Economic crises can and do happen. But for every true crisis, there are many false alarms, says economist Philipp Carlsson-Szlezak. He explains how to live with the media’s pervasive economic doomsaying, why we should stop treating financial forecasts like a precise science — and what we should embrace instead.
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@josholunlade
April 1, 2024 at 7:27 am
Don’t outsource your judgement to the news 💯.
@mingy7017
April 1, 2024 at 7:40 am
My judgment tells me that doomsayings about my countries economy is not wrong for the least. I’m from China.
@BZX0
April 1, 2024 at 7:43 am
This is all great, but what will be in economy after the elections in USA? This what we need to know. Providing emergency aid to regional banks in the form of a liquidity package like NY Community is not a good sign, reminiscent of the 2007-2008 situation. If all was well, gold would not have shown such clear upward signals similar to those in 2008. But it is still worth agreeing to be a rational optimist.
@kk-xj5oz
April 1, 2024 at 8:05 am
It’s not about the doom of economy, the fact is the economy is a pyramid scheme that works great for the rich bad for the rest.
@zakw4540
April 1, 2024 at 8:13 am
This dudes kids wont have air to breathe in 2060 and hes worried about what the new york times said in 2008.
@fletcherjacobs3688
April 1, 2024 at 12:01 pm
Please tell me more about the year 2060
@lostcamper
April 1, 2024 at 12:45 pm
Xx
@cheweperro
April 1, 2024 at 8:26 am
This is a very limited, narrow, view
Look at inequality and standards of living, look at corporate consolidation and the overshoot of the planetary boundaries.
Disappointed with TED.
@chesterkendra5224
April 1, 2024 at 8:33 am
So we’re to believe that everything is fine.? Are You OUT OF YOUR MIND !!!! What were they saying before the great depression?
@christiansoldier1547
April 1, 2024 at 8:36 am
No such thing as ” fixing ” problems anymore ?? Just learn to live with it. Not my kind of motivatiinal speaker…
@SyntheticFuture
April 1, 2024 at 8:39 am
Economics don’t follow laws and logic because it’s essentially a hand full of people using their gut to make determinations. From a scientific point of view it’s almost random. It’s also not based on anything but gut feeling.
A war starts. So obviously suddenly all possible resources will be scarce so all prices have to increase even when that is kot remotely true. Economy thrives on fear mongering.
@pablogaxiola
April 1, 2024 at 9:08 am
This is definitely what a ted talk is not.
This is a pep talk; and a useless one.
@klw224
April 1, 2024 at 9:38 am
What he DOESN’T say at the beginning: 1. The definition of “Recession” was changed, so now it can be said that one never occurred. 2. Employment did have a positive stint at one time after the pandemic, because minimum wage positions were open to hiring again (many establishments used the excuse of Covid for not hiring). They weren’t new jobs. The economy has suffered (employment, inflation, housing).
We should always try to be grounded and not have a doomsday mindset, but we also need to understand the whole picture. Not keep our heads in the sand and believe everything we’re told (good and bad).
@gebrekidan6013
April 1, 2024 at 9:54 am
like
@alexandrugheorghe5610
April 1, 2024 at 10:21 am
Or we live in attention-monopoly market where everyone tries to capture your time (and money) by capturing your attention. Negativity bias.
@artacademy5521
April 1, 2024 at 10:28 am
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@arhein5455
April 1, 2024 at 10:47 am
Nations and people are more and more getting poor. A few people are getting incredibly rich. Just ignore that and be optimistic?
@evilpanky
April 1, 2024 at 10:53 am
Philipp Carlsson-Szlezak is managing director and partner of the BCG Henderson Institute, Boston Consulting Group’s think tank. i.e. private equity consulting. He’s incentivised to keep people optimistic about the economy.
@travelingtophe
April 2, 2024 at 6:03 am
What’s the problem with that? Is anyone unbiased, really?
@evilpanky
April 2, 2024 at 8:31 pm
@@travelingtophe Such conflicts of interest are sometimes unavoidable, but the usual is to disclose them before continuing the talk.
@debyte
April 4, 2024 at 5:05 am
Thank you for the biographical information, his ‘rational optimism’ makes much more sense now.👏
@pinewood6340
April 1, 2024 at 11:16 am
This guy is 100% completely clueless. Truly living with blinders on.
