Camisetas Sunderland
Silicon Valley bank imploded. Taylor Swift started her Eras tour. We entered the debt ceiling debate yet again. OpenAI blah blah. Labor market housing market stock market crypto again somehow inflation federal reserve sentiment gas prices fear.
This year has been tiring for many people, for a lot of reasons
Good things: We managed to skirt a recession (again!) and get inflation down (somehow!) and maintain a relatively strong labor market (excellent!), and still grow the economy. There were historic labor movements, like the UAW strike, that allowed employees to demand more from their employers
.
So many economists were wrong. Everyone thought that we would be in a recession this year. In 2022, Bloomberg had this post stating that there would be a Forecast for US Recession Within Year Hits 100% in Blow to Biden and that sentiment carried into 2023.
Wrong! 85% of economists thought that we would be in a recession by end of 2023.
Big wrong! And we weren’t! Everyone learned a lot of valuable lessons on how the economy works in the post-pandemic world. As Adam Ozimek writes in The Simple Mistake That Almost Triggered a Recession why they were wrong, with ‘their pessimistic views about the labor market’ being a main issue.
We learned that we don’t have to destroy the economy in order to save it.
Full article:
0:00 Intro
03:31 Vibes
05:17 Federal Reserve
08:47 Fiscal Policy
11:45 The Ladder
14:57 Labor Market
18:20 Stock Market
20:20 Housing Market
23:30 Inflation
27:09 In General
36:05 Predictions
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DISCLAIMER: This video does not provide investment or economic advice and is not professional advice (legal, accounting, tax). The owner of this content is not an investment advisor. Discussion of any securities, trading, or markets is incidental and solely for entertainment purposes. Nothing herein shall constitute a recommendation, investment advice, or an opinion on suitability. The information in this video is provided as of the date of its initial release. The owner of this video expressly disclaims all representations or warranties of accuracy. The owner of this video claims all intellectual property rights, including copyrights, of and related to, this video.
love to see more crypto content on this channel 😉
Unemployment numbers = ducks
Skeptical that increasing immigration will lead to GDP increase rather than just worsening our housing and healthcare crisis. Look at Canada and the UK…. Historically it seems that long periods of increased immigration typically have an inverse relationship with QOL and real wages. Thinking about the gilded age and 1965 – present.
Happy New Year @kyla when do we have 2024 economic prediction video, may a bingo card.
Thanks for sharing all this knowledge, Kyla! I actually learn shit when I watch your videos on instagram and YouTube.
I prefer the YouTube vids cuz I can put it on when I’m doing something else, and then rewind when I inevitably miss something or need to look something up. It’s clear you’re putting a lot of work into these, and we seriously don’t know what’s going on 😅😅😅 so thanks!
Air headed woman babbling about economy ……. After 30 minutes of babbling , she came to the conclusion that she had no idea what 2024 would be like !
What a waste of my time !
word of the year for 2023 should have been "vibecession"
Kyla, I am so grateful for your work. Your use of data, literature, economics and philosophy are so eloquent. The clarity and conciseness of your thesis cannot be understated. I believe you are definitely on the right track with your predictions for this year and the years ahead and that these are not just your thoughts, but the thoughts and predictions of many others and that of your followers. Thank you for your work.
I don’t think a soft landing has been achieved. Doesn’t the recession typically occur 11-18 months after the last interest hike? With all the Covid programs in place people weren’t getting evicted from their homes. That changes come December 1st. What about FHA delinquencies? And what about business ‘s having to refinance their debt at a much higher rate in the coming months
I hate to comment when there's currently 69 comments, but god damn Kyla you are doing such incredibly Good and important work. Capital-G Good.
KYLA! thank you so much for subtweeting bill ackman. like literally does he ever shut up? it’s so narcissistic at this point
Kayla you definitely hit on great points in the big picture of things. A breakdown of certain areas that are actually improving smaller mid metropolitan growth development vs huge cities declining.
Thanks Kyla
Kyla I see a bright spark in you. I follow on tiktok as well, I’m sure you will go far. Maybe one day our paths will align, we are similar in many ways from my admittedly parasocial perspective.
How can this have only 5K views ? The scope of this video is staggering. I'm inspired to create an in-person arts event that will re-attach social bonds broken since 2020. Thank you.
"The past is a foreign country but we all have this vivid delusion that we lived there for a long time and no everything about it" I love this
bonkers thanks for making this
Just want to say, its been quite a transformation to see you go from tiny mic to professional mic. Thank you for upgrading it sounds so much better.
This was so bad…
Uncertainty and vibes… Keynes' animal spirits…. wow…
The level of economic thinking is low to none-existing.
Is that greed?
Yes.
Please always keep the memes in your content
Absolutely bonkers how you incorporate so many disciplines from economics, literature, and philosophy to online trends to tell such a cohesive and accurate picture of the human condition… thanks for doing what you do and please don't stop!! Happy new year!
Mind blown.
Starting to watch your content more regularly! Love the granularity compared to other channels
This was soo meta. Namaste.
This is so well done! When you talk about convergent evolution and sameness it sounded a lot like byung chul han in “the burnout society” maybe worth a quick read
Great Content Kyla! I found you from Ben and Emil
My catgirl gf is NOT weird!
Truly one of the most beautiful and evidence based recaps of the last 365 days, here’s to the next 365 days as they unfold with or without us!
There's actually more women using AI BF's/Emotional Support than men . I read something like 3.5 to 1.
Quality content!!
a lot of economics feel like pseudoscience…
Hope you're doing okay, Kyla!
Happy new year Kyla!
Incredible content, love when you include wide perspective quotes from individuals.
i'm in love with you
Love your videos and idealism Kayla! Hope to see more from you in 2024
Zoning & parking minimums are the biggest factors in the housing crisis. We tried building basically only SFHs for 40 years, and now here we are with shitty commutes, sprawl, and overpriced cities.
I LOVE THE INTRO!! KEEP UP THE AWESOME videos:) love them ALLLL u are so smart !!
Such a legend…
Incredible insight Kyla, your unique perspective is a blessing to all fortunate enough to hear it.
This video was so powerful, thank you for sharing.
Loved ur video helped me process a lot. Being a electrician this past year, could you make a video on the trades future. Much luck from CO
"Things aren't what they used to be' is the rallying cry of small minds. When men say things used to be better, they invariably mean they were better for them, because they were young, and had all their hopes intact. The world is bound to look a darker place as you slide into the grave"
Babe wake up! A 40 Minute Video from Kayla Scanlon just dropped.
Brilliant and profound, you’ve put words to what I’ve been feeling for ages, please continue the work you do, thank you
The economy is fine *shows pictures of tulips*😆
"another day ….another victory for the OG"