Chapman University Economic Forecast Update 2023

I watched the Chapman Economic Forecast Update for 2023 live on June 22 (you can watch the whole thing free here). Go to their website for free videos and links. They have an excellent track record for being correct.

This time, Dr. Jim Doti believes we are headed for a recession by the third quarter of 2023 or at least what he conservatively calls a “slowdown”. He hates to make dramatic predictions or deliver bad news, but he saw the inflation brewing back in 2021, and I remember him correctly predicting what was to come.

For one thing, the dramatic growth in the money supply at the beginning of the pandemic has been corrected into a sharp contraction of the money supply.

People have been joking about how the recession isn’t happening.

We’ll see who’s laughing in 2024.

The middle segment of the forecast, which I recommend watching, is about investing. Fadel Lawandy cautions that stocks are not a good bet right now, with a likely recession looming.

The third segment is focused on the economy of California. I didn’t finish that part, since I don’t live there anymore.

5 thoughts on “Chapman University Economic Forecast Update 2023

  1. Ernest Harben's avatar Ernest Harben August 9, 2023 / 10:47 am

    I worry more about inflation than anything else in the economy.

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