dainthomas
Lifer
- Dec 7, 2004
- 14,572
- 3,401
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High inflation, high gas prices, the war in Ukraine are going to contribute to a very severe economic downturn, and many Americans aren't going to be prepared. Its going to be interesting if we dip into a recession. How severe is it going to be? Will the average Joe and Jane be able to weather the downturn. Are people saving? How many people have at least a 6-month money cushion just in case if something tragic comes up. And what about the crypto bros? Will they go bust. As for me, I'm paying off all of my debt. I want as little debt weighing me down, just in case Jami is correct. And, what about Peter Schiff? Seems like he does nothing but fear monger. He was correct about the 2006-09 housing crash. Will he be correct about the next crash which he has said is going to be much worse. Will the economic hurricane turn into a tsunami? Only time will tell.
Brace yourselves for an economic 'hurricane,' Jamie Dimon says
Jamie Dimon is no meteorologist, but the JPMorgan Chase CEO is predicting an economic "hurricane" caused by the war in Ukraine, rising inflation pressures and interest rate hikes from the Federal Reserve.www.cnn.com
God created economists to make meteorologists look good.