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Claudia Song

👤 Person
156 total appearances

Appearances Over Time

Podcast Appearances

Planet Money
How economists (and TikTok) know if a recession is coming

And the SOM rule works for a couple of reasons. Number one, it identifies trends and not just the jittery ups and downs of month-to-month job numbers because it's using an average. So if the SOM rule triggers, you can be sure that unemployment is really going up. It's not a fluke.

Planet Money
How economists (and TikTok) know if a recession is coming

And the SOM rule works for a couple of reasons. Number one, it identifies trends and not just the jittery ups and downs of month-to-month job numbers because it's using an average. So if the SOM rule triggers, you can be sure that unemployment is really going up. It's not a fluke.

Planet Money
How economists (and TikTok) know if a recession is coming

And the SOM rule works for a couple of reasons. Number one, it identifies trends and not just the jittery ups and downs of month-to-month job numbers because it's using an average. So if the SOM rule triggers, you can be sure that unemployment is really going up. It's not a fluke.

Planet Money
How economists (and TikTok) know if a recession is coming

OK, so then what does the SOM rule say about whether there is a recession right now?

Planet Money
How economists (and TikTok) know if a recession is coming

OK, so then what does the SOM rule say about whether there is a recession right now?

Planet Money
How economists (and TikTok) know if a recession is coming

OK, so then what does the SOM rule say about whether there is a recession right now?

Planet Money
How economists (and TikTok) know if a recession is coming

That's right. It is okay to upsize your necklace clock. Men, it is okay to buy new underwear. Men, you can buy new underwear. Please do buy new underwear. Because in this moment, we are not in a recession according to the Psalm rule. What is the best part and worst part of having a recession indicator named after you?

Planet Money
How economists (and TikTok) know if a recession is coming

That's right. It is okay to upsize your necklace clock. Men, it is okay to buy new underwear. Men, you can buy new underwear. Please do buy new underwear. Because in this moment, we are not in a recession according to the Psalm rule. What is the best part and worst part of having a recession indicator named after you?

Planet Money
How economists (and TikTok) know if a recession is coming

That's right. It is okay to upsize your necklace clock. Men, it is okay to buy new underwear. Men, you can buy new underwear. Please do buy new underwear. Because in this moment, we are not in a recession according to the Psalm rule. What is the best part and worst part of having a recession indicator named after you?

Planet Money
How economists (and TikTok) know if a recession is coming

No, no. For that, we turn to Professor Menzi Chin. He teaches economics at the University of Wisconsin-Madison and has spent years studying our collective ability to predict recessions.

Planet Money
How economists (and TikTok) know if a recession is coming

No, no. For that, we turn to Professor Menzi Chin. He teaches economics at the University of Wisconsin-Madison and has spent years studying our collective ability to predict recessions.

Planet Money
How economists (and TikTok) know if a recession is coming

No, no. For that, we turn to Professor Menzi Chin. He teaches economics at the University of Wisconsin-Madison and has spent years studying our collective ability to predict recessions.

Planet Money
How economists (and TikTok) know if a recession is coming

Well, let me ask you this. Have you noticed that maybe your students are perhaps a bit more interested in talking about recession indicators? Absolutely. I would say possible recession indicator.

Planet Money
How economists (and TikTok) know if a recession is coming

Well, let me ask you this. Have you noticed that maybe your students are perhaps a bit more interested in talking about recession indicators? Absolutely. I would say possible recession indicator.

Planet Money
How economists (and TikTok) know if a recession is coming

Well, let me ask you this. Have you noticed that maybe your students are perhaps a bit more interested in talking about recession indicators? Absolutely. I would say possible recession indicator.

Planet Money
How economists (and TikTok) know if a recession is coming

And the predictor of recessions Menzies wound up studying?

Planet Money
How economists (and TikTok) know if a recession is coming

And the predictor of recessions Menzies wound up studying?

Planet Money
How economists (and TikTok) know if a recession is coming

And the predictor of recessions Menzies wound up studying?

Planet Money
How economists (and TikTok) know if a recession is coming

So the yield curve is simply a graph. Showing all of the different interest rates that you would get for all of the different kinds, different durations of U.S.

Planet Money
How economists (and TikTok) know if a recession is coming

So the yield curve is simply a graph. Showing all of the different interest rates that you would get for all of the different kinds, different durations of U.S.