2min chapter

Animal Spirits Podcast cover image

Are We Sure a Recession is Coming? (EP.263)

Animal Spirits Podcast

CHAPTER

How High Can the Unemployment Rate Go in Every Recession?

Last week we talked about how high could the unemployment rate go in every recession? And i kind of ball parked it on the show. The average low for before recession is round four per and then where it goes to, on average, after a recession happens, is around eight and a half%. So you essentially get a doubling of the unemployment rate, basically during every recessin ive. We Screened two point four five million air passengers on friday, highest number since february 20. Then two days later, we just hit another record on sunday, two point four six million at airports. I don't see how you could have so many people travelling and spending money, because

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode