"Kennedy" panelists Inez Stepman, Jessica Tarlov and Scott Horton discuss a Bloomberg economic model predicting a 100% chance of recession within the next 12 months.
In a troubling development, however, the Fed's rate hikes have thus far failed to tame inflation: the government reported last week that the consumer price index soared 8.2% in September from the previous year, faster than expected. Even more concerning, core prices – which exclude more volatile measurements of food and gas – jumped 6.6%, the fastest since 1982.
"I think you have to expect that there’s more volatility on the horizon now," Solomon said during an interview on CNBC. "That doesn’t mean for sure that we have a really difficult economic scenario. But on the distribution of outcomes, there’s a good chance thatGiven the economic uncertainty as a wave of crises converges, including stubbornly high inflation and an increasingly aggressive Federal Reserve, Solomon said that it's a "time to be cautious.
"Yep, the probabilities in this economy tell you batten down the hatches," wrote Bezos, who is the second-wealthiest man in the world.Tesla CEO Elon Musk called for more drilling and fossil fuel resources on Aug. 29, 2022, warning that humanity could be"in trouble" if exploration is curtailed.
Being Rich Doesn’t Mean Being Smart.
They don't say anything new, since the Democrats took power we already knew that this misfortune was coming and they collaborated for this too.
Joe Biden is wrecking the economy, the oil+gas industry and the stock market. What a disaster.
Jamie Dimon, CEO of JP Morgan Chase, and Jeff Bezos, voted for and donated to the Biden disaster. Their “warnings” are face-saving maneuvers. These two knuckleheads facilitated a world-wide recession. BidenInflation Biden Recession Inflation RealityCheck
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