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Wealthion - Be Financially Resilient

Don't Be Fooled: A Hard Landing Lies Ahead For The Economy (And Markets) | Stephanie Pomboy

Jan 31, 2023
Stephanie Pomboy, a macro analyst, predicts a serious recession this year. Topics include economic cooling, job security, and protecting capital. The podcast delves into rising interest rates, Fed policy, market reactions, consumer credit defaults, and the importance of financial advisors.
01:20:37

Podcast summary created with Snipd AI

Quick takeaways

  • Serious recession is imminent, job security is crucial future focus.
  • Corporate debt vulnerability highlighted, wave of bankruptcies possible.

Deep dives

Economic Outlook and Recession Predictions

Economic growth is slowing globally, and there is speculation about whether a recession is imminent. The podcast discussions center around the comparison to the 2008 financial crisis, highlighting concerns about the severity of the upcoming recession. With unprecedented Fed rate hikes and high debt levels, there are warnings about potential economic shocks that could have profound impacts, contrary to the market's current complacency.

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