Economy in Turmoil, or Much Ado About Nothing?
Andrew Yang Podcast
Andrew Yang & Audacy
4.8 • 3.2K Ratings
🗓️ 16 January 2023
⏱️ 46 minutes
🧾️ Download transcript
Summary
Gunjan Banerji, writer for the Wall Street Journal and CNBC, answers your most pressing economic questions: Are we really headed for a recession in 2023? What does the collapse of crypto and Big Tech mean? And will we finally stop hearing about the supply chain this year?
Watch this episode on YouTube: https://youtu.be/OCWzFUFO0Jg
Follow Gunjan Banerji: https://twitter.com/gunjanjs | https://wsj.com/news/author/gunjan-banerji
Follow Andrew Yang: https://twitter.com/andrewyang | https://forwardparty.com
Transcript
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| 0:00.0 | One thing that strikes me is that even for professional investors, economists, forecasters, |
| 0:05.5 | it's really, really, really hard to forecast and time a recession correctly. |
| 0:11.4 | So I think that's something all investors should really keep in mind, |
| 0:14.6 | is that even some of the best Wall Street strategists, economists, if you keep hearing about a recession, |
| 0:19.9 | sure maybe we'll fall into a recession in the first half of this year. |
| 0:22.7 | But maybe we won't, you know, no one got 2022, right? |
| 0:25.9 | So I think it's important to take all of these forecasts with a grain of salt, |
| 0:31.3 | because it's really hard to time the market and kind of position perfectly for these things. |
| 0:58.0 | Drill to have on the podcast today, leads writer for the Wall Street Journal, |
| 1:03.3 | CNBC correspondent, award-winning journalist, Goodjid Banerjee. |
| 1:07.4 | Welcome, Goodjid. |
| 1:09.2 | Thank you for having me, Andrew. I'm really excited. |
| 1:11.8 | I'm excited too, because I have wanted to pick someone's smart spring |
| 1:16.6 | about the markets in the economy of 2023, ever since the year got started, |
| 1:21.3 | which I guess isn't that long. |
| 1:23.0 | But I made a series of predictions at the beginning of the year, |
| 1:26.7 | and one of them was that I thought that there would be an economic recession in 2023. |
| 1:31.6 | And I based that on the fact that I had a bunch of conversations with various investors and CES, |
| 1:37.8 | and let me say that their mood could best be described as lousy. |
| 1:41.5 | Or something like those lines. |
| 1:44.0 | And I put that into my predictions in part, because I wanted to send a message to people, |
| 1:48.3 | it's like, look, this might not be the year of mammoth risk-taking. |
... |
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