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Rebel Capitalist News

Jeff Snider LIVE (Recession Deep Dive - How Bad Will It Be?)

Rebel Capitalist News

George Gammon

Investing, Business

4.71.1K Ratings

🗓️ 7 April 2023

⏱️ 57 minutes

🧾️ Download transcript

Summary

The Rebel Capitalist helps YOU learn more about Macro, Investing, Entrepreneurship AND Personal Freedom.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello fellow rebel capitals hope you're well I'm here with my good buddy and euro dollar global monetary system expert Jeff Snyder

0:09.2

Jeff we got a lot to talk about my friend do we I thought you know it's pretty boring around here isn't it? I thought

0:15.2

maybe we're going to struggle with topics today. No no we have a lot to talk about. Before we

0:21.7

get into it I want to remind everybody that you are going to be a speaker at rebel capitalist live coming up in Orlando May 12th to the 14th

0:29.5

So everybody's got to get their tickets ASAP at rebel capitalist live.

0:33.6

com.

0:34.4

I don't even know if I told you, but we're a Peter Schiff is going to be there.

0:37.4

Maloney, Mike Maloney, and I just spoke with Bob Murphy.

0:41.2

You know Bob, don't you?

0:42.4

Yes. Yeah, he's going to be there as well. So a lot of fun people, a lot of cool people. I'm really excited for it. So anyway, got to get your tickets ASAP. Jeff, what's on your mind?

0:53.6

I know I've been listening to your podcast,

0:55.5

which is fantastic every single day.

0:58.1

And you're talking about the jobs numbers,

1:02.0

kind of taking a turn for the worse but you also sent out a tweet

1:05.8

last night that I thought was fantastic that the lowest unemployment rate in US

1:11.0

history was followed up by an actual recession one month later.

1:17.0

So I guess we could go ahead and start there.

1:20.0

Well, Janet Yellen said in February, after the big jobs report,

1:25.0

you don't have a recession when the unemployment rate is at a 50 year low.

1:29.0

And I'm like, well, no, that's not true because in fact if you look at recessions throughout history,

1:36.0

what you'll see is that they usually are preceded by a really low unemployment rate.

1:40.4

That's usually where they start. And then, of course, the most ridiculous absurd example is the lowest unemployment rate in modern U.S. history, the modern statistics,

...

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