How to Live With Economic Doomsaying | Philipp Carlsson-Szlezak | TED
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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Don't outsource your judgement to the news 💯.
Right on!
Or we live in attention-monopoly market where everyone tries to capture your time (and money) by capturing your attention. Negativity bias.
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.
TED has sold out quite a bit over the last several years. Used to get maybe 1 or two new uploads a month. Now it’s just opinions 24/7.
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.
Optimism is relative, much as the glass being half full is relative to it being half empty.
ten minutes of gaslighting
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.
What's the problem with that? Is anyone unbiased, really?
@@travelingtophe Such conflicts of interest are sometimes unavoidable, but the usual is to disclose them before continuing the talk.
Thank you for the biographical information, his ‘rational optimism’ makes much more sense now.👏
This was meant to be a Michael Cera video
Great!!!👏👏👏👏👏👏👏
Ask Sri Lanka about those rate raises and 2020 shutdowns.
Sounds like Bobby McFerrin 'Don't worry, be happy.'
It’s because everything is so expensive. Not the drama.
you mean in US?
@@BZX0 the U.S has nothing on Canada. They think they’re suffering? HA!!! 😂 We’re dangerous close to disaster. The pandemic was the easy part.
So we're to believe that everything is fine.? Are You OUT OF YOUR MIND !!!! What were they saying before the great depression?
That's not what I heard him say.
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.
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%
My judgment tells me that doomsayings about my countries economy is not wrong for the least. I’m from China.
BUT in shanghai or tokyo where i live in, everyone surrounding me gets a better life, so where on earth is the crisis? I suppose that the poor hits more in the finacial crisis for they lack the ability of impact resistance.
Whatever u see it is because someone wants u to see that. Maybe in china there are not many operators as in the us. Dont forget that there are not as much info in occident about china as there is in china with the occident
@@KRISZHANG92 everything hits poor more I suppose?
After reading comments I stopped the video at 6:08. I don't think i took a word in even up until then.
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%.
Nations and people are more and more getting poor. A few people are getting incredibly rich. Just ignore that and be optimistic?
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.
Insanity
applausi
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.
Look at the data in Canada, New Zealand and Australia.
Hey, I am here 😊
*He's Anti-Gerald Celente.* 😂
like
Inflation may have dropped but it is still going 😂
That is the nature of money. Never in history prices have dropped.
@stockgorilla4999 because throughout history, governments have devalued their currency to steal from the people
This guy is 100% completely clueless. Truly living with blinders on.
For real. We here in Canada are definitely in a Recession. Good call Philipp.
Please abb Bengal subtitle Hi, I an from Bangladesh 🇧🇩.I am a English learner. I continue watching your Video for improve my English. My mother langauge is Bangla. Your vidios are so much for English learner. But here ( Bangla subtitle) is not ageist. For sortage of Bangla subtitle Bangladeshi are not use the hole learning opportunity of your vibeo. So please add( Bangla subtitles).
this is brilliant
No such thing as " fixing " problems anymore ?? Just learn to live with it. Not my kind of motivatiinal speaker...
This dudes kids wont have air to breathe in 2060 and hes worried about what the new york times said in 2008.
Please tell me more about the year 2060
What do you base your 2060 prediction on please?
@@philsandele crack a book, read an article, listen to a scientist, watch anything but fox News, look at the world around you. We're way past willful ignorance. Edify yourself, good sir, there's a boat load of literature, and I don't mean FB or Twitter. AT LEAST 2060, though I've often thought more like 2050. It's already started. Noticed the fires? The PNW is indeed, CHOKING every summer. It started in 2017. CHOKING...every summer since. Good luck.
BS
"False alarms". 🤣 U.S. debt: $34.63T. And growing by $3 trillion/year. That sound like a false alarm? 🤡
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.
biden 2025 ...the vots wir reel....