- June 7, 2022
- Posted by: Stratford Team
- Category: Economy
Pessimism abounds about the U.S. economy. Wall Street executives, normally an upbeat bunch, are warning of a “very, very high risk” of recession, as Goldman Sachs’s Lloyd Blankfein recently put it. The head of Wells Fargo says there is “no question” the nation is heading toward a downturn. The stock market has veered dangerously close to a bear market. Top business leaders are as gloomy as they were at the start of the pandemic. Consumers are even more downbeat. Americans rate the economy as badly as they did the Great Recession, largely because of inflation at 40-year highs.
It is easy to explain what could tank the economy in the not-too-distant future. To fight inflation, the Federal Reserve is hiking interest rates, and when the Fed starts pumping the brakes, a recession often follows. Russia war’s in…
