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Same economists who said a recession was going to happen last...

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AlCp

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18/02/24

18:46

Post #: 72471865
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Originally posted by Baron1 ↑

https://finance.yahoo.com/news/no-soft-landing-us-economy-022146984.html#:~:text=The soft-landing dream is,said in a CNBC interview.

"No soft landing: The US economy is going to fall into recession in the middle of 2024, Citi's chief economist says

The soft-landing dream is over; instead, the US economy is headed for a recession in the middle of 2024, Citi says.

"There's this very powerful and seductive narrative around a soft landing, and we're just not seeing it in the data," Citi's chief US economist, Andrew Hollenhorst, said in a CNBC interview."

This is the free version of the article from the Buisness Insider, but some light reading for you all. I agree recession is inevitable now, the soft landing was a ramp that everyone bought into and now we wait for the huge rug pull that will wipe many out. Sorry I sound unsympathetic but you have to remember I have seen this happen a few times before I am aware this will be the first time for most.

Just remember history always repeats. Good luck all.

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Same economists who said a recession was going to happen last year????

XJO Value at posting: 7,658.3
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