{"id":2021356,"date":"2023-09-04T11:56:01","date_gmt":"2023-09-04T15:56:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wall-street-veteran-recession-is-inevitable-us-economic-decline-will-begin-in-2024\/"},"modified":"2023-09-04T11:57:38","modified_gmt":"2023-09-04T15:57:38","slug":"wall-street-veteran-recession-is-inevitable-us-economic-decline-will-begin-in-2024","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wall-street-veteran-recession-is-inevitable-us-economic-decline-will-begin-in-2024\/","title":{"rendered":"Wall Street expert predicts recession, US decline by 2024."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fwall-street-veteran-recession-is-inevitable-us-economic-decline-will-begin-in-2024%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2021356&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Wall Street Veteran: Recession is Inevitable, US Economic Decline Will Begin in \u20632024<\/h2>\n<p>Jeremy Grantham, the co-founder of investment firm Grantham Mayo \u2062Van Otterloo, has been a prominent figure in the\u200c world \u2063of Wall\u2063 Street \u2064for many years.\u200d With his\u2063 extensive experience\u200c and expertise in\u2064 the\u200d economy, he\u200d is someone worth listening to.<\/p>\n<p>In a recent\u200d interview with\u2062 Bloomberg, Grantham boldly stated that despite the optimism of some so-called\u200b &#8220;experts,&#8221; an upcoming American economic recession is unavoidable. This contradicts the beliefs of economists and Federal Reserve staff members who believe that a recession can be avoided.<\/p>\n<p>Grantham explained why he disagrees with these experts,\u200b particularly those from the \u2063Federal Reserve. He criticized the Reserve&#8217;s\u200b track record,\u200d stating, &#8220;The \u2063Fed&#8217;s record on \u2064these \u200bthings is wonderful. \u2062It&#8217;s\u2064 almost guaranteed to be wrong. \u2063They have never called a recession, \u2062and particularly not the\u2063 ones following the great bubbles.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Wall Street veteran Jeremy Grantham says \u200dthe Federal Reserve is dead wrong when \u2063it says \u200da recession\u2062 can be avoided.<\/p>\n<p>&#8220;We will have\u200d a recession running,\u200b perhaps, deep \u200dinto next \u2062year.&#8221; <a href=\"https:\/\/t.co\/WqTGnSltBu\">pic.twitter.com\/WqTGnSltBu<\/a><\/p>\n<p>\u2014 Michael \u2063Austin (@mikeswriting) <a href=\"https:\/\/twitter.com\/mikeswriting\/status\/1698469475190763558?\">September\u200d 3, 2023<\/a><\/p>\n<\/blockquote>\n<p>Grantham&#8217;s predictions \u2063have been accurate in\u200d the\u200c past, including foreseeing \u200bthe economic downturns of 2000 and 2008. He believes that the\u200d current situation in the United States \u200bwill \u2063lead to\u200b a recession \u2062that could last \u2062well into the next year, accompanied by a decline in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/meme-lords-just-figured-out-how-to-take-back-the-billions-wall-street-made-profiting-off-lockdowns-the-washington-standard\/\" title=\"Meme Lords Just Figured Out How To Take Back The Billions Wall Street Made Profiting Off Lockdowns\">stock prices<\/a>.<\/p>\n<p>Grantham has also expressed his views on inflation and \u200c<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/brent-oil-hovers-over-80-as-inflation-worries-ease\/\" title=\"Brent oil stays above  as inflation concerns ease.\">interest\u200c rates<\/a>. He suspects \u2064that inflation will never be as \u200blow as\u2062 it has been in \u200bthe past decade and that we are \u200centering a period \u200dof moderately higher inflation \u2064and \u200d<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/5-reasons-making-taxpayers-pay-off-student-loans-is-a-rotten-idea\/\" title=\"5 Reasons Making Taxpayers Pay Off Student Loans Is A Rotten Idea\">interest rates<\/a>. He emphasizes\u2062 the simple relationship between rates\u200c and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/5-financial-bubbles-that-made-gamestop-look-like-nothing\/\" title=\"5 Financial \u2018Bubbles\u2019 That Made Gamestop Look Like Nothing\">asset prices<\/a>, stating, &#8220;Low rates push up asset prices.\u2062 Higher rates\u2064 push asset prices down.&#8221; He\u200b believes \u2062that we are now entering an era of\u2063 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wall-street-veteran-recession-is-inevitable-us-economic-decline-will-begin-in-2024\/\" title=\"Wall Street expert predicts recession, US decline by 2024.\">higher rates compared<\/a> to the last 10 years.<\/p>\n<p>It is \u200cclear that Grantham&#8217;s insights and predictions carry weight in the financial \u200cworld. As we approach 2024, it will be interesting to\u200d see if his forecast \u2062of an inevitable recession and economic decline comes to fruition.<\/p>\n<p>The post \u200c <a rel=\"nofollow\" href=\"https:\/\/www.westernjournal.com\/wall-street-veteran-recession-inevitable-us-economic-decline-will-begin-2024\/\">Wall Street Veteran: Recession is Inevitable, US\u200c Economic Decline\u200d Will Begin in 2024<\/a> \u2064 appeared first on\u200c <a rel=\"nofollow\" href=\"https:\/\/www.westernjournal.com\">The Western Journal<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jeremy Grantham, co-founder of investment firm Grantham Mayo Van Otterloo, possesses extensive Wall Street experience. With his profound understanding of the economy, Grantham confidently predicts an imminent American economic recession, disregarding opposing views from so-called &#8220;experts.&#8221;<\/p>\n","protected":false},"author":2093,"featured_media":2021357,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[548],"tags":[],"class_list":["post-2021356","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-conservative-news-daily"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2021356","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2093"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2021356"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2021356\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2021357"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2021356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2021356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2021356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}