Apr 9, 2025
Joseph Brusuelas, chief economist at RSM, says that unless an off-ramp to current government policies can be found, he expects a recession that is starting now and likely to last nine months. He has raised his likelihood of recession to 55 percent, but said you can see already a pullback in orders, which in turn will lead to a price shock, and then pullbacks in spending and ultimately labor that will complete the slowdown process. Brusuelas expects a 1 to 1.5 percent spike in inflation in the next two to three months, which would push inflation above 4 percent, yet he does not foresee the Federal Reserve acting quickly to mitigate the downturn. "They're going to be a bit late," Brusuelas says, in forecasting the first rate cuts no sooner than June. Also on the show, Roger Conrad, editor of Conrad’s Utility Investor and The REIT Sheet talks dividend investing and how it is being impacted by the market moving away from all-time highs and staring down bear-market conditions.