CNBC's Jim Cramer has been warning for weeks about a manmade slowdown in the U.S. economy. Fueled by the pressures of the Fed’s interest rate hikes and the Trump tariffs, many high-profile CEOs are worried that a dramatic slowdown could spell even bigger problems for the U.S. economy.
Why CEOs Are Worried About the Economy Right Now- Video Transcription
Patrick Brunson: 00:00
So, many company leaders across different industries are telling Jim Cramer of CNBC, off the record of course, that they're worried about a slow down in the U.S economy. So many CEO's have discussed with him about how quickly things have cooled within the economy as well as the markets. Many of them are actually baffled that we could find ourselves in this late cycle dilemma that wasn't supposed to occur so soon. So, Kramer has been warning investors for weeks now about a man made slow down in the U.S. Economy, fueled by two pronged pressures of the federal reserve's interest rate hikes and the Trump administration's tariffs. Now, high profile CEO's are worried about growth slowing so drastically that it could actually hurt the economy. There are degrees of slowdowns that nonetheless can cause an awful lot of havoc and cost a lot of jobs and that's what we're on the verge of here.
Patrick Brunson: 00:58
The key thing that we all have to remember as consumers or those that have money still in equities is this. You're never going to get a phone call from your broker or your banker to warn you about a major meltdown coming within stocks and a recession in the economy. It's never going to happen. So it's up to us to recognize the warning signs and take the appropriate actions to protect our portfolios from these types of swings in the market as well as when this country goes into recession. With that said, if you'd like to get more information regarding the topic, you can call the number on your screen or click on the link below to receive your digital copy of U.S. Money Reserve's latest report, ‘the next recession, here's what it could look like‘. It has imperative information for you to understand and take the actions needed before things really start to turn going into 2019. I'm Patrick Brunson and thank you for watching U.S. Money Reserve's Market Insights.
