Prospector News Publisher Michael Fox is Joined by the National Investor Chris Temple as we look forward to 2024. (Note we have included charts and images where appropriate) We discuss many economic topics as we try and project what is coming in 2024. Chris believes that the markets went out over their skis when it comes to the Fed’s interest rate policy. Deep Dives into the employment numbers and Inflation numbers send up many warning signals for 2024.

Both Chris and Michael were surprised with the resiliency of the US economy in 2023 and discuss whether the long-predicted recession is coming in 2024. The conversation continues on how the Fed is likely to react if a recession occurs when the target inflation numbers remain high. We discuss concerns that weaknesses in commercial real estate could lead to further banking issues in 2024.

There are lag effects in the higher interest rate policies that could also take the US consumer out of the economy as a greater portion of their earnings will go to food and shelter (and health in the US)

Complicating things further is the upcoming US election and the challenges related to the current choices. Geopolitics particularly war and the threat of war can also be a distraction for domestic fiscal policies.

To follow Chris’s thought on Economics and the World