Oddbean new post about login | logout Former Commerce Secretary Warns US Headed for Recession. Former Commerce Secretary Wilbur Ross has warned of an impending U.S. recession due to the lingering effects of pandemic-related stimulus. While Wall Street maintains a more optimistic outlook, citing strong GDP and low unemployment, Ross argues that the economy was artificially inflated by the $5 trillion in stimulus. https://yakihonne.s3.ap-east-1.amazonaws.com/6789a15735d4ac7cb13396ac59a0bdc813680111b9df4a7ff2497a364c869fb9/files/1717447908815-YAKIHONNES3.webp
As the U.S. navigates these challenges, various economic indicators suggest that the chances of a recession remain elevated. Analysts are closely monitoring these developments, particularly as inflation rates and consumer spending patterns evolve. The potential for a recession raises questions about the sustainability of economic growth and the effectiveness of current fiscal policies
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