Wall Street Breakfast April 18: Goldman Sachs Sees 1 in 3 Chance of Recession

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 18 April 2022

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Goldman Sachs economics team says that there is now a 35% chance of a U.S recession over the next two years, with the labor market a particular problem for the Federal Reserve. Heading into the first major earnings reporting season of 2022, companies that fall under the Software as a Service, or SaaS umbrella, are facing a challenging market that is likely to remain volatile for the foreseeable future. Online advertising names - the well-known Internet giants are facing rough macroeconomic seas ahead.

Transcript

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0:00.0	Welcome to Seeking Alpha's Wall Street breakfast, your daily source of market news and analysis.
0:06.5	Subscribe to this podcast on Apple Podcast, Spotify or Stitcher.
0:10.8	Good morning. Today is Monday, April 18th, and I'm your host Julie Morgan. Our top stories
0:16.3	today, a recession, online advertising, and software as a service company's. Goldman Sachs says there is a chance of a recession.
0:25.0	How much of a chance, when would it happen, and what's the culprit?
0:29.0	Which well-known internet giants are facing rough macroeconomic seas.
0:33.9	Where is this prediction coming from?
0:35.7	And what is the reaction?
0:37.2	And software as a service companies
0:39.5	are facing a challenging market.
0:41.4	But for how long?
0:42.4	Let's get into it the economics team over at
0:45.1	Goldman Sachs is saying there is a 35% chance of a recession in the US when over
0:51.0	the next two years and where are they seeing a problem the labor market will be a problem for the federal reserve
0:57.6	Predictions about recession are not new all of this while the Fed is trying to negotiate a soft landing for the economy. This is happening in
1:05.0	the midst of the highest inflation level in four decades. Again, predictions about an upcoming
1:10.2	recession are not new. Deutsche Bank was the first big Wall Street bank
1:14.3	to put it all out on the table, saying about two weeks ago,
1:17.7	April 5th to be exact,
1:19.2	that a recession in late 2023 is now their base case.
1:23.2	Yes, you just heard the word inflation,
1:25.2	but not all economists agree.
	...

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