The Upcoming BIG Economic Shift | Global Macro 56

Frances Donald, Chief Economist and Strategist at Manulife Investment Management, joins Alan Dunne to discuss how the drivers of the economy and inflation are undergoing a structural shift and what this means for the economic outlook. We hear why Frances expects a recession in the US economy in 2024 and why the risks to her forecasts are on the downside. Frances outlines where she currently sees tactical opportunities in fixed income markets and why she expects equity markets to face headwinds as investors start to see “bad news as bad news” this year. The conversations delves into the big shift underway in the global economy, becoming more supply driven than demand driven and the implications this will have for inflation, monetary policy and fiscal policy over the medium term.
#toptraders #investing #trendfollowing
Episode Summary
02:39 - Introduction to Frances Donald
06:39 - What caused a pivot from the central banks?
13:10 - Why were they wrong about their forecast?
20:43 - Where are the weak spots?
23:58 - Does recession calls even matter?
27:34 - Frances' outlook for the economy
39:21 - Are we heading into a structural shift?
51:04 - Will things change in the next administration?
53:33 - Are fixed income markets becoming more investable?
59:35 - Advice for the other investors
01:01:15 - Thanks for listening
Full episode can be found here:
toptradsersunplugged.com/gm56
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[@modelmark]

Central banks do not control a bug infestation in orange crops in Florida.... yet inflation is always a monetary phenomena. Without money or credit expansion, you cant have the price of 1 thing going up without something else going down.

[@TheEarlVix]

A quality show with great guests. Thank you.

[@TopTradersUnplugged]

Glad you enjoyed it!

[@mmm-cake]

👏👏

[@modelmark]

These expanding governments are indeed a problem. More and more of your needs are handled by the coercive sector making people less happy as they are forced out of their most desirable options.

[@pavelc5820]

Correct. Goverment is a root of many problems.