No Recession, But a Growth Slowdown Is Coming, JPM's Kelly Says

The video discusses the anticipated economic slowdown, highlighting that while Q1 GDP growth may appear strong due to trade and inventory factors, sectors like housing and vehicle sales show signs of slowing. The slowdown is not expected to lead to a recession but rather a gradual deceleration. The current business cycle is unique, with low interest rates and no overextended sectors, providing some economic protection. Asset prices have risen due to quantitative easing, benefiting mainly the top 10% of households, which limits broad consumer spending and contributes to the slow pace of economic expansion.

Why is the current economic expansion considered unusual?

What role do asset prices play in the current economic expansion?