Jason Brady, president and CEO of Thornburg Investment Management, joins CNBC's 'Squawk Box' to discuss his market outlook and the possibility of a recession. 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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The economic landscape has been volatile in recent times, and the possibility of another recession occurring soon has been a topic of concern for many professionals in the financial sector. Jason Brady, CEO of Thornburg Investment Management, has announced that the outlook is bleak, with a genuine chance of a recession occurring in 2023. According to Brady, many factors contribute to this prediction. For instance, the global pandemic that took the world by surprise has had a profound and disastrous impact on many industries, and while the vaccine rollout has brought hope, it still may take a long time for the global economy to recover fully. Furthermore, the Federal Reserve's actions in response to the pandemic have created a dangerous environment for economic growth. The considerable amount of debt that has been accrued through the stimulus programs could potentially harm the economy significantly in the long run, as inflation rates are likely to rise. Additionally, the current state of the job market is another concern. With the pandemic leading to an increase in remote and AI-automated work, it is likely that many jobs are permanently lost. High levels of unemployment will inevitably contribute to a recession in the future, with many individuals struggling to make ends meet. Given these trends, it's essential to prepare for a possible economic downturn, and industry professionals have started to take note. Jason Brady urges investors to be cautious with their investments, keeping in mind the potential impact of a recession. Of course, the future is uncertain, and no one can expect with complete accuracy what the economic conditions will be in the years to come. But it's always essential to be aware of the potentials risks, to be prepared to navigate the choppy waters of economic downturns and to adapt accordingly. In conclusion, the possibility of another recession occurring in 2023 is a legitimate concern, as our global economic landscape continues to face serious challenges. While no one can predict the future, it's essential to stay aware of the risks and take steps to prepare for any rough waters ahead. https://inflationprotection.org/jason-brady-of-thornburg-predicts-a-strong-possibility-of-recession-in-2023/?feed_id=83700&_unique_id=6429092d56083 #Inflation #Retirement #GoldIRA #Wealth #Investing #breakingnews #businessnews #cable #cablenews #CNBC #financenews #financestock #financialnews #money #moneytips #newschannel #newsstation #SquawkBoxU.S. #stockmarket #stockmarketnews #Stocks #usnews #worldnews #RecessionNews #breakingnews #businessnews #cable #cablenews #CNBC #financenews #financestock #financialnews #money #moneytips #newschannel #newsstation #SquawkBoxU.S. #stockmarket #stockmarketnews #Stocks #usnews #worldnews
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