Elizabeth Ayoola
👤 SpeakerAppearances Over Time
Podcast Appearances
Well, I can say pretty confidently that we are not in a recession right now. You know, something to keep in mind with all of the recession talk that is bound to increase in volume is that the official dating or declaration of a recession comes from the National Bureau of Economic Research.
Well, I can say pretty confidently that we are not in a recession right now. You know, something to keep in mind with all of the recession talk that is bound to increase in volume is that the official dating or declaration of a recession comes from the National Bureau of Economic Research.
Well, I can say pretty confidently that we are not in a recession right now. You know, something to keep in mind with all of the recession talk that is bound to increase in volume is that the official dating or declaration of a recession comes from the National Bureau of Economic Research.
And generally, they announce an official recession after it's already begun and sometimes not until it's over. So this space between where a recession begins and when it's officially called is is when you look to the experts for their educated opinion on whether we'll look back at the current moment as being in a recession.
And generally, they announce an official recession after it's already begun and sometimes not until it's over. So this space between where a recession begins and when it's officially called is is when you look to the experts for their educated opinion on whether we'll look back at the current moment as being in a recession.
And generally, they announce an official recession after it's already begun and sometimes not until it's over. So this space between where a recession begins and when it's officially called is is when you look to the experts for their educated opinion on whether we'll look back at the current moment as being in a recession.
And with all of the data and information I have available to me today, I would say no, we are not in a recession, and I am not alone in that statement. But for many of the reasons we've discussed today, there is a definite risk of one on the horizon, and that risk increases the longer this trade war continues.
And with all of the data and information I have available to me today, I would say no, we are not in a recession, and I am not alone in that statement. But for many of the reasons we've discussed today, there is a definite risk of one on the horizon, and that risk increases the longer this trade war continues.
And with all of the data and information I have available to me today, I would say no, we are not in a recession, and I am not alone in that statement. But for many of the reasons we've discussed today, there is a definite risk of one on the horizon, and that risk increases the longer this trade war continues.
Well, I really wish I had more eyes for all of the things I'm trying to keep an eye on. But really, I think we've discussed many of the primary indicators that I watch on a regular basis to get a read on the overall health of the economy. One thing that we haven't touched on that I keep my eye on is consumer debt.
Well, I really wish I had more eyes for all of the things I'm trying to keep an eye on. But really, I think we've discussed many of the primary indicators that I watch on a regular basis to get a read on the overall health of the economy. One thing that we haven't touched on that I keep my eye on is consumer debt.
Well, I really wish I had more eyes for all of the things I'm trying to keep an eye on. But really, I think we've discussed many of the primary indicators that I watch on a regular basis to get a read on the overall health of the economy. One thing that we haven't touched on that I keep my eye on is consumer debt.
And this is less of a predictive recession indicator and more of a way to look at how a recession might impact households. So we know debt levels are higher now than they were just a few years ago. And higher debt obligations mean less wiggle room in the budget to absorb financial and economic stressors. So that's concerning to think about in the context of a potential recession.
And this is less of a predictive recession indicator and more of a way to look at how a recession might impact households. So we know debt levels are higher now than they were just a few years ago. And higher debt obligations mean less wiggle room in the budget to absorb financial and economic stressors. So that's concerning to think about in the context of a potential recession.
And this is less of a predictive recession indicator and more of a way to look at how a recession might impact households. So we know debt levels are higher now than they were just a few years ago. And higher debt obligations mean less wiggle room in the budget to absorb financial and economic stressors. So that's concerning to think about in the context of a potential recession.
And when you begin to see higher rates of debt delinquencies, you know households are really struggling. One of my many concerns right now is that should we find ourselves in a situation where a growing number of households are in financial dire straits, are there resources to help them?
And when you begin to see higher rates of debt delinquencies, you know households are really struggling. One of my many concerns right now is that should we find ourselves in a situation where a growing number of households are in financial dire straits, are there resources to help them?
And when you begin to see higher rates of debt delinquencies, you know households are really struggling. One of my many concerns right now is that should we find ourselves in a situation where a growing number of households are in financial dire straits, are there resources to help them?
And with federal grants being cut for community services, like food pantries, for instance, I'm not sure the answer is yes.
And with federal grants being cut for community services, like food pantries, for instance, I'm not sure the answer is yes.