SMBC's Joe Lavorgna parses Powell's market talk at The Washington Economic Club today. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Bonawyn Eison, Dan Nathan and Guy Adami. 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)
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Joe Lavorgna, the former Chief economist of the National Economic Council, has recently warned that the next recession could begin at any moment. According to Lavorgna, several signs indicate that the economy may be at risk for a downturn soon. Lavorgna has been closely monitoring the economic indicators, such as the yield curve, which is a measure of the difference between short-term and long-term interest rates. The yield curve has inverted several times over the past year, which means that short-term rates are higher than long-term rates. An inverted yield curve is often a sign that investors are nervous about the future and expect the economy to slow down. Furthermore, the global trade war and other geopolitical events have also created uncertainty, which has led businesses to postpone investments and hiring decisions. This, in turn, can slow down economic growth and eventually lead to a recession. Lavorgna has also raised concerns over the levels of corporate and government debt. The US federal government is running a large deficit, and many companies have taken on significant amounts of debt over the past decade. High levels of debt can make it difficult for companies and governments to cope with a downturn, as they may struggle to pay their debts or borrow more money. While Lavorgna acknowledges the strength of the current economy, with low unemployment rates and strong consumer sentiment, he suggests that these positive indicators could be fleeting. In his opinion, it is only a matter of time before the next recession hits. The timing of a recession is difficult to predict, and it is possible that Lavorgna's warnings will prove to be premature. However, it's always a good idea for individuals and businesses to prepare for economic uncertainty. This could involve paying down debt, building up savings, and exploring ways to diversify income and investments. In conclusion, while it is unclear when the next recession will hit, the signs point to a potential downturn in the near future. The warning from Lavorgna is a reminder that economic cycles are inevitable, and it is important to be prepared for the unexpected. https://inflationprotection.org/former-nec-chief-economist-joe-lavorgna-warns-that-recession-may-begin-in-any-quarter/?feed_id=91127&_unique_id=64471f87e5bf2 #Inflation #Retirement #GoldIRA #Wealth #Investing #breakingnews #businessnews #cable #cablenews #CNBC #FastMoney #financenews #financestock #financialnews #money #moneytips #newschannel #newsstation #stockmarket #stockmarketnews #Stocks #usnews #worldnews #RecessionNews #breakingnews #businessnews #cable #cablenews #CNBC #FastMoney #financenews #financestock #financialnews #money #moneytips #newschannel #newsstation #stockmarket #stockmarketnews #Stocks #usnews #worldnews
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