BlackRock: Prepare For Recession "Unlike Any Other"

[tsptalk]

BlackRock: Prepare For Recession "Unlike Any Other"... And What Worked Before "Won't Work Now"

The world's largest investment manager has gone all in - and says a global recession is right around the corner. What's more, the financial tricks deployed by Central Banks in the past 'won't work this time.'

According to BlackRock, the global economy has entered a phase of elevated volatility, and that a recession is imminent due to central banks aggressively boosting borrowing costs to tame inflation. Their actions, according to a team of BlackRock strategists, will ignite more market turbulence than ever before.

And when things get bad, "Central bankers won't ride to the rescue when growth slows in this new regime, contrary to what investors have come to expect. Equity valuations don't yet reflect the damage ahead."

https://12ft.io/proxy?q=https://www...ke-any-other-oh-and-what-worked-wont-work-now

 

[retread]

I remember back in 2021 Ciavacco (who I follow every week) was saying that as the boomers retire and die off they will be replaced by the millenials and gen Z types who are entering their prime earning (and thus spending) years to keep the economy and markets afloat. Wonder if that's still true?

 

[Bullitt]

Wonder if that's still true?

The deflationary forces of technology continue to displace jobs, especially boring, redundant, repetitious ones, making less need for such a large human workforce.
This is good news for developed countries since they will never be able to replace phasing out of the baby boom generation.

 

[Bullitt]

Another rare, not so frequent recession signal based on rising bond yields.

Bear steepening happens very rarely. When it does, a recession generally soon follows.

https://twitter.com/jessefelder/status/1709934149279313970

Entire article and explanation below.

https://www.bloomberg.com/opinion/a...rsion-gets-dangerous-when-dissed-john-authers