Tue, 24 December 2019
Jason Hartman and his mom take this Christmas Eve to evaluate how the United States was able to go an entire decade without going into a recession. This is something that has never been done before, so why did it happen now? The two listen to a CNBC story and break down each of the points: sometimes agreeing, sometimes pointing out flaws in logic.
Then to cap off the episode, Jason's mom discusses her recent 3 day property tour of the Space Coast and how it reminds her a little bit of California.
[3:14] CNBC clip about the US avoiding a recession for all of the 2010s
[7:00] GDP in the Great Recession dropped over 4% and some believe the unemployment rate (the unofficial one at least) was as high as the Great Depression
[11:57] There was relative price stability in the previous decades, but there was also wage stagnation
[21:47] Jason's mom's best advice for how to figure out what's going on in the economy
[24:09] Will Universal Basic Income become necessary when technology really kicks in?
[27:57] There may not be much of a bust coming because there hasn't been a huge boom
[28:23] Jason's mom's takeaways from her 3 day property tour of the Space Coast