'NERVOUS': Economist sounds the alarm on recession, gov't spending

RBC chief economist Frances Donald analyzes the 'huge divergences' in the U.S. economy on 'Making Money.' #foxbusiness #makingmoney

FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York - the business capital of the world - FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.

[Dantursi]

Tired of the "recession is coming!" threat. Recessive periods come along with equivalent market opportunities if you are well informed and equipped, I've seen folks amass wealth in the midst of economic turmoil and even pull it off easily in favorable conditions. Invariably, the collapse is getting somebody somewhere rich

[RaymondKeen.]

The recession is here, where do investors look at for wealth gains now? mortgage rates still on the rise with higher imports and lower exports, yet the Fed is to lessen cost. Something will eventually break if they keep raising interests and quantitative tightening.

[TimothyChivers-ny]

Putting it a nutshell we are being turned into a third world country

[ArianaFelicia-cwoq]

Have you noticed how the market has been reacting lately? It seems like economic indicators are raising alarms about a possible recession.

[mikeyg]

The most expensive vehicle to operate is a shopping cart at this point

[fancy-onhn]

It honestly feels like we are already in a recession. 😢

[Harl-pic]

My whole family was better under Trump’s administration, we need him back in office to get back better vote vote vote vote in person vote early vote November, vote Trump 2024 get our country back

[mikhailkalashnikov]

Too late, gold and silver already sounded the alarm.

[billmartin]

Food, shelter, and transportation make up a HUGE percentage of lower and middle class incomes. When those prices go up, the lower and middle classes feel it in a big way. For the rich and political class, food prices can double and they never feel it. It makes up way too little of their income.

[Agatha.wayne]

Recessions are an unavoidable part of the economic cycle; all you can do is prepare for them and plan accordingly. I graduated into a slump (2009). My first job after graduating from college was as an aerial acrobat on cruise ships. Today, I work as a VP for a global corporation, own three rental properties, invest in stocks and businesses, run my own company, and have increased my net worth by $500k in the last four years.

[JohannLang-ry]

Our economy is struggling with uncertainties, housing issues, foreclosures, global fluctuations, and the pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

[ShawnWagner-shfi]

Investing in mutual funds offers a structured and diversified approach to building wealth, managed by professional fund managers. While there are costs and some limitations, the benefits of diversification, professional management, and ease of access make mutual funds a popular choice for achieving a variety of financial goals.

[parranoya]

Recession, depression, inflation, amazes me how they can discuss this like it's the weather. Nobody is responsible for it. It just kinda happens. People the elected government have zero control over have complete control of this "cycle". It's not the wind.

[Sam-edm]

The people who are hurting are using credit cards to survive right now. Using these cards results in interest rates of 25% to 30%. Why doesn't anyone talk about this and correct it? It's like borrowing from an 1960's crime family.

[austinbar]

Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2024. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.

[TerranceTalley]

I'm favoured only God knows how much I praise Him, $230k every 4weeks! I now have a big mansion and can now afford anything and also support God’s work and the church.

[matthewg]

Are you kidding me? We’re headed for a major depression after all this crap.

[crb]

The govt doesnt make an economy it can only hinder its efficiency and growth.

[MOstix]

The high income people won’t be doing so well when low and middle income people can’t afford to pay them for their services.

[rickyspeakman]

Glad she spoke! She sound confident and know her stuff!