Why Recessions Happen

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You’re going to hear the word “recession” a lot in the coming months. In this video I want to explain what recessions are and why they happen.
Check out all my sources for this video here: docs.google.com/document/d/1J...
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[@Rochelletrem]

On a brighter note, every recession comes with an equal chance in the fin-mrkt if you're early informed and equipped, I've read folks amass up to 7 figures during these times, and even pull it off easily in a favorable economy. Truthfully, I’d need guide please for a boomer like me to attain such amount for retirement, we definitely need to benefit from this situation somehow.

[@robert-1miller]

stocks are pretty volatile now, but if you do the right math, you should be just fine, where as you can save yourself the hassle as well time by seeking professional guidance

[@donna_martins]

Well agreed, investing is plain sailing if you have good conviction indeed. I remember early 2020 during the lockdown, got laid off and needed to stay afloat, hence I researched for advisors and immediately found someone remarkable. As of today, my reserve of $500k has yielded into a comfortable 7-figure which we intend reallocating into gold, recalling the 1929 crash.

[@ilyaveysman.]

wonderful ! thats what I want for myself, mind disclosing info of your advisor here? in dire need of guidance

[@donna_martins]

Finding financial advisors like ‘vivian jean wilhelm’ who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@ilyaveysman.]

Thanks for sharing, I just liquidated some of my funds to invest in the stock market, I will need every help I can get.

[@Mrshuster]

This recession is most likely the result of an external factor. For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.

[@Peterl4290]

Let's face it, increasing stock and index fund purchases during downturns and bear markets is unnerving. Which makes it very difficult for most people, like me, to do. It's challenging to incur the risk of investing the $1 million I have in an S&S.

[@larrypaul-cw9nk]

That is correct. For the past 23 months, I've been in daily contact with a financial advisor. The difficult part of investing these days is determining when to sell or hold a company when it is trending. My supervisor can advise me on points of entry and exit in the sectors in which I am now active. I can't say I'm sorry because my profits increased by 63% in the third quarter of 2022.

[@sabastinenoah]

I've been considering taking that path. I've kept a lot of stocks, but they're starting to depreciate, and I'm not sure if I should stick onto them or sell them. I believe restructuring my portfolio would be facilitated by engaging your investing coach.

[@larrypaul-cw9nk]

Vivian Carol Gioia is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment

[@sabastinenoah]

Thank you for sharing. it was easy to find her, then I scheduled a phone call with her. She seems proficient considering her résumé.

[@andrew.alonzo]

Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.

[@james.atkins88]

My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my savings crumble to dust.

[@edward.abraham]

@@james.atkins88 It's a delicate season now, so you can do little or nothing on your own. Hence I’ll suggest you get yourself a financial expert that can provide you with valuable financial information and assistance.

[@Believer292]

@@edward.abraham That's correct. At first, I wasn't too pleased with my gains compared to my previous performances, I was doing so poorly, I thought I needed to diversify into better assets, so I got in touch with an investment-advisor. That same year, I pulled a net gain of $550k, which is about 10 times more than I average on.

[@rebecca_burns14]

@@Believer292 How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?

[@Believer292]

I'm guided by *Mary Onita Wier* An experienced coach with extensive financial market knowledge. While you can consider other options, her strategy has yielded positive results for me. She offers valuable insights, including entry and exit points for the securities I concentrate on.

[@SageMadsen]

My investments in stocks and crypto are not meeting my expectations. Any last minute tips to improve my situation and make more $$$? I really need some urgent advice

[@WestonScally7614]

There are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience

[@Emmanuel90970]

Partnering with a financial advisor has transformed my approach to investing. Their expertise and personalized guidance have not only helped me navigate complex financial markets but also optimized my portfolio to achieve my long-term goals efficiently.

[@AddilynTuffin]

That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?

[@Emmanuel90970]

*Jennifer Leigh Hickman* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@AddilynTuffin]

I'm impressed with the recommended advisor's prompt response and expertise. Their clarity and professionalism instilled confidence from the start. Excited to explore opportunities together!

[@aulex4822]

I’m a 500 year old Golden Retriever from Africa and don’t follow the economy anymore, but man do I love to pop back and watch these videos! Great stuff.

[@highbred]

xD

[@SUDMONEYBAGS]

Hello 500 year old godlen retriever

[@KyleNamiteVlogs]

💀💀💀💀💀

[@thsimpsonsguy]

I was about to say you were lying, then I saw your profile picture of yourself. Im glad I didnt embarass myself pewww

[@muchannel8959]

@Don't read profile photo ok

[@leondonald]

Recession is most likely the result of an external factor. For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.

[@philipr1759]

Keep this in the back of your mind. There are good days and bad days. It's a zero-sum game, but keep this advice in mind: spend wisely, invest wisely, and diversify your holdings so that when one performs poorly, the others do as well. This can be accomplished by hiring a knowledgeable specialist whose platform provides a wide range of investment options. By doing so, you leave little room for regrets and may even gain more.

