In Episode 162 of The Higher Standard Podcast, Chris, Saied and Haroon discuss why they believe a majority of US Economists are wrong about their predictions on whether or not the US will be entering a recession. They explain how analysts track and predict earnings for US publicly traded companies and how A.I. has impacted this space. They dive in to earnings from American Express and how it showcases record spending. Chris takes it a step further by shedding light on the human condition of wanting to believe in optimism while some at JPMorgan believe the time to sell is still now. They round out the show by examining Tesla’s new 84-month financing option and stand their ground on why that would be a terrible option for you. We hope you enjoy because we did!

Resources:

American Express earnings show record spending: 'The U.S. consumer just looks really strong.' (Market Watch)

Economists See US Recession Odds at 50% or Less in New Survey (Bloomberg)

JPMorgan's Kolanovic Sticks to Stock Selloff Call Even as Market Defies Gloom (Bloomberg)

Blame the Fed? Tesla offers 84-month financing (Yahoo! Finance)

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