US headed for a deep recession in near future as stocks could fall 30%, analyst warns

[mountaineer]

US headed for a deep recession in near future as stocks could fall 30%, analyst warns
 By Megan Henney, Fox Business   
Published July 2, 2024, 5:37 p.m. ET
NY Post

There may be trouble looming on the horizon for the U.S. stock market, according to BCA Research.

In a note to clients last week, BCA Research chief global strategist Peter Berezin warned that, contrary to popular belief, the economy will fall into a recession either this year or in early 2025.

Should that happen, the S&P 500 could tumble to 3,750, which marks a 30% drop from current levels.

Berezin’s prediction hinges on the belief that the labor market will slow notably in coming months, which will weigh heavily on consumer spending – a major driver of economic growth. The relationship between inflation and unemployment is measured by something called the “Phillips curve.”  ...

[catfish1957]

Also saw an article (wish I'd clipped) that soverign debt is now worldwide 100% of GDP for the first time in history.

And a reason why the dims may be bailing on winning this year.  Nothing like blaming a major recession and market correction on your opponents.

[Bigun]

Also saw an article (wish I'd clipped) that soverign debt is now worldwide 100% of GDP for the first time in history.

And a reason why the dims may be bailing on winning this year.  Nothing like blaming a major recession and market correction on your opponents.

Several people here have been warning of this for months! And BTW, I think a 30% correction is WAY to optimistic.

[libertybele]

Several people here have been warning of this for months! And BTW, I think a 30% correction is WAY to optimistic.

No worries ... Joe says that the economy is doing fine!

[roamer_1]

Several people here have been warning of this for months! And BTW, I think a 30% correction is WAY to optimistic.

Yep. It might just blow up real good.

And a Republican win might offer the illusion of a fix, with a pretty typical (to Republicans) tax cut kicking off a jump start... But it's all smoke and mirrors if spending isn't reined in.

[LMAO]

Recessions and market corrections are all part of a boom bust cycle. We’ve had panics and crashes and recessions and stock market drops before

But we’ve been using debt to artificially prop up GDP numbers  since the end of the Great Recession

 I have confidence that whoever wins the presidency this November will repeat the same formula after the crash of 2008 or the Covid crash.

It’s not the market correction or a recession that worries me. It’s what politicians do in response that’s the problem

[DB]

Trump's instinct is send everyone a check with his name on it somewhere extending the pain.

[LMAO]

We need a mix of Paul Vockler, Calvin Coolidge, Milton Friedman, and Javier Milei to get out of this mess

[libertybele]

We need a mix of Paul Vockler, Calvin Coolidge, Milton Friedman, and Javier Milei to get out of this mess

A lot of prayers for a miracle is what we need to get us out of this mess.

[LMAO]

A lot of prayers for a miracle is what we need to get us out of this mess.

We don’t need prayers or a miracle. Just the right policies

Not having trillion dollar deficits would be a good start. And having people stop making excuses for why their party had to increase those  deficits would be another.

[libertybele]

We don’t need prayers or a miracle. Just the right policies

Not having trillion dollar deficits would be a good start. And having people stop making excuses for why their party had to increase those  deficits would be another.

No prayers?  Right. 

[Wingnut]

US headed for a deep recession in near future as stocks could fall 30%, analyst warns

Yeah. No.

I don't have a future ball.  But every prediction These "Anal-ists" have made has been wrong/

[LMAO]

Yeah. No.

I don't have a future ball.  But every prediction These "Anal-ists" have made has been wrong/

I’ve been hearing these predictions for 30 years. But a recession and a  market correction followed by sound fiscal and Monetary policies is the right medicine, especially for inflation

This can’t continue forever without something giving

[Wingnut]

I’ve been hearing these predictions for 30 years. But a recession and a  market correction followed by sound fiscal and Monetary policies is the right medicine, especially for inflation

This can’t continue forever without something giving

What is a guy to do?   In 07 and o8 things whet to shit.   But it bounced back.  People who panicked and took their money out were F'd.   

[catfish1957]

Also saw an article (wish I'd clipped) that soverign debt is now worldwide 100% of GDP for the first time in history.

And a reason why the dims may be bailing on winning this year.  Nothing like blaming a major recession and market correction on your opponents.

Found....

https://www.cnn.com/2024/07/02/economy/global-debt-crisis/index.html

[LMAO]

What is a guy to do?   In 07 and o8 things whet to shit.   But it bounced back.  People who panicked and took their money out were F'd.

I didn't panic.

[catfish1957]

I didn't panic.

I bought in big time in '87, '00, and '08-'09  My biggest rule is the best time to invest while in accumulation mode is when everyone is running in the opposite direction. During COVID  I did skip that philosphy due to being in retirement.

My son tripled his net worth though.

[berdie]

imho, there isn't much that a person can do. There will be no safe haven. I just hope I live long enough to get thru it.