Anna Helhoski
π€ SpeakerAppearances Over Time
Podcast Appearances
The timeline for recessions have been anywhere from two months to several years. Now, the recession during the COVID lockdown in spring 2020 only lasted two months, and that was the shortest one on record. Now, the longest recession ever was actually after the Civil War, and it lasted more than five years. Next would be the Great Depression, which lasted from 1929 to 1938.
The timeline for recessions have been anywhere from two months to several years. Now, the recession during the COVID lockdown in spring 2020 only lasted two months, and that was the shortest one on record. Now, the longest recession ever was actually after the Civil War, and it lasted more than five years. Next would be the Great Depression, which lasted from 1929 to 1938.
So since 1948, which we can call the modern era, there have been 12 recessions, and most of those recessions lasted just one year. But there were a few that lasted for two, including the Great Recession, which kicked off in 2007 and ended in 2009. So it's important to remember that economic declines begin before a recession is officially declared.
So since 1948, which we can call the modern era, there have been 12 recessions, and most of those recessions lasted just one year. But there were a few that lasted for two, including the Great Recession, which kicked off in 2007 and ended in 2009. So it's important to remember that economic declines begin before a recession is officially declared.
So since 1948, which we can call the modern era, there have been 12 recessions, and most of those recessions lasted just one year. But there were a few that lasted for two, including the Great Recession, which kicked off in 2007 and ended in 2009. So it's important to remember that economic declines begin before a recession is officially declared.
So things are shaky before it's technically a recession. Now, some recessions are mild and they end quickly. With others, the bounce back takes longer, so the effects can linger even after it's technically over.
So things are shaky before it's technically a recession. Now, some recessions are mild and they end quickly. With others, the bounce back takes longer, so the effects can linger even after it's technically over.
So things are shaky before it's technically a recession. Now, some recessions are mild and they end quickly. With others, the bounce back takes longer, so the effects can linger even after it's technically over.
Yeah, you're right, Elizabeth. The economy is still generally okay, but there are some recent economic indicators and general mood that has consumers concerned and experts raising red flags. There's just still so much uncertainty. I'll get into those specific signs in a minute, but something telling happened earlier this month that didn't exactly quell fears.
Yeah, you're right, Elizabeth. The economy is still generally okay, but there are some recent economic indicators and general mood that has consumers concerned and experts raising red flags. There's just still so much uncertainty. I'll get into those specific signs in a minute, but something telling happened earlier this month that didn't exactly quell fears.
Yeah, you're right, Elizabeth. The economy is still generally okay, but there are some recent economic indicators and general mood that has consumers concerned and experts raising red flags. There's just still so much uncertainty. I'll get into those specific signs in a minute, but something telling happened earlier this month that didn't exactly quell fears.
In an interview with Fox News on March 9th, President Trump wouldn't deny the possibility of a recession when he was asked.
In an interview with Fox News on March 9th, President Trump wouldn't deny the possibility of a recession when he was asked.
In an interview with Fox News on March 9th, President Trump wouldn't deny the possibility of a recession when he was asked.
What are the economists saying, though? Economists are pretty much aligned. Right now, there's certainly a higher risk of recession than, say, last year, but they're watching and waiting. And on March 10th, former Treasury Secretary Larry Summers posted on X that he was projecting close to a 50-50 chance of a recession in 2025.
What are the economists saying, though? Economists are pretty much aligned. Right now, there's certainly a higher risk of recession than, say, last year, but they're watching and waiting. And on March 10th, former Treasury Secretary Larry Summers posted on X that he was projecting close to a 50-50 chance of a recession in 2025.
What are the economists saying, though? Economists are pretty much aligned. Right now, there's certainly a higher risk of recession than, say, last year, but they're watching and waiting. And on March 10th, former Treasury Secretary Larry Summers posted on X that he was projecting close to a 50-50 chance of a recession in 2025.
And the UCLA Anderson forecast put the nation on a recession watch and said that if Trump's promised policies on trade, deportations, and workforce reductions are fully enacted, it could trigger a recession in the next year or two. And also last week, Federal Reserve Chair Jerome Powell said that the chance of an upcoming recession had risen, but the probability is still not high.
And the UCLA Anderson forecast put the nation on a recession watch and said that if Trump's promised policies on trade, deportations, and workforce reductions are fully enacted, it could trigger a recession in the next year or two. And also last week, Federal Reserve Chair Jerome Powell said that the chance of an upcoming recession had risen, but the probability is still not high.
And the UCLA Anderson forecast put the nation on a recession watch and said that if Trump's promised policies on trade, deportations, and workforce reductions are fully enacted, it could trigger a recession in the next year or two. And also last week, Federal Reserve Chair Jerome Powell said that the chance of an upcoming recession had risen, but the probability is still not high.