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Podcast: Money Life with Chuck Jaffe
Episode: TruStage's Rick: A 'growth recession' has been pushed into late 2024
Description: Steve Rick, chief economist at TruStage, expects the economy to slow in 2024 -- resulting in "a growth recession" rather than a traditional full-blown economic meltdown -- likely staving off a major stock market decline. Rick says he has heard from more nervous bank and credit union top dogs who are scared about economic conditions than at any time in his 30 plus year career and he worries that a slowdown in lending could be a trigger for something bigger and worse than he currently expects. Also on the show, Tom Lydon, vice chairman, VettaFi make a managed-futures fund his pick...