Jason Hartman and his mom take this Christmas Eve to evaluate how the United States was able to go an entire decade without going into a recession. This is something that has never been done before, so why did it happen now? The two listen to a CNBC story and break down each of the points: sometimes agreeing, sometimes pointing out flaws in logic.

Then to cap off the episode, Jason's mom discusses her recent 3 day property tour of the Space Coast and how it reminds her a little bit of California.

Key Takeaways:

[3:14] CNBC clip about the US avoiding a recession for all of the 2010s

[7:00] GDP in the Great Recession dropped over 4% and some believe the unemployment rate (the unofficial one at least) was as high as the Great Depression

[11:57] There was relative price stability in the previous decades, but there was also wage stagnation

[21:47] Jason's mom's best advice for how to figure out what's going on in the economy

[24:09] Will Universal Basic Income become necessary when technology really kicks in?

[27:57] There may not be much of a bust coming because there hasn't been a huge boom

[28:23] Jason's mom's takeaways from her 3 day property tour of the Space Coast

Website:

www.JasonHartman.com/Properties

How The U.S. Avoided A Recession For A Decade - CNBC

Jason Hartman talks with NJ Ayuk, Executive Chairman of African Energy Chamber, CEO of Centurion Law Group, and author of the new book Billions At Play: The Future Of African Energy And Doing Deals, about the development that's happening inside Africa. Many outside of Africa view the continent with skepticism, but there's a big shift happening, especially in the banking sector (or lack thereof). Jason and NJ discuss some ways that Africa in general is beating first world countries, as well as how a shift toward property rights could go a long, long way toward more prosperity.

Key Takeaways:

[3:54] Jason believes Nixon went to China to open up a cheap labor market

[6:06] Is Africa the next low cost labor market?

NJ Ayuk Interview:

[10:47] Africa may not have first world countries, but it has some infrastructure that's better than countries like the US

[14:04] Africa, unlike the United States, is not banking centric

[17:42] Money transfers have gotten so fast and easy that illiterate grandmothers are doing it

[21:21] What NJ views as the bedrock of a strong society

Website:

www.JasonHartman.com/Properties

www.NJAyuk.com