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Economist Tyler Goodspeed: Recessions Driven by Unforeseen Energy Shocks

3/30/2026

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Summary

Story summary

Tyler Goodspeed, former White House economist, argues recessions are unpredictable and driven by unforeseen shocks.
In his upcoming book, he contends energy sector shocks affect the broader economy.
Energy is a crucial input for many industries.
He cites the 1960 recession, influenced by a steel strike, and the 1927 recession linked to Ford.

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Story summary

Tyler Goodspeed, former White House economist, argues recessions are unpredictable and driven by unforeseen shocks.
In his upcoming book, he contends energy sector shocks affect the broader economy.
Energy is a crucial input for many industries.
He cites the 1960 recession, influenced by a steel strike, and the 1927 recession linked to Ford.