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.
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.
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.
Citizens Free Press is reporting the New York Slimes is saying Amazon is going to lay off 10,000 this week.
Yet so many remain oblivious and are convinced real estate and cars are goign t o continue to appreciate in value.
The trouble with people is that they are people.
I agree with your take above.
We have weathered recessions before, but we have NEVER entered a recession as a nation with the systemic problems we now face in our economy.
The FED is tapped out. Due to inflation, we cannot pump money any more.
Due to federal debt an increased amount of our “budget” (for lack of a better term) will be applied to interest on our existing debt even as we accrue more. Uncle Sugar cannot turn off the spigot.
Consumer debt is rising faster than any time in our history and people are using credit to pay basic bills due to inflation. It is exploding.
Layoffs are starting and more are on the horizon. Employment lags (as always) with the economic downturn.
Older people are losing a large amount of their retirement funds and pensions will be at risk as well.
Small business is still reeling from our Covid policies and we are seeing record numbers of small businesses failing to pay bills. This downward spiral is barely noticed, but it is very real.
Supply chain disruption continues to spike the economy with import disruptions leading the way.
Many economies around the world are in even worse shape than we are if you can believe it and our central banks will face pressure to bail them out too.
Our own government is continuing the war on energy even as we spend borrowed money on “green energy” projects that are not capable of meeting our needs. Energy is the lifeblood of our economy.
Bezos is right about this and there will NOT be a soft landing for this.
We are facing something completely different from prior versions of “recession” that often involved a major correction within one sector of the economy that sent ripples throughout.
Every sector of our economy is in jeopardy right now and there is no historical precedent for something potentially this big.
You can feel it in your bones. Powerful people want a “Great Reset” and it may be closer than we think.
It is interesting to note that Bezos doesn’t run Amazon anymore.
I doubt he would be saying, “Don’t buy stuff” if he were still the guy in charge.
That reminds me...I have to cancel my Prime membership.
I’ve been concerned about all the spending and what it will mean for your average Joe since GW was prez.
I’m not preparing for a “looming recession”. Those come and go. But the combination of double-digit inflation and a disastrous fiscal policy has me locking things down.
I expect more checks will be mailed Willy Nilly by the Feds next year. Gasoline on a fire.
Never mind, I know. He voted for this, knowing that this is what he was voting for.