4.8 • 692 Ratings
🗓️ 22 April 2025
⏱️ 34 minutes
🧾️ Download transcript
Click on a timestamp to play from that location
0:00.0 | Everybody is asking the same exact question right now. |
0:04.9 | Are we headed for a recession? |
0:07.0 | I know a lot of you guys are trying to figure this out. |
0:09.3 | There's tons and tons and tons and tons of videos on this, right? |
0:12.9 | But I think what's happening and what, you know, the moves that are being made right now, |
0:17.4 | especially with the tariffs and kind of what we're starting to see with the European |
0:23.8 | Central Bank. |
0:24.6 | So some of you might know that, you know, when our dollar gets weak, which it's low right now, |
0:33.3 | it affects other currencies. |
0:36.1 | It affects other central banks. And I think, you know, a lot of times |
0:39.8 | people are looking at this like centrally and locally. It's really a processional thing that hits |
0:45.2 | globally. And I think that's the bigger issue. We have a trust issue. We have a safe haven |
0:50.9 | issue around our dollar. And I think it's's it's going to start affecting so we can |
0:57.3 | look at today which we have to look at today of course and pal just got um pal just said he he he thinks |
1:04.3 | we're at maximum employment and we're actually fairly stable on prices that's's what he just said. So the question is, |
1:13.7 | this is why him and Trump are going at it in the news, right? Yeah, because the Fed basically |
1:19.0 | monitors two things. They monitor unemployment and they monitor inflation. And it's confusing |
1:24.5 | for Powell because he's in a tough spot because right now inflation is calming down, |
1:30.5 | but it could easily go back up. And unemployment while increasing is still within the bounds of |
1:37.1 | considered a healthy amount of unemployment. So right now it seems pretty easy to focus on |
1:41.8 | inflation. If unemployment continues to go up, you know, |
1:45.5 | the Fed then isn't kind of a tough bind because they have to then decide. And he basically said |
... |
Transcript will be available on the free plan in 11 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from Ken McElroy, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Ken McElroy and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.