A recession in 2023 is now inevitable. Layoffs in tech and finance will spread to other sectors
More than a year ago, I forecast a recession would begin in the second half of 2023. That was a no-brainer. Years of virtually zero interest rates ignited stock markets, bond markets, and housing bubbles. To deal with the spike in the inflation rate to 9% in June 2022, the Federal Reserve began to…
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