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
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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.
Recession Looms Ahead, Economist Warns appeared first on Inflation Protection.
