Pete Posted June 21, 2022 Share Posted June 21, 2022 Despite warnings from economists, Biden says a recession is not inevitable Goldman Sachs now expects a 30% chance of the U.S. economy tipping into recession over the next year, up from its previous forecast of 15%. https://finance.yahoo.com/news/us-stocks-wall-street-bounces-143235282.html Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted June 21, 2022 Share Posted June 21, 2022 Make that 75%. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted June 21, 2022 Platinum Contributing Member Share Posted June 21, 2022 (edited) Generally its very difficult for the fed to reign in inflation without causing a recession. Record inflation might mean record reaction from the fed. I don't see any way around a recession as the inflation will shift a focus to more essential goods and services. Some industries will be impacted quickly and decline. This is exactly what the PRC wanted when it had the virus "escape" from a lab. Edited June 21, 2022 by Highmark Quote Link to comment Share on other sites More sharing options...
Pete Posted June 21, 2022 Author Share Posted June 21, 2022 Market up over 500 because he said this? Despite warnings from economists, Biden says a recession is not inevitable yeah ok.. Quote Link to comment Share on other sites More sharing options...
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