“one economics professor says that it's this kind of a situation with food and gas prices going higher that's going to put us into a recession”Andrei Jikh, relaying another source: Recession will happen
Said on May 9, 2022, at 0:42 in the video.
The window it was checked over
NBER-based recession indicator: Federal Reserve Bank of St. Louis via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.
Result at every window
All windows are shown, so none is pickedSomebody else's forecast — not scored
What was said around it
global food price index we are now seeing food prices hit the highest levels they've ever been ever staples like corn highest it's ever been wheat highest it's ever been soybeans highest it's ever been not to scare anyone but this is kind of scary the united nations food chief said that the war in ukraine has caused a catastrophe on top of a catastrophe and will have a global impact beyond anything we've ever seen since world war ii and that means once again millennials will face a once-in-a-lifetime economic event in fact one economics professor says that it's this kind of a situation with food and gas prices going higher that's going to put us into a recession and when coupled with inflation is going to give us the worst possible economic outcome which is stagflation so in today's video i want to help break down exactly what is the cause of this food shortage and what's going to make it worse by the end of this year and how stagflation actually works and what it would take for us to get there so let's get right into it hi my name is andrei jake hope you're doing well let's talk about the food shortage because on one hand it's absolutely horrible but maybe it's a good way to solve
What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.
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