[@duane_29]

With the assistance of an investment advisor, I was able to diversify my $401k portfolio across multiple markets, earning over $980k in net profit from high dividend yielding stocks, ETFs, and bonds in just a few short months.

[@HarrietBemish]

@@duane_29 That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?

[@duane_29]

@@HarrietBemish My Financial adviser is ‘’Christine Jane Mclean’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

[@HarrietBemish]

@@duane_29 Thank you for this Pointer. It was easy to find her handler, She seems very proficient and flexible. I booked a call session with her.

[@ClementRusso2]

Recessions are an inherent aspect of the economic cycle, and the key is to get ready and adapt. I entered the workforce during a downturn in 2008. My initial job out of college was as an aerial acrobat on cruise ships. Presently, I hold the position of VP at a global corporation, own three rental properties, invest in stocks and businesses, operate my own company, and have grown my net worth by $500k in the past four years.

[@VickyAlvy]

With supervision from an investment advis0r, I diversified my $401k portfolio across various markets, resulting in a net profit of over $850k within just a few months, thanks to high dividend-yielding stocks, ETFs, and bonds.

[@Rodxmirixm]

​@@VickyAlvy How can I get in touch with your advisor? I'm interested in finding a more effective investment strategy for my savings.

[@VickyAlvy]

@@Rodxmirixm My financial advisor is Stacey Lee Decker, a highly qualified expert in portfolio diversification. Research her credentials, she's a valuable resource for financial supervision.

[@Jason9o669]

@@VickyAlvy After reading your insights, I researched her full name and found her online webpage. Unfortunately, my portfolio took a significant hit, so holding it longer seems unwise. I will look to schedule a call with her.

[@bananagoose1224]

landlord...yikes.

[@Riggsnic_co]

With inflation running at a four-decade high, the Recession is now the ‘most likely outcome for the economy and I cannot imagine being a victim of circumstances. My portfolio suffered a big hit, holding it further won’t be any good. I've heard of people netting hundreds of thousands this red season. How can I ensure this?

[@bob.weaver72]

If you're new to investing or don't have much time, it's best to get advice from an expert. Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.

[@martingiavarini]

Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.

[@TheJackCain-84]

Mind if I ask you to recommend this particular coach you using their service?

[@martingiavarini]

Credits goes to "Carol Vivian Constable” one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.

[@TheJackCain-84]

thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@thumpertorque_]

The best part about his videos is a 15 minute video feels like a 5 minute one. They’re never boring and very engaging.

[@firstlastname5146]

Very true ! Love his video's.

[@benink5690]

True, even though he's wrong A LOT

[@Degen_Tech]

actually tru, great video...

[@sierram376]

I feel like Johnny Harris is on drugs.

[@stockradamus6018]

​@@gabegabe2452 Saying we will not be in a recession shows you have zero economic understanding. IT WILL be a horrible recession

[@Mr-sweeny]

The 1% of rich Americans think of how to invest their money to increase their wealth during the recession. While the 99% of struggling hard-luck Americans think of how to survive without food and daily necessities in the recession and the coming hyperinflation. I am just about to make my first index fund purchase via vanguard. I intend to invest long term. just getting slightly stuck on how I balance my percentage portfolio between equity vs bonds. Low risk is good for me. Any tips

[@PatrickLloyd-]

You are absolutely right ,firstly I believe money in the bank is not money because it is bond to inflation and losses values overtime, You have to be well disciplined to achieve success and save before you spend Lastly success does not happen overnight it takes time, dedication and self discipline

[@PhilipDunk]

money is a liability, not an asset. You have to exchange it for assets that represent real VALUE. Real estate - properties for rent. Stocks (dividends). Bonds (interest), funds, REITs (interest), intellectual property, The aid of an institutional or basic financial advisor's cannot be over expressed. I started saving and investing in 1989 at the age of 20... I am 54 today and have 2.2 million in my retirement account, 135k liquid and I trade securities with 50-55k

[@Nernst96]

@@PhilipDunk How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?

[@PhilipDunk]

I work with "Vivian Carol Gioia". Her honest approach gives me complete ownership and control of my position, and her rates are incredibly affordable given my ROI. However, do your due diligence before contacting a fiduciary.

[@Nernst96]

@@PhilipDunk Thanks for this. I curiously searched for her full name and her website came first. I looked through her credentials and did my due diligence before contacting her. Once again many thanks

[@JulianMael-us2bx]

Every crash/collapse brings with it an equivalent market chance if you are very well informed and equipped. I've seen folks amass up to $800K amid crisis, and even pull it off easily in an unfavorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich.

[@cythiahan8455]

I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience since the 08' crash

[@MarkFreeman-xi3rk]

The effects of the U.S. dollar's increase or fall on investments, in my opinion, are complex, but it has never been simpler to learn how to build your money than it is right now, when you may discover and experience a genuinely broad market passively by working with a successful Financial Consultant,,.

