A number of major indicators have economists predicting a massive recession hitting in early 2024. Are they right? What are they basing this on? Lear Capital CEO Kevin DeMeritt joins us to discuss interest rates and the looming debt disaster.
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BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
The 2024 Recession is coming and will be unlike anything we’ve ever seen before
As the global economy continues to face unprecedented challenges, analysts and economists are sounding the alarm about the potential for a major recession in 2024. This impending economic downturn is expected to be unlike anything we’ve seen before, with far-reaching consequences for businesses, governments, and individuals around the world.
While the specific triggers for the 2024 recession are still unclear, a combination of factors such as geopolitical tensions, rising inflation, and the ongoing effects of the COVID-19 pandemic are likely to play a significant role. As a result, experts are warning that the impact of this recession could be severe and long-lasting.
One of the key factors that sets the 2024 recession apart from previous economic downturns is the interconnected nature of the global economy. With supply chains spanning multiple countries and industries, disruptions in one part of the world can quickly reverberate across the entire system, amplifying the effects of any economic shock.
Additionally, the 2024 recession is expected to coincide with a number of other challenges, including the ongoing climate crisis and the rise of automation and digitalization. These factors will further complicate the economic landscape, leading to widespread job losses and restructuring of entire industries.
In response to these looming challenges, governments and businesses will need to adopt new strategies and policies to navigate the turbulent economic waters ahead. This may include increased investment in sustainable technologies, support for displaced workers, and efforts to strengthen domestic production and supply chains.
Individuals will also need to prepare for the impact of the 2024 recession, including potential job insecurity and financial hardships. This may require re-evaluating career paths, diversifying income streams, and prioritizing financial resilience.
While the prospect of a major recession in 2024 may seem daunting, it’s important to recognize that with proactive and strategic action, it is possible to mitigate some of the worst effects. By working together and embracing innovation and adaptability, we can build a more resilient and sustainable economy for the future.
Recession = Recess = Time to Play (not pay)
What we all should be worried about is the left and the 2024 election they will cheat they got away with it and yet nothing was done about it they will do it again what the American patriots need to do is prepare to reclaim OUR COUNTRY BY FORCE IF NEEDED IS HOW I FEEL . THE ENEMY IS IN CONTROL OF OUR COUNTRY SO WE JUST MAY HAVE TO DEFEND AMERICA AGAIN
If everybody is “swallowing up gold”, why is the price not higher, it’s about where it’s been for a long time, give or take $100.
This started like last year
CA Realtor here. We are still in multiple offer situations in SoCal
Economic collapse was the goal of the mandates. Because they can’t convince the nations to take Mark f the Beast – IF their dollar is strong!!!!!
I can't afford 2000$ an ounce let alone 3200$! Lol
Work under the table and get foodstamps. That's the real American dream
❤
Obviously all planned on purpose.
When Canada elected a woke , idiot , activist in 2015 and the re-elected it 2 more times I figured it would end poorly .
Layoffs are here – seeing them.
We’ve been a recession why are we taking so long to say that
While US is making War with Israel, China is investing in production and growing. How long will take to americans understand that?
The 2008 Recession ended? BTW, I get my boxes from recycling bins & cardboard recycling dumpsters. Never pay for a carton! Never!
fake news
Invest in firewood. During the coming Depression, firewood, clean water and medicine will be invaluable.
been calling recession for years and SnP is still going towards all time highs
All this recession talk is nonrelevant since we were in recession since 2008.
They have been saying this for 3 years now.
Nah we won't, They will just change the definition again so we won't.
When? It never happens. The Fed said they are stopping raising rates because of the October report on inflation. Its down. No recession. In addition, a war is coming..which stimulates the economy. Enjoy.
So if people went back to work we'd be in stagflation right now?
The Roman empire is going bankrupt
It's not just going to be a recession. There will also be inflation, ie, stagflation. So, Yes, to precious metals. Also, what I am doing is preparing a huge pantry. I believe that inflation can't harm you if you don't need to buy what you already have. Start stocking up cash too.
Rinse and repeat. 2024, 2025, 2026. Humanities greatest failure is the inability to remember how many times an expert is wrong. I have been hearing warnings of the economic collapse since the eary 1970's!
If there's a major depression, are we in danger of losing our social security benefits?
What happened to the 2023 recession? Now it’s 2024. Not sure what to think.
There’s no inflation, just ask the gummint. Dow up 500 everything is great.
There was suppoed to be one in 2023. I lost 1000s betting against the market. The manipulation is so strong, it'll happen when they want it to.
After the quadruple dip recession, remember the one that was clearly not a depression, there is no doubt that we have been in a recession for most of the year. By Q2 2024 it will be a double or triple dip recession, that is by their word salad nonsense. Anyone remember pre 2020?
Yall said this in 2022
Just like 2021 I mean 2022, I mean 2023…….
If the u.s. goes into recession it won't be the first time or the last one. That is why the u.s. never stopped being great +trump is a fraud+.it always bounces back on its feet.
The trouble is that the people that control the western world don’t give a damn about its population
Gold will never go over $2400 for a long period of time. I’m not saying he’s wrong with demand but just like diamonds after a certain price it can be created in a lab for less than mining costs which is 100% guaranteed. Mining is extremely expensive and not an exact return to investment. Also with sustained rates and capital tightening more Alchemy companies will meet the demand and flood the market with lab gold capturing gains but suppressing gold prices from rising with increased supply.