Is the US economy in a serious recession? Analyst: Surge in bankruptcies resembles the financial tsunami period
An expert who previously served as an advisor to the Dallas Federal Reserve stated that the number of corporate bankruptcies in the US has surged in recent months, similar to the situation during the 2008 financial tsunami.
She also pointed out that more "negative data" will be announced in the US during Trump's administration, further revealing the extent of the economic recession. She believes that the turning point for employment data to turn negative will be in April 2024, which means that the recession may have started as early as then, and the average duration of a recession is about 11 months, so she expects that recovery may begin in 2025.
Due to the likelihood of more negative data emerging after Trump took office, she believes this means that the Federal Reserve may take more measures to cut interest rates in 2025 to respond to the economic recession.
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