The Fed, Bank of America and Hordes of Corporate CEOs Are All Warning That a Recession Will Happen This Year

Discern Report ^ | 4/16/23 | Michael Snyder

[CFW]

If virtually everyone is expecting a recession, and most people start acting accordingly, do you think that will make an economic downturn less likely or more likely?

Needless to say, the answer to that question is obvious. Right now, banks all over the country are getting really tight with their money, large corporations are laying off workers at a frightening pace, and consumers are cutting back on their spending. In other words, it really is starting to look a lot like a recession out there, and economic conditions are only going to get even more harsh in the months ahead.

I know that this is not good news. Things are already far from great, and one recent survey found that 70 percent of all Americans are “feeling financially stressed”…

[CFW]

The question we should all be asking is what will the Biden administration do to deflect from the disastrous economy prior to the 2024 election season? Whatever it is I suspect it will be done this fall, or at least it will be apparent this fall. The plans may already now be in place with the initial parts being put in place.

I'm expecting a black swan event.

[Openurmind]

They spelled Depression wrong.

[Bobalu]

[Openurmind]

That is excellent...

[BradyLS]

Recession? We’re soaking in it.

[alternatives?]

It is hard to have a depression with this level of inflation.

[oldasrocks]

Good, maybe prices will go down so I can get the new house built cheaper.

[Paladin2]

They should know as they are causing it.

[Raycpa]

Buy gold?

[wardamneagle]

Covid Part II……all about govt. control.

[lightman]

A Recession is when your neighbor loses her job.

A Depression is when you lose your job.

A Recovery is when Xoe BuyDung loses his.

[Openurmind]

That is good...

[proxy_user]

If everyone is expecting a recession, it is highly likely that a recession will not occur.

[OHPatriot]

Buy Lead and have the will to expend it.

[entropy12]

Recessions are necessary in a capitalistic system. It helps bankrupt poorly run businesses and we’ll run businesses grow. It is like culling dead wood on a tree. It makes the tree stronger. Poorly run companies pay less tax and are a burden on national economy.

[eyedigress]

You just gave away all your market secrets.

[Fido969]

These are the idiots that put a transvestite on a Bud can?

Hard pass.

[tomkat]

Warning That a Recession Will Happen This Year

Compared to what, you pampered dickheads ?!

[Secret Agent Man]

We’re in a recession.

What they call recession is a depression.

[Bikkuri]

More like a depression.