October 21, 2019· 43 min

How Private Sector Balance Sheets Changed Recessions

Orality
Model
88%
Highly oral (epic poetry, sermons, hip-hop)

Speaker Breakdown

HostJoe Weisenthal(1,967 words)
M:28%
HostTracy Alloway(930 words)
M:28%
GuestDavid Levy(4,854 words)
M:28%

Oral Indicators

Agonistic34%
obviously, definitely, clearly
Engagement61%
you, our, your
Memory Aids100%
listen, like, right
Repetition100%
they (53x), about (51x), balance (49x)
Parallelism82%
And I'm Tracy Alloway...., But it definitely feels like t..., But as you point out, we're al...
Sound Patterns39%
32 question(s), alliteration: "markets move", alliteration: "barclays brief"
Formulaic Phrases7%
you know what, i mean, the thing is

Literate Indicators

Hedging10%
may, maybe, perhaps
Passive Voice10%
is when, been scarred, be accompanied
Abstract Nouns20%
investment, community, business
Subordination11%
because, while, whereas
Sentence Length48%
Avg: 17.0 words/sentence
Word Complexity48%
investment, analyze, anticipate
Academic Markers0%
Impersonal Style39%
499 personal pronouns found
Descriptive Style100%
apply, obviously, definitely

Description

Can the U.S. economy have a recession without it turning into a crisis? In the old days, such garden-variety recessions were fairly common. These days, less so. But why is this? And can we go back to the old-style soft recessions? The issue, arguably, is that private sector balance sheets (both debts and assets) have grown so large relative to incomes, that the value of financial assets swamp effects from changing incomes. On this week's Odd Lots, we speak with David Levy of the Jerome Levy Forecasting Center about his new report called Bubble Or Nothing about how the economy works in a world of gigantic balance sheets and extreme risk taking. See omnystudio.com/listener for privacy information.