Welcome to the Money Tree Investing Podcast.

Stock market, wealth, personal finance, value stocks, invest in your life.

Hello, Smart Money Tree Podcast listeners. Welcome to this week's show. My name is Kirk Chisholm and I'll be your host.

And once again, join with my good friend Doug Hagerin. Hey Doug.

Hey, Kirk, good morning. How you doing today?

Doing great. Just got back from vacation. And as you might imagine, my first week back,

it was twice as bad as the week before I left. So it makes you wonder if you should go on vacation nowadays. I'm feeling as optimistic as a millennial day trader. I mean, life is good.

Just as naive. What are you talking about,

Kirk? Maybe we should address that today. Maybe we will. We've got lots of stuff to talk about,

as you might imagine, there were tons of earnings this week, both good and bad. But one thing we wanted to talk about as we start off here,

before we get into kind of like earnings and all that, we wanted to get into, as you might imagine,

the economy and housing. And I want to start with this chart here because I think it's really

interesting. We've shown this on the show before. There's a chart which we call the Hope Chart. We didn't create it. I forget the guy's name we did. But basically, the Hope Chart talks about recessions. Now, we had earning, big earnings week. And inevitably, people are talking about, where's this recession?

Where's the recession everyone's been talking about for like the last year and a half?

Where is it?

Is it coming tomorrow?

Is it coming next year?

Did it already happen?

People seem really confused by this.

And I think what's interesting is that in the past, 2008, for example, or early 2000s as another example, those are the most recent recessions that we recall.

And I'm not including 2020 because that was a little bit different, but even if you include

that, people assume a recession means the stock market's going to crash, everything's going to go

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