April 25, 2024
EconomyRecession 2023 - Full Steam Ahead, According to Polled Economists - How bad will it be?

Recession 2023 – Full Steam Ahead, According to Polled Economists – How bad will it be?

"I said there were storm clouds. But I'm going to change it. It's a hurricane," he said during a conference hosted by AllianceBernstein Holdings. "Right now it's kind of sunny, things are doing fine, everyone thinks the Fed can handle it. That hurricane is right out there down the road coming our way. We don't know if it's a minor one or Superstorm Sandy. You better brace yourself." - JPMorgan Chase CEO Jamie Dimon

The United States' economy is in trouble. Inflation is the highest it's been in nearly forty years, and the Federal Reserve is raising interest rates in an attempt to bring it back down. Thus, the Fed is attempting to slow economic activity in the United States through rate increases. However, voices like Janet Yellen - claiming that the economy is not nearing a recession, are countered by the 70% of leading academic economists polled, who say we are set for one.

However you look at it,...

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