Ed Hyman, Evercore ISI Chairman discusses his prediction of when the US will start feeling the affects of the recession. He speaks with David Westin on “Wall Street Week Daily.”
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BREAKING: Recession News
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Economist Edward Hyman is warning that a recession could be looming by the summer. Hyman, the chairman of Evercore ISI and a well-respected voice in the financial industry, has been closely monitoring economic indicators and has expressed concern about the current state of the global economy.
In a recent interview, Hyman highlighted several factors that have raised red flags for him. One major concern is the ongoing trade war between the United States and China, which has created uncertainty and volatility in the markets. The imposition of tariffs and the resulting retaliatory measures have had a negative impact on global trade and economic growth.
Hyman also pointed to slowing economic growth in Europe and emerging markets, as well as the potential for a hard Brexit to further disrupt global trade. Additionally, he cited weakening consumer sentiment and a decline in business investment as signs that the economy may be heading towards a downturn.
While the US economy has shown resilience in recent years, Hyman believes that it is not immune to the current global headwinds. He warned that a recession could begin as early as the summer of 2021 and urged policymakers to take action to mitigate the impact.
Hyman’s warning comes at a time when many analysts and investors are already on edge about the state of the economy. The recent inversion of the yield curve – a reliable predictor of recessions – has added to the sense of unease in the financial markets.
It is important to note that while Hyman’s predictions are based on a careful analysis of economic data, he is not infallible and there are many other experts who hold differing views on the state of the economy. However, his track record and reputation in the industry give weight to his warnings.
While the prospect of a recession is concerning, it is also important to remember that the economy is inherently cyclical and downturns are a natural part of the economic cycle. What is crucial is for policymakers, businesses, and individuals to be prepared for the potential challenges that a recession may bring.
As the summer approaches, all eyes will be on the economic indicators and policymakers’ responses to the evolving situation. Hyman’s warning serves as a reminder that vigilance and proactive measures may be necessary to navigate the potential economic challenges ahead.
I used to believe that everyone loses during a recession, but some make millions. Similarly, I thought everyone went out of business in the Great Depression, but some started new ventures. In short, tough times bring losses for some and profits for others, all rooted in the right mindset. Now, I've saved $220k for the future, even though I'm a complete beginner.
This whole recession or no recession debacle shows just how clueless our economic “leaders” are about the economy.
Annnnnd huge miss LOL
This headline aged well
Well this worked out great… fuckin idiots
It's summer.
Recessions already breen here in this shit hole for a while ago fjb.
Those guys speak like fortune tellers. They wont let you catch anything wrong in the future from their mouth. Let’s talk about the data!!!
Stocks are falling and bond yields are rising, but markets still don’t seem convinced the Federal Reserve will pursue plans to keep increasing interest rates until inflation is under control. I'm still at a crossroads deciding if to liquidate my $117k stocck portfolio, what’s the best way to take advantage of this bear market?
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.
Recession is a term used now by those that forecasted a hard landing one year ago. We've had every reason for that to already have happened and it's hardly done that. The economy will get better and stocks will rise meaningfully in the next 9-18 months
The comment section is full of bot advertising. Not worth reading.
Here is a good youtube video "The Most Hated Bull Market in History. What's Next?" By Adam Khoo
Hyman is a delight.
The definition has been changed twice already fake news Russia what
I diversified to an experienced platform who’s method are top notch and profitable due to some delays and losses I incurred in holding coin.
So I remember I just got married and got my first home few months before the crash happened in 2008, with huge mortgage loans, of course, and a couple tens of thousands of dollars in the stock market, which got wiped out while I lost my home. It really ruined my finances. I have since recovered, and have been able to build up to $380k again in portfolio, but I can see the trend again, and I'm really worried about how to protect my finance this time around.
Sure. If it doesnt then it will be by fall the winter then by spring. We are already in recession in parts of the economy.
