US May Already Be in Recession, Guggenheim's Minerd Says

Guggenheim CIO Scott Minerd says the Federal Reserve is maneuvering through a "very, very tough" economic situation. He speaks on Bloomberg Television after the decision by the Fed's policy-setting Federal Open Market Committee to raise rates by 75 basis points, the biggest increase since 1994.

[henrik]

It's insane how people are surprised by this, the signs were all over for YEARS

[truepersona]

😂😂😂 Still living in the hyped up FIAT economy.What you need to focus on is how the US Fed going to do Quantitative Tightening on NINE TRILLION USD !!!
It's easy to print but down sizing is a whole different story.

[Noneyeah-pz]

May already be? Do you guys do grocery shopping? Do you you guys refuel your cars? Look and read your receipt!

[seanregehr]

When they discuss "solution" they really mean to say the way out for their pit lords to make off without persona losses financially speaking, or at the very least greatly minimized by the general public to soften their blow.

[netstarr]

The only thing that these corrupt fedsters are going to do is drive crime thru the roof.

[rabbitbobo]

Greenspan era has "globalization" to play with, laymens term, just got a huge creditcard with susbtatial credit on it. This era/period is when the monthly statement comes in, meaning US will have to pay for the past credit.

[phreakyp]

“We’re in an entirely different weltan.”

[TheTacticalHouse]

This is going to turn into a depression in my opinion. Fed will back off and hyperinflation here we come.

[abijitpal]

Yes, yes, yes my analysis is right,
U.S federal Reserve record high.

[jordanimatedstreaming]

time for record profits from CEO's

[theBigEastBand]

What recession? Where are the job losses? Talking heads just give silly opinions. Show us facts.

[mattwarrilow]

You can’t crush inflation with interest rates. We need a “financial lockdown” to ration the available commodities that we can get our hands on unless a peace treaty with Russia can be agreed to unlock supply imho

[kdpowers]

Um....wow. Some of the 1 percent do have an alternate reality. MAY BE??? LOL

[matthewconaway]

These guys are selling negativity. Need to watch what they eat too.

[titusp]

minder thinks its time to buy long dated treasures .... wow :) Long duration ..hahahha ...bonds are cheap facing rising rates ? hmmm?

[jesuschrist]

United States have passed the infrastructure bill which spans years into the future. There will be no recession as people will be needed to build the gov't infrastructure and jobs will be created. There is a labor shortage now and it'll just get worse. We are in a bear market because stocks market participant's exuberance created a bubble. It's just going to be a mean reversion. BTW Stagflation is inflation coupled with HIGH unemployment rate. What we're seeing is inflation with LOW unemployment rate.

[thirdplace]

This can't be! Jerome Powell said there are no signs of an economic slowdown, that means Q1 GDP wasn't negative! 😂😂🤡

[GTSCoupe]

Housing prices about to drop! CHA CHING!!!