Top Economist Warns of Impending Recession as Unemployment Rises in 21 US States
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#be35213b ver:0.26

Top economist warns of impending recession as bank credit contracts for the first time since the Great Recession. Rising interest rates and declining lending indicate economic red flags. High-profile investors predict increased uncertainty and higher chance of recession. Delinquency rates on loans reach highest level in five years, raising concerns about consumer finances. Despite concerns, there are signs of recovery in US bank credit. Chief economist advises holding cash reserves as precaution. US economy faces uncertainty due to inflation, job concerns, and rising rent and house prices. Biden administration must fight inflation, create jobs, lower rentals, and promote savings for economic stability. Rising unemployment in 21 states signals recession, with economy divided between rich and poor. Consumer spending and company earnings could falter, leading to a decline in the stock market....

#newstr #Recession #Unemployment #Economy #Inflation #Inequality #Stocks #HousePrices 

 https://here.news/story/be35213b?ver=0.26