How to Live With Economic Doomsaying | Philipp Carlsson-Szlezak

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

Місяць тому

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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КОМЕНТАРІ: 66

@josholunlade Місяць тому

Don't outsource your judgement to the news 💯.

@travelingtophe Місяць тому

Right on!

@cheweperro Місяць тому

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 13 днів тому

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.

@alexandrugheorghe5610 Місяць тому

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

@LALAE6 Місяць тому

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

@BZX0 Місяць тому

you mean in US?

@Katherinec_russell Місяць тому

@@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.

@BZX0 Місяць тому

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 Місяць тому

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

@pimientorojo69 Місяць тому

Great!!!👏👏👏👏👏👏👏

@evilpanky Місяць тому

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 Місяць тому

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

@evilpanky Місяць тому

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

@debyte Місяць тому

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

@michaelkelly747 Місяць тому

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.

@chesterkendra5224 Місяць тому

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

@travelingtophe Місяць тому

That's not what I heard him say.

@jamiebostock8512 Місяць тому

This was meant to be a Michael Cera video

@samnater 13 днів тому

Ask Sri Lanka about those rate raises and 2020 shutdowns.

@RobertLRuisi Місяць тому

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%

@mingy7017 Місяць тому

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

@KRISZHANG92 Місяць тому

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 Місяць тому

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 Місяць тому

@@KRISZHANG92 everything hits poor more I suppose?

@jimgrant4348 Місяць тому

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

@nikkinixon8417 Місяць тому

ten minutes of gaslighting

@debyte Місяць тому

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%.

@karoakestream Місяць тому

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

@arhein5455 Місяць тому

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

@tswierczek Місяць тому

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 Місяць тому

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

@ScottTrosien Місяць тому

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 Місяць тому

Inflation may have dropped but it is still going 😂

@stockgorilla4999 Місяць тому

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

@stevenhendrickson2910 Місяць тому

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

@Originscepter Місяць тому

Hey, I am here 😊

@caraaraiza1176 Місяць тому

Insanity

@mariaantoniettamontella9173 Місяць тому

applausi

@AlgoNudger Місяць тому

*He's Anti-Gerald Celente.* 😂

@pinewood6340 Місяць тому

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

@wanderingfido 10 днів тому

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

@gebrekidan6013 Місяць тому

@artacademy5521 Місяць тому

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).

@nattosanto6033 Місяць тому

this is brilliant

@ZakFromOhio Місяць тому

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

@fletcherjacobs3688 Місяць тому

Please tell me more about the year 2060

@philsandele Місяць тому

What do you base your 2060 prediction on please?

@lostcamper Місяць тому

@@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 7 днів тому

@christiansoldier1547 Місяць тому

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

@whataboutvegas Місяць тому

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

@nicolasgirard2808 Місяць тому

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.