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https://www.barrons.com/articles/economist-profit-squeeze-recession-51657891261?mod=past_editions
Submission: On July 19 via api from CH — Scanned from DE
Submission: On July 19 via api from CH — Scanned from DE
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We've detected you are on Internet Explorer. For the best Barrons.com experience, please update to a modern browser. CHROME SAFARI FIREFOX We've detected you are on Internet Explorer. For the best Barrons.com experience, please update to a modern browser.GoogleFirefox Search News & Quotes Barron's TopicsStock PicksLists & RankingsMagazineDataAdvisorPenta Subscribe Now |Sign In Barrons The Recession Will Begin Soon, Says Top Economist. But the Bounceback Rally Will Be Strong. Next: GM CEO Mary Barra Warns Chip Shortage Will Go Into 2023. She Wants Congress to Help. * * * * Share This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. https://www.barrons.com/articles/economist-profit-squeeze-recession-51657891261 * Markets * Up and Down Wall Street THE RECESSION WILL BEGIN SOON, SAYS TOP ECONOMIST. BUT THE BOUNCEBACK RALLY WILL BE STRONG. * * * * -------------------------------------------------------------------------------- By Randall W. Forsyth Updated July 15, 2022 1:01 pm ET / Original July 15, 2022 9:23 am ET * Order Reprints * Print Article Corporate America is beginning to feel the pain from soaring prices, just as ordinary Americans have for the past year. For the most part, businesses have been able to pass on their higher costs to customers. That’s changing. A squeeze on margins is bringing a profits recession, as companies are forced to tighten their belts, just like the rest of us. So says Nancy Lazar, the longtime top-rated economist who’s one of Barron’s 100 Most Influential Women in Finance NANCY LAZAR Nancy Lazar is chief global economist at Piper Sandler Continue reading and now leads Piper Sandler’s macroeconomics research team. Containing bloated costs means cutting payrolls, she says, and will help lead to a recession starting in the current quarter. That puts the longtime optimist on the economy and financial markets in an unfamiliar bearish crouch. Subscribe or Sign In to continue reading -------------------------------------------------------------------------------- * Autos GM CEO MARY BARRA WARNS CHIP SHORTAGE WILL GO INTO 2023. SHE WANTS CONGRESS TO HELP. * * * * -------------------------------------------------------------------------------- By Al Root Updated July 15, 2022 10:54 am ET / Original July 15, 2022 9:38 am ET * Order Reprints * Print Article General Motors didn’t finish 95,000 cars in the second quarter GM’S WEAK GUIDANCE SHOWS JUST HOW BAD SUPPLY CHAIN HAS GOTTEN GM reaffirmed full-year earnings guidance Friday morning, but the outlook for the second quarter is below Wall Street expectations. Continue reading because of a lack of parts. Supply-chain problems, including a global semiconductor shortage THE AUTO SEMICONDUCTOR SHORTAGE JUST ISN’T GETTING BETTER FAST ENOUGH TE Connectivity beats earnings expectations but guidance for the current quarter looks conservative. Continue reading , have been plaguing the auto industry for what’s approaching years now. The parts shortage will continue, and GM (ticker: GM) CEO Mary Barra GM CEO MARY BARRA IS LEADING IN EVS. JUST NOT AS VOCALLY AS OTHERS. Barron's sat down with GM CEO Mary Barra in Detroit recently to discuss the business, investor perception and, of course, EVs. Continue reading is dealing with it as best she can, but she always wants Congress to help with chip supply. Subscribe or Sign In to continue reading -------------------------------------------------------------------------------- Close THE RECESSION WILL BEGIN SOON, SAYS TOP ECONOMIST. BUT THE BOUNCEBACK RALLY WILL BE STRONG. Corporate America is beginning to feel the pain from soaring prices, just as ordinary Americans have for the past year. From To Message SEND An error has occurred, please try again later. 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