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Podcast: Money Life with Chuck Jaffe
Episode: Sierra's St. Aubin: What's uncertain is the depth of the coming recession
Description: James St. Aubin, chief investment officer at the Sierra Mutual Funds, says that while conventional thinking has moved away from a recession being imminent, more difficult conditions for consumers in the fourth quarter will create an economic slowdown that is likely to become a mild recession early in 2024. St. Aubin says stocks might tolerate the downturn well, in part because of the bear market of 2022, and in part because the economic downturn is unlikely to last more than two quarters. Azish Filabi of the American College of Financial Services talks about a survey showing the factors that help consumers de...