Photo by Cristina Glebova on Unsplash

We are likely facing some sort of “soft downturn” scenario, just based on the storm of data coming forth. A mild recession is still a Recession - even if one million people lose their jobs, that’s still a million people *losing their jobs*. Those are people with families and plans and dreams and they matter. It shouldn’t be this way.

So no one knows what a mild recession is - no one really knows how long it will last or what will happen, but the it’s the base case for a lot of people. We are starting to see the slowdown begin in the numbers - the question now is how resilient the people (not “consumers” but people) are in the face of adversity, and how corporations handle a changing economic environment.

A mild recession is subjective - just like pepper hotness. Our world is rapidly changing - models made from 1970s-2019 probably won’t fly anymore. There really isn’t anything to say in the face of a downturn, especially one that isn’t really a downturn yet.

If anything, it might be a bifurcession - tech and finance will flop around where other parts of the economy will be bolstered by a reallocation of capital. And there is no platitude for that, it’s just economic cycles and that’s all. There is no way to paint rainbows and butterflies on things like this, because suffering is sometimes just suffering. But there is hope on the horizon, and there are opportunities down the road.

Video Length: 00:10:54

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