(100 Percent Fed Up) Billionaires like Elon Musk, Bill Gates, and Jamie Dimon, to name a few, are predicting an imminent recession in the United States before the end of next year. Wall Street is also increasingly confident that a recession will hit the U.S. soon. For example, Morgan Stanley chief James Gorman revised his expectations of a looming economic contraction and joined in on the recession warnings while speaking at a Morgan Stanley investors panel.
Economic Recession
With Recession Now Guaranteed, The “One-Term” White House Begins To Panic
(Zero Hedge) Listening to Powell speak during the press conference, one would think that when it comes to the economy, it’s blue skies as far as the eye can see
The Inevitable Recession
(Philip Marey) The negative supply shocks related to COVID and the Russian invasion of Ukraine are causing headwinds for the US economy, which contracted in the first quarter of this year. However, as consumption and investment remain robust, the US is likely to avoid a recession this year.
Ex-Goldman Sachs CEO Warns Americans to Prepare for Economic Recession
(Jack Phillips) Former Goldman Sachs CEO Lloyd Blankfein said that people should be prepared for an economic recession amid elevated inflation and record-high gas prices.