5 Signs the World is Heading for a Recession
@Kon How:
1. The mighty US dollar 2. America’s economic engine stalls 3. Corporate America tightens its belt 4. Welcome to bear territory 5. War, soaring prices and radical policies collide There’s now a 98% chance of a global recession, according to research firm Ned Davis. The mighty US dollar – It creates destabilizing effects for Wall Street, as many of the S&P 500 companies do business around the world. By one estimate from Morgan Stanley, each 1% rise in the dollar index has a negative 0.5% impact on S&P 500 earnings. America’s economic engine stalls – The No. 1 driver of the world’s largest economy is shopping. And America’s shoppers are tightening their belts with inflation. Corporate America tightens its belt – For eg. Apple is scrapping plans to increase iPhone 14 production after