How to Live With Economic Doomsaying | Philipp Carlsson-Szlezak | TED

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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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Опубликовано:

31 мар 2024

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Комментарии : 66

@josholunlade Месяц назад

Don't outsource your judgement to the news 💯.

@travelingtophe Месяц назад

Right on!

@alexandrugheorghe5610 Месяц назад

Or we live in attention-monopoly market where everyone tries to capture your time (and money) by capturing your attention. Negativity bias.

@pimientorojo69 Месяц назад

Great!!!👏👏👏👏👏👏👏

@BZX0 Месяц назад

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.

@debyte Месяц назад

Optimism is relative, much as the glass being half full is relative to it being half empty.

@evilpanky Месяц назад

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.

@travelingtophe Месяц назад

What's the problem with that? Is anyone unbiased, really?

@evilpanky Месяц назад

@@travelingtophe Such conflicts of interest are sometimes unavoidable, but the usual is to disclose them before continuing the talk.

@debyte Месяц назад

Thank you for the biographical information, his ‘rational optimism’ makes much more sense now.👏

@LALAE6 Месяц назад

It’s because everything is so expensive. Not the drama.

@BZX0 Месяц назад

you mean in US?

@Katherinec_russell Месяц назад

@@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.

@cheweperro Месяц назад

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.

@samnater 19 дней назад

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.

@samnater 19 дней назад

Ask Sri Lanka about those rate raises and 2020 shutdowns.

@jimgrant4348 Месяц назад

Sounds like Bobby McFerrin 'Don't worry, be happy.'

@jamiebostock8512 Месяц назад

This was meant to be a Michael Cera video

@chesterkendra5224 Месяц назад

So we're to believe that everything is fine.? Are You OUT OF YOUR MIND !!!! What were they saying before the great depression?

@travelingtophe Месяц назад

That's not what I heard him say.

@nikkinixon8417 Месяц назад

ten minutes of gaslighting

@mingy7017 Месяц назад

My judgment tells me that doomsayings about my countries economy is not wrong for the least. I’m from China.

@KRISZHANG92 Месяц назад

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.

@genaroviscusso8375 Месяц назад

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

@mingy7017 Месяц назад

@@KRISZHANG92 everything hits poor more I suppose?

@michaelkelly747 Месяц назад

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.

@debyte Месяц назад

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%.

@RobertLRuisi Месяц назад

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%

@karoakestream Месяц назад

After reading comments I stopped the video at 6:08. I don't think i took a word in even up until then.

@arhein5455 Месяц назад

Nations and people are more and more getting poor. A few people are getting incredibly rich. Just ignore that and be optimistic?

@tswierczek Месяц назад

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.

@Davodavids Месяц назад

Look at the data in Canada, New Zealand and Australia.

@ScottTrosien Месяц назад

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.

@halo1011998 Месяц назад

Inflation may have dropped but it is still going 😂

@stockgorilla4999 Месяц назад

That is the nature of money. Never in history prices have dropped.

@stevenhendrickson2910 Месяц назад

@stockgorilla4999 because throughout history, governments have devalued their currency to steal from the people

@Originscepter Месяц назад

Hey, I am here 😊

@mariaantoniettamontella9173 Месяц назад

applausi

@AlgoNudger Месяц назад

*He's Anti-Gerald Celente.* 😂

@caraaraiza1176 Месяц назад

Insanity

@pinewood6340 Месяц назад

This guy is 100% completely clueless. Truly living with blinders on.

@wanderingfido 16 дней назад

For real. We here in Canada are definitely in a Recession. Good call Philipp.

@gebrekidan6013 Месяц назад

@artacademy5521 Месяц назад

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@nattosanto6033 Месяц назад

this is brilliant

@christiansoldier1547 Месяц назад

No such thing as " fixing " problems anymore ?? Just learn to live with it. Not my kind of motivatiinal speaker...

@ZakFromOhio Месяц назад

This dudes kids wont have air to breathe in 2060 and hes worried about what the new york times said in 2008.

@fletcherjacobs3688 Месяц назад

Please tell me more about the year 2060

@philsandele Месяц назад

What do you base your 2060 prediction on please?

@lostcamper Месяц назад

@@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.

@abhinavmenon9140 13 дней назад

@whataboutvegas Месяц назад

"False alarms". 🤣 U.S. debt: $34.63T. And growing by $3 trillion/year. That sound like a false alarm? 🤡

@nicolasgirard2808 Месяц назад

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.