Is the Economy Broken or is Recession Coming on THE BIG SHIFT with Jim Paymar

Today, we’re discussing our volatile economy with a long-time expert in that field, Dr. Nicholas Sargen, the author of several books including “Global Shocks: An Investment Guide for Turbulent Markets.” The global economy has suffered through a series of global shocks – the coronavirus pandemic, which is still with us, the energy shock related to Russia’s invasion of Ukraine shutting down gas supplies to Europe and of course the biggest threat of all climate change wreaking havoc around the world. On top of that inflation has soared to the highest level in 4 decades, forcing the Fed to raise rates aggressively…. five hikes in 2022. Economists believe the chance of a recession next year are 50:50. What might we see going forward?