Jeff Bezos Warns of Recession, Says Watch Out

Jeff Bezos Warns of Rough Time Ahead As Recession Looms

Amazon founder has become the latest billionaire to warn of an inevitable recession.

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Jeff Bezos echoed Goldman Sachs Chief Executive David Solomon’s comments.

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Goldman Sachs exec had earlier said that it’s time for both corporate leaders and investors to understand the risks building up, and to prepare accordingly.

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Solomon said he is expecting more volatility on the horizon.

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Solomon added that there’s a good chance that we have a recession in the United States.

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Earlier in August, Elon Musk warned of a “mild recession” and said inflation has peaked.

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Earlier, billionaire investor Carl Icahn predicted a recession or “even worse” was likely on the way for the U.S. economy.

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