People Are Still Too Worried About A Recession | BCG Chief Economist Philipp Carlsson-Szlezak

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  • čas přidán 15. 07. 2024
  • Forward Guidance is sponsored by VanEck. Learn more about the VanEck Morningstar Wide MOAT ETF (MOAT) at vaneck.com/MOATFG.
    Follow Jack Farley on Twitter / jackfarley96
    Follow Forward Guidance on Twitter / forwardguidance
    Follow Blockworks on Twitter / blockworks_
    __
    Timestamps:
    00:00 Introduction
    00:46 Economic False Alarms Over Past 5 Years
    05:44 The False Recession Signal of 2022
    19:36 VanEck Ad
    20:17 What Is The Cause Of So Much Economic Pessimism?
    26:26 Are Sovereign Debt Levels A Threat To Economy?
    39:56 Permissionless III Ad
    40:54 AI And Labor Productivity
    54:04 How To Prepare For Actual Material Economic Threats
    01:00:52 What Are The False Signals Of 2024?
    01:06:25 Geopolitical Risks
    01:13:10 U.S. / China Tensions
    01:17:22 Black Swan: Solar Flare
    __
    Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
  • Zábava

Komentáře • 144

  • @BlockworksHQ
    @BlockworksHQ  Před 14 dny +3

    Forward Guidance is sponsored by Van Eck. Learn more about the VanEck Morningstar Wide MOAT ETF (MOAT) at vaneck.com/MOATFG

  • @bretts2320
    @bretts2320 Před 14 dny +27

    We’re in a recession. It’s not that we’re too worried. It’s that we are being lied to.

    • @jjoonathan7178
      @jjoonathan7178 Před 14 dny +3

      Hope you weren't putting your money where your mouth is. If so... my condolences.

    • @BatmanBoss
      @BatmanBoss Před 14 dny +1

      But models and stuff! Numbers and models and stuff say everything is great!

    • @1ntrcnnctr608
      @1ntrcnnctr608 Před 14 dny +1

      prepare for solar flare!!!!

    • @fernmoss-456
      @fernmoss-456 Před 14 dny +5

      People who makes less than 75k a year in coastal cities are absolutely in recession. Cost of living is through the roof.

    • @dogetaxes8893
      @dogetaxes8893 Před 14 dny

      I swear this statement comes from a beartard pretty much every year, and then when a recession does occur they move the goal posts and start calling for a second Great Depression. It’s the bears bread and butter.

  • @garrettpatten6312
    @garrettpatten6312 Před 14 dny +7

    Payroll survey shows people having 2-3 jobs and people who didnt want to work being forced back into the work place.

  • @coop-us7tp
    @coop-us7tp Před 14 dny +8

    As a person with considerable visibility across much of the manufacturing sector east of the Mississippi, I can say with certainty that there has been considerable weakness in B2B and B2C business since mid-Q1. I've seen medium-large companies do large layoffs, be late paying bills, freeze engineering spend on new projects, and reduce/delay orders for input components. This is widespread, not isolated to specific sub-sectors or regions. The financial professional types keep pushing the "all is well" narrative, but as a 'boots on the ground' guy I must strongly disagree. I have my theories to explain the disparity, but that'd be a book of a reply.

    • @l.christoffersen7502
      @l.christoffersen7502 Před 14 dny +1

      Most of my portfolio is biotech and I've been getting slaughtered all year. We're definitely in a recession in some areas, but it's very uneven, the AI bubble is sucking up a lot of the money while other sectors and small cap stocks are hurting. It's easy to look at the overall average and say we're not in a recession but when reality kicks in and the AI narrative has to take a setback I think we might finally see a correction in some of these insane valuations among the large tech companies that are carrying the market.

    • @coop-us7tp
      @coop-us7tp Před 14 dny

      @@l.christoffersen7502 Biotech will recover nicely when rate cuts begin

  • @OzlemFatih-jp7lu
    @OzlemFatih-jp7lu Před 14 dny +109

    Do you think XAI44X will pump before ETH?

  • @kristii_86
    @kristii_86 Před 14 dny +98

    As always, a great analysis. Newcomers often wonder if it's too late to navigate the financial market, but the market is always unpredictable. Trading has more advantages than simply holding, so it's important to learn before diving in. Active trades are necessary to ride the market's waves. Thanks to Whitney Eston insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings, managed to grow a nest egg of around 127k to a decent 532k. Kudos to the journey ahead!

    • @kristii_86
      @kristii_86 Před 14 dny

      She's mostly interacts on Telegrams, using the user-name...

    • @kristii_86
      @kristii_86 Před 14 dny

      @WhitneyEston

    • @AnthonyFisher951
      @AnthonyFisher951 Před 14 dny

      Reason i invest in the crypto market; to make my money work for me, to prevent inflation from eroding my savings.

