“Strap Yourselves In, It’s Going to Be a Bumpy Night”
What’s going on with this economy and how is it going to impact your business, your industry, your investments, and your personal pocketbook?
Providing insights that help people navigate the uncertainty is RON INSANA’s specialty. He dispenses advice and insights on CNBC, other media outlets, and through his speeches to audiences across the country. Ron brings clarity to the often chaotic economic landscape, providing valuable guidance to those who need it.
As a pioneering financial broadcast journalist, Ron Insana has over four decades of experience covering the markets and the economy. He’s seen it all, from the banking crash in 1986 to the dot-com bubble burst to the Great Recession of 2008 and the pandemic-induced economic meltdown. With his deep knowledge and sharp insights, Ron can provide the kind of perspective that business leaders need to make informed decisions in uncertain times.
What to Expect for the Rest of 2023
Looking ahead to the remainder of 2023, there are plenty of reasons to be concerned. The Federal Reserve is worried about inflation, financial markets are worried about recession, and consumers are worried about the safety of their bank deposits. These issues could combine to create another perfect storm of financial market panic, banking failures, and recession.
The Challenges Ahead: Inflation, Banking, and Real Estate
We asked Ron to give us his thoughts on the current state of things and here is what he had to say:
“Everyone is right to be worried as there is virtually no visibility into the longer-term arc of the economy and markets.
Deteriorating trade relations between the U.S. and China, geo-political problems with Russia, Iran and North Korea all add to rising risk premia for markets and economies while deglobalization and increasing militarization create the types of uncertainties not seen in a couple generations. For that reason, it is becoming increasingly difficult to make long-term predictions about where we go from here.
The Fed is hitting the brakes hard to fight inflation while breaking some banks in the process. This, as banks also face a looming crisis in commercial real estate, of which small and regional banks hold $270 billion in loans that are likely to deteriorate in value as post-pandemic vacancies rise.
The economy appears resilient for now, but how much longer can the consumer hold out with houses less affordable than they were in 2007, auto-mobile financing pushing the average monthly car payment above $1,000 even as other measures of inflation have declined?”
The Pivotal Question: Will the Fed Engineer a Recession?
Ron continues and explains that “the real question … the pivotal question for the economy, the markets and for consumers remains, “Is the Fed willing to engineer a recession to put a nail in inflation’s coffin?”
If the answer is yes, and I believe it is, then it’s time to strap yourselves in … it’s going to be a bumpy night!”
Opportunities in the Longer-Term
Ron’s been a trusted voice in financial journalism for decades and he’s known for his calm and measured approach to even the most chaotic of market situations.
He continues to say, “But even bumpy nights lead to a calmer dawn. There will be opportunities created in the longer-term, as has always been the case in economic history. There will be a few false dawns along the way. And while we may just have to wait a little longer than hoped to see that morning light, it will come. Our only remaining question is when.”
Business leaders and financial professionals look to Ron Insana for his analysis of the most pressing economic and financial markets issues of the day. Ron is a pioneer in television financial news reporting. He is currently senior analyst and commentator at CNBC and also hosts The Market Score Board Report, a daily nationally syndicated radio program. Ron is cofounder and CEO of Contrast Capital Partners, a firm catering to the needs of the investment advisor community. He is also founder and CEO of The Insana Entertainment Group, a film and TV production company. Ron is author of four books on investing and reading the financial markets. In his speeches, Ron offers valuable insights on the intersection of Wall Street, Main Street, and Washington. He translates market signals and political maneuvers into actionable information his audience can use to navigate change, protect what they have, and spot fresh opportunities.ovation.
Derek Sweeney is the Director of Speaker Ideas at The Sweeney Agency. www.thesweeneyagency.com. For 15 years Derek has been helping clients find the right Speakers for their events. Derek can be reached at 1-866-727-7555 or [email protected]