A toxic mixture of high inflation, surging interest rates, and slumping global growth threatens to cause a recession in the US, as was brought to the attention this week by Michael Burry, Mark Zuckerberg, and others.
The predictions from CEOs, investors, analysts, and academics were contributed to by Andy Jassy, Larry Fink, and Leon Cooperman.
The experts blame the Federal Reserve for raising interest rates so quickly that consumers face higher living expenses and borrowing costs. Slowing growth in China, as well as continued disruptions from Russia's war with Ukraine, have been pointed out by them.
This is the first thing. Michael Burry is an investor.
Is there a strategy that will pull us out of this recession? What could we do to stop them? There aren't any We are looking at a long recession.
There are two
It's time for the Fed to cut interest rates. They are increasing the likelihood of a recession.
There are three. He is the CEO of Meta.
We thought that the economy and the business would go in a certain direction. We had to take a break. Our operational focus over the next few years is going to be on efficiency and discipline and rigor.
There are four. Andy Jassy is the CEO of AMAZON.
It looked like we were coming out of the Pandemic. The inflationary environment that we're in and now a very uncertain economy were caused by Omicron. The long-term resolve of a lot of companies is going to be tested in the next couple of years.
There are five. The CEO of the company.
We won't have an economy that is based on growth. We are going to enter a period of weakness.
There are six. Leon Cooperman is the CEO.
The basic belief of my recession thesis is that we have borrowed from the future and need to give it back. Cooperman said that the next recession could last for longer than a year.
There are seven. David was the founder of the research.
The Fed isn't taking any prisoners because they're concerned that inflation will stay elevated for a long time. The economy is going to have a rough ride in the next year and a half.
It's going to be a recession. No asset class is completely priced for it.
There are eight. Christopher Smart is at Barings.
Next year will be a slower economy. Our best guess is that we're going to be in a period of deflation for a long time.
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