Jean-Francois Tardif, founder and portfolio manager at Timelo Investment Management, joins BNN Bloomberg to discuss his investing outlook as UBS agrees to buy Credit Suisse. Tardif says that the banking sector in the U.S. and Canada is okay right now but European banks are weaker after experiencing a lower-rate economy. He discusses his cautious stance in the markets saying that a lot of these stocks are not the place to be, and breaks down his criteria for when to buy back into the markets.
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BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
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In an interview with CNBC, Jean-Francois Tardif, chief investment officer at Guardian Capital, has expressed concerns over the possibility of a world recession in the near future. Tardif believes that the current economic climate is extremely volatile and unpredictable, and the markets are on their way to falling into a state of recession.
Tardif cites a number of factors which he believes are contributing to a global slowdown. Firstly, trade tensions between the United States and China have been escalating in recent months, with both sides imposing tariffs on each other’s goods. This has had a significant impact on global economic growth, with many countries experiencing a slowdown in export demand.
Secondly, Tardif believes that the world economy is currently in a fragile state due to excessive borrowing by companies and governments. This unsustainable debt, combined with rising interest rates, could lead to a domino effect of defaults and bankruptcies, triggering a recession.
Finally, he feels that the markets are currently overvalued, and investors are placing too much faith in central banks to support growth. Tardif argues that the current system of quantitative easing is not sustainable in the long term, and that when the next crisis hits, central banks may not be able to provide the necessary stimulus to keep the markets afloat.
While Tardif’s predictions may seem gloomy, he also suggests that there are steps investors can take to protect themselves from a potential recession. He advises diversifying portfolios, investing in safe-haven assets such as gold and silver, and holding a certain percentage of cash to take advantage of future buying opportunities.
In conclusion, Jean-Francois Tardif’s warning that the markets are on their way to a recession should not be taken lightly. While there are indicators of a slowdown, it is important for investors to be proactive in managing their portfolios to mitigate risk and take advantage of opportunities. Only time will tell whether Tardif’s prediction proves accurate, but it is always best to be prepared for the worst.
The Fed will acknowledge that they were late to the game, that inflation has been more persistent than they were expecting. So they probably should have tightened sooner, Some analysts believe that the larger banks are resilient and are more worried about the smaller and mid-sized banks. Well, I'm still at a crossroads deciding if to liquidate my $138k stock portfolio, what’s the best way to take advantage of this bear market?
Lol this guy has no Freudian filter at all: “when people have to sell something they love, that’s when you get great bargains”
The current system is completely unsustainable. The only reason it continues 'as if' is lending and debt. Lending for healthcare, for homes, for education, and plain old credit cards. trouble is, when the bottom falls out, the lenders get bailed out and consolidated, and everyone else loses their shirt.
Spend like a poor man. Reduce or stop all borrowing. Hunker down and lie low.
A powerful coincidence is preparing in the US. Expansion, bank breakdown, serious dry season in the horticultural belt, downturn, real estate market decline, bank emergency, food deficiencies, diesel fuel and warming oil deficiencies, child recipe deficiencies, accessible car deficiencies and costs, the cost of residing place. It's all approaching together and it could prompt a genuine calamity towards the finish of this current year (or sooner). With expansion at present at around 6%, my essential concern is the way to expand my reserve funds/retirement asset of about $300k which has been exposed target since perpetually with zero to no increases.
Well to me the greatest lesson of 2022 in the stock market: Nobody knows what is going to happen next, so practice some humility and follow a strategy with a long term edge.
This recession is most likely the result of an external factor. For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.
Recession is most likely the result of an external factor. For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.
The Fed will acknowledge that they were late to the game, that inflation has been more persistent than they were expecting. So they probably should have tightened sooner, Some analysts believe that the larger banks are resilient and are more worried about the smaller and mid-sized banks. Well, I'm still at a crossroads deciding if to liquidate my $138k stock portfolio, what’s the best way to take advantage of this bear market?
Hold cash, get paid 5% to hold it. Let these idiots figure out the markets.
RICH GUY: EVERYTHING'S FINE. That's why I'm being interviewed on television. Crisis? There's no crisis. Go back to sleep now, peasants.
I don't see how a world recession can be fixed quickly with govts pulling against each other
Now the citizens of the world are bankrupt via our governments especially in the United States!
Lots of cramers out here
Capital gains tax is stifling. You only get roughly 20% profit. Risking my capitol for government gains sucks. : P LOL
Sometimes I really wondered how people make this huge profits investing on the stock market online, I agreed with you investing and earning is a legitimate way to gain financial freedom, but how is it done?