Calls of a global economic slowdown and U.S. recession risks are swirling into the perfect storm as officials continue to keep a close eye on economic prints. FWDBONDS Chief Economist Chris Rupkey and Sonali Pier, PIMCO Managing Director and Portfolio Manager, join Yahoo Finance Live anchors Julie Hyman and Brad Smith to discuss U.S. recession forecasts. "For a recession to be a recession is the unemployment rate needs to rise 0.5 percent points from the low, and that pretty much almost every time, except one since the 70s, meant we were in a recession," Rupkey explains. "There's reasons to believe that 3.8 last month won't stick." Pier outlines the best portfolio and sector strategies investors should keep in mind amid recession risks. Subscribe to Yahoo Finance: About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates tha
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 :)