Laura Bullard, engineered by Paul Mounsey, hosted by Noel King.
Transcript at vox.com/todayexplained
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