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So Money with Farnoosh Torabi

1356: Why We Might Be Headed for a Recession and What We Can Do About It

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.71.9K Ratings

🗓️ 13 May 2022

⏱️ 40 minutes

🧾️ Download transcript

Summary

Farnoosh dedicates the entire show to answering audience questions about the possible looming recession. What is a recession? Why are worried it's approaching? Are there any bright spots in the economy? What can stocks tell us about the direction of the recession? How to make the best money moves across savings, investing and borrowing? Referenced sources in the podcast How to Make an Extra $500 a Month Why I-Bonds Can Help With Inflation Worries Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

So money is brought to you by CNET, the site that shows how to navigate change all around us.

0:06.4

So money episode 1356, ask Farnoosh Recession Special.

0:12.7

You're listening to So Money, with award-winning money guru Farnoosh Karabi.

0:17.2

Each day, in a 30-minute dose of financial inspiration from the world's top business minds,

0:22.4

authors, influencers, and from Farnoosh yourself.

0:25.7

Looking for ways to save on gas or double your double coupons?

0:30.2

Sorry, you're in the wrong place. Seeking profound ways to live a richer, happy your life.

0:35.9

Welcome to So Money.

0:39.2

Welcome to So Money, everybody. Friday, May 13th, Friday the 13th.

0:44.2

I'm Farnoosh Karabi. Seems like the right time to be talking about a potential recession.

0:49.2

This whole episode, as I've been teasing, is going to cover recession ground.

0:54.2

All of your questions that have come through about, will we have a recession?

0:58.5

What's it going to mean for my investments?

1:00.6

Should I make big expenses towards the home? What should I do with my budget?

1:04.8

We've got it all covered on this episode. I'm not being an alarmist.

1:08.9

I'm just sensing what you're thinking about. For the past couple of weeks,

1:13.3

people have been writing an unprompted about the recession.

1:16.5

And the headlines have been talking about a potential recession.

1:19.8

The R word has been tossed around a lot lately.

1:23.2

And I've got a lot of thoughts on this.

1:25.2

And I want to first talk about, you know, what is a recession?

1:28.3

Why it's making headlines and then get into your questions.

...

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