How does the speaker view the Federal Reserve's predictions regarding recession?
GMO's Grantham Says Fed's Soft Landing Call Is Wrong
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The video discusses the concept of economic bubbles, focusing on the current state of the tech bubble and the 2021 bubble. It predicts a potential recession and a decline in stock prices, contrasting with the Federal Reserve's optimistic outlook. The speaker criticizes the Federal Reserve's track record in predicting recessions, especially after major economic bubbles.
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What historical context does the speaker provide regarding the Federal Reserve's ability to predict recessions?
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