RockCreek CEO predicts no major recession ahead for U.S. economy

by | Jul 9, 2023 | Recession News | 30 comments

RockCreek CEO predicts no major recession ahead for U.S. economy




Afsaneh Beschloss, RockCreek founder and CEO joins ‘Squawk on the Street’ to discuss her thoughts on another rate hike, market, banking system and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO:

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The U.S. economy has been the subject of much speculation and anxiety in recent months, with many experts and analysts predicting a significant downturn and the impending arrival of a big recession. However, there are voices of reason and optimism like Afsaneh Beschloss, CEO of RockCreek Group, who believes that the U.S. economy won’t experience the dire consequences that some are expecting.

Beschloss, a prominent figure in the financial world, holds a unique perspective on economic matters. RockCreek Group is a global investment management firm specializing in sustainable investing, a field that seeks positive and long-term financial returns while also making a positive impact on society and the environment. Given the firm’s focus on sustainability, Beschloss is well-positioned to assess the health and resilience of the U.S. economy.

According to Beschloss, the U.S. economy is unlikely to plunge into a big recession despite the current uncertainties and challenges. She suggests that the U.S. has several key strengths that will help it weather any potential storms. Firstly, Beschloss highlights the resilience of American consumers and their ability to adapt to changing economic conditions. The U.S. consumer market is a major driving force behind the country’s economic growth, and its strength is a reflection of consumer confidence and spending habits.

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Furthermore, Beschloss points out the importance of technological innovation in maintaining economic stability. The United States boasts a vibrant and dynamic tech sector that continues to push boundaries and drive growth. From Silicon Valley to emerging tech hubs across the nation, American innovation is a resilient force that helps mitigate economic downturns and supports job creation.

Beschloss also acknowledges the role of fiscal policy in stabilizing the economy. She notes that the government has shown a willingness to take necessary actions to support growth, such as the unprecedented stimulus packages implemented during the COVID-19 pandemic. This proactive approach by the government enhances the country’s economic resilience and provides a safety net for individuals and businesses during uncertain times.

Additionally, Beschloss highlights the strength of the U.S. financial system, which is regulated and robust compared to global counterparts. The country’s well-regulated and transparent financial markets, combined with a robust regulatory framework, contribute to stability and reduce the likelihood of a major economic downturn.

While Beschloss acknowledges the existence of risks and uncertainties, such as geopolitical tensions and global economic imbalances, she remains cautiously optimistic about the future of the U.S. economy. Her views reflect a measured assessment of both the inherent strengths of the United States and the proactive measures taken to address economic challenges.

It is important to note that no economic forecast is foolproof, and unexpected events can still have significant impacts on the economy. However, Afsaneh Beschloss’s perspective as the CEO of RockCreek Group, a leading investment management firm focusing on sustainability, provides valuable insights into the resilience of the U.S. economy. As the nation navigates through the uncertainties ahead, it is essential to consider both the risks and the potential for successful adaptations and growth.

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30 Comments

  1. cbear002

    People who buy into this downfall in economy hype have been doing so for 3 years now. Another 3 years will go by and people will still be talking about this imminent economy crash. It ain’t happening! Housing crash? How many years are we going to keep talking about this and it doesn’t happen! People need to stop listening to the media and their bs! COVID magically disappeared and they are now on to economy crash bs!

  2. dragonfly6908

    Is she wearing "rose tinted spectacles?".

  3. Jackie James

    They are past recession, it is hinging on collapse now. No jobs!

  4. Hasan Khan

    It is anticipated that 2023 will be a significant year for the cryptocurrency market, with the potential for a bull run. Factors that may contribute to the growth of the leading cryptocurrencies include the global economy, stock prices, inflation, and the Federal Reserve's monetary policies. Additionally, a rise in inflation and a decrease in trust in traditional financial systems may also play a role. To stay up-to-date and potentially take advantage of market trends, it is important to follow the insights and analysis of experts such as Andrew Martins ..

  5. Nala

    The US economy has been like a hiker in the mountains who strolls along, enjoying the magnificent vistas. But then, he slips and falls.
    Compared to the leisurely stroll, the fall is quick and painful. It's the difference between a gradual trend and a rapid event. A black swan event doesn't happen gradually. Just ask the people at SVB. Everything was fine, then SVB fell off the cliff.
    It was gone in a few days. Be prepared NOW. After you slip, there is no time for planning, preparation, attention to needs and the future.
    When the slip happens, perhaps over a month or two, it will feel like everyone is plummenting to their economic doom.

