Economist David Rosenberg says there is an 85% chance the US economy will enter a recession in 2024. This is the model’s best performance since the 2008 financial crisis.
A recession could be on the way in 2024, and even a slight slowdown could send stocks tumbling as investors bulldoze their way into one of the most expensive markets in more than two decades.
This was announced by Paul Dietrich, chief investment strategist at B. Riley Wealth. U.S. stocks hit new highs again this week after chipmaker Nvidia posted a wildly upbeat earnings report. But the higher the stocks rise, the more likely they are to fall into a potential recession.
The economy will experience a mild recession, but even a moderate slowdown could trigger a stock market crash of up to 40%, sending the S&P 500 down about 3,000 points. Various data indicate that there may be a global economic crisis in the future, so how can ordinary people save themselves from the economic crisis?
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