The Natural Cycle of Recessions: Praying for a Recession

Recessions are a natural part of the economic cycle, and some argue they can be healthy. The speaker suggests that a recession would benefit young people by providing opportunities to buy stocks and assets at a reasonable rate. They also criticize the government's efforts to prop up the markets, viewing it as a transfer of wealth from the young to the old. The speaker emphasizes that economic strain can lead to a rebalancing of power. While they acknowledge the negative impacts of a pandemic, they consider a downturn in the NASDAQ to be even more tragic.