Torsten Slok, Apollo Global Management chief economist, joins ‘Squawk on the Street’ to discuss his thoughts on the global economy, why the Federal Reserve believes policy may not be tight enough, and the Federal Reserve’s tools to bring the economy out of recession should it begin….(read more)
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Recession is coming on the horizon, says Apollo Global’s Slok
Economic experts and analysts have been keeping a keen eye on the global economy in recent months, and their assessments are starting to sound more and more ominous. According to Torsten Slok, the chief economist at Apollo Global Management, a recession may be on the horizon.
Slok, a well-respected figure in the world of finance, has been known for his accurate predictions in the past. His latest warning about a possible recession has sent shockwaves through the financial community, as investors and policymakers scramble to prepare for the potential fallout.
The warning comes at a time when there are increasing concerns about the state of the global economy. Several key indicators, such as slowing growth in major economies like China and the Eurozone, as well as trade tensions between the United States and China, have raised red flags about the potential for a downturn.
Slok points to a number of worrying signs that suggest a recession may be looming. One of the major concerns is the inverted yield curve in the bond market, a phenomenon that has historically preceded economic downturns. In addition, manufacturing activity has been slowing down in many countries, and business investment has been weakening.
The potential impact of a recession is significant, as it could lead to job losses, reduced consumer spending, and a decline in business confidence. Central banks and policymakers will be under pressure to implement measures to mitigate the effects of a downturn, but the effectiveness of these interventions remains uncertain.
Slok’s warning serves as a timely reminder for individuals and businesses to assess their financial positions and make necessary preparations. It’s also a call for governments and central banks to take proactive steps to safeguard the economy from the potential fallout of a recession.
While the prospect of a recession may be cause for concern, it’s important to remember that economic cycles are a natural part of the financial system. By staying informed and being proactive in their financial planning, individuals and businesses can navigate through challenging economic times with resilience.
It remains to be seen whether Slok’s warning will materialize into an actual recession, but it’s clear that the global economy is facing a period of uncertainty. As the situation continues to evolve, it will be crucial for all stakeholders to remain vigilant and adaptable in the face of potential challenges.
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
As we witness the current economic landscape, it's becoming increasingly clear that we're entering a recession. These times can pose significant financial challenges.
when, what can we do to speed it up, We really need a depression, that would be awsome. let do what we can to make this happen sooner !!!!!!!!!!!!
Instead of trying to predict and prognosticate whether or not we’re going into a recession, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
A recession is normal we are way overdue for one. People always freak out but if u just prepare for it and live frugal you’ll be ok. Now the ones that keep up with the joneses u all are in deep trouble.
Housing is manipulated by greedy investers. They control by stocking many cacant houses and shaow inventories. The government should attact by increase property tax who hold vacant housing.
economists are always wrong
S&P 3850……..SHORT SIG!!!!!
Sara Eisen is cool. She likes oreo cooking as a midnight snack. ❤❤❤
This is the problem, EVERYBODY including myself believes the Fed is coming to the Rescue if sh*t hits the fan, and therefore the sh*t isn't going to hit the fan. There's NO need to be afraid, just go buy a house, splurge endlessly, invest in stock market…etc, and as a result, inflation goes higher & higher & the Fed has to do more & more.
Of course the US economy looks resilient after over $3 trillion was thrown around during covid. Almost 4x the amount of the 2008 bailouts.
Recession is often the result of external factors, and it appears that the United States is losing its grip as a federal reserve currency. With a decreasing ability to control inflation and a reduction in stocks and oil trading, it seems that a new multilateral world order is on the horizon.
There won’t be any recession. We’ve heard the same nonsense for two years straight. It’s impossible for a recession to happen when demand for goods and services is this high
She sounds like a cheerleader, lol
Torsten Slok is clearly a card carrying member of the Peter Schiff school of economics whereby you call for recession and sooner or later you will eventually be right.
,, x, ,, e byne
I'm celebrating a $32k stock portfolio today. I started this journey with $4000 have invested on time and also with the right tearn now have time for my family and the life ahead of me
Strong US Economy = Moronic Consumer Debt Slave.
Will it come in the morning or in the afternoon?
Stop quoting cpi when you know the data is wrong. Housing is way wrong. Inflation is already under 2
love Sarah was picking up his accent