The 35% Recession Warning Markets Are Ignoring — ft. Ed Yardeni

Key Takeaways

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  Recession risks are creeping up - Yardeni recently raised his recession probability to 35%, suggesting that markets might be too complacent about underlying economic shifts.

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  Private credit remains a hidden vulnerability - The explosion in private lending may pose systemic risks that haven't been fully tested by a high-rate environment.

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  Bond markets are signaling structural change - Current fluctuations in the bond market reflect a fundamental rethinking of America's long-term fiscal health and interest rate trajectory.

Episode Description

Ed Elson and Scott Galloway are joined by Ed Yardeni to discuss why he recently raised the odds of a recession this year. He also weighs in on the risks in private credit, what he thinks could fundamentally change America, and what’s really going on in the bond market right now. Ed Yardeni is the President of Yardeni Research, a provider of global investment strategies and asset-allocation analysis.  Check out our latest Prof G Markets newsletter Follow Prof G Markets on Instagram Follow Ed on Instagram, X and Substack Follow Scott on Instagram Send us your questions or comments by emailing Markets@profgmedia.com Learn more about your ad choices. Visit podcastchoices.com/adchoices