CNBC: Worst is yet to come: Economist Stephen Roach says U.S. needs ‘miracle’ to avoid recession
Negative economic growth in the year’s first half may be a foreshock to a much deeper downturn that could last into 2024.
Stephen Roach, who served as chair of Morgan Stanley Asia, warns the U.S. needs a “miracle” to avoid a recession.
“We’ll definitely have a recession as the lagged impacts of this major monetary tightening start to kick in,” Roach told CNBC’s “Fast Money” on Monday. “They haven’t kicked in at all right now.”
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Update: Johns Hopkins economist predicts ‘whopper’ of a recession in 2023 — and points to one key economic reading the Fed is missing (Fortune)
WNU Editor: I have been a follower of John Hopkins economist Steve Hankey for years. I have found his predictions on interest rates to be always correct, and his "Hanke-Cofnas Gold Sentiment Score" is a must go place for those who like gold (link here). His twitter account is also a must follow (link here).