Next Recession Will Be Based on U.S. Corporates, Says Legal & General’s Roe

The video discusses the US economic outlook, focusing on recession probabilities, market reactions, and the impact of trade. It highlights the strength of the consumer economy versus stagnant corporate profits and examines Fed rate cut expectations. The discussion also covers the role of corporate spreads and yield curve inversion in predicting recessions, noting that traditional indicators may not apply due to current economic conditions.

What is the significance of the revisions in August to historical US data?

How might the current economic conditions affect traditional indicators of recession?