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BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
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Jeff Bezos, the founder and CEO of Amazon, recently warned that Americans should prepare for a recession. During a conversation at the Economic Club of Washington D.C., Bezos discussed his views on the current economic climate in the United States and shared his concerns about the potential for an economic downturn in the near future.
“I think we’re in a golden age of exploration and pioneering for the internet,” Bezos said at the event. “But I also think that every empire, every business, every individual has to prepare themselves for a time when they’re not at the top of their game. You have to be prepared for that. It’s inevitable.”
Bezos went on to explain why he believes a recession is likely to occur at some point in the coming years. He cited factors such as rising levels of debt, political instability, and slowing economic growth as reasons to be cautious about the future.
“We’re in a position where we have the most debt we’ve ever had in our history,” Bezos said. “It’s not just the government. It’s also households and corporations. That’s a recipe for a slowdown at some point.”
He also expressed concern about the impact that political instability could have on the economy. “The country is very divided right now. We need to be looking for ways to bring people together rather than ways to divide them further,” Bezos said.
Despite his warnings, Bezos also emphasized the need for continued investment in the future of technology and innovation. He said that despite the risks involved, investing in new ideas and new technologies was essential for continued growth and advancement.
“If we’re not willing to take risks and make investments, then we’re not going to have the advances that we need to keep moving forward,” he said.
Bezos’ comments come at a time when many economists and analysts are predicting an economic slowdown in the near future. While some indicators, such as low unemployment rates and steady economic growth, suggest that the current economic expansion could continue for some time, others are pointing to signs of trouble such as slowing global growth and escalating trade tensions.
Regardless of when or how a potential recession might occur, Bezos’ advice to Americans to prepare themselves and their businesses for potential economic challenges is wise. By keeping debt levels low, staying diversified, and being cautious in their investment decisions, individuals and companies can better weather any economic storm that may come their way.
So everyone in America it's been 2 months now and has much changed ? Are you still preparing for this ?
The entire year has been in recession. Whether recession or not spend wisely, then the recession will be just a rainy day with guaranteed shelter. Stop buying Chinese crap from Amazon.
Bezo is right time to get rid of unnecessary services like Youtube premium, and Amazon Prime…
Everybody go out an buy a new Dodge Challenger or Charger. Don’t forget to add the 24” wheels. The government will forgive your loans.
Proof the morons are out of touch with reality! We are already in a recession and have been for several months!
If basic essentials are prepared by the government before the recession ……..
We’re already in one, thanks to Brandon
I’m sure Amazon sees a massive pullback in spending.
James 5:1-5/Zephaniah 1:17,18 – who are the ones causing a repeat of the MORGENTHAU plan and what their end will be – Zephaniah 3:8/Daniel 12:1/ Revelation 16:1-12
Defenetly in a recession about to hit a hard landing!
When billionaires become P. Schiff style doom and gloomers…
The average person would say we've been in a depression for a few months. The fake news says we haven't even hit a recession yet. Sad times!
They said inflation was transitory.
They lied.
They promised a smooth landing.
They lied.
They claimed to reset housing.
They lied.
Sometimes I really wondered how people make this huge profits investing on the stock market online, I agreed with you investing and earning is a legitimate way to gain financial freedom, but how is it done?
Global Depression on the way. Worse than 2008.
Ofcourse we're ALREADY in a recession. If Trump were President they would be telling you that EVERYDAY.
Ask him why he's burning books.
Joe has run the whole bus into the ditch.
Time to take the keys away in November… Vote
bezos is part of the problem
https://www.youtube.com/watch?v=BurlD77QbjM excellent explanation . this is serious
It’s people like Jeff that screw the economy one person having all the money doesn’t support a consumer society it’s okay cause he will be murdered soon as well as all the rich and all the politicians
Hidden under it's wings
The darkness you wish to hide
Bearer of ugly truths
Grey…
Somber morning
Through blurry glass
The black crow
Here comes the messenger
Found bringer of dark days
Here comes the messenger
Black crow on a tombstone
Stare
That reeks of death
The posture
Makes you tremble
Here comes the messenger
Found bringer of dark days
Here comes the messenger
Black crow on a tombstone
seek
And find you
Make you remember
Here comes the messenger
Found bringer of dark days
Here comes the messenger
Black crow on a tombstone
Hidden under it's wings
The darkness you wish to hide
Bearer of ugly truths
On a grey
Somber morning
Through blurry glass
The black crow
Here comes the messenger
Found bringer of dark days
Here comes the messenger
Black crow on a tombstone
-Satyricon
Ecclesiastes 7: 16
16 In the day of wealth be of good comfort, and in the day of affliction consider: God also hath made this contrary to that, to the intent that man should find nothing after him.
Recessions are where millionaires are created. I feel for the older generation, but if you are young or middle age, you should do everything possible to double and triple your investments.
Bezos, you had a good economy under Trump, but your rag paper The WaPo beat him mercilessly with false stories like Russia Collusion and you hounded him out of office…….enjoy your Biden disaster.
i still cant believe 10million people bought homes during a pandemic the biggest purchase of your life you need a place to live ? rent or OR buy a cheap mobile home you can get them even in california for 15,000 $ just wait it out nah buy that $850,000 home+
So, a reporter interviewing a reporter. The media doesn't even try anymore
Time to buy.