Jeff Klingelhofer from Thornburg Investment remains confident that a recession will likely occur either later this year or in early 2024.

Jeff Klingelhofer, Thornburg Investment Management co-head of investments and portfolio manager, joins 'Squawk Box' to discuss the latest market trends, why he believes investors should avoid Big Tech and focus instead on international stocks, and more. 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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BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing

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As the global economy continues to grapple with the aftermath of the pandemic, financial experts are closely monitoring the signs of an impending recession. One such expert is Jeff Klingelhofer, a portfolio manager and head of investments at Thornburg Investment Management. Klingelhofer believes that a recession is still on the horizon, likely to hit later this year or in early 2024. Although economies around the world have shown signs of recovery as vaccination efforts from Covid-19 ramp up, Klingelhofer argues that many underlying problems still persist. The unprecedented stimulus measures implemented by governments and central banks to curb the economic downturn have created inflated asset prices and increased debt burdens. As a result, there are concerns that these measures may have delayed an inevitable economic reckoning. One of the primary drivers of this concern is the significant increase in global debt. Governments worldwide have taken on substantial amounts of debt to support struggling businesses and provide relief to individuals affected by the pandemic. While these measures were necessary to prevent a complete collapse, the long-term consequences of this debt burden cannot be ignored. Klingelhofer suggests that the increasing debt levels will likely lead to limited fiscal flexibility in the future. As countries grapple with this burden, they may need to cut spending or raise taxes, both of which can have a detrimental effect on economic growth. Additionally, higher interest rates may be necessary to control inflation, further inhibiting economic expansion. Furthermore, Klingelhofer points out that the current economic recovery is heavily reliant on government support and temporary measures such as enhanced unemployment benefits and business loans. Once these measures are scaled back or removed, the true state of the economy may be revealed. It is possible that we may witness a significant decline in consumer spending and business investment, leading to a contraction in economic activity. The global supply chain disruptions caused by the pandemic also present a concerning challenge for sustained economic growth. Shipping delays, raw material shortages, and rising input costs have contributed to inflationary pressures, affecting various sectors. These challenges could persist for some time, hindering the recovery and potentially leading to a recession. While there are factors pointing towards a potential recession, it is important to note that economic forecasting is notoriously challenging and subject to unforeseen events. Nevertheless, Jeff Klingelhofer's insights serve as a reminder that the road to economic recovery is not without obstacles. As governments and central banks navigate the delicate balance between stimulating growth and managing debt, it is crucial to remain vigilant and ensure that sustainable economic policies are implemented. By addressing the underlying concerns and focusing on long-term structural adjustments, policymakers can lay the foundation for a more resilient and stable future. In conclusion, Jeff Klingelhofer's warnings about a potential recession later this year or in early 2024 highlight the ongoing risks and uncertainties surrounding the global economy. While the situation remains fluid, his insights urge individuals and policymakers to remain cautious and proactive in preparing for the potential economic challenges ahead. https://inflationprotection.org/jeff-klingelhofer-from-thornburg-investment-remains-confident-that-a-recession-will-likely-occur-either-later-this-year-or-in-early-2024/?feed_id=141478&_unique_id=65191e7dd326c #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