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Today, Explained

Fear is the economy killer

Today, Explained

Vox

Daily News, Politics, News

4.49.5K Ratings

🗓️ 27 March 2025

⏱️ 27 minutes

🧾️ Download transcript

Summary

The biggest threat to the American economy might be the American consumer’s sour mood. This episode was produced by Miles Bryan and Carla Javier, edited by Jolie Myers, fact-checked by Laura Bullard, engineered by Andrea Kristinsdottir and Patrick Boyd, and hosted by Sean Rameswaram. Transcript at vox.com/today-explained-podcast Support Today, Explained by becoming a Vox Member today: http://www.vox.com/members A "99 cent Up & Less" sign in a Brooklyn neighborhood. Photo by Spencer Platt/Getty Images. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

How worried about a recession are you?

0:04.0

Yes, that's the big question.

0:06.0

I'm on a scale of 1 to 10.

0:08.0

I'm probably somewhere around a 5 or 6 now, which is way higher.

0:13.0

If we had this conversation in January, I think I would have been like a 2.

0:17.0

So it just shows you how much it's jumped up.

0:21.9

You can pick your favorite economist.

0:23.5

I think J.P. Morgan put the recession odds at 40%.

0:26.6

Larry Summers was at 50%.

0:29.5

Goldman Sachs still pretty conservative around 20 to 25%.

0:32.9

But everyone agrees the recession risks have really gone up.

0:37.7

Tariffs, the stock market, doge cuts.

0:40.5

Americans are getting bad vibes from the economy.

0:43.0

But if consumers quit spending, a vibe session could turn into a real session.

0:50.1

I'm John Glenn Hill, guest hosting today's show.

0:53.2

And all this is coming up on today, explained.

0:59.2

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1:02.6

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1:06.9

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1:10.6

Grow with Clavio B2C CRM at KLAVIYO.com forward slash UK.

1:16.1

This episode is brought to you by Vanta, stressing over cybersecurity,

1:20.7

whether you're a startup, growing fast, or already established.

...

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