Recession shock coming,' major US bank warns
Soaring inflation raises the risk of major economic downturn, Bank of America says

The macroeconomic picture is deteriorating rapidly and could push the US economy into recession as the Federal Reserve tightens monetary policy to tame surging inflation, Bank of America (BofA) warned on Friday.

"Inflation shock worsening, rates shock just beginning, recession shock coming," BofA's chief investment strategist, Michael Hartnett, wrote in a weekly note to clients, seen by Reuters. He added that in this context, cash, volatility, commodities and cryptocurrencies could outperform bonds and stocks.

Earlier this week, JPMorgan's chief executive, Jamie Dimon, said in his annual letter to shareholders that the combination of inflation, the conflict in Ukraine and sanctions against Russia may "dramatically increase risks ahead" for the US. He has warned of unpredictable consequences for the nation's economy.

On Wednesday, the Federal Reserve laid out its plan to reduce its balance sheet, while also discussing the pace of upcoming interest rate hikes, as it confronts inflation running at a four-decade high. Investors expect the regulator to hike its key interest rate by 50 basis points at its next meeting in early May.
https://www.rt.com/business/553524-us-recession-shock-coming/

More gbas gbos

Russia 1 USA 0

By devaluing the petrol dollar, Russia treated USA with its own cache of sanctions in one blow, thereby sending the Mighty USA into an unplanned recession and inflation.


Putin I salute you. You are the man.

You claimed to sanction Russia,but you are the ones suffering the consequences.70yr old man.

Uncle Joe, this your mumu no too much. The people you are trying to please, where Dem,now Dem never leave you? They have left you behind.

Russia na your mate?
You see a country that has men with very high I.Q.
When Putin told them, Sanctions is a double edged sword,they called him a mad man.
We are keenly watching.
Putin keep teaching oppressors lessons.

This is not good for the global economy. If the US goes into recession, it would affect everybody. I don't understand why the west are refusing to apply wisdom on this Russian issue.

We investors already saw this as back as 2020. US has printed so much money and raised no interest rates until recently. I already advised folks in Nigeria to save their money in metals. What is coming will be a child play compared to 2008. I am already hedged against this tho. This is the era where poor gets poorer and the rich gets richer. Brace up folks!

RT

Russia propaganda news


*Hisses*

gambojimeta:
RT

Russia propaganda news


*Hisses*

You're living in denial
Prices of commodities are skyrocketing in Europe and the U.S

Jonasbadoo:

You're living in denial
Prices of commodities are skyrocketing in Europe and the U.S

And in Russia.

Everybody will chop the breakfast including Nigeria. Imagine hardship even bitting harder in poor countries.

Pierocash:
You claimed to sanction Russia,but you are the ones suffering the consequences.70yr old man.

Uncle Joe, this your mumu no too much. The people you are trying to please, where Dem,now Dem never leave you? They have left you behind.

uncle sabinus joe

America has always emerged stronger from a recession.

foolish SCAmericans
The recession needs to hit em hard and let it be lonnnnggggggg! E go be the perfect opportunity for China overtake USA in everything

World power not going to Russia, it's actually going to China, Russia is just what will bring Americans and allies to their knees

chronique:
This is not good for the global economy. If the US goes into recession, it would affect everybody. I don't understand why the west are refusing to apply wisdom on this Russian issue.

When you have kids as politicians who reason emotionally instead of being pragmatic, that's the result of what you get.