Bank of America Securities Head of U.S. Economics Michael Gapen discusses the risk of recession, the push for bank regulation, the impact of the Federal Reserve's rate hike on the economy, and the fight against inflation and the bank crisis. #foxbusiness Subscribe to Fox Business! Watch more Fox Business Video: Watch Fox Business Network Live: FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C. Follow Fox Business on Facebook: Follow Fox Business on Twitter: Follow Fox Business on Instagram: ...(read more)
BREAKING: Recession News
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The looming possibility of another recession has been a source of concern for economists, governments, and citizens around the world. Amidst such concerns, an influential and well-known economist, Nouriel Roubini, has recently shared his prediction for the next global recession. Roubini, who is known for accurately predicting the 2008 financial crisis, suggests that the next recession could come as early as 2020 or 2021. He cites several factors that could lead to the economic downturn, including the ongoing US-China trade war, the slowing global economy, rising geopolitical tensions, and the increasing debt levels. One of the main factors contributing to Roubini's predictions is the growing trade war between the US and China. The two largest global economies have been locked in a tariff battle for months, with no clear resolution in sight. Roubini suggests that this trade war has already had a significant impact on the global economy, and warns that it could lead to a wider economic slowdown. Another factor that Roubini points to is the growing debt levels around the world. Not only are governments heavily indebted, but private debt levels are also at an all-time high in many countries. This has led to concerns about a potential debt crisis, which could trigger a global recession. Finally, Roubini cites rising geopolitical tensions as another factor that could lead to a recession. As the US-China trade war continues, other countries could be drawn into the conflict, leading to increased political instability and economic uncertainty. Despite these ominous predictions, some analysts have argued that Roubini's predictions may be too pessimistic. While there are certainly concerns about the global economy, there are also reasons for optimism, such as low inflation rates and steady job growth in many countries. Ultimately, it remains to be seen whether Roubini's predictions will come true. However, his warning serves as a reminder that the global economy remains fragile, and that governments and policymakers must take steps to mitigate the risks of another recession. https://inflationprotection.org/economic-expert-shares-his-forecast-for-recession/?feed_id=81761&_unique_id=642119e82e135 #Inflation #Retirement #GoldIRA #Wealth #Investing #bankcrisis #BankRegulation #bankingcrisis #barronsroundtable #businessnews #economicoutlook #fbn #fed #federalreserve #federalreservebank #federalreservebankcrisis #federalreserveinterestrates #federalreserveratehike #foxbiz #FoxBusiness #foxbusinesschannel #FoxBusinessNetwork #foxbusinessnews #inflation #MichaelGapenBankofAmerica #michaelgapenrecession #ratehike #recession #U.S.economy #useconomy #RecessionNews #bankcrisis #BankRegulation #bankingcrisis #barronsroundtable #businessnews #economicoutlook #fbn #fed #federalreserve #federalreservebank #federalreservebankcrisis #federalreserveinterestrates #federalreserveratehike #foxbiz #FoxBusiness #foxbusinesschannel #FoxBusinessNetwork #foxbusinessnews #inflation #MichaelGapenBankofAmerica #michaelgapenrecession #ratehike #recession #U.S.economy #useconomy
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