Recorded at the Mises Circle in Fort Myers, Florida, 4 November 2023.
Special thanks to Murray and Florence M. Sabrin for making this event possible.
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BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
As we move through 2021, there is a growing concern about the state of the economy and whether we are headed for a recession in 2024. The impact of the COVID-19 pandemic, ongoing inflation, supply chain disruptions, and other economic factors have sparked apprehension among experts and policymakers.
Patrick Newman, an esteemed economist, has been analyzing the current economic trends and factors that may lead to a recession in 2024. His recent findings are raising serious concerns about the state of the global economy and its potential impact on businesses and individuals.
One of the main factors that Newman highlights is the ongoing inflation. The Federal Reserve’s aggressive stimulus measures and rising commodity prices have led to a significant increase in inflation. This has put a strain on consumers and businesses, leading to decreased purchasing power and higher production costs. If inflation continues to rise unabated, it could potentially lead to a recession in 2024.
In addition, supply chain disruptions have also played a significant role in the uncertainties surrounding the economy. The pandemic disrupted supply chains across the globe, leading to shortages of essential goods and increased production costs. This has put a strain on businesses and may lead to decreased economic output in the coming years.
The labor market is also a cause for concern. While unemployment rates have been steadily declining, there are still significant challenges in the job market, including a mismatch between available jobs and the skills of the workforce. If these challenges persist, it could have a negative impact on the overall economic growth and stability.
Geopolitical tensions and trade disputes are additional factors that can contribute to a potential recession in 2024. The ongoing trade tensions between major economies, such as the United States and China, as well as other geopolitical conflicts, can have a significant impact on global economic stability.
Patrick Newman’s analysis and findings raise important questions about the future of the economy in 2024. Individuals and businesses need to be prepared for potential economic downturns and take proactive measures to mitigate the impact of a potential recession.
As we move forward, policymakers and industry leaders will need to closely monitor the economic indicators and take strategic measures to address potential risks and challenges. By taking a proactive approach to economic uncertainties, we can better prepare for potential recessions and minimize their impact on our lives and livelihoods.
too soon. junior…wait till end of 2025..
Those metrics are skewed to make the economy look good. Take the metrics that matter for the average person, ( household income, food, fuel, rent, mortgage, utilities [ electricity, water, sewage, internet ], propane, car payments, entertainment, eating out, vacations ), and you will see how bad it really is. I can say for myself, that my expenses have gone up more than twice but my income has not. Want to see how bad the economy really is, take a look at what happened to energy, manufacturing, agriculture, and quantity of small businesses over the last 50 years, it is shocking.
Curious to know how this supports/contradicts the implications of the inverted yield curve, as well.
We're already in a recession! The question is are we going into a full blown depression? (Hint: when they finally admitt we are in a recession that's when you know it's a depression)
We've been in recession for quite a while.