Rule is surprised a recession hasn't occurred yet and attributes this to 40 years of benign economic climate conditioning people to be confident, with their actions determined by recent positive experience rather than future risks.
factualpending
Speaker
Rick RuleEvidence Quote
“I'm surprised we haven't seen it so far and I think I understand what's happening. I think uh I think that we've been through 40 years of very benign economic climate and I think that people are preconditioned yeah to be confident. People's actions in the future are often determined by their experience in the immediate past and most people's experience in the last 40 years been pretty good.”
Created: 8/13/2026, 10:19:24 AM
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