Liz Ann Sonders of Charles Schwab joins ‘Squawk on the Street’ to discuss her thoughts on the banking crisis, the economy and overall market. For access to live and exclusive video from CNBC subscribe to CNBC PRO:
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BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
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“We have the view this is a rolling recession,” says Charles Schwab’s Liz Ann Sonders
The global economy has been facing unprecedented challenges in recent times due to the ongoing COVID-19 pandemic. As countries struggle to contain the virus and recover from the economic fallout, the notion of a rolling recession has gained traction among experts, including Charles Schwab’s Chief Investment Strategist, Liz Ann Sonders.
Sonders recently expressed her view that the economic downturn caused by the pandemic is not a typical recession but rather a rolling recession. This term refers to the fluctuating nature of the crisis, with different industries and sectors being impacted at different times and intensities.
One of the first industries to be hit hard by the pandemic was leisure and travel. The widespread travel restrictions and lockdown measures implemented around the world severely impacted airlines, hotels, restaurants, and entertainment companies. As a result, these sectors experienced a sudden and sharp contraction in demand, leading to a significant decrease in revenue and a spike in unemployment.
However, as Sonders suggests, the ripple effect of the pandemic on the broader economy is far from over. While some sectors have slowly started to recover, others are still grappling with the aftermath. Manufacturing and retail, for example, are still feeling the impacts of disrupted supply chains and reduced consumer spending.
The rolling nature of this recession is a unique challenge for policymakers and investors alike. Traditional approaches to economic stimulus and recovery may not be as effective because the pain caused by the pandemic is not concentrated in one area or industry. Instead, it is a wave of economic distress that continues to hit different sectors in a staggered manner.
Sonders believes that navigating these uncertain times requires a careful and flexible investment strategy. Investors must recognize that the road to recovery will likely be bumpy, with setbacks and spurts of growth along the way. Diversification and adapting to changing circumstances will be key to weathering this rolling recession.
Furthermore, Sonders emphasizes the importance of closely monitoring indicators of economic health to stay informed and make informed investment decisions. Keeping an eye on leading indicators such as jobless claims, consumer spending, and manufacturing activity can provide valuable insights into the overall state of the economy and help investors adjust their strategies accordingly.
While the prospect of a rolling recession may seem daunting, Sonders remains optimistic about the future. She highlights the resilience of both businesses and individuals throughout history when faced with similar challenges. By recognizing the evolving nature of this crisis and maintaining a flexible mindset, Sonders believes that investors can position themselves to capitalize on potential opportunities as the economy gradually recovers.
In conclusion, the concept of a rolling recession put forward by Charles Schwab’s Liz Ann Sonders offers a fresh perspective on the ongoing economic downturn caused by the COVID-19 pandemic. By acknowledging the varying impact across sectors and the prolonged nature of the crisis, investors can adapt their strategies and navigate the challenging economic landscape. Ultimately, Sonders’ insights highlight the importance of remaining vigilant, flexible, and well-informed during these uncertain times.
There was a video that said most of the people wound want a recession instead of having Donald Trump as president . And for does people who wanted a recession . F ]ck You
You just want to make money
The tools are there to contain it? Well maybe if regulators do there job!!!!!! Throw Becker and Frank in jail. Rolling recession equals stagflation
Dayum, son!
If these Fedsters hike the interest rate tomorrow, I predict the whole market will crash. #endthefed
Sure seems like it could be worse than 2008. This is just the beginning
Ask her about mmtlp….lol. we need a deep recession as a reset to bring on next bull market
The reason stocks have been holding there is no real place in the u.s. to make enough money . Wages dont reflect the costs of goods and services . Everyone wants in on passive income .
Yep, a rolling recession since last spring, nothing new other than over easy or smack down hard!
BRING CASH HOME NOW !
BEWARE OF STOCK SHORTIES !
First Republic Bank has already used up the TBTF banks "injected" liquidity and also lost 99% market cap. from its peak.
Do the TBTF banks have enough LIQUIDITY for their own use !?!
In this inflation are bank runs going to happen everywhere !?!
What's next !?!
or banks and there masters could start to take responsibility this is all down to pathetic risk management, constant money printing and no cnut being held responsible …..just a typical day in big business …the sick fcuks
Meanwhile, "'Truth Social," (a k.a. dRumpfff Social)
which, coincidentally, translates to "'Pravda' Social"
is heading headlong into the Dumps – into, another
Bankruptcy. Who would have thunk?!! … :-))
Just like the non recession when we all got stimulus checks from Bush… before 08’
Tone on tone Liz, red dress….matching lipstick and nice eyeglass tint
We were told by Bidenthis economy and his plans are working. Inflation is transitory. How is it we see the whole economy being affected by overspending and raising rates.
after pushing for wars round the world, trillion what do you expect?