Thoughtful Money with Adam Taggart cover image

Thoughtful Money with Adam Taggart

"It Will Feel Like A Recession" When Unemployment Hits 4.5% By Year-End | Bloomberg's Anna Wong

Jul 11, 2024
Bloomberg's economic analyst Anna Wong discusses the potential recession signs with GDP growth, rising unemployment, and weak retail sales. Topics cover global economy assessment, fiscal responses to pandemic, challenges in removing Fed Chair, predictions on inflation and unemployment, wealth inequality impact on regular investors, and advice on gaining insights from small details.
01:07:41

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Unemployment may reach 4.5% by year-end, resembling recession indicators.
  • Geopolitical tensions between US-China could disrupt global financial stability.

Deep dives

Unemployment Rate Forecast and Recession Probability

The forecast indicates the unemployment rate is expected to rise to 4.5% by the end of the year, potentially triggering recession indicators. While a higher rate is historically consistent with past recession patterns, reaching 4.5% could already feel like a recession for most Americans.

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