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Podcast: Money Life with Chuck Jaffe
Episode: Amid chaos and growing recession fear, economist Yaruss leans into gold
Description: Economist Howard Yaruss, the author of "Understandable Economics" and a professor at New York University, says that the market and the economy are strong on average, but that "chaos" — including the international tensions that escalated in Iran over the weekend, but also tariff and trade policies and more — should have investors leaning into gold. Yaruss notes that the market has seen so much speculative activity — including trillions for dollars invested into artificial intelligence infrastructure — so that when people see smaller-than-expected payback, the market and economy could go through the kind of demoralizing event that, historically, creates a recession.   Ya...