Peter Schiff, the chief economist at Euro Pacific Capital, told Gerald Celente in an interview published Thursday that Americans need to be prepared for a “dramatic collapse” of the economy. “Interest rates are going substantially higher from here. They’re still much too low,” he said
Deutsche Bank predicts US recession in 2023 due to Fed rate hikes Fed makes hawkish pivot to tame inflation as prices soar https://www.foxbusiness.com/economy/deutsche-bank-us-recession-2023
I am in the industry and we are expecting 6 more rate hikes this year and not surprised if all 6 will be 50 bps increases.
Biden economic adviser: U.S. faces ‘rocky waters’ https://www.nwaonline.com/news/2022/apr/12/biden-economic-adviser-us-faces-rocky-waters/
Democrats usually hail the Obama presidency for having pulled the US out of the 2008 economic crisis, then years later (ironically) the then Vice President at the time implodes everything.
There is a 35% chance of a recession in 2 years: Goldman Sachs https://www.google.com/amp/s/financ...within-24-months-goldman-sachs-101832879.html
I already came to the conclusion that I will not be able to retire until I’m 72 and doubt there will even be such a thing as social security Even then I’m sure I will have to live very frugally. Makes you wonder sometimes exactly what is the benefit in killing yourself to maintain a job. There is no reward anymore for a job well done - just more work. Whine, whine, complain. I know offer it up. It’s getting harder and harder every day to do that when the work keeps piling up and companies can’t afford to hire
For anyone who is interested in politics and the long term deadly loss of freedoms socialism brings. This video is surely a wake up call. IMHO voting for the democrats is an existential threat to life, liberty and the freedom to practice the faith of our ancestors. That before we even think about the loss of production and the consequences of a lack of basics like food and water. These realities are never reflected in the main stream media.
U.S. economy has 40% chance of being in recession next year -BofA Reuters | Jun 17, 2022 02:01PM ET https://m.investing.com/news/econom...-of-being-in-recession-next-year-bofa-2838392
I think separatist movements can gain strength in some states with a possible bankruptcy of the American economy.
