Stock market crash is coming in 2023, even if US economy avoids recession

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 51%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

Here's the six-word outlook for stocks in 2023: going to hell in a handbasket

An icon in the shape of a person's head and shoulders. It often indicates a user profile.It doesn't matter if the US economy goes into recession or not: The stock market — for the foreseeable future — is royally screwed.

On the economy side, the US is experiencing a violent bout of inflation created by the pandemic; pent-up demand collided with a lack of everything from workers to widgets. Like a swarm of locusts, inflation is eating up economic growth, pushing up prices and nullifying wage increases. But some of the pandemic-related conditions that got us here — like clogged supply chains — are normalizing.

"It doesn't matter whether it's technically a recession," one legendary fund manager told me."It's a bear market. We sit in the middle innings."The hangover the global economy is suffering through is a well-known story by now. Kicking the economy back into gear has been like starting an old car that had been left for years outside in the Saskatchewan snow.

How do I know this? Because Powell tells me every chance he gets. In fact, he's explicitly said he would rather hike rates too high and risk a recession than lower them too early and watch inflation stick.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 729. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

Probably Business Insider journalists will lose their jobs first, if stock market collapses.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Phoenix construction costs outpace nation, labor shortages expected in 2023 - Phoenix Business JournalAs general contractors complete a backlog of projects in 2022, industry insiders told the Business Journal they expect to see a slowdown in construction activity moving into 2023 and even into 2024 for nonresidential development as some future projects are put on hold.
مصدر: phxbizjournal - 🏆 254. / 63 اقرأ أكثر »