This is a special edition of Macrovoises with hedge fund manager Eric Townsend.

The premier financial podcast targeting professional finance, high net worth individuals, family

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Now for this special edition of Macrovoises, here's hedge fund manager Eric Townsend.

Macrovoises All Stars Episode 94 was recorded on February 24, 2020.

I'm Eric Townsend.

Jeff Snyder is back and it wouldn't be Jeff Snyder without the slide deck.

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Jeff Snyder, CIO at Alhambra Investments, it finally seems as if all the talk of a global economic rebound is maybe starting to die down.

We started this year with sentiment pretty solidly optimistic, but that's been derailed.

The question is why?

Now obviously a lot of people, including myself, have their eye on China and the coronavirus pandemic, which I guess the WHO announced today is not a pandemic according to them.

I personally disagree.

And that's what you hear every time some negative piece of news comes out.

Now Jeff, you think it's more important to figure out why these negative signs have reemerged than it is to argue about the probability of a recession.

Some might ask, does the why really make a difference?

I mean, if a recession happens, does it really matter what caused it?

Well, Eric, you know, in past business cycles, you never really cared about what causes a recession.

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