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Bloomberg senior commodity strategist Mike McGlone believes the possibility of the United States economy going into a recession is now much higher than it was a few months ago. According to the renowned commodities analyst, the chances of a global recession, a period of global economic slowdown or declining economic output, is now almost a hundred percent certain. McGlone says there are already very obvious signs of recession in Europe and China, and within the next few months, it will spread to other major economies, including the United States.
A recent poll which surveys US CEOs on their forecasts for business conditions for 2024 reveals that a majority of the 240 CEOs polled believe the risk of a recession in 2024 is very high. Nine out of 10 said they expect economic conditions in 2024 to either remain the same or be negative. 30 percent chose the former, and 58 percent, the latter. There was also a significant decrease in their ratings for expected business conditions next year. In August, on a 10 point scale where 10 is excellent and 1 is poor, the CEOs assigned a 6.4 rating. That dropped to 6.1 in September and 5.8 in October.
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Credit: Soar Financially
How Gold Can Save Us from The Biggest Recession Ever! | Mike McGlone
https://www.youtube.com/watch?v=qbioMTaId1c
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