U.S. Recession Unlikely; Europe, China Are Already in: Oreana CIO

Isaac Poole, global chief investment officer at Oreana Financial Services, explains why he thinks investors should add duration and hold their equity allocations. He also talks about the U.S. economy and Federal Reserve policy, the prospects for Europe, China's growth amid the Covid Zero policy and the nation's stocks. He speaks with Paul Allen and Shery Ahn on "Bloomberg Daybreak: Asia."

[yttean]

this guy has a totally different definition of what a Recession is, technically a recession is 2 quarters of negative growth. So
1 In the US, there had been 2 quarters of negative growth so US is really in a recession. And he said no recession in US, so what he meant is no forthcoming deep recession.
2. In China, there is no quarter of negative growth, and he said China is in recession. So what he meant is a sharp decline in China's GDP.

really you can never trust how they(fund managers) use economic terminologies. what they are interested in is REAL money in the Funds they managed and economic usage is secondary(don't care).

[andrewlee]

Inflation above 3% oil close to $100 an inverted yield curve China Europe alr in one.

US is unlikely?

[johndingle]

We just use words as symbols now. "Soft landing" "peak inflation" "below trend growth" ? That's called transition from stagflation to recession.

[charl]

Recession unlikely. I hope you’re right.

[phil_]

China won't get the level of help they used to now that they've tipped their hand.

[ckmlify]

We are already in a recession, what is he talking about?

[johndingle]

Lol 30% of stocks have global exposure

[RobsMetals]

USA is already in a recession, will be confirmed end of October when 3q gdp numbers show another negative print and unemployment rises. Private business investment already down to negative 6.1. Not sure how the gov is gonna continue to deny a recession by then.

[stephenluo]

Well. China is in recession, with positive gdp growth and US is not in recession with negative gdp growth lmao 😅😂

[johnstibal]

US recession unlikely....yup, just buy, buy, buy, buy, buy....🤡

[oraclegeorge]

I am aware that continuing to invest during periods of volatility can be a smart way to build wealth. I’ve heard testimonies of people accruing over $450k this red period. What measures can i take to ensure this?

[nimaeusman]

😀l am so happy my financial life has totally changed ever since I ventured into stock investment. Ive been earning over $18, 000 dollars every single week.

[AH-fmrj]

Europe is in recession? I am living in Germany, can someone show me the recession this guy is talking about? I don't see it. No negative GDP. Unemplyement is historic low. Abundance of anything you want. Just Dollar/Euro went from 1.06 to 1.01 and they call it a recession 🤣🤣🤣

[salomonquijada]

The US is alreadyin recession as well... with high inflation

Stagflation, just like the late 1970s

Carter 2.0