Claudia Song

Yes, you know, the stuff you need to know to fully unspool the macroeconomic implications of the babysitter bug.

And also, for that matter, there's no official definition of recession. Generally speaking, you'll hear that a recession is when the U.S. economy contracts for two straight quarters. But the reality is an official group of economists get to make the recession call.

And also, for that matter, there's no official definition of recession. Generally speaking, you'll hear that a recession is when the U.S. economy contracts for two straight quarters. But the reality is an official group of economists get to make the recession call.

And also, for that matter, there's no official definition of recession. Generally speaking, you'll hear that a recession is when the U.S. economy contracts for two straight quarters. But the reality is an official group of economists get to make the recession call.

I always think that it's a business cycle committee that is like dating each other, but that's not what it is.

I always think that it's a business cycle committee that is like dating each other, but that's not what it is.

I always think that it's a business cycle committee that is like dating each other, but that's not what it is.

Thoughtful, thorough, the... They are months behind the news to some degree, sort of the exact opposite of, you know, real social media influencers.

Thoughtful, thorough, the... They are months behind the news to some degree, sort of the exact opposite of, you know, real social media influencers.

Thoughtful, thorough, the... They are months behind the news to some degree, sort of the exact opposite of, you know, real social media influencers.

But also, are you familiar with the hip-hop artist Flava Flav?

But also, are you familiar with the hip-hop artist Flava Flav?

But also, are you familiar with the hip-hop artist Flava Flav?

This is economist Claudia Song. Famously wore clocks around his neck.

This is economist Claudia Song. Famously wore clocks around his neck.

This is economist Claudia Song. Famously wore clocks around his neck.

Some astute viewer has noticed in a recent video his clock seems to have shrunk. Recession indicator. Thoughts?

Some astute viewer has noticed in a recent video his clock seems to have shrunk. Recession indicator. Thoughts?

Some astute viewer has noticed in a recent video his clock seems to have shrunk. Recession indicator. Thoughts?

The idea here being that men will start pinching pennies by maybe not buying new skivvies leading up to a recession. So underwear sales, a leading indicator of recessions. Also, there is something called the Lipstick Index.