The consensus coming into this year among cnomist was that we were going to see a slow down, a cool down, not necessarily a contraction. The number of people, thet the rists that people assign to the possibility of recession are rising. Bank of america to day cut its growth forecast for the fourth quarter of next year to under a half%.
Bloomberg News Economics Reporter Rich Miller explains that US economy is starting to show signs of strain under the weight of decades-high inflation and climbing interest rates -- raising the risk of a downturn. Mario Cordero, Executive Director at Port of Long Beach, discusses port traffic and the potential for import overload when China lifts lockdowns. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Global Business Executive Editor Brian Bremner share the details of Brian's Businessweek Magazine story Future of Humanity in Peril if We Ignore Message of the Microbes. Rob Frasca, Managing Partner at Cosimo Ventures, talks about the institutional adoption of cryptocurrencies. And we Drive to the Close with Alan Zafran, Founding Partner and Co-CEO at IEQ Capital.
Hosts: Tim Stenovec and Katie Greifeld. Producer: Paul Brennan.
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