[@AntonioBianh]

@@MarkFreeman-xi3rk That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?

[@MarkFreeman-xi3rk]

Margaret Johnson Arndt is the Consultant that oversees my portfolio. She's been able to gain some reputation and online recognition with over 3 decades in service, so it shouldn't be a hassle to find basic info.

[@SophiaChristian-so2of]

Thank you for this tip. It was easy to find your coach's webpage by looking up her name online. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

[@eyan_official]

The bakery part is the best recession explanation I've seen in my small life.

[@GRAITOM]

Why is your life smol 😣

[@eyan_official]

@@GRAITOM because I just hit 26 and have a bunch of decades to live through 😅

[@GRAITOM]

@@eyan_official ok I'm 23, cheers to the decades

[@MrTaxiRob]

yeah except he left out the law of diminishing returns

[@stargoid670]

Aye lmao

[@claydow-peterson5245]

As an Econ major as well the biggest thing my professors have been trying to teach us, is the economy isn’t a machine. It’s a collection of every small decision of 10 billion people. Good video very informative and easy to understand

[@Laking86er]

Should the media report on the possibility of recession? If economics is by in large due to psychology, should we be influenced into thinking things are going to get bad, thereby creating a snowball effect? What does reporting on a potential recession actually help with?

[@WideAwakeHuman]

@@Laking86er recessions can result from different things but psychology isn’t causing massive depressions/recessions. Fractional reserve banking is the problem. Irresponsible financial practices carried out in every sector from the govt to banks to companies to private individuals is what causes depressions. Printing money and inflating cost/stealing buying power from regular people. Overleveraging is what causes the snowball. One dip happens and no one can handle it because they have so much debt and so little room for error. If everyone would just be responsible, save some money and be prepared and the govt would stop printing money into the system the recessions would pretty much disappear

[@CraftyF0X]

10 billion wtf? Not even 10 bill on the planet let alone that much participating in measurable economic activity.

[@troodon1096]

@@Laking86er With that kind of argument, why should people report on anything? Because people want to know, and people want those people to know. That's why reporting exists.

[@Laking86er]

@@troodon1096To both people who acknowledged me, thanks for the reply. That isn't my position, just a question with considering. The answer isn't black and white within a confluence of factors. I agree the root is certainly not reporting, but psychology can carry a notion to levels it would not otherwise reach. Do you need to know about a recession that might be or might not be happening? What Johnny lies out is that once you know, you (we) make it worse. It's interesting to consider the media influence on the depth of recessive economics. I like to hear reporting on tangibles; things that have happened, not so much about unknown futures. although I'm sure you can find examples of where I'm wrong. Ps reporting is generally done to make money first and foremost, and we know how bad news sells.

[@JayBacay]

I just wanna say the animation is amazing! great job to the editors and animators!

[@yuruyenmorerik]

I have a bachelor's degree in business administration, took a few econ courses, hated it but I'm only NOW starting to understand what economy really is, thanks to your channel! Thank you for simplifying and making it interesting! I love the fact that you don't get into too much detail while recommending sources if the viewer is curious about a specific subject.

[@giornogiovanna3934]

He has a google docs in his description with all his sources

[@a_doggo]

Oh god. You actually fell for this WEF-sponsored nonsense? I don't know how people can go into finance with a US-only degree; brainwashed as heck. Everyone who works at my fund studied overseas - the Chinese econ students understand the economy the best. The American ones need to be re-educated; they think like Johnny. It's frustrating.

[@db-ur6td]

@@a_doggo Shut up, Tankie.

[@sampeter2714]

I just wanted to point out that recessions don't happen "just cuz". They happen because the bankers, namely the federal reserve bankers, decide every few years to raise the interest rates on government issued bonds. which causes the chain effect of a recession.

[@laszlolee]

Several of the biggest market experts have been voicing their opinions on exactly how awful they think the next downturn would be, and how far equities may have to go, as recession draws closer and inflation continues.. well above the Fed's 2% objective. I'm trying to build a portfolio of at least $850k by the time I'm 60. I need suggestions on what investments to make..

[@monicavazquez280]

It's a delicate season now, so you can do little or nothing on your own. Hence I’ll suggest you get yourself a financial expert that can provide you with valuable financial information and assistance.

[@user-wt6zf4ek9k]

I agree, that's the more reason I prefer my day to day invt decisions being guided by a init-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a init-coach for over 2years+ and I've netted over 2.8million.

[@romiverajr]

please tell me how to use this recession to make gains! Grew my reserve of $121k to over $513k btw DEC. 2011 and AUG 2012 but the market is diff now

[@LofgrenMark]

Can you kindly provide me with the information of your investment advisor as I am currently in desperate need of one?

