The boom was printed money, now we revert
Quote
A lot of people don't realize that 2019 was a recession. We were in an economic recession in 2019. Then COVID happened. Screwed out or you coincidence. We printed trillions of dollars. Yeah. And then had this boom. And now what we're doing is we're reverting after the party's over reverting to the mean.
Episode 155: Landing Zone (episode page, opens in a new tab) 01:24:06 (play audio from this timestamp, opens in a new tab)
Speaker-labeled
Summary
Dave thinks people forget 2019 was already recessionary. COVID-era money printing created a boom, and podcasting is now reverting to the mean.