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Belle of the Ranch

Let's talk about Trump’s ‘recession by design’....

Belle of the Ranch

Belle of the Ranch

Society & Culture

4.91K Ratings

🗓️ 24 March 2025

⏱️ 4 minutes

🧾️ Download transcript

Summary

Let's talk about Trump’s ‘recession by design’....

Transcript

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0:00.0

Well, howdy there, Internet people, it's Bell again.

0:04.8

So today, we're going to talk about Trump's recession by design.

0:10.2

Mark Zandi is the chief economist at Moody's Analytics, and he provided a pretty interesting

0:16.0

view of the current U.S. economic situation, on top of a pretty clear estimate of what he thinks will

0:22.1

happen. He also reiterated two points we've been making here. Okay, so what did he say?

0:30.0

Quote, look, the recession risks are uncomfortably high, and they're rising. I think they're

0:37.0

less than 50-50, but it really

0:39.4

does depend on the president and what he does here. You know, I think if he continues to push on

0:45.3

the tariffs, like, for example, right now, there's a lot of talk about reciprocal tariffs.

0:51.6

That's broad-based tariffs coming into effect in a couple weeks, I think,

0:56.0

early April. If that actually happens, and those tariffs stay in place for any length of time,

1:02.5

a couple, three, four, five months, I think that's enough to push the economy into recession,

1:08.8

given everything else that's going on. So, you know, this would be,

1:14.1

this would be a really weird recession, right? I mean, it's recession by design. Recession by design.

1:23.1

Weird indeed. What a phrase. Humpty Dumpty didn't fall. He was pushed. He seems to be saying that if

1:31.1

Trump follows through with his tariff plans, Humpty will splat on the ground in at most five months.

1:38.0

But he does seem to think there's a chance Trump backs down. Quote, you know, the economy came into the year rip-roaring,

1:48.2

exceptionally strong, and we're pushing it in because of policy. It just doesn't feel like,

1:54.5

you know, that's the direction we need to go. So I suspect the president and the administration

2:00.2

at some point will say, okay, enough already.

2:04.5

But you know, I don't see that with confidence. And those recession risks are high.

2:11.7

Republicans are going to lose their minds at the idea of the chief economist at Moody's analytics,

...

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