Not Simply Another Crisis

We've never experienced such a multi-faceted, global turndown - not to mention the waves of layoffs and without diving into all the new employee social / psychological issues due to so many changes over the last year or two, which economists are not used to dealing with.

But a crisis that's impacting so many regions at once? It's the first time in history we're witnessing a crisis like this.

Anyone who says we've gotten out of similar situations in the past, doesn't know what they're talking about. Here's an example -

Expert economist says US ‘will buck history and avoid recession’ Mark Zandi head economist of 穆迪分析 explained how previous recessions have been typically “preceded by a spike in oil prices,” although that is not the case right now, as a mix of macroeconomic headwinds led to a notable drop in crude prices in 2023.? Finbold

Recent gloomy headlines from Investing.com (translated from Hebrew headlines below) -

• 52% of high-tech service providers see reductions over last half year
• From inflation in the US to deflation in China, what moving the markets?
• Investment groups around the world warning about a rough landing and interest - but markets are running forward
• Even if the interest rate isn't hiked, the ??? ????? Bank of Israel will leave opening for further hikes in the future
• Global oil market debt will deepen in third quarter impacting price hikes
• Will the Feds keep raising interest despite good job report?

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What The Experts Are Saying

Many Americans fear a recession as severe as 2008 could be coming. Here’s what experts say CNBC

“We’re not expecting that,” Kathy Bostjancic , chief economist at Nationwide , said of the firm’s outlook for the U.S. economy.

At Raymond James , the current forecast calls for a “very, very mild” recession, according to chief economist Eugenio J. Alemán