S&P Global's Gruenwald: 2023 will be a no-growth year
Money Life with Chuck Jaffe · Money Life with Chuck Jaffe
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Show Notes
Paul Gruenwald, chief economist at S and P Global Ratings, sees trouble ahead for the economy early in 2023, as it moves through a recession and adjusts to slowing growth that is likely to be negative early on before picking up in May or June. Even with those gains, he expects the year to be flat on growth overall until 2024. Also on the show, Chris Oberbeck, chairman and chief executive at Saratoga Investment Corp. -- a large business-development company -- talks about the edge that BDCs have given income investors during today's sluggish market conditions and discusses why he thinks that advantage could grow as the market works through a potential recession. Plus, Brent Wilsey, president of Wilsey Asset Management, covers stocks in the Market Call.