Jamie Cox, managing partner at Harris Financial Group, and Frances Donald, chief economist and strategist at Manulife Investment Management, join ‘The Exchange’ to discuss the accumulating effect of interest rate policy, indicators of a recession, and the rise in jobless claims….(read more)
BREAKING: Recession News
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According to Manulife’s Jamie Cox, nearly every data indicator is suggesting an impending recession. This news is important for investors and the general public to be aware of as it can impact their finances and the overall economy.
One data point to consider is the yield curve, which has historically shown to be a reliable predictor of a recession. The yield curve is the difference between the interest rates on short-term and long-term government bonds. When the yield curve inverts, meaning short-term interest rates are higher than long-term interest rates, it has preceded every recession in the past four decades. Currently, the yield curve is getting flatter, which is a cause for concern.
Another indicator is the manufacturing sector, which has been experiencing a slowdown. The Institute for Supply Management’s factory index dropped to its lowest level in a decade, indicating weaker demand for goods and services. This could lead to layoffs and decreased consumer spending, which would further harm the economy.
Additionally, consumer confidence has been declining. While unemployment remains low, consumers are becoming more hesitant to spend their money. This could be due to concerns over trade disputes, political uncertainty, and an overall lack of economic growth. If consumers stop spending, it could have a significant negative impact on businesses and the economy as a whole.
The ongoing trade tensions between the US and China are also contributing to the potential recession. Tariffs and other trade barriers are increasing costs for businesses, which could lead to price increases for consumers. This could further reduce spending and slow down economic growth.
It is important to note that no one can accurately predict the timing or severity of a recession. However, the various data indicators are pointing towards a potential economic downturn. Investors and individuals can prepare by diversifying their investments, building an emergency fund, and reducing expenses to weather any potential financial storm.
In conclusion, the various data indicators analyzed by Manulife’s Jamie Cox are suggesting an impending recession. It is important for individuals and investors to be aware of this news and take steps to prepare for any potential financial hardships.
The Europeans been collapsing economy for centuries thru those laws the can enslave the world
Anyone ever heard of
" The Recovery Debit Act of 1732"
Feudal Land Tenure
Allodial Title
Zaphaniah Swift Moore
Look it up… then ask yourself who's really collecting and raising your taxes?
The Cons:
"2% Inflation"
"Supply chain issues"
"COVID-19"
"The CARES Act"
"PPP"
"Transitory"
"Labor shortage"
"Employment remains high"
"Pause"
"Pivot"
"Cut"
"Default"
please tell us how to use this recession to make gains! grew my reserve of $110k to over half-a-million dollars between Dec. 2007 and Aug.2008, but the market is different now.
In light of the impending recession and the fact that inflation is still far higher than the Fed's 2% target, several of the most prominent market analysts have been expressing their views on how terrible they believe the next downturn will be and how far stocks may have to fall. I need advice on what investments to make because I'm attempting to create a portfolio for my children that will at least be $850k in value.
Economists and business leaders are voicing concerns at the start of 2023 that the year could be a difficult one. JPMorgan Chase & Co. Chief Executive Jamie Dimon said that the Federal Reserve may need to raise interest rates to 6% to fight inflation, higher than the peak level between 5% and 5.5% in 2023 that most Fed officials penciled in after their December meeting. Although I read an article of people that grossed profits up to $500k during this crash, what are the best stocks to buy/short now or put on a watchlist.
When the Great Depression and other huge catastrophes occurred, I used to believe that everyone went bankrupt, but they didn't… Some made millions; I also assumed that everyone closed their businesses during those times, but certain some did start new ones. It all depends on your point of view; there will always be moments of prosperity for some individuals and times of depression or recession for others. My primary concern is how to grow my reserve of $220k which has been sitting duck since forever with zero to no gains
Several of the biggest market experts have been voicing their opinions on exactly how awful they think the next downturn would be, and how far equities may have to go, as recession draws closer and inflation continues well above the Fed's 2% objective. I'm trying to build a portfolio of at least $850k by the time I'm 60, therefore I need suggestions on what investments to make.
A DEPRESSION IS COMING
Should have sold the majority of my US investments and moved over to Europe and Asia over the last few months.
Sometimes, I feel these guys just enjoy seeing people suffer. We've literally been in a recession since last year and if anything, I was just expecting things to get better. Now they just issue doomsday warnings and projections without solutions. How do we prepare, what do the less fortunate ones like us do?
A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time.
Damn I like the anchor’s hair! It’s so healthy!!
I was around 80s 90s 01 08 16 blah blah all these indicators yet they didn't see those coming, so if they fearful I buying…..
Your last question is the key question which remained unanswered.
It’s not that “people are going risk on”. They just perceive “risk” differently than how it’s defined by MSM. And, they might be right! Holding USD might be riskier than anything headed into debt ceiling/manufactured recession.
The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on the govt. Especially with the current economic crisis around the world. This is still a good time to invest in Gold, silver and digital currencies(BTC, ETH..).
After a 12 year bull run, I’d assume so.