No, Really. Are We Finally Heading Toward a Recession?
Big Take4 Mai 2023

No, Really. Are We Finally Heading Toward a Recession?

First Republic Bank is the latest financial institution to fail amid turmoil across the industry. Meanwhile, inflation is still high. Layoffs are rocking some industries. And labor shortages are throttling others. So… are we about to face the recession that economists have been predicting for months now? Today, Bloomberg reporter Reade Pickert and senior executive editor Chris Nagi read the tea leaves on where the economy is headed.

Read more: First Republic Becomes Second-Largest Ever US Bank Failure.

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.

See omnystudio.com/listener for privacy information.

Episoder(835)

Bringing Government Services Into The 21st Century. One Text At A Time

Bringing Government Services Into The 21st Century. One Text At A Time

Millions of Americans depend on public assistance programs to help pay for food and make ends meet. But it’s not always easy for them to manage the red tape required to keep those benefits coming. Blo...

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An Armed Uprising Punctures Putin’s Aura of Invincibility

An Armed Uprising Punctures Putin’s Aura of Invincibility

Moscow is quiet again after an armed insurrection in Russia over the weekend ended as quickly as it began. But the uprising has left President Vladimir Putin weakened in the eyes of many Kremlin watch...

26 Jun 202321min

America Is Divided Over Everything...Except Chicken

America Is Divided Over Everything...Except Chicken

Americans love beef, and always have. But when it comes to the meat they actually choose to eat, chicken takes the crown. Bloomberg’s Matt Townsend and Leslie Patton join this episode to explain how p...

23 Jun 202326min

Microsoft's Big Investment In AI Is Paying Off

Microsoft's Big Investment In AI Is Paying Off

Microsoft is a household name when it comes to Word docs, Excel spreadsheets and PowerPoint presentations, but it’s not the first name many people think of when it comes to cool new tech. At least unt...

22 Jun 202326min

Aging Boomers Will Need Lots Of Care. We're Not Ready

Aging Boomers Will Need Lots Of Care. We're Not Ready

By 2030, people over the age of 65 in the US will outnumber those under 18. That’s in part because people are living longer—a testament to modern medicine. But are our health systems and social progra...

21 Jun 202328min

Canada's Ambitious Immigration Experiment, Explained

Canada's Ambitious Immigration Experiment, Explained

Anti-immigration sentiment has been rising on the right in many countries around the world, including the US, UK, France and Italy–even as these nations are grappling with declining birth rates and ag...

20 Jun 202321min

Team Favorite: Banks Vowed To Help Black Homebuyers. What Happened?

Team Favorite: Banks Vowed To Help Black Homebuyers. What Happened?

NOTE: This episode originally aired in December 2022.---In the aftermath of the 2008 financial crisis, some of the biggest mortgage lenders in the US promised to extend billions in new loans to Black ...

19 Jun 202331min

Here Comes El Nino Again, And It's Packing A Punch

Here Comes El Nino Again, And It's Packing A Punch

We’re on the cusp of a natural – but significant – shift from a cooling weather phase known as La Niña to its considerable opposite–El Niño. This change will bring warming trends globally, and many un...

16 Jun 202322min

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