Guidestone Capital Management President and CIO David Spika, Lonski Group founder and President John Lonski discuss the markets ahead of retail earnings reports, the Fed’s management of rate hikes and recession. #foxbusiness
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BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
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The COVID-19 pandemic has brought about an unprecedented economic crisis, and some are warning that we may be headed for a recession. Among them is Nouriel Roubini, an economist who famously predicted the 2008 financial crisis, who recently warned that “all of this spells recession.”
The current situation has led to a global slowdown in economic activity, with many businesses shutting down and consumer spending plummeting. Governments around the world have responded with emergency measures, such as stimulus packages and monetary policy easing, to try and mitigate the impact of the crisis. However, many economists, including Roubini, are skeptical that these measures will be enough to prevent a recession.
Roubini points to several factors that suggest a recession is likely. These include the disruption of global supply chains, falling commodity prices, and increasing debt burdens. He also notes that the pandemic has exposed the vulnerabilities of the global trading system, with countries turning to protectionist policies in response to the crisis.
In addition to these economic factors, Roubini also highlights the potential for a humanitarian crisis as a result of the pandemic. Many people have lost their jobs or are unable to work due to quarantine measures, and this could lead to a spike in poverty and inequality.
While there is no guarantee that a recession will occur, the possibility is certainly cause for concern. Roubini’s warning serves as a reminder of the need for governments around the world to take decisive action to support their economies and minimize the impact of the crisis on ordinary people.
Some argue that the pandemic may ultimately be a catalyst for positive change, spurring governments to rethink their approach to economic policy and take steps towards a more sustainable and equitable future. However, in the short term, the risks of a recession are very real and must be addressed head-on if we are to avoid a prolonged period of economic hardship.
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
There’s a reason why the Republicans are stalling. And that’s because they know they aren’t being heard, and that the majority Democrats will do as they please. No bipartisanship, just steamroll through this and pass these bills that will inevitably affect all residents of the state. Including those who oppose. Oregon Republicans are the salt of the earth so to speak. Holding back against the rot and decay of society. If lost it’s salty savor will just be trotted under the feet of the masses. The governor is making it seem that she cares to see the concerns of the Republicans. But she is biased. She wants those same things to pass that her colleagues want. They’re eager to get them back in so these bill will be passed.
I completely respect you Maria as an economic forecaster and as reporter, even more so as an investigative reporter. Your days at Fox News are numbered and I said the same thing about Tucker and Dan. I don't have special powers but I have this internal grunt instinct to smell a rat. I quit Fox News 2 weeks before they fired Tucker because I knew what that lawsuit involved. I can't Fox Business because I thought they were conservative. Your next, pack your bags! Not because I hate you because I respect you…
It all depends on the knowledge and strategies employed, but I've seen people make seven-figure profits in declining markets just as easily as they do in rising ones. There is no denying that some people have benefited significantly from the recession and crisis.
We ARE ALREADY in a recession….., just wait for the opportunity in order to capitalize out of this mess…..,
To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?
What are they talking about??? Home Depot just reported first quarter earnings drop by 9%, Target down by 6%, what discretionary spending are they talking about? Credit card balances of US consumers in total are growing by tens of billions a month, savings are shrinking and these jokers are saying consumers are spending aggressively. Walmart, which is not a grocery store at the core, reports 56% of it's total sales are coming groceries, meaning more and more people are looking to buy food for cheaper. Transportation industry does not have a heartbeat – rates on transportation services today are at the level of 2009 while diesel cost is double compared to 2009.
Bureau of labor statistics revises it's reports every month this year with corrections of numbers of new jobs up to 30% less than previously reported, right after FED increases prime APR. It looks like they are cooking statistics just cover for FED.
Turning on the news these days is like opening a window into virtual reality.
You cannot cut your way out of recession you've got to invest your way out of recession, the Conservative party are in the dark ages on policy they've got to think again. My primary concern is how to maximize my savings/retirement fund of about £170k which has been sitting duck since forever with zero to no gains.
You cannot cut your way out of recession you've got to invest your way out of recession, the Conservative party are in the dark ages on policy they've got to think again. My primary concern is how to maximize my savings/retirement fund of about £170k which has been sitting duck since forever with zero to no gains.
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Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.
The bible says every 50 years land should be free of debts for the 50th year. We should have forgiven all interest debt and we would be a lot better off by now.
How can there possibly be a recession when the stock market just keeps going up?
Recession?? Yet, Biden just promised 375 Mils to that 3rd clown Zele. What gives?
Recession we have been in one for about 8 months…
Recessions present unique opportunities for wealth creation, particularly for individuals with a long investment horizon. While it's important to empathize with the challenges faced by the older generation, those who are young or in middle age should proactively explore strategies to maximize their investments by striving to double or even triple their portfolios.
Recessions are where millionaires are created. I feel for the older generation, but you should do everything possible to double and triple your investments if you are young or middle age.
Honestly; this is bull crap. We NEED a new PRESIDENT; not a recession and not a falsely elected president causing said recession
In light of the impending recession and the fact that inflation is still far higher than the Fed's 2% target, several of the most prominent market analysts have been expressing their views on how terrible they believe the next downturn will be and how far stocks may have to fall. I need advice on what investments to make because I'm attempting to create a portfolio for my children that will at least be $850k in value.
Several economists projected the U.S. and slipping into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
Who cares
I will forever be indebted to you you've changed my whole life continue to preach about your name for the world to hear you've saved me from a huge financial debt with just little investment, thanks so much Mrs. Audrey Bingham
We have been in a recession for over a year. And will probably come out of it third quarter.
100% Depression. Recession was 2 quarters ago
Recession is when a neighbour loses his job . . . . depression is when you lose your job. Recovery is when Biden loses his job.
The Collapse of these banks has torn into global markets, with investors ripping up their forecasts for further rises in interest rates and dumping bank stocks around the world. I'm at a crossroads deciding if to liquidate my dipping $480k stock portfolio, what’s the best way to take advantage of this bear market?
They’ll just change the definition again
They want intrest rates down so the market can escalate again, and feel a recession would be healthy and necessary (on consumer side, not business). How about recommending US Treasury Bonds, or one of these retro bank savings accounts where you get 5% garrenteed? Selfish jerks.
Time for a Victory Garden! As far as I'm concerned, we went into a recession and depression when Joe Biden took office! That's when I got depressed! I knew he'd be a flop!
A recession is needed, the day traders have to harvest all those 401k's.
The so-called United States is always causing world financial crises said the world in their majority
IF YOU CAN'T EAT THAT PURCHASE YOU BE BEST TO LET IT GO…
Success is not built on success. It's built on failure, It's built on frustration. it's built on fear that you have to overcome. I pray that anyone who reads this will be successful in life
We have been in a recession
Global depression. Economic collapse.
Let it fail the big reset needs to happen