  6. ibrahim seth

    If you trade, try to trade layer by layer.
    Layer1:L1
    Layer2:L2
    Capital:C
    C=100B,200B……..4000B..
    LotBuy:LB
    LB:USD100=100%……..USD2.5=2.5%
    LotSell:LS
    LS:USD2.5=2.5%……….USD40=40%..
    NettC:NC
    NC=((C/LB*LS)-C)
    TotalNC=TNC
    C(USD Billion) LB(USD or %) LS(USD or %) NC=((C/LB*LS)-C)
    Layer1 100B 100 USD 40 USD -60B
    Layer2 200B 90 40 -111B
    Layer3 300B 80 40 -150B
    Layer4 400B 70 40 -171B++
    Layer5 500B 60 40 -166B++
    Layer6 600B 50 40 -120B
    Layer7 700B 40 40 0
    Layer8 800B 30 40 266B++
    Layer9 900B 20 40 900B
    Layer10 1000B 10 40 3000B
    Layer 11 2000B 5 40 14000B
    Layer 12 4000B 2.5 40 60000B
    TotalC=11500B TNC=77388B+- OR BILLIONS
    CNett%=77388B/11500B=672%Total Gain
    Have Fun at trades.

  7. ibrahim seth

    Just buy the insurans to pay your new and old loans.
    Formula:
    (Pay 1=10% and get 10=100%.)
    Old loans 30T=100%
    New loans 70T=100%.
    Combined loans 100T=100%
    Tenure loans 300T=300%.
    IncomingIncome 200T=200%
    Total=300T+200T=500T
    Maturity 20 years or below.

    PremiumPayOneTime=10X
    10X=500T
    X=500T/10
    X=50T.

    Extra=70T-50T=20T(cash)
    20T means 20Trillion.

  8. Will Thomas

    Accused of being a people eater because the economy still hasn't moved.

  9. THE L0NE ARRANGER

    Actual savers made lots of money starting in 2008. During Obama's first 4 years the MARKET was UP 55%. During his second 4 years the MARKET was UP another 57%. Trump's 4 years in office the MARKET was UP 66%. Binden's first year the MARKET was UP 26%. So the MARKET is down 14% from its all time HIGH. Who cares? The American INVESTOR is doing FANTASTIC!!

  10. SmithN' Wesson

    So now Democrats and the White House just pretend the rampant rising prices and crime don't exist? How's those raised wages working out? The economic policies of Democrats have led to disaster.

  11. Tommy Nicholson

    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. No more manipulation of other economies in order to control inflation. Sure is obvious that a new multilateral world order is in the works

  12. CVEIWKID

    Downplayed

  13. donald ardean

    recession fears mount on Wall Street and inflation remains well above the Fed's 2% target, some of the top commentators in markets, business, and economics have been sounding off on just how bad they think the next downturn might be — and how far stocks may have to fall. I need ideas and advice on what investments to make to set myself up for retirement, my goal is to have a portfolio of at least $850k at the age of 60.

  14. First Last

    Seeing is believing

  15. Lawrence Raine

    I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock opportunities so far for the tech stocks.I believe having 175K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and losing all the good opportunities.

  16. Bob Dobbs

    Most of our lives have been destroyed by bad leadership already

  17. Wildboy789789

    Im not one for predictions… but i can tell you the fed is hiking rates, my cash pays 5%, so im not buying anything, and a week ago 3 banks failed

  18. Jack  joshua

    The fin-Market have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $300k is down to $192k any recommendation;s to scale up my return;s during this crash will be highly appreciated

  19. Ron Lokk

    I am sorry..but after what I have seen happen with banks and the FED in the last few weeks, I can only conclude that those in charge of the monetary systems of this country are basically brain dead. Sorry. All the best

  20. kik locus

    dont trust her the way she looks

  21. Maikel CHao

    This lady should be ashamed of her self lying to American zombies

  22. Maikel CHao

    Brainwashed the zombies.. that still believe the lies CNBC is telling you.

  23. Carlos Gómez

    OPEP cuts AND de-dollarization Is basic common Sense, leftist áre liers

  24. K H

    Wrong. Everyone sits there and says how great things are but refuse to state the obvious. The CPI/CPE numbers are fake as is anything the BLS puts out I think. Now, you refuse to acknowledge that 64 nations are in the process of refusing to use the US Dollar as the intermediate currency for Global trade settlement. They are using their local currencies with each other now. USA will be in big trouble soon as hyperinflation hits and massive recession happens. Thanks to the FED and US Gov't refusing to curb its spending habits other nations are sick of it now and we will soon pay.

  25. masterstacks

    oofff this won't age well

  26. Glow Wurm

    So now the no landing, which turned into a soft landing has turned Into a mild recession… she drop the buzz words AI to pump it up a little higher so the Algo know what to buy!! Meanwhile OPEC drops production because of a lack of demand, manufacturing down cross the board (yes South Korea the home of semiconductors and ultimately AI showing production contracting), Baltic exchange down, copper down, iron down, steel down, the LMI dropped to an historic low (that’s right logistic fell off a cliff, worse than during covid, Jesus wept!).

    Give me strength, sell now, hoard bonds and gold thank me later, she’s lying to you… this won’t be mild, banks contracting, record debt, inflation sticky, we’re heading into stagflation!!

  27. Mole Js

    She is such an optimistic person by down playing the current situation .However the fact the matter has not changed . War goes on (thanks for USA ) , super hi inflation will still move up as oil price hit on the street especially in US which & everything needs oil to move , demands on US product decrease because of Biden foreign policy . ,hi US debt .etc..

  28. The North

    We’ll see once student loans come due again

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