03-04-20: Opinion: Global Economy Will ‘Stop Just Short’ Of Coronavirus Recession?
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 5 March 2020
⏱️ 46 minutes
🧾️ Download transcript
Summary
Goldman Sachs’ chief economist says more weakness from China, or a pullback in consumer activity, might bring us close to recession.
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| 0:00.0 | This podcast is produced by KPP Financial, Steve Peasley President, |
| 0:10.4 | KPP Financial, Independent Thinking, shared success. |
| 0:15.0 | And now today's podcast. |
| 0:17.0 | Good afternoon everybody and welcome to Invest Talk. It is |
| 0:24.7 | Wednesday March 4, 2020. Another volatile day and I thought that |
| 0:30.6 | novice I said before I don't think it's going to stop I think it's going to be continued for a while |
| 0:36.0 | Volatility for this year just already was already assumed I assumed it because of the election being an election year. |
| 0:43.0 | And of course the coronavirus kind of sped that up a little bit. |
| 0:48.0 | But we're going to live with it. |
| 0:50.0 | You know, the virus has spread to about 63 countries so far and it's going to |
| 0:53.6 | spread it's going to continue to spread I just don't think it's much I don't think |
| 0:57.2 | personally I think it's way overblown way overblown I mean how many more people died? You know another |
| 1:06.1 | you know like four or five people died six people die here in the US. Uh-huh. You |
| 1:10.7 | know many people died last week from the flu? So no one even knows those tests. |
| 1:15.8 | So why? It's just another type of flu to me. That's all it is. And it's not even that bad of one yet, but it's hard to convince people. |
| 1:25.6 | People are the fear is driving them fear. |
| 1:28.8 | And of course you want strategy to deal with that fear and the volatility it produces and I hopefully |
| 1:34.6 | that's what we can do here on Invest Talk. I'm Steve Peasley I hope you can call me |
| 1:38.9 | this hour. It is a call-in show. This is through the Invest Talk Radio Program and the podcast. |
| 1:47.0 | We hope to guide you through be a better investor. That's what it's all about. |
| 1:52.0 | One way Justin and I are able to do this, of course, is we implement a philosophy of independent thinking and share success. |
| 2:00.0 | Okay? So, we want to think independently. |
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