    • @CatherineMason425
      @CatherineMason425 Před 14 dny

      A better way is to get proper guide!!!! The most important thing is the technicality and Whitney Eston keeps proven herself.

    • @AdamRainey729
      @AdamRainey729 Před 14 dny

      Building a good investment portfolio is more complex so I would recommend you seek Whitney support.

  • @stevenmix3723
    @stevenmix3723 Před 14 dny +3

    Price to Sales are nearly twice what they were at the 2007 peak, before the giant crash. I don't see how that means that people are worried about any recession today. They are obviously buying more stocks, without worry.

  • @Jean-Luc-sh2pg
    @Jean-Luc-sh2pg Před 14 dny +4

    this is why consultants aren't investors. right here.

    • @josxxxxxxxxxxxxxxxxx
      @josxxxxxxxxxxxxxxxxx Před 4 dny

      crazy right? the amount of nothingness that is heard. consultant myself here

  • @anamaxa
    @anamaxa Před 13 dny +1

    I feel like he's dressing it up as "Judgement call," but actually just advocating for gobbly goop. lol

  • @garrettpatten6312
    @garrettpatten6312 Před 14 dny +6

    This guy just chooses not to believe what real people say (household survey) and instead believes cooked books.

    • @bpb5541
      @bpb5541 Před 12 dny

      Well said. GDP, CPI, Umeployment all of it have been cooked.

  • @Handle35667
    @Handle35667 Před 13 dny +1

    Coastal cities in Liberal jurisdictions are in a recession.
    Midwest states in Conservative jurisdictions are not in a recession.
    The rest of the cities vary, but follow a similar pattern to the Coastal vs. Midwest cities.

  • @vdanger7669
    @vdanger7669 Před 14 dny +3

    This is fine

  • @mattsmith8497
    @mattsmith8497 Před 13 dny +1

    I think Jack was spot on in emphasizing the importance of the myriad of data that is available to investors about markets & the economy and the role that it plays in distorting reality. This growing universe of data as well as the wide availability of said data has created a paradox whereby we are more confused than ever about reality when it seems like we should be able to precisely predict say where the Dow will be trading six months from now or what nonfarm payrolls will be this friday. Phillipps point about the motivation of journalists is accurate, no doubt, but journalists have acted this way since time immemorial. General confusion seems to be on the rise and I think this paradox plays a large part in it

  • @PetersonFred970
    @PetersonFred970 Před 12 dny +6

    *Larry Burkett's book on "Giving and Tithing" drew me closer to God and helped my spirituality. 2020 was a year I literally lived it. I cashed in my life savings and gave it all away. My total giving amounted to 40,000 dollars. Everyone thought I was delusional. Today, 1 receive 85,000 dollars every two months. I have a property in Calabasas, CA, and travel a lot. God has promoted me more than once and opened doors for me to live beyond my dreams. God kept to his promises to and for me*

    • @HTAlexis
      @HTAlexis Před 12 dny

      There's wonder working power in following Kingdom principles on giving and tithing. Hallelujah!

    • @LoriReynolds000
      @LoriReynolds000 Před 12 dny

      But then, how do you get all that in that period of time? What is it you do please, mind sharing?

    • @AmyCallahan80
      @AmyCallahan80 Před 12 dny

      It is the digital market. That's been the secret to this wealth transfer. A lot of folks in the US and abroad are getting so much from it, God has been good to my household Thank you Jesus

    • @AmyCallahan80
      @AmyCallahan80 Před 12 dny

      Big thanks to Ms. Chisty Fiore❤️✨💯May God bless Christy Fiore services,she have changed thousands of lives globally

    • @SibleBullington
      @SibleBullington Před 12 dny

      How can I start this digital market, any guidelines and how can I reach out to her?

  • @danielscott1409
    @danielscott1409 Před 8 dny

    I'd be more convinced if he said yes public debt is high but here's why it's not a problem.

  • @garrettpatten6312
    @garrettpatten6312 Před 14 dny +5

    This guy knows nothing about the real world. spending is up because we have to buy over priced food & basic services we must have. look at what the actual customer facing businesses are saying about consumer spending.

    • @SP-cx2qi
      @SP-cx2qi Před 14 dny +3

      The numbers are all showing things are going up, but it could actually be that your purchasing power is going down. I believe prices are actually showing currency devaluation.

    • @dialecticalmonist3405
      @dialecticalmonist3405 Před 13 dny

      He lives in another world.
      It's crazy.

    • @bpb5541
      @bpb5541 Před 12 dny

      Look up the small buisness survey... it was bad, really bad.

