Eric Basmajian, economist and founder of EPB Research, discusses the major threats to the economy, how a recession is defined by the NBER, and the sectors and jobs most at risk from a pending economic contraction. *This video was recorded on June 23, 2023 FOLLOW ERIC BASMAJIAN EPB Research: Twitter (@EPBResearch): YouTube channel: FOLLOW DAVID LIN: Twitter (@davidlin_TV): TikTok (@davidlin_TV): Instagram (@davidlin_TV): For business inquiries, reach me at david@thedavidlinreport.com *This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates. 0:00 - Intro 1:10 - Fed pause and stocks 5:28 - Credit contraction 11:00 - Interest rate direction 14:00 - Delinquency rate on credit cards 19:20 - Economy is stressed 21:00 - Retail sales 24:11 - Probability of a recession 30:55 - Bear market rally 33:30 - NBER definition of recession 40:48 - When is the recession coming? 44:00 - Jobs most at risk 48:50 - Real ...
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)