Posted by Hải Âu + (73..162.32) on July 10, 2022 at 09:02:04:
In Reply to: GDP in Q2 posted by Hải Âu on July 10, 2022 at 08:56:11:
The official GDP estimate for Q2 won’t be available until later this month, but many experts – including Ark Invest’s Cathie Wood – are calling for a recession.
“We think we are in a recession,” Wood says in a recent CNBC interview. “We think a big problem out there is inventories — the increase of which I’ve never seen this large in my career. I’ve been around for 45 years.”