IMF Cuts Growth Forecast as Record Number of U.S. Workers Quit Their Jobs

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 13 October 2021

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

DB-Oct12,2021: Energy prices continue to jump higher, and global supply shortages continue to worsen just as the IMF now cuts their growth forecast to 5.9%, which is 0.1% lower than their July forecast and is rooted in growing inflationary concerns and the potential of tightening monetary policy. Tony Greer of TG Macro joins the Daily Briefing, diving into the energy sector and providing his outlook on oil and natural gas as well as increasing pressures on the economy from inflation to a fledgling recovery in labor markets. Interviewed by Ash Bennington. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3lzM54U Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Welcome to the ReelVision Podcast Network.
0:12.0	Welcome to the ReelVision Daily Briefing.
0:13.7	It's Tuesday, October 12, 2021.
0:16.4	I'm Ash Bennington.
0:18.0	It's TG Tuesday.
0:19.7	Join today once again by Tony Greer of the Morning Navigator.
0:24.4	Let's take a look at markets.
0:25.6	I would say it's flat to down here.
0:28.1	The big loser of the day is Dow Jones industrial average off 0.34 percent.
0:33.9	That closes out at about 34,378.
0:37.3	No major momentum there today in markets on the U.S. equity side.
0:42.4	IMF cuts its growth forecast, cites inflation and uncertainty of potential rate hikes ahead.
0:50.8	The industrial complex, excuse me, the energy complex continues to rise, especially oil.
0:55.5	I know Tony Greer will have a lot more to say on that.
0:58.6	Finally, Federal Reserve Bank of Atlanta president Raphael Bostic saying,
1:04.4	transitory is a dirty word.
1:07.7	Tony Greer, jump in here.
1:10.0	What do you think about that?
1:12.2	You know, really hawkish comments coming out of President Bostic.
1:16.8	Let me just read this to you just to get your reaction on this.
1:20.8	It is becoming increasingly clear that the feature of this episode that is
1:25.4	animated price pressures, mainly the intense and widespread supply chain disruptions will not
	...

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