Eric Basmajian on Cyclical Drivers and Trends of the US Economy

The ReSolve Team welcomes Eric Basmajian, founder of EPB Research, and Jeff Weniger, a renowned financial analyst. We delve into the current state of the economy, the potential for a recession, and the role of the banking sector in these dynamics. We also discuss the influence of leading, coincidental and lagging indicators in economic cycles.• Introduction to Eric Basmajian and Jeff Weniger, discussing their backgrounds and influences• Discussion on the potential disparity between equity markets and recession indicators• Exploration of Eric's economic framework and its application to current economic indicators• Insights on the role of bank balance sheets in the economic cycle• Discussion on the impact of the commercial real estate crisis on bank lending• Examination of the contraction in bank credit and its implications for economic growth• Debate on the current state of the economy and the potential for a recession• Discussion on the role of leading, coincidental and lagging indicators in predicting economic cycles• Insights on how different sectors of the economy may experience the impacts of a recession at different times• Discussion on the importance of managing risk in the current economic climateToday’s discussion provides valuable insights into the complexities of the current economic landscape and the potential for a recession. Detailed analysis from Eric Basmajian and Jeff Weniger provides a deeper understanding of the factors influencing the economy and how to navigate these challenging times.This is “ReSolve’s Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management.*ReSolve Global refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global is a registered person with the Cayman Islands Monetary Authority.