Ezekial 33:6 But if the watchman see the sword come, and blow not the trumpet, and the people be not warned; if the sword come, and take any person from among them, he is taken away in his iniquity; but his blood will I require at the watchman’s hand.
“We will get a major recession,” Deutsche Bank economists wrote in a report to clients on Tuesday.
Deutsche Bank economists wrote in a report, “Why the coming recession will be worse than expected.” They suggest the central bank will raise interest rates so aggressively that it hurts the economy.
Consumer prices spiked by 8.5% in March, the fastest pace in 40 years.
History shows the Fed has “never been able to correct” even smaller overshoots of inflation and employment “without pushing the economy into a significant recession,” Deutsche Bank said.
Even Stanley Morgan economists say, with inflation at the highest level in 40 years and the Federal Reserve taking increasingly aggressive action to cool consumer demand and prices, the risk of a global recession is on the rise.
The bank said several developments will contribute to higher-than-feared inflation, including the reversal of globalization, climate change, further supply-chain disruptions caused by the war in Ukraine and Covid lockdown in China, and coming increases to inflation expectations that will support actual inflation.
“It is sorely tempting to take a go-slow approach hoping that the US economy can be landed softly on a sustainable path. This will not happen,” Deutsche Bank said.
This worldwide economic slowdown and shortages hurt the poor nations the most.
Luke 21:9 But when ye shall hear of wars and commotions, be not terrified: for these things must first come to pass; but the end is not by and by.
Luke 21:11 And great earthquakes shall be in divers places, and famines, and diseases; and fearful sights and great signs shall there be from heaven.
Luke 21:25 And there shall be signs in the sun, and in the moon, and in the stars; and upon the earth distress of nations, with perplexity; the sea and the waves roaring;
Luke 21:28 And when these things begin to come to pass, then look up, and lift up your heads; for your redemption draweth nigh.
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