Joe Terranova, Virtus Investment Partners, and Alicia Levine, BNY Mellon, join 'Closing Bell' to discuss Tesla's market performance post-earnings and overall markets....(read more)
BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing
In a recent interview, Liz McCormick Levine, a senior economist at BNY Mellon, shared her concerns about the global economy and warned that we are "slow walking" towards a recession. Levine's insights shed light on the potential risks and challenges that lie ahead for the financial world. Levine acknowledged that the current economic indicators may not seem worrisome at first glance. Stock markets are soaring, unemployment remains low, and some countries are experiencing reasonable economic growth. However, she explained that beneath this seemingly stable facade, several red flags are emerging. One of the main concerns Levine identified is the presence of large debt burdens worldwide. Governments, corporations, and even individuals have taken on significant levels of debt, which can be problematic if not managed properly. Levine pointed out that this growing debt, coupled with rising interest rates, could create a highly fragile economic environment. Another factor contributing to the potential recession is the ongoing trade tensions, particularly between the United States and China. The trade war has had a significant impact on global supply chains and disrupted the flow of goods and services. Levine highlighted that the uncertainty and instability caused by these trade disputes have the potential to harm economies worldwide. Levine also expressed concerns about the declining global growth rates. While some countries are experiencing moderate economic expansion, others are slowing down, and a few are on the brink of recession. She emphasized the interdependence and interconnectedness of the global economy, warning that a slowdown in one region could have a domino effect, negatively impacting other parts of the world. Furthermore, Levine mentioned that central banks worldwide have limited policy tools to stimulate economic growth if a recession were to occur. With interest rates already historically low, central banks have little room to maneuver and may struggle to combat a severe economic downturn. This lack of ammunition could further exacerbate the impact of a potential recession. Levine concluded by explaining that while the recession is not imminent, the warning signs are there, and it is prudent to be prepared. She stressed the importance of policymakers and individuals considering these risks and taking necessary actions to mitigate the potential impacts. This could involve reducing debt levels, diversifying investments, and promoting global cooperation to resolve trade conflicts. In summary, Liz McCormick Levine's warning about us "slow walking" towards a recession should not be taken lightly. The global economy is facing challenges such as mounting debt burdens, trade tensions, declining growth rates, and limited policy tools. It is crucial for individuals and policymakers to be proactive in managing these risks and preparing for a potentially turbulent economic future. https://inflationprotection.org/bny-mellons-levine-suggests-we-are-gradually-approaching-a-recession/?feed_id=141198&_unique_id=651820658d6a4 #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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