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Podcast: Money Life with Chuck Jaffe
Episode: MFS' Weisman: The sooner the recession comes, the better
Description: Erik Weisman, chief economist at MFS Investments, says the macro environment is headed lower and weaker and will take the stock market with it, and while he does not expect this to lead to "a horrible outcome," but with the Federal Reserve likely to raise interest rates above ts comfort level in order to combat inflation, he has little doubt that a recession is coming. Weisman expects current challenges to last into 2023, but he is hopeful that the recession will come quickly to help it pass; he notes that if the recession doesn't happen until later in 2023, "it will b...