#Recession #Economy #market
Lakshman Achuthan, Economic Cycle Research Institute Co-Founder, joins Yahoo Finance anchors Julie Hyman, Brian Sozzi to discuss the odds of a recession occurring, the causes of a potential downturn, and the outlook for the economy.
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BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
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The economy has been on an upswing for a while now and things seem to be going well. However, experts believe that this cycle of growth may be coming to an end soon. According to Economic Cycle Research Institute Co-Founder, Lakshman Achuthan, a recession is inevitable but it’s not going to happen very soon.
After the Great Recession of 2008, the United States witnessed an economic boom that lasted for over a decade. Despite the recent economic downturns caused by the Covid-19 pandemic, experts believe that the economy will ultimately pick up again. But as history has shown us, every period of prosperity is followed by a slump, and this time it may not be any different.
Achuthan and his team have been diligently studying and analyzing the business cycles for over three decades. He believes that the US economy has entered a slowdown phase and is inching towards the recession phase. But he is also certain that this is not going to happen immediately.
Many factors point to a recession such as rising inflation, trade tussles between the US and China, and a slowing global economy. The pandemic has also played a major role in this slowdown. The economic stimulus packages, unemployment benefits, and other relief measures have been a lifeline for many Americans during these tough times. But as these programs wind down and businesses strive to reopen, the economy may face another downturn.
The US economy is known for its cyclical nature. In the past, we have seen several such ups and downs. Experts believe that this is just another cycle, and the economy will eventually pick up again. If we look at the history of the US economy, a recession follows every 6-7 years. The last one took place in 2008, and since then the economy has been performing well. However, with the current phase of slowdown, it seems like the next recession is around the corner.
To summarize, a recession is imminent, but not right around the corner. We need to buckle up for the bumpy ride ahead and prepare ourselves for the economic slowdown. While we cannot predict the future, we can safeguard ourselves by being financially prepared and setting up a contingency plan for unforeseen circumstances. The good news is that every recession has come to an end eventually, and the US economy will rise again.
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The government is claiming that under Biden unemployment is exactly the same as it was at its best under Trump. Yet the labor participation rate is a full 1.6% lower under Biden than it was under Trump, so what's going on? After you have been on Unemployment for a year, or quit responding, the government assumes you got a job and quits counting you as unemployed. Unemployment numbers aren't the true employment figure, labor participation rates are. What's happened to the 1.6% of the population who are eligible to work, yet aren't? Why have they given up finding a job under Biden, yet were working under Trump. This shows why the economy is starting to tank, the Biden administration's economic programs like all liberal economic programs are garbage and they have no will, desire or ability to fix it
Not the tennis balls!
The RECESSION snowball started about a month and a half ago!! Go out in the world and talk to the average person
It has always been the Biden administration starting with the penalties on oil production and continuing with the relentless quantitative easing.
"find your dream job and save your money" sounds like the typical consumer tactics… why don't we buy gold and silver like central banks instead?
it seems clear that FIAT is going to 0, the system is about to crumble to peices.
I super listened to the super insightful analysis and I super want to super understand how super inflation affects super recession. This is super important (imagine I am up-talking or super duper up-talking).
Why is oil in Saudi Arabia still at $1.15 per liter?
Remember when things were amazing just 2 years ago? Elections have consequences. Ask yourself what do you prefer? Mean tweets or no job, no house or anything.
This was all due to poor decision making by the Biden administration. Why did we give these people power, even Trump with all his bloviation would have kept this from happening.
Recession comes only companies decide to prioritize labor cost saving over the growth. However, if capitalists see the potential to grow, they will invest, which is the nature of capitalists, and that labor costs are just part of company's spending, while growth represents whole activities of the company.
Trump pressured Jerome Powell to keep rates low for an extended time. There was never a President who talked about the Fed Chair as much as he did.
LOL, we’re already in one. We just won’t be able to confirm it until next month.
This recession is because of China and Russia…
I don't understand how it could be Biden assault
Why is the war in Ukraine not even talked about?
Oh lordy we are already in the recession, at least in a town in north Texas. When there has been no wage increases and you have to drive 80 to 90 miles for doctor visit figure it out.
We are in the recession now
We are moving towards what The Bible says 'War of Armageddon'.
The Globilization. The advent of One World, One World Government, One Economy, One Global Citizenship and the advent of the Anti-Christ the one-man ruler of the world.
And then The Grand Climax – The Second Coming of Jesus Christ – coming as The Lion and The Judge. And then The Judgement Day every single human being to face accountability before Jesus Christ The Judge.
And then the end of fallen evil world.
And then the eternity in hell, OR eternity in heaven through Jesus Christ which is free for all who repent of sins in Jesus.
The Bible prophecies to fulfil.
Bring it on.
Until then…
"For God so loved the world that he gave his one and only Son, that whoever believes in him shall not perish but have eternal life. For God did not send his Son into the world to condemn the world, but to save the world through him".
John 3:16-17 The Bible
Achuthan is most famous for his recession call in 2011. It never happened and he disappeared off of media for some time. Is he right about his recession call now? Maybe.
I want to start investing. Is it safe to start now, or should I wait until the end of this possible correction/bear market, despite the economic crisis facing the world, is this the right time to invest in stock,Gold/crypto?
Tantalizing??????
this guy knows what hes talking about
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These idiots are the same ones saying the housing market was safe in '07. This won't be a recession. A debt crisis is coming.
Even the feds don't know the answer; they embellish the facts and make it seem like the economy is fine.
“Build back better” Bidenflation
<<Consider the Economy as One Huge Engine that Produces the Life Styles that Humans live & Prosper & create a Healthy Financially secure future for their Families . Corruption, Manipulation , creation of Unhealthy Political Policy & Diplomatic Environments is a recipe for Engine Failure. People are equally losing money in the financial market in the midst of all these>>
The real problem is Biden. It all started when he became president.
Oil price spikes are a pretty solid harbinger of a recession. Unless something comes about to reverse the oil price spike quickly, a recession seems highly probable. Interest rate hikes are just increasing the probability of a recession even more. But recessions do have positives. Gets rid of bubbles like in housing and the stock markets.
As bad as it is, and we still haven't hit a recession yet? I need to find a cheaper brand of dogfood for dinner.
Once this GDP print comes out and we are in a recession 2022 im going to find everyone of these videos and cuss yall the hell out. The best economist in the US said CPI would be 8.3 – 8.2. Cpi came in at 8.6. Its so high we have lost cabin pressure in here!! NONE OF YOU ANALYSIS KNOW. Just STFU.
Resession is coming
Thank you for quality programming.< What you are describing here is accurate – the flight to safety to the US stock market and dollar. This is what is keeping the market going at this time and preventing a crash. This "melt UP" phase will go on for a while, then as the global economy crashes so will US markets only harder due to the "No Win scenario" that has been created by so much obscene debt. Next comes the "Default Phase" with mega-massive bankruptcies and lastly "Asset Seizures" where banks and the Fed government will simply declare an extreme national emergency to justify the crisis and debit your account directly. The fools will think that this could never happen. The actual legislation for this type of action is already in place. My advice to anyone feeling the heat in this inflation, just trade long term more than ever, I have made over 523k from day trading with Shirley Bagshaw in few weeks, this is one of the best medium to backup your assets incase it goes bearish….
Last time the Great Recession happened was when Gas hit $4 and now we're close to $5. Once it hits $5 or $6. We'll see a bigger recession than last time.