Crisis in the Global Economy

A growing number of experts believe that a recession is looming on the horizon.

This week, Greg and Doug look at the importance of being prepared for the dips while remaining focused on the brighter days to come.

Key Takeaways

[00:21] - Recent headlines on the global economy. [06:01] - What surveys say about the economy and the market. [11:17] - What analysts have to say about the current state of the market. [14:27] - Insights into how bull markets and bear markets work. [15:40] - The impact of high mortgage rates on the housing market. [20:00] - What it takes to survive a possible recession.

Quotes

[03:38] - "The markets are hoping that data provides the Fed an excuse to pivot or get more dovish and not continue down the path of raising rates. The jobs report that came out on Friday did the opposite." ~ Greg Stokes

[06:56] - "The Federal Reserve is trying to push the economy into a recession, which means having corporate profit margins cut substantially, and corporate earnings cut down, leading to higher unemployment." ~ Doug Stokes