[@user-wt6zf4ek9k]

@@LofgrenMark I've shuffled through a few advisors but “Susan Bauer Normansell” remains the most resourceful thus far. Her strategy proves profitable, and sustainable both in a bull & bear market. Most likely, her deets can be found on the net, so you can confirm yourself..

[@dekjet]

Thank you for pointing out that economics is a *social* science. I think that often kind of gets lost because there's quite a bit of maths and data involved. But economics is not like maths where everyone agrees on what the rules are. Economics is all about interpreting data.

[@psikeyhackr6914]

How is the data on the depreciation of durable consumer goods interpreted?

[@danellis-jones1591]

It's the dismal science because it's theoretical foundations are very far from reality. Like rational actors and that individuals are motivated by personal benefit. I understand that psychology and economics overlap, which is at least something. But the economics I learnt is totally silent on sustainability and the immovable boundaries to growth.

[@jaredharmer7047]

Yep. A marxist and a conservative can often look at the same graph and explain how it supports their ideology

[@psikeyhackr6914]

@@jaredharmer7047 Which ideology explains why they don't advocate mandatory accounting/finance in the schools?

[@ectopicortex]

At 7:18 he says there is a random price increase for the baker, this skips a huge data point of so many monopolies raising their product prices just to make a bigger profit even when they don’t need to raise their price. E.g. price gouging gasoline prices.

[@tomgorden4189]

The $4 baguette is on point. My local bakery is selling them for that. Not like I can't buy one, but out of principle, I refuse to now. When you start feeling like you are getting nickel and dimed by everyone, you start pinching those pennies.

[@drewbinsky]

Awesome stuff man, you continued to impress and knock all of us out of our seats

[@Homer-OJ-Simpson]

Hey drew! Love your stuff! Been watching you since 2019 or so. I guess Johnny joined Nebula. Any plans for you to join as nebula? Or are travel videos not a target for nebula content?

[@willzyxOfficial]

This message is nothing but shameless self-promotion.

[@httrtaylor21]

I love that Drew watches Johnny's stuff

[@Lee.Lee.9]

You made this way easier to understand than any of my teachers. Thank you. While a recession seems scary, I have a little comfort knowing that it has happened often and there’s a guarantee that it will pass and get better.

[@SFVYachtClub]

Everyone said the recession was gonna happen back in 08 for literally months and months and then it happened and then everyone was like "OH MY GOD WHAT HOW COULD THIS HAVE POSSIBLY HAPPENED???" and then I think all of Bakersfield became homeless.

[@2degucitas]

Bakersfield? Because they had jobs not tied to farming

[@thijsjans5457]

As an econ nerd, I highly recommend looking into the "Malthusian Trap". It's a very elegant model that explains why economies didn't have an upward trend over periods longer than about a century prior to the industrial revolution. Gives you great insight into the dynamics of modern economies.

[@bozimmerman]

Wasn't Malthus the guy who predicted starvation and death forever into the future? IOW, wasn't he basically really really wrong?

[@ZeroX02c]

@@bozimmerman Not necessarily. Thanks to how our economy attributes value with no consideration for long-term ramifications, we've set up a complex system for extinction. It's clear that climate change is currently causing an extinction event right now (just look at the snow crab die-off), and it's clear that it will affect humans (it already is), but it's unclear how bad the cascading effects will be, or if we can mitigate it at all. We may have simply dragged out the "prosperity" section of that cycle for a longer period than ever before, only to take the biggest haymaker in human history. We might be staring down a situation where we literally cannot get back to where we are now because we used too much of our easily accessible fossil fuels. We may have already set up the conditions needed to curbstomp human society in general, but we can't know because this would be the first time ever. What is certain is that, barring some latchkey energy advancement, there is a world of hurt coming in the next few decades for humanity. Malthus looks to have only been wrong in the short-term.

[@jakekennedy6718]

@@ZeroX02c Well here I am getting into youtube comment arguments but... Malthusian trap is not about global extinction. It its an economic theory related to labor participation and production output. His main argument is that overpopulation crowds out the middle class and drives wages down. Even though it might appear that he's right, modern demographic trends in developed countries are actually disproving Malthusian theory. Due to a bunch of factors, birthrates are significantly declining in affluent countries. If you want to put your undergrad hat back on, look up the Lewis model. Its related to "breaking" the Malthusian trap. I find it to be more compelling and more reflective of how society got to where we are today.

[@miamijules2149]

@@ZeroX02c 🙄 No, no it’s not clear at all that climate change is yada yada yada, blah blah blah

[@michaeld4861]

@@jakekennedy6718 But wages are being driven down. You must not be from the US. Also, I thought his theory was about the limitations of production of things like food having a limiting effect on population especially in regards to population density? (Although I haven't really researched it, his ideas were just briefly mentioned in a book I read so maybe I got it wrong?)