Perhaps you will see the plandemic for what it is too , but a little too late unfortunately . If you know already , and play along with it , something else is going to bring you into a new reality also . You reap what you sow .
We are already in recession!!!! For last 3 years
Even street pharmacist are scared of a recession. The Heroin / Pill game is getting too pricey. There's gonna be a lot of robbery's, shooting and prostitution this summer of 2023. There's gonna be a lot of Zombies running around causing ruckus this year. Wherever you are …please come and save us Batman!!
Uh, when did we get out of the recession? Last I checked, prices have not been stabilizing and every month keeps screwing us over harder and harder.
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.
Let us see how many ‘experts’ are correct.
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.
I used to think every investor lose out during recession, meanwhile some make millions. I also thought everybody went out of business during the great depression, but some went into business. Bottom line, there's always depression for some, and profits for others. it all starts with having the right mindset. That said, I've set aside $265k for future, unfortunately I'm a complete noob.
It is noticeable in the hotel industry. It has been slow.
Recessions are an unavoidable part of the economic cycle; all you can do is prepare for them and plan accordingly. I graduated into a slump (2009). My first job after graduating from college was as an aerial acrobat on cruise ships. Today, I work as a VP for a global corporation, own three rental properties, invest in stocks and businesses, run my own company, and have increased my net worth by $500k in the last four years.
Recession or slow growth: he forgot the stagflation
The globality is troubling as we decline into an abyss of global depression not recession. Call it what it is, the declining symptoms are dramatic. People are migrating in record amounts because the lower classes are being impacted first. Take a look at that and how it is creeping up on a global scale before it takes down even the USA. The modern globalization of this Babylon won't fall easily. That's how huge this is. The suffering at the lower half of this slowly creeping up depression is core to when and what will be happening soon to corporations as they narrow their markets and raise prices to accommodate the slowly dying markets that feed this Babylon. The totality of this pattern eating away from the bottom classes to the eventual higher classes will soon run out And who then will be left to market to? The economic is taking the lower classes out first and when the upper middles to upper classes, corporations and elites start crying World War 3 and persecution will begin. Read a book or its ebook entitled THE PHASES OF REVELATION, by myself Juan Carrillo.
I lived thru the Jimmy Carter days, get ready for Jimmy 2.0. America is not the same place as 1980, get ready for craziness from the public, just saying, get ready, if you understand what I am saying. III%
You got valid points though Inflation is dilapidating. Quite sad what's happening in the market. Although, even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. The market circumstances are driving me insane, my portfolio has lost almost $13K this month alone, my earnings are tanking. I'd appreciate some financial advice from anyone who knows more going forward.
An extended period of VERY slow growth from these astronomically over inflated bubbles we're in across all asset classes IS a soft landing, and there's a 0.0001% chance of that happening. This is going to be a severe recession. Unemployment will double. The average cost of a house is roughly 6.2X the median income in the US, which is higher than 2006-2008 WHILE the cost of that same individuals' groceries, utilities, insurance, property taxes, fuel, and new/used vehicles are up 35-50% in that same time period. That sound like we're coming in for a soft landing to you? Good freakin' luck. 10 banks just collapsed, and 300 billion dollars was withdrawn from the banking system, with a few dozen more banks to fail in the next 6 months. Again, this WILL cause consumer spending to drop 75% which will lead to unemployment doubling and housing to drop in value 35-40% over the next 2 years.
7% interest rates, most inverted yield curve in history, slowing consumer spending, 10 bank collapses with $300B+ in bank withdrawals. Next is mortgage demand going to zero, foreclosures, vehicle repossessions, unemployment rate doubling. It will be as bad as 2008-2011 in a BEST-case scenario. And it's absolutely necessary. We'll see the stock market drop 40% more in 3 months and home values decrease 40% more in 18 months.
This guy isn't saying anything, y
these clowns all make it sound business as usual. amazing how theyve been doin this for decades. bitcoin is their demise
Did they hand pick this guy