It's Been a Minute This podcast is a recession indicator.
Apr 11, 2025
The discussion kicks off with quirky recession indicators like lipstick sales that hint at economic shifts. The hosts analyze how consumer behavior trends indicate growing caution as people opt for affordable products. They delve into the impact of tariffs on American buying habits, especially in fast fashion. The conversation also touches on America's reliance on international supply chains and the fading of domestic manufacturing. Finally, a fun quiz reveals insights into American preferences for books versus television while engaging listeners in the cultural conversation.
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Recession Definition is Complex
- Economic anxiety often feels like a recession before official data confirms it.
- The common definition of recession as two quarters of negative growth is oversimplified and partly a myth.
Everyday Recession Indicators
- People often cut back on expensive fitness memberships or downgrade plans during economic downturns.
- Others might buy smaller luxury items like lipstick to maintain spirits without splurging.
Skincare Stockpiling Example
- Some people are stockpiling Korean skincare products anticipating price increases due to tariffs.
- However, they should be careful not to overbuy since these products expire.