Biden Puts American Economy In Peril
This is a very bad sign.
It has now been learned that an overwhelming majority of CEO’s in the United States strongly believe that we are headed straight for a recession.
An astounding 91 Percent of American CEOs believe a recession is just over the horizon.
According to Breitbart, KPMG CEO Paul Knopp explained, “Ninety-one percent of CEOs surveyed believe there will be a recession in the next 12 months. Only one-third of those CEOs believe it will be a short and mild recession. Some CEOs are considering workforce reductions, roughly half of the CEOs are thinking about whether they need to reduce workforce.”
When asked about their opinions about the future of the economy, business leaders explained that they were paying attention, “to what the Fed is saying around the kind of weakness or sustained weakness they need to create, the cooling they need to create in the economy to beat the corrosive effects of inflation, which can really, in the long term, damage the economy significantly.”
As of right now, there is little that President Biden is doing to fix the economic problems facing the United States. What’s worse is that 91% of Americans CEO believe we will be in a recession in less than 12 months. It would be wise for Americans to prepare for a poor economy in the near future.
