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Recession ⚠Warning: Former Commerce Secretary Sounds AlarmWilbur Ross, former Commerce Secretary, predicts a US recession due to pandemic stimulus aftermath. Despite Wall Street's optimism, Ross cites inflation, high consumer prices, and government job reliance as indicators of a looming recession. _Artificial Economic Boost_ Ross argues that the $5 trillion in pandemic stimulus artificially inflated the economy, leading to a false sense of security. He warns of a mild recession, stating: "The economy was artificially propped up... They overdid it." _Contrasting Views_ Wall Street remains optimistic, pointing to strong GDP and low unemployment. However, Ross's warning highlights the potential risks of a recession. _Key Points_ - Former Commerce Secretary Wilbur Ross predicts a US recession - Ross attributes the recession to pandemic stimulus aftermath - Inflation, high consumer prices, and government job reliance are cited as indicators - Wall Street maintains a more optimistic outlook #RecessionWarning #usdoller Economy #WilburRoss #PandemicStimulus

Recession ⚠Warning: Former Commerce Secretary Sounds Alarm

Wilbur Ross, former Commerce Secretary, predicts a US recession due to pandemic stimulus aftermath. Despite Wall Street's optimism, Ross cites inflation, high consumer prices, and government job reliance as indicators of a looming recession.

_Artificial Economic Boost_

Ross argues that the $5 trillion in pandemic stimulus artificially inflated the economy, leading to a false sense of security. He warns of a mild recession, stating:

"The economy was artificially propped up... They overdid it."

_Contrasting Views_

Wall Street remains optimistic, pointing to strong GDP and low unemployment. However, Ross's warning highlights the potential risks of a recession.

_Key Points_

- Former Commerce Secretary Wilbur Ross predicts a US recession
- Ross attributes the recession to pandemic stimulus aftermath
- Inflation, high consumer prices, and government job reliance are cited as indicators
- Wall Street maintains a more optimistic outlook

#RecessionWarning #usdoller Economy
#WilburRoss #PandemicStimulus
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