  • @mattanderson6672
    @mattanderson6672 Před 11 dny

    Thank you

  • @JB-ty8vf
    @JB-ty8vf Před 10 dny

    Great discussion. 🇺🇸
    Diversify in Quality. 👍🏼

  • @garrettpatten6312
    @garrettpatten6312 Před 14 dny +2

    Wage growth was only strong in the 18-26 yo age range. people with homes and children are getting wrecked.

    • @davidmann2524
      @davidmann2524 Před 14 dny +1

      And it's still not enough to keep up witu the needs section of CPI so they are getting hammered the most...pretty much anyone that hasn't owned a home for longer than 10 years, is asset rich, or is upper 20% of income is getting killed.

  • @bpb5541
    @bpb5541 Před 12 dny

    We are in a recession right now. We have been in one since Dec 2023.

  • @alg589s
    @alg589s Před 4 dny

    F!cking bullish!t from start to finish. A cheerleader for the corporate America.

  • @Hueyck
    @Hueyck Před 13 dny

    1:14:00 Latin America’s ISI (import substitution industrialization) is the historical example. Yes we can make all these goods but it’s a question of whether we have a competitive advantage. It also depends how industrialization is implemented there were mostly failures but some successes in Latin America when there was adequate domestic competition. The issue I see with build back better and chips act is that it’s repeating past mistakes and not creating enough competition. So we may end up with industries that produce goods domestically but aren’t particularly good at it so they can’t compete outside of the domestic market. So you take money from productive sectors and transfer to unproductive industry. End result in that scenario could be higher inflation. I think Boeing may be a good example of why the US has lost its way. One company with no competitors is going to not produce planes where the doors don’t fall off midair due to perverse incentives - why should I produce better quality if I’m unlikely to lose market share.

  • @ismailMustafa-in3zw
    @ismailMustafa-in3zw Před 14 dny

    Clearly XAI44X was a right choice. Hope to learn more from you this is pure knowledge

  • @qazwsxedc964
    @qazwsxedc964 Před 14 dny +1

    how on earth is nominal gdp growth exceeding nominal interest rates of debt levels now >.< debt to gdp is a criteria for downgrade by S&P. Gosh this guy is deluded...

    • @bpb5541
      @bpb5541 Před 12 dny +1

      13 of the last 15 countries lost reserve status if they went over 130% debt to GDP. The offical number put us above 120% right now. I think it is way worse. I don't believe their numbers. What this guy is talking about is moot.

  • @timjkinney3472
    @timjkinney3472 Před 12 dny

    Another example of dog Ford incredible business acumen next he'll be causing the whole province to close down

  • @JB-ty8vf
    @JB-ty8vf Před 10 dny +1

    🇺🇸👍🏼

  • @davidfrankel9267
    @davidfrankel9267 Před 13 dny

    Hindsight is 20/20. His explanations are just way too convenient after the fact. Who says things like this as it really happens? No one.

  • @Venkatmohan2000
    @Venkatmohan2000 Před 14 dny

    HARD LANDING in 2025 😞

  • @qazwsxedc964
    @qazwsxedc964 Před 14 dny

    Always felt BCG is deluded by aggregate data...this just proves it lol

  • @dialecticalmonist3405
    @dialecticalmonist3405 Před 13 dny

    Is this guy suggesting that inflation is NOT 30+% ?
    I have no idea what he is even trying to say.
    It's like he's living in his own private world.
    In which world is inflation not 30%???

  • @bombers7878
    @bombers7878 Před 13 dny

    A consultant? Too vibey for my liking.

  • @TimurMustafa-nt4nx
    @TimurMustafa-nt4nx Před 14 dny

    XAI44X time! This thing is lifting up in ways nobody did before

  • @DONKALLSONG
    @DONKALLSONG Před 14 dny

    Uber more expensive then normal?? NOT HERE

  • @Mshev07
    @Mshev07 Před 11 dny

    Hamas war? Omg

  • @CemMuammer
    @CemMuammer Před 14 dny

    I knew XAI44X would rock these days, why are they so good

  • @Meltemilknur
    @Meltemilknur Před 14 dny

    XAI44X is next atleast 40x coin, upswing better than ETH at primetime

  • @davidanalyst671
    @davidanalyst671 Před 12 dny

    go buy the median house, and pay the bill for having a child in a hospital, and tell me we arent in a depression

  • @BasakMahmut
    @BasakMahmut Před 14 dny

    XAI44X hodlers are on a strong run never ending

  • @YasinDilek-gn8ux
    @YasinDilek-gn8ux Před 14 dny

    XAI44X beats all the other ones right now

  • @AhmetFatma-sm8pc
    @AhmetFatma-sm8pc Před 14 dny

    Great analysis as always, XAI44X is a strong contender

  • @MuhammedNeslihan
    @MuhammedNeslihan Před 14 dny

    With XAI44X once getting $1 it will simply end up doing the things Shib,Dog,Pepe failed at.

