THE ECONOMIC REPORT- OPPORTUNITIES EXIST EVEN IN A FAILED ECONOMY-BOB KUDLA
The Common Sense Show
The Common Sense Show
4.2 • 680 Ratings
🗓️ 6 December 2023
⏱️ 51 minutes
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THE ECONOMIC REPORT- OPPORTUNITIES EXIST EVEN IN A FAILED ECONOMY-BOB KUDLA
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| 0:00.0 | Science proves that a healthy immune system is your body's first defense against the smallest ailments to the most catastrophic. |
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| 0:32.6 | Hey Dave Hodges here, host of the Common Sense Show. Thank you so much for joining us. |
| 0:37.3 | And as we see the economy |
| 0:38.9 | take all these twists and turns, I wanted to get Bob Kudla from Trade Genius back on the air. |
| 0:45.5 | You guys really were complimentary of the information that he put out a few weeks ago when we last |
| 0:51.7 | had him on. And certainly things are things are in some cases going from bad |
| 0:56.7 | to worse but there's always a silver lining and we're going to hit some of those silver linings |
| 1:02.3 | to your benefit and gentlemen so here let me adjust equipment right here where it should be |
| 1:08.2 | we should be good to go okay all. All right. Anyway, just love the technical stuff. |
| 1:14.9 | But Bob, welcome to the show. Glad you could join us. And I'm getting tons of information on the |
| 1:22.4 | economy, and most of it's negative. And I think you think we're probably pretty close to having a recession formally declared. |
| 1:34.2 | Yeah. |
| 1:35.1 | Just so people know, to my view on a recession, you and I are probably similar is if growth rate is below the inflation rate, we're contracting. |
| 1:44.2 | You know, even though the numbers might be higher, it's kind of false information. |
| 1:48.0 | But, you know, the information that we're starting to see this week is that they're going to |
| 1:52.4 | probably officially announce October as the official start of the recession because they look |
| 1:58.6 | at an unemployment rate. |
| 2:00.0 | If people are unemployed for X amount of period of time, and that rises by 15%, then |
| 2:07.5 | that's an official, officially a recession signal, and it's at 28%. |
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