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WEALTHTRACK
Looming Recession
May 18, 2024
Leading Wall Street economist Nancy Lazar discusses the looming recession in the US, highlighting how 19 states are already in a recession. The podcast explores the impact of rising consumer debt levels, declining confidence, and the differing perspectives with the Federal Reserve on the economy's state. Topics include the risks in the manufacturing sector, navigating economic challenges and market risks, and investing strategies for long-term wealth growth.
25:54
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Quick takeaways
- 19 states are in recession as consumer debt rises and confidence falls
- Middle America shows economic strengths but faces risks from higher rates and tight lending standards
Deep dives
Middle America's Economic Resilience
Nancy Lazar highlights the economic strengths of middle America, praising states like Indiana, Wisconsin, Iowa, Alabama, and Idaho for their business-friendly environment and job growth. Despite a manufacturing renaissance and government investments, middle America faces challenges from national economic headwinds like higher interest rates, tight bank lending standards, and rising wages.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode