Frances Donald, chief economist at Manulife Investment Management, explains why historical precedent still points to the United States entering recession at some point in 2024 despite positive economic data and slowing inflation. Frances speaks with Tom Keene and Paul Sweeney on Bloomberg Radio.
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Keep printing money, I'll just put it into bitcoin and reap the rewards of an inflation hedge asset.
Something has to give. Businesses are rolling in cash while people are struggling. Prices have gotten out of control. It’s obscene.
The Fed will tell us we had a recession in 2023-24, but not until 2025.
folks with $1 million or more saved in their 401(k) accounts jumped 20%
422,000 retirement savers in Fidelity 401(k) plans sporting balances of seven figures
391,562 IRA millionaires on Dec. 31, up from 338,725
Just can’t possibly see a recession. If there is a recession it’s these people don’t want to spend their money. There are plenty of rich 401k boomers out there.
Will AI usage be made a part of school syllabus?
How will we model human life for happiness and prosperity by using AI?
How is usa going be ahead in patents and start ups?
Can AI help to ease the depression and boom of market cycle for betterment of citizen in capitalist country lkke usa.
She would never be invited on CNBC- she doesn’t breathe thru her mouth and never once said AI. She is also likely spot on.
"The Federal Reserve System is not Federal; it has no reserves, and is not even a system at all. But rather an international criminal syndicate."- Eustace Mullins.
The American consumer is kept alive by the fact that the US dollar is the world's reserve currency. Just look at the US trade deficit. At one point or another, the American consumer is forced to produce something that the citizens of other countries consume.
The price of a home has inflated 2 or 3 times the real value, the price of gasoline, food, electricity, natural gas, water has doubled in some states triple, the price of a car, van or truck has doubled, the price of car-Insurance, health-insurance, home-insurance has double This is the way the B-administration takes money from the poor and gives it to the billionaire (BlackRock&GiPOwners), but you are too dumb to figure that out. The B-administration is using your credit card to finance 3 wars, every corrupt politician gets their piece of the pie, the money to make payments on the credit card, come out of your paycheck, that makes you a slave.
she nailed it!
Print money, spend more money on wars and weapons, do nothing about the American people and the infrastructure.
if we get a recession, then interest rates will get cut, which is good
You missed the one thing that is different this time……. $2 trillion deficit spending. This level of spending is beyond any level of spending that was done to bring us out of recession. But this time, it was done prior to it and has forced the FED to go higher for way longer. BTW, inflation is 8% and not 3%. Larry Summers did a study that revealed that when calculated by historical procedure, inflation is actually 8% right now!!!
Can you do Palo Alto Networks (PANW), Micron Technologies (MU), SalesForce (SRM), & Ralph Lauren (RL)
Thank you in advance!
it's feb 29. a lot of things could happen in the next 10 months. using a headline of "could still see" indicates that a significant portion of the year is over. it isn't. this is nonsense.
There is no way the Fed is going to be allowed by Biden's puppet masters to force an economic slowdown to control inflation prior to November……
Sadly they are already feeling it unless your a shareholder or high level management. Pain is coming for all and I hope it’s a lesson to everyone so it doesn’t happen again
I ❤ Frances Donald. Super smart. I personally am slightly more bullish this time. But I am not nearly as smart as her.
She’s a multimillionaire… just helping us out a bit. 🎉 it’s her job.
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