Recession Archives

Wall St Experts Issue Warning after Biden’s Economic Gaslighting: ‘Economy Is Unwell’

Wall Street experts have issued a grim warning after Democrat President Joe Biden attempted to gaslight the American people over the gloomy economic outlook. Following a dismal gross domestic product (GDP) report on Thursday, Biden tried to claim that the economy looks hopeful. However, Wall St. executives are not buying…

Elon Musk Issues ‘Dire’ Warning to America: ‘Last Time Fed Raised Rates Going into a Recession Was 1929’

Twitter CEO Elon Musk has issued a warning to America about the "dire situation" emerging from Democrat President Joe Biden’s bungling of the economy. Musk sat for an interview with Tucker Carlson and called out Federal Reserve Chair Jerome Powell for some of his head-scratching moves. "This is a dire…

Elon Musk Interested in Buying Collapsed Silicon Valley Bank

Twitter boss Elon Musk has revealed that he's interested in buying the collapsed Silicon Valley Bank. As Slay News reported, Silicon Valley Bank (SVB) was shut down by California regulators on Friday. All of the bank's assets have been seized and the Federal Deposit Insurance Corporation has been named as…

FOMC Members Warned of ‘Uncertainties’ in Inflation Outlooks, Raised Recession Odds, Minutes Reveal

Federal Open Market Committee (FOMC) members are quietly raising concerns about a long, drawn-out recession, recent minutes have revealed. Minutes from the latest FOMC policy meeting show that the policy-making arm of the central bank believes the odds of a recession occurring in 2023 are higher. While inflation is moderating…

Economists Warn Americans: ‘Don’t Be Fooled’ – Severe Recession Is Coming

Two top economists have warned Americans not to "be fooled" by positive economic reports because a severe recession is coming. Lakshman Achuthan and Anirvan Banerji, the co-founders of the Economic Cycle Research Institute, said that despite contrary predictions, a recession will likely hit the United States "this year." “Some economists…

Recession Fears Increase, despite Major Banks Beating Earnings Forecasts

Recession fears are beginning to mount in the United States, despite most major American banks beating their earnings forecasts. JPMorgan Chase, Bank of America, Citigroup, and asset management giant BlackRock all reported positive forecasts on Friday. However, the positive news still left many investors disappointed. As higher interest rates boosted…

Businesses Are ‘Extremely Cautious’ Heading into New Year

American businesses are remaining "extremely cautious" as they head into the new year as recession fears continue to weigh heavy for 2023. One of the most hotly debated topics of 2022 has been the question of whether or not the U.S. economy is in recession. Yet corporate America is bracing…

Top Economic Forecaster: Recession Coming in 2024

A top economic forecaster has stated that America will enter a recession in 2024 after the economy slows down next year. The recession will be brought on by American industry continuing to slow down, according to economic forecaster ITR Economics. “We’re still calling for more of a slowing growth cycle…

Ex-Treasury Secretary: Recession Is Coming and It Won’t Be Mild

Larry Summers, who served as Bill Clinton's Treasury Secretary and Barack Obama's National Economic Council advisor, has warned that a recession is coming and that it will not be a mild one. Speaking during an interview with MSNBC on Thursday, Summers said that the Federal Reserve will have to face…

Renowned Economist Nouriel Roubini Warns ‘The Mother of All Economic Crises Looms’

Renowned economist Nouriel Roubini has warned that "the mother of all economic crises" is now looming. Roubini says he fears policymakers will likely not be able to handle the scale of the impending economic crisis in the global economy. Roubini raised the alarm in a December 2 article for Project…