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What Causes a Recession? Will the U.S. Enter a Recession? with Wharton Prof. Nikolai Roussanov

October 17, 2023 / 00:29

This episode discusses economic recessions, the Federal Reserve's role in managing the economy, and the challenges of achieving a soft landing.

The conversation highlights how external shocks can trigger major recessions, making it difficult for the Federal Reserve to maintain stability.

Key points include the complexities of engineering a soft landing and the potential for unexpected events to disrupt economic recovery.

TL;DR

Economic recessions and the challenges of achieving a soft landing are discussed.

Episode

0:29
00:00:00
yeah it take sometimes uh an external
00:00:02
shock to to cause a really major
00:00:05
recession if no such external shock
00:00:07
comes the FED can slow down the economy
00:00:10
to the level that people would call uh
00:00:12
of a soft Landing the problem is it's
00:00:15
very hard to engineer a soft Landing you
00:00:18
can bring the plane down and then
00:00:19
something happens in the very last bit
00:00:21
right before you hit the runway and all
00:00:22
of a sudden it's not so soft
00:00:27
anymore

Episode Highlights

  • The Challenge of a Soft Landing
    Engineering a soft landing for the economy is incredibly difficult, with risks at the final moments.
    “It's very hard to engineer a soft landing.”
    @ 00m 15s
    October 17, 2023

Episode Quotes

  • It's very hard to engineer a soft landing.
    What Causes a Recession? Will the U.S. Enter a Recession? with Wharton Prof. Nikolai Roussanov
  • Right before you hit the runway, it’s not so soft anymore.
    What Causes a Recession? Will the U.S. Enter a Recession? with Wharton Prof. Nikolai Roussanov

Key Moments

  • External Shock00:02
  • Soft Landing Challenge00:15
  • Final Moments00:22

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