Roger Altman, Evercore founder and senior chairman, joins ‘Closing Bell’ to discuss Fed rate hikes after chair Jerome Powell stated that more restriction is to come. For access to live and exclusive video from CNBC subscribe to CNBC PRO:
» Subscribe to CNBC TV:
» Subscribe to CNBC:
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
Connect with CNBC News Online
Get the latest news:
Follow CNBC on LinkedIn:
Follow CNBC News on Facebook:
Follow CNBC News on Twitter:
Follow CNBC News on Instagram:
#CNBC
#CNBCTV …(read more)
BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
Roger Altman is a prominent figure in the finance industry, known for his expertise and insights on economic matters. As the founder and senior chairman of Evercore, a leading global independent investment banking advisory firm, Altman has made significant contributions to the field. Recently, Altman shared his thoughts on the state of the English economy, predicting a moderate recession on the horizon.
Altman’s views are grounded in his extensive experience and knowledge of the global economy. Having served as the Deputy Treasury Secretary in the United States during the Clinton administration, Altman understands the intricacies of economic policies and their implications. His opinions carry weight and are worth considering when analyzing the health of a country’s economy.
Altman bases his prediction of a moderate recession in England on a variety of economic indicators. He factors in the impacts of Brexit, ongoing trade tensions, and the global economic slowdown. These events have created an uncertain environment, leading to a lack of business investments and reduced consumer spending. Altman believes that this combination of factors will eventually lead to a slowdown in the English economy, resulting in a moderate recession.
It is important to note that Altman does not anticipate a severe economic downturn similar to the 2008 financial crisis. However, he warns that a moderate recession still carries significant consequences. The effects of a recession typically include rising unemployment rates, lower GDP growth, and decreased business profitability. Altman’s prediction suggests that England may face these challenges in the coming months or years.
Altman’s assessment is significant for several reasons. Firstly, his reputation in the finance industry lends credibility to his predictions. Investors and economists often look to figures like Altman for guidance when making important financial decisions. Secondly, Evercore’s position as a leading global investment bank means that Altman has access to extensive resources and research. His analysis is likely based on comprehensive data and reliable sources, giving his predictions further weight.
While Altman’s forecast of a moderate recession may raise concerns, it is essential to recognize that predictions are not certainties. The economy is influenced by numerous variables, making it difficult to accurately forecast its future trajectory. However, it is prudent to consider the insights provided by seasoned experts like Altman when assessing the potential risks to an economy.
In conclusion, Roger Altman’s prediction of a moderate recession in England provides valuable insights into the country’s economic future. As a respected figure in the finance industry and the founder of Evercore, Altman’s perspectives deserve attention. While only time will tell if his forecast comes to fruition, considering his expertise and access to data makes his analysis a valuable contribution to economic discussions. Regardless of the outcome, monitoring economic indicators and expert opinions is crucial for understanding and preparing for potential economic downturns.
The Fed gets its marching orders from King Biden.
Interesting , a number of the most eminent market experts have been expressing their views on the severity of the impending economic downturn and the extent to which equities might plummet. This is because the economy is heading towards a recession and inflation is persistently above the Federal Reserve's 2% target. As I'm aiming to create a portfolio worth no less than $850,000 before I turn 60, I would appreciate any advice on potential investments.
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.
Thanks bud for keepin us financially Educated! Regardless of how bad it gets on the economy, I still make over $22,000 every single week…
Man, I like this guy, he speaks with conviction. CNBC, we need more people like him to be on the show.
Maybe?
https://youtu.be/zIrrhy5ulzc
Credito jon bote por estado sentesia corte pagar 100 miyone
Apropiasion bote monetario santo domingo yamasa credito libing toda enpresa america sentensia
What kind of recession do you prefer?
a.) moderate
b.) mild
c.) wild
d.) watermelon bubble cargo shorts elevator pudding foul ball sunglasses junk mail french bulldog pinata bread glue buzzword flavor town
A moderate recession will seem a lot worse because mega techs and homebuilders run to 52 week, if not all time highs, ignoring every red flag along the way. They have a lot to give back.