Jeff DeGraaf, Renaissance Macro Research, and Ed Clissold, Ned Davis Research, join 'Closing Bell' to discuss the domestic and global markets, recession fears, and a potential bull market....(read more)
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The global economy has been in a state of constant flux in recent years, with experts scrambling to predict future trends and identify potential triggers for a downturn. While many analysts are warning of an upcoming recession, Renaissance Macro Research's Jeff DeGraaf believes that bears "might have it completely wrong" when it comes to the outlook for the economy. According to DeGraaf, the factors that typically indicate a recession are not present in the current economic landscape. For instance, he notes that the yield curve has not inverted, indicating that investors have not lost confidence in the long-term prospects of the economy. He also points out that the housing market is showing signs of strength, as home builders are reporting solid sales figures. Furthermore, DeGraaf suggests that many other indicators that are typically interpreted as bearish are actually pointing in a positive direction. For example, he notes that consumer sentiment remains strong, with individuals continuing to spend money in spite of concerns about the future. DeGraaf's analysis is not without its critics, of course. Many experts argue that the current expansion is long overdue for a correction, and that debt levels have reached unsustainable levels that are likely to trigger a recession sooner rather than later. Some point to the ongoing trade disputes between the US and China, as well as the ongoing political uncertainty in the UK and Europe, as potential triggers for a downturn. Nonetheless, DeGraaf's assessment is an important counterpoint to the dominant narrative of impending recession. He suggests that investors should be cautious about jumping to conclusions based on surface-level indicators, and instead focus on the underlying trends in the economy. While there is certainly cause for concern, it is possible that the global economy may yet weather the storm and continue to grow in the months and years ahead. https://inflationprotection.org/renaissances-jeff-degraaf-suggests-that-bears-may-be-inaccurate-in-their-recession-outlook/?feed_id=98925&_unique_id=646687ee2c90a #Inflation #Retirement #GoldIRA #Wealth #Investing #breakingnews #businessnews #cable #cablenews #ClosingBell #CNBC #financenews #financestock #financialnews #money #moneytips #newschannel #newsstation #stockmarket #stockmarketnews #Stocks #usnews #worldnews #RecessionNews #breakingnews #businessnews #cable #cablenews #ClosingBell #CNBC #financenews #financestock #financialnews #money #moneytips #newschannel #newsstation #stockmarket #stockmarketnews #Stocks #usnews #worldnews
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