8/13/2022 3 Big Reason Why a 2022 Recession Would Be Like No Other

On today's show, Victor discusses three reasons why a recession would be different this year:•    The labor market is robust. In most recessions, economic output and employment both go down. But unemployment is still at a record low, which means corporate financial health is strong.•    Companies are cash-rich. US corporations are sustaining profits and sitting on a large cash hoard going into this recession, which helps them retain staff during a difficult time.•    The Federal Reserve has been aggressively raising rates to curb inflation. In most recessions, interest rates are cut, but that’s not been the Fed’s approach in 2022. For more information about Victor McClure, Steve Ringo and the McClure Capital team, visit https://mcclurecapital.com/