Roger Altman, Evercore founder and senior chairman, joins 'Closing Bell' to discuss Fed rate hikes after chair Jerome Powell stated that more restriction is to come. For access to live and exclusive video from CNBC subscribe to CNBC PRO:
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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
Roger Altman is a prominent figure in the finance industry, known for his expertise and insights on economic matters. As the founder and senior chairman of Evercore, a leading global independent investment banking advisory firm, Altman has made significant contributions to the field. Recently, Altman shared his thoughts on the state of the English economy, predicting a moderate recession on the horizon. Altman's views are grounded in his extensive experience and knowledge of the global economy. Having served as the Deputy Treasury Secretary in the United States during the Clinton administration, Altman understands the intricacies of economic policies and their implications. His opinions carry weight and are worth considering when analyzing the health of a country's economy. Altman bases his prediction of a moderate recession in England on a variety of economic indicators. He factors in the impacts of Brexit, ongoing trade tensions, and the global economic slowdown. These events have created an uncertain environment, leading to a lack of business investments and reduced consumer spending. Altman believes that this combination of factors will eventually lead to a slowdown in the English economy, resulting in a moderate recession. It is important to note that Altman does not anticipate a severe economic downturn similar to the 2008 financial crisis. However, he warns that a moderate recession still carries significant consequences. The effects of a recession typically include rising unemployment rates, lower GDP growth, and decreased business profitability. Altman's prediction suggests that England may face these challenges in the coming months or years. Altman's assessment is significant for several reasons. Firstly, his reputation in the finance industry lends credibility to his predictions. Investors and economists often look to figures like Altman for guidance when making important financial decisions. Secondly, Evercore's position as a leading global investment bank means that Altman has access to extensive resources and research. His analysis is likely based on comprehensive data and reliable sources, giving his predictions further weight. While Altman's forecast of a moderate recession may raise concerns, it is essential to recognize that predictions are not certainties. The economy is influenced by numerous variables, making it difficult to accurately forecast its future trajectory. However, it is prudent to consider the insights provided by seasoned experts like Altman when assessing the potential risks to an economy. In conclusion, Roger Altman's prediction of a moderate recession in England provides valuable insights into the country's economic future. As a respected figure in the finance industry and the founder of Evercore, Altman's perspectives deserve attention. While only time will tell if his forecast comes to fruition, considering his expertise and access to data makes his analysis a valuable contribution to economic discussions. Regardless of the outcome, monitoring economic indicators and expert opinions is crucial for understanding and preparing for potential economic downturns. https://inflationprotection.org/there-will-be-a-moderate-recession-says-roger-altman-of-evercore/?feed_id=142640&_unique_id=651dc25e60a32 #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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