TruStage's Rick: A 'growth recession' has been pushed into late 2024 - podcast episode cover

TruStage's Rick: A 'growth recession' has been pushed into late 2024

Oct 05, 202358 min
--:--
--:--
Download Metacast podcast app
Listen to this episode in Metacast mobile app
Don't just listen to podcasts. Learn from them with transcripts, summaries, and chapters for every episode. Skim, search, and bookmark insights. Learn more

Episode description

Steve Rick, chief economist at TruStage, expects the economy to slow in 2024 -- resulting in "a growth recession" rather than a traditional full-blown economic meltdown -- likely staving off a major stock market decline. Rick says he has heard from more nervous bank and credit union top dogs who are scared about economic conditions than at any time in his 30 plus year career and he worries that a slowdown in lending could be a trigger for something bigger and worse than he currently expects. Also on the show, Tom Lydon, vice chairman, VettaFi make a managed-futures fund his pick for ETF of the Week, Chuck talks the $1.2 billion Powerball jackpot from Wednesday night and why the lump-sum payment was one of the lowest any big-prize distributions in years, plus Brian Drubetsky -- manager of the Cullen Small Cap Value Strategy fund -- talks small- and mid-sized stocks in the Market Call.

For the best experience, listen in Metacast app for iOS or Android