The Recession that Isn't Happening

The David McWilliams Podcast

David McWilliams

News & Politics

4.6 • 643 Ratings

🗓️ 11 July 2023

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

We explore why the world is not in a recession despite everything. The US economy simply refuses to buckle under the pressure of high interest rates. A key difference between 2008 and now is that that this time around, the people are not in desperate debt but corporate America is. Companies with lots of debt will struggle. Which big company might go bust first? Look at Twitter and shudder!

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Transcript

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0:00.0	Now, some people like ads, some people don't, and that's okay. But we like to keep everyone happy.
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0:11.1	plus option on Apple Podcasts. And you can listen to this podcast just the way you like it.
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1:21.4	To understand the economy, you have to understand human nature.
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1:38.1	We are going to be discussing a very knotty issue, John.
	...

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