Liz Ann Sonders of Charles Schwab joins 'Squawk on the Street' to discuss her thoughts on the banking crisis, the economy and overall market. 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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"We have the view this is a rolling recession," says Charles Schwab's Liz Ann Sonders The global economy has been facing unprecedented challenges in recent times due to the ongoing COVID-19 pandemic. As countries struggle to contain the virus and recover from the economic fallout, the notion of a rolling recession has gained traction among experts, including Charles Schwab's Chief Investment Strategist, Liz Ann Sonders. Sonders recently expressed her view that the economic downturn caused by the pandemic is not a typical recession but rather a rolling recession. This term refers to the fluctuating nature of the crisis, with different industries and sectors being impacted at different times and intensities. One of the first industries to be hit hard by the pandemic was leisure and travel. The widespread travel restrictions and lockdown measures implemented around the world severely impacted airlines, hotels, restaurants, and entertainment companies. As a result, these sectors experienced a sudden and sharp contraction in demand, leading to a significant decrease in revenue and a spike in unemployment. However, as Sonders suggests, the ripple effect of the pandemic on the broader economy is far from over. While some sectors have slowly started to recover, others are still grappling with the aftermath. Manufacturing and retail, for example, are still feeling the impacts of disrupted supply chains and reduced consumer spending. The rolling nature of this recession is a unique challenge for policymakers and investors alike. Traditional approaches to economic stimulus and recovery may not be as effective because the pain caused by the pandemic is not concentrated in one area or industry. Instead, it is a wave of economic distress that continues to hit different sectors in a staggered manner. Sonders believes that navigating these uncertain times requires a careful and flexible investment strategy. Investors must recognize that the road to recovery will likely be bumpy, with setbacks and spurts of growth along the way. Diversification and adapting to changing circumstances will be key to weathering this rolling recession. Furthermore, Sonders emphasizes the importance of closely monitoring indicators of economic health to stay informed and make informed investment decisions. Keeping an eye on leading indicators such as jobless claims, consumer spending, and manufacturing activity can provide valuable insights into the overall state of the economy and help investors adjust their strategies accordingly. While the prospect of a rolling recession may seem daunting, Sonders remains optimistic about the future. She highlights the resilience of both businesses and individuals throughout history when faced with similar challenges. By recognizing the evolving nature of this crisis and maintaining a flexible mindset, Sonders believes that investors can position themselves to capitalize on potential opportunities as the economy gradually recovers. In conclusion, the concept of a rolling recession put forward by Charles Schwab's Liz Ann Sonders offers a fresh perspective on the ongoing economic downturn caused by the COVID-19 pandemic. By acknowledging the varying impact across sectors and the prolonged nature of the crisis, investors can adapt their strategies and navigate the challenging economic landscape. Ultimately, Sonders' insights highlight the importance of remaining vigilant, flexible, and well-informed during these uncertain times. https://inflationprotection.org/liz-ann-sonders-from-charles-schwab-suggests-that-we-are-in-the-midst-of-a-continuous-recession/?feed_id=122571&_unique_id=64c6be99ca2fd #Inflation #Retirement #GoldIRA #Wealth #Investing #breakingnews #businessnews #cable #cablenews #CNBC #financenews #financestock #financialnews #money #moneytips #newschannel #newsstation #SquawkontheStreet #stockmarket #stockmarketnews #Stocks #usnews #worldnews #RecessionNews #breakingnews #businessnews #cable #cablenews #CNBC #financenews #financestock #financialnews #money #moneytips #newschannel #newsstation #SquawkontheStreet #stockmarket #stockmarketnews #Stocks #usnews #worldnews
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