Risks of a Recession Are Overblown Says Manulife's Greene

The video discusses various economic risks, focusing on the potential for a US recession in 2019. It argues that market fears are exaggerated, as US macroeconomic fundamentals remain strong. However, risks such as a flat yield curve, potential trade war escalation, and non-financial corporate debt are highlighted. The Federal Reserve's role in past recessions is noted, with a cautionary view on its future actions. The video concludes that while a recession may occur, it is unlikely to be as severe as the last one.

What is the speaker's view on non-financial corporate debt and its implications for the economy?

Describe the potential characteristics of the next recession as outlined by the speaker.