@tswierczek
April 1, 2024 at 12:20 pm
Surprising to see so many here fighting the data. He’s right until he’s not, but on a macro level our lives have been getting better for decades and decades. Maybe your individual life hasn’t, but overall more people have more money, eat better, deal with less crime, and have better shelter and medical care than at any time.
@Davodavids
April 1, 2024 at 4:59 pm
Look at the data in Canada, New Zealand and Australia.
@ScottTrosien
April 1, 2024 at 2:34 pm
A Rare TED talk with reality in mind, not the economic Fear and Doom also associated the 100 years from now “environment” forecasts… neither group will be accountable if they are wrong, but stand to make a living on spreading the fear…..just like some other economists.
@freesk8
April 1, 2024 at 3:46 pm
This guy is saying, don’t worry, trust the government. Trust the leaders. It’s just stupid. We all know that inflation is hurting regular people. We all know that unemployment is higher than what they report. We can see the increases in crime and homelessness. This guy is a shill. He gets his money from the establishment. It is propaganda. Lies.
@freesk8
April 1, 2024 at 3:49 pm
National debt is at WW2 levels as a percentage of GDP. Debt payments consume a larger and larger percentage of government spending. This guy is trying to protect the jobs of incumbent politicians and CEO’s. And he is a consultant to those people. He’s a paid shill.
@memesofproduction3
April 1, 2024 at 3:57 pm
Another liberal economist pushing the wishy-washy narrative.
@caraaraiza1176
April 1, 2024 at 4:00 pm
Insanity
@michaelkelly747
April 1, 2024 at 5:40 pm
So his solution is “don’t worry, be happy”? Rational optimism relies on the ability to weather the potential storms that may occur because you have sufficient resources for current and short term future needs while you course correct. Or you have a sufficient time window that you can take on more risk to allow long term trends to smooth out short term shocks. The people in that room likely exist in that state but many individuals do not.
@jimgrant4348
April 1, 2024 at 8:46 pm
Sounds like Bobby McFerrin ‘Don’t worry, be happy.’
@Smokabowlski
April 1, 2024 at 10:49 pm
biden 2025 …the vots wir reel….
@karoakestream7222
April 2, 2024 at 12:06 am
After reading comments I stopped the video at 6:08. I don’t think i took a word in even up until then.
@AlgoNudger
April 2, 2024 at 12:21 am
*He’s Anti-Gerald Celente.* 😂
@pimientorojo69
April 2, 2024 at 11:17 am
Great!!!👏👏👏👏👏👏👏
@jamiebostock8512
April 2, 2024 at 2:57 pm
This was meant to be a Michael Cera video
@kasun7dissanayaka
April 2, 2024 at 6:36 pm
All economics and finance models are pseudo science pre Bitcoin.
@RobertLRuisi
April 3, 2024 at 6:45 am
What world is he in inflation is raging. Look at what local governments are doing all raising taxes. We just heard local is raising taxes 24% Our state allowed auto insurance rates up 20% while fed only gave ssi 3.2%
@whataboutvegas
April 3, 2024 at 9:48 am
“False alarms”. 🤣 U.S. debt: $34.63T. And growing by $3 trillion/year. That sound like a false alarm? 🤡
@nicolasgirard2808
April 3, 2024 at 11:38 am
Yeah this is my thought. He’s gloating that we’ve avoided these predicted recessions since 2008 but forgot to mention that we avoided them thanks to unsustainable deficit spending. Our debt load at the current interest rates is about to send us into a debt spiral. Or, if rates come down, we’ll have a resurgence of inflation.
@nikkinixon8417
April 3, 2024 at 10:50 am
ten minutes of gaslighting
@pingpongballs6560
April 4, 2024 at 4:07 am
What we learnt just the other day that those on the Forbes rich list have increased their wealth yet again. It’s commonly known as the ‘transfer of wealth’. Many have increased their wealth over the past four years…interesting isn’t it! Can’t see those on the rich list worrying about the economy.
Why do the Governments tax the poor? Are the Governments following an agenda purposely taxing the poor? It’s as if there is a plan to have a two class society…the Global rich and the rest being very poor. Is this leading to neo-feudalism ?
@debyte
April 4, 2024 at 4:35 am
An average economist assessing an economy using one ‘average person’ which, by definition, does not consider wealth distribution or inequality. If you want to know about the economy ask your Mom, your brother, your friends, the woman in the cafe, the guy in the bar, your neighbours and people on the street. The ‘average’ looks far better than it really is because it is dragged up by the wealth growth of the top 5%.