Blanchflower: US May Already Actually Be in Recession

The video discusses the current economic climate, focusing on inflation expectations and recession fears in the US and globally. It highlights how consumer sentiment has been a reliable predictor of recessions, noting its decline in various regions. The discussion includes a comparison with the 2008 recession, emphasizing that markets often lag in recognizing economic downturns. The video concludes with observations on falling inflation and market adjustments.

What factors are contributing to the current recession fears in the US?

How has consumer sentiment changed in relation to recession predictions?

What role did the Federal Reserve's actions play in the recession outlook?

Which countries are mentioned as potentially already being in recession?

What trends in inflation and commodity prices are discussed in relation to the recession?