#recession #inflation #yahoofinance
Thomas Kennedy, J.P. Morgan Global Wealth Management Chief Investment Strategist, joins Yahoo Finance Live anchors Julie Hyman, Brad Smith and Brian Sozzi to discuss U.S. inflation, rising rates, market trends, a recession probability, and the outlook for the global economy.
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BREAKING: Recession News
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Recession Risks ‘Are Fully Elevated,’ Market Strategist Says
As the global economy faces increasing uncertainty and turbulence, one market strategist is warning that the risk of recession is “fully elevated.” Chris Rupkey, chief financial economist at MUFG Union Bank, says that a number of factors are contributing to this heightened risk, including trade tensions, slowing global growth, and geopolitical volatility.
One major factor driving recession risk is the ongoing trade war between the United States and China. The two countries have been locked in a bitter dispute over trade policy, with both sides imposing tariffs on each other’s goods. This has led to higher costs for businesses and consumers, reduced global trade flows, and increased uncertainty for investors. If the trade war continues to escalate, it could have serious implications for the global economy.
Another factor contributing to recession risk is slowing global growth. The International Monetary Fund (IMF) recently downgraded its global growth forecast for 2019 to 3%, the lowest since the financial crisis in 2008-2009. This reflects weaker-than-expected economic performance in major economies such as the United States, China, and Germany. Slower growth makes it harder for companies and governments to pay their debts, which could lead to broader financial instability.
Finally, geopolitical volatility is also adding to recession risk. Political instability, conflicts, and natural disasters can all disrupt economic activity and lead to financial stress. From the ongoing Brexit saga to the protests in Hong Kong to the recent attack on Saudi oil facilities, there are a number of geopolitical risks that could impact the global economy in unpredictable ways.
While these factors are certainly concerning, Rupkey cautions against panic. He notes that the U.S. economy is still showing signs of resilience, with low unemployment, rising wages, and solid consumer spending. However, he also emphasizes that policymakers need to be vigilant and proactive in addressing the risks to the economy.
In particular, Rupkey calls for more aggressive action by central banks and governments. He argues that central banks should lower interest rates and inject more liquidity into the financial system to support growth and prevent a credit crunch. Governments, meanwhile, should pursue policies that promote investment and innovation, such as tax cuts and infrastructure spending.
Overall, while the risk of recession may be elevated, there are still opportunities for policymakers and investors to take action to mitigate these risks and promote sustainable economic growth. By working together, we can help ensure that the global economy remains strong and resilient in the face of political and economic challenges.
First off I’m so tired of all these economy experts who think that they know everything about if we go into a recession or we may not go into a recession. Our economy is getting worse and weaker all the time and we have no control over it. Inflation continues to go higher and everyone wants to just blame China and Russia is mostly to blame on this for their invasion on ukraine. China might have a little to do with the economy problems but Russia definitely needs to take full responsibility for this.
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!
We have been on a recession since the beginning of 2022, but big media and governments all over the world didn’t want to admit it. We need to be wise and use our brains. Knowledge is power and I’d like all the family to be powerful! I trade and hold profits, ROBERT RUSSEL DANIEL has been doing a great job reviewing all chart, trade and techniques on BTC which has enhance the growth of my portfolio to 9.5 BTC lately.
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate whether or not we’re going into a recession and precisely when it’s going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
I am a property owner in Tampa, it is pitiable what is happening in the housing market. Ian was ruthless, but I wasn’t affected. I am not doing so well in the stock market but have currently increased the rent on my properties, I have 1M set aside for early retirement, I'm already 47. My major concern is that I ponder a lot how to make the best of the market irrespective of what the fed is doing.
How does a “market strategist” not agree that we’re in a recession already based on 2 consecutive gdp numbers
This guy has zero clue if there will be a recession, he is full of total bs.
Recession risks? i thought we are now in recession based on what defines what a recession is.
<Traders should avoid attempting to predict trend reversals, or even worse. the moon is ours the price is amazing for every early investors for those who got in for the first time otherwise it’s just bouncing back to the normal price for the rest of us which is good. Those who hold the longest will profit the most, I trade and hold profit keep up the great work! And expert Mr Andrew Martins has been doing a great job reviewing all chart, trade and techniques on BTC which has enhance the growth of my portfolio to 15.8BTC when i started with 6.8BTC lately>
Rent says otherwise and food costs
Looking for a new stock or Cryptocurrency to invest in. Short or long term Gains. i was at a seminar and the host spoke about making well over $3.5M within 4months of investing $450k. any suggestions pls
Yes, the real interest is about three or four percent in the red which is really bad. Nope, secular stagflation is not transitory or cyclical. Yes, there are two major problems in terms of both eternal expansion of fiscal policy as well as sanctions (aka corporate welfare).