Joe and Becky asked him how can you be so sure about no risk of high inflation after we’ve seen hotter CPI’s the last two months
I would have asked the same question.
This looser monetary policy is a big roll of the dice by the Fed this week
— QE Infinity (@StealthQE4) March 22, 2024
🚨RETAIL STOCKS DOWN BIG YTD:
– Puma -22%
– Lululemon -21%
– Nike -12%
– Kering (Gucci Parent Company) -8.36%Probably nothing. pic.twitter.com/prWXkASfds
— Genevieve Roch-Decter, CFA (@GRDecter) March 22, 2024
Seattle’s MOD Pizza, once hailed as the country’s fastest-growing restaurant chain, shuttered 25 locations nationwide. pic.twitter.com/SOmVLMAcMd
— Kat B (@dedkatbouns) March 22, 2024
A recession is likely to hit the US economy in 2024, a new economic model highlighted by the economist David Rosenberg suggests.
The economic indicator, which Rosenberg calls the “full model,” suggests there’s an 85% chance of a recession striking within the next 12 months.
That’s the model’s highest reading since the Great Financial Crisis in 2008.
The model is based on a working National Bureau of Economic Research paper and consists of financial conditions indexes, the debt-service ratio, foreign term spreads, and the level of the yield curve.
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