The End of Recessions?, with Ben Carlson

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.6 • 3.4K Ratings

🗓️ 18 August 2021

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

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Summary

#333: In the 1890s and early 1900’s, we had recessions every two years. From 2009 to 2020, we enjoyed an 11-year bull run, the longest bull run in history. And when we finally had a recession, it lasted only two months. It was the shortest recession in U.S. history. The duration between recessions is growing longer (these days, we average 10 years between recessions, as opposed to two years at the turn of the previous century). And when recessions strike, we recover faster. The average length of recessions is growing shorter. What does this mean? If we project these trends into the future, are we bound for the end of recessions? That’s the question that kicks off this discussion with Ben Carlson, Director of Institutional Asset Management at Ritzhold Wealth Management and the host of the Animal Spirits podcast. For more information, visit the show notes at https://affordanything.com/episode333 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	You can afford anything, just not everything.
0:11.0	Every choice that you make is a trade-off against something else, and that doesn't just
0:14.6	apply to your money, that applies to your time, your focus, your energy, your attention.
0:20.0	That applies to anything in your life that's a scarce or limited resource.
0:23.8	Saying yes to something, implicitly means turning away all other opportunities, and that
0:29.4	happens up to questions.
0:31.2	First, what matters most?
0:33.0	And second, how do you align your decision-making around that which matters most?
0:39.6	Answering these two questions is a lifetime practice, and that's what this podcast is
0:43.5	here to explore and facilitate.
0:46.4	My name is Paula Pant, I'm the host of the Affordable Care Foundation, and today we
0:51.0	ask the question, where have all the recessions gone?
0:55.4	Back in the late 1800s, early 1900s, there were frequent recessions.
1:00.6	With the average duration being approximately two years in between recessions, today,
1:06.8	the duration between recessions is significantly longer in recent history it's averaged eight
1:10.9	to ten years, which means the frequency of recessions has declined.
1:17.0	And while the severity has not changed, a recession when it strikes could be as severe as
1:24.0	it was in the past, yet the length of that recession, the duration of the recession has
1:29.6	shortened quite a bit, with our most recent recession being only two months long.
1:35.6	So we have fewer, quicker recessions.
1:39.8	And we kick off today's episode with a conversation about whether or not we should learn to expect
1:46.3	this.
	...

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