đš Former Commerce Secretary Warns of Impending U.S. Recession! đš
Wilbur Ross, former U.S. Commerce Secretary, has issued a stark warningâhe believes the U.S. is headed for a mild recession due to the lingering effects of pandemic-related stimulus. đïžđž While Wall Street stays optimistic with strong GDP and low unemployment, Ross points to inflation, rising prices, and an over-reliance on government jobs as signals of a looming downturn. đ
He argues that the economy was artificially inflated by the $5 trillion pandemic stimulus, which fueled demand without boosting supply, leading to higher inflation. With 30-40% of post-pandemic jobs linked to government initiatives, Ross questions the true strength of the recovery.
Will the markets react to this prediction? Could Bitcoin and crypto become a hedge against economic uncertainty? đ Stay tuned for whatâs next!
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