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Regions' McKnight says any recession in '24 will be minor and 'garden-variety'
Money Life with Chuck Jaffe
English - December 06, 2023 14:37 - 58 minutes - 54 MB - ★★★★ - 106 ratingsInvesting Business investing money personalfinance Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Alan McKnight, chief investment officer at Regions Asset Management, sees a series of rolling recession hitting certain sectors and industries in 2024, but does not see a broad-based, classic and deep recession akin to one triggered by the Great Financial Crisis of 2008. He's not alone in suggesting the economy can escape next year without a recession, as Charlie Bobrinskoy, vice chairman at Ariel Investments says in the Market Call that he believes the stock market and economy are strong enough to put off a widespread and meaningful downturn for another year. Plus, the show starts with Jamila Soufrant, discussing her new book "Your Journey to Financial Freedom: A Step-by-Step Guide to Achieving Wealth and Happiness" and she offers some advice for listeners, no matter where they are on their own journey toward financial independence.