Adam Taggart - Soft vs Hard Landing: Where Is the US Economy Heading in 2024?

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Welcome back! Today, we have the pleasure of hosting  Adam Taggar, founder & host of Thoughtful Money.

Adam discusses his outlook for the US economy for the rest of 2024, offering a “consensus consolidation" of insights gathered from the experts he frequently interviews on his channel.

We delve into the impact of central bank interventions, the potential consequences of inflation, and the challenges in forecasting economic trends. We also touch upon the worrying US employment data, market breadth, and the concentration of market gains in a few stocks. While considering the possibility of a ‘soft landing,’ Adam emphasises the importance for investors to have contingency plans in case the outlook proves more challenging than expected. We conclude with Adam expressing concerns about the rapid displacement of labour by AI and the challenges of a worsening immigration crisis in the US.

Prior to Thoughtful Money, which he launched last November, Adam ran Wealthion. He has worked in diverse roles, among them investment banker for Merrill Lynch, at the start of his career, and Vice President of Marketing for North America at Yahoo! Finance.

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