Financial analyst Gary Shilling warns that the U.S. economy could still be on track for a “delayed” recession despite the current strength in employment, in an interview with CNBC’s “The Bottom Line.” He discusses various factors that could impact the economy moving forward, including key indicators, artificial intelligence, globalization and the upcoming Presidential Election.
Shilling highlights that there has been more strength in employment than expected given the state of business, which could be a warning sign of potential risks for a recession. He also touches on investor sentiment, the labor market outlook and how it relates to the Presidential Election.
The discussion also explores the future of globalization and its potential impact on the economy, as well as the disruptions that could come from artificial intelligence. Shilling provides insights on investment strategy and weighs in on ongoing wars versus global business dynamics.
Andrea Miller was responsible for scripting and editing the episode, while Charlotte Morabito and Jordan Smith handled production and camera work. Lindsey Jacobson served as supervising producer, with additional footage provided by Getty Images. The episode aired on Tue, 09 Apr 2024 at 16:00:24 GMT.