[@therbear17]

I’m so excited to hear that you’re on nebula! I would absolutely love to see what kind of content you can produce without worrying about they KZbin algorithm. I’ve subscribed to your channel and will watch all your videos there. Good luck!

[@pakru92]

Thanks for your great videos! Always love to see new stuff from you!

[@flyingmonkeiesRus]

As an econ major with a family that has no idea what I do or talk about. I'd love to see more econ terms explained so well so I can share them with my family

[@marvin2678]

as an econ major you should see and point out the flaws in this video first

[@osmarsantanafilho3184]

It’s quite hard to explain to commom people some economics logic. Ppl usually don’t have any patience nor will to understand it

[@johnkeefer8760]

@@marvin2678 While not perfect, it does a good enough job for a very basic introduction. It blurs details etc but they aren’t essential for such a basic intro. If anyone actually wants to know enough about the topic to make decisions on it, they will learn the details he glosses over

[@johnnyharris]

Lots more to come!

[@vedadityaved538]

​@@johnnyharrisJohnny can you make a video on indo china conflict

[@LtNduati]

I was born in 1996, graduated college in 2019 and I feel like there has always been a recession. My Dad is a financial advisor and was our sole provider for most of my life. Recessions scare me, and fortunately I've been fully employed since graduation, and during covid, and still to this day, but I left my higher ed job in March 2022, I'm now at a very large and successful nonprofit and work for the CEO/board. I feel safe, even through a recession, but now I'm relearning the worries that the word "recession" now bring and I'm not sure how to manage this fear long term.

[@MsUnderlig]

this sounds like "financial anxiety", it's always good to have some extra money in case one gets laid off but i think actually the best medicine may be therapy or talking with a friend. It's good to be prepared but it's not good for you to be stressed and have big fear that stresses you a lot. (sorry for the unsolicited advice).

[@MrTaxiRob]

Sounds like your anxiety may have helped you avoid frivolity to some degree, but I hope you are at least able to enjoy your life outside of work and finances.

[@AliceChen]

If you're looking for some good material on financial anxiety, I would highly recommend Ramit Sethi's work. He runs I Will Teach You to be Rich and has a podcast where he talks to people directly about a lot of topics including this!

[@KARL-el3hr]

Thanks for explaining this ♥️. I always watch your content & vids not only because they are educational but also entertaining. Watching from 🇵🇭

[@kevinv91]

Dude. You deserve all my praise. I can tell how much work you put into your videos. I just have to say thank you for your educational content. You are truly a blessing. Thank you!

[@chinochasakara2363]

I literally smiled when you said, "I'm going to be making more videos." lol Love the channel!

[@tom690]

I'm glad Johnny highlights the psychological aspect of recessions. A large part of why recessions happen (or at least why they're more severe) is because we THINK they're going to/are happening. The fundamentals only matter up to a point.

[@bunmibello3043]

ᴛʜᴀɴᴋs ғᴏʀ ᴡᴀᴛᴄʜɪɴɢ. sᴇɴᴅ ᴀ ᴍᴇssᴀɢᴇ ᴏɴ ⬆️

[@acethemain7776]

paradox of thrift

[@scpatl4now]

It's the same for inflation too...you think prices will rise so you go out and buy stuff before it gets more expensive, which in turn causes shortages and higher prices.

[@singular9]

LMFAO this has nothing to do with it. Fake money = collapse, its pre programmed into the capitalist system.

[@scpatl4now]

@@singular9 Wrong...you have no idea what you are talking about...trolling is what you know

[@Wisudadwipana]

The way you exctract the point of the topics from a lot of resources is stunning, I mean your videos always trigger me to learn more and more. I don't need to mention your animation/visualisation as it is always at it's best from time to time. There's should be a lot of work behind the scenes, can't wait for another videos!

[@Wisudadwipana]

@@togo7022 first of all I never read wikipedia as references man, the good point is this guy push me to search for more information, to find the clarification, rather than just believe on his content. He triggered me to do it. I don’t mention whether his information ‘good’ or ‘bad’. Have you read the references that he put on the description? I don’t see he writing any wikipedia things

[@changusakala8949]

Out of all the "what is a recession" videos out there and trust me there are a lot, this is by far the best most straightforward and most easily understood video I've come across tbh. Thanks!

[@tfall]

You have literally condensed my entire Econ 101 class into 15mins. Mike Drop Johnny strikes again!!

[@A3421]

Mic*

[@mlondishoba4076]

If you had a storytelling with data course I'd definitely buy it. Brilliant video!👏🔥

[@mrsmokingskittles148]

You can buy mine

[@john_doe1st]

@@mrsmokingskittles148 take a hike

[@mrsmokingskittles148]

@@john_doe1st what's the problem

[@abikrsen3205]

I started watching your videos just few days ago and now I'm clicking on every video of yours that pops up in my feed !

[@goingwalkaboutnow]

Love you and your peeps Johnny, you guys make hard concepts easy to understand.

