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Podcast: Money Life with Chuck Jaffe
Episode: Morgan Stanley's Shalett: The economy's next story is an 'earnings recession'
Description: Lisa Shalett, chief investment officer for wealth management at Morgan Stanley says 'Investors may be relying too much on recent trends to extrapolate corporate earnings resilience' at a time when corporate earnings are not impressive compared to years past. Meanwhile, slowing economic growth means 'There's still a lot of room for downside in company earnings estimates if we just revert to the mean, forget about hard landing or soft landing." While Shalett thinks a recession is coming, nearly 70 percent of Americans believe it's already here, according to a recent survey; research analyst Jaime Dunaway-Seale of Clever Real Estate discusses t...