Posted on 11/14/2022 9:17:06 AM PST by EBH
Jeff Bezos has warned a US recession is looming, and advised consumers and businesses to stockpile cash in case there's a devastating downturn.
"The economy does not look great right now," Amazon's billionaire founder and executive chairman told CNN on Saturday.
"Things are slowing down, you're seeing layoffs in many, many sectors of the economy," he continued. "The probabilities say if we're not in a recession right now, we're likely to be in one very soon."
Bezos recommended American households delay big-ticket purchases such as new TVs, refrigerators, and cars, given the risk that economic conditions worsen. Similarly, he suggested small-business owners consider holding off on investments in new equipment, and build their cash reserves instead.
The e-commerce pioneer declined to estimate how long the recession could last, but he urged people to be ready for an economic disaster.
(Excerpt) Read more at msn.com ...
I have been concerned all year. Taken steps way ahead of some of this talk.
But, what I find incredibly worrisome is/are these folks are talking about 'batten down the hatches' mentality. We have been through recessions before or bubbles bursting too. I do not believe they are talking about 'recession' it sounds more like depression to me.
Impossible! The animated turnip in the White House says that all is well! Would he lie? /s
We are going to be hearing this a lot now that the elections are over.
Hasn’t looked great for a while now
Funny how it doesn’t look great until after the mid term elections....
When a dem says a crisis is coming, that should make you think Covid late 2019.
“prepare for the worst...”
Disco?...
Especially for the people he’s about to fire.
The leftists and the MSM will probably end up blaming American voters for the recession.
You’re right.
But that cute little Orphan Annie black lesbian just said the economy is great and there’s no recession! She can’t be lying can she?
Bezos is racist and a homophobe.
And in a way, they will be right.
He is doing what any business would do in the arena of ‘batten down the hatches.’
Stack the powder is the advice from the rich guy...
Amazon is great but Bezos is poison.
He’s losing his Covid bump so he thinks the sky is falling.
“ Bezos recommended American households delay big-ticket purchases such as new TVs, refrigerators, and cars, given the risk that economic conditions worsen.”
Cash won’t be very good either…considering the inflation accompanying the downturn.
I am going to get Henry Shotgun I’ve had my on and do it now. There are some things much more useful than cash in a crash.
And widespread election fraud in key areas means no relief stopping the leftist from eventually controlling everything.
Setting it up to blame the Republican house and then they can slam them for the 2024 election.
Citizens Free Press is reporting the New York Slimes is saying Amazon is going to lay off 10,000 this week.
Citizens Free Press is reporting the New York Slimes is saying Amazon is going to lay off 10,000 this week.
Oh I so agree with you on that.
Delay big ticket items if putting them on credit.
but some items...like a needed refrigerator should be bought within reason on cash. You don’t need the fancy, smart fridge thingy.
I just invested in tires for the car, wheel alignment, suspension check etc.
Hasn’t looked great for a while now
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You say that but the stock market indices between the start of October and now have shown a rather astonishing jump. Was that just artificially pumped up before the midterms and now we’re going to see the significant downturn that seems to be expected? This is me just mumbling by the way.....
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