[@adawg2059]

Hell yeah, glad you joined nebula. Been a couple months since I've been on, but I joined for reallifelore's conflict series. Hope to see some extra content along those lines from you in the future!

[@michalsokolowski5728]

Beware of curiosity stream subscriptions. A few days ago, I got overcharged by them. They charged me more than the advertised $11, I contacted them, and they said everything was correct. For the entire purchase process, the price displayed was $11, but I discovered the difference after looking up my bank account. To me, not disclosing all the costs upfront is an example of a scam.

[@LE-do5by]

❤

[@annaluera1357]

What was the price they charged you?

[@johnsamuel1999]

I think the price didnt include taxes ?

[@hrachdavtyan9815]

This video is absolutely amazing!!! Why i could not find your channel earlier, please keep creating such an amazing videos!!!

[@georgecarrascomusic]

thank you Johnny and the team. just thank you. all of your combined effort to be thorough and engaging is as awesome as the orange jacket and all the adventures it continues to go on. keep em coming.

[@jenjen4520]

I absolutely LOVE LOVE LOVE your videos! I'm quite the curious person & the content you post cover such a vast number of subjects & loaded with information & u actually list references, as well? I'm big on trusting the sources of where "facts" are coming from & I consider your info a trusted source! Thank you for all you do, sir! Keep up the good work!

[@fllnthblnks9681]

Bro, this is, like, my fifth recession.

[@vannhantran547]

Keep your grind up 💪 Johnny's team. Love to watch these easy to understand videos

[@LohashLakra]

Thank you so much for the good content, I haven't missed any of your videos & I would try my best to keep up. See you on Nebula.

[@lifePaultheball]

Jhonny's videos have been so entertaining lately. He and his teams are killing the storytelling and animations. 👌

[@johnnyharris]

wow thank you

[@etashelinto8253]

Ikr. Johnny’s killing it.

[@crowxar]

@@etashelinto8253 AND his team

[@kabewar77]

that was by far the best Nebula ad I have ever seen. Seen a bunch of KZbinrs mention it and I am now going to sign up

[@Add50326]

These videos are never boring and one of the most interesting and educational videos that I can find online. They are very well made not too long not too short the right length with the most amount of information.

[@BrieElizabeth]

Thank you so much for your videos, I have learned so much and always look forward to watching!

[@BIGBenProductionsTV]

Nice stuff, love your vids! Super informative, keep going!

[@therenzix]

I really appreciate that you mentioned your sources so many times

[@natandessie]

This is fantastic. Love this channel. Now I don't feel so bad about a recession longterm.

[@corukvee]

😊😅 😅

[@jakeingram2083]

The Swiss bunker video was awesome, that's why I subscribed. Good stuff

[@ayushjain8265]

Great content as always Johnny! Just signed up for Nebula, amazing value. Can’t wait to watch your Swiss bunker series and upcoming Nebula powered series!

[@phodamentals]

Good stuff. Also recommend "Economics in One Lesson" by Henry Hazlitt and "Cooperation and Coercion" by James Harris & Antony Davies.

[@GustavoSanchez-ic3ok]

Great vid. Really love the way you display your videos👍

[@anishadahal6128]

You make everything so easier to understand. Thank you for all the videos!

[@MattTucker]

I love the animations, really keeps things engaging and adds a depth and entertainment value.

[@sandyboyd7040]

Hey it would be amazing if you did a video exploring the ideas of a post growth economy or a degrowth economy. The idea of getting off the road of constant economic booms and busts and also one that potentially provides a solution to ecological destruction and the climate crisis. Would love to see your analysis of these ideas and what they could mean for the future economy.

[@bunnyben5607]

The transition to post growth economics (inevitable) will probably be marked by widespread contagion in companies unfortunately. Every company on the planet is at least partially predicated on infinite growth, and post growth is going to cause the mother of all shocks.

[@cclambie]

Love to see @Johhny do a piece on this. Maybe bring in some ideas from Utopia for Realists by Rutger Bregman

[@Mizc33]

Your content is super-awesome. Thank's for the curiosity/nebula code! I'm thrilled to see what kind of content you will be releasing there in the future. (also the bunker episode is fucking rad)

[@lovegansaw]

Best explanation of what recession is! Thank you, dude!

[@thavs]

I love that the landlord is just chilling… we all know that’s not a real job

[@bunmibello3043]

ᴛʜᴀɴᴋs ғᴏʀ ᴡᴀᴛᴄʜɪɴɢ. sᴇɴᴅ ᴀ ᴍᴇssᴀɢᴇ ᴏɴ ⬆️.

[@johnsamuel1999]

Not really landlords provide housing and of course spend the money they earn, which stimulates the economy. A landlord has to provide you with housing that fits regulations etc .

[@ethanclark4116]

@@johnsamuel1999 The housing developers make sure everything is up to code and the construction crews build it financed by the developers. The landlords just come in and buy it straight out the gate so they can jack up the price and make a profit on their investment.

