Many economists believe we’re on our way to a recession, and the JP Morgan CEO says we’re headed toward something worse. Graham Stephan, a real estate investor, has warned that the worst economic collapse could be coming.
Around half of the investors expect the US to enter recession in 2023, a Bloomberg Markets Live survey shows.
Jeff Bezos warned the US economy would likely slump into a painful recession. Amazon’s billionaire founder advised consumers and businesses to delay purchases and stockpile cash.
Bezos recently suggested it was time to “batten down the hatches.” Jeff Bezos has warned that a US recession is looming and advised consumers and businesses to stockpile cash in case of a devastating downturn.
“Things are slowing down; you’re seeing layoffs in many sectors of the economy,” he continued. “The probabilities say if we’re not in a recession right now, we’re likely to be in one very soon,”
Bezos recommended that American households delay big-ticket purchases such as new TVs, refrigerators, and cars, given the risk of worsening economic conditions.
He suggested that small-business owners consider holding off on investments in new equipment and build their cash reserves instead.
American consumers and businesses may weather soaring prices, surging borrowing costs, and a shrinking economy. Bezos is likely recommending they stockpile cash to help them survive that painful squeeze.
Proverbs 19:17 He that hath pity upon the poor lendeth unto the LORD; and that which he hath given will he pay him again.
Proverbs 22:9 He that hath a bountiful eye shall be blessed; for he giveth of his bread to the poor.
Proverbs 28:27 He that giveth unto the poor shall not lack: but he that hideth his eyes shall have many a curse.
Matthew 25:40 And the King shall answer and say unto them, Verily I say unto you, Inasmuch as ye have done it unto one of the least of these my brethren, ye have done it unto me.
Matthew 25:41 Then shall he say also unto them on the left hand, Depart from me, ye cursed, into everlasting fire, prepared for the devil and his angels:
Matthew 25:42 For I was an hungred, and ye gave me no meat: I was thirsty, and ye gave me no drink:
Matthew 25:43 I was a stranger, and ye took me not in: naked, and ye clothed me not: sick, and in prison, and ye visited me not.
Matthew 25:44. Then shall they also answer him, saying, Lord, when saw we thee an hungred, or athirst, or a stranger, or naked, or sick, or in prison, and did not minister unto thee?
Matthew 25:45 Then shall he answer them, saying, Verily I say unto you, Inasmuch as ye did it not to one of the least of these, ye did it not to me.
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