Daybreak Europe Show Open: Consumers, Investors Deviate

The video discusses the potential for a bond market crisis, highlighting a disconnect between the Federal Reserve and investors regarding inflation. While some, like Morgan Stanley, express concern, others, like Jamie Dimon, see strong consumer spending as a positive sign. The video also examines the drop in consumer confidence and its historical link to recessions, suggesting that a recession may already be underway.

What does the divergence in consumer confidence indicate?

According to Danny Blanchflower, when does consumer confidence typically drop before a recession?