Finance & Economy | The American Recession
History Won’t Repeat Itself In The Upcoming Recession
At least not in the way many experts think.
Three out of four of all chief executives of Fortune 500 companies are now saying that they expect economic growth to go into the negative before the end of 2023. If you’re still one of the detractors who believe that we recession predictors are nothing more than “doomsayers,” well you’re just clearly wrong.
Bond yields are flashing red, inflation continues to soar, and unemployment in America has dipped below 4%. Historically speaking, every single time this has happened, it has meant that the economy is overheating. It’s not hype, this combination of indicators has never once in history failed to predict a recession coming within the following two years.
Despite this, even after the writing was on the wall, the Fed in Washington and their fan base of bullish investors continued to fan optimism and claim that inflation would subside as the pandemic ended.
It didn’t happen, and at this point, no one with any sense believes that it will. If they do, they don’t dare say it publically.
