Recession or Expansion at the Risk of 'Something Stupid'

The video discusses the potential for a recession in the next three years, focusing on factors like Federal Reserve actions and balance sheets. It reviews historical economic expansions, highlighting differences between inflation and credit cycle recessions. Current economic indicators, such as retail sales and Germany's economy, are analyzed. Concerns about future economic challenges, including stagnant wages and poor job quality, are also addressed.

In what ways do balance sheets influence the economic outlook?

What implications could a recession have for consumers and employment?