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February 13, 2023 | Hard Landing in Motion

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel ( Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog:

The speakers take a few minutes to turn on their cameras in this segment, but they get there, and ECRI’s economic cycle update is always worth a listen. Big picture context is useful in avoiding common financial mistakes.

Lakshman Achuthan is being interviewed by Dale Pinkert during the F.A.C.E. webinar. Lakshman is calling the pullback in inflation ,”The Immaculate Disinflation. He is still expecting a hard landing from late June’s forecast. Here is a direct video link.

Independent economist A. Gary Shilling also writes a monthly Insight letter for subscribers only, but his latest update was summarized in a free article available here.

Shilling expects a 40% drop from the S&P 500′s peak in January 2022, with the bulk of the decline to come in 2023 as an unfolding recession decimates corporate earnings:

“With hope springing eternal, many equity investors continue to believe that a recession, or at least another leg down in the equity bear market, will be avoided. That’s despite the Fed’s continual statements that it is resolved to kill inflation … regardless of the negative consequences for the economy.”

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February 13th, 2023

Posted In: Juggling Dynamite

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