Capital Ideas™ 
Investment insights from Capital Group

Categories
Market Volatility
Perspectives on the next recession
Jared Franz
Economist
Joyce Gordon
Equity Portfolio Manager
Darrell Spence
Economist
March 15, 2019

When will the next U.S. recession hit, and what will trigger it? Here to provide answers — as well as insights from past recessions — are economists Darrell Spence and Jared Franz and portfolio manager Joyce Gordon.


Jared Franz is an economist with 18 years of investment industry experience (as of 12/31/2023). He holds a PhD in economics from the University of Illinois at Chicago and a bachelor’s degree in mathematics from Northwestern University.

Joyce Gordon is an equity portfolio manager at Capital Group with 41 years of investment experience as of 12/31/21. She holds an MBA and a bachelor’s in business finance from the University of Southern California.

Darrell R. Spence covers the United States as an economist and has 31 years of investment industry experience (as of 12/31/2023). He holds a bachelor’s degree in economics from Occidental College. He also holds the Chartered Financial Analyst® designation and is a member of the National Association for Business Economics.

Learn more about
Market Volatility
U.S. Equities
Asset Allocation
Risk

Our latest insights

RELATED INSIGHTS

Never miss an insight

The Capital Ideas newsletter delivers weekly insights straight to your inbox.

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.
Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Capital Group or its affiliates. This information is intended to highlight issues and should not be considered advice, an endorsement or a recommendation.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
Use of this website is intended for U.S. residents only. Use of this website and materials is also subject to approval by your home office.
Capital Client Group, Inc.
This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.

Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Capital Group or its affiliates. This information is intended to highlight issues and should not be considered advice, an endorsement or a recommendation.