Economist Warns of Impending Recession in 3 Months: Brace for Mass Layoffs and Learn About the Explained Banking Crisis

Alfonso Peccatiello, Founder of The Macro Compass, explains the root causes of the current banking crisis, and predicts a recession in the U.S. to officially hit in three to four months. FOLLOW ALFONSO PECCATIELLO: Join thousands of investors and sign up to The Macro Compass, Alf's macroeconomic research and investment strategy platform using this link: Twitter (@MacroAlf): How many Fed rate hikes are left? Danielle DiMartino Booth interview: FOLLOW DAVID LIN: Twitter (@davidlin_TV): TikTok (@davidlin_TV): Instagram (@davidlin_TV): *This video is not financial advise. The channel is not responsible for the performance of sponsors and affiliates. For business inquiries, reach me at david@thedavidlinreport.com 0:00 - Intro 0:30 - When are we getting a recession? 2:00 - Banking crisis explained 12:00 - Global credit impulse 13:30 - Bank runs 15:33 - Labor market 21:40 - Consumer sentiment index 28:00 - Stock market crash 31:30 - Gold, Bitcoin 35:00 - Asset allocation 36:40 - Global demographic trends #recession #economy #investing...(read more)

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Recession in 3 Months: Brace for Mass Layoffs Warns Economist; Banking Crisis Explained in English As the world grapples with the unprecedented challenges posed by the ongoing COVID-19 pandemic, economists are increasingly warning of an impending global recession and the subsequent ramifications. One economist, in particular, has sent shockwaves through the financial world by predicting that we could be facing a recession within three months. Additionally, concerns have been raised about a potential banking crisis, adding to the already bleak economic outlook. This economist's warning comes at a time when many countries are grappling with the devastating impact of the pandemic on their economies. With businesses shutting down, supply chains disrupted, and consumer demand plummeting, the economic fallout has been swift and severe. Governments have implemented strict lockdown measures to halt the spread of the virus, resulting in a virtual standstill of economic activity across various sectors. The predicted recession, if it were to materialize in the next three months, would undoubtedly exacerbate the current already fragile state of affairs. Job losses are expected to soar as businesses, unable to weather the storm, are forced to lay off employees in large numbers. The economist's warning serves as a wake-up call for companies and individuals, urging them to prepare for the worst-case scenario. One of the major concerns overshadowing the impending recession is an imminent banking crisis. As the global economy faces an uphill battle, banks are finding themselves at the center of the storm. The predicted wave of mass layoffs will result in a significant number of households defaulting on their loans, which in turn will weaken financial institutions. Additionally, companies unable to repay their debts due to dwindling revenues will put added strain on the banking sector. The potential collapse of several banks could further compound the economic crisis, leading to a downward spiral of catastrophic proportions. To fully understand the implications of a banking crisis, it is important to comprehend its underlying causes. Put simply, a banking crisis occurs when a significant portion of banks' assets (e.g., loans) become non-performing, uncollectible, or have significantly decreased value. This severely undermines the financial stability of banks, hampering their ability to lend and damaging the overall economy. The pandemic-induced recession greatly influences the banking sector's vulnerability. With businesses unable to generate revenues, loan repayments have become increasingly difficult, severely impacting the asset quality of banks. Moreover, financial market turmoil and declining investor confidence contribute to the fragility of the banking sector, exacerbating the crisis. Governments and central banks across the globe have been scrambling to implement measures aimed at averting an economic collapse. Massive stimulus packages, monetary easing, and regulatory interventions have been announced to cushion the impact of the looming recession. However, as the uncertainty and severity of the crisis persist, the effectiveness of these measures remains uncertain. The economist's warning should serve as an urgent call to action for governments, financial institutions, and individuals alike. Preparing for the potential mass layoffs and navigating the banking crisis will require a coordinated effort and proactive measures. Governments must continue to provide support to struggling businesses and individuals, ensuring that the impact of job losses is minimized as much as possible. Banks should proactively manage their loan portfolios, offering relief measures to borrowers facing financial distress. Individuals should focus on building emergency funds, reducing discretionary spending, and upskilling to adapt to a rapidly changing job market. While the economist's prediction of a global recession in three months may indeed be alarming, it is important to remember that the future remains uncertain. However, by taking proactive steps, being prepared for the worst-case scenario, and implementing effective measures, we can hope to mitigate the anticipated economic downturn and emerge stronger on the other side. https://inflationprotection.org/economist-warns-of-impending-recession-in-3-months-brace-for-mass-layoffs-and-learn-about-the-explained-banking-crisis/?feed_id=130068&_unique_id=64e52a26ca037 #Inflation #Retirement #GoldIRA #Wealth #Investing #alfonsopeccatiello #Bitcoin #business #businessnews #CreditSuisse #davidlin #davidlineconomics #davidlinfinance #davidlininvesting #davidlintrading #davidlinyoutube #DeutscheBank #economicforecast #economics #economicsnews #economy #federalreserve #Finance #financenews #financialnews #Gold #investing #jeromepowell #labormarket #layoffs #macroeconomics #recession #recessionprediction #siliconvalleybank #Stocks #thedavidlinreport #themacrocompass #Trading #RecessionNews #alfonsopeccatiello #Bitcoin #business #businessnews #CreditSuisse #davidlin #davidlineconomics #davidlinfinance #davidlininvesting #davidlintrading #davidlinyoutube #DeutscheBank #economicforecast #economics #economicsnews #economy #federalreserve #Finance #financenews #financialnews #Gold #investing #jeromepowell #labormarket #layoffs #macroeconomics #recession #recessionprediction #siliconvalleybank #Stocks #thedavidlinreport #themacrocompass #Trading