The Julia La Roche Show
#178 Peter Boockvar: The Is The Most Mixed And Uneven Economy That I’ve Ever Seen And It Feels More Like A 1.5% GDP Growth Rate Economy Rather Than 3%
Jun 25, 2024
Peter Boockvar, Chief Investment Officer at Bleakley Financial Group and CNBC contributor, discusses the mixed and uneven state of the economy, highlighting trends in housing, consumer spending, and manufacturing. He talks about government spending, the labor market impact, and challenges faced by the Federal Reserve. Boockvar shares his outlook on slower US growth, Asia's economic importance, and investment preferences in commodities and Asian markets.
35:12
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Quick takeaways
- The economy is experiencing mixed performance across sectors, with a lower than expected 1.5% GDP growth rate.
- Higher inflation and interest rates are anticipated, impacting consumer behavior and requiring adjustment to a new economic normal.
Deep dives
The Economy and GDP Growth Rate
The economy is described as mixed and uneven, showing a 1.5% GDP growth rate instead of the anticipated 3%. Various sectors like housing, consumer spending, and manufacturing present a diverse performance. The government spending has been significant but may not lead to substantial economic growth. The labor market shows a mix of signals, making it a challenging environment to navigate.
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