The most predicted recession … if it happens at all
Marketplace
Marketplace
4.6 • 8.5K Ratings
🗓️ 17 August 2023
⏱️ 28 minutes
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Summary
Leading economic indicators are stubbornly pointing to a recession that hasn’t shown up. They’re normally a strong signal that a downturn is on the horizon. Could they be wrong this time around? Then, why child care is likely to get even more expensive, how AI summaries could transform product reviews and how subsidized employment programs could fight racial inequity.
Transcript
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| 0:00.0 | Marketplace Morning reports new Skin in the Game series explores what we can learn about |
| 0:04.5 | money and careers from the $300 billion video game industry. |
| 0:09.4 | Plus here how an Oakland-based program helps young people get the skills they need to break |
| 0:14.0 | into this booming industry. |
| 0:16.0 | Listen to Skin in the Game and more from the Marketplace Morning report wherever you get |
| 0:20.5 | your podcasts. |
| 0:23.7 | Jay Powell says follow the data all the time. |
| 0:28.4 | So we will. |
| 0:30.9 | From American public media, this is Marketplace. |
| 0:34.8 | In Los Angeles, I'm Kyle Rizdole. |
| 0:45.8 | It is Thursday, day 17, August could as always to have you along. |
| 0:50.9 | See the economic news of late has been quite good. |
| 0:55.6 | Inflations weigh down. |
| 0:57.0 | GDP looks like it's growing pretty well. |
| 0:59.9 | Retailers are selling a bunch of stuff to consumers who keep on buying, home builders |
| 1:03.6 | are building. |
| 1:04.8 | Just this morning we learned first time unemployment claims are down, but also today. |
| 1:10.0 | A data point that is may be not so encouraging. |
| 1:12.9 | The conference boards monthly index of leading economic indicators. |
| 1:17.4 | It was down in July, and it was down in June, and it was down in May, and it was down |
| 1:21.6 | in April. |
| 1:22.6 | It was down every month back to April of last year, which can't be good, can it? |
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