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The Recession Is Coming Faster Than Most Admit
Jerremy and Dave hear from James Klein on why a recession is likely 3-6 months away with conditions like the Jimmy Carter era. Sustained high oil prices will drive inflation and limit rate cuts. AI helps with repetitive work but creates garbage output and favors a few big companies. Klein argues trades are understaffed and entrepreneurship is far harder than the hype suggests.
Timestamps:
(00:00) The recession is already showing signs and capital will decide who survives it
(00:19) 3-6 months until a painful 1970s-style downturn with job losses ahead
(00:45) Oil prices, inflation and interest…
The skinny
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