Seema Shah Warns a US Recession Is Still Coming
Principal’s chief global strategist says pandemic policies have artificially extended lag times, but that bad times are on the way.
Seema Shah
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If you think the US is heading for a soft landing, you might have another thing coming. That’s according to Seema Shah, the chief global strategist for Principal Asset Management. Despite a stream of data in recent weeks supporting the Federal Reserve’s best-case scenario, Shah argues there’s no way an economy can survive the super-fast shift in interest rates just seen without some relatively unpleasant repercussions.
What would that future look like? Shah joins this week’s Merryn Talks Money to give her view of the landscape.