Jamie Cox, managing partner at Harris Financial Group, and Frances Donald, chief economist and strategist at Manulife Investment Management, join 'The Exchange' to discuss the accumulating effect of interest rate policy, indicators of a recession, and the rise in jobless claims.... ( read more )
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According to Manulife's Jamie Cox, nearly every data indicator is suggesting an impending recession. This news is important for investors and the general public to be aware of as it can impact their finances and the overall economy. One data point to consider is the yield curve, which has historically shown to be a reliable predictor of a recession. The yield curve is the difference between the interest rates on short-term and long-term government bonds. When the yield curve inverts, meaning short-term interes
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