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Economists' group says recession forecasts are skyrocketing

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Manage episode 477371964 series 2712770
Content provided by Money Life with Chuck Jaffe and Chuck Jaffe. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Money Life with Chuck Jaffe and Chuck Jaffe or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Rebecca Rockey, deputy chief economist and global head of forecasting at Cushman & Wakefield — an analyst on the outlook survey committee for the National Association for Business Economics — discusses the group's recent "flash survey" of economists which found that since tariff policies were announced on "Liberation Day," more than one-third of economists now believe the next recession is likely to start this year. Another half of the respondents have also raised their chances for a significant economic downturn. Rockey says that media forecasts for economic growth show significant downgrades since the tariff announcements, and notes that it appears this sentiment shift is the swiftest she has seen in any two-week period of time, including in times like Covid and other crises. Bob Powell, editor at Retirement Daily, talks about how seniors and pre-retirees should be considering the headlines on tariff and other government policies when it comes to spending, saving, retirement planning, Social Security, Medicare and more. Plus, Chuck answers three questions from listeners, discussing sequence-of-return versus market risk, how and why tariffs impact bond markets and his general feelings about tariffs.

  continue reading

1817 episodes

Artwork
iconShare
 
Manage episode 477371964 series 2712770
Content provided by Money Life with Chuck Jaffe and Chuck Jaffe. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Money Life with Chuck Jaffe and Chuck Jaffe or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Rebecca Rockey, deputy chief economist and global head of forecasting at Cushman & Wakefield — an analyst on the outlook survey committee for the National Association for Business Economics — discusses the group's recent "flash survey" of economists which found that since tariff policies were announced on "Liberation Day," more than one-third of economists now believe the next recession is likely to start this year. Another half of the respondents have also raised their chances for a significant economic downturn. Rockey says that media forecasts for economic growth show significant downgrades since the tariff announcements, and notes that it appears this sentiment shift is the swiftest she has seen in any two-week period of time, including in times like Covid and other crises. Bob Powell, editor at Retirement Daily, talks about how seniors and pre-retirees should be considering the headlines on tariff and other government policies when it comes to spending, saving, retirement planning, Social Security, Medicare and more. Plus, Chuck answers three questions from listeners, discussing sequence-of-return versus market risk, how and why tariffs impact bond markets and his general feelings about tariffs.

  continue reading

1817 episodes

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