Odds U.S. economy does not see a recession ‘pretty unlikely’, says Unlimited Funds’ Bob Elliott

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Bob Elliott, Unlimited Funds CIO, joins ‘Closing Bell Overtime’ to talk the banking sector, the Federal Reserve, the possibility of a recession and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi 

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31 COMMENTS

  1. When you adjust for inflation the USA has been in a recession for at least a DECADE and, now that we have at last a return on savings for the first time in a Generation…yes this inflation is now both transparent and worse than ever. People not investing accordingly (defensives, small caps) well, just look at the smackdown that happened to the rank speculators in nVidia now Intel 😮😮😮😮😮😮 with even worse news on tap because of a wholly unsurprising media driven War with Iran to blame for All the Things and the truly stupendous deficits that go with that. Short JetBlue strong sell.

  2. Having lived as an adult through the early 1980s I don't see today's events similarly. Today we have inflation coming down without major job losses and actual job vacancies. That indicates everyone who wants to work is working. In 1980 we had high interest rates and high unemployment along with with few job openings available. Our economy today is actually expanding and employers want addition workers in most fields. The Fed may tweak interest a bit more, but inflation has decreased significantly in the last 18 months. In 1980 annual inflation was 13.5% and was over 6% in 1982 with a weak economy. Today we're at 3.6% inflation down from 8.5% in a strong economy. Apples and oranges.

  3. Been listening to this BS for way too long! We are in a very bad place economically, and when I say "we" I mean anyone in the lower and middle class. So pretty much 98% of the country.

  4. they've been saying a recession is coming for over 2 years…with unemployment being at historic lows…and people complaining about inflation..
    but still dishing out the money for food and and other over priced stuff…it ain't happening

  5. There is so much money in the system that if the FED keeps the rates at these levels for another two years, we still will not see a meaningful recession. Maybe here and there something will collapse but economy will not feel it.

  6. Fed should keep the rates at these levels for at two years to get rid of inflation. Basically it is easy to see. Everybody has tons of savings, even if they loose job and the rates drop and soon they find a new job.

  7. WOW!!! Fed Stability Report said "Equity price gains exceed that of expected earnings." It is official, the market is overvalued. No wonder it went down Friday.

  8. We have to stop delaying the inevitable, high-earners and corporations has to pay more into the system. The 99% has no more blood to spill.

    There is no other solution. Just get on with it already!

  9. These chat GPT conversations in these threads pimping various financial advisors and services are getting tiresome. Do people really fall for these? They must or they wouldn't be everywhere. Oh well, if it wasn't them fleecing people it would be someone else…

  10. Recessions are a normal part of the economic cycle, therefore your only option is to be prepared and make plans accordingly. 2009 saw a recession when I started my profession. My initial job out of college was performing aerial acrobatics on cruise ships. I have built my own company, work as a vice president for a significant organization, own three rental properties, make investments in stocks and companies, and have experienced a two million dollar increase in my net worth in the last four years.

  11. 👍👍👍.I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market. i was at a seminar and the host spoke about making over $972,000 within 3 Months with a capital of $200,000. I just need creative ideas to afford my retirement.

  12. American's are running out of their cash piles finally, or $1 trillion in credit card debt? Which is it, idiot? Everything these clowns say is backasswards and contradictory to the last report that's already been contradicted a dozen times before it gets posted to YouTube.

  13. The current economic system contributes to instability, inflation, and poverty. A new Creative Society economic model is required, one that can guarantee everyone's stability, security, and a high standard of living. But unfortunately, whenever the leaders we depend on appear on TV to tell us not to panic that everything is under control, that is actually the time to fear the most! Saddening…

Comments are closed.