Worry About a Recession in 2020, Not 2019, Says NatWest’s McCormick

The video discusses concerns about a potential recession in the US, noting that while the economy is strong, it is late in the cycle. The Federal Reserve's actions are scrutinized, with market expectations for rate cuts posing a risk. The discussion shifts to the limits of monetary policy and the potential for fiscal stimulus, highlighting the US's large budget deficit. The video concludes by comparing the fiscal and monetary capacities of the US and Europe.

What concerns does the Nat West Markets desk have regarding the recession in the United States?

How does the speaker assess the current economic cycle in the United States?

What is the potential risk mentioned regarding the Federal Reserve's actions?

What fiscal measures are being discussed in relation to the U.S. economy?

How does the speaker compare the fiscal and monetary situations in the U.S. and Europe?