Posted on 06/16/2023 2:06:53 PM PDT by Old West Conservative
Deutsche Bank’s top minds put U.S. recession chance near 100%—and say avoiding a hard landing would be ‘historically unprecedented’
Output is expected to contract as early as October and continue shrinking during the all-important election year, making it the worst performing economy among G7 nations in 2024.
It appears as if U.S. economists may have popped the Champagne corks on a soft landing too early—at least according to Deutsche Bank.
The German multinational bank’s top research team believes Washington has sparked a boom-bust cycle that now is nearing its end stage. In its house view, the recession slated to arrive as soon as October is the inevitable consequence of a series of aggressive rate hikes designed to extinguish the very flames of inflation that policymakers ignited through their own actions during the COVID pandemic.
“Avoiding a hard landing would be historically unprecedented,” warned group chief economist David Folkerts-Landau in a research report titled The Clock Is Ticking, published on Wednesday.
(Excerpt) Read more at fortune.com ...
Agreed. This has played out before in many arenas, larger and small. There comes a time when a large restructuring -- choose any other word that you wish -- in which SHTF, and then the fan must be reset.
Reset. Not by the hubris of a "Great Rest" -- which I conclude a massive scam on the wealthy, with the middle class always also being hurt -- but by those "invisible hands" which one may attribute to the writings of Adam Smith, or various theological streams of thought, but NOT by the egotistical and psychopathic.
Hubris met reality a thousand times. Each time is surprised. Each time, it loses.
I hope not, but I fear you may be right.
CBDC — digital currency — will be taking effect soon. Biden’s already signed it into law. That’s part of The Great Reset.
We’ve been in a recession since 2021...
Yes.
Either we have a bad recession or the nerdy, dimwitted independents will link with the brainwashed robotic lockstep Dems to destroy our only chance of saving the USA.
We have to have an economic downturn in 2024.
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