11/30/22: Recession Predictions and Kari Lake's "Fight"
The David Pakman Show
David Pakman
4.8 β’ 6.2K Ratings
ποΈ 30 November 2022
β±οΈ 59 minutes
ποΈ Recording | iTunes | RSS
π§ΎοΈ Download transcript
Summary
Transcript
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| 0:00.0 | Let's start today with the economy. |
| 0:18.7 | Is a massive recession coming? |
| 0:21.9 | Is question one? |
| 0:23.8 | One two is if so or if not, what if anything should you or I or anybody else be doing |
| 0:31.5 | about it? |
| 0:32.5 | We're seeing increasingly hyperbolic predictions about just a massive global and American |
| 0:39.4 | recession coming. |
| 0:41.0 | Is one coming? |
| 0:42.0 | I have no idea. |
| 0:43.7 | If you're waiting for me to give my opinion, I have absolutely no idea whether a massive |
| 0:48.6 | recession is coming, but really neither does anybody else. |
| 0:51.8 | So let's talk through it and explain. |
| 0:54.0 | First of all, as a general reality, humans aren't good at making economic predictions, |
| 1:00.2 | which is just not good. |
| 1:01.9 | And secondly, when there are so many predictions floating around, someone is predicting everything. |
| 1:10.2 | Somebody is bound to be right just by chance. |
| 1:12.5 | So you've got all the people predicting a recession in a week and then in a month and |
| 1:16.1 | then in six months and over the next 12 to 18 months over the next two years or no recession, |
| 1:20.8 | that's all going to be great. |
| 1:22.5 | Somebody's bound to get it right just by chance and by the fact that we have 330 million |
| 1:27.0 | people in the United States, many of whom are making economic predictions. |
| 1:30.5 | That's number two. |
... |
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