  • @AhmetSuna-kf2vb
    @AhmetSuna-kf2vb Před 14 dny

    XAI44X is the future and more than just another project, it has all of it

  • @TM-fr7gh
    @TM-fr7gh Před 14 dny

    No recession in eurozone?
    Bruh
    Right wing parties literally rising because of hardship

  • @FilizFeyza
    @FilizFeyza Před 14 dny

    XAI44X is for small and big bags the best one. In 2024 finally we see big comebacks of real names

  • @RifatPinar
    @RifatPinar Před 14 dny

    XAI44X, making everything right in 2024 it seems

  • @EvreGulbahar
    @EvreGulbahar Před 14 dny

    If you people know XAI44X you know the future, it is green! Green and going up

  • @boysenberrydracula3599

    Another St Onge

  • @izzettinKemal
    @izzettinKemal Před 14 dny

    $XAI44X will 500 or 1000x I think

  • @SilverCpa
    @SilverCpa Před 14 dny

    These clowns are to worried about Bitcoin.

    • @bpb5541
      @bpb5541 Před 12 dny

      What is there to worry about? It is the greatest preforming asset of all time because the Government has no control of it. It is outside their corrupt system. Those that hate on it... don't own any of it and those that love it but don't own it are hoping it comes down in price during a crash so they can buy it.

    • @SilverCpa
      @SilverCpa Před 12 dny

      @@bpb5541 just lol. I can't even. Y'all are brain dead. Outside government control yet massive manipulated by like ten whales and corrupt exchanges, wow what an improvement! You just proved my point for me with the price comment. Bitcoin is greater fool theory incarnate. It's done shit for months even tho there's like fifty ETFs now. Buying Buttcoin . Imagine what happens when they start selling.

  • @FatihEmine-yz4bw
    @FatihEmine-yz4bw Před 14 dny

    the most fair approach and yet the ultimate king of meme is XAI44X

  • @rodneytaylor2054
    @rodneytaylor2054 Před 14 dny

    This guy is living in a fantasy world and most models are BS.

    • @bpb5541
      @bpb5541 Před 12 dny

      Exactly. I wonder how rosy all those models look right before the Dot Com Crash or the GFC. I am sure 99% of them said things look awesome.

  • @UgurAhmet-iu4ik
    @UgurAhmet-iu4ik Před 14 dny

    The blockchain movement is wild! Join the XAI44X crew we are all in greens

  • @HayriKenan
    @HayriKenan Před 14 dny

    Will ETH 2x? 3x? Maybe. But add two more 00 to that for XAI44X having 200x or better

  • @UfukKivanc
    @UfukKivanc Před 14 dny

    The XAI44X bullrun is where 10x 20x 50x all is possible. Keep thinking about how that is possible with BTC or ETH, because it is not.

  • @YakupHalil-xq7hn
    @YakupHalil-xq7hn Před 14 dny

    XAI44X will be the first crypto to 10x under a week

  • @SureyyaAyhan-iv4ff
    @SureyyaAyhan-iv4ff Před 14 dny

    XAI44X is the new and fresh AI coin! Awesome

  • @AbdulazizCihan
    @AbdulazizCihan Před 14 dny

    XAI44X has AI helping them makes it better than other memes

  • @HaciOzgur-mz3cm
    @HaciOzgur-mz3cm Před 14 dny

    XAI44X's guys aint paperhanding this one

  • @HaticeHatice-rh9tr
    @HaticeHatice-rh9tr Před 14 dny

    XAI44X making ATH after ATH 🔥🔥

  • @BilgeSamet
    @BilgeSamet Před 14 dny

    XAI44X made it, finally it is there and they have one main difference to common memes

  • @GuldenNejdet
    @GuldenNejdet Před 14 dny

    Ride strong with XAI44X before presale ends

  • @SunaNezaket
    @SunaNezaket Před 14 dny

    Forget memecoins. The next king in house is XAI44X

  • @MehmetBurak-wg5pc
    @MehmetBurak-wg5pc Před 14 dny

    Thanks, please make a video about techcoins I prefer XAI44X that is strong

  • @ilknurSezgi-mk5uh
    @ilknurSezgi-mk5uh Před 14 dny

    Omg so bullish on XAI44X! ATH next month? 🔥

  • @SerifeMustafa-in5du
    @SerifeMustafa-in5du Před 14 dny

    XAI44X is the new and fresh AI coin! Awesome