Joe Terranova, Virtus Investment Partners, and Alicia Levine, BNY Mellon, join ‘Closing Bell’ to discuss Tesla’s market performance post-earnings and overall markets….(read more)
BREAKING: Recession News
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In a recent interview, Liz McCormick Levine, a senior economist at BNY Mellon, shared her concerns about the global economy and warned that we are “slow walking” towards a recession. Levine’s insights shed light on the potential risks and challenges that lie ahead for the financial world.
Levine acknowledged that the current economic indicators may not seem worrisome at first glance. Stock markets are soaring, unemployment remains low, and some countries are experiencing reasonable economic growth. However, she explained that beneath this seemingly stable facade, several red flags are emerging.
One of the main concerns Levine identified is the presence of large debt burdens worldwide. Governments, corporations, and even individuals have taken on significant levels of debt, which can be problematic if not managed properly. Levine pointed out that this growing debt, coupled with rising interest rates, could create a highly fragile economic environment.
Another factor contributing to the potential recession is the ongoing trade tensions, particularly between the United States and China. The trade war has had a significant impact on global supply chains and disrupted the flow of goods and services. Levine highlighted that the uncertainty and instability caused by these trade disputes have the potential to harm economies worldwide.
Levine also expressed concerns about the declining global growth rates. While some countries are experiencing moderate economic expansion, others are slowing down, and a few are on the brink of recession. She emphasized the interdependence and interconnectedness of the global economy, warning that a slowdown in one region could have a domino effect, negatively impacting other parts of the world.
Furthermore, Levine mentioned that central banks worldwide have limited policy tools to stimulate economic growth if a recession were to occur. With interest rates already historically low, central banks have little room to maneuver and may struggle to combat a severe economic downturn. This lack of ammunition could further exacerbate the impact of a potential recession.
Levine concluded by explaining that while the recession is not imminent, the warning signs are there, and it is prudent to be prepared. She stressed the importance of policymakers and individuals considering these risks and taking necessary actions to mitigate the potential impacts. This could involve reducing debt levels, diversifying investments, and promoting global cooperation to resolve trade conflicts.
In summary, Liz McCormick Levine’s warning about us “slow walking” towards a recession should not be taken lightly. The global economy is facing challenges such as mounting debt burdens, trade tensions, declining growth rates, and limited policy tools. It is crucial for individuals and policymakers to be proactive in managing these risks and preparing for a potentially turbulent economic future.
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6:36 As the economy crisis keep rising,one needs to have different streams of Income, as well as secure a profitable Investment future. detailed diversified Investment portfolio in the financial markets is needed to survive!!!..
Recession is most likely the result of an external factor. For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.
Recession fears mount on Wall Street and inflation remains well above the Fed's 2% target, some of the top commentators in markets, business, and economics have been sounding off on just how bad they think the next downturn might be — and how far stocks may have to fall. I need ideas and advice on what investments to make to set myself up for retirement, my goal is to have a portfolio of at least $850k at the age of 60.
A number of the most well-known market analysts have been expressing their opinions on how bad they anticipate the upcoming downturn will be and how far equities may have to go in light of the impending recession and the fact that inflation is still far higher than the Fed's 2% target. I'm trying to build a portfolio for my kids that will be worth at least $850k, but I need guidance on what investments to make.
Nobody knows what will happen to the stock market
My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in US.
I have been buying some stocks since the beginning of the year, but nothing substantial. Why am I treating this poorly? However, people in the same profession are earning six figures on articles, which inspires me to aim toward becoming the first person in my polygamous family to hit the million dollar mark. I am perfectly aware that working harder to gain more money is expensive.
I like how people keep saying a recession is imminent when we've been in one for two years.
All be design every 30 years!
8 stocks make up sp500 rise this year. Don't be suckered. Now the big 8 will collapse.
30-50% drop into 2024
Nasdaq down 25%
Sp500 down 25%
Russell down 30%
Notice how they say year to date? Suckers born every minute.
We knew a year ago. These hucksters were pumping and selling while you bought 0DTE and Tesla…. Suckers
According to some experts, the United States and other regions of Europe may have a recession in 2023. Because China and emerging countries frequently grow faster than more developed economies, a global recession, which is defined as a decline in annual global per capita GDP, is more uncommon. Fundamentally, if economic growth lags behind population growth, the global economy is said to be in a recession.
..Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places
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.
He says, "the rhetoric we hear from the fed means they do not understand the environment we are in." And then goes on to list a lot of things the fed would know about. Won't they be judged on how things play out with inflation and jobs. So many people all over the map on the fed right now.
Damn how much times a year is CNBC going to call a recession
These are fantastic takes, I feel exceptionally lucky I started investing in my early 40s and consistently compounded my income via assets to create more cash flow. I grew to a 7 figure well-diversified portfolio having exposure to different prolific investments mainly savings account, stocks, bonds and high yield dividend funds. Forever grateful to my adviser Gregory Thomas Patchak. Passive income is mandatory for building long term wealth.
So the evil Republicans try to stop more money being thrown away on nothing and were attacked for it even though the democrats ludicrous spending has already hung a huge unnecessary weight around the neck of the poorest among us this “news” network continues l to shill for the for democrats by acknowledging that we may possibly some years down the road in the very very distant future might have a tiny almost unnoticeable bump in the road that’s already been here for 2 years. This is Pravda Circa 1970 “news reporting”. It’s pathetic and so are you for sitting here and watching this nonsense nodding your head and saying yep.
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.
If you say a recession is coming over and over again and you will be right eventually. Maybe the recession is close maybe we have another bull run. Nobody knows.
Fed is waiting high jobs unemployment before they will Pause..
We’ve been hearing recession since last year….eventually they will get it right. I also heard housing crash coming since 2018.
Joe I like ya, but few months ago on Josh's the Compound you said this would be some of the best returns because of where it fell in the presidential election cycle… analysts spin factory …
They say a recession is coming but there was so many people out in cars
The whole city was traffic
And the school pickups were over I trying to bypass traffic and everywhere the streets were full and we have $5 gallon gas
Time for QE and a rare cut ?
"so far it's not a crisis?" An incident? Wake up!
This is a great video, I learned a lot from watching your videos and it helped me. Building a steady income is quite difficult for newbies. Thanks to Ms. Haylee marie for enhancing my portfolio. keep making good videos.
Recession is most likely the result of an external factor For the first time in decades , the United States is losing its clout as a federal reserve currency . They don't have any more economies to use to control inflation , and less money is being spent on stock and oil trading than in the past . They all lend support to the idea that a new multilateral world order is in the works .
We're in a gradual bull market. Read the charts.
Tesla lost tens of billions today. Did they do a promotion with a transgender and make the snowflake maga republicans mad ?
They need to speed it up a little bit, slowing walking is so tedious.
Joe literally has no clue.
Joe Biden and Fed wants to avoid recession but it's gonna happen regardless even if they print another 10 trillion
He doesn't know if he's coming or he's going.
Price war in 2% of new car sales!
Don't go on what you "feel". Follow the trend, the average, the general direction. Get yourself a chart, put a 200 day moving average on it. Is it moving up/down? Fear will save you from being chased by a wild animal. That's your instinct. Don't confuse that feeling when sitting in front of your computer screen; that's what movie screens are for.
Joe T, the flip flopper oracle.
Jesus.these commentators are so stupid. All of a sudden they are on the recession bandwagon? CNBC is a joke for valuable information. Pure entertainment pump and dump scammers