https://www.theguardian.com/business/2022/sep/23/unprecedented-events-creating-extremely-severe-risk-of-global-recession-economist-adam-tooze
https://www.cnbc.com/2022/09/22/palantir-ceo-alex-karp-says-tidal-wave-of-macroeconomic-risks-will-wipe-out-some-companies.html
https://www.highereducationinquirer.org/2020/05/lets-all-pretend-we-couldnt-see-it.html
Pending global recession. It’ll take at LEAST a year to bounce back some.
The bill is always due no matter who throws the party. 3 trillion $ was spent on COVID assistance in addition the decision to NOT raise interest rate. You can pay for the fallout now or later. We chose later. Well, this is what later looks like.
The FED could have raised interest rates .25 to .5 percent, two times, things would be a little bad but not as bad as it is now. Now….. .75 raise in interest what? 3 times now? 4? I lost count but there is still talk of about another .75 two to three more times before the end of the year.
Raising interest slows spending. No spending, then no movements of products. No movement of products, no growth of companies. No growth in companies, the money belt tightens. Companies don’t save money by counting paper clips or pencils, they do so by laying off.
Traditionally, banks do well during a recession but we will see.
Travel restrictions are taking heed here now. Only senior executives are allowed to travel now. Something is brewing.