Mark Zandi, Chief Economist at Moody’s Analytics, warns that weak hiring and regional economic struggles make the US economy vulnerable to recession despite high stock prices.
0:00 – Intro.
0:43 – 22 States in recession
2:51 – States avoiding recession and propping up the economy
5:28 – Big correction before recession?
6:43 – Government shutdown and market valuations concern
10:50 – AI bubble search trends and correction warnings
13:20 – Disconnect between real economy and stock market
14:33 – Labor market weakness and triggers for what’s next
22:04 – Housing market and mortgage rates
28:34 – AI’s impact on jobs
Credit to : David Lin