[@johnsamuel1999]

@@ethanclark4116 but your assuming that the landlord did not commission the construction. Also when a landlord buys a finished house it gives the developer money and interest to build more housing . The developer is going to keep building as long as landlords keep buying. Plus landlords increase the housing available for renting

[@ethanclark4116]

@@johnsamuel1999 lol why do landlords have to buy the houses why can't they just sell them straight to the people

[@paolaanimator]

I loved the animation in the video! And I can say I am feeling the recession especially with buying food, the prices is going up, along with rent. I live with my family, post college grad but so far no luck finding a job, only gigs. It's pretty rough. But I hope things will get better soon.

[@yourlocalrealestatenv777ho3]

Great content keep it up! Thank you for bringing the most valuable content and fascinating histories.

[@benjaminfarrar5099]

Such an awesome news that you joined Nebula Yourself & TLDR news are two of the most brilliant channels deconstructing the world and society so we can understand more of it

[@Spike.SpiegeI]

both of those services for $1 a month?! I'm in and I hope they help support this new project you're working on!!

[@KomalSanjeev]

Immediately subscribed to Nebula and watched the Swiss bunker video. MIND BLOWN. You had my attention every second through that video. Thank you for doing what you do!

[@cchastee0614]

So happy I found this channel ! I feel I absorb so much here !!

[@NunoSoares22]

Johnny Harris you are BRILLIANT! Congrats! Love the way you explain and communicate! Keep it up!

[@truth.speaker]

He would be even better if he erased the scammers from his comment section

[@house102]

Nice! Well explained! And simple to understand! Definitely helps those who struggle to understand in schools. Love your work Johnny!

[@ecuadorianpersian]

Keep up the great work. Love what you do.

[@dutzi]

I've just signed up for Nebula! Love your work mate

[@olivierbringas5819]

As a pre-service teacher majoring in Social Studies here in the Philippines, this video really helps me to understand how economy runs with your simple yet engaging means of presenting it. Thank you Johnny. I will definitely share this to my students.

[@robin_fang]

Nice video, would love (as an economics uni student) for you to go deeper in economic theory, such as the yield curve inverting and other signs too!

[@rustyp69]

read Karl Marx and listen to Richard Wolff

[@Cresh21]

Great video as always! Excited to see you partner up with Nebula! :)

[@derrickcsh]

Always making different videos and perspective on different topics and making simple for everyone to understand. Keep up the good awesome content. I will try to check our NEBULA.

[@RealEngineering]

Welcome to Nebula Johnny!

[@maddwhissp7092]

This will happen mainly in europe, after the oil/gas price cap, corruption in the eu parlament, high inflation.

[@john.n.5980]

🙌🙌🙌

[@chaitanyashrivastava6657]

Stunning Graphics! Kudos!

[@antonrochniak9755]

Thank you! You have a talent for explaining complex concepts in a clear and straightforward manner.

[@rebekahj8662]

What Johnny is missing here is that, at least right now, we are all being price gouged by corporations. Corporations have made record profits this year, and are passing on the costs of their private jets and bonuses on to us. This isn't just happening with optional goods and services but for necessary staples, like groceries, that have typically been stable. This recession is due to greedy corporations, it's not because folks are worried that they should save some money because of the war or whatever. Infinite growth is impossible.

[@Biker790]

I really really wish this had been addressed. It's kind of fundamental to our current situation.

[@Tommyownzz]

What would you expect, those videos are basic af

[@saadcringe]

you know, muahs

[@LucasRicardoBarbieri]

yeah! let's expropriate corporations profits to be redistributed between the people! for sure that will work!! As in URSS, Cuba, Venezuela, Argentina!!

[@saadcringe]

@@LucasRicardoBarbieri read, and then you can talk

[@BlackfeatherTanfur]

As for layoffs, they're very much here in Silicon Valley & SF. Most of the big tech companies have had massive layoffs (thousands impacted, for each of the tech giants). And I'm not even including Twitter, whose layoffs aren't as far as I can tell, related to the overall economy. It's scary as I'm an unemployed engineer living in the Bay Area.

[@LaylaStreetlife]

Uau thank you. You made me understand the holle thing in an easy way. Thank you.

[@LifeofMoe]

Amazing work! Great video bro🎉

[@hans7743]

This was a description of a demand induced recession, the recession we’re potentially looking towards is a recession caused by inflation/higher interest and energy supply issues

[@floralee1645]

I think it is a lot more complicated than that too, especially when you factor in disposable income shrinking due to stagnated wage, price gauge, inflation and etc. In theoretical economy your pay should rise with inflation, and that is achieved through workers take/not take the job or strike. However, strikes and unionization had been stamped down for decades in the US, so the wage for certain occupation has not been rising. Thus, you have a lot more little households that have shrunken disposable income that is extra vulnerable to inflation. Tbh, for middle class maybe the psychology of economic downtown affects the spending the most, but for lower class or even middle lower, economic downturn literally squeeze the amount of good you can buy, even essential goods. However, people tend to only talk about the psych part during Econ101, which is very interesting.

