“This economy is not an inflation-prone economy,” JPMorgan Asset Management Chief Global Strategist David Kelly says during an interview with Jonathan Ferro on “Bloomberg The Open.”
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JP Morgan’s chief global strategist, David Kelly, has made a prediction that the United States will be on the edge of recession for the next two years. His prediction is based on several factors, including slow economic growth, trade tensions, and the potential impact of the upcoming presidential election.
One of the main factors that Kelly cited for his prediction was the current state of economic growth in the United States. While the country has experienced a long period of economic expansion, the growth rate has been slowing down over the past year. The recent trade tensions with China have also hurt the US economy, leading to a slowdown in manufacturing and business investment.
In addition, the upcoming presidential election could also have an impact on the US economy. Kelly notes that if the election results in a divided government, with a Democratic president and a Republican-controlled Senate or House of Representatives, it could lead to a significant amount of gridlock in Washington. This could make it difficult for policies to be put in place to address economic issues and could potentially lead to a recession.
Kelly’s prediction is not without its critics, however. Some economists have pointed out that there are still signs of strength in the US economy, such as low unemployment rates and strong consumer spending. Additionally, the Federal Reserve has been cutting interest rates to support economic growth, which could help stave off a recession.
Despite the mixed opinions, Kelly’s prediction should serve as a wake-up call for policymakers and investors. While a recession is not imminent, there are certainly warning signs that indicate the US economy could face a difficult period in the coming years. It is important for leaders to take proactive steps to address these issues and ensure that the country continues to grow and thrive.
I will forever be indebted to you Jim Alan Yockey, you have changed my entire life. I will continue to preach in your name for the world to hear that you saved me from huge financial debt with just a small investment. Thank you very much, Yockey.
RIP capitalism.
civil war coming.
unchecked poverty always causes it.
A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time.
Bloomberg is going to keep us on edge of recession for next 20 years
We are in a recession, those denying are pure naives.
Listening to another monkey in a suit?
Trump 2024……I told you so !!!
Does news even matter??
Markets reach a peak – Jobs are high!! We are heading for recession!!!
Markets reach a bottom – Inflation is falling! We are recovering!!
Do you even follow news or just long term market trends??? Even Powell is following the same theme of creating artificial volatility. Do you see people going crazy and running around like in 2008? Yet the same volatility has been replicated?? People will lose trust in stock markets if this manipulation continues.
You are changing your opinions every month, and yet talking about next 2 years. And you have been doing this for a year. Bloomberg is becoming an expert at fooling people. Its because of news channels like you that 90% of people lose money in trading and options.
2023 Brings New Challenges to AI Employment Screening Compliance.
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Thanks for the good news.
Already in one.
Recession will only happen when something actually breaks. Unless no recessive at the time.
Correction… US will be in a Great Depression by the end of 2023
Give me a breake with those lies.
Do you think we re stupid?
Give work visas to those refugees at the southern border.