A 2023 Economic Forecast You Can Use (with Justin Wolfers)

In the Bubble with Andy Slavitt

Lemonada Media

News

4.6 • 3.5K Ratings

🗓️ 21 December 2022

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

Has inflation peaked? What will the economy look like next year? Are we heading into a recession? What will happen to unemployment and home prices? Andy has a lot of questions, and economist Justin Wolfers has educated predictions. They discuss how COVID continues to impact the supply chain, why unemployment numbers are so low right now, whether or not we’re in a wage price spiral, and some good news around the corner in 2023.

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Transcript

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0:00.0	It's CVS Health, they know the women's physical, mental, and sexual health matters.
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0:21.0	It's CVS Health. Health here happens together. Learn more at CVSHealth.com.
0:28.0	In the bubbles brought to you by well before, where you can get affordable and high quality medical supplies,
0:34.0	ship straight to your door.
0:36.0	It could sometimes be hard to tell which masks are legitimate, KN95s, and N95s.
0:42.0	But well before, has over 40,000 positive customer reviews, and we're recommended by the New York Times.
0:49.0	They have an extensive selection of masks with different sizes, from kids to larger adults,
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1:14.0	Lemonada.
1:24.0	This is in the bubble with Andy Slavitt. This year has had a lot of volatility to it.
1:45.0	We've had an economy that has been really unpredictable.
2:00.0	I think going into the year, we really didn't see this level of volatility projected. People thought there was some inflation, but it would be under control. We even had an episode about a year ago, where it was predicted that this point in time in place would be much lower.
2:16.0	The Fed is just met, and while they did raise rates again, they raised them in a smaller amount. That's significant. That's significant because it means that the Fed believes that indeed inflation is likely to be peaking.
2:35.0	So that creates another set of questions about, okay, well, what will the economy look like next year? If inflation is peaking, if interest rates are going up and that is quickly, or it may stop, are we going to have a recession?
2:48.0	Are we going to start to see job losses? What's going to happen to our assets, our stock market portfolio, if we have one, are home prices?
2:59.0	The rent we pay, all of those things we're going to get into now with Justin Mulfers, who's going to lay out, I think in the most useful way possible.
	...

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