Jim Cramer Says You're Good Unless you Work Here

<p>One of the world’s most well-known economists believes the banking crisis is far from over, and that U.S. authorities are merely buying themselves some time by insisting the banking system is “sound.” Nouriel Roubini, chief executive of consulting firm Roubini Macro Associates, argued on Friday that the financial system will be unable to cope with the sheer scale of private and public debt that has already been amassed, spawning a “trilemma” that will soon trigger another phase of panic.</p><p>In this episode of The Higher Standard, Chris and Saied examine this news and determine the effect it will have on the economy as a whole.</p><p><br></p><p>They discuss the news that an inflation gauge that the Federal Reserve follows closely rose slightly less than anticipated in February, providing some hope that interest rate hikes are helping ease price increases.</p><p><br></p><p>Chris and Saied look at comments from asset management giant BlackRock stating that investors are too confident the Federal Reserve will cut interest rates this year and could pay the price later.</p><p><br></p><p>They also offer some thoughts on Jim Cramer's assertion that he’s still searching for the first sign of a recession, even though it’s all anyone seems to be talking about.</p><p><br></p><p>Join Chris and Saied for this fascinating and informative conversation.</p><p><br></p><p>Enjoy!</p><p><br></p><p><strong>What You’ll Learn in this Show:</strong></p><ul><li>Why Moody’s expects home prices to decline about 4% both in 2023 and in 2024.</li><li>The impact of the Federal Reserve’s rate increases on banks.</li><li>Why the Fed is on track to lose 100 billion by the end of the year.</li><li>Why markets are betting that the Fed will start cutting rates by July.</li><li>And so much more...</li></ul><br/><p><br></p><p><strong>Resources:</strong></p><p><a href="https://www.cnbc.com/2023/03/31/fed-inflation-gauge-february-2023-.html" rel="noopener noreferrer" target="_blank">"Key Fed inflation gauge rose 0.3% in February, less than expected