Expert warns US entering a recession 'unseen like any other'

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Michael Lee Strategy founder Michael Lee tells ‘Varney & Co.' hot August CPI data shows inflation is ‘a lot stickier' than the market expected. #foxbusiness #varney

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25 thoughts on “Expert warns US entering a recession 'unseen like any other'

  1. With inflation currently at about 10%, my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy asap.

  2. My spouse and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows, I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profit.

  3. Other warnings: Highest inequality levels between American low-middle class and the rich and powerful; Millions of American families with no or deficient health care; American youth in debt because they got an education; The shameful state of the country’s infrastructure; More than two million American households without running water; Endless wars and worldwide military engagements that benefit corporations and their shareholders; Millions of working Americans homeless; American infant mortality rate higher than European, and life expectancy lower than peer countries; Thousands of American children and adults killed yearly by gun violence, an inexistent problem in the developed world…

  4. Wrong expert. Institutional investors did not price in the hot inflation numbers That is why the dow fell over 1,200 points. 2023 is going to be a very rough year and the worst has
    Yet to come. We are still in the early stages and I do see this market testing and falling far below the. June low. Bank on it.

  5. im sorry but slow the economy down? movie theaters, car lots, realtors, grocery stores, malls, skating rinks, restaurants etc – any time ive been to these over this past year its extremely slow- i haven't seen someone with a full buggy of groceries in months while ive been at the store – so please stop saying our economy needs to slow down – it has slowed down by alot! its like a slow roll right now – if we slow down any more its gonna be a full stop –

  6. Most economists polled by Reuters said the chance for recession in the coming year is about 45%, and if we do have one, it will be shallow and short-lived. It would be nice if Fox would provide a balance of viewpoints.

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