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41. Casualty of the Crisis: Things You Don't Need
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Manage episode 259928492 series 2547319
On April 26, 2020, as most communities remain in lockdown for COVID-19, Glenn Campbell looks back on a video he released a year earlier called, "The Vanity Economy: The First Casualty in the Next Recession". This video was prescient and is rebroadcast here in full. Although Glenn knew nothing of any pandemic back then, he knew that a crash was coming and that it would start with a collapse in the market for nonessential products and services. Everyone needs food and medical care, but they can live without spa treatments, sports equipment, home renovation, new cars and countless other ego-motivated items. In a crash, those are the first things people eliminate from their budgets. Purging things you don't need may seem good for the soul, but it is devastating for a modern economy, which has come to depend on this discretionary market. This episode replays the original 10-minute video (visible on the YouTube version) followed by a commentary bringing it up to date. — Website: DemographicDoom.com — Instagram & Twitter: @DemographicDoom — See the video version of this episode for notes, comments & corrections: j.mp/dd_dontneed [ep 41, 26 April 2020]
64 episodes
Archived series ("Inactive feed" status)
When? This feed was archived on August 01, 2022 18:24 (). Last successful fetch was on May 04, 2022 08:23 ()
Why? Inactive feed status. Our servers were unable to retrieve a valid podcast feed for a sustained period.
What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.
Manage episode 259928492 series 2547319
On April 26, 2020, as most communities remain in lockdown for COVID-19, Glenn Campbell looks back on a video he released a year earlier called, "The Vanity Economy: The First Casualty in the Next Recession". This video was prescient and is rebroadcast here in full. Although Glenn knew nothing of any pandemic back then, he knew that a crash was coming and that it would start with a collapse in the market for nonessential products and services. Everyone needs food and medical care, but they can live without spa treatments, sports equipment, home renovation, new cars and countless other ego-motivated items. In a crash, those are the first things people eliminate from their budgets. Purging things you don't need may seem good for the soul, but it is devastating for a modern economy, which has come to depend on this discretionary market. This episode replays the original 10-minute video (visible on the YouTube version) followed by a commentary bringing it up to date. — Website: DemographicDoom.com — Instagram & Twitter: @DemographicDoom — See the video version of this episode for notes, comments & corrections: j.mp/dd_dontneed [ep 41, 26 April 2020]
64 episodes
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