Renowned economist Ed Hyman, the chairman of Evercore ISI, has made a bold prediction that a recession is on the horizon, set to hit in the third quarter. Hyman, who is widely respected for his accurate forecasts in the past, has sent shockwaves through the financial world with his latest warning.
In a recent interview, Hyman highlighted several key indicators that suggest an economic downturn is imminent. One of the most significant factors he pointed to is the inverted yield curve, which has historically been a reliable predictor of recessions. The yield curve, which shows the difference between short-term and long-term interest rates, inverted earlier this year, raising concerns among investors and economists.
Hyman also pointed to weakening global economic growth and increasing trade tensions as additional reasons for his pessimistic outlook. The ongoing trade war between the United States and China has already had a negative impact on global markets, and the uncertainty surrounding future trade negotiations is likely to further destabilize the economy.
While some analysts remain more optimistic about the state of the economy, Hyman’s track record of accurate predictions gives weight to his warning of an impending recession. He correctly predicted the 2008 financial crisis and has a long history of forecasting economic trends with remarkable accuracy.
As investors and businesses brace for the potential impact of a recession, it is important to heed the warning of experts like Ed Hyman and take proactive steps to safeguard against economic downturns. Diversifying investments, reducing debt, and increasing savings are all strategies that can help individuals and businesses weather the storm of a recession.
Ultimately, only time will tell if Ed Hyman’s prediction of a recession in the third quarter will come to fruition. As the global economy continues to face challenges and uncertainties, it is more important than ever to stay informed and prepared for any economic eventuality.
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Recession, recession, recession!!!
2024 can make a difference and there wouldn’t be a recession. There wouldn’t be a recession in Q3 and neither will there be a recession in 2024. US economy is at a critical juncture but to call out recession now means your fundamentals aren’t solid. Allow 2024 unfold so can see the road ahead.
The recession will hit when we have our pants down.
Of course, a recession is coming all this inflation rent high gas high food high everything high
Various economists have been predicting a recession for the past 36 months and even a broken clock is correct twice a day
dont listen to this old fool hes always wrong
What people keep missing is our personal debt is at an all time high… so when prices come down, and jobs are cut, then you have a downward spiral
It will happen all of a sudden and catch most investors by complete surprise…my guess anyway
They sit here robbing us with a smile. If you believe they dont all know whats coming months ahead of time, youre being foolish on a pathetic level. They are robbing the world and pretending like theyre "figuring things out" while taking with the other hand
Just on queue. The power that be wants Brandon out, recession right before the election- MAGA 2.0