[@taycalvin5758]

it's the govt doing it.

[@taycalvin5758]

the u.s currency is one of the strongest in world. it might be the strongest. 70 plus percent. it's to high for it to even be a lower class. 20 something years of being stamped down. just crazy. why the govt doing this. is beyond me. i believe most people are poor in america now days. the middle class is like half way done at this point.

[@centralbears3010]

Johnny - you are such a smart journalist. your communicaton skills are excellent. you study and covney information well. thanks

[@rafimd8827]

Jhonny, your research is amazing.

[@jonrolfson1686]

One of the ‘rules-of-thumb’ for the identification of positioning along the economic cycles graph is that ‘Employment is a Lagging Indicator.’ Lagging Indicator status means that, all other things being equal, firms are somewhat reluctant to cut employment early in a recession and tend to be slow to expand employment early in a recovery. Differing balances among other drivers of the cycle may eventually be identified and quantified in their effects on the depth and rate of slowdown and recovery. Demographic change, specifically the aging out of a very large cohort and its replacement by a somewhat smaller cohort, may tend to soften this particular down-cycle’s impact on unemployment. The combination of training costs and costs related to industrial reshoring and expanded capital reinvestment probably should be expected to slow or flatten the rate of recovery.

[@mrpablomx]

Whoa 🤯

[@danphillips6399]

Ceteris paribus

[@jonrolfson1686]

@@danphillips6399 Rather more dismal than science, is it not?

[@danphillips6399]

@@jonrolfson1686 yeah but it does force producers to create products more efficiently and it also shows that actually the markets are competitive and that actually you should make products that appeal to consumers

[@jonrolfson1686]

@@danphillips6399 You are quite correct sir: Efficiency and understanding of one's market are sine qua non. That is a feature, rather than a but.

[@illiteratecitizen]

Hey Johhny, I am a student of Engineering but I also study Economics and IR and anything that constitutes our world and how it runs today, and your videos and ideas are such a huge huge source of these information. I am really thankful for you being a content creator on KZbin and I hope we dont stop seeing you... When I can, I would start contrbuting to your Patreon because there are so many stories that I would like to add to your research interests (perhaps they already are there) Nevertheless, thank you and godspeed. Sincerely, one of your dedicated subscribers

[@rojermathew7069]

What an amazing video, I loved your explanation ❤❤

[@JM-mj1lb]

You are good at explaining stuff!

[@FreeHugsForYuuh]

Just signed up for curiosity stream 😊 can’t wait to watch your new vid tonight. Love your videos!

[@897aa33]

Don't forget to put lipstick on

[@slavaukraine716]

@@897aa33 wow, try and be a dick why don't you?

[@rishabh.malviya]

I think you should also touch upon the role of credit and borrowing in causing recessions. It's one of the main reasons we have recessions now that we didn't before

[@taycalvin5758]

it's the govt doing that. they are in control of how money get into the economy for everybody.

[@kundalinicalling3295]

Such great content. Sooo well made. 👏😁 Leaving a comment for the algorithm. 💙

[@mikoajtokar5846]

Thank you! I never understood anything economy related before. You are amazing

[@ZenkaiGoose]

Johnny and his team are just masters of storytelling. Great video!

[@chrislanejones]

Yes, I love the Johnny World creation and story, After Effects is the Shit;

[@emptyhad2571]

I know right buddy I actually worked with the guy once. At least in my dreams not IRL.

[@singular9]

Exactly, story telling, not fact telling. He would never blame the hand that feeds, the fed and the printing press and the american army that protects it.

[@itsytyt5192]

Ghgh

[@lifePaultheball]

Jhonny's videos have been so entertaining. He and his teams have been killing the animations and storytelling lately. 👌

[@Lukas8363]

your videos are very good man. Keep it up. No BS, great Research, well edited, good length of video, great explanations. Respect

[@robertbarrett7306]

This is so simple and great thank you

[@chrissartain4430]

Great Video, never have I understood the word RESESSION once before ! Know I do understood it before today !! Thank you for this new understanding !!

[@Cloudthinkk]

This is super relatable- and the example shown is a bakery- which is exactly where i chose to spend less money, because usually the donuts there were 80c now they are 1.25$ so.. this video is so relatable making it understandable.. my point is- I agree with him, and I really want those donuts, but I dont want to spend.

[@Lana-ro6cb]

Life is so much bigger than a donut, Susan.

[@Cloudthinkk]

@@Lana-ro6cb mhm, just a way of saying "this is understandable and relatable"

[@Homer-OJ-Simpson]

@@Lana-ro6cb but it’s about hundred such buying decisions we make each month.