Severe 'Economic Distress'

By Jeffrey P. Snider of Eurodollar University

Chief Investment Strategist • Jul 20, 2023 at 8:31 PM EDT

We aren't supposed to say the R-word but that's what we keep finding in big ways and small.

Person Holding Blue and Clear Ballpoint Pen

Image Source: Pexels

Taiwan Semiconductor reported pretty awful results blaming the global macroeconomic environment, specifically singling out inventory bloat as well as China's failed reopening. The effects aren't being limited to that side of the Pacific; the spillover is already affecting projects in the United States. We aren't supposed to say "recession" yet that's what we keep finding in big ways and small.

Video Length: 00:18:17

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Disclosure:

This material has been distributed for informational purposes only. It is the opinion of the author and should not be considered as investment advice or a recommendation of any particular security, strategy, or investment product. Investments involve risk and you can lose money. Past investing and economic performance is not indicative of future performance. Alhambra Investment Partners, LLC expressly disclaims all liability in respect to actions taken based on all of the information in this writing. If an investor does not understand the risks associated with certain securities, he/she should seek the advice of an independent adviser.

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