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
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