Jean-Francois Tardif predicts that the markets are heading towards a global recession as their next stop.
Jean-Francois Tardif, founder and portfolio manager at Timelo Investment Management, joins BNN Bloomberg to discuss his investing outlook as UBS agrees to buy Credit Suisse. Tardif says that the banking sector in the U.S. and Canada is okay right now but European banks are weaker after experiencing a lower-rate economy. He discusses his cautious stance in the markets saying that a lot of these stocks are not the place to be, and breaks down his criteria for when to buy back into the markets. Subscribe to BNN Bloomberg to watch more videos: Connect with BNN Bloomberg: For the latest news visit: For a full video offering visit BNN Bloomberg: BNN Bloomberg on Facebook: BNN Bloomberg on Twitter: BNN Bloomberg on Instagram: BNN Bloomberg on LinkedIn: -- BNN Bloomberg is Canada’s only TV service devoted exclusively to business, finance and the markets....(read more)
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In an interview with CNBC, Jean-Francois Tardif, chief investment officer at Guardian Capital, has expressed concerns over the possibility of a world recession in the near future. Tardif believes that the current economic climate is extremely volatile and unpredictable, and the markets are on their way to falling into a state of recession. Tardif cites a number of factors which he believes are contributing to a global slowdown. Firstly, trade tensions between the United States and China have been escalating in recent months, with both sides imposing tariffs on each other's goods. This has had a significant impact on global economic growth, with many countries experiencing a slowdown in export demand. Secondly, Tardif believes that the world economy is currently in a fragile state due to excessive borrowing by companies and governments. This unsustainable debt, combined with rising interest rates, could lead to a domino effect of defaults and bankruptcies, triggering a recession. Finally, he feels that the markets are currently overvalued, and investors are placing too much faith in central banks to support growth. Tardif argues that the current system of quantitative easing is not sustainable in the long term, and that when the next crisis hits, central banks may not be able to provide the necessary stimulus to keep the markets afloat. While Tardif's predictions may seem gloomy, he also suggests that there are steps investors can take to protect themselves from a potential recession. He advises diversifying portfolios, investing in safe-haven assets such as gold and silver, and holding a certain percentage of cash to take advantage of future buying opportunities. In conclusion, Jean-Francois Tardif's warning that the markets are on their way to a recession should not be taken lightly. While there are indicators of a slowdown, it is important for investors to be proactive in managing their portfolios to mitigate risk and take advantage of opportunities. Only time will tell whether Tardif's prediction proves accurate, but it is always best to be prepared for the worst. https://inflationprotection.org/jean-francois-tardif-predicts-that-the-markets-are-heading-towards-a-global-recession-as-their-next-stop/?feed_id=83056&_unique_id=642663d27b735 #Inflation #Retirement #GoldIRA #Wealth #Investing #2023 #BNNBloomberg #canada #economy #investing #Markets #recession #WorldEconomy #RecessionNews #2023 #BNNBloomberg #canada #economy #investing #Markets #recession #WorldEconomy
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