Disbelief Stage, No Recession, Culture vs Technology - Daily Live 1.30.23 | E309
Bitcoin & Markets
00:00
Oil Is Having Trouble Breaking Out of $81 $82 Zone
I do think that we're going to have a slowdown in the economy. I went through, I don't know if I actually went through on this, I think I would do it on this stream on Friday or something. So much nominal GDP was 9% in the fourth quarter. In 2021, it was 10%. And that's nominal, right? That's before you subtract price increases or the inflation index. But as we slow from 10% nominal GDP back down to 1% and prices flat line or come back down, right? We are going to see a slowdown big time. Will it be a recession? I mean, not a textbook is probably not going to be a textbook recession
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