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The US economy will grind to a halt in the 2nd half of 2023 and the following year won't be much better, BofA says as it slashes its growth forecast
Business Insider ^
| 6/20/22
| Brian Evans
Posted on 06/23/2022 4:23:18 AM PDT by EBH
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To: EEGator
Considering everything occurring, I expect long and deep. I tend to agree with you on that as well. The causes of inflation are unlike those we've faced in the past so historical methods of combating it, interest rate increases, may not be effective. One tool used to combat past recessions is to decrease employment, but we're in an abnormally tight job market currently. In many ways the Fed is winging it so add in a learning curve and a longer recession makes sense. Depth remains to be seen but I would think it would be deep rather than shallow.
To: DoodleDawg
I hope we’re both wrong, but I don’t think we are.
42
posted on
06/23/2022 6:32:46 AM PDT
by
EEGator
To: EEGator
I hope we’re both wrong, but I don’t think we are. Time will tell but like you I'm not optimistic.
To: EBH
I think it will be sooner then that
44
posted on
06/23/2022 6:42:25 AM PDT
by
reed13k
(For evil to triumph it is only necessary that good men do nothing)
To: EBH
They’re a year off. We are in recession now.
45
posted on
06/23/2022 6:50:10 AM PDT
by
fuente
(Liberty resides in three boxes: the ballot box, the jury box and the cartridge box--Fredrick Douglas)
To: fuente
We are in recession now. They aren't going to admit it until the Republicans take the house and senate so that they'll be able to blame them.
46
posted on
06/23/2022 7:03:54 AM PDT
by
Sirius Lee
(They intend to murder us. Prep if you want to live and live like you are prepping for eternal life)
To: EBH
They will be late by 1/2 year or more.
Politically made, politically manipulated.
However, I think they shot themselves in the foot.
47
posted on
06/23/2022 8:35:00 AM PDT
by
Sequoyah101
(Politicians are only marginally good at one thing, being politicians. Otherwise they are fools.)
To: Jumper
#29 The FED has stated another rate increase in July.
It may be .50 but could be .75 now like the June rate increase.
With elections coming I do not think the democrats want another.
48
posted on
06/23/2022 3:32:31 PM PDT
by
minnesota_bound
(Need more money to buy everything now)
To: EEGator
49
posted on
06/23/2022 3:47:52 PM PDT
by
NetAddicted
(Just looking)
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