#yahoofinance #recession #economy
Carson Group Chief Market Strategist Ryan Detrick joins Yahoo Finance Live to discuss the outlook for the economy, historical context on Santa Claus rallies, and where to find value in the stock market.
Don’t Miss: Valley of Hype: The culture that built Elizabeth Holmes
WATCH HERE:
Subscribe to Yahoo Finance:
About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
To learn more about Yahoo Finance Plus please visit:
Connect with Yahoo Finance:
Get the latest news:
Find Yahoo Finance on Facebook:
Follow Yahoo Finance on Twitter:
Follow Yahoo Finance on Instagram:
Follow Yahoo Finance Premium on Twitter: …(read more)
BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
The United States economy has been showing signs of slowing down in recent months, sparking concerns that the country may be headed for a recession. However, one strategist is remaining optimistic about the future of the economy.
According to Maria Fiorini Ramirez, the CEO of Maria Fiorini Ramirez, Inc., there are several indicators that suggest the U.S. economy is not likely to enter into a recession anytime soon. Ramirez points to low unemployment rates, strong consumer and business spending, and solid corporate earnings as reasons why the economy is still on solid footing.
Ramirez also notes that the Federal Reserve’s decision to cut interest rates by a quarter of a point in July is unlikely to have a significant impact on the broader economy. While the rate cut may provide a modest boost to consumer spending and business investment, Ramirez believes that it is unlikely to be enough to offset the impact of ongoing trade tensions and slowing global growth.
Looking ahead, Ramirez believes that the U.S. economy will continue to grow at a moderate pace, with GDP growth likely to come in around 2 percent for the rest of the year. While this is slower than the pace of growth seen in 2018, it is still far from a recessionary level.
At the same time, Ramirez cautions that there are several risks to the economy that could cause a downturn. These include ongoing trade tensions with China, a potential escalation of the trade war, and further weakening in the global economy. However, she remains optimistic that the U.S. economy will be able to weather these challenges and continue to grow.
In conclusion, while concerns about a potential recession have been mounting in recent months, there are still many reasons to be optimistic about the U.S. economy. With low unemployment rates, strong consumer and business spending, and solid corporate earnings, the economy is still on solid footing. While there are risks that could cause a downturn, many experts, like Ramirez, believe that the U.S. economy is unlikely to enter into a recession anytime soon.
So in short: No one knows. There is a lot of unique macro conditions
Good:
1) The labor force participation rate dropped 1% Feb 2020 – Now & immigrants as a percent of population remained unchanged aka workers are doing well
2) Fed popped the asset bubble which is only a problem with the plutocrats
3) State/Local, Federal, Household, and Business debt as a percentage of GPD has steadily decreased since Q2 2020
4) Labor productivity dipped in Q1 of 2022 but was more than made up for with the increase in Q2 2020
Bad:
1) CPI and PCE dropped 5% Feb 2020 to now
2) Higher Fed Rate = less capital investment = decreases rate of long run aggregate supply growth
3) Wall Street was never properly regulated after 2008. So they could have invented another "financial product" with unknown risk, that will crash the global economy
Ehhh:
1) Companies have been prepping for a recession & slowed hiring. That may prevent mass layoffs if we do have a problem
2) All those tech companies that were WAY overvalued are experiencing a correction
3) All those tech companies, funded with venture capital, with no path to profitability are crashing and burning
4) Supply chains get REAL messed up & adjustments were made
So Idk? Might be a problem, might not be. Im definitely no professional, but Im not seeing anything particularly great or terrible
As 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.
I’m calling BS.
People are hurting.
We not going into a recession we already there.
The biggest concern should be, if the Fed keeps printing at this rate, US dollar will loose reserve status, I'm sure no one wants that. The only way to fix the fake economy is to have a deep recession
Why can't the Fed let the current rates work through the economy. Nothing happens in a week or month! Stop and wait before you do a Greenspan!
Of course not. The US economy will go through the roof for years and years to come, despite of the housing market crash, stock market crash, heavy layoffs, as long as the government is willing to cook the numbers
Nonsense. Slight uptick in economic activity due to holidays…
I think people are underestimating just how bad inflation is. The Feds don’t have a choice; they
have to raise interest rates or risk having a depression later. They also have to bring down price
(inflation) increases in energy commodities (49.5%), used vehicles (26.4%), etc. Home prices have
increased by 59.2% since the pandemic! Middle-income Americans are now squeezed out of
homeownership. That’s a recipe for disaster for our society and is completely unsustainable!
Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a
VP at a global company. Own 3 rental properties. Invest in stock and biz, built my own business, and have my net increase by $500k in the last 4 years
Is this guy living on the moon ? Since when stocks were indication of economy’s status & financial stability ? Haven’t you seen all stocks were skyhigh before the 2008 crasch. When there is a bubble or over speculation stocks will always get hyped. Then you have the housing market, manufacturing struglling and you just ignore that. Strategist of potato farming maybe.
Ryan and this yahoo channel in general are a complete joke! These people are honestly mainstream puppets.
TECH STOCKS to do better due to COVID RISE… more work from home and digital services… FED may not increase interest rates much due to covid… Also inflation fell due to decreasing fuel prices
So he's basing his expectations on past election and health care??
Well, when you change the definition…
I hope we enter recession deeper one and short one at least 1 year and half
Is he a car salesman? I guess..
How much of the world is owned by BlackRock?
According to Marketwatch, there is currently around $40 trillion in circulation around the world — which means BlackRock manages a quarter of the world's money.
No such thing as recession
Only a term to scare u
2008 recession vs 2022
2022: higher inflation,less production, bigger housing market bubble, higher credit debt. Stop believing these paid actors and get ready cause this sounds like the 70s depression
Recession is baby for what we are going to face
Economy is in trouble because lack of employees, productivity issues, high interest rates, supply chain disruptions, information, war and global uncertainty!
After being so many negatives in the market . this guys seems to be very optimists
This guy is straight up clown.
Correct. It's going into a great depression.
0:44 careful what you wish for
Lol I know that’s right
Credit card debt is at an all time high.
Lol make up your mind
Likely it is
Pretty sure I've seen this guy selling phone cases at the mall.
You heard it here folks soft landing. This time it’s different
Bull
Lol
Consumer confidence? Black Friday didn't get Consumers out, why would x-mas?
Stop lying, you people have millions of dollars and don’t know what’s going on in the average people world recession is here people are cutting back in every industry
on because they have redifined the term recession. weve been in recession all year. this will turn out a depression especially here in the uk. where is this guy been hiding in his mansion not looking at real life in the city
lol, sounds like someone is still holding expensive baggage.
this clueless fool