#shorts #recession #inflation
Vincent Reinhart, Chief Economist & Macro Strategist at Dreyfus and Mellon, gives a forecast on the health of the economy. Reinhart’s outlook is in response to Fed Chair Powell’s speech that occurred earlier this week. Reinhard joined Yahoo Finance Live on November 3, 2022.
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BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
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According to several economists, the United States economy is heading towards a recession in the next six to nine months. A recession is when the country experiences a decline in its gross domestic product (GDP) for two consecutive quarters. This means that the economy is not producing as much as it was before, leading to job losses and lower spending.
The reasons for a potential recession are a combination of factors, including the ongoing trade war with China, uncertainty in the global economy, and a possible downturn in the housing market. The trade war has already led to increased prices on goods for American consumers, as well as a decrease in demand for American exports. The uncertainty in the global economy stems from fears of a possible recession in other countries, such as in Europe, which could lead to decreased demand for American goods.
Additionally, the housing market has shown some signs of slowing down, which could have a ripple effect throughout the economy. Real estate is a significant contributor to the U.S. economy, and a downturn in the market could lead to job losses in the construction industry and lower demand for goods and services related to homeownership.
Another factor that could contribute to a recession is a potential decrease in consumer spending. With rising debt levels and an increase in the cost of living, consumers may be more reluctant to spend money, which could lead to decreased demand for goods and services.
However, it is worth noting that there are still many variables and uncertainties that could impact the economy, both positively and negatively. The Federal Reserve has already lowered interest rates to boost the economy, which could stimulate growth. Additionally, a resolution to the trade war with China could lead to increased demand for American goods and services.
Regardless of the potential outcomes, it is essential to prepare for a possible recession. This means saving money, paying off debt, and diversifying investments. Businesses should also prepare for a downturn by focusing on cost-cutting and reducing overhead expenses.
In conclusion, while it is impossible to predict the future of the economy with certainty, all indications point towards a potential recession within the next six to nine months according to many economists. This underscores the importance of being prepared and taking steps to mitigate the impact of a possible downturn.
That's the Fed's advertised mandate. Those are appointed positions. The Government has no strategy to deal with all the federal, state and municipal debt other than inflation as they are already taxing beyond diminishing returns. I think the current fed mandate is probably something like, let's eventually (closer to election) get inflation just low enough that it's not the main topic of conversation.
Selling fear. Y’all buying!
Fear
Already
I have delayed my retirement due to this recession.
this is an example.
1. economics collapse to prime minister print money for economics stable & price rate stable.
2. more money in public & price rate high to prime minister money block only high value note block like $100,$50 for economics stable & price rate stable.
Charts appear to say >22k< bottom i could see that, but not with the macro situation though. I dont even think talkin bout the bottom is worth it atm. Macro is the worst in decades energy, inflation, rate hikes, supply shortages etc etc its the perfect storm. From 2008ish till around 2021 when the economy was boomin & the fed was printing money btc still crash about 85%. So i find it hard to accept a 75% crash for a bear market that lines up with a global recession, dont make sense to me. Institutions & whales need retail to sell so theres enough supply to meet their demand & they aint buyin yet!! The thing is retail aint got any money to ape in to btc atm & over the next 12 months or so i see less money in the system as the fed tightens & everything goes up in price. So where will the money come from in that kind of a setting?? I really dont think weve seen the bottom yet or the kind of pain coming next year after mid terms. I guess we will see, I will keep buy and just trade long term more than ever, I have made over 5.6` btc from trading with Paul Charlton in few weeks this is one of the best medium to backup your assets incase it goes bearish <You can reach Paul on ͲeIєɠɾαm CHARLTONTRADING
We been in a recession since march 2022. Wtf you guys talking about