Economists Daniel LaCalle on Signs of a Possible Recession

A recent Bloomberg survey placed the odds of a recession in 2023 at 70 percent, up 10 percent from the previous October poll.

Elon Musk, the billionaire CEO of Tesla Motors and Twitter, thinks the next recession will be comparable to the global financial crisis of 2008–09.

NTD's Don Ma spoke to Daniel LaCalle about what signs are pointing to a recession, and how severe it might be. LaCalle is the chief economist at hedge fund Tressis, and the and author of “Freedom or Equality,” “Escape from the Central Bank Trap,” and “Life in the Financial Markets.”