When it comes to hard landings, Dr. Marci Rossell told the DFA Annual Meeting audience in Kansas City, Mo., that the worst financial landing was in the 80s when the Federal Reserve was aggressively raising interest rates which played a part in engineering a very serious recession. Dr. Rossell, who is a world-renowned economist, a financial expert and a former CNBC Chief Economist, says when you take a historical review, you can better understand that today’s circumstances are quite different than the 80s or even 2008-2009.
“The circumstances today are not the same,” she noted, although she shared that the technology sector of the economy looks similar to 2000-2001.
dairyherd.com
April 3, 2023
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