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 alloc