Nick Reece, Vice President of Research at Merk Investments, joins Jack Farley to share his outlook on the business cycle. He goes through a checklist of topics to dive deeper into including inflation, unemployment rates, mortgage rates and more.
Are we currently facing a recession? According to data that the Business Cycle Dating Committee uses, Reece seems to not believe so. But that’s not to say that the US will not go through another recession at some point. Reece explains once job reports come out, we can determine economic projections.
Filmed on July 7, 2022.
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(00:00) Introduction
(00:35) Nick's Outlook of the Business Cycle
(11:13) Getting the Federal Reserve In Trouble
(18:18) Expectations on Gas and Inflation
(21:28) Unemployment and Inflation in the Cycle
(28:54) Bit.com Ad
(29:25) Recession on a Global Scale
(32:10) PMIs
(37:35) The Fed's Attempt to Combat Inflation
(45:20) Where Priorities are Placed at the Federal Reserve
(46:15) Projections for the Business Cycle
(49:17) Asset Allocation
(58:15) Looking at the Price to Earnings Ratio
(1:00:45) Looking at Liquidity
(1:04:58) Are We In A Recession?
(1:09:58) Investments Nick Is Excited About
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.