Wednesday, October 19, 2022

Yep

 


In a tweet, Amazon founder Jeff Bezos echoed comments that Goldman Sachs Chief Executive David Solomon

Yep, the probabilities in this economy tell you batten down the hatches,” Bezos said in a comment attached to a clip of Solomon’s “Squawk Box” interview.

Solomon spoke after his firm had just posted quarterly earnings results that beat Wall Street estimates. Yet he said a recession could be looming as the economy deals with persistently high inflation and a Federal Reserve trying to lower prices through a series of aggressive interest rate increases.

“I think you have to expect that there’s more volatility on the horizon,” Solomon said. But on the distribution of outcomes, there’s a good chance that we have a recession in the United States.”

Some are in business to improve people's life and make profit while others are into creating enemies, into war, to make profit out of the misery of poor people.

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