Is it a recession or a banana?
The Right says we are in a recession, the Left says we are not. Who is right? The answer may surprise you.
Here’s a YouTube link and a lightly edited transcript to my August 5 podcast.
It’s a two-part discussion. Part One asks the question, Are we in a recession or not? I guarantee you will learn enough to win either side of the argument at the pub tonight.
Part Two tackles a more serious question: What will the Fed do in the next severe recession? I believe they will unveil some powerful new tools to intervene directly in the industrial economy.
I recommend listening at 1.25x. The transcript is included for those who prefer to read.
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HardmneyJim