Ranking the economy on the Scoville test - and applying some whole milk for a soft landing
Podcast here and YouTube up later today
Everyone is anticipating a recession.
It’s kind of like a general sense of foreboding, where everyone is watching a tree get chopped down. It will fall - eventually. It will land - somehow. But there are a lot of questions to answer in the meantime.
We are entering earnings season and the general idea floated by a lot of companies is that some sort of mild recession is coming - but no one really knows what that means. All the Davos people are on their little stage chatting about how the world is going to end - 2/3rds of economists expect a worldwide recession in 2023 but no one knows when or where or how.
The consensus is -
MILD RECESSION: The general idea of a mild recession is that growth isn’t great but things are okay.…
