Everything we think we know about recessions is wrong—or at least mostly wrong—according to ExxonMobil Chief Economist Tyler Goodspeed. He argues downturns aren’t the inevitable result of overheated booms and don’t arrive simply because expansions last too long. In his new book, Recession: The Real Reasons Economies Shrink and What to Do About It, which spans 250 years of US and UK economic history, Goodspeed contends recessions are typically the product of sudden, overlapping shocks—particularly to energy and food—that derail otherwise healthy expansions. Tariffs, crypto, deregulation, tax cuts, protectionism, are just some of the things back on the table when Donald Trump returns to the Presidency. To help you plan for Trump's singular approach to economics, Bloomberg presents Trumponomics, a weekly podcast focused on the Trump administration's economic policies and plans. Editorial head of government and economics Stephanie Flanders will be joined each week by reporters in Washington D.C. and Wall Street to examine how Trump's policies are shaping the global economy and what on earth is going to happen next. Check out more episodes of Trumponomics: https://www.youtube.com/playlist?list=PLe4PRejZgr0OF8WXDm7pQg2KFgVmeobxp Subscribe to Bloomberg Podcasts: https://bit.ly/BloombergPodcasts Visit our other YouTube channels: Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Visit us: https://www.bloomberg.com/podcasts Follow Bloomberg Podcasts on Twitter: https://twitter.com/podcasts For coverage on news, markets and more: http://www.bloomberg.com/video #Trump #Economy #Politics #Business #Podcast #Bloomberg What You Know About Recessions Could Be All Wrong