The World in 2024: Recession or Soft Landing? | David Woo

The Wall Street consensus at the start of the year that a US recession was a foregone conclusion could not have been more wrong. Over the past month, big US banks threw in the towel on their recession calls. They are now calling for a soft landing. Will they be proved right this time? What is the latest purchasing manager index tell us about what really is going on with the global economy? Which countries are benefiting from trade diversion and friend shoring? Why is the Ukraine war accelerating Germany deindustrialization? Why has Brexit fail to revive British manufacturing? Why is Italy pulling out the Belt and Road Initiative? What can bring on a US and global recession in 2024? What could drive up oil price even higher and take down the Nasdaq 100 bubble? Can the Federal Reserve come to rescue and achieve a soft landing of the US economy? What does the latest US inflation report tell us about what is going on with US core inflation? David Woo, a former top-ranked Wall Street global macro strategist, tells it as it is. You may not agree with everything he says but he will make you reassess everything you thought you knew.

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