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Fiery response? Biden addresses recession fears

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U.S. President Joe Biden took a shot at a reporter on Monday after being asked about economists who are forecasting a recession

Ticker’s U.S. Correspondent Veronica Dudo filed this report

Beach-strolling President Biden lashed out at a reporter Monday for asking about the possibility of a U.S recession.

Near his vacation home in Rehoboth Beach, Del., “saying a recession is more likely than ever,” Biden relayed to reporter “Not — the majority of them aren’t saying that. Come on, don’t make things up, OK?

“Now you sound like a Republican politician,” the president griped, before realizing how he came off and insisting, “I’m joking. That was a joke.”

“But all kidding aside, no, I don’t think it is [inevitable],” Biden said.

“I was talking to [former Treasury Secretary] Larry Summers this morning and there’s nothing inevitable about a recession.”

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Will Australia’s foreign investment rule create an economic boost?

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Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

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Research key to investment success

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What is the importance of research in the investing and super landscape in Australia?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Peter Green, Director of Research at Lonsec Research. #wyld money

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Why “stagflation” will be the greatest financial threat of 2024

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With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

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