A US recession on the horizon

Livewire Exclusive

Livewire Markets

Harry Colvin, Director & Senior Economist at Longview Economics, has some serious concerns about the state of the US and global economies. “CapEx is shrinking, global earnings are shrinking, manufacturing globally is broadly in recession. There’s weakness spreading from emerging markets across the world and it’s feeding back into the US economy.” The culmination of all these issues is an obvious one: recession. “We’re looking for a mild recession, not something like 08-09, something more like 2001 or 1990. A mild, shallow recession, but with that, of course, a bear market in equities, which in our view has already begun.” Similarly, they expect to see outperformance of the defensive parts of the risk spectrum. Watch the full video below for more detail, including how wages growth is doing more harm than good.


2 topics

Livewire Exclusive
Livewire Markets

Livewire Exclusive brings you exclusive content from a wide range of leading fund managers and investment professionals.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment