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2022... "More Than 30 U.S. States Don't Have Enough Cash To Pay Their Bills By Mayra Rodriguez Valladares, Senior Contributor" >This news is worrisome, especi
by hnburnsy 2y ago
2022...
"More Than 30 U.S. States Don't Have Enough Cash To Pay Their Bills
By Mayra Rodriguez Valladares, Senior Contributor"
>This news is worrisome, especially in a rising inflationary environment and one in which some economic indicators show us close to, or even in, a recession.
2022...
"As The Fed Fights A 40-Year Inflation High, Investors Must Remain Vigilant
By Mayra Rodriguez Valladares, Senior Contributor"
>Current inflation will cause both consumers and companies to reduce their spending, which unfortunately, will lead to a decrease in gross domestic product (GDP). If a significant recession arises, that too will push company stock prices down.
2022...
"High Interest Rates Will Continue To Challenge Most Sectors Of The Economy
By Mayra Rodriguez Valladares, Senior Contributor"
>While raising rates may be necessary to temper inflation, rising costs of borrowing for individuals and companies is likely to get us into a recession or close to it in 2023.
- Aloisius 2y agoSo as right as one could reasonably expect in 2019 and 2020, but overly pessimistic in 2022? Admittedly, one would have had to been blind not to see the 2020 recession coming. Whether it would have been a full blown depression absent stimulus is an open question - though it was the deepest recession since the Great Depression and other countries took much longer to pull themselves out of it. Of course, I think you'd have to be blind not to see the potential for a tighter economy now, assuming things continue the way they're going. We've certainly started cutting back on spending due to the chaos.