8 hours ago
Why Recessions Aren't What They Used to Be
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In a US economy based on intangibles and the seemingly constant stimulus of government spending, downturns are both less common and more shallow than they used to be. This according to Vincent Deluard, director of global macro strategy at StoneX, who joins this week's Merryn Talks Money to explain his thesis.
If correct, it's one that has implications for the market. If a deep recession in the US isn't likely—and assuming that everyone understands that—it becomes hard to see market corrections being as brutal as they would have been in the past.
