Chapter
The White House and the Technical Recession
02:02 - 08:28 (06:25)
A discussion on the White House's attempt to redefine the technical recession and the simplicity of the past two-quarters-of-negative-GDP-growth definition.
Clips
The trend line of the GDP growth over the past eight quarters has been quite unpredictable due to externalities, with two straight quarters of negative growth recorded in Q1 and Q2 of 2021 so far.
02:02 - 05:54 (03:51)
GDP growth
Summary
The trend line of the GDP growth over the past eight quarters has been quite unpredictable due to externalities, with two straight quarters of negative growth recorded in Q1 and Q2 of 2021 so far. The speaker advises against overreacting to a single quarter's statistics and instead suggests that one takes the longer term view of the situation.
ChapterThe White House and the Technical Recession
EpisodeE89: GDP growth negative in Q2, $SHOP layoffs, Alzheimer's fraud, Ginkgo acquires Zymergen & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The administration has been trying to muddy the waters on the definition of recession as experts debate if we are in or approaching one, based on the two quarters of negative GDP growth model typically used.
05:54 - 08:28 (02:34)
Recession
Summary
The administration has been trying to muddy the waters on the definition of recession as experts debate if we are in or approaching one, based on the two quarters of negative GDP growth model typically used.