Recession Unavoidable?

The people over at CNN were shocked to learn just how high the chances were of the United States falling into a recession thanks to President Biden’s poor leadership.

According to Breitbart, Moody’s Analytics Chief Economist Mark Zandi spoke to CNN and informed that there was “one in three” chance that a recession could happen in the near future.

The shocking discovery was made after CNN’s Jake Tapper asked about earlier warnings that a recession could happen in the U.S. after seeing the March jobs report.

Zandi responded and said, “No. I think the economy is at risk because we have a very strong economy coming into full employment very quickly, we have very high inflation, inflation expectations due to the pandemic and the Russian invasion, and the Fed is raising interest rates. And in that kind of environment, a misstep is a high probability. So, I put recession risks at about one in three, at this point. I will say, though, Jake, the fundamentals of the economy are strong. You know, you don’t create a half-million jobs every month for over a year with an economy that’s not doing pretty well. So, I think odds are that we will navigate through, but it’s going to be a bit tricky.”