“We’d anticipate type of double the traditional size of a recession as a result of the Fed’s not going to be at your again for a very long time, and that’s a giant deal,” Jensen informed Bloomberg on Friday.
fortune.com/2022/12/16/how-bad-recession-double-normal-length-china-bridgewater-associates-cio/amp/
The Bridgewater co-CIO stated that the “excellent news” is that there’s far much less leverage within the monetary system in contrast with the interval earlier than the Nice Recession of 2008, which he believes will stop a “cascading impact” in markets that causes a deep recession.
“As an alternative, you may have this lengthy grind that’s most likely a pair years,” he stated.
US client bank card debt is at an all time excessive
www.cnbc.com/choose/us-credit-card-debt-hits-all-time-high/
About 270,000 homebuyers who purchased through the red-hot housing market this yr already owe greater than their home is price, per YahooFinance.
— unusual_whales (@unusual_whales) December 17, 2022
BlackRock, $BLK, has stated to prepare for a recession not like another.
— unusual_whales (@unusual_whales) December 17, 2022
Deep Recession Forward, as Central Bankers Empty the Punch Bowl
2022 vs 2008
Musk Sounds a Dire Warning Concerning the Financial system
Elon Musk is nervous in regards to the economic system.
For a number of months now, the richest man on the earth has continued to sound the alarm, warning that the economic system dangers a deep recession if the central financial institution’s financial coverage stays on target.
Whereas the Federal Reserve is holding its final financial assembly of the yr within the coming days, the serial entrepreneur has simply made a brand new prediction. And like his previous predictions, this one may be very alarming.
The Federal Reserve has raised rates of interest sharply in latest months, taking the benchmark price from nearly zero through the pandemic to a variety between 3.75% and 4%, in an effort to fight inflation, which is at its highest in 40 years. However many economists say that this aggressive financial coverage will plunge the economic system right into a recession.
www.msn.com/en-us/cash/markets/elon-musk-sounds-a-dire-warning-about-the-economy/ar-AA158QxK
