August 28th, 2020
The video transcript discusses the current state of the U.S economy, focusing on indicators of a recession and the job market. The speaker mentions the volatility index and the S&P 500, noting that as the volatility index increases, the S&P 500 falls. However, there may not be a direct correlation between the two. The speaker also mentions that many observers and traders do not believe a recession is imminent, despite concerns raised by Paul and Larry Summers about increasing interest rates. The video transcript does not provide specific details about the job market or other indicators of a recession.
#economy #recession #jobmarket #volatilityindex #